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MTQ Corporation Limited (M05) Fair Value & Analysis

Energy · SG · Market cap 47.8M SGD

MC MTQ Corporation Limited M05 · SG
Price0.2150 SGD
Fair Value0.3440 SGD
Upside+60.0%
Quality33/100
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Weak Growth
Loss-making · -13.0% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 3/100
Evidence: Low Range 0.2621 SGD – 0.3440 SGD Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from 0.2100 SGD to 0.3440 SGD (+63.8%) since Aug 9, 2026.

Below-average quality, screening 60% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.2621 SGD). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

0.3767 SGD 0.1457 SGD Fair Value 0.3440 SGD Aug 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.1457 SGD – 0.3767 SGD · fair‑value band 0.2621 SGD – 0.3440 SGD · the 0.2150 SGD price screens below the 0.3440 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MTQ Corporation Limited (M05) currently trades at 0.2150 SGD, while our model-based Fair Value estimate is 0.3440 SGD, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, MTQ Corporation Limited generated revenue of 49.9M SGD at a net margin of -13.0%. Revenue declined 31.3% year over year. It earns a return on equity of -9.7%. Net debt stands at 15.2M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2621 SGD (bear case) to 0.3440 SGD (bull case); at 0.2150 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -40% fair-value upside, at 60%, M05 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
EV/EBITDA 0.0100 SGD 0.0300 SGD 0.0500 SGD 54
NCAV (Graham) 0.1600 SGD 0.2100 SGD 0.3200 SGD 50
All 2 models by family
Multiples
EV/EBITDA 0.0100 SGD 0.0300 SGD 0.0500 SGD 54
Asset-Based
NCAV (Graham) 0.1600 SGD 0.2100 SGD 0.3200 SGD 50

Widest divergence: Asset-Based (0.2100 SGD) versus Multiples (0.0300 SGD). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 49.9M SGD
Revenue growth (YoY) -31.3%
Net margin -13.0%
Return on equity -9.7%
Free cash flow −9.3M SGD FY2026
Operating margin -2.8%
More key figures
EPS (TTM) -0.0300 SGD
EPS growth (YoY) -71.2%
Net debt 15.2M SGD FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 34 · Market factors (momentum, volatility) 35

Profitability 8
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

MTQ Corporation Limited, together with its subsidiaries, provides engineering solutions for oilfield equipment in Singapore, the Kingdom of Bahrain, Australia, United Arab Emirates, and the United Kingdom. The company operates through Investment Holding and Oilfield Engineering segments.

Full company description

MTQ Corporation Limited, together with its subsidiaries, provides engineering solutions for oilfield equipment in Singapore, the Kingdom of Bahrain, Australia, United Arab Emirates, and the United Kingdom. The company operates through Investment Holding and Oilfield Engineering segments. It offers engineering services for the servicing, manufacturing, assembly, and fabrication of oilfield equipment, such as valves and blow-out-preventers. The company also rents and sells oilfield equipment and spare parts, including drilling spools, adaptors, and related pressure control drilling equipment; heat exchanger mud coolers, shale shakers, drilling and spares handling tools, BOP pressure test units and torque tools, mud pumps, safety and drilling diverter valves, drillpipe protectors, and safety equipment. In addition, it supplies oilfield equipment; manufactures equipment components; remanufactures drilling tools; designs, engineers, assembles, and tests flow control valves; and provides equipment recertification and rig inspections services, as well as general oilfield fabrication and welding services. The company serves the original equipment manufacturers, drilling contractors/rig owners, and oil and service sectors. MTQ Corporation Limited was formerly known as Metalock Singapore Limited and changed its name to MTQ Corporation Limited in 2003. The company was founded in 1959 and is based in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

MTQ Corporation Limited reported revenue of 49.9M SGD in FY2026 versus 52.0M SGD in FY2022, a compound −1.1%/yr. Reported net income was −6.5M SGD in FY2026.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
49.9M SGD
Latest YoY
−21.2%
Avg. growth/yr (3Y) 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.
−15.9%
Avg. growth/yr (5Y) 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.
+0.3%
Avg. growth/yr (12Y) 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.
−14.2%
Revenue −1.1%/yr
FY22 52.0M SGD
FY23 83.8M SGD
FY24 67.0M SGD
FY25 63.3M SGD
FY26 49.9M SGD
Net income
FY22 1.3M SGD
FY23 3.7M SGD
FY24 9.4M SGD
FY25 4.8M SGD
FY26 −6.5M SGD

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Cite: Fair Value Calculator (2026). "MTQ Corporation Limited Fair Value". https://www.fairvalue-calculator.com/stock/M05

Peer Group

Oil & Gas Equipment & Services · 192 stocks

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.

Quality Score 34 · Bottom 25%
Fair Value upside +60% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -13% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -31% · Bottom 25%
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/B 0.53× · Cheaper than 75% of peers
P/S (TTM) 0.75× · Cheaper than median
EV/EBITDA 33.2× · Pricier than 75% of peers
PEG 1.21× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 0 · sector 1
PAST 0 · sector 27
HEALTH 91 · sector 93
DIVIDEND 47 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 488.45 MXN -42%
Baker Hughes Company BKR $64.28 $32.40 -50%
TechnipFMC plc FTI $75.27 $27.43 -64%
Halliburton Company HAL $33.29 $21.50 -35%
Tenaris S.A TS $53.15 $45.68 -14%
Yantai Jereh Oilfield Services Group 002353 ¥144.58 ¥34.17 -76%
Saipem SpA SPM €4.56 €2.72 -40%
Subsea 7 S.A SUBC kr 334.40 kr 224.63 -33%
China Oilfield Services Limited 601808 ¥12.02 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €202.00 €95.01 -53%

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Frequently asked questions

Is MTQ Corporation Limited (M05) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.3440 SGD versus a price of 0.2150 SGD, about +60% (undervalued).
What is the fair value of M05?
Our model-based fair value for MTQ Corporation Limited is 0.3440 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2150 SGD.
What is the quality score of M05?
MTQ Corporation Limited has a Quality Score of 33/100. 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 revenue of MTQ Corporation Limited (M05)?
MTQ Corporation Limited reported trailing-twelve-month revenue of about 49.9M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of M05?
The net profit margin of MTQ Corporation Limited is about -13.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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