STRAITS TRADING CO. LTD (S20) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of STRAITS TRADING CO. LTD S$2.42, price S$1.51, upside +60.0%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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The Straits Trading Company Limited, a conglomerate-investment company, engages in the resources, property, and hospitality businesses. The company operates in four segments: Resources, Real Estate, Hospitality, and Others. It engages in the smelting of tin concentrates and tin bearing materials.
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The Straits Trading Company Limited, a conglomerate-investment company, engages in the resources, property, and hospitality businesses. The company operates in four segments: Resources, Real Estate, Hospitality, and Others. It engages in the smelting of tin concentrates and tin bearing materials. The company produces and sells various grades of refined tin metal and by-products; and invests in other metals and mineral resources. In addition, it invests in, develops, leases, and sells real estate properties; provides property and real estate fund management services; and owns and manages hotels. Further, the company engages in treasury services, and securities and other investments business, as well as wholesales metals and metal ores. Additionally, it offers tin warehousing services; membership services to access benefits, events, and privileges; and real estate and support management services. It has operations in Singapore, Malaysia, Australia, Japan, China, Korea, and the United Kingdom. The Straits Trading Company Limited was incorporated in 1887 and is based in Singapore. The Straits Trading Company Limited operates as a subsidiary of The Cairns Pte Ltd.
Stock analysis
STRAITS TRADING CO. LTD (S20) currently trades at 1.51 SGD, while our model-based Fair Value estimate is 2.42 SGD, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.73 SGD per share, and 3 of the 12 models we run sit above the 1.51 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.3400 SGD, and 9 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1.67 SGD (bear) to 3.27 SGD (bull), the price of 1.51 SGD sits below 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 39/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
STRAITS TRADING CO. LTD reported revenue of 623M SGD in FY2025 versus 397M SGD in FY2021, a compound +12.0%/yr. Reported net income was −249M SGD in FY2025.
Key figures
Market cap 780M SGD (≈ $609M) · P/S ratio 1.15 · EPS (TTM) −0.5400 SGD · Dividend yield 5.3% · Net margin −40.0% · Return on equity −15.5% · Return on assets (EBIT) 1.7% · Operating margin 12.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 60%, S20 screens cheaper than that median.
Fair Value models
Bear 1.67 SGDFair Value 2.42 SGDBull 3.27 SGD
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.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.53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.4%
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.
+5.7%
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.
+10.0%
Start year 2020 (pandemic). Over 10 years: +1.3% a year
Revenue growth 12 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.
−1.6%
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Profit margin (trend) ⓘ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.
25.3% (2020) → 8.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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 STRAITS TRADING CO. LTD 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.Other Industrial Metals & Mining · 355 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score39 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets2.0% · Above median
Net margin (TTM)−36.7% · Bottom 25%
Operating margin (TTM)12.1% · Above median
Growth and dividend
Revenue growth11.6% · Above median
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity0.59× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is STRAITS TRADING CO. LTD (S20) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 2.42 SGD versus a price of 1.51 SGD, about +60% upside (undervalued).
What is the fair value of S20?
Our model-based fair value for STRAITS TRADING CO. LTD is 2.42 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 1.51 SGD.
What is the quality score of S20?
STRAITS TRADING CO. LTD has a Quality Score of 39/100. 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 STRAITS TRADING CO. LTD (S20)?
Our model-based price target is the fair value of 2.42 SGD (as of Sep 27, 2026) from 12 valuation models. Cautious scenario 1.67 SGD, optimistic scenario 3.27 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the STRAITS TRADING CO. LTD stock forecast for 2026?
Our models put fair value at 2.42 SGD, about +60% upside versus a price of 1.51 SGD (undervalued). Cautious scenario 1.67 SGD, optimistic scenario 3.27 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of STRAITS TRADING CO. LTD (S20)?
STRAITS TRADING CO. LTD reported trailing-twelve-month revenue of about 678M SGD (latest available figure, as of Sep 27, 2026).
Does STRAITS TRADING CO. LTD pay a dividend?
STRAITS TRADING CO. LTD currently shows a dividend yield of about 5.30% relative to its recent price (as of Sep 27, 2026).
What growth is priced into STRAITS TRADING CO. LTD (S20)?
For today's price to be fair in a discounted-cash-flow model, STRAITS TRADING CO. LTD would have to grow free cash flow by more than 80 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of S20 use?
Our models discount STRAITS TRADING CO. LTD at 9.7 %: a base by market capitalisation (small), damped by beta 0.51, country premium for Singapore. 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 STRAITS TRADING CO. LTD that is more than 80 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has STRAITS TRADING CO. LTD (S20) delivered so far?
Over the past 5 years revenue at STRAITS TRADING CO. LTD grew +10.0 % 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 STRAITS TRADING CO. LTD (S20) growing?
The median revenue growth in the sector is +6.3 % a year. That is the yardstick for the growth priced into STRAITS TRADING CO. LTD (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 STRAITS TRADING CO. LTD (S20)?
The free-cash-flow yield on the price is 0.11 %: that much free cash flow STRAITS TRADING CO. LTD produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of STRAITS TRADING CO. LTD (S20)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For STRAITS TRADING CO. LTD it is 2.42 SGD per share (as of Sep 27, 2026), against a price of 1.51 SGD. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is STRAITS TRADING CO. LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, S20 trades below its calculated fair value: price 1.51 SGD, fair value 2.42 SGD, a gap of about +60% (undervalued). 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 S20?
No. The price is what the market pays today (1.51 SGD); the fair value is what the company's own numbers justify (2.42 SGD). For STRAITS TRADING CO. LTD the two are 0.9060 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is STRAITS TRADING CO. LTD worth?
The market values STRAITS TRADING CO. LTD at about 780M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 1.51 SGD; our models calculate a fair value of 2.42 SGD per share.
What do the bullish and bearish scenarios say about S20?
Our models span a range for STRAITS TRADING CO. LTD: cautious scenario 1.67 SGD, base 2.42 SGD, optimistic 3.27 SGD per share (as of Sep 27, 2026, price 1.51 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of S20?
The PEG ratio of STRAITS TRADING CO. LTD is 3.00 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of STRAITS TRADING CO. LTD (S20)?
Balance-sheet figures for STRAITS TRADING CO. LTD (as of Sep 27, 2026): return on equity −15.5%, debt of 0.59 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is S20 from its 52-week high?
STRAITS TRADING CO. LTD trades at 1.51 SGD, about 16% below its 52-week high of 1.81 SGD and at the low of 1.51 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 2.42 SGD is for.
Which stocks are comparable to STRAITS TRADING CO. LTD?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, 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 STRAITS TRADING CO. LTD stock attractive at the current price?
The data as of Sep 27, 2026: price 1.51 SGD, calculated fair value 2.42 SGD (+60%), Quality Score 39/100, from 12 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 S20 calculated?
We run STRAITS TRADING CO. LTD through 12 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 2.42 SGD, 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. STRAITS TRADING CO. LTD currently trades 38 % below its own fair value, and the market average says nothing about that. 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 STRAITS TRADING CO. LTD (S20)?
The closing price on Oct 1, 2026 was 1.51 SGD. Our model-based fair value is 2.42 SGD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with STRAITS TRADING CO. LTD right now?
The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1.67 SGD). The market is more pessimistic than our downside scenario. A fairly wide model range (1.67 SGD to 3.27 SGD) leaves room in how you read the outcome.
Key figures of STRAITS TRADING CO. LTD
How large is the market capitalisation of STRAITS TRADING CO. LTD (S20)?
The market capitalisation of STRAITS TRADING CO. LTD is 780M SGD (≈ $609M). 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 STRAITS TRADING CO. LTD (S20)?
The price-to-sales ratio of STRAITS TRADING CO. LTD is 1.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of STRAITS TRADING CO. LTD (S20)?
Earnings per share at STRAITS TRADING CO. LTD are −0.5400 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of STRAITS TRADING CO. LTD (S20)?
The dividend yield of STRAITS TRADING CO. LTD is 5.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of STRAITS TRADING CO. LTD (S20)?
The net margin of STRAITS TRADING CO. LTD is −40.0% (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 STRAITS TRADING CO. LTD (S20)?
The return on equity (ROE) of STRAITS TRADING CO. LTD is −15.5% (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 STRAITS TRADING CO. LTD (S20)?
On an EBIT basis the return on assets of STRAITS TRADING CO. LTD is 1.7% (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 STRAITS TRADING CO. LTD (S20)?
The operating margin of STRAITS TRADING CO. LTD is 12.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at STRAITS TRADING CO. LTD (S20)?
Revenue at STRAITS TRADING CO. LTD is growing +11.6% versus a year earlier (3y avg +5.7%). 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 STRAITS TRADING CO. LTD (S20)?
Earnings per share at STRAITS TRADING CO. LTD are growing −63.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does STRAITS TRADING CO. LTD (S20) carry?
The net debt of STRAITS TRADING CO. LTD is 888M 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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