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Tat Seng Packaging Group (T12) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 163M SGD

TS Tat Seng Packaging Group T12 · SG
Price1.04 SGD
Fair Value1.83 SGD
Upside+76.0%
Quality70/100
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Evidence: High Range 1.37 SGD – 2.26 SGD

Fair value as of: Jul 4, 2026

From 22 valuation models · updated today

Share price +1.0% over the past month.

Price vs Fair Value (12 months)

1.25 SGD 0.6340 SGD Fair Value 1.83 SGD Jul 2025 Jul 2026

12‑month range 0.6340 SGD – 1.25 SGD · fair‑value band 1.37 SGD – 2.26 SGD · the 1.04 SGD price screens below the 1.83 SGD fair value. As of Jul 4, 2026.

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Analysis

Tat Seng Packaging Group (T12) currently trades at 1.04 SGD, while our model-based Fair Value estimate is 1.83 SGD — implying the stock looks roughly 76.0% undervalued today. We read business quality at 70/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Tat Seng Packaging Group generated revenue of 231M SGD at a net margin of 7.3%. Revenue declined 5.0% year over year. It earns a return on equity of 8.2%. The stock trades on a trailing P/E of 9.5. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 231M SGD
Revenue growth (YoY) -5.0%
Net margin 7.3%
Return on equity 8.2%
Free cash flow 17.8M SGD FY2025
P/E ratio 9.5
More key figures
Operating margin 8.6%
EPS (TTM) 0.1100 SGD
Dividend yield 5.9%
EPS growth (YoY) +12.6%

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Tat Seng Packaging Group Ltd, together with its subsidiaries, designs, manufactures, and sells corrugated paper products and other packaging products in Singapore and the People's Republic of China. The company offers regular slotted carton boxes, die-cut carton boxes, offset-printed boxes, corrugated partition pads/layer pads, corrugated boards, and heavy duty corrugated products. It also provides other packaging-related or customized products, such as tapes, stretch films, foams, and edge board protectors; and paper pallets for storage and transport requirements. In addition, the company serves multi-national corporations and local manufacturers in the food and beverage, electronics and electrical, pharmaceutical and chemical, plastic and metal stamping, and other exporting related industries. The company was formerly known as Tat Seng Paper Containers Pte Ltd. and changed its name to Tat Seng Packaging Group Ltd in 2001. Tat Seng Packaging Group Ltd was founded in 1968 and is …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tat Seng Packaging Group reported revenue of 231M SGD in FY2025 versus 368M SGD in FY2021, a compound −10.9%/yr. Reported net income was 16.9M SGD in FY2025, compounding −7.7%/yr from FY2021.

Revenue −10.9%/yr
FY21 368M SGD
FY22 336M SGD
FY23 259M SGD
FY24 254M SGD
FY25 231M SGD
Net income −7.7%/yr
FY21 23.3M SGD
FY22 20.7M SGD
FY23 18.8M SGD
FY24 18.8M SGD
FY25 16.9M SGD

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Similar stocks

6 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
Smurfit Kappa Group SMFTF $44.20 $27.40 -38%
Smurfit Westrock Plc, SW $45.39 $26.28 -42%
Packaging Corporation PKG $222.82 $105.48 -53%
International Paper Company IP $36.89 $84.00 +128%
Amcor plc AMCR $38.17 $17.00 -55%
Ball Corporation B1LL34 R$146.83 R$18.44 -87%

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Frequently asked questions

Is Tat Seng Packaging Group (T12) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 1.83 SGD versus a price of 1.04 SGD — about +76% (undervalued). Model-based estimate, not financial advice.
What is the fair value of T12?
Our model-based fair value for Tat Seng Packaging Group is 1.83 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 1.04 SGD.
What is the quality score of T12?
Tat Seng Packaging Group has a Quality Score of 70/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tat Seng Packaging Group (T12)?
Tat Seng Packaging Group reported trailing-twelve-month revenue of about 231M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of T12?
The net profit margin of Tat Seng Packaging Group is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
Does Tat Seng Packaging Group pay a dividend?
Tat Seng Packaging Group currently shows a dividend yield of about 5.88% relative to its recent price (as of Jul 4, 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.

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