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STRAITS TRADING CO. LTD (S20) Fair Value & Analysis

Basic Materials · SG · Market cap 780M SGD

ST STRAITS TRADING CO. LTD S20 · SG
Price1.61 SGD
Fair Value0.9200 SGD
Upside-42.9%
Quality39/100
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Mixed Growth
Loss-making · -36.7% net margin
Moderate debt · generates free cash flow
4.88% dividend yield
Mixed vs. peers (8/14)
Narrow moat 19/100
Evidence: Medium Range 0.6600 SGD – 1.70 SGD Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.4600 SGD to 0.9200 SGD (+100.0%) since Aug 9, 2026. Share price +0.6% over the past month.

Below-average quality, and screening another 43% overvalued on our models.

What matters now

  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (0.6600 SGD to 1.70 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2.52 SGD 1.16 SGD Fair Value 0.9200 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 1.16 SGD – 2.52 SGD · fair‑value band 0.6600 SGD – 1.70 SGD · the 1.61 SGD price screens above the 0.9200 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

STRAITS TRADING CO. LTD (S20) currently trades at 1.61 SGD, while our model-based Fair Value estimate is 0.9200 SGD, implying the stock looks roughly 42.9% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, STRAITS TRADING CO. LTD generated revenue of 678M SGD at a net margin of -36.7%. Revenue grew 11.6% year over year. It earns a return on equity of -15.5%. Net debt stands at 888M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.6600 SGD (bear case) to 1.70 SGD (bull case); at 1.61 SGD, the current price sits within 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 11% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -42% fair-value upside, at -43%, S20 screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.0300 SGD to 1.73 SGD). Read the values as a conservative anchor, not as a price target.
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
ROIC Compounder 0.2400 SGD 0.3400 SGD 0.4200 SGD 72
EPV 0.2400 SGD 0.3400 SGD 0.4200 SGD 59
EV/EBITDA 0.4400 SGD 0.7600 SGD 1.07 SGD 54
All 10 models by family
DCF Models
5Y Revenue Exit 0.0100 SGD 0.4100 SGD 0.9100 SGD 39
5Y EBITDA Exit 0.3500 SGD 0.7700 SGD 41
10Y Revenue Exit 0.0600 SGD 0.4400 SGD 36
10Y EBITDA Exit 0.0300 SGD 0.3500 SGD 37
Earnings-Based
EPV 0.2400 SGD 0.3400 SGD 0.4200 SGD 59
Multiples
EV/EBIT 0.5800 SGD 0.9500 SGD 1.31 SGD 53
EV/EBITDA 0.4400 SGD 0.7600 SGD 1.07 SGD 54
EV/Revenue 0.4300 SGD 0.8400 SGD 1.25 SGD 43
Asset-Based
NCAV (Graham) 1.29 SGD 1.73 SGD 2.58 SGD 50
Economic Profit
ROIC Compounder 0.2400 SGD 0.3400 SGD 0.4200 SGD 72

Widest divergence: Asset-Based (1.73 SGD) versus DCF Models (0.0600 SGD). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 678M SGD
Revenue growth (YoY) +11.6%
Net margin -36.7%
Return on equity -15.5%
Free cash flow 784K SGD FY2025
Operating margin 12.1%
More key figures
EPS (TTM) -0.5400 SGD
Dividend yield 4.9%
EPS growth (YoY) -63.6%
Net debt 888M SGD FY2025

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 59

Profitability 3
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 55
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
623M SGD
Latest YoY
+10.4%
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.
+5.7%
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.
+10.0%
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.
−1.6%
Revenue +12.0%/yr
FY21 397M SGD
FY22 528M SGD
FY23 492M SGD
FY24 565M SGD
FY25 623M SGD
Net income
FY21 234M SGD
FY22 551M SGD
FY23 −28.6M SGD
FY24 −7.2M SGD
FY25 −249M SGD

S20 screens 43% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "STRAITS TRADING CO. LTD Fair Value". https://www.fairvalue-calculator.com/stock/S20

Peer Group

Other Industrial Metals & Mining · 481 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 39 · Above median
Fair Value upside −43% · Below median
Return on assets 2% · Above median
Net margin (TTM) -37% · Bottom 25%
Operating margin (TTM) 12% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 4.9% · Above median
Debt / equity 0.59× · Higher than 75% of peers

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 0.90× · Cheaper than median
P/FCF 778.8× · Pricier than 75% of peers
EV/EBITDA 7.6× · Cheaper than median
PEG 3.00× · Pricier 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 0 · sector 0
FUTURE 58 · sector 23
PAST 0 · sector 0
HEALTH 70 · sector 96
DIVIDEND 98 · sector 38

VALUE 0: the price sits above our fair-value range.

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 745.46 MXN -48%
Rio Tinto Group RIO A$179.43 A$81.76 -54%
Grupo México, S.A. GMEXICOB 222.38 MXN 172.99 MXN -22%
Vale S.A VALEN 250.00 MXN 139.41 MXN -44%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥19.00 ¥19.80 +4%
China Tungsten And Hightech Materials Co 000657 ¥70.43 ¥9.55 -86%
Hindustan Zinc Limited HINDZINC ₹584.60 ₹501.98 -14%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥41.02 ¥10.59 -74%
Boliden AB BOL kr 527.80 kr 461.48 -13%

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Frequently asked questions

Is STRAITS TRADING CO. LTD (S20) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.9200 SGD versus a price of 1.61 SGD, about −43% (overvalued).
What is the fair value of S20?
Our model-based fair value for STRAITS TRADING CO. LTD is 0.9200 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.61 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 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 Aug 13, 2026).
What is the net profit margin of S20?
The net profit margin of STRAITS TRADING CO. LTD is about -36.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does STRAITS TRADING CO. LTD pay a dividend?
STRAITS TRADING CO. LTD currently shows a dividend yield of about 4.88% 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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