WING TAI HOLDINGS LIMITED (W05) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of WING TAI HOLDINGS LIMITED S$2.04, price S$1.52, upside +34.2%, quality 58 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 Sep 27, 2026.
How to read this chart
60‑month range 1.01 SGD – 1.73 SGD · fair‑value band 0.8300 SGD – 2.35 SGD · the 1.52 SGD price screens below the 2.04 SGD 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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Wing Tai Holdings Limited, an investment holding company, engages in the property investment and development business in Singapore, Malaysia, Australia, Japan, Hong Kong, and China. It operates through Development Properties, Investment Properties, Retail, and other segments.
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Wing Tai Holdings Limited, an investment holding company, engages in the property investment and development business in Singapore, Malaysia, Australia, Japan, Hong Kong, and China. It operates through Development Properties, Investment Properties, Retail, and other segments. The company develops and sells residential and commercial properties; and manages and operates hotels and serviced residences under the Lanson Place name, as well as a boutique hotel in Hong Kong. It is also involved in the retail of garments; and project management and maintenance of properties. Wing Tai Holdings Limited was founded in 1955 and is based in Singapore.
Stock analysis
WING TAI HOLDINGS LIMITED (W05) currently trades at 1.52 SGD, while our model-based Fair Value estimate is 2.04 SGD, implying the stock looks roughly 25.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 2.63 SGD per share, and 4 of the 16 models we run sit above the 1.52 SGD price.
Bear case: the Dividend Discount group reads lowest at 0.3800 SGD, and 12 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: 0.8300 SGD (bear) to 2.35 SGD (bull), the price of 1.52 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 58/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WING TAI HOLDINGS LIMITED reported revenue of 617M SGD in FY2026 versus 515M SGD in FY2022, a compound +4.7%/yr. Reported net income was 23.8M SGD in FY2026, compounding −35.8%/yr from FY2022.
Key figures
Market cap 1.2B SGD (≈ $908M) · P/E ratio 50.7 · P/S ratio 1.95 · EPS (TTM) 0.0300 SGD · Dividend yield 2.0% · Net margin 3.9% · Return on equity 0.7% · Return on assets (EBIT) 0.6%.
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 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 2% fair-value upside, at 34%, W05 screens cheaper than that median.
Fair Value models
Bear 0.8300 SGDFair Value 2.04 SGDBull 2.35 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.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.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+168.2%
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.
+9.0%
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.
+6.0%
Start year 2021 (pandemic). Over 10 years: +1.3% a year
Revenue growth 12 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.
−2.2%
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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.
−9.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.3%
Dividend (yield on the price)2.0%
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.−11.3% vs 1.8%, slowing
Profit margin 2021 to 2026 ⓘ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.13% → 6%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 4.6%/yr over ~7Y (margins eroding too) ⓘ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).
+19.9%
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 +17.5% 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.Real Estate - Development · 575 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Top 25%
Fair Value upside+34.2% · Above median
Profitability
Return on equity (TTM)0.7% · Below median
Return on assets0.8% · Below median
Net margin (TTM)3.9% · Below median
Operating margin (TTM)7.3% · Below median
Growth and dividend
Revenue growth195.4% · Top 25%
Dividend yield (TTM)2.0% · Below median
Balance sheet
Debt / equity0.25× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Cite: Fair Value Calculator (2026). "WING TAI HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/W05
Frequently asked questions
Is WING TAI HOLDINGS LIMITED (W05) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 2.04 SGD versus a price of 1.52 SGD, about +34% upside (undervalued).
What is the fair value of W05?
Our model-based fair value for WING TAI HOLDINGS LIMITED is 2.04 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 1.52 SGD.
What is the quality score of W05?
WING TAI HOLDINGS LIMITED has a Quality Score of 58/100. 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 WING TAI HOLDINGS LIMITED (W05)?
Our model-based price target is the fair value of 2.04 SGD (as of Sep 27, 2026) from 16 valuation models. Cautious scenario 0.8300 SGD, optimistic scenario 2.35 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the WING TAI HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 2.04 SGD, about +34% upside versus a price of 1.52 SGD (undervalued). Cautious scenario 0.8300 SGD, optimistic scenario 2.35 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of WING TAI HOLDINGS LIMITED (W05)?
WING TAI HOLDINGS LIMITED reported trailing-twelve-month revenue of about 617M SGD (latest available figure, as of Sep 27, 2026).
Does WING TAI HOLDINGS LIMITED pay a dividend?
WING TAI HOLDINGS LIMITED currently shows a dividend yield of about 1.97% relative to its recent price (as of Sep 27, 2026).
What growth is priced into WING TAI HOLDINGS LIMITED (W05)?
For today's price to be fair in a discounted-cash-flow model, WING TAI HOLDINGS LIMITED would have to grow free cash flow by +19.9 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of W05 use?
Our models discount WING TAI HOLDINGS LIMITED at 9.6 %: a base by market capitalisation (small), damped by beta 0.24, 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 WING TAI HOLDINGS LIMITED that is +19.9 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has WING TAI HOLDINGS LIMITED (W05) delivered so far?
Over the past 5 years revenue at WING TAI HOLDINGS LIMITED grew +6.0 % a year. The price currently implies +19.9 % 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 WING TAI HOLDINGS LIMITED (W05) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into WING TAI HOLDINGS LIMITED (+19.9 % 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 WING TAI HOLDINGS LIMITED (W05)?
The free-cash-flow yield on the price is 3.42 %: that much free cash flow WING TAI HOLDINGS LIMITED produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WING TAI HOLDINGS LIMITED (W05)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WING TAI HOLDINGS LIMITED it is 2.04 SGD per share (as of Sep 27, 2026), against a price of 1.52 SGD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is WING TAI HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, W05 trades below its calculated fair value: price 1.52 SGD, fair value 2.04 SGD, a gap of about +34% (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 W05?
No. The price is what the market pays today (1.52 SGD); the fair value is what the company's own numbers justify (2.04 SGD). For WING TAI HOLDINGS LIMITED the two are 0.5200 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is WING TAI HOLDINGS LIMITED worth?
The market values WING TAI HOLDINGS LIMITED at about 1.2B SGD (market capitalisation, as of Sep 27, 2026). Per share that is 1.52 SGD; our models calculate a fair value of 2.04 SGD per share.
What do the bullish and bearish scenarios say about W05?
Our models span a range for WING TAI HOLDINGS LIMITED: cautious scenario 0.8300 SGD, base 2.04 SGD, optimistic 2.35 SGD per share (as of Sep 27, 2026, price 1.52 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of W05?
WING TAI HOLDINGS LIMITED trades at a price-to-earnings ratio of 50.7 (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 2.04 SGD is built from several models across several years. Other multiples: PEG 0.3, P/B 0.4, P/S 1.9, EV/EBITDA 25.7.
What is the PEG ratio of W05?
The PEG ratio of WING TAI HOLDINGS LIMITED is 0.28 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of WING TAI HOLDINGS LIMITED (W05)?
Balance-sheet figures for WING TAI HOLDINGS LIMITED (as of Sep 27, 2026): return on equity 0.7%, debt of 0.25 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is W05 from its 52-week high?
WING TAI HOLDINGS LIMITED trades at 1.52 SGD, about 12% below its 52-week high of 1.72 SGD and 11% above the low of 1.37 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2.04 SGD is for.
Which stocks are comparable to WING TAI HOLDINGS LIMITED?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, Hongkong Land Holdings, 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 WING TAI HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 1.52 SGD, calculated fair value 2.04 SGD (+34%), Quality Score 58/100, 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 W05 calculated?
We run WING TAI HOLDINGS 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 2.04 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. WING TAI HOLDINGS LIMITED currently trades 25 % 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 WING TAI HOLDINGS LIMITED (W05)?
The closing price on Oct 2, 2026 was 1.52 SGD. Our model-based fair value is 2.04 SGD, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WING TAI HOLDINGS LIMITED right now?
The model range is unusually wide (0.8300 SGD to 2.35 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of WING TAI HOLDINGS LIMITED
How large is the market capitalisation of WING TAI HOLDINGS LIMITED (W05)?
The market capitalisation of WING TAI HOLDINGS LIMITED is 1.2B SGD (≈ $908M). 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 WING TAI HOLDINGS LIMITED (W05)?
The price-to-sales ratio of WING TAI HOLDINGS LIMITED is 1.95 (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 WING TAI HOLDINGS LIMITED (W05)?
Earnings per share at WING TAI HOLDINGS LIMITED are 0.0300 SGD (price ÷ EPS = P/E 50.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WING TAI HOLDINGS LIMITED (W05)?
The dividend yield of WING TAI HOLDINGS LIMITED is 2.0% (payout 100%). 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 WING TAI HOLDINGS LIMITED (W05)?
The net margin of WING TAI HOLDINGS LIMITED is 3.9% (fiscal year 2026). 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 WING TAI HOLDINGS LIMITED (W05)?
The return on equity (ROE) of WING TAI HOLDINGS LIMITED is 0.7% (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 WING TAI HOLDINGS LIMITED (W05)?
On an EBIT basis the return on assets of WING TAI HOLDINGS LIMITED is 0.6% (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 WING TAI HOLDINGS LIMITED (W05)?
The operating margin of WING TAI HOLDINGS LIMITED is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WING TAI HOLDINGS LIMITED (W05)?
Revenue at WING TAI HOLDINGS LIMITED is growing +195% versus a year earlier (3y avg +9.0%). 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 WING TAI HOLDINGS LIMITED (W05)?
Earnings per share at WING TAI HOLDINGS LIMITED are growing +300% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WING TAI HOLDINGS LIMITED (W05) carry?
The net debt of WING TAI HOLDINGS LIMITED is 462M SGD (fiscal year 2026, ≈ 11.6 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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