Singapore Telecommunications PK (SGAPY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Singapore Telecommunications PK $16.23, price $33.24, upside -51.2%, quality 62 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 29, 2026.
How to read this chart
60‑month range $13.04 – $40.48 · fair‑value band $16.23 – $27.07 · the $33.24 price screens above the $16.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally. It operates through Optus, Singtel Singapore, NCS, and Digital InfraCo segments.
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Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally. It operates through Optus, Singtel Singapore, NCS, and Digital InfraCo segments. The company provides mobile, equipment sales, fixed voice and data, satellite, ICT and managed services; pay television, content and digital services, and ICT services and sells equipments; and technology services to clients through its Gov+, Enterprise, and Telco+ groups. It also offers regional data center services under Nxera; satellite carrier services; and Paragon, a digital acceleration platform for 5G multi-access edge compute and cloud orchestration, as well as AI Cloud Service through RE:AI. In addition, the company offers services comprising insurance, my Singtel app, my smart network, GXS bank, dash, Singtel paylater, and telephony services. The company was incorporated in 1992 and is headquartered in Singapore.
Stock analysis
Singapore Telecommunications PK (SGAPY) currently trades at $33.24, while our model-based Fair Value estimate is $16.23, 51.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $44.50 per share, and 4 of the 24 models we run sit above the $33.24 price.
Bear case: the Growth DCF group reads lowest at $6.86, and 20 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $16.23 (bear) to $27.07 (bull), the price of $33.24 sits above 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 62/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Singapore Telecommunications PK reported revenue of 14.3B SGD in FY2026 versus 15.3B SGD in FY2022, a compound −1.8%/yr. Reported net income was 5.6B SGD in FY2026, compounding +30.2%/yr from FY2022.
Key figures
Market cap $55.0B · P/E ratio 12.8 · P/S ratio 5.03 · EPS (TTM) $2.60 · Dividend yield 4.3% · Net margin 39.3% · Return on equity 20.6% · Return on assets (EBIT) 2.6%.
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 18% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −51%, SGAPY screens richer than that median.
Fair Value models
Bear $16.23Fair Value $16.23Bull $27.07
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 2026 figures (about 6 months old). Earnings retained since then ($1.23 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.8%
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.
−0.8%
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.
−1.8%
Start year 2021 (pandemic). Over 10 years: −1.7% a year
Revenue growth 24 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.
+2.8%
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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. Basis: EBIT basis.
≈ +10.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.8%
Dividend (yield on the price)4.3%
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.38.8% vs 3.5%, picking up
Profit margin 2021 to 2026 ⓘ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.6% → 8%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 2.2%/yr over ~10Y (margins eroding too) ⓘ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.
⚠ Rate on operating basis: 2026 sits 152% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+14.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in SGD, Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about +12.2% a year for the price and +1.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Compare Singapore Telecommunications PK with another stock
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.Telecom Services · 230 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−49.2% · Bottom 25%
Profitability
Return on equity (TTM)20.6% · Top 25%
Return on assets1.9% · Below median
Net margin (TTM)39.3% · Top 25%
Operating margin (TTM)8.4% · Below median
Growth and dividend
Revenue growth4.6% · Above median
Dividend yield (TTM)4.3% · Above median
Balance sheet
Debt / equity0.37× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (TTM)12.8× · Cheaper than median
P/B2.47× · Pricier than median
P/S (TTM)4.94× · Priciest 25%
P/FCF30.4× · Priciest 25%
EV/EBITDA22.6× · Priciest 25%
PEG1.45× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 45
FUTURE (revenue growth)23· sector 20
PAST (return on equity)82· sector 34
HEALTH (low debt)82· sector 86
DIVIDEND (yield)86· sector 71
VALUE 0: the price sits above our fair-value range.
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 Singapore Telecommunications PK (SGAPY) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $16.23 versus a price of $33.24, about −51% upside (overvalued).
What is the fair value of SGAPY?
Our model-based fair value for Singapore Telecommunications PK is $16.23 (as of Sep 29, 2026), built from audited fundamentals. The current price: $33.24.
What is the quality score of SGAPY?
Singapore Telecommunications PK has a Quality Score of 62/100. 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 Singapore Telecommunications PK (SGAPY)?
Our model-based price target is the fair value of $16.23 (as of Sep 29, 2026) from 24 valuation models. Cautious scenario $16.23, optimistic scenario $27.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Singapore Telecommunications PK stock forecast for 2026?
Our models put fair value at $16.23, about −51% upside versus a price of $33.24 (overvalued). Cautious scenario $16.23, optimistic scenario $27.07. The calculation is refreshed regularly with new filings.
What is the revenue of Singapore Telecommunications PK (SGAPY)?
Singapore Telecommunications PK reported trailing-twelve-month revenue of about 14.3B SGD (latest available figure, as of Sep 29, 2026).
Does Singapore Telecommunications PK pay a dividend?
Singapore Telecommunications PK currently shows a dividend yield of about 4.29% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Singapore Telecommunications PK (SGAPY)?
For today's price to be fair in a discounted-cash-flow model, Singapore Telecommunications PK would have to grow free cash flow by +14.5 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.8 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of SGAPY use?
Our models discount Singapore Telecommunications PK at 8.1 %: a base by market capitalisation (large), damped by beta 0.26, country premium for USA. 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 Singapore Telecommunications PK that is +14.5 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Singapore Telecommunications PK (SGAPY) delivered so far?
Over the past 5 years revenue at Singapore Telecommunications PK grew -1.8 % a year. The price currently implies +14.5 % 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 Singapore Telecommunications PK (SGAPY) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Singapore Telecommunications PK (+14.5 % 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 Singapore Telecommunications PK (SGAPY)?
The free-cash-flow yield on the price is 3.29 %: that much free cash flow Singapore Telecommunications PK produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Singapore Telecommunications PK (SGAPY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Singapore Telecommunications PK it is $16.23 per share (as of Sep 29, 2026), against a price of $33.24. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Singapore Telecommunications PK stock overvalued or undervalued in 2026?
As of Sep 29, 2026, SGAPY trades above its calculated fair value: price $33.24, fair value $16.23, a gap of about −51% (overvalued). 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 SGAPY?
No. The price is what the market pays today ($33.24); the fair value is what the company's own numbers justify ($16.23). For Singapore Telecommunications PK the two are $17.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Singapore Telecommunications PK worth?
The market values Singapore Telecommunications PK at about $55.0B (market capitalisation, as of Sep 29, 2026). Per share that is $33.24; our models calculate a fair value of $16.23 per share.
What do the bullish and bearish scenarios say about SGAPY?
Our models span a range for Singapore Telecommunications PK: cautious scenario $16.23, base $16.23, optimistic $27.07 per share (as of Sep 29, 2026, price $33.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SGAPY?
Singapore Telecommunications PK trades at a price-to-earnings ratio of 12.8 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $16.23 is built from several models across several years. Other multiples: PEG 1.5, P/B 2.5, P/S 4.9, EV/EBITDA 22.6.
What is the PEG ratio of SGAPY?
The PEG ratio of Singapore Telecommunications PK is 1.45 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Singapore Telecommunications PK (SGAPY)?
Balance-sheet figures for Singapore Telecommunications PK (as of Sep 29, 2026): return on equity 20.6%, debt of 0.37 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SGAPY from its 52-week high?
Singapore Telecommunications PK trades at $33.24, about 18% below its 52-week high of $40.48 and 5% above the low of $31.78 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $16.23 is for.
Which stocks are comparable to Singapore Telecommunications PK?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Singapore Telecommunications PK stock attractive at the current price?
The data as of Sep 29, 2026: price $33.24, calculated fair value $16.23 (−51%), Quality Score 62/100, 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 SGAPY calculated?
We run Singapore Telecommunications PK 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 $16.23, 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. Singapore Telecommunications PK 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 Singapore Telecommunications PK (SGAPY)?
The closing price on Oct 2, 2026 was $33.24. Our model-based fair value is $16.23, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Singapore Telecommunications PK right now?
The price sits above even our optimistic bull case ($27.07). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Singapore Telecommunications PK (SGAPY) come from?
Earnings per share at Singapore Telecommunications PK grew −1.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share −2.3 %, EBIT margin −4.6 %, tax rate +0.6 %, residual (interest, one-offs) +5.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Singapore Telecommunications PK
How large is the market capitalisation of Singapore Telecommunications PK (SGAPY)?
The market capitalisation of Singapore Telecommunications PK is $55.0B. 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 Singapore Telecommunications PK (SGAPY)?
The price-to-sales ratio of Singapore Telecommunications PK is 5.03 (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 Singapore Telecommunications PK (SGAPY)?
Earnings per share at Singapore Telecommunications PK are $2.60 (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Singapore Telecommunications PK (SGAPY)?
The dividend yield of Singapore Telecommunications PK is 4.3% (payout 54.8%). 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 Singapore Telecommunications PK (SGAPY)?
The net margin of Singapore Telecommunications PK is 39.3% (fiscal year 2026). 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 Singapore Telecommunications PK (SGAPY)?
The return on equity (ROE) of Singapore Telecommunications PK is 20.6% (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 Singapore Telecommunications PK (SGAPY)?
On an EBIT basis the return on assets of Singapore Telecommunications PK is 2.6% (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 Singapore Telecommunications PK (SGAPY)?
The operating margin of Singapore Telecommunications PK is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Singapore Telecommunications PK (SGAPY)?
Revenue at Singapore Telecommunications PK is growing +4.6% versus a year earlier (3y avg −0.8%). 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 Singapore Telecommunications PK (SGAPY)?
Earnings per share at Singapore Telecommunications PK are growing −80.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Singapore Telecommunications PK (SGAPY) carry?
The net debt of Singapore Telecommunications PK is 8.2B SGD (fiscal year 2026, ≈ 3.5 yrs of FCF). 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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Broad data
Sep 29, 2026