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RH PETROGAS LIMITED (T13) Fair Value & Analysis

Energy · SG · Market cap 119M SGD

RP RH PETROGAS LIMITED T13 · SG
Price0.1670 SGD
Fair Value0.0500 SGD
Upside-70.1%
Quality55/100
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Mixed Growth
Thin margins · 3.3% net margin
Low debt · generates free cash flow
1.42% dividend yield
Ranks above peers (8/13)
Narrow moat 20/100
Evidence: Medium Range 0.0400 SGD – 0.0600 SGD Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 5 days ago

Share price +6.4% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0600 SGD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.4037 SGD 0.0246 SGD Fair Value 0.0500 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0246 SGD – 0.4037 SGD · fair‑value band 0.0400 SGD – 0.0600 SGD · the 0.1670 SGD price screens above the 0.0500 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

RH PETROGAS LIMITED (T13) currently trades at 0.1670 SGD, while our model-based Fair Value estimate is 0.0500 SGD, implying the stock looks roughly 70.1% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Energy 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: medium).

Over the trailing twelve months, RH PETROGAS LIMITED generated revenue of 77.6M SGD at a net margin of 3.3%. Revenue declined 13.4% year over year. It earns a return on equity of 5.3%. Net debt stands at 11.9M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0400 SGD (bear case) to 0.0600 SGD (bull case); at 0.1670 SGD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at -70%, T13 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 0.2300 SGD 0.2600 SGD 0.3100 SGD 80
Rev-Margin DCF 0.1800 SGD 0.2100 SGD 0.2500 SGD 74
ROIC Compounder 0.1000 SGD 0.1000 SGD 0.1000 SGD 72
All 22 models by family
DCF Models
FCF DCF 0.2200 SGD 0.2600 SGD 0.3200 SGD 38
Owner Earnings 0.1200 SGD 0.1300 SGD 0.1500 SGD 31
5Y Revenue Exit 0.1800 SGD 0.2000 SGD 0.2400 SGD 39
5Y EBITDA Exit 0.1800 SGD 0.2000 SGD 0.2400 SGD 41
5Y P/E Exit 0.1600 SGD 0.1700 SGD 0.1900 SGD 38
10Y Revenue Exit 0.2000 SGD 0.2200 SGD 0.2400 SGD 36
10Y EBITDA Exit 0.2000 SGD 0.2200 SGD 0.2400 SGD 37
10Y P/E Exit 0.1900 SGD 0.2000 SGD 0.2200 SGD 35
Earnings-Based
Graham-Dodd 0.0200 SGD 0.0300 SGD 0.0400 SGD 54
EPV 0.1000 SGD 0.1000 SGD 0.1000 SGD 59
Multiples
P/E Multiple 0.0300 SGD 0.0400 SGD 0.0500 SGD 63
P/S Multiple 0.0400 SGD 0.0500 SGD 0.0600 SGD 58
P/B Multiple 0.0400 SGD 0.0500 SGD 0.0600 SGD 55
EV/EBIT 0.1300 SGD 0.1500 SGD 0.1600 SGD 53
EV/EBITDA 0.1400 SGD 0.1700 SGD 0.1900 SGD 54
EV/Revenue 0.1400 SGD 0.1700 SGD 0.2000 SGD 43
Asset-Based
NCAV (Graham) 0.0400 SGD 0.0500 SGD 0.0700 SGD 50
Growth DCF
Growth DCF 0.2300 SGD 0.2600 SGD 0.3100 SGD 80
Rev-Margin DCF 0.1800 SGD 0.2100 SGD 0.2500 SGD 74
Economic Profit
Residual Income 0.0500 SGD 0.0500 SGD 0.0400 SGD 61
ROIC Compounder 0.1000 SGD 0.1000 SGD 0.1000 SGD 72
Growth Earnings
Growth-Adj P/E 0.0200 SGD 0.0300 SGD 0.0400 SGD 68

Widest divergence: Growth DCF (0.2100 SGD) versus Earnings-Based (0.0300 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 77.6M SGD
Revenue growth (YoY) -13.4%
Net margin 3.3%
Return on equity 5.3%
Free cash flow 17.1M SGD FY2025
Operating margin -21.0%
More key figures
Dividend yield 1.4%
EPS growth (YoY) -27.8%
Net debt 11.9M SGD FY2020

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 60 · Market factors (momentum, volatility) 38

Profitability 34
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

RH PetroGas Limited, an investment holding company, engages in the exploration, development, and production of oil and gas resources in Indonesia.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RH PETROGAS LIMITED reported revenue of 77.6M SGD in FY2025 versus 82.5M SGD in FY2021, a compound −1.5%/yr. Reported net income was 2.5M SGD in FY2025, compounding −42.7%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
77.6M SGD
Latest YoY
−16.2%
Avg. growth/yr (3Y) ⓘ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.
−9.6%
Avg. growth/yr (5Y) ⓘ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.
+9.0%
Avg. growth/yr (12Y) ⓘ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.
−0.9%
Revenue −1.5%/yr
FY21 82.5M SGD
FY22 105M SGD
FY23 94.1M SGD
FY24 92.5M SGD
FY25 77.6M SGD
Net income −42.7%/yr
FY21 23.6M SGD
FY22 20.1M SGD
FY23 2.6M SGD
FY24 14.6M SGD
FY25 2.5M SGD

T13 screens 70% overvalued. Compare with CNOOC Limited →

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RH PETROGAS LIMITED · Fair Value
0.0500 SGD −70%Fair Value
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Cite: Fair Value Calculator (2026). "RH PETROGAS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/T13

Peer Group

Oil & Gas E&P · 318 stocks

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.

Quality Score 55 · Top 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 4% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) -21% · Bottom 25%
Revenue growth -13% · Below median
Dividend yield (TTM) 1.4% · Below median

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/B 1.57× · Pricier than median
P/S (TTM) 1.20× · Cheaper than median
P/FCF 5.4× · Cheaper than median
EV/EBITDA 3.5× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 12
FUTURE 0 · sector 0
PAST 21 · sector 0
HEALTH 100 · sector 87
DIVIDEND 28 · sector 66

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥32.85 ¥32.55 -1%
ConocoPhillips explores for, COP $126.78 $90.15 -29%
Canadian Natural Resources Limited CNQ $47.57 $31.14 -35%
EOG Resources, Inc EOG $143.14 $130.19 -9%
Occidental Petroleum Corporation OXY $58.55 $30.06 -49%
Diamondback Energy, Inc FANG $201.71 $105.24 -48%
Devon Energy Corporation DVN $44.86 $27.06 -40%
Woodside Energy Group WDS A$32.55 A$20.71 -36%
EQT Corporation EQT $54.06 $42.85 -21%
Texas Pacific Land Corporation TPL $342.77 $77.26 -77%

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Frequently asked questions

Is RH PETROGAS LIMITED (T13) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0500 SGD versus a price of 0.1670 SGD, about −70% (overvalued).
What is the fair value of T13?
Our model-based fair value for RH PETROGAS LIMITED is 0.0500 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.1670 SGD.
What is the quality score of T13?
RH PETROGAS LIMITED has a Quality Score of 55/100. 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 revenue of RH PETROGAS LIMITED (T13)?
RH PETROGAS LIMITED reported trailing-twelve-month revenue of about 77.6M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of T13?
The net profit margin of RH PETROGAS LIMITED is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does RH PETROGAS LIMITED pay a dividend?
RH PETROGAS LIMITED currently shows a dividend yield of about 1.42% relative to its recent price (as of Aug 13, 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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