ENGRO CORPORATION LIMITED (S44) Fair Value & Analysis
Basic Materials · SG · Market cap 135M SGD
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 4 days ago
Fair value updated Aug 13, 2026, revised from 2.23 SGD to 1.14 SGD (−48.9%) since Aug 9, 2026. Share price +20.8% over the past month.
A solid business, but screening 21% overvalued on our models.
What matters now
- Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (0.8743 SGD to 1.58 SGD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 0.5992 SGD – 1.51 SGD · fair‑value band 0.8743 SGD – 1.58 SGD · the 1.45 SGD price screens above the 1.14 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
ENGRO CORPORATION LIMITED (S44) currently trades at 1.45 SGD, while our model-based Fair Value estimate is 1.14 SGD, implying the stock looks roughly 21.4% overvalued today. The Quality Score stands at 65/100 (solid 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: high).
Over the trailing twelve months, ENGRO CORPORATION LIMITED generated revenue of 253M SGD at a net margin of 7.1%. Revenue grew 42.7% year over year. It earns a return on equity of 6.7%. The stock trades on a trailing P/E of 9.7. Fundamentals as of Aug 13, 2026
Our scenario range runs from 0.8743 SGD (bear case) to 1.58 SGD (bull case); at 1.45 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 near its 52-week high and 101% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -21%, S44 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.
All 24 models by family
Widest divergence: Growth Earnings (2.49 SGD) versus Economic Profit (1.04 SGD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 93
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
EnGro Corporation Limited, an investment holding company, engages in the manufacture and sale of building materials and specialty polymers in Singapore, Malaysia, the People's Republic of China, and internationally. It operates through four segments: Cement and Building Materials, Specialty Polymer, Investments, and Food and Beverage.
Full company description
EnGro Corporation Limited, an investment holding company, engages in the manufacture and sale of building materials and specialty polymers in Singapore, Malaysia, the People's Republic of China, and internationally. It operates through four segments: Cement and Building Materials, Specialty Polymer, Investments, and Food and Beverage. The company manufactures and sells cement and other building materials. It also offers ordinary Portland and general-purpose cement; green cement; microfine cement; specialty cement, including ground granulated blastfurnace slag; and ready-mixed concrete. In addition, it manufactures and sells thermosetting synthetic resins and plastic materials for use in electrical, electronics, automotive, construction, civil engineering, household, consumer, packaging, and aerospace sectors. Further, the company trades in equity and debt securities, as well as holds investments in venture capital and investment funds, and unquoted equity securities. Additionally, it is involved in the operation of food and beverage outlets under franchise. The company was formerly known as SsangYong Cement (Singapore) Limited and changed its name to EnGro Corporation Limited in February 2005. EnGro Corporation Limited was incorporated in 1973 and is based in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ENGRO CORPORATION LIMITED reported revenue of 248M SGD in FY2025 versus 130M SGD in FY2021, a compound +17.6%/yr. Reported net income was 17.9M SGD in FY2025, compounding −22.9%/yr from FY2021.
S44 screens 21% overvalued. Compare with UltraTech Cement Limited →
Peer Group
Building Materials · 259 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.
Valuation Multiples vs Building Materials median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| UltraTech Cement Limited ULTRACEMCO | ₹11,891 | ₹4,718 | -60% |
| China Jushi Co 600176 | ¥43.31 | ¥13.22 | -69% |
| Grasim Industries Limited GRASIM | ₹3,308 | ₹1,245 | -62% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 12.27 MXN | -43% |
| Anhui Conch Cement Company 600585 | ¥17.49 | ¥26.14 | +49% |
| Ambuja Cements Limited AMBUJACEM | ₹421.00 | ₹216.73 | -49% |
| Shree Cement Limited SHREECEM | ₹25,570 | ₹8,215 | -68% |
| TCC Group 1101B | 43.15 TWD | 9.76 TWD | -77% |
| Taiwan Glass Ind. Corp 1802 | 57.60 TWD | 13.98 TWD | -76% |
| J.K. Cement Limited JKCEMENT | ₹5,349 | ₹2,184 | -59% |
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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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