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SINGAPORE SHIPPING CORP LTD (S19) Fair Value & Analysis

Industrials · SG · Market cap 122M SGD

SS SINGAPORE SHIPPING CORP LTD S19 · SG
Price0.2900 SGD
Fair Value0.4780 SGD
Upside+64.8%
Quality79/100
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Healthy Growth
Highly profitable · 32.5% net margin
Low debt · generates free cash flow
2.58% dividend yield
Ranks above peers (11/14)
Wide moat 68/100
Evidence: High Range 0.3530 SGD – 0.6030 SGD Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from 0.6500 SGD to 0.4780 SGD (−26.5%) since Aug 9, 2026. Share price −3.3% over the past month.

A strong business, screening 65% undervalued on our models.

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What matters now

  • The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (0.3530 SGD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

0.3150 SGD 0.2045 SGD Fair Value 0.4780 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 0.2045 SGD – 0.3150 SGD · fair‑value band 0.3530 SGD – 0.6030 SGD · the 0.2900 SGD price screens below the 0.4780 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SINGAPORE SHIPPING CORP LTD (S19) currently trades at 0.2900 SGD, while our model-based Fair Value estimate is 0.4780 SGD, implying the stock looks roughly 64.8% undervalued today. The Quality Score stands at 79/100 (high 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, SINGAPORE SHIPPING CORP LTD generated revenue of 50.6M SGD at a net margin of 32.5%. Revenue grew 8.3% year over year. It earns a return on equity of 11.9%. Net debt stands at 8.2M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.3530 SGD (bear case) to 0.6030 SGD (bull case); at 0.2900 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 8% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at 65%, S19 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 0.6400 SGD 0.7400 SGD 0.8600 SGD 80
Residual Income 0.2900 SGD 0.3200 SGD 0.4000 SGD 76
Rev-Margin DCF 0.4800 SGD 0.5700 SGD 0.6600 SGD 74
All 22 models by family
DCF Models
FCF DCF 0.6300 SGD 0.7500 SGD 0.8700 SGD 38
Owner Earnings 0.6500 SGD 0.7700 SGD 0.9100 SGD 31
5Y Revenue Exit 0.4800 SGD 0.5600 SGD 0.6400 SGD 39
5Y EBITDA Exit 0.6400 SGD 0.8300 SGD 1.04 SGD 41
5Y P/E Exit 0.7100 SGD 0.9500 SGD 1.18 SGD 38
10Y Revenue Exit 0.5500 SGD 0.6200 SGD 0.6900 SGD 36
10Y EBITDA Exit 0.6300 SGD 0.7700 SGD 0.9400 SGD 37
10Y P/E Exit 0.6700 SGD 0.8400 SGD 1.02 SGD 35
Earnings-Based
Graham-Dodd 0.2800 SGD 0.5800 SGD 0.7300 SGD 54
EPV 0.4200 SGD 0.4400 SGD 0.4600 SGD 59
Multiples
P/E Multiple 0.6500 SGD 0.8600 SGD 1.08 SGD 63
P/S Multiple 0.1900 SGD 0.2500 SGD 0.3200 SGD 58
P/B Multiple 0.5200 SGD 0.7000 SGD 0.8700 SGD 55
EV/EBIT 0.6200 SGD 0.7500 SGD 0.8900 SGD 53
EV/EBITDA 0.7100 SGD 0.8800 SGD 1.05 SGD 54
EV/Revenue 0.3700 SGD 0.4400 SGD 0.5100 SGD 43
Asset-Based
NCAV (Graham) 0.1800 SGD 0.2400 SGD 0.3600 SGD 50
Growth DCF
Growth DCF 0.6400 SGD 0.7400 SGD 0.8600 SGD 80
Rev-Margin DCF 0.4800 SGD 0.5700 SGD 0.6600 SGD 74
Economic Profit
Residual Income 0.2900 SGD 0.3200 SGD 0.4000 SGD 76
ROIC Compounder 0.4200 SGD 0.4500 SGD 0.4800 SGD 72
Growth Earnings
Growth-Adj P/E 0.4700 SGD 0.6700 SGD 0.8800 SGD 68

Widest divergence: DCF Models (0.7700 SGD) versus Asset-Based (0.2400 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 50.6M SGD
Revenue growth (YoY) +8.3%
Net margin 32.5%
Return on equity 11.9%
Free cash flow 22.0M SGD FY2026
P/E ratio 5.8
More key figures
Operating margin 25.5%
EPS (TTM) 0.0500 SGD
Dividend yield 2.6%
EPS growth (YoY) +84.6%
Net debt 8.2M SGD FY2021

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

Quality Score breakdown

Overall quality 79/100

Of which business quality 77 · Market factors (momentum, volatility) 54

Profitability 45
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 83
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

Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally. It operates through two segments, Ship Owning, and Agency and Logistics.

Full company description

Singapore Shipping Corporation Limited, an investment holding company, owns and manages ships in Singapore, Japan, and internationally. It operates through two segments, Ship Owning, and Agency and Logistics. The company operates a fleet of vessels; and provides ship management services, such as technical management, procurement, ISO1/ISM1 certification and audits, ship stores and spares, and crew procurement and management, as well as ship inspection and new construction consultancy. It also provides shipping agency and terminal operation services, including vessel, marketing, and documentation support, as well as vessel husbandry, stevedoring, and cargo management; and specialized services, such as supervision of loading/discharging operations by port captains, vessel pre-planning for stowage, and coordinating with masters and agents for vessel turn-around and dispatch. In addition, it offers logistics and warehousing services, such as international sea/airfreight forwarding, door-to-door delivery, vessel/aircraft chartering, customs clearance and documentation, certificate of origin arrangement, carnet and cross trade shipment, and project management services; spare parts packing and re-packing, and container stuffing; and distribution, warehousing, and storage services. Singapore Shipping Corporation Limited was founded in 1935 and is based in Singapore.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SINGAPORE SHIPPING CORP LTD reported revenue of 50.6M SGD in FY2026 versus 45.8M SGD in FY2022, a compound +2.5%/yr. Reported net income was 16.4M SGD in FY2026, compounding +13.7%/yr from FY2022.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
50.6M SGD
Latest YoY
+4.2%
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.
+2.2%
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.
+3.7%
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.
+3.3%
Revenue +2.5%/yr
FY22 45.8M SGD
FY23 47.4M SGD
FY24 45.5M SGD
FY25 48.6M SGD
FY26 50.6M SGD
Net income +13.7%/yr
FY22 9.8M SGD
FY23 11.5M SGD
FY24 9.1M SGD
FY25 11.4M SGD
FY26 16.4M SGD

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Cite: Fair Value Calculator (2026). "SINGAPORE SHIPPING CORP LTD Fair Value". https://www.fairvalue-calculator.com/stock/S19

Peer Group

Marine Shipping · 233 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 79 · Top 25%
Fair Value upside +65% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 4% · Above median
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 26% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 2.6% · Below median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 5.8× · Cheaper than 75% of peers
P/B 0.66× · Cheaper than median
P/S (TTM) 1.89× · Pricier than median
P/FCF 4.4× · Pricier than median
EV/EBITDA 0.6× · 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 19
FUTURE 42 · sector 20
PAST 48 · sector 27
HEALTH 95 · sector 88
DIVIDEND 52 · sector 56

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,658 ₹1,041 -37%
A.P. Møller - Mærsk A/S MAERSKA kr 16,810 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥15.25 ¥49.90 +227%
HMM Co 011200 21,350 KRW 33,795 KRW +58%
JSW Infrastructure Limited JSWINFRA ₹346.60 ₹126.31 -64%
Wan Hai Lines Ltd 2615 87.10 TWD 212.79 TWD +144%
PT Transcoal Pacific Tbk, a shipping company, TCPI 3,640 IDR 368.32 IDR -90%
Pan Ocean Co 028670 5,630 KRW 11,840 KRW +110%
Sociedad Matriz SAAM S.A SMSAAM 137.00 CLP 146.51 CLP +7%
PT Ancara Logistics Indonesia Tbk ALII 795.00 IDR 350.80 IDR -56%

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Frequently asked questions

Is SINGAPORE SHIPPING CORP LTD (S19) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.4780 SGD versus a price of 0.2900 SGD, about +65% (undervalued).
What is the fair value of S19?
Our model-based fair value for SINGAPORE SHIPPING CORP LTD is 0.4780 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2900 SGD.
What is the quality score of S19?
SINGAPORE SHIPPING CORP LTD has a Quality Score of 79/100. 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 SINGAPORE SHIPPING CORP LTD (S19)?
SINGAPORE SHIPPING CORP LTD reported trailing-twelve-month revenue of about 50.6M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of S19?
The net profit margin of SINGAPORE SHIPPING CORP LTD is about 32.5%, meaning it keeps roughly 32.5% of revenue as net income. Based on the latest reported figures.
Does SINGAPORE SHIPPING CORP LTD pay a dividend?
SINGAPORE SHIPPING CORP LTD currently shows a dividend yield of about 2.58% 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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