CREDIT BUREAU ASIA LIMITED (TCU) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of CREDIT BUREAU ASIA LIMITED S$0.66, price S$1.06, upside -37.7%, quality 84 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 0.7295 SGD – 1.25 SGD · fair‑value band 0.4600 SGD – 0.8300 SGD · the 1.06 SGD price screens above the 0.6600 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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Credit Bureau Asia Limited, an investment holding company, provides credit and risk information solutions in Singapore, Malaysia, Cambodia, and Myanmar. It operates through two segments: Financial Institution Data and Non-Financial Institution Data segments.
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Credit Bureau Asia Limited, an investment holding company, provides credit and risk information solutions in Singapore, Malaysia, Cambodia, and Myanmar. It operates through two segments: Financial Institution Data and Non-Financial Institution Data segments. The Financial Institution Data segment offers access to credit information on individual consumers or registered business entities, which are generated from up-to-date credit information contributed by subscribing members; and credit scoring, data analytics, credit monitoring services, and client-specific tailored solutions. The Non-Financial Institution Data segment offers a range of business information and risk management services, sales and marketing solutions, commercial insights, and other services. It also provides litigation and other databases; consulting and related services; portfolio and litigation monitoring and membership subscription; credit information services and receivables management services; and software consultancy and data processing services. The company serves financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises, and individuals. Credit Bureau Asia Limited was founded in 1993 and is based in Singapore.
Stock analysis
CREDIT BUREAU ASIA LIMITED (TCU) currently trades at 1.06 SGD, while our model-based Fair Value estimate is 0.6600 SGD, 37.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.7000 SGD per share, and 0 of the 11 models we run sit above the 1.06 SGD price.
Bear case: the Asset-Based group reads lowest at 0.1500 SGD, and 11 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4600 SGD (bear) to 0.8300 SGD (bull), the price of 1.06 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 84/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CREDIT BUREAU ASIA LIMITED reported revenue of 60.1M SGD in FY2025 versus 45.4M SGD in FY2021, a compound +7.3%/yr. Reported net income was 10.7M SGD in FY2025, compounding +8.2%/yr from FY2021.
Key figures
Market cap 243M SGD (≈ $190M) · P/E ratio 21.2 · P/S ratio 3.79 · EPS (TTM) 0.0500 SGD · Dividend yield 4.2% · Net margin 17.9% · Return on equity 39.4% · Return on assets (EBIT) 25.5%.
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 12% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at −38%, TCU screens richer than that median.
Fair Value models
Bear 0.4600 SGDFair Value 0.6600 SGDBull 0.8300 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 (0.0045 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.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.7%
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.
+7.3%
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.
+6.7%
Start year 2020 (pandemic)
Revenue growth 6 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.
+6.8%
’19
’20
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’25
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.
+13.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.9%
Dividend (yield on the price)4.2%
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.43% → 47%
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).
−3.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −5.6% a year for the price.
Compare CREDIT BUREAU ASIA LIMITED with another stock
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.Financial Data & Stock Exchanges · 52 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score83 · Top 25%
Fair Value upside−37.7% · Below median
Profitability
Return on equity (TTM)39.4% · Top 25%
Return on assets44.9% · Top 25%
Net margin (TTM)41.5% · Top 25%
Operating margin (TTM)50.0% · Above median
Growth and dividend
Revenue growth2.7% · Bottom 25%
Dividend yield (TTM)4.2% · Top 25%
Valuation Multiplesvs Financial Data & Stock Exchanges median · lower = cheaper
P/E (TTM)21.2× · Cheaper than median
P/B4.67× · Pricier than median
P/S (TTM)9.33× · Pricier than median
P/FCF9.0× · Cheapest 25%
EV/EBITDA14.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)14· sector 66
PAST (return on equity)100· sector 79
HEALTH (low debt)0· sector 96
DIVIDEND (yield)83· sector 36
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.
Cite: Fair Value Calculator (2026). "CREDIT BUREAU ASIA LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/TCU
Frequently asked questions
Is CREDIT BUREAU ASIA LIMITED (TCU) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 0.6600 SGD versus a price of 1.06 SGD, about −38% upside (overvalued).
What is the fair value of TCU?
Our model-based fair value for CREDIT BUREAU ASIA LIMITED is 0.6600 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 1.06 SGD.
What is the quality score of TCU?
CREDIT BUREAU ASIA LIMITED has a Quality Score of 84/100. 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 CREDIT BUREAU ASIA LIMITED (TCU)?
Our model-based price target is the fair value of 0.6600 SGD (as of Oct 2, 2026) from 11 valuation models. Cautious scenario 0.4600 SGD, optimistic scenario 0.8300 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the CREDIT BUREAU ASIA LIMITED stock forecast for 2026?
Our models put fair value at 0.6600 SGD, about −38% upside versus a price of 1.06 SGD (overvalued). Cautious scenario 0.4600 SGD, optimistic scenario 0.8300 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of CREDIT BUREAU ASIA LIMITED (TCU)?
CREDIT BUREAU ASIA LIMITED reported trailing-twelve-month revenue of about 60.9M SGD (latest available figure, as of Oct 2, 2026).
Does CREDIT BUREAU ASIA LIMITED pay a dividend?
CREDIT BUREAU ASIA LIMITED currently shows a dividend yield of about 4.15% relative to its recent price (as of Oct 2, 2026).
What growth is priced into CREDIT BUREAU ASIA LIMITED (TCU)?
For today's price to be fair in a discounted-cash-flow model, CREDIT BUREAU ASIA LIMITED would have to grow free cash flow by -3.7 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.7 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of TCU use?
Our models discount CREDIT BUREAU ASIA LIMITED at 12.5 %: a base by market capitalisation (micro), 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 CREDIT BUREAU ASIA LIMITED that is -3.7 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has CREDIT BUREAU ASIA LIMITED (TCU) delivered so far?
Over the past 5 years revenue at CREDIT BUREAU ASIA LIMITED grew +6.7 % a year. The price currently implies -3.7 % 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 CREDIT BUREAU ASIA LIMITED (TCU) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into CREDIT BUREAU ASIA LIMITED (-3.7 % 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 CREDIT BUREAU ASIA LIMITED (TCU)?
The free-cash-flow yield on the price is 11.17 %: that much free cash flow CREDIT BUREAU ASIA LIMITED produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CREDIT BUREAU ASIA LIMITED (TCU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CREDIT BUREAU ASIA LIMITED it is 0.6600 SGD per share (as of Oct 2, 2026), against a price of 1.06 SGD. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is CREDIT BUREAU ASIA LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, TCU trades above its calculated fair value: price 1.06 SGD, fair value 0.6600 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 TCU?
No. The price is what the market pays today (1.06 SGD); the fair value is what the company's own numbers justify (0.6600 SGD). For CREDIT BUREAU ASIA LIMITED the two are 0.4000 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is CREDIT BUREAU ASIA LIMITED worth?
The market values CREDIT BUREAU ASIA LIMITED at about 243M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 1.06 SGD; our models calculate a fair value of 0.6600 SGD per share.
What do the bullish and bearish scenarios say about TCU?
Our models span a range for CREDIT BUREAU ASIA LIMITED: cautious scenario 0.4600 SGD, base 0.6600 SGD, optimistic 0.8300 SGD per share (as of Oct 2, 2026, price 1.06 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TCU?
CREDIT BUREAU ASIA LIMITED trades at a price-to-earnings ratio of 21.2 (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 0.6600 SGD is built from several models across several years. Other multiples: P/B 4.7, P/S 9.3, EV/EBITDA 14.8.
How solid is the balance sheet of CREDIT BUREAU ASIA LIMITED (TCU)?
Balance-sheet figures for CREDIT BUREAU ASIA LIMITED (as of Oct 2, 2026): return on equity 39.4%. They feed the Quality Score of 84/100, which measures business quality independently of the share price.
How far is TCU from its 52-week high?
CREDIT BUREAU ASIA LIMITED trades at 1.06 SGD, about 12% below its 52-week high of 1.21 SGD and 2% above the low of 1.04 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6600 SGD is for.
Which stocks are comparable to CREDIT BUREAU ASIA LIMITED?
From the same area (Financial Services) we also value S&P Global Inc, CME Group, Intercontinental Exchange, Inc, Moody's Corporation, 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 CREDIT BUREAU ASIA LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 1.06 SGD, calculated fair value 0.6600 SGD (−38%), Quality Score 84/100, from 11 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 TCU calculated?
We run CREDIT BUREAU ASIA LIMITED through 11 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 0.6600 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. CREDIT BUREAU ASIA 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 CREDIT BUREAU ASIA LIMITED (TCU)?
The closing price on Oct 2, 2026 was 1.06 SGD. Our model-based fair value is 0.6600 SGD, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CREDIT BUREAU ASIA LIMITED right now?
A high-quality business (quality 84/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (0.8300 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. A fairly wide model range (0.4600 SGD to 0.8300 SGD) leaves room in how you read the outcome.
Key figures of CREDIT BUREAU ASIA LIMITED
How large is the market capitalisation of CREDIT BUREAU ASIA LIMITED (TCU)?
The market capitalisation of CREDIT BUREAU ASIA LIMITED is 243M SGD (≈ $190M). 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 CREDIT BUREAU ASIA LIMITED (TCU)?
The price-to-sales ratio of CREDIT BUREAU ASIA LIMITED is 3.79 (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 CREDIT BUREAU ASIA LIMITED (TCU)?
Earnings per share at CREDIT BUREAU ASIA LIMITED are 0.0500 SGD (price ÷ EPS = P/E 21.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CREDIT BUREAU ASIA LIMITED (TCU)?
The dividend yield of CREDIT BUREAU ASIA LIMITED is 4.2% (payout 88.0%). 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 CREDIT BUREAU ASIA LIMITED (TCU)?
The net margin of CREDIT BUREAU ASIA LIMITED is 17.9% (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 CREDIT BUREAU ASIA LIMITED (TCU)?
The return on equity (ROE) of CREDIT BUREAU ASIA LIMITED is 39.4% (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 CREDIT BUREAU ASIA LIMITED (TCU)?
On an EBIT basis the return on assets of CREDIT BUREAU ASIA LIMITED is 25.5% (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 CREDIT BUREAU ASIA LIMITED (TCU)?
The operating margin of CREDIT BUREAU ASIA LIMITED is 50.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CREDIT BUREAU ASIA LIMITED (TCU)?
Revenue at CREDIT BUREAU ASIA LIMITED is growing +2.7% versus a year earlier (3y avg +7.3%). 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 CREDIT BUREAU ASIA LIMITED (TCU)?
Earnings per share at CREDIT BUREAU ASIA LIMITED are growing +2.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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