NSL Ltd (N02) Fair Value & Analysis
Basic Materials · SG · Market cap 331M SGD
Fair value as of: Jul 4, 2026
From 22 valuation models · updated yesterday
Share price −1.7% over the past month.
Price vs Fair Value (12 months)
12‑month range 0.7019 SGD – 0.9400 SGD · fair‑value band 0.7300 SGD – 1.21 SGD · the 0.8850 SGD price screens below the 0.9700 SGD fair value. As of Jul 4, 2026.
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NSL Ltd (N02) currently trades at 0.8850 SGD, while our model-based Fair Value estimate is 0.9700 SGD — implying the stock looks roughly 9.6% undervalued today. We read business quality at 71/100 (solid quality), in the Basic Materials 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, NSL Ltd generated revenue of 311M SGD at a net margin of 8.0%. Revenue grew 41.2% year over year. It earns a return on equity of 8.3%. The stock trades on a trailing P/E of 9.8. Fundamentals as of Jul 4, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.
About the company
NSL Ltd, an investment holding company, engages in the manufacture and sale of building materials, oil and petroleum related products in Singapore, Malaysia, the United Arab Emirates, Finland, Norway, Germany, and internationally. The company operates through three divisions: Precast & Prefabricated Bathroom Unit, Environmental Services, and Chemicals. The company offers precast concrete components and prefabricated bathroom units; manufactures and sells refractory materials and roadstone products; trades in oil products; treats industrial wastewater and oily slop and recovers waste oil and oily slop; and provides oil and chemical waste disposal services, as well as owns and manages Raffles Marina Club. The company was incorporated in 1961 and is headquartered in Singapore. NSL Ltd operates as a subsidiary of YTL Cement Bhd.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
NSL Ltd reported revenue of 303M SGD in FY2024 versus 247M SGD in FY2020, a compound +5.2%/yr. Reported net income was 21.3M SGD in FY2024.
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Similar stocks
6 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $111.25 | $70.25 | -37% |
| Holcim AG HOLN | CHF 76.44 | CHF 35.29 | -54% |
| Heidelberg Materials AG HEI | €172.00 | €136.22 | -21% |
| Vulcan Materials Company VMC | $304.39 | $119.01 | -61% |
| Martin Marietta Materials, Inc MLM | $552.87 | $149.37 | -73% |
| UltraTech Cement Limited ULTRACEMCO | ₹10,912 | ₹4,589 | -58% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.