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SING INVESTMENTS & FINANCE LTD (S35) Fair Value & Analysis

Financial Services · SG · Market cap 366M SGD

SI SING INVESTMENTS & FINANCE LTD S35 · SG
Price1.56 SGD
Fair Value2.33 SGD
Upside+49.4%
Quality39/100
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Expensive Growth
Highly profitable · 52.3% net margin
Low debt · negative free cash flow
4.90% dividend yield
Ranks above peers (9/14)
Wide moat 68/100
Evidence: High Range 1.74 SGD – 2.91 SGD Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 5 days ago

Share price −1.3% over the past month.

Below-average quality, screening 49% undervalued on our models.

What matters 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 (1.74 SGD). The market is more pessimistic than our downside scenario.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

1.77 SGD 0.7073 SGD Fair Value 2.33 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 0.7073 SGD – 1.77 SGD · fair‑value band 1.74 SGD – 2.91 SGD · the 1.56 SGD price screens below the 2.33 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SING INVESTMENTS & FINANCE LTD (S35) currently trades at 1.56 SGD, while our model-based Fair Value estimate is 2.33 SGD, implying the stock looks roughly 49.4% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Financial Services 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, SING INVESTMENTS & FINANCE LTD generated revenue of 81.0M SGD at a net margin of 52.3%. Revenue grew 4.8% year over year. It earns a return on equity of 8.9%. The stock trades on a trailing P/E of 8.7. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.74 SGD (bear case) to 2.91 SGD (bull case); at 1.56 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 13% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at 49%, S35 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
Residual Income 1.67 SGD 1.76 SGD 1.90 SGD 76
P/E Multiple 1.75 SGD 2.33 SGD 2.91 SGD 63
P/B Multiple 2.20 SGD 2.94 SGD 3.67 SGD 55
All 7 models by family
DCF Models
Owner Earnings 2.45 SGD 3.69 SGD 5.56 SGD 31
Earnings-Based
Graham-Dodd 1.22 SGD 5.45 SGD 7.47 SGD 54
Lynch FV 1.42 SGD 2.03 SGD 2.64 SGD 50
Multiples
P/E Multiple 1.75 SGD 2.33 SGD 2.91 SGD 63
P/B Multiple 2.20 SGD 2.94 SGD 3.67 SGD 55
Asset-Based
NCAV (Graham) 1.05 SGD 1.41 SGD 2.10 SGD 50
Economic Profit
Residual Income 1.67 SGD 1.76 SGD 1.90 SGD 76

Widest divergence: DCF Models (3.69 SGD) versus Asset-Based (1.41 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 81.0M SGD
Revenue growth (YoY) +4.8%
Net margin 52.3%
Return on equity 8.9%
Free cash flow −57.1M SGD FY2025
P/E ratio 8.7
More key figures
Operating margin 61.8%
EPS (TTM) 0.1800 SGD
Dividend yield 4.9%
EPS growth (YoY) +1.9%

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 29 · Market factors (momentum, volatility) 65

Profitability 34
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 40
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

Sing Investments & Finance Limited provides financing and related nominee services to individuals and corporations in Singapore. The company offers fixed and savings deposits, current, GIRO saver, GoVault, and conveyancing accounts.

Full company description

Sing Investments & Finance Limited provides financing and related nominee services to individuals and corporations in Singapore. The company offers fixed and savings deposits, current, GIRO saver, GoVault, and conveyancing accounts. It provides housing, HDB, commercial property, car, share, shipping, land and construction, machinery, and unsecured business loans; SME/ corporate financing, such as commercial property loan, machinery loan, enterprise financing scheme (EFS), shipping loan, land and construction loan, accounts receivables/invoice factoring, block financing, and floor stock financing; and various e-services. Sing Investments & Finance Limited was incorporated in 1964 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SING INVESTMENTS & FINANCE LTD reported revenue of 130M SGD in FY2025 versus 75.6M SGD in FY2021, a compound +14.6%/yr. Reported net income was 42.3M SGD in FY2025, compounding +7.7%/yr from FY2021.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
130M SGD
Latest YoY
−1.8%
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.
+20.9%
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.
+8.1%
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.
+11.9%
Revenue +14.6%/yr
FY21 75.6M SGD
FY22 73.8M SGD
FY23 119M SGD
FY24 133M SGD
FY25 130M SGD
Net income +7.7%/yr
FY21 31.4M SGD
FY22 37.2M SGD
FY23 33.2M SGD
FY24 36.3M SGD
FY25 42.3M SGD

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Cite: Fair Value Calculator (2026). "SING INVESTMENTS & FINANCE LTD Fair Value". https://www.fairvalue-calculator.com/stock/S35

Peer Group

Credit Services · 334 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 36 · Bottom 25%
Fair Value upside +49% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 1% · Below median
Net margin (TTM) 52% · Top 25%
Operating margin (TTM) 62% · Top 25%
Revenue growth 5% · Below median
Dividend yield (TTM) 4.9% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 8.7× · Cheaper than median
P/B 0.58× · Cheaper than median
P/S (TTM) 3.54× · Pricier than median
EV/EBITDA 4.9× · Cheaper than 75% of peers
PEG 2.58× · 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 99 · sector 33
FUTURE 24 · sector 39
PAST 35 · sector 32
HEALTH 100 · sector 59
DIVIDEND 98 · sector 58

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

Stock Price Fair Value vs Fair Value
Visa Inc V $359.42 $198.27 -45%
Mastercard Incorporated MA $561.44 $221.87 -60%
Bajaj Finance Limited BAJFINANCE ₹1,093 ₹397.70 -64%
Shriram Finance Limited SHRIRAMFIN ₹1,117 ₹553.83 -50%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,918 ₹796.52 -58%
Tata Capital Limited TATACAP ₹367.05 ₹149.40 -59%
Power Finance Corporation PFC ₹376.50 ₹615.85 +64%
Muthoot Finance Limited MUTHOOTFIN ₹2,876 ₹3,429 +19%
Indian Railway Finance Corporation IRFC ₹88.35 ₹69.72 -21%
REC Limited RECLTD ₹346.00 ₹692.00 +100%

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Frequently asked questions

Is SING INVESTMENTS & FINANCE LTD (S35) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.33 SGD versus a price of 1.56 SGD, about +49% (undervalued).
What is the fair value of S35?
Our model-based fair value for SING INVESTMENTS & FINANCE LTD is 2.33 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.56 SGD.
What is the quality score of S35?
SING INVESTMENTS & FINANCE 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 SING INVESTMENTS & FINANCE LTD (S35)?
SING INVESTMENTS & FINANCE LTD reported trailing-twelve-month revenue of about 81.0M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of S35?
The net profit margin of SING INVESTMENTS & FINANCE LTD is about 52.3%, meaning it keeps roughly 52.3% of revenue as net income. Based on the latest reported figures.
Does SING INVESTMENTS & FINANCE LTD pay a dividend?
SING INVESTMENTS & FINANCE LTD currently shows a dividend yield of about 4.90% 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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