NORDIC GROUP LIMITED (MR7) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of NORDIC GROUP LIMITED S$0.94, price S$0.54, upside +75.7%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Nordic Group Limited provides solutions in the areas of system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering, cleanroom, air and water engineering, and engineering and construction services. It operates through Project Services, Maintenance Services segments.
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Nordic Group Limited provides solutions in the areas of system integration, maintenance, repair, overhaul, trading, precision engineering, scaffolding, insulation, petrochemical and environmental engineering, cleanroom, air and water engineering, and engineering and construction services. It operates through Project Services, Maintenance Services segments. The company turns systems into solutions by providing flow, automation, and navigation solutions. It offers electrical and instrumentation, structural engineering, procurement, installation, and commissioning for conversion, upgrading, and factory and infrastructure automation services; after-sales services; thermal, cryogenic, acoustic, thermal spray aluminum, and passive fireproofing services; and scaffolding services, as well as sells and rents tubular frames and aluminum scaffolds. In addition, the company designs and builds tooling systems; provides turnkey production solutions; designs, fabricates, installs, and maintains anti-richochet ballistic protection systems; offers pre and post commissioning cleaning, heat exchanger and tank cleaning, process plant recovery work, temporary intervention, turnaround work and support, decontamination, temporary equipment support, product filtering, and utility plants operation support services; and provides services in facilities engineering, maintenance, engineering, project management, and construction for air pollution control systems, and water and waste treatment systems. Additionally, it provides aircraft components and hydraulic actuators; and integrates, assembles, trades in, imports, and exports hydraulic systems and marine components. The company was founded in 1998 and is headquartered in Singapore.
Stock analysis
NORDIC GROUP LIMITED (MR7) currently trades at 0.5350 SGD, while our model-based Fair Value estimate is 0.9400 SGD, implying the stock looks roughly 43.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.9100 SGD per share, and 20 of the 23 models we run sit above the 0.5350 SGD price.
Bear case: the Asset-Based group reads lowest at 0.2400 SGD, and 3 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6900 SGD (bear) to 1.18 SGD (bull), the price of 0.5350 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 72/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
NORDIC GROUP LIMITED reported revenue of 153M SGD in FY2025 versus 103M SGD in FY2021, a compound +10.4%/yr. Reported net income was 19.0M SGD in FY2025, compounding +8.2%/yr from FY2021.
Key figures
Market cap 213M SGD (≈ $166M) · P/E ratio 10.7 · P/S ratio 1.33 · EPS (TTM) 0.0500 SGD · Dividend yield 3.9% · Net margin 12.4% · Return on equity 14.7% · Return on assets (EBIT) 8.9%.
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 14% below its 52-week high and 40% 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 76%, MR7 screens cheaper than that median.
Fair Value models
Bear 0.6900 SGDFair Value 0.9400 SGDBull 1.18 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0218 SGD per share) are deliberately not added.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−3.2%
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.
−2.0%
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.
+13.7%
Start year 2020 (pandemic). Over 10 years: +6.7% 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.
+7.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+21.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)3.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.2% vs 4.0%, picking up
Profit margin 2020 to 2025 ⓘ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.7% → 16%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−8.0%
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 −9.9% 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.Engineering & Construction · 785 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+75.7% · Top 25%
Profitability
Return on equity (TTM)14.7% · Above median
Return on assets7.1% · Top 25%
Net margin (TTM)13.3% · Top 25%
Operating margin (TTM)15.1% · Top 25%
Growth and dividend
Revenue growth2.8% · Below median
Dividend yield (TTM)3.9% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "NORDIC GROUP LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/MR7
Frequently asked questions
Is NORDIC GROUP LIMITED (MR7) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 0.9400 SGD versus a price of 0.5350 SGD, about +76% upside (undervalued).
What is the fair value of MR7?
Our model-based fair value for NORDIC GROUP LIMITED is 0.9400 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 0.5350 SGD.
What is the quality score of MR7?
NORDIC GROUP LIMITED has a Quality Score of 72/100. 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 NORDIC GROUP LIMITED (MR7)?
Our model-based price target is the fair value of 0.9400 SGD (as of Oct 2, 2026) from 23 valuation models. Cautious scenario 0.6900 SGD, optimistic scenario 1.18 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the NORDIC GROUP LIMITED stock forecast for 2026?
Our models put fair value at 0.9400 SGD, about +76% upside versus a price of 0.5350 SGD (undervalued). Cautious scenario 0.6900 SGD, optimistic scenario 1.18 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of NORDIC GROUP LIMITED (MR7)?
NORDIC GROUP LIMITED reported trailing-twelve-month revenue of about 156M SGD (latest available figure, as of Oct 2, 2026).
Does NORDIC GROUP LIMITED pay a dividend?
NORDIC GROUP LIMITED currently shows a dividend yield of about 3.93% relative to its recent price (as of Oct 2, 2026).
What growth is priced into NORDIC GROUP LIMITED (MR7)?
For today's price to be fair in a discounted-cash-flow model, NORDIC GROUP LIMITED would have to grow free cash flow by -8.0 % 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 +13.7 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of MR7 use?
Our models discount NORDIC GROUP LIMITED at 11.0 %: a base by market capitalisation (micro), damped by beta 0.35, 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 NORDIC GROUP LIMITED that is -8.0 % 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 NORDIC GROUP LIMITED (MR7) delivered so far?
Over the past 5 years revenue at NORDIC GROUP LIMITED grew +13.7 % a year. The price currently implies -8.0 % 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 NORDIC GROUP LIMITED (MR7) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into NORDIC GROUP LIMITED (-8.0 % 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 NORDIC GROUP LIMITED (MR7)?
The free-cash-flow yield on the price is 13.69 %: that much free cash flow NORDIC GROUP 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 NORDIC GROUP LIMITED (MR7)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NORDIC GROUP LIMITED it is 0.9400 SGD per share (as of Oct 2, 2026), against a price of 0.5350 SGD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is NORDIC GROUP LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MR7 trades below its calculated fair value: price 0.5350 SGD, fair value 0.9400 SGD, a gap of about +76% (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 MR7?
No. The price is what the market pays today (0.5350 SGD); the fair value is what the company's own numbers justify (0.9400 SGD). For NORDIC GROUP LIMITED the two are 0.4050 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is NORDIC GROUP LIMITED worth?
The market values NORDIC GROUP LIMITED at about 213M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 0.5350 SGD; our models calculate a fair value of 0.9400 SGD per share.
What do the bullish and bearish scenarios say about MR7?
Our models span a range for NORDIC GROUP LIMITED: cautious scenario 0.6900 SGD, base 0.9400 SGD, optimistic 1.18 SGD per share (as of Oct 2, 2026, price 0.5350 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MR7?
NORDIC GROUP LIMITED trades at a price-to-earnings ratio of 10.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.9400 SGD is built from several models across several years. Other multiples: P/B 1.5, P/S 1.4, EV/EBITDA 5.8.
How solid is the balance sheet of NORDIC GROUP LIMITED (MR7)?
Balance-sheet figures for NORDIC GROUP LIMITED (as of Oct 2, 2026): return on equity 14.7%, debt of 0.03 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is MR7 from its 52-week high?
NORDIC GROUP LIMITED trades at 0.5350 SGD, about 14% below its 52-week high of 0.6250 SGD and 40% above the low of 0.3832 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9400 SGD is for.
Which stocks are comparable to NORDIC GROUP LIMITED?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 NORDIC GROUP LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 0.5350 SGD, calculated fair value 0.9400 SGD (+76%), Quality Score 72/100, from 23 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 MR7 calculated?
We run NORDIC GROUP LIMITED through 23 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 0.9400 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. NORDIC GROUP LIMITED currently trades 43 % 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 NORDIC GROUP LIMITED (MR7)?
The closing price on Oct 1, 2026 was 0.5350 SGD. Our model-based fair value is 0.9400 SGD, about +76% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NORDIC GROUP LIMITED right now?
The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (0.6900 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.
Key figures of NORDIC GROUP LIMITED
How large is the market capitalisation of NORDIC GROUP LIMITED (MR7)?
The market capitalisation of NORDIC GROUP LIMITED is 213M SGD (≈ $166M). 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 NORDIC GROUP LIMITED (MR7)?
The price-to-sales ratio of NORDIC GROUP LIMITED is 1.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NORDIC GROUP LIMITED (MR7)?
Earnings per share at NORDIC GROUP LIMITED are 0.0500 SGD (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NORDIC GROUP LIMITED (MR7)?
The dividend yield of NORDIC GROUP LIMITED is 3.9% (payout 42.0%). 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 NORDIC GROUP LIMITED (MR7)?
The net margin of NORDIC GROUP LIMITED is 12.4% (fiscal year 2025). 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 NORDIC GROUP LIMITED (MR7)?
The return on equity (ROE) of NORDIC GROUP LIMITED is 14.7% (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 NORDIC GROUP LIMITED (MR7)?
On an EBIT basis the return on assets of NORDIC GROUP LIMITED is 8.9% (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 NORDIC GROUP LIMITED (MR7)?
The operating margin of NORDIC GROUP LIMITED is 15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NORDIC GROUP LIMITED (MR7)?
Revenue at NORDIC GROUP LIMITED is growing +2.8% versus a year earlier (3y avg −2.0%). 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 NORDIC GROUP LIMITED (MR7)?
Earnings per share at NORDIC GROUP LIMITED are growing +21.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NORDIC GROUP LIMITED (MR7) carry?
The net debt of NORDIC GROUP LIMITED is 16.3M SGD (fiscal year 2024, ≈ 0.6 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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