METRO HOLDINGS LIMITED (M01) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of METRO HOLDINGS LIMITED S$0.43, price S$0.38, upside +14.7%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 0.3380 SGD – 0.6686 SGD · fair‑value band 0.3900 SGD – 0.4600 SGD · the 0.3750 SGD price screens below the 0.4300 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Metro Holdings Limited engages in the retail, and property development and investment businesses in Singapore, the People's Republic of China, Indonesia, the United Kingdom, and Australia. The company operates in two segments, Property and Retail.
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Metro Holdings Limited engages in the retail, and property development and investment businesses in Singapore, the People's Republic of China, Indonesia, the United Kingdom, and Australia. The company operates in two segments, Property and Retail. It leases shopping and office spaces, as well as invests in property-related investments; and retails and operates department stores. The company also develops and operates urban mixed-use communities and residential properties, as well as commercial, student accommodation, and logistics and industrial properties. Metro Holdings Limited was founded in 1957 and is headquartered in Singapore.
Stock analysis
METRO HOLDINGS LIMITED (M01) currently trades at 0.3750 SGD, while our model-based Fair Value estimate is 0.4300 SGD, implying the stock looks roughly 12.8% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.7500 SGD per share, and 4 of the 7 models we run sit above the 0.3750 SGD price.
Bear case: the Multiples group reads lowest at 0.2400 SGD, and 3 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.3900 SGD (bear) to 0.4600 SGD (bull), the price of 0.3750 SGD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
METRO HOLDINGS LIMITED reported revenue of 97.7M SGD in FY2026 versus 101M SGD in FY2022, a compound −0.7%/yr. Reported net income was −203M SGD in FY2026.
Key figures
Market cap 311M SGD (≈ $243M) · P/S ratio 3.26 · EPS (TTM) −0.2500 SGD · Dividend yield 5.3% · Net margin −208% · Return on equity −19.1% · Return on assets (EBIT) −0.6% · Operating margin −28.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 15%, M01 screens cheaper than that median.
Fair Value models
Bear 0.3900 SGDFair Value 0.4300 SGDBull 0.4600 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.28/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−6.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
Start year 2021 (pandemic). Over 10 years: −4.5% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−4.3% (2021) → −27.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +13.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Department Stores · 103 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+14.7% · Above median
Profitability
Return on assets−0.9% · Bottom 25%
Operating margin (TTM)−28.1% · Bottom 25%
Growth and dividend
Revenue growth−0.5% · Below median
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
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Is METRO HOLDINGS LIMITED (M01) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.4300 SGD versus a price of 0.3750 SGD, about +15% upside (undervalued).
What is the fair value of M01?
Our model-based fair value for METRO HOLDINGS LIMITED is 0.4300 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.3750 SGD.
What is the quality score of M01?
METRO HOLDINGS LIMITED has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for METRO HOLDINGS LIMITED (M01)?
Our model-based price target is the fair value of 0.4300 SGD (as of Sep 27, 2026) from 7 valuation models. Cautious scenario 0.3900 SGD, optimistic scenario 0.4600 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the METRO HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 0.4300 SGD, about +15% upside versus a price of 0.3750 SGD (undervalued). Cautious scenario 0.3900 SGD, optimistic scenario 0.4600 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of METRO HOLDINGS LIMITED (M01)?
METRO HOLDINGS LIMITED reported trailing-twelve-month revenue of about 97.7M SGD (latest available figure, as of Sep 27, 2026).
Does METRO HOLDINGS LIMITED pay a dividend?
METRO HOLDINGS LIMITED currently shows a dividend yield of about 5.33% relative to its recent price (as of Sep 27, 2026).
What growth is priced into METRO HOLDINGS LIMITED (M01)?
For today's price to be fair in a discounted-cash-flow model, METRO HOLDINGS LIMITED would have to grow free cash flow by +15.6 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.1 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of M01 use?
Our models discount METRO HOLDINGS LIMITED at 11.0 %: a base by market capitalisation (micro), damped by beta 0.17, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For METRO HOLDINGS LIMITED that is +15.6 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has METRO HOLDINGS LIMITED (M01) delivered so far?
Over the past 5 years revenue at METRO HOLDINGS LIMITED grew +0.1 % a year. The price currently implies +15.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of METRO HOLDINGS LIMITED (M01) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into METRO HOLDINGS LIMITED (+15.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of METRO HOLDINGS LIMITED (M01)?
The free-cash-flow yield on the price is 6.94 %: that much free cash flow METRO HOLDINGS LIMITED produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of METRO HOLDINGS LIMITED (M01)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For METRO HOLDINGS LIMITED it is 0.4300 SGD per share (as of Sep 27, 2026), against a price of 0.3750 SGD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is METRO HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, M01 trades below its calculated fair value: price 0.3750 SGD, fair value 0.4300 SGD, a gap of about +15% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of M01?
No. The price is what the market pays today (0.3750 SGD); the fair value is what the company's own numbers justify (0.4300 SGD). For METRO HOLDINGS LIMITED the two are 0.0550 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is METRO HOLDINGS LIMITED worth?
The market values METRO HOLDINGS LIMITED at about 311M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.3750 SGD; our models calculate a fair value of 0.4300 SGD per share.
What do the bullish and bearish scenarios say about M01?
Our models span a range for METRO HOLDINGS LIMITED: cautious scenario 0.3900 SGD, base 0.4300 SGD, optimistic 0.4600 SGD per share (as of Sep 27, 2026, price 0.3750 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of M01?
The PEG ratio of METRO HOLDINGS LIMITED is 2.53 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of METRO HOLDINGS LIMITED (M01)?
Balance-sheet figures for METRO HOLDINGS LIMITED (as of Sep 27, 2026): return on equity −19.1%, debt of 0.35 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is M01 from its 52-week high?
METRO HOLDINGS LIMITED trades at 0.3750 SGD, about 31% below its 52-week high of 0.5455 SGD and at the low of 0.3750 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4300 SGD is for.
Which stocks are comparable to METRO HOLDINGS LIMITED?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is METRO HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.3750 SGD, calculated fair value 0.4300 SGD (+15%), Quality Score 57/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of M01 calculated?
We run METRO HOLDINGS LIMITED through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.4300 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. METRO HOLDINGS LIMITED currently trades 13 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of METRO HOLDINGS LIMITED (M01)?
The closing price on Oct 2, 2026 was 0.3750 SGD. Our model-based fair value is 0.4300 SGD, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with METRO HOLDINGS LIMITED right now?
The price is below even our cautious bear case (0.3900 SGD). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of METRO HOLDINGS LIMITED
How large is the market capitalisation of METRO HOLDINGS LIMITED (M01)?
The market capitalisation of METRO HOLDINGS LIMITED is 311M SGD (≈ $243M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of METRO HOLDINGS LIMITED (M01)?
The price-to-sales ratio of METRO HOLDINGS LIMITED is 3.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of METRO HOLDINGS LIMITED (M01)?
Earnings per share at METRO HOLDINGS LIMITED are −0.2500 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of METRO HOLDINGS LIMITED (M01)?
The dividend yield of METRO HOLDINGS LIMITED is 5.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of METRO HOLDINGS LIMITED (M01)?
The net margin of METRO HOLDINGS LIMITED is −208% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of METRO HOLDINGS LIMITED (M01)?
The return on equity (ROE) of METRO HOLDINGS LIMITED is −19.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of METRO HOLDINGS LIMITED (M01)?
On an EBIT basis the return on assets of METRO HOLDINGS LIMITED is −0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of METRO HOLDINGS LIMITED (M01)?
The operating margin of METRO HOLDINGS LIMITED is −28.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at METRO HOLDINGS LIMITED (M01)?
Revenue at METRO HOLDINGS LIMITED is growing −0.5% versus a year earlier (3y avg −5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at METRO HOLDINGS LIMITED (M01)?
Earnings per share at METRO HOLDINGS LIMITED are growing −59.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does METRO HOLDINGS LIMITED (M01) carry?
The net debt of METRO HOLDINGS LIMITED is 145M SGD (fiscal year 2026, ≈ 6.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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