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MUN SIONG ENGINEERING LIMITED (MF6) Fair Value & Analysis

Industrials · SG · Market cap 15.1M SGD

MS MUN SIONG ENGINEERING LIMITED MF6 · SG
Price0.0310 SGD
Fair Value0.0400 SGD
Upside+29.0%
Quality54/100
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Mixed Growth
Loss-making · -7.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 1/100
Evidence: Low Range 0.0369 SGD – 0.0431 SGD Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0390 SGD to 0.0400 SGD (+2.6%) since Aug 9, 2026.

A solid business, screening 29% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0369 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.0703 SGD 0.0230 SGD Fair Value 0.0400 SGD May 2021 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 0.0230 SGD – 0.0703 SGD · fair‑value band 0.0369 SGD – 0.0431 SGD · the 0.0310 SGD price screens below the 0.0400 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MUN SIONG ENGINEERING LIMITED (MF6) currently trades at 0.0310 SGD, while our model-based Fair Value estimate is 0.0400 SGD, implying the stock looks roughly 29.0% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials 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, MUN SIONG ENGINEERING LIMITED generated revenue of 69.4M SGD at a net margin of -7.8%. Revenue grew 9.0% year over year. It earns a return on equity of -12.2%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0369 SGD (bear case) to 0.0431 SGD (bull case); at 0.0310 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 35% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 29%, MF6 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
Growth DCF 0.0400 SGD 0.0500 SGD 0.0500 SGD 80
Rev-Margin DCF 0.0400 SGD 0.0500 SGD 0.0700 SGD 74
NCAV (Graham) 0.0400 SGD 0.0500 SGD 0.0700 SGD 50
All 7 models by family
DCF Models
FCF DCF 0.0400 SGD 0.0500 SGD 0.0600 SGD 38
5Y Revenue Exit 0.0400 SGD 0.0500 SGD 0.0700 SGD 39
10Y Revenue Exit 0.0400 SGD 0.0500 SGD 0.0600 SGD 36
Multiples
EV/Revenue 0.0500 SGD 0.0600 SGD 0.0700 SGD 43
Asset-Based
NCAV (Graham) 0.0400 SGD 0.0500 SGD 0.0700 SGD 50
Growth DCF
Growth DCF 0.0400 SGD 0.0500 SGD 0.0500 SGD 80
Rev-Margin DCF 0.0400 SGD 0.0500 SGD 0.0700 SGD 74

Widest divergence: Multiples (0.0600 SGD) versus DCF Models (0.0500 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 69.4M SGD
Revenue growth (YoY) +9.0%
Net margin -7.8%
Return on equity -12.2%
Free cash flow 1.7M SGD FY2025
Operating margin -3.2%
More key figures
EPS (TTM) -0.0100 SGD
EPS growth (YoY) -96.6%

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 48

Profitability 16
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 46
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

Mun Siong Engineering Limited provides integrated engineering services to oil and gas, petrochemical, energy, chemical, power generation, construction, and pharmaceutical industries worldwide.

Full company description

Mun Siong Engineering Limited provides integrated engineering services to oil and gas, petrochemical, energy, chemical, power generation, construction, and pharmaceutical industries worldwide. It offers multi-disciplinary engineering calculation and design consultancy; in-house quality control and quality assurance; on-site flange refacing; semi-automated pressure cleaning; abrasive water-jet cutting and hydro drilling; furnace, boiler, and fired-heater mechanical de-coking and inspection; static and dynamic balancing; turnkey heat exchanger, and pressure vessel design and fabrication; and industrial equipment cleaning services, as well as retubing, repair, modification, and new fabrication of heat exchanger; removal, servicing, repair, overhauling, and installation of rotating equipment; Milwaukee tools for battery operated power tools; and authorized maintenance for waterous pumps. The company also provides internal tube grit blasting cleaning and epoxy coating; anti-corrosion and low surface energy coating; heat exchanger coil cleaning; mechanical seal supply and repair; trenchless pipeline rehabilitation; thermoplastic anti-corrosion coating; process plant shutdown and turnaround maintenance, and project management; tankage rehabilitation and demolition; scaffolding, insulation, and painting; and emergency, predictive, and routine maintenance services. It offers design, prefabrication, fabrication, erection, and installation for structural steel services, and steel piping and support systems; design, fabrication, installation, and construction services for atmospheric storage tank solutions and instrumentation and control systems; equipment package/skid design, fabrication, and assembly services; transformer, switchgear, and control panel installation for electrical services; and installation, loop checking, testing, and pre commissioning for distributed control systems and PLC solutions. The company was incorporated in 1969 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MUN SIONG ENGINEERING LIMITED reported revenue of 69.4M SGD in FY2025 versus 74.6M SGD in FY2021, a compound −1.8%/yr. Reported net income was −5.4M SGD in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
69.4M SGD
Latest YoY
+7.0%
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.
+3.1%
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.
+8.1%
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.
−1.4%
Revenue −1.8%/yr
FY21 74.6M SGD
FY22 63.3M SGD
FY23 71.2M SGD
FY24 64.8M SGD
FY25 69.4M SGD
Net income
FY21 674K SGD
FY22 371K SGD
FY23 −2.8M SGD
FY24 −5.5M SGD
FY25 −5.4M SGD

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Cite: Fair Value Calculator (2026). "MUN SIONG ENGINEERING LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/MF6

Peer Group

Engineering & Construction · 838 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 54 · Above median
Fair Value upside +29% · Above median
Return on assets -3% · Bottom 25%
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 1.5% · Below median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.28× · Cheaper than 75% of peers
P/S (TTM) 0.17× · Cheaper than 75% of peers
P/FCF 7.0× · 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 72 · sector 15
FUTURE 45 · sector 14
PAST 0 · sector 26
HEALTH 100 · sector 94
DIVIDEND 31 · sector 43

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is MUN SIONG ENGINEERING LIMITED (MF6) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0400 SGD versus a price of 0.0310 SGD, about +29% (undervalued).
What is the fair value of MF6?
Our model-based fair value for MUN SIONG ENGINEERING LIMITED is 0.0400 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0310 SGD.
What is the quality score of MF6?
MUN SIONG ENGINEERING LIMITED has a Quality Score of 54/100. 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 MUN SIONG ENGINEERING LIMITED (MF6)?
MUN SIONG ENGINEERING LIMITED reported trailing-twelve-month revenue of about 69.4M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MF6?
The net profit margin of MUN SIONG ENGINEERING LIMITED is about -7.8%, 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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