RH PETROGAS LIMITED (T13) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of RH PETROGAS LIMITED S$0.10, price S$0.16, upside -37.5%, quality 56 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 Oct 2, 2026.
How to read this chart
60‑month range 0.1201 SGD – 0.4037 SGD · fair‑value band 0.0900 SGD – 0.1000 SGD · the 0.1600 SGD price screens above the 0.1000 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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RH PetroGas Limited, an investment holding company, engages in the exploration, development, and production of oil and gas resources in Indonesia.
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RH PetroGas Limited, an investment holding company, engages in the exploration, development, and production of oil and gas resources in Indonesia. It holds 70% working interests in the Kepala Burung production sharing contract (PSC) that covers an area of approximately 1,030 square kilometers; and the Salawati PSC covering a total area of 1,137 square kilometers onshore and offshore located in the Bird's Head area of Southwest Papua in eastern Indonesia. The company was formerly known as T8ri-M Technologies Singapore Limited and changed its name to RH PetroGas Limited in November 2009. RH PetroGas Limited was incorporated in 1987 and is headquartered in Singapore.
Stock analysis
RH PETROGAS LIMITED (T13) currently trades at 0.1600 SGD, while our model-based Fair Value estimate is 0.1000 SGD, 37.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.2700 SGD per share, and 13 of the 22 models we run sit above the 0.1600 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.0400 SGD, and 9 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0900 SGD (bear) to 0.1000 SGD (bull), the price of 0.1600 SGD 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 56/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
RH PETROGAS LIMITED reported revenue of $77.6M in FY2025 versus $82.5M in FY2021, a compound −1.5%/yr. Reported net income was $2.5M in FY2025, compounding −42.7%/yr from FY2021.
Key figures
Market cap 134M SGD (≈ $105M) · P/E ratio 16.0 · P/S ratio 0.52 · EPS (TTM) 0.0100 SGD · Dividend yield 1.3% · Net margin 3.3% · Return on equity 7.8% · Return on assets (EBIT) 26.2%.
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 40% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −38%, T13 screens richer than that median.
Fair Value models
Bear 0.0900 SGDFair Value 0.1000 SGDBull 0.1000 SGD
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 2025 figures (about 9 months old). Earnings retained since then (0.0060 SGD 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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−16.2%
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.
−9.6%
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.
+9.0%
Start year 2020 (pandemic). Over 10 years: +3.9% a year
Revenue growth 12 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.
−0.9%
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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.
−26.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.0%
Dividend (yield on the price)1.3%
Profit margin 2020 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.−1% → 8%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −14.5% a year for the price.
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.Oil & Gas E&P · 284 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−37.5% · Below median
Profitability
Return on equity (TTM)7.8% · Above median
Return on assets5.3% · Above median
Net margin (TTM)5.4% · Below median
Operating margin (TTM)38.6% · Above median
Growth and dividend
Revenue growth15.5% · Above median
Dividend yield (TTM)1.3% · Bottom 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/E (TTM)16.0× · Pricier than median
P/B1.77× · Pricier than median
P/S (TTM)1.28× · Cheapest 25%
P/FCF6.1× · Cheapest 25%
EV/EBITDA3.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)78· sector 74
PAST (return on equity)31· sector 15
HEALTH (low debt)100· sector 85
DIVIDEND (yield)25· sector 70
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 RH PETROGAS LIMITED (T13) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 0.1000 SGD versus a price of 0.1600 SGD, about −38% upside (overvalued).
What is the fair value of T13?
Our model-based fair value for RH PETROGAS LIMITED is 0.1000 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 0.1600 SGD.
What is the quality score of T13?
RH PETROGAS LIMITED has a Quality Score of 56/100. 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 RH PETROGAS LIMITED (T13)?
Our model-based price target is the fair value of 0.1000 SGD (as of Oct 2, 2026) from 22 valuation models. Cautious scenario 0.0900 SGD, optimistic scenario 0.1000 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the RH PETROGAS LIMITED stock forecast for 2026?
Our models put fair value at 0.1000 SGD, about −38% upside versus a price of 0.1600 SGD (overvalued). Cautious scenario 0.0900 SGD, optimistic scenario 0.1000 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of RH PETROGAS LIMITED (T13)?
RH PETROGAS LIMITED reported trailing-twelve-month revenue of about $81.4M (latest available figure, as of Oct 2, 2026).
Does RH PETROGAS LIMITED pay a dividend?
RH PETROGAS LIMITED currently shows a dividend yield of about 1.25% relative to its recent price (as of Oct 2, 2026).
What growth is priced into RH PETROGAS LIMITED (T13)?
For today's price to be fair in a discounted-cash-flow model, RH PETROGAS LIMITED would have to grow free cash flow by -12.4 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of T13 use?
Our models discount RH PETROGAS LIMITED at 11.0 %: a base by market capitalisation (micro), damped by beta 0.21, country premium for Singapore. 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 RH PETROGAS LIMITED that is -12.4 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has RH PETROGAS LIMITED (T13) delivered so far?
Over the past 5 years revenue at RH PETROGAS LIMITED grew +9.0 % a year. The price currently implies -12.4 % 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 RH PETROGAS LIMITED (T13) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into RH PETROGAS LIMITED (-12.4 % 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 RH PETROGAS LIMITED (T13)?
The free-cash-flow yield on the price is 16.36 %: that much free cash flow RH PETROGAS LIMITED produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of RH PETROGAS LIMITED (T13)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RH PETROGAS LIMITED it is 0.1000 SGD per share (as of Oct 2, 2026), against a price of 0.1600 SGD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is RH PETROGAS LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, T13 trades above its calculated fair value: price 0.1600 SGD, fair value 0.1000 SGD, a gap of about −38% (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 T13?
No. The price is what the market pays today (0.1600 SGD); the fair value is what the company's own numbers justify (0.1000 SGD). For RH PETROGAS LIMITED the two are 0.0600 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is RH PETROGAS LIMITED worth?
The market values RH PETROGAS LIMITED at about 134M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 0.1600 SGD; our models calculate a fair value of 0.1000 SGD per share.
What do the bullish and bearish scenarios say about T13?
Our models span a range for RH PETROGAS LIMITED: cautious scenario 0.0900 SGD, base 0.1000 SGD, optimistic 0.1000 SGD per share (as of Oct 2, 2026, price 0.1600 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of T13?
RH PETROGAS LIMITED trades at a price-to-earnings ratio of 16.0 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.1000 SGD is built from several models across several years. Other multiples: P/B 1.8, P/S 1.3, EV/EBITDA 3.3.
How solid is the balance sheet of RH PETROGAS LIMITED (T13)?
Balance-sheet figures for RH PETROGAS LIMITED (as of Oct 2, 2026): return on equity 7.8%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is T13 from its 52-week high?
RH PETROGAS LIMITED trades at 0.1600 SGD, about 40% below its 52-week high of 0.2658 SGD and 13% above the low of 0.1410 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1000 SGD is for.
Which stocks are comparable to RH PETROGAS LIMITED?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, 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 RH PETROGAS LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 0.1600 SGD, calculated fair value 0.1000 SGD (−38%), Quality Score 56/100, from 22 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 T13 calculated?
We run RH PETROGAS LIMITED through 22 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 0.1000 SGD, 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. RH PETROGAS 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 RH PETROGAS LIMITED (T13)?
The closing price on Oct 2, 2026 was 0.1600 SGD. Our model-based fair value is 0.1000 SGD, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RH PETROGAS LIMITED right now?
The price sits above even our optimistic bull case (0.1000 SGD). 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 (56/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (0.0900 SGD to 0.1000 SGD), unusually little disagreement for a valuation.
Key figures of RH PETROGAS LIMITED
How large is the market capitalisation of RH PETROGAS LIMITED (T13)?
The market capitalisation of RH PETROGAS LIMITED is 134M SGD (≈ $105M). 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 RH PETROGAS LIMITED (T13)?
The price-to-sales ratio of RH PETROGAS LIMITED is 0.52 (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 RH PETROGAS LIMITED (T13)?
Earnings per share at RH PETROGAS LIMITED are 0.0100 SGD (price ÷ EPS = P/E 16.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RH PETROGAS LIMITED (T13)?
The dividend yield of RH PETROGAS LIMITED is 1.3% (payout 20.0%). 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 RH PETROGAS LIMITED (T13)?
The net margin of RH PETROGAS LIMITED is 3.3% (fiscal year 2025). 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 RH PETROGAS LIMITED (T13)?
The return on equity (ROE) of RH PETROGAS LIMITED is 7.8% (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 RH PETROGAS LIMITED (T13)?
On an EBIT basis the return on assets of RH PETROGAS LIMITED is 26.2% (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 RH PETROGAS LIMITED (T13)?
The operating margin of RH PETROGAS LIMITED is 38.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RH PETROGAS LIMITED (T13)?
Revenue at RH PETROGAS LIMITED is growing +15.5% versus a year earlier (3y avg −9.6%). 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 RH PETROGAS LIMITED (T13)?
Earnings per share at RH PETROGAS LIMITED are growing +41.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does RH PETROGAS LIMITED (T13) carry?
The net debt of RH PETROGAS LIMITED is $11.9M (fiscal year 2020, ≈ 0.7 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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