FRASERS PROPERTY LIMITED (TQ5) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of FRASERS PROPERTY LIMITED stock S$0.95, price S$0.90, upside +6.1%, quality 62 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value 30%+ above price?No
Quality 50+?Yes
In an uptrend?No
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 27, 2026.
How to read this chart
60‑month range 0.6591 SGD – 1.19 SGD · fair‑value band 0.2900 SGD – 1.06 SGD · the 0.8950 SGD price screens below the 0.9500 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 27, 2026.
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Frasers Property Limited, an investment holding company, develops, invests in, and manages a portfolio of real estate assets in Singapore. It also does this in Australia, Europe, China, Thailand, and internationally.
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Its asset portfolio includes commercial and business parks, hospitality, industrial and logistics, and residential and retail properties; and owns and/or operates serviced apartments and hotels.
The company acts as a sponsor of two real estate investment trusts (REITs) listed on the SGX-ST that comprises Frasers Centrepoint Trust, and Frasers Logistics & Commercial Trust focused on retail, commercial, and industrial properties; one stapled trust listed on the SGX-ST, such as Frasers Hospitality Trust focused on hospitality properties; and two REITs listed on the Stock Exchange of Thailand comprising Frasers Property (Thailand) Public Company Limited, a sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT that focuses on industrial and logistics properties in Thailand, as well as Golden Ventures Leasehold Real Estate Investment Trust, which focuses on commercial properties.
Frasers Property Limited was formerly known as Frasers Centrepoint Limited and changed its name to Frasers Property Limited in February 2018. Frasers Property Limited was incorporated in 1963 and is based in Singapore. Frasers Property Limited operates as a subsidiary of TCC Assets Limited.
Stock analysis
FRASERS PROPERTY LIMITED (TQ5) currently trades at 0.8950 SGD, while our model-based Fair Value estimate is 0.9500 SGD, so the stock looks roughly fairly valued today (gap 5.8%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of 1.81 SGD per share, and 5 of the 15 models we run sit above the 0.8950 SGD price.
Bear case: the Dividend Discount group reads lowest at 0.2000 SGD, and 10 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.2900 SGD (bear) to 1.06 SGD (bull), the price of 0.8950 SGD sits inside 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 Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FRASERS PROPERTY LIMITED reported revenue of 3.4B SGD in FY2025 versus 3.8B SGD in FY2021, a compound −2.5%/yr. Reported net income was 243M SGD in FY2025, compounding −26.5%/yr from FY2021.
Key figures
Market cap 3.5B SGD (≈ $2.7B) Mid · P/E ratio 22.4 · P/S ratio 1.06 · EPS (TTM) 0.0400 SGD · Dividend yield 5.0% · Net margin 5.7% · Return on equity 3.3% · Return on assets (EBIT) 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −49% fair-value upside, at 6%, TQ5 screens cheaper than that median.
Fair Value models
Bear0.2900 SGDFair Value 0.9500 SGDBull1.06 SGD
Price 0.8950 SGD · Upside +6.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+3.8%
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.
+2.1%
Revenue growth 10 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%
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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.
−15.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.3%
Dividend (yield on the price)5.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−20.3% vs −11.1%, slowing
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.24% → 27%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 4.5%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+4.1%
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 +2.0% a year for the price.
News mood ⓘNews mood, the average tone of recent news (21 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare FRASERS PROPERTY LIMITED with another stock
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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.Real Estate - Diversified · 129 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+6.1% · Above median
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets1.5% · Below median
Net margin (12 months)13.7% · Below median
Operating margin (12 months)32.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)−5.2% · Below median
Dividend yield (12 months)5.0% · Above median
Balance sheet
Debt / equity1.52× · Highest 25%
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
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Is FRASERS PROPERTY LIMITED (TQ5) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of 0.9500 SGD versus a price of 0.8950 SGD, about +6% upside (fairly valued).
What is the fair value of TQ5?
Our model-based fair value for FRASERS PROPERTY LIMITED is 0.9500 SGD (as of Oct 27, 2026), built from audited fundamentals. The current price: 0.8950 SGD.
What is the quality score of TQ5?
FRASERS PROPERTY LIMITED 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 FRASERS PROPERTY LIMITED (TQ5)?
Our model-based price target is the fair value of 0.9500 SGD (as of Oct 27, 2026) from 16 valuation models. Cautious scenario 0.2900 SGD, optimistic scenario 1.06 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the FRASERS PROPERTY LIMITED stock forecast for 2026?
Our models put fair value at 0.9500 SGD, about +6% upside versus a price of 0.8950 SGD (fairly valued). Cautious scenario 0.2900 SGD, optimistic scenario 1.06 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of FRASERS PROPERTY LIMITED (TQ5)?
FRASERS PROPERTY LIMITED reported trailing-twelve-month revenue of about 3.3B SGD (latest available figure, as of Oct 27, 2026).
Does FRASERS PROPERTY LIMITED pay a dividend?
FRASERS PROPERTY LIMITED currently shows a dividend yield of 5.03% relative to its recent price (as of Oct 27, 2026).
What growth is priced into FRASERS PROPERTY LIMITED (TQ5)?
For today's price to be fair in a discounted-cash-flow model, FRASERS PROPERTY LIMITED would have to grow free cash flow by +4.1 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.1 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of TQ5 use?
Our models discount FRASERS PROPERTY LIMITED at 8.3 %: a base by market capitalisation (mid), damped by beta 0.43, 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 FRASERS PROPERTY LIMITED that is +4.1 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has FRASERS PROPERTY LIMITED (TQ5) delivered so far?
Over the past 5 years revenue at FRASERS PROPERTY LIMITED grew -1.1 % a year. The price currently implies +4.1 % 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 FRASERS PROPERTY LIMITED (TQ5) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into FRASERS PROPERTY LIMITED (+4.1 % 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 FRASERS PROPERTY LIMITED (TQ5)?
The free-cash-flow yield on the price is 27.94 %: that much free cash flow FRASERS PROPERTY LIMITED produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FRASERS PROPERTY LIMITED (TQ5)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FRASERS PROPERTY LIMITED it is 0.9500 SGD per share (as of Oct 27, 2026), against a price of 0.8950 SGD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is FRASERS PROPERTY LIMITED stock overvalued or undervalued in 2026?
As of Oct 27, 2026, TQ5 trades below its calculated fair value: price 0.8950 SGD, fair value 0.9500 SGD, a gap of about +6% (fairly valued). 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 TQ5?
No. The price is what the market pays today (0.8950 SGD); the fair value is what the company's own numbers justify (0.9500 SGD). For FRASERS PROPERTY LIMITED the two are 0.0550 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is FRASERS PROPERTY LIMITED worth?
The market values FRASERS PROPERTY LIMITED at about 3.5B SGD (market capitalisation, as of Oct 27, 2026). Per share that is 0.8950 SGD; our models calculate a fair value of 0.9500 SGD per share.
What do the bullish and bearish scenarios say about TQ5?
Our models span a range for FRASERS PROPERTY LIMITED: cautious scenario 0.2900 SGD, base 0.9500 SGD, optimistic 1.06 SGD per share (as of Oct 27, 2026, price 0.8950 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TQ5?
FRASERS PROPERTY LIMITED trades at a price-to-earnings ratio of 22.4 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.9500 SGD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 15.4 (reported for FY2025: 14.5). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 8.9. Other multiples: P/B 0.4, P/S 2.5, EV/EBITDA 38.6.
How solid is the balance sheet of FRASERS PROPERTY LIMITED (TQ5)?
Balance-sheet figures for FRASERS PROPERTY LIMITED (as of Oct 27, 2026): return on equity 3.3%, debt of 1.52 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is TQ5 from its 52-week high?
FRASERS PROPERTY LIMITED trades at 0.8950 SGD, about 25% below its 52-week high of 1.19 SGD and 2% above the low of 0.8800 SGD (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9500 SGD is for.
Which stocks are comparable to FRASERS PROPERTY LIMITED?
From the same area (Real Estate) we also value Henderson Land Development Company, Swiss Prime Site AG, Central Pattana Public Company, The Phoenix Mills Limited, 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 FRASERS PROPERTY LIMITED stock attractive at the current price?
The data as of Oct 27, 2026: price 0.8950 SGD, calculated fair value 0.9500 SGD (+6%), Quality Score 62/100, from 16 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 TQ5 calculated?
We run FRASERS PROPERTY LIMITED through 16 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 0.9500 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 13.4 % above its aggregate fair value. FRASERS PROPERTY LIMITED currently trades 6 % 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 FRASERS PROPERTY LIMITED (TQ5)?
The closing price on Oct 28, 2026 was 0.8950 SGD. Our model-based fair value is 0.9500 SGD, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FRASERS PROPERTY LIMITED right now?
The model range is unusually wide (0.2900 SGD to 1.06 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of FRASERS PROPERTY LIMITED
How large is the market capitalisation of FRASERS PROPERTY LIMITED (TQ5)?
The market capitalisation of FRASERS PROPERTY LIMITED is 3.5B SGD (≈ $2.7B). 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 FRASERS PROPERTY LIMITED (TQ5)?
The price-to-sales ratio of FRASERS PROPERTY LIMITED is 1.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FRASERS PROPERTY LIMITED (TQ5)?
Earnings per share at FRASERS PROPERTY LIMITED are 0.0400 SGD (price ÷ EPS = P/E 22.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FRASERS PROPERTY LIMITED (TQ5)?
The dividend yield of FRASERS PROPERTY LIMITED is 5.0% (payout 120%, on adjusted earnings, reported 113%). 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 FRASERS PROPERTY LIMITED (TQ5)?
The net margin of FRASERS PROPERTY LIMITED is 5.7% (last twelve months). 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 FRASERS PROPERTY LIMITED (TQ5)?
The return on equity (ROE) of FRASERS PROPERTY LIMITED is 3.3% (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 FRASERS PROPERTY LIMITED (TQ5)?
On an EBIT basis the return on assets of FRASERS PROPERTY LIMITED is 2.7% (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 FRASERS PROPERTY LIMITED (TQ5)?
The operating margin of FRASERS PROPERTY LIMITED is 32.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FRASERS PROPERTY LIMITED (TQ5)?
Revenue at FRASERS PROPERTY LIMITED is growing −5.2% versus a year earlier (3y avg −4.2%). 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 FRASERS PROPERTY LIMITED (TQ5)?
Earnings per share at FRASERS PROPERTY LIMITED are growing −42.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does FRASERS PROPERTY LIMITED (TQ5) carry?
The net debt of FRASERS PROPERTY LIMITED is 15.3B SGD (fiscal year 2025, ≈ 15.6 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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Thin data
Oct 27, 2026