ENGRO CORPORATION LIMITED (S44) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ENGRO CORPORATION LIMITED S$1.22, price S$1.25, upside -2.2%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch ENGRO CORPORATION LIMITED for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 0.5992 SGD – 1.51 SGD · fair‑value band 0.8845 SGD – 1.64 SGD · the 1.25 SGD price screens above the 1.22 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow ENGRO CORPORATION in your weekly email
Every Wednesday you see whether ENGRO CORPORATION is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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.
Stock analysis
ENGRO CORPORATION LIMITED (S44) currently trades at 1.25 SGD, while our model-based Fair Value estimate is 1.22 SGD, so the stock looks roughly fairly valued today (gap 2.3%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.49 SGD per share, and 22 of the 24 models we run sit above the 1.25 SGD price.
Bear case: the Economic Profit group reads lowest at 1.04 SGD, and 2 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.8845 SGD (bear) to 1.64 SGD (bull), the price of 1.25 SGD sits inside 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 70/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 148M SGD (≈ $116M) · P/E ratio 3.3 · P/S ratio 0.24 · EPS (TTM) 0.3800 SGD · Dividend yield 2.4% · Net margin 7.2% · Return on equity 15.9% · Return on assets (EBIT) 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −2%, S44 screens cheaper than that median.
Fair Value models
Bear 0.8845 SGDFair Value 1.22 SGDBull 1.64 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 (0.2637 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.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+33.5%
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.
+23.0%
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.
+20.6%
Start year 2020 (pandemic). Over 10 years: +3.2% 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.
+3.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−1.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.0%
Dividend (yield on the price)2.4%
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.−4.0% vs 12.0%, slowing
Profit margin 2020 to 2025 ⓘ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.−7% → 3%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−5.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −7.1% a year for the price.
Compare ENGRO CORPORATION LIMITED with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Building Materials · 248 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−2.2% · Above median
Profitability
Return on equity (TTM)6.7% · Above median
Return on assets2.3% · Below median
Net margin (TTM)7.1% · Above median
Operating margin (TTM)7.1% · Above median
Growth and dividend
Revenue growth42.7% · Top 25%
Dividend yield (TTM)2.4% · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is ENGRO CORPORATION LIMITED (S44) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 1.22 SGD versus a price of 1.25 SGD, about −2% upside (fairly valued).
What is the fair value of S44?
Our model-based fair value for ENGRO CORPORATION LIMITED is 1.22 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 1.25 SGD.
What is the quality score of S44?
ENGRO CORPORATION LIMITED has a Quality Score of 70/100. 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 ENGRO CORPORATION LIMITED (S44)?
Our model-based price target is the fair value of 1.22 SGD (as of Oct 2, 2026) from 24 valuation models. Cautious scenario 0.8845 SGD, optimistic scenario 1.64 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ENGRO CORPORATION LIMITED stock forecast for 2026?
Our models put fair value at 1.22 SGD, about −2% upside versus a price of 1.25 SGD (fairly valued). Cautious scenario 0.8845 SGD, optimistic scenario 1.64 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ENGRO CORPORATION LIMITED (S44)?
ENGRO CORPORATION LIMITED reported trailing-twelve-month revenue of about 327M SGD (latest available figure, as of Oct 2, 2026).
Does ENGRO CORPORATION LIMITED pay a dividend?
ENGRO CORPORATION LIMITED currently shows a dividend yield of about 2.40% relative to its recent price (as of Oct 2, 2026).
What growth is priced into ENGRO CORPORATION LIMITED (S44)?
For today's price to be fair in a discounted-cash-flow model, ENGRO CORPORATION LIMITED would have to grow free cash flow by -5.3 % 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 +20.6 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of S44 use?
Our models discount ENGRO CORPORATION LIMITED at 11.0 %: a base by market capitalisation (micro), damped by beta 0.15, 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 ENGRO CORPORATION LIMITED that is -5.3 % 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 ENGRO CORPORATION LIMITED (S44) delivered so far?
Over the past 5 years revenue at ENGRO CORPORATION LIMITED grew +20.6 % a year. The price currently implies -5.3 % 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 ENGRO CORPORATION LIMITED (S44) growing?
The median revenue growth in the sector is +6.4 % a year. That is the yardstick for the growth priced into ENGRO CORPORATION LIMITED (-5.3 % 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 ENGRO CORPORATION LIMITED (S44)?
The free-cash-flow yield on the price is 8.15 %: that much free cash flow ENGRO CORPORATION LIMITED 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 ENGRO CORPORATION LIMITED (S44)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ENGRO CORPORATION LIMITED it is 1.22 SGD per share (as of Oct 2, 2026), against a price of 1.25 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is ENGRO CORPORATION LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, S44 trades above its calculated fair value: price 1.25 SGD, fair value 1.22 SGD, a gap of about −2% (fairly valued). 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 S44?
No. The price is what the market pays today (1.25 SGD); the fair value is what the company's own numbers justify (1.22 SGD). For ENGRO CORPORATION LIMITED the two are 0.0280 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ENGRO CORPORATION LIMITED worth?
The market values ENGRO CORPORATION LIMITED at about 148M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 1.25 SGD; our models calculate a fair value of 1.22 SGD per share.
What do the bullish and bearish scenarios say about S44?
Our models span a range for ENGRO CORPORATION LIMITED: cautious scenario 0.8845 SGD, base 1.22 SGD, optimistic 1.64 SGD per share (as of Oct 2, 2026, price 1.25 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of S44?
ENGRO CORPORATION LIMITED trades at a price-to-earnings ratio of 3.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.22 SGD is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 4.4.
How solid is the balance sheet of ENGRO CORPORATION LIMITED (S44)?
Balance-sheet figures for ENGRO CORPORATION LIMITED (as of Oct 2, 2026): return on equity 6.7%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is S44 from its 52-week high?
ENGRO CORPORATION LIMITED trades at 1.25 SGD, about 17% below its 52-week high of 1.51 SGD and 39% above the low of 0.8997 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 1.22 SGD is for.
Which stocks are comparable to ENGRO CORPORATION LIMITED?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, UltraTech Cement Limited, 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 ENGRO CORPORATION LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 1.25 SGD, calculated fair value 1.22 SGD (−2%), Quality Score 70/100, from 24 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 S44 calculated?
We run ENGRO CORPORATION LIMITED through 24 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 1.22 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. ENGRO CORPORATION LIMITED itself currently trades above fair value. 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 ENGRO CORPORATION LIMITED (S44)?
The closing price on Oct 1, 2026 was 1.25 SGD. Our model-based fair value is 1.22 SGD, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ENGRO CORPORATION LIMITED right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (0.8845 SGD to 1.64 SGD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ENGRO CORPORATION LIMITED
How large is the market capitalisation of ENGRO CORPORATION LIMITED (S44)?
The market capitalisation of ENGRO CORPORATION LIMITED is 148M SGD (≈ $116M). 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 ENGRO CORPORATION LIMITED (S44)?
The price-to-sales ratio of ENGRO CORPORATION LIMITED is 0.24 (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 ENGRO CORPORATION LIMITED (S44)?
Earnings per share at ENGRO CORPORATION LIMITED are 0.3800 SGD (price ÷ EPS = P/E 3.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ENGRO CORPORATION LIMITED (S44)?
The dividend yield of ENGRO CORPORATION LIMITED is 2.4% (payout 7.9%). 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 ENGRO CORPORATION LIMITED (S44)?
The net margin of ENGRO CORPORATION LIMITED is 7.2% (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 ENGRO CORPORATION LIMITED (S44)?
The return on equity (ROE) of ENGRO CORPORATION LIMITED is 15.9% (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 ENGRO CORPORATION LIMITED (S44)?
On an EBIT basis the return on assets of ENGRO CORPORATION LIMITED is 2.9% (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 ENGRO CORPORATION LIMITED (S44)?
The operating margin of ENGRO CORPORATION LIMITED is 11.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ENGRO CORPORATION LIMITED (S44)?
Revenue at ENGRO CORPORATION LIMITED is growing +70.8% versus a year earlier (3y avg +23.0%). 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 ENGRO CORPORATION LIMITED (S44)?
Earnings per share at ENGRO CORPORATION LIMITED are growing +308% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch ENGRO CORPORATION LIMITED in the live analysis
One click puts ENGRO CORPORATION LIMITED on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
