EN DE

TA CORPORATION LTD (PA3) Fair Value & Analysis

Industrials · SG · Market cap 68.6M SGD

TC TA CORPORATION LTD PA3 · SG
Price0.0950 SGD
Fair Value0.1457 SGD
Upside+53.4%
Quality69/100
Watch TA CORPORATION LTD for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Highly profitable · 47.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 82/100
Evidence: Medium Range 0.1039 SGD – 0.1829 SGD Share as image

Fair value as of: Aug 16, 2026

From 24 valuation models · updated 3 days ago

Share price −3.1% over the past month.

A solid business, screening 53% undervalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The price is below even our cautious bear case (0.1039 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

0.1200 SGD 0.0560 SGD Fair Value 0.1457 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.

How to read this chart

60‑month range 0.0560 SGD – 0.1200 SGD · fair‑value band 0.1039 SGD – 0.1829 SGD · the 0.0950 SGD price screens below the 0.1457 SGD fair value. Dashed = 300-day average. As of Aug 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

TA CORPORATION LTD (PA3) currently trades at 0.0950 SGD, while our model-based Fair Value estimate is 0.1457 SGD, implying the stock looks roughly 53.4% undervalued today. The Quality Score stands at 69/100 (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 LTD 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 Aug 16, 2026

Our scenario range runs from 0.1039 SGD (bear case) to 0.1829 SGD (bull case); at 0.0950 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 24% below its 52-week high and 30% 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 53%, PA3 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 0.2800 SGD 0.3600 SGD 0.4900 SGD 80
Residual Income 0.6100 SGD 1.10 SGD 18.48 SGD 76
Rev-Margin DCF 0.2100 SGD 0.3200 SGD 0.4600 SGD 74
All 24 models by family
DCF Models
FCF DCF 0.2700 SGD 0.3600 SGD 0.5000 SGD 38
Owner Earnings 0.5700 SGD 0.7400 SGD 1.01 SGD 31
5Y Revenue Exit 0.2100 SGD 0.3100 SGD 0.4600 SGD 39
5Y EBITDA Exit 0.3700 SGD 0.5800 SGD 0.8700 SGD 41
5Y P/E Exit 0.7200 SGD 1.20 SGD 1.76 SGD 38
10Y Revenue Exit 0.2300 SGD 0.3000 SGD 0.3700 SGD 36
10Y EBITDA Exit 0.3200 SGD 0.4400 SGD 0.5800 SGD 37
10Y P/E Exit 0.5000 SGD 0.7700 SGD 1.02 SGD 35
Earnings-Based
Graham-Dodd 0.6100 SGD 0.7500 SGD 0.8400 SGD 54
EPV 0.2900 SGD 0.3400 SGD 0.3800 SGD 59
Dividend Discount
Gordon GGM 0.0100 SGD 0.0200 SGD 0.0200 SGD 70
DDM Multi-Stage 0.0100 SGD 0.0200 SGD 0.0200 SGD 61
Multiples
P/E Multiple 1.42 SGD 1.89 SGD 2.36 SGD 63
P/S Multiple 0.3100 SGD 0.4200 SGD 0.5200 SGD 58
P/B Multiple 0.6900 SGD 0.9200 SGD 1.15 SGD 55
EV/EBIT 0.7000 SGD 0.9600 SGD 1.23 SGD 53
EV/EBITDA 0.5500 SGD 0.7600 SGD 0.9700 SGD 54
EV/Revenue 0.1800 SGD 0.2900 SGD 0.4000 SGD 43
Asset-Based
NCAV (Graham) 0.1000 SGD 0.1400 SGD 0.2100 SGD 50
Growth DCF
Growth DCF 0.2800 SGD 0.3600 SGD 0.4900 SGD 80
Rev-Margin DCF 0.2100 SGD 0.3200 SGD 0.4600 SGD 74
Economic Profit
Residual Income 0.6100 SGD 1.10 SGD 18.48 SGD 76
ROIC Compounder 0.2900 SGD 0.3500 SGD 0.4000 SGD 72
Growth Earnings
Growth-Adj P/E 1.00 SGD 1.43 SGD 1.86 SGD 68

Widest divergence: Growth Earnings (1.43 SGD) versus Dividend Discount (0.0200 SGD). Highest evidence: Growth DCF (80).

Notify me when PA3 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

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 1.0
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 · as of Aug 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 62 · Market factors (momentum, volatility) 59

Profitability 59
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 55
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TA CORPORATION LTD 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
123M SGD
Latest YoY
+26.5%
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.
−30.5%
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.
−5.4%
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.
−7.1%
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

Watch PA3: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

TA CORPORATION LTD · Fair Value
0.1457 SGD +53%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "TA CORPORATION LTD Fair Value". https://www.fairvalue-calculator.com/stock/PA3

Peer Group

Engineering & Construction · 832 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 69 · Top 25%
Fair Value upside +58% · Top 25%
Return on equity (TTM) 46% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.82× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 1.0× · Cheaper than 75% of peers
P/B 0.44× · Cheaper than 75% of peers
P/S (TTM) 0.46× · Cheaper than median
P/FCF 1.9× · Pricier than median
EV/EBITDA 2.5× · Cheaper than 75% of peers

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 17
FUTURE 0 · sector 15
PAST 100 · sector 26
HEALTH 59 · sector 94
DIVIDEND 35 · 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 16, 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%

Compare TA CORPORATION LTD with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is TA CORPORATION LTD (PA3) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of 0.1457 SGD versus a price of 0.0950 SGD, about +53% (undervalued).
What is the fair value of PA3?
Our model-based fair value for TA CORPORATION LTD is 0.1457 SGD (as of Aug 16, 2026), built from audited fundamentals. The current price is 0.0950 SGD.
What is the quality score of PA3?
TA CORPORATION LTD has a Quality Score of 69/100. 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 TA CORPORATION LTD (PA3)?
TA CORPORATION LTD reported trailing-twelve-month revenue of about 118M SGD (latest available figure, as of Aug 16, 2026).
What is the net profit margin of PA3?
The net profit margin of TA CORPORATION LTD 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.

14 days Pro free · no card

Track TA CORPORATION LTD and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.