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Ten-League International Holdings Limited (TLIH) fair value: what the stock is really worth

As of Oct 6, 2026: fair value of Ten-League International Holdings Limited $17.25, price $5.75, upside +200.0%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Industrials · US · Based in Singapore · ISIN KYG8763W2014

TL Ten-League International Holdings Limited logo Thin data Sep 27, 2026

Ten-League International Holdings Limited

TLIH · US

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

Fair value $17.25 · Strongly undervalued (+200.0%)
Quality 62/100
Low debt
Generates free cash flow
Ranks above peers (13/13)
Thin margins · 7.3% net margin (TTM)
Moderate moat 59/100
Weak Growth (revenue 3y +0.8 %/yr in SGD)
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$66.00 $2.34 Fair Value $17.25 Jul 2025 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

15‑month range $2.34 – $66.00 · fair‑value band $12.14 – $22.35 · the $5.75 price screens below the $17.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Ten-League International Holdings Limited, through its subsidiaries, engages in the sale of heavy equipment and parts in Singapore and internationally.

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Ten-League International Holdings Limited, through its subsidiaries, engages in the sale of heavy equipment and parts in Singapore and internationally. The company offers foundation equipment, hoist equipment, excavation equipment, and port machinery; value-added engineering solutions; and engineering consultancy services to port, construction, civil engineering, and underground foundation industries. It is also involved in heavy equipment rental; supplying electric reach stacker and empty container handler to port operators, as well as swappable battery pack; and build charging infrastructure. The company was founded in 1998 and is headquartered in Singapore. Ten-League International Holdings Limited operates as a subsidiary of Ten-League Corporations Pte Ltd.

Stock analysis

Ten-League International Holdings Limited Ordinary Shares (TLIH) currently trades at $5.75, while our model-based Fair Value estimate is $17.25, implying the stock looks roughly 66.7% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $36.57 per share, and 21 of the 22 models we run sit above the $5.75 price.

Bear case: the Asset-Based group reads lowest at $2.97, and 1 of the 22 models stay below the price. Evidence for this calculation is low.

Scenario range: $12.14 (bear) to $22.35 (bull), the price of $5.75 sits below 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 62/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Ten-League International Holdings Limited Ordinary Shares reported revenue of 76.2M SGD in FY2025 versus 57.2M SGD in FY2021, a compound +7.4%/yr. Reported net income was 5.6M SGD in FY2025, compounding +32.9%/yr from FY2021.

Key figures

Market cap $16.8M · P/E ratio 3.7 · P/S ratio 0.27 · EPS (TTM) $1.56 · Net margin 7.3% · Return on equity 48.8% · Return on assets (EBIT) 8.4% · Operating margin 11.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 3% below its 52-week high and 146% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 200%, TLIH screens cheaper than that median.

Fair Value models

Bear $12.14 Fair Value $17.25 Bull $22.35
Price $5.75 · Upside +200.0%
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 ($1.20 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.
Highest evidence
FCF DCF $29.25 $40.65 $56.37 78
Growth DCF $29.88 $40.32 $54.06 76
EPV $17.70 $20.05 $22.08 74
All 22 models by family
DCF Models
FCF DCF $29.25 $40.65 $56.37 78
5Y Revenue Exit $23.71 $33.31 $45.05 70
5Y EBITDA Exit $32.02 $48.20 $66.35 72
5Y P/E Exit $25.52 $36.57 $47.57 69
10Y Revenue Exit $25.08 $33.97 $44.86 65
10Y EBITDA Exit $30.69 $43.85 $60.13 66
10Y P/E Exit $26.71 $36.13 $46.67 62
Earnings-Based
Graham-Dodd $10.10 $24.82 $32.14 62
PEG = 1.0 $4.47 $6.38 $8.30 55
EPV $17.70 $20.05 $22.08 74
Multiples
P/E Multiple $23.38 $31.18 $38.97 63
P/S Multiple $18.93 $25.24 $31.55 58
P/B Multiple $14.98 $19.97 $24.97 55
EV/EBIT $29.04 $37.79 $46.54 66
EV/EBITDA $38.02 $49.76 $61.51 67
EV/Revenue $21.53 $29.55 $37.58 54
Asset-Based
NCAV (Graham) $2.22 $2.97 $4.44 54
Growth DCF
Growth DCF $29.88 $40.32 $54.06 76
Rev-Margin DCF $23.71 $33.66 $44.53 70
Economic Profit
Residual Income $7.96 $9.67 $15.44 66
ROIC Compounder $17.96 $20.64 $23.16 69
Growth Earnings
Growth-Adj P/E $17.93 $25.62 $33.30 65

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Quality Score breakdown

Overall quality 62/100

Of which business quality 61 · Market factors (momentum, volatility) 48

Profitability 61
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 90
Share count: buybacks or dilution?

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Revenue & earnings trend

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 weak: less than 2 % a year.
Revenue growth 1 year
+30.2%
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.
+0.8%
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.
+26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.1%
Dividend (yield on the price)0.0%
Profit margin 2021 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.4% → 10%

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).
−24.4%
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 SGD, Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −25.9% a year for the price.

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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.Industrial Distribution · 113 stocks

Beats the industry median on 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 62 · Above median
Fair Value upside +200.0% · Top 25%
Profitability
Return on equity (TTM) 48.8% · Top 25%
Return on assets 6.2% · Top 25%
Net margin (TTM) 7.3% · Top 25%
Operating margin (TTM) 11.5% · Top 25%
Growth and dividend
Revenue growth 39.9% · Top 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Industrial Distribution median · lower = cheaper

P/E (TTM) 3.7× · Cheapest 25%
P/B 1.29× · Cheaper than median
P/S (TTM) 0.28× · Cheapest 25%
P/FCF 2.4× · Cheapest 25%
EV/EBITDA 0.9× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 45
FUTURE (revenue growth)100 · sector 29
PAST (return on equity)100 · sector 37
HEALTH (low debt)100 · sector 91
DIVIDEND (yield)0 · sector 37

Context: sector, industry, market

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Industrial Distribution stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,280 $623.81 −51%
Fastenal Company FAST $50.23 $41.28 −18%
Ferguson Enterprises Inc FERG $222.74 $32.49 −85%
WESCO International, Inc WCC $367.44 $151.88 −59%
Toromont Industries Ltd TIH C$236.69 C$127.86 −46%
Watsco, Inc WSO $297.47 $250.18 −16%
QXO, Inc QXO $12.06 $3.09 −74%
Applied Industrial Technologies, Inc AIT $332.29 $205.13 −38%
Finning International Inc FTT C$106.19 C$74.26 −30%
Indutrade AB INDT kr 258.60 kr 284.46 +10%

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Cite: Fair Value Calculator (2026). "Ten-League International Holdings Limited Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/TLIH

Frequently asked questions

Is Ten-League International Holdings Limited (TLIH) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $17.25 versus a price of $5.75, about +200% upside (undervalued).
What is the fair value of TLIH?
Our model-based fair value for Ten-League International Holdings Limited Ordinary Shares is $17.25 (as of Sep 27, 2026), built from audited fundamentals. The current price: $5.75.
What is the quality score of TLIH?
Ten-League International Holdings Limited Ordinary Shares has a Quality Score of 62/100. 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 Ten-League International Holdings Limited (TLIH)?
Our model-based price target is the fair value of $17.25 (as of Sep 27, 2026) from 22 valuation models. Cautious scenario $12.14, optimistic scenario $22.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Ten-League International Holdings Limited Ordinary Shares stock forecast for 2026?
Our models put fair value at $17.25, about +200% upside versus a price of $5.75 (undervalued). Cautious scenario $12.14, optimistic scenario $22.35. The calculation is refreshed regularly with new filings.
What is the revenue of Ten-League International Holdings Limited (TLIH)?
Ten-League International Holdings Limited Ordinary Shares reported trailing-twelve-month revenue of about 76.2M SGD (latest available figure, as of Sep 27, 2026).
What growth is priced into Ten-League International Holdings Limited (TLIH)?
For today's price to be fair in a discounted-cash-flow model, Ten-League International Holdings Limited Ordinary Shares would have to grow free cash flow by -24.4 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +7.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of TLIH use?
Our models discount Ten-League International Holdings Limited Ordinary Shares at 9.7 %: a base by market capitalisation (nano), country premium for USA. 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 Ten-League International Holdings Limited Ordinary Shares that is -24.4 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Ten-League International Holdings Limited (TLIH) delivered so far?
Over the past 4 years revenue at Ten-League International Holdings Limited Ordinary Shares grew +7.4 % a year. The price currently implies -24.4 % 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 Ten-League International Holdings Limited (TLIH) growing?
The median revenue growth in the sector is +7.3 % a year. That is the yardstick for the growth priced into Ten-League International Holdings Limited Ordinary Shares (-24.4 % 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 Ten-League International Holdings Limited (TLIH)?
The free-cash-flow yield on the price is 42.05 %: that much free cash flow Ten-League International Holdings Limited Ordinary Shares produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ten-League International Holdings Limited (TLIH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ten-League International Holdings Limited Ordinary Shares it is $17.25 per share (as of Sep 27, 2026), against a price of $5.75. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Ten-League International Holdings Limited Ordinary Shares stock overvalued or undervalued in 2026?
As of Sep 27, 2026, TLIH trades below its calculated fair value: price $5.75, fair value $17.25, a gap of about +200% (undervalued). 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 TLIH?
No. The price is what the market pays today ($5.75); the fair value is what the company's own numbers justify ($17.25). For Ten-League International Holdings Limited Ordinary Shares the two are $11.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ten-League International Holdings Limited Ordinary Shares worth?
The market values Ten-League International Holdings Limited Ordinary Shares at about $16.8M (market capitalisation, as of Sep 27, 2026). Per share that is $5.75; our models calculate a fair value of $17.25 per share.
What do the bullish and bearish scenarios say about TLIH?
Our models span a range for Ten-League International Holdings Limited Ordinary Shares: cautious scenario $12.14, base $17.25, optimistic $22.35 per share (as of Sep 27, 2026, price $5.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TLIH?
Ten-League International Holdings Limited Ordinary Shares trades at a price-to-earnings ratio of 3.7 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $17.25 is built from several models across several years. Other multiples: P/B 1.3, P/S 0.3, EV/EBITDA 0.9.
How solid is the balance sheet of Ten-League International Holdings Limited (TLIH)?
Balance-sheet figures for Ten-League International Holdings Limited Ordinary Shares (as of Sep 27, 2026): return on equity 48.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is TLIH from its 52-week high?
Ten-League International Holdings Limited Ordinary Shares trades at $5.75, about 3% below its 52-week high of $5.90 and 146% above the low of $2.34 (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of $17.25 is for.
Which stocks are comparable to Ten-League International Holdings Limited Ordinary Shares?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, 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 Ten-League International Holdings Limited Ordinary Shares stock attractive at the current price?
The data as of Sep 27, 2026: price $5.75, calculated fair value $17.25 (+200%), Quality Score 62/100, 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 TLIH calculated?
We run Ten-League International Holdings Limited Ordinary Shares 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 $17.25, 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 15.4 % above its aggregate fair value. Ten-League International Holdings Limited Ordinary Shares currently trades 67 % below its own fair value, and the market average says nothing about that. 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 Ten-League International Holdings Limited (TLIH)?
The closing price on Oct 6, 2026 was $5.75. Our model-based fair value is $17.25, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ten-League International Holdings Limited Ordinary Shares right now?
The price is below even our cautious bear case ($12.14). The market is more pessimistic than our downside scenario. 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 quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($12.14 to $22.35) leaves room in how you read the outcome.

Key figures of Ten-League International Holdings Limited Ordinary Shares

How large is the market capitalisation of Ten-League International Holdings Limited (TLIH)?
The market capitalisation of Ten-League International Holdings Limited Ordinary Shares is $16.8M. 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 Ten-League International Holdings Limited (TLIH)?
The price-to-sales ratio of Ten-League International Holdings Limited Ordinary Shares is 0.27 (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 Ten-League International Holdings Limited (TLIH)?
Earnings per share at Ten-League International Holdings Limited Ordinary Shares are $1.56 (price ÷ EPS = P/E 3.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ten-League International Holdings Limited (TLIH)?
The net margin of Ten-League International Holdings Limited Ordinary Shares is 7.3% (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 Ten-League International Holdings Limited (TLIH)?
The return on equity (ROE) of Ten-League International Holdings Limited Ordinary Shares is 48.8% (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 Ten-League International Holdings Limited (TLIH)?
On an EBIT basis the return on assets of Ten-League International Holdings Limited Ordinary Shares is 8.4% (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 Ten-League International Holdings Limited (TLIH)?
The operating margin of Ten-League International Holdings Limited Ordinary Shares is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ten-League International Holdings Limited (TLIH)?
Revenue at Ten-League International Holdings Limited Ordinary Shares is growing +39.9% versus a year earlier (3y avg +0.8%). 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 Ten-League International Holdings Limited (TLIH)?
Earnings per share at Ten-League International Holdings Limited Ordinary Shares are growing +145% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ten-League International Holdings Limited (TLIH) carry?
The net debt of Ten-League International Holdings Limited Ordinary Shares is 20.4M SGD (fiscal year 2025, ≈ 2.3 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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