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NORDIC GROUP LIMITED (MR7) Fair Value & Analysis

Industrials · SG · Market cap 217M SGD

NG NORDIC GROUP LIMITED MR7 · SG
Price0.5600 SGD
Fair Value0.9400 SGD
Upside+67.9%
Quality73/100
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Mixed Growth
Solidly profitable · 12.4% net margin
Low debt · generates free cash flow
3.49% dividend yield
Ranks above peers (11/14)
Moderate moat 57/100
Evidence: High Range 0.6900 SGD – 1.18 SGD Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 4 days ago

Share price +3.7% over the past month.

A solid business, screening 68% undervalued on our models.

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What matters now

  • The rarer combination: high quality (73/100) 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.
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Price vs Fair Value (5 years)

0.6250 SGD 0.2067 SGD Fair Value 0.9400 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 0.2067 SGD – 0.6250 SGD · fair‑value band 0.6900 SGD – 1.18 SGD · the 0.5600 SGD price screens below the 0.9400 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

NORDIC GROUP LIMITED (MR7) currently trades at 0.5600 SGD, while our model-based Fair Value estimate is 0.9400 SGD, implying the stock looks roughly 67.9% undervalued today. The Quality Score stands at 73/100 (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: high), always confirm before acting.

Over the trailing twelve months, NORDIC GROUP LIMITED generated revenue of 153M SGD at a net margin of 12.4%. Revenue declined 16.8% year over year. It earns a return on equity of 14.0%. Net debt stands at 16.3M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.6900 SGD (bear case) to 1.18 SGD (bull case); at 0.5600 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 11% below its 52-week high and 69% 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 68%, MR7 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 0.6900 SGD 0.8600 SGD 1.05 SGD 80
Residual Income 0.3100 SGD 0.3500 SGD 0.5400 SGD 76
Rev-Margin DCF 0.6100 SGD 0.8500 SGD 1.11 SGD 74
All 23 models by family
DCF Models
FCF DCF 0.6800 SGD 0.8800 SGD 1.11 SGD 38
Owner Earnings 0.5700 SGD 0.7200 SGD 0.9100 SGD 31
5Y Revenue Exit 0.6100 SGD 0.8400 SGD 1.12 SGD 39
5Y EBITDA Exit 0.7100 SGD 1.03 SGD 1.38 SGD 41
5Y P/E Exit 0.7200 SGD 1.04 SGD 1.36 SGD 38
10Y Revenue Exit 0.6300 SGD 0.8200 SGD 1.05 SGD 36
10Y EBITDA Exit 0.6900 SGD 0.9300 SGD 1.22 SGD 37
10Y P/E Exit 0.7000 SGD 0.9400 SGD 1.21 SGD 35
Earnings-Based
Graham-Dodd 0.3200 SGD 0.8500 SGD 1.11 SGD 54
PEG = 1.0 0.1600 SGD 0.2300 SGD 0.3000 SGD 46
EPV 0.4900 SGD 0.5400 SGD 0.5800 SGD 59
Multiples
P/E Multiple 0.7500 SGD 1.00 SGD 1.25 SGD 63
P/S Multiple 0.5800 SGD 0.7700 SGD 0.9600 SGD 58
P/B Multiple 0.6100 SGD 0.8100 SGD 1.02 SGD 55
EV/EBIT 0.8800 SGD 1.15 SGD 1.41 SGD 53
EV/EBITDA 0.8300 SGD 1.08 SGD 1.32 SGD 54
EV/Revenue 0.5800 SGD 0.7900 SGD 1.00 SGD 43
Asset-Based
NCAV (Graham) 0.1800 SGD 0.2400 SGD 0.3600 SGD 50
Growth DCF
Growth DCF 0.6900 SGD 0.8600 SGD 1.05 SGD 80
Rev-Margin DCF 0.6100 SGD 0.8500 SGD 1.11 SGD 74
Economic Profit
Residual Income 0.3100 SGD 0.3500 SGD 0.5400 SGD 76
ROIC Compounder 0.5100 SGD 0.5800 SGD 0.6500 SGD 72
Growth Earnings
Growth-Adj P/E 0.5900 SGD 0.8400 SGD 1.09 SGD 68

Widest divergence: DCF Models (0.8800 SGD) versus Asset-Based (0.2400 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 153M SGD
Revenue growth (YoY) -16.8%
Net margin 12.4%
Return on equity 14.0%
Free cash flow 29.2M SGD FY2025
P/E ratio 11.2
More key figures
Operating margin 18.4%
EPS (TTM) 0.0500 SGD
Dividend yield 3.5%
EPS growth (YoY) +20.0%
Net debt 16.3M SGD FY2024

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 71 · Market factors (momentum, volatility) 74

Profitability 49
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 84
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
153M SGD
Latest YoY
−3.2%
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.
−2.0%
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.
+13.7%
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.
+7.2%
Revenue +10.4%/yr
FY21 103M SGD
FY22 163M SGD
FY23 161M SGD
FY24 158M SGD
FY25 153M SGD
Net income +8.2%/yr
FY21 13.9M SGD
FY22 20.7M SGD
FY23 16.0M SGD
FY24 17.5M SGD
FY25 19.0M SGD

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Cite: Fair Value Calculator (2026). "NORDIC GROUP LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/MR7

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 73 · Top 25%
Fair Value upside +68% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth -17% · Bottom 25%
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 11.2× · Cheaper than median
P/B 1.20× · Cheaper than median
P/S (TTM) 1.11× · Pricier than median
P/FCF 5.8× · Pricier than median
EV/EBITDA 4.6× · Cheaper 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 15
FUTURE 0 · sector 14
PAST 56 · sector 26
HEALTH 99 · sector 94
DIVIDEND 70 · 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 NORDIC GROUP LIMITED (MR7) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.9400 SGD versus a price of 0.5600 SGD, about +68% (undervalued).
What is the fair value of MR7?
Our model-based fair value for NORDIC GROUP LIMITED is 0.9400 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.5600 SGD.
What is the quality score of MR7?
NORDIC GROUP LIMITED has a Quality Score of 73/100. 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 NORDIC GROUP LIMITED (MR7)?
NORDIC GROUP LIMITED reported trailing-twelve-month revenue of about 153M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MR7?
The net profit margin of NORDIC GROUP LIMITED is about 12.4%, meaning it keeps roughly 12.4% of revenue as net income. Based on the latest reported figures.
Does NORDIC GROUP LIMITED pay a dividend?
NORDIC GROUP LIMITED currently shows a dividend yield of about 3.49% relative to its recent price (as of Aug 13, 2026).

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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