SERIAL SYSTEM LTD (S69) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SERIAL SYSTEM LTD S$0.07, price S$0.06, upside +20.0%, quality 49 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 Oct 2, 2026.
How to read this chart
60‑month range 0.0394 SGD – 0.1474 SGD · fair‑value band 0.0540 SGD – 0.0900 SGD · the 0.0600 SGD price screens below the 0.0720 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.
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Serial System Ltd, an investment holding company, engages in the distribution of electronic and electrical components, and consumer products. It operates through three segments: Electronic Components Distribution, Consumer Products Distribution, and Other Businesses.
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Serial System Ltd, an investment holding company, engages in the distribution of electronic and electrical components, and consumer products. It operates through three segments: Electronic Components Distribution, Consumer Products Distribution, and Other Businesses. The company offers computers and peripherals, printers and accessories, laptops/notebooks, processors, motherboards, SSDs, DRAM, VGA and graphic cards, and printer ink and toner cartridges. It is involved in the trading and rental of investment properties; assembly and distribution of medical devices and ethylene oxide sterilization; trading and distribution of consumer and information technology (IT); and distribution and marketing of IT, computer peripherals, parts, software, and related products. In addition, the company offers hospitality and healthcare, and constructs communications and power lines. Further, it provides management, marketing, and administrative services; and managed print services, as well as supplies papers, toners, and printers. It serves consumer electronics, telecommunications, household appliances, industrial, electronics manufacturing services, security and surveillance, automotive, and medical industries. It operates in Singapore, Malaysia, Thailand, the Philippines, Indonesia, Vietnam, India, Hong Kong, China, South Korea, Taiwan, and Japan. The company was founded in 1988 and is headquartered in Singapore.
Stock analysis
SERIAL SYSTEM LTD (S69) currently trades at 0.0600 SGD, while our model-based Fair Value estimate is 0.0720 SGD, implying the stock looks roughly 16.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.2700 SGD per share, and 10 of the 15 models we run sit above the 0.0600 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.0300 SGD, and 5 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0540 SGD (bear) to 0.0900 SGD (bull), the price of 0.0600 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 49/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SERIAL SYSTEM LTD reported revenue of $860M in FY2025 versus $896M in FY2021, a compound −1.0%/yr. Reported net income was $2.3M in FY2025, compounding −32.6%/yr from FY2021.
Key figures
Market cap 54.3M SGD (≈ $42.5M) · P/E ratio 6.0 · P/S ratio 0.02 · EPS (TTM) 0.0100 SGD · Dividend yield 3.3% · Net margin 0.3% · Return on equity 2.8% · Return on assets (EBIT) 1.5%.
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 33% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 20%, S69 screens cheaper than that median.
Fair Value models
Bear 0.0540 SGDFair Value 0.0720 SGDBull 0.0900 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 (0.0060 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.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.1%
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.
−1.7%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: −3.4% 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.
+0.4%
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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.
−19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.3%
Dividend (yield on the price)3.3%
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.−22.3% vs −9.9%, 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.0% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 9.1%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Electronics & Computer Distribution · 155 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+20.0% · Above median
Profitability
Return on equity (TTM)2.8% · Bottom 25%
Return on assets1.7% · Below median
Net margin (TTM)0.4% · Bottom 25%
Operating margin (TTM)1.6% · Bottom 25%
Growth and dividend
Revenue growth28.1% · Above median
Dividend yield (TTM)3.3% · Above median
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Electronics & Computer Distribution 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.
Cite: Fair Value Calculator (2026). "SERIAL SYSTEM LTD Fair Value". https://www.fairvalue-calculator.com/stock/S69
Frequently asked questions
Is SERIAL SYSTEM LTD (S69) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 0.0720 SGD versus a price of 0.0600 SGD, about +20% upside (undervalued).
What is the fair value of S69?
Our model-based fair value for SERIAL SYSTEM LTD is 0.0720 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 0.0600 SGD.
What is the quality score of S69?
SERIAL SYSTEM LTD has a Quality Score of 49/100. 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 SERIAL SYSTEM LTD (S69)?
Our model-based price target is the fair value of 0.0720 SGD (as of Oct 2, 2026) from 15 valuation models. Cautious scenario 0.0540 SGD, optimistic scenario 0.0900 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the SERIAL SYSTEM LTD stock forecast for 2026?
Our models put fair value at 0.0720 SGD, about +20% upside versus a price of 0.0600 SGD (undervalued). Cautious scenario 0.0540 SGD, optimistic scenario 0.0900 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of SERIAL SYSTEM LTD (S69)?
SERIAL SYSTEM LTD reported trailing-twelve-month revenue of about $971M (latest available figure, as of Oct 2, 2026).
Does SERIAL SYSTEM LTD pay a dividend?
SERIAL SYSTEM LTD currently shows a dividend yield of about 3.33% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of SERIAL SYSTEM LTD (S69)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SERIAL SYSTEM LTD it is 0.0720 SGD per share (as of Oct 2, 2026), against a price of 0.0600 SGD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is SERIAL SYSTEM LTD stock overvalued or undervalued in 2026?
As of Oct 2, 2026, S69 trades below its calculated fair value: price 0.0600 SGD, fair value 0.0720 SGD, a gap of about +20% (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 S69?
No. The price is what the market pays today (0.0600 SGD); the fair value is what the company's own numbers justify (0.0720 SGD). For SERIAL SYSTEM LTD the two are 0.0120 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is SERIAL SYSTEM LTD worth?
The market values SERIAL SYSTEM LTD at about 54.3M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 0.0600 SGD; our models calculate a fair value of 0.0720 SGD per share.
What do the bullish and bearish scenarios say about S69?
Our models span a range for SERIAL SYSTEM LTD: cautious scenario 0.0540 SGD, base 0.0720 SGD, optimistic 0.0900 SGD per share (as of Oct 2, 2026, price 0.0600 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of S69?
SERIAL SYSTEM LTD trades at a price-to-earnings ratio of 6.0 (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 0.0720 SGD is built from several models across several years. Other multiples: PEG 1.2, P/B 0.3, P/S 0.0, EV/EBITDA 1.0.
What is the PEG ratio of S69?
The PEG ratio of SERIAL SYSTEM LTD is 1.19 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SERIAL SYSTEM LTD (S69)?
Balance-sheet figures for SERIAL SYSTEM LTD (as of Oct 2, 2026): return on equity 2.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is S69 from its 52-week high?
SERIAL SYSTEM LTD trades at 0.0600 SGD, about 33% below its 52-week high of 0.0897 SGD and 2% above the low of 0.0591 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0720 SGD is for.
Which stocks are comparable to SERIAL SYSTEM LTD?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, Inc, 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 SERIAL SYSTEM LTD stock attractive at the current price?
The data as of Oct 2, 2026: price 0.0600 SGD, calculated fair value 0.0720 SGD (+20%), Quality Score 49/100, from 15 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 S69 calculated?
We run SERIAL SYSTEM LTD through 15 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 0.0720 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. SERIAL SYSTEM LTD currently trades 17 % 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 SERIAL SYSTEM LTD (S69)?
The closing price on Oct 2, 2026 was 0.0600 SGD. Our model-based fair value is 0.0720 SGD, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SERIAL SYSTEM LTD right now?
Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of SERIAL SYSTEM LTD
How large is the market capitalisation of SERIAL SYSTEM LTD (S69)?
The market capitalisation of SERIAL SYSTEM LTD is 54.3M SGD (≈ $42.5M). 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 SERIAL SYSTEM LTD (S69)?
The price-to-sales ratio of SERIAL SYSTEM LTD is 0.02 (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 SERIAL SYSTEM LTD (S69)?
Earnings per share at SERIAL SYSTEM LTD are 0.0100 SGD (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SERIAL SYSTEM LTD (S69)?
The dividend yield of SERIAL SYSTEM LTD is 3.3% (payout 20.0%). 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 SERIAL SYSTEM LTD (S69)?
The net margin of SERIAL SYSTEM LTD is 0.3% (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 SERIAL SYSTEM LTD (S69)?
The return on equity (ROE) of SERIAL SYSTEM LTD is 2.8% (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 SERIAL SYSTEM LTD (S69)?
On an EBIT basis the return on assets of SERIAL SYSTEM LTD is 1.5% (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 SERIAL SYSTEM LTD (S69)?
The operating margin of SERIAL SYSTEM LTD is 1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SERIAL SYSTEM LTD (S69)?
Revenue at SERIAL SYSTEM LTD is growing +28.1% versus a year earlier (3y avg −1.7%). 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 SERIAL SYSTEM LTD (S69)?
Earnings per share at SERIAL SYSTEM LTD are growing +219% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SERIAL SYSTEM LTD (S69) generate?
The free cash flow of SERIAL SYSTEM LTD is −$2.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SERIAL SYSTEM LTD (S69) carry?
The net debt of SERIAL SYSTEM LTD is $148M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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