SINGAPURA FINANCE LTD (S23) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of SINGAPURA FINANCE LTD S$1.11, price S$0.79, upside +40.5%, quality 61 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 27, 2026.
How to read this chart
60‑month range 0.5835 SGD – 0.8250 SGD · the 0.7900 SGD price screens below the 1.11 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Singapura Finance Ltd, together with its subsidiaries, provides deposit and financing services for individuals and businesses in Singapore.
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Singapura Finance Ltd, together with its subsidiaries, provides deposit and financing services for individuals and businesses in Singapore. The company offers savings, fixed deposits, and business and current accounts; housing loans for HDB and private residential; mortgage loans for private residential, commercial, and industrial properties; pleasure craft loans; equipment and machinery, motor vehicle, medical practice, corporate secured, syndicated, land and construction, and vessel loans; block discounting and floor stock financing; green financing; and safe deposit boxes. It also provides nominee, estate agency, and management services. Singapura Finance Ltd was founded in 1950 and is based in Singapore.
Stock analysis
SINGAPURA FINANCE LTD (S23) currently trades at 0.7900 SGD, while our model-based Fair Value estimate is 1.11 SGD, implying the stock looks roughly 28.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.20 SGD per share, and 9 of the 10 models we run sit above the 0.7900 SGD price.
Bear case: the Multiples group reads lowest at 0.7500 SGD, and 1 of the 10 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SINGAPURA FINANCE LTD reported revenue of 29.3M SGD in FY2025 versus 25.5M SGD in FY2021, a compound +3.6%/yr. Reported net income was 9.2M SGD in FY2025, compounding −1.2%/yr from FY2021.
Key figures
Market cap 125M SGD (≈ $98.0M) · P/E ratio 0.2 · P/S ratio 0.08 · EPS (TTM) 3.25 SGD · Dividend yield 2.5% · Net margin 31.2% · Return on equity 4.5% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at 41%, S23 screens cheaper than that median.
Fair Value models
Bear 1.11 SGDFair Value 1.11 SGDBull 1.11 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.44 SGD 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+24.0%
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.
+3.2%
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.
+7.3%
Start year 2020 (pandemic)
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.
+3.1%
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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.
+6.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.1%
Dividend (yield on the price)2.5%
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.4.1% vs 16.7%, slowing
Profit margin 2014 to 2019 ⓘ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.26% → 44%
Start year 2020 (pandemic)
Growth Forecast
Little 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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
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.Credit Services · 329 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+40.5% · Above median
Profitability
Return on equity (TTM)4.5% · Below median
Return on assets0.7% · Below median
Net margin (TTM)37.0% · Above median
Operating margin (TTM)42.6% · Above median
Growth and dividend
Revenue growth13.8% · Above median
Dividend yield (TTM)2.5% · Below median
Valuation Multiplesvs Credit Services median · lower = cheaper
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Is SINGAPURA FINANCE LTD (S23) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 1.11 SGD versus a price of 0.7900 SGD, about +41% upside (undervalued).
What is the fair value of S23?
Our model-based fair value for SINGAPURA FINANCE LTD is 1.11 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.7900 SGD.
What is the quality score of S23?
SINGAPURA FINANCE LTD has a Quality Score of 61/100. 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 SINGAPURA FINANCE LTD (S23)?
Our model-based price target is the fair value of 1.11 SGD (as of Sep 27, 2026) from 10 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the SINGAPURA FINANCE LTD stock forecast for 2026?
Our models put fair value at 1.11 SGD, about +41% upside versus a price of 0.7900 SGD (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of SINGAPURA FINANCE LTD (S23)?
SINGAPURA FINANCE LTD reported trailing-twelve-month revenue of about 31.6M SGD (latest available figure, as of Sep 27, 2026).
Does SINGAPURA FINANCE LTD pay a dividend?
SINGAPURA FINANCE LTD currently shows a dividend yield of about 2.53% relative to its recent price (as of Sep 27, 2026).
What growth is priced into SINGAPURA FINANCE LTD (S23)?
For today's price to be fair in a discounted-cash-flow model, SINGAPURA FINANCE LTD would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of S23 use?
Our models discount SINGAPURA FINANCE LTD at 11.0 %: a base by market capitalisation (micro), damped by beta 0.09, 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 SINGAPURA FINANCE LTD that is less than minus 40 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has SINGAPURA FINANCE LTD (S23) delivered so far?
Over the past 5 years revenue at SINGAPURA FINANCE LTD grew +7.3 % a year. The price currently implies less than minus 40 % 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 SINGAPURA FINANCE LTD (S23) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into SINGAPURA FINANCE LTD (less than minus 40 % 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 SINGAPURA FINANCE LTD (S23)?
The free-cash-flow yield on the price is 15.14 %: that much free cash flow SINGAPURA FINANCE LTD produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SINGAPURA FINANCE LTD (S23)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SINGAPURA FINANCE LTD it is 1.11 SGD per share (as of Sep 27, 2026), against a price of 0.7900 SGD. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is SINGAPURA FINANCE LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, S23 trades below its calculated fair value: price 0.7900 SGD, fair value 1.11 SGD, a gap of about +41% (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 S23?
No. The price is what the market pays today (0.7900 SGD); the fair value is what the company's own numbers justify (1.11 SGD). For SINGAPURA FINANCE LTD the two are 0.3200 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is SINGAPURA FINANCE LTD worth?
The market values SINGAPURA FINANCE LTD at about 125M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.7900 SGD; our models calculate a fair value of 1.11 SGD per share.
What is the P/E ratio of S23?
SINGAPURA FINANCE LTD trades at a price-to-earnings ratio of 0.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.11 SGD is built from several models across several years.
How solid is the balance sheet of SINGAPURA FINANCE LTD (S23)?
Balance-sheet figures for SINGAPURA FINANCE LTD (as of Sep 27, 2026): return on equity 4.5%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is S23 from its 52-week high?
SINGAPURA FINANCE LTD trades at 0.7900 SGD, about 4% below its 52-week high of 0.8250 SGD and 11% above the low of 0.7092 SGD (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 1.11 SGD is for.
Which stocks are comparable to SINGAPURA FINANCE LTD?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 SINGAPURA FINANCE LTD stock attractive at the current price?
The data as of Sep 27, 2026: price 0.7900 SGD, calculated fair value 1.11 SGD (+41%), Quality Score 61/100, from 10 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 S23 calculated?
We run SINGAPURA FINANCE LTD through 10 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 1.11 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. SINGAPURA FINANCE LTD currently trades 29 % 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 SINGAPURA FINANCE LTD (S23)?
The closing price on Sep 29, 2026 was 0.7900 SGD. Our model-based fair value is 1.11 SGD, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SINGAPURA FINANCE LTD right now?
The price is below even our cautious bear case (1.11 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of SINGAPURA FINANCE LTD
How large is the market capitalisation of SINGAPURA FINANCE LTD (S23)?
The market capitalisation of SINGAPURA FINANCE LTD is 125M SGD (≈ $98.0M). 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 SINGAPURA FINANCE LTD (S23)?
The price-to-sales ratio of SINGAPURA FINANCE LTD is 0.08 (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 SINGAPURA FINANCE LTD (S23)?
Earnings per share at SINGAPURA FINANCE LTD are 3.25 SGD (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SINGAPURA FINANCE LTD (S23)?
The dividend yield of SINGAPURA FINANCE LTD is 2.5% (payout 0.6%). 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 SINGAPURA FINANCE LTD (S23)?
The net margin of SINGAPURA FINANCE LTD is 31.2% (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 SINGAPURA FINANCE LTD (S23)?
The return on equity (ROE) of SINGAPURA FINANCE LTD is 4.5% (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 SINGAPURA FINANCE LTD (S23)?
On an EBIT basis the return on assets of SINGAPURA FINANCE LTD is 0.6% (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 SINGAPURA FINANCE LTD (S23)?
The operating margin of SINGAPURA FINANCE LTD is 42.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SINGAPURA FINANCE LTD (S23)?
Revenue at SINGAPURA FINANCE LTD is growing +13.8% versus a year earlier (3y avg +3.2%). 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 SINGAPURA FINANCE LTD (S23)?
Earnings per share at SINGAPURA FINANCE LTD are growing +76.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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