SEMBCORP INDUSTRIES LTD (U96) fair value: what the stock is really worth
We calculate from audited financials what SEMBCORP INDUSTRIES LTD is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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SEMBCORP INDUSTRIES LTD
U96 · SGWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
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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 Sep 13, 2026.
How to read this chart
60‑month range 1.55 SGD – 7.55 SGD · fair‑value band 3.97 SGD – 8.14 SGD · the 6.10 SGD price screens above the 5.22 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Sembcorp Industries Ltd, an investment holding company, engages in providing industrial and urban solutions in Singapore, China, India, Vietnam, the UK, Oman, Rest of Middle East and Rest of Asia, and internationally.
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Sembcorp Industries Ltd, an investment holding company, engages in providing industrial and urban solutions in Singapore, China, India, Vietnam, the UK, Oman, Rest of Middle East and Rest of Asia, and internationally. The company operates through five segments: Gas and Related Services, Renewables, Integrated Urban Solutions, Decarbonisation Solutions, and Other Businesses and Corporate. The Gas and Related Service segment engages in the sale of energy molecules, including natural gas, steam, and electricity from various fossil fuels, such as natural gas; and water products. The Renewables segment provides electricity from solar and wind resources and energy storage solutions, as well as system services that support integration of renewables into grid. This segment also includes the development and provision of installation, operation, and maintenance of solar, wind, and energy storage assets. The Integrated Urban Solutions segment develops large-scale integrated urban and integrated townships, such as industrial parks, business, commercial and residential spaces, and production and reclamation of water and industrial wastewater treatment, as well as solid waste management and waste-to-resource solutions. The Decarbonisation Solutions segment trades in environmental attributes, green hydrogen and ammonia, and power, as well as engages in carbon capture, utilization, and storage business. The Other Businesses and Corporate segment engages in the construction and minting activities; and insurance and financial services. The company was formerly known as Minaret Limited and changed its name to Sembcorp Industries Ltd in July 1998. Sembcorp Industries Ltd was incorporated in 1998 and is headquartered in Singapore.
Stock analysis
SEMBCORP INDUSTRIES LTD (U96) currently trades at 6.10 SGD, while our model-based Fair Value estimate is 5.22 SGD, implying the stock looks roughly 16.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 8.78 SGD per share, and 4 of the 18 models we run sit above the 6.10 SGD price.
Bear case: the Growth DCF group reads lowest at 0.6900 SGD, and 14 of the 18 models stay below the price. Evidence for this calculation is high.
Scenario range: 3.97 SGD (bear) to 8.14 SGD (bull), the price of 6.10 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 46/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
SEMBCORP INDUSTRIES LTD reported revenue of 5.8B SGD in FY2025 versus 7.8B SGD in FY2021, a compound −7.1%/yr. Reported net income was 984M SGD in FY2025, compounding +37.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 10.8B SGD (≈ $8.6B) · P/E ratio 11.1 · P/S ratio 1.88 · EPS (TTM) 0.5500 SGD · Dividend yield 4.4% · Net margin 17.0% · Return on equity 17.6% · Return on assets (EBIT) 5.8%.
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 20% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −48% fair-value upside, at −14%, U96 screens cheaper than that median.
Fair Value models
All 20 models by family
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Set up alert →Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 54
Revenue & earnings trend
Growth Forecast
U96 screens 17% overvalued. Compare with Iberdrola, S.A →
Compare SEMBCORP INDUSTRIES LTD with another stock
Price, fair value, quality and upside side by side.
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.Utilities - Diversified · 52 stocks
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Valuation of the Singapore market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.16 | €8.00 | −60% |
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| Engie SA ENGI | €23.98 | €20.64 | −14% |
| Sempra SRE | $83.34 | $43.35 | −48% |
| E.ON SE EOAN | €17.64 | €9.09 | −48% |
| RWE Aktiengesellschaft generates and RWE | €59.84 | €47.21 | −21% |
| ACWA Power Company 2082 | 190.90 SAR | 27.47 SAR | −86% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$51.08 | C$59.52 | +17% |
| EnBW Energie Baden-Württemberg AG EBK | €68.00 | €21.11 | −69% |
| EDP, S.A EDP | €4.80 | €3.81 | −21% |
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Key figures of SEMBCORP INDUSTRIES LTD
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