Singer Thailand Public Company Limited (SINGER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Singer Thailand Public Company Limited stock THB 2.57, price THB 13.20, that is 80.5% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 8, 2026.
How to read this chart
60‑month range 3.98 THB – 55.52 THB · fair‑value band 2.08 THB – 3.09 THB · the 13.20 THB price screens above the 2.57 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Singer Thailand Public Company Limited, together with its subsidiaries, distributes household electrical and commercial appliances in Thailand. The company operates through three segments: Trade Sales; Hire Purchase and Loans; and Service and Others.
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It offers household electrical appliances, such as sewing machines, kitchen appliances, vacuums cleaners and air purifiers, refrigerator, gas stove, washing machine, television, audio, fans, shower heaters, air conditioners, small appliances, and hair styling tools.
The company also provides commercial appliances comprising beverage coolers, food freezer, wine cellar, automatic coffee machine, security camera, snowy, soft serve ice cream machine, drinking water vending machine, top-up vending machine, coin- operated washing machine, and other commercial products; water pumps; and mobile phones.
In addition, the company engages in the life and non-life insurance brokerage business; trade sale and hire purchase of home appliances, electronic appliances, mobile phones, commercial products, and vehicles, as well as loan receivables with vehicle collateral and others.
Further, it provides repair and maintenance services for electronic appliances. The company sells its products under the Singer brand name through a network of branch outlets and sales representatives.
Singer Thailand Public Company Limited was founded in 1889 and is headquartered in Bangkok, Thailand.
Stock analysis
Singer Thailand Public Company Limited (SINGER) currently trades at 13.20 THB, while our model-based Fair Value estimate is 2.57 THB, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 11.83 THB per share, and 0 of the 10 models we run sit above the 13.20 THB price.
Bear case: the Earnings-Based group reads lowest at 1.61 THB, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.08 THB (bear) to 3.09 THB (bull), the price of 13.20 THB 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 65/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Singer Thailand Public Company Limited reported revenue of 3.4B THB in FY2025 versus 4.3B THB in FY2021, a compound −5.8%/yr. Reported net income was 105M THB in FY2025, compounding −37.8%/yr from FY2021.
Key figures
Market cap 10.8B THB (≈ $322M) Small · P/E ratio 26.4 · P/S ratio 2.70 · EPS (TTM) 0.5000 THB · Net margin 10.3% · Return on equity 3.6% · Return on assets (EBIT) 3.4% (5-year average) · Operating margin 26.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 214% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −3% fair-value upside, at −81%, SINGER screens richer than that median.
Fair Value models
Bear2.08 THBFair Value 2.57 THBBull3.09 THB
Price 13.20 THB · Downside -80.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.4288 THB 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.Coverage ⓘCoverage = 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.
What shareholders gained per year (last 5 years), in THB ⓘ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. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−30.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.8%
Dividend (yield on the price)0.0%
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.−34.4% vs −11.2%, slowing
Profit margin 2019 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.14% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 10.2%/yr over ~10Y (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.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+24.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +22.8% a year for the price.
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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.Credit Services · 282 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−80.5% · Bottom 25%
Profitability
Return on equity (12 months)3.6% · Bottom 25%
Return on assets0.6% · Bottom 25%
Net margin (12 months)10.3% · Bottom 25%
Operating margin (12 months)26.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)28.7% · Above median
Balance sheet
Debt / equity0.08× · Lowest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Singer Thailand Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SINGER
Frequently asked questions
Is Singer Thailand Public Company Limited (SINGER) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 2.57 THB versus a price of 13.20 THB, about 81% lower (overvalued).
What is the fair value of SINGER?
Our model-based fair value for Singer Thailand Public Company Limited is 2.57 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 13.20 THB.
What is the quality score of SINGER?
Singer Thailand Public Company Limited has a Quality Score of 65/100. 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 Singer Thailand Public Company Limited (SINGER)?
Our model-based price target is the fair value of 2.57 THB (as of Nov 8, 2026) from 10 valuation models. Cautious scenario 2.08 THB, optimistic scenario 3.09 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Singer Thailand Public Company Limited stock forecast for 2026?
Our models put fair value at 2.57 THB, about 81% lower versus a price of 13.20 THB (overvalued). Cautious scenario 2.08 THB, optimistic scenario 3.09 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Singer Thailand Public Company Limited (SINGER)?
Singer Thailand Public Company Limited reported trailing-twelve-month revenue of about 4.0B THB (latest available figure, as of Nov 8, 2026).
What growth is priced into Singer Thailand Public Company Limited (SINGER)?
For today's price to be fair in a discounted-cash-flow model, Singer Thailand Public Company Limited would have to grow free cash flow by +24.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SINGER use?
Our models discount Singer Thailand Public Company Limited at 11.6 %: a base by market capitalisation (small), damped by beta 0.50, country premium for Thailand. 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 Singer Thailand Public Company Limited that is +24.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Singer Thailand Public Company Limited (SINGER) delivered so far?
Over the past 5 years revenue at Singer Thailand Public Company Limited grew -0.7 % a year. The price currently implies free-cash-flow growth of +24.2 % per 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 Singer Thailand Public Company Limited (SINGER) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Singer Thailand Public Company Limited (+24.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Singer Thailand Public Company Limited (SINGER)?
The free-cash-flow yield on the price is 2.79 %: that much free cash flow Singer Thailand Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Singer Thailand Public Company Limited (SINGER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Singer Thailand Public Company Limited it is 2.57 THB per share (as of Nov 8, 2026), against a price of 13.20 THB. It is the blended result of 10 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Singer Thailand Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SINGER trades above its calculated fair value: price 13.20 THB, fair value 2.57 THB, a gap of about −81% (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 SINGER?
No. The price is what the market pays today (13.20 THB); the fair value is what the company's own numbers justify (2.57 THB). For Singer Thailand Public Company Limited the two are 10.63 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Singer Thailand Public Company Limited worth?
The market values Singer Thailand Public Company Limited at about 10.8B THB (market capitalisation, as of Nov 8, 2026). Per share that is 13.20 THB; our models calculate a fair value of 2.57 THB per share.
What do the bullish and bearish scenarios say about SINGER?
Our models span a range for Singer Thailand Public Company Limited: cautious scenario 2.08 THB, base 2.57 THB, optimistic 3.09 THB per share (as of Nov 8, 2026, price 13.20 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SINGER?
Singer Thailand Public Company Limited trades at a price-to-earnings ratio of 26.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.57 THB is built from several models across several years. Other multiples: P/B 0.8, P/S 2.7, EV/EBITDA 10.4.
How solid is the balance sheet of Singer Thailand Public Company Limited (SINGER)?
Balance-sheet figures for Singer Thailand Public Company Limited (as of Nov 8, 2026): return on equity 3.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is SINGER from its 52-week high?
Singer Thailand Public Company Limited trades at 13.20 THB, about 9% below its 52-week high of 14.50 THB and 214% above the low of 4.20 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.57 THB is for.
Which stocks are comparable to Singer Thailand Public Company Limited?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Singer Thailand Public Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price 13.20 THB, calculated fair value 2.57 THB (−81%), Quality Score 65/100, from 10 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 SINGER calculated?
We run Singer Thailand Public Company Limited through 10 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2.57 THB builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Singer Thailand Public Company 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 Singer Thailand Public Company Limited (SINGER)?
The closing price on Nov 6, 2026 was 13.20 THB. Our model-based fair value is 2.57 THB, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Singer Thailand Public Company Limited right now?
The price sits above even our optimistic bull case (3.09 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Singer Thailand Public Company Limited (SINGER) come from?
Earnings per share at Singer Thailand Public Company Limited grew −18.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −9.7 %, EBIT margin +1.7 %, tax rate −5.6 %, residual (interest, one-offs) −5.8 %. 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 Singer Thailand Public Company Limited
How large is the market capitalisation of Singer Thailand Public Company Limited (SINGER)?
The market capitalisation of Singer Thailand Public Company Limited is 10.8B THB (≈ $322M). 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 Singer Thailand Public Company Limited (SINGER)?
The price-to-sales ratio of Singer Thailand Public Company Limited is 2.70 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Singer Thailand Public Company Limited (SINGER)?
Earnings per share at Singer Thailand Public Company Limited are 0.5000 THB (price ÷ EPS = P/E 26.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Singer Thailand Public Company Limited (SINGER)?
The net margin of Singer Thailand Public Company Limited is 10.3% (last twelve months). 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 Singer Thailand Public Company Limited (SINGER)?
The return on equity (ROE) of Singer Thailand Public Company Limited is 3.6% (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 Singer Thailand Public Company Limited (SINGER)?
On an EBIT basis the return on assets of Singer Thailand Public Company Limited is 3.4% (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 Singer Thailand Public Company Limited (SINGER)?
The operating margin of Singer Thailand Public Company Limited is 26.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Singer Thailand Public Company Limited (SINGER)?
Revenue at Singer Thailand Public Company Limited is growing +28.7% versus a year earlier (3y avg −12.6%). 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 Singer Thailand Public Company Limited (SINGER)?
Earnings per share at Singer Thailand Public Company Limited are growing +610% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Singer Thailand Public Company Limited (SINGER) hold?
Singer Thailand Public Company Limited holds more cash than debt, 584M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026