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TA Corporation (PA3) Fair Value & Analysis

Industrials · SG · Market cap 68.6M SGD

TC TA Corporation PA3 · SG
Price0.1160 SGD
Fair Value0.1499 SGD
Upside+29.2%
Quality72/100
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Evidence: Medium Range 0.1054 SGD – 0.1894 SGD

Fair value as of: Jul 4, 2026

From 24 valuation models · updated yesterday

Price vs Fair Value (12 months)

0.1200 SGD 0.0730 SGD Fair Value 0.1499 SGD Jul 2025 Jul 2026

12‑month range 0.0730 SGD – 0.1200 SGD · fair‑value band 0.1054 SGD – 0.1894 SGD · the 0.1160 SGD price screens below the 0.1499 SGD fair value. As of Jul 4, 2026.

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Analysis

TA Corporation (PA3) currently trades at 0.1160 SGD, while our model-based Fair Value estimate is 0.1499 SGD — implying the stock looks roughly 29.2% undervalued today. We read business quality at 72/100 (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: medium) — always confirm before acting.

Over the trailing twelve months, TA Corporation generated revenue of 118M SGD at a net margin of 47.7%. Revenue declined 4.5% year over year. It earns a return on equity of 46.4%. Net debt stands at 84.1M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 118M SGD
Revenue growth (YoY) -4.5%
Net margin 47.7%
Return on equity 46.4%
Free cash flow 28.7M SGD FY2025
P/E ratio 1.2
More key figures
Operating margin 25.0%
EPS (TTM) 0.1000 SGD
EPS growth (YoY) +919%
Net debt 84.1M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

TA Corporation Ltd, an investment holding company, operates in the property and construction business in Singapore, Cambodia, Myanmar, and internationally. The company operates through Construction, Real estate investment, Real estate development, Distribution, and Others segments. The company provides designs, installs, and maintains air conditioning and mechanical ventilation systems; offers general engineering services and concrete precast components; and sells construction materials. It also engages in the fabrication; erection of building structural steels; development of residential and commercial projects; and provision of project management services. Additionally, the company is involved in the rental and management of investment properties, including workers' dormitory; and sale and distribution of petroleum-based lubricant products, automotive tires, and commercial vehicles. TA Corporation Ltd was founded in 1972 and is based in Singapore.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TA Corporation reported revenue of 123M SGD in FY2025 versus 218M SGD in FY2021, a compound −13.4%/yr. Reported net income was 53.3M SGD in FY2025.

Revenue −13.4%/yr
FY21 218M SGD
FY22 366M SGD
FY23 138M SGD
FY24 97.1M SGD
FY25 123M SGD
Net income
FY21 −36.5M SGD
FY22 12.1M SGD
FY23 −16.3M SGD
FY24 14.4M SGD
FY25 53.3M SGD

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6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

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Frequently asked questions

Is TA Corporation (PA3) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.1499 SGD versus a price of 0.1160 SGD — about +29% (undervalued). Model-based estimate, not financial advice.
What is the fair value of PA3?
Our model-based fair value for TA Corporation is 0.1499 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.1160 SGD.
What is the quality score of PA3?
TA Corporation has a Quality Score of 72/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of TA Corporation (PA3)?
TA Corporation reported trailing-twelve-month revenue of about 118M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of PA3?
The net profit margin of TA Corporation is about 47.7%, meaning it keeps roughly 47.7% of revenue as net income. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.