Raffles Education Corporation Ltd (RFLFY) fair value: what the stock is really worth
As of Aug 21, 2026: fair value of Raffles Education Corporation Ltd $1.10, price $1.33, upside -17.3%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.4919 – $2.55 · fair‑value band $0.7700 – $1.41 · the $1.33 price screens above the $1.10 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Raffles Education Limited, an investment holding company, provides education and related services in the regions of ASEAN, North Asia, South Asia, Australasia, Indonesia, and Europe. It operates through Education, Education Facilities Rental Service, and Real Estate Investment & Development segments.
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Raffles Education Limited, an investment holding company, provides education and related services in the regions of ASEAN, North Asia, South Asia, Australasia, Indonesia, and Europe. It operates through Education, Education Facilities Rental Service, and Real Estate Investment & Development segments. The company offers diploma, undergraduate, and postgraduate programs in design discipline which includes animation, digital media, fashion, graphic, interior, jewellery, product, video games, visual communication design, photography, and fashion marketing and management specializations; business discipline comprising accountancy, business administration, commerce, entrepreneurship and small business operation, marketing, supply chain and logistic operations, and tourism and hospitality management specializations; and technology discipline, such as applied electronics and instrumentation, computer science, electronics and communication, electrical engineering, cloud computing and IT security, and information technology specializations. It offers programs in applied psychology, foundation studies, and English language disciplines, as well as pre-tertiary education, American K12 curriculum, and programs within the Chinese national public school. In addition, the company engages in education facilities leasing and commercial leasing activities for supporting facilities, and real estate investment and development activities. Further, it offers education consulting and development; education supporting; business and management consultancy; and vocational and technical training services. The company was formerly known as Raffles Education Corporation Limited and changed its name to Raffles Education Limited in October 2022. The company was founded in 1990 and is based in Singapore.
Stock analysis
Raffles Education Corporation Ltd ADR (RFLFY) currently trades at $1.33, while our model-based Fair Value estimate is $1.10, 17.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $3.20 per share, and 6 of the 19 models we run sit above the $1.33 price.
Bear case: the DCF Models group reads lowest at $0.3000, and 13 of the 19 models stay below the price. Evidence for this calculation is medium.
Scenario range: $0.7700 (bear) to $1.41 (bull), the price of $1.33 sits inside 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 50/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Raffles Education Corporation Ltd ADR reported revenue of 112M SGD in FY2025 versus 97.7M SGD in FY2021, a compound +3.4%/yr. Reported net income was 7.7M SGD in FY2025, compounding −17.2%/yr from FY2021.
Key figures
Market cap $121M · P/E ratio 14.8 · P/S ratio 1.02 · EPS (TTM) $0.0900 · Net margin 6.9% · Return on equity 0.0% · Return on assets (EBIT) 1.5% · Operating margin 15.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 170% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 26% fair-value upside, at −17%, RFLFY screens richer than that median.
Fair Value models
Bear $0.7700Fair Value $1.10Bull $1.41
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 12 months old). Earnings retained since then ($0.0900 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.36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.7%
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.
+2.1%
Start year 2020 (pandemic). Over 10 years: −0.7% a year
Revenue growth 23 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.
+9.0%
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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.
−23.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.0%
Dividend (yield on the price)0.0%
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.−23.0% vs −9.6%, slowing
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.−1% → 9%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 3.1%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Raffles Education Corporation Ltd ADR with another stock
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.Education & Training Services · 116 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−59.1% · Bottom 25%
Profitability
Return on equity (TTM)0.0% · Below median
Return on assets0.5% · Below median
Net margin (TTM)2.9% · Below median
Operating margin (TTM)15.5% · Above median
Growth and dividend
Revenue growth0.1% · Below median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Education & Training Services median · lower = cheaper
P/E (TTM)14.8× · Cheaper than median
P/B0.22× · Cheapest 25%
P/S (TTM)1.06× · Cheaper than median
EV/EBITDA8.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)1· sector 37
PAST (return on equity)0· sector 38
HEALTH (low debt)91· sector 95
DIVIDEND (yield)0· sector 49
VALUE 0: the price sits above our fair-value range.
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.
Is Raffles Education Corporation Ltd (RFLFY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $1.10 versus the last price from Aug 21, 2026 of $1.33, about −17% upside (overvalued).
What is the fair value of RFLFY?
Our model-based fair value for Raffles Education Corporation Ltd ADR is $1.10 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Aug 21, 2026): $1.33.
What is the quality score of RFLFY?
Raffles Education Corporation Ltd ADR has a Quality Score of 50/100. 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 Raffles Education Corporation Ltd (RFLFY)?
Our model-based price target is the fair value of $1.10 (as of Sep 24, 2026) from 19 valuation models. Cautious scenario $0.7700, optimistic scenario $1.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Raffles Education Corporation Ltd ADR stock forecast for 2026?
Our models put fair value at $1.10, about −17% upside versus the last price from Aug 21, 2026 of $1.33 (overvalued). Cautious scenario $0.7700, optimistic scenario $1.41. The calculation is refreshed regularly with new filings.
What is the revenue of Raffles Education Corporation Ltd (RFLFY)?
Raffles Education Corporation Ltd ADR reported trailing-twelve-month revenue of about 114M SGD (latest available figure, as of Sep 24, 2026).
What growth is priced into Raffles Education Corporation Ltd (RFLFY)?
For today's price to be fair in a discounted-cash-flow model, Raffles Education Corporation Ltd ADR would have to grow free cash flow by more than 80 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of RFLFY use?
Our models discount Raffles Education Corporation Ltd ADR at 11.9 %: a base by market capitalisation (micro), damped by beta 0.73, country premium for USA. 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 Raffles Education Corporation Ltd ADR that is more than 80 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Raffles Education Corporation Ltd (RFLFY) delivered so far?
Over the past 5 years revenue at Raffles Education Corporation Ltd ADR grew +2.1 % a year. The price currently implies more than 80 % 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 Raffles Education Corporation Ltd (RFLFY) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Raffles Education Corporation Ltd ADR (more than 80 % 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 Raffles Education Corporation Ltd (RFLFY)?
The free-cash-flow yield on the price is 0.12 %: that much free cash flow Raffles Education Corporation Ltd ADR produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Raffles Education Corporation Ltd (RFLFY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Raffles Education Corporation Ltd ADR it is $1.10 per share (as of Sep 24, 2026), against a price of $1.33. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is Raffles Education Corporation Ltd ADR stock overvalued or undervalued in 2026?
As of Sep 24, 2026, RFLFY trades above its calculated fair value: price $1.33, fair value $1.10, a gap of about −17% (overvalued). 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 RFLFY?
No. The price is what the market pays today ($1.33); the fair value is what the company's own numbers justify ($1.10). For Raffles Education Corporation Ltd ADR the two are $0.2300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Raffles Education Corporation Ltd ADR worth?
The market values Raffles Education Corporation Ltd ADR at about $121M (market capitalisation, as of Sep 24, 2026). Per share that is $1.33; our models calculate a fair value of $1.10 per share.
What do the bullish and bearish scenarios say about RFLFY?
Our models span a range for Raffles Education Corporation Ltd ADR: cautious scenario $0.7700, base $1.10, optimistic $1.41 per share (as of Sep 24, 2026, price $1.33). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RFLFY?
Raffles Education Corporation Ltd ADR trades at a price-to-earnings ratio of 14.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.10 is built from several models across several years. Other multiples: P/B 0.2, P/S 1.1, EV/EBITDA 8.5.
How solid is the balance sheet of Raffles Education Corporation Ltd (RFLFY)?
Balance-sheet figures for Raffles Education Corporation Ltd ADR (as of Sep 24, 2026): return on equity 0.0%, debt of 0.17 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is RFLFY from its 52-week high?
Raffles Education Corporation Ltd ADR trades at $1.33, at its 52-week high of $1.33 and 170% above the low of $0.4919 (as of Aug 21, 2026). Distance from the high says nothing about value: that is what the fair value of $1.10 is for.
Which stocks are comparable to Raffles Education Corporation Ltd ADR?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Covista Inc, 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 Raffles Education Corporation Ltd ADR stock attractive at the current price?
The data as of Sep 24, 2026: price $1.33, calculated fair value $1.10 (−17%), Quality Score 50/100, from 19 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 RFLFY calculated?
We run Raffles Education Corporation Ltd ADR through 19 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 $1.10, 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. Raffles Education Corporation Ltd ADR itself currently trades above fair value. 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 Raffles Education Corporation Ltd (RFLFY)?
The latest price we hold is from Aug 21, 2026 and stands at $1.33. Our model-based fair value is $1.10, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Raffles Education Corporation Ltd ADR right now?
Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($0.7700 to $1.41) leaves room in how you read the outcome.
Key figures of Raffles Education Corporation Ltd ADR
How large is the market capitalisation of Raffles Education Corporation Ltd (RFLFY)?
The market capitalisation of Raffles Education Corporation Ltd ADR is $121M. 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 Raffles Education Corporation Ltd (RFLFY)?
The price-to-sales ratio of Raffles Education Corporation Ltd ADR is 1.02 (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 Raffles Education Corporation Ltd (RFLFY)?
Earnings per share at Raffles Education Corporation Ltd ADR are $0.0900 (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Raffles Education Corporation Ltd (RFLFY)?
The net margin of Raffles Education Corporation Ltd ADR is 6.9% (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 Raffles Education Corporation Ltd (RFLFY)?
The return on equity (ROE) of Raffles Education Corporation Ltd ADR is 0.0% (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 Raffles Education Corporation Ltd (RFLFY)?
On an EBIT basis the return on assets of Raffles Education Corporation Ltd ADR is 1.5% (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 Raffles Education Corporation Ltd (RFLFY)?
The operating margin of Raffles Education Corporation Ltd ADR is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Raffles Education Corporation Ltd (RFLFY)?
Revenue at Raffles Education Corporation Ltd ADR is growing +0.1% 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 Raffles Education Corporation Ltd (RFLFY)?
Earnings per share at Raffles Education Corporation Ltd ADR are growing −57.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Raffles Education Corporation Ltd (RFLFY) carry?
The net debt of Raffles Education Corporation Ltd ADR is 202M SGD (fiscal year 2025). 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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Some data
Sep 24, 2026