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Singapore Exchange Limited (SPXCY) Fair Value & Analysis

Financial Services · US · Market cap $19.9B

SE Singapore Exchange Limited logo Singapore Exchange Limited SPXCY · US
Price$36.48
Fair Value$12.14
Upside-66.7%
Quality85/100
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Evidence: High Range $9.11 – $23.49 📤 Share as image

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 28 days ago

Fair value updated Jun 26, 2026, revised from $12.12 to $12.14 (+0.2%) since Jun 24, 2026. Share price +0.2% over the past month.

Price vs Fair Value (12 months)

$37.93 $23.71 Fair Value $12.14 Jul 2025 Jul 2026

12‑month range $23.71 – $37.93 · fair‑value band $9.11 – $23.49 · the $36.48 price screens above the $12.14 fair value. As of Jun 26, 2026.

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Analysis

Singapore Exchange Limited (SPXCY) currently trades at $36.48, while our model-based Fair Value estimate is $12.14, implying the stock looks roughly 66.7% overvalued today. We read business quality at 85/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Singapore Exchange Limited generated revenue of $1.4B at a net margin of 45.7%. Revenue grew 7.9% year over year. It earns a return on equity of 30.1%. The balance sheet holds a net cash position of $442M. Fundamentals as of Jun 26, 2026

Our scenario range runs from $9.11 (bear case) to $23.49 (bull case); at $36.48, the current price sits above that range. The share trades about 5% below its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -54% fair-value upside, at -67%, SPXCY screens richer than that median.

Key figures & financial health

Revenue (TTM) $1.4B
Revenue growth (YoY) +7.9%
Net margin 45.7%
Return on equity 30.1%
Free cash flow $774M FY2025
P/E ratio 39.5
More key figures
Operating margin 57.7%
EPS (TTM) $0.9400
Dividend yield 1.8%
EPS growth (YoY) +0.9%
Net cash $442M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Singapore Exchange Limited, an investment holding, engages in the operation of integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore. It operates through Fixed Income, Currencies and Commodities; Equities " Cash; Equities " Derivatives; and Platform and Others segments. The company offers treasury management; management and administrative services to related corporations; market data and technology connectivity services; fixed income issuer, derivatives and securities trading, clearing, securities settlement, and collateral and depository management services. It also provides various services associated with the platform businesses, including market data, connectivity, indices, and membership subscription. In addition, the company is involved in the provision and distribution of bulk freight market indices and information, index administration and related services, and operation of electronic foreign exchange (FX) trading …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Singapore Exchange Limited reported revenue of $1.4B in FY2025 versus $1.1B in FY2021, a compound +6.7%/yr. Reported net income was $648M in FY2025, compounding +9.8%/yr from FY2021.

Revenue +6.7%/yr
FY21 $1.1B
FY22 $1.1B
FY23 $1.2B
FY24 $1.2B
FY25 $1.4B
Net income +9.8%/yr
FY21 $445M
FY22 $451M
FY23 $571M
FY24 $598M
FY25 $648M

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Cite: Fair Value Calculator (2026). "Singapore Exchange Limited Fair Value". https://www.fairvalue-calculator.com/stock/SPXCY

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.

Similar stocks

10 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
S&P Global Inc SPGI $424.44 $185.83 -56%
CME Group CME $256.06 $117.90 -54%
Moody's Corporation MCO $447.33 $194.74 -56%
Intercontinental Exchange, Inc ICE $142.06 $66.39 -53%
Hong Kong Exchanges and Clearing Limited 0388 HK$371.00 HK$182.59 -51%
London Stock Exchange Group LDNXF $110.00 $69.39 -37%
Deutsche Börse AG DB1 €246.80 €129.13 -48%
Nasdaq, Inc NDAQ $86.72 $36.28 -58%
MSCI Inc MSCI $544.56 $214.91 -61%
Coinbase Global, Inc COIN 2,709 MXN 126.29 MXN -95%

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Frequently asked questions

Is Singapore Exchange Limited (SPXCY) undervalued?
As of Jun 26, 2026, our model estimates a fair value of $12.14 versus a price of $36.48, about −67% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SPXCY?
Our model-based fair value for Singapore Exchange Limited is $12.14 (as of Jun 26, 2026), built from audited fundamentals. The current price is $36.48.
What is the quality score of SPXCY?
Singapore Exchange Limited has a Quality Score of 85/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Singapore Exchange Limited (SPXCY)?
Singapore Exchange Limited reported trailing-twelve-month revenue of about $1.4B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of SPXCY?
The net profit margin of Singapore Exchange Limited is about 45.7%, meaning it keeps roughly 45.7% of revenue as net income. Based on the latest reported figures.
Does Singapore Exchange Limited pay a dividend?
Singapore Exchange Limited currently shows a dividend yield of about 1.82% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.