Sembcorp Marine Ltd (SMBMF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Sembcorp Marine Ltd $1.43, price $1.39, upside +3.0%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Sembcorp Marine Ltd
SMBMF · USLow PriorityFair Value upside is limited and quality is weak.
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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 27, 2026.
How to read this chart
60‑month range $0.8822 – $21.79 · fair‑value band $0.6400 – $1.86 · the $1.39 price screens below the $1.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
Seatrium Limited provides engineering solutions to the offshore, marine, and energy industries. It operates through Rigs & floaters, Repairs & upgrades, Offshore platforms and Specialised shipbuilding; Ship chartering; and Others segments.
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Seatrium Limited provides engineering solutions to the offshore, marine, and energy industries. It operates through Rigs & floaters, Repairs & upgrades, Offshore platforms and Specialised shipbuilding; Ship chartering; and Others segments. The company engages in the turnkey design, engineering, procurement, construction, and commissioning of offshore newbuilding and conversions; FSOs, FPSOs, FDPSOs, FPUs, and MOPUs; gas terminals, FLNGs, FSRUs, and Gravifloat; offshore oil and gas fixed platforms; onshore LNG and plant modules; jack-ups, semi-submersibles, and drill ships; and TLPs, SPARs, and SSP solutions. It is also involved in the dry-docking, repair, refurbishment, retrofitting, life-extension, upgrading, and conversion of offshore and marine vessels and structures; gas carriers; cruise ships, ferries, and yachts; floating production vessels; mobile offshore drilling units, jack-ups, and semi submersibles; heavy lift vessels; and specialized projects, including jumboisation and dejumboisation. In addition, the company offers turnkey engineering, procurement, construction, transportation, installation, offshore hook-up, commissioning, and brownfield solutions; high voltage direct current (HVDC) converter stations, high voltage alternating current (HVAC) substations, and wind turbine foundations; and wind turbine installation vessels, floating offshore wind turbines, floating wind-HVDC stations, and HVAC stations. Further, it provides specialized shipbuilding solutions comprising ferry, RoPax, cruise, renewable energy support, offshore support, naval support and security, and research and scientific survey vessels. Additionally, it engages in LNG and ammonia assets; clean tech and energy transition; energies and alternative fuel value chain solutions; and digitalisation solutions. The company was formerly known as Sembcorp Marine Ltd and changed its name to Seatrium Limited in April 2023. Seatrium Limited was incorporated in 1963 and is headquartered in Singapore.
Stock analysis
Sembcorp Marine Ltd (SMBMF) currently trades at $1.39, while our model-based Fair Value estimate is $1.43, so the stock looks roughly fairly valued today (gap 2.9%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $2.30 per share, and 18 of the 25 models we run sit above the $1.39 price.
Bear case: the Dividend Discount group reads lowest at $0.2300, and 7 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.6400 (bear) to $1.86 (bull), the price of $1.39 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 43/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sembcorp Marine Ltd reported revenue of 11.5B SGD in FY2025 versus 1.9B SGD in FY2021, a compound +57.5%/yr. Reported net income was 323M SGD in FY2025.
Key figures
Market cap $5.6B · P/E ratio 19.8 · P/S ratio 0.56 · EPS (TTM) $0.0700 · Dividend yield 2.2% · Net margin 2.8% · Return on equity 4.8% · Return on assets (EBIT) −3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at 3%, SMBMF screens cheaper than that median.
Fair Value models
All 25 models by family
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Set up alert →Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 40
Revenue & earnings trend
Growth Forecast
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Compare Sembcorp Marine Ltd with another stock
Price, fair value, quality and upside side by side.
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.Oil & Gas Equipment & Services · 188 stocks
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.
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| Halliburton Company HAL | $32.76 | $21.56 | −34% |
| Yantai Jereh Oilfield Services Group 002353 | ¥116.02 | ¥127.62 | +10% |
| Subsea 7 S.A SUBC | kr 324.80 | kr 251.18 | −23% |
| Saipem SpA SPM | €4.36 | €2.72 | −38% |
| Gaztransport & Technigaz SA GTT | €218.80 | €240.68 | +10% |
| China Oilfield Services Limited 601808 | ¥12.12 | ¥13.04 | +8% |
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