VICOM LTD. (WJP) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of VICOM LTD. S$1.96, price S$1.80, upside +8.8%, quality 77 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 1.14 SGD – 1.87 SGD · fair‑value band 1.17 SGD – 2.87 SGD · the 1.80 SGD price screens below the 1.96 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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VICOM Ltd, an investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.
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VICOM Ltd, an investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore. It offers vehicle inspection services, including inspection for petrol-driven and diesel-driven vehicles, petrol-hybrid and diesel hybrid vehicles, electric vehicles, motorcycles, power assisted bicycles, and e-scooters; vehicle evaluation services; and emission test laboratory services. The company also provides motor and general insurance; road tax renewal; and other services, such as vehicle inspection and type approval system, in-vehicle unit, on-board unit, speed limiter check, chassis dynamometer smoke test, and car buying tips and maintenance talks services, as well as engages in the provision of consultancy services. In addition, it offers road tax renewal, and motor and general insurance services; and operates emission test laboratory. The company was incorporated in 1981 and is based in Singapore. VICOM Ltd is a subsidiary of ComfortDelGro Corporation Limited.
Stock analysis
VICOM LTD. (WJP) currently trades at 1.80 SGD, while our model-based Fair Value estimate is 1.96 SGD, so the stock looks roughly fairly valued today (gap 8.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.08 SGD per share, and 9 of the 24 models we run sit above the 1.80 SGD price.
Bear case: the Asset-Based group reads lowest at 0.3000 SGD, and 15 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 1.17 SGD (bear) to 2.87 SGD (bull), the price of 1.80 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 77/100 (high quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
VICOM LTD. reported revenue of 165M SGD in FY2025 versus 101M SGD in FY2021, a compound +13.1%/yr. Reported net income was 42.5M SGD in FY2025, compounding +14.4%/yr from FY2021.
Key figures
Market cap 638M SGD (≈ $499M) · P/E ratio 13.8 · P/S ratio 3.56 · EPS (TTM) 0.1300 SGD · Dividend yield 4.7% · Net margin 25.7% · Return on equity 30.1% · Return on assets (EBIT) 16.7%.
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 4% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −12% fair-value upside, at 9%, WJP screens cheaper than that median.
Fair Value models
Bear 1.17 SGDFair Value 1.96 SGDBull 2.87 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 (0.0348 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+41.0%
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.
+15.9%
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.
+13.8%
Start year 2020 (pandemic)
Revenue growth 9 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.
+5.6%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+10.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.7%
Dividend (yield on the price)4.7%
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.34% → 31%
2025 sits 54% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+17.1%
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 +14.7% a year for the price.
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.Auto & Truck Dealerships · 91 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside+8.8% · Above median
Profitability
Return on equity (TTM)30.1% · Top 25%
Return on assets15.7% · Top 25%
Net margin (TTM)27.3% · Top 25%
Operating margin (TTM)32.3% · Top 25%
Growth and dividend
Revenue growth6.4% · Above median
Dividend yield (TTM)4.7% · Above median
Valuation Multiplesvs Auto & Truck Dealerships median · lower = cheaper
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). "VICOM LTD. Fair Value". https://www.fairvalue-calculator.com/stock/WJP
Frequently asked questions
Is VICOM LTD. (WJP) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 1.96 SGD versus a price of 1.80 SGD, about +9% upside (fairly valued).
What is the fair value of WJP?
Our model-based fair value for VICOM LTD. is 1.96 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 1.80 SGD.
What is the quality score of WJP?
VICOM LTD. has a Quality Score of 77/100. 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 VICOM LTD. (WJP)?
Our model-based price target is the fair value of 1.96 SGD (as of Oct 2, 2026) from 24 valuation models. Cautious scenario 1.17 SGD, optimistic scenario 2.87 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the VICOM LTD. stock forecast for 2026?
Our models put fair value at 1.96 SGD, about +9% upside versus a price of 1.80 SGD (fairly valued). Cautious scenario 1.17 SGD, optimistic scenario 2.87 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of VICOM LTD. (WJP)?
VICOM LTD. reported trailing-twelve-month revenue of about 172M SGD (latest available figure, as of Oct 2, 2026).
Does VICOM LTD. pay a dividend?
VICOM LTD. currently shows a dividend yield of about 4.67% relative to its recent price (as of Oct 2, 2026).
What growth is priced into VICOM LTD. (WJP)?
For today's price to be fair in a discounted-cash-flow model, VICOM LTD. would have to grow free cash flow by +17.1 % 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 +13.8 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of WJP use?
Our models discount VICOM LTD. at 9.6 %: a base by market capitalisation (small), damped by beta 0.25, 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 VICOM LTD. that is +17.1 % 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 VICOM LTD. (WJP) delivered so far?
Over the past 5 years revenue at VICOM LTD. grew +13.8 % a year. The price currently implies +17.1 % 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 VICOM LTD. (WJP) growing?
The median revenue growth in the sector is +4.1 % a year. That is the yardstick for the growth priced into VICOM LTD. (+17.1 % 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 VICOM LTD. (WJP)?
The free-cash-flow yield on the price is 3.00 %: that much free cash flow VICOM LTD. 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 VICOM LTD. (WJP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VICOM LTD. it is 1.96 SGD per share (as of Oct 2, 2026), against a price of 1.80 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is VICOM LTD. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, WJP trades below its calculated fair value: price 1.80 SGD, fair value 1.96 SGD, a gap of about +9% (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 WJP?
No. The price is what the market pays today (1.80 SGD); the fair value is what the company's own numbers justify (1.96 SGD). For VICOM LTD. the two are 0.1580 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is VICOM LTD. worth?
The market values VICOM LTD. at about 638M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 1.80 SGD; our models calculate a fair value of 1.96 SGD per share.
What do the bullish and bearish scenarios say about WJP?
Our models span a range for VICOM LTD.: cautious scenario 1.17 SGD, base 1.96 SGD, optimistic 2.87 SGD per share (as of Oct 2, 2026, price 1.80 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WJP?
VICOM LTD. trades at a price-to-earnings ratio of 13.8 (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 1.96 SGD is built from several models across several years. Other multiples: PEG 1.8, P/B 4.0, P/S 3.7, EV/EBITDA 8.8.
What is the PEG ratio of WJP?
The PEG ratio of VICOM LTD. is 1.85 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of VICOM LTD. (WJP)?
Balance-sheet figures for VICOM LTD. (as of Oct 2, 2026): return on equity 30.1%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is WJP from its 52-week high?
VICOM LTD. trades at 1.80 SGD, about 4% below its 52-week high of 1.87 SGD and 17% above the low of 1.54 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 1.96 SGD is for.
Which stocks are comparable to VICOM LTD.?
From the same area (Consumer Cyclical) we also value Carvana Co, Penske Automotive Group, D'Ieteren Group, Hotai Motor Co, 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 VICOM LTD. stock attractive at the current price?
The data as of Oct 2, 2026: price 1.80 SGD, calculated fair value 1.96 SGD (+9%), Quality Score 77/100, from 24 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 WJP calculated?
We run VICOM LTD. through 24 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 1.96 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. VICOM LTD. currently trades 8 % 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 VICOM LTD. (WJP)?
The closing price on Oct 2, 2026 was 1.80 SGD. Our model-based fair value is 1.96 SGD, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VICOM LTD. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (1.17 SGD to 2.87 SGD) leaves room in how you read the outcome.
Key figures of VICOM LTD.
How large is the market capitalisation of VICOM LTD. (WJP)?
The market capitalisation of VICOM LTD. is 638M SGD (≈ $499M). 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 VICOM LTD. (WJP)?
The price-to-sales ratio of VICOM LTD. is 3.56 (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 VICOM LTD. (WJP)?
Earnings per share at VICOM LTD. are 0.1300 SGD (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VICOM LTD. (WJP)?
The dividend yield of VICOM LTD. is 4.7% (payout 64.6%). 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 VICOM LTD. (WJP)?
The net margin of VICOM LTD. is 25.7% (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 VICOM LTD. (WJP)?
The return on equity (ROE) of VICOM LTD. is 30.1% (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 VICOM LTD. (WJP)?
On an EBIT basis the return on assets of VICOM LTD. is 16.7% (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 VICOM LTD. (WJP)?
The operating margin of VICOM LTD. is 32.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VICOM LTD. (WJP)?
Revenue at VICOM LTD. is growing +6.4% versus a year earlier (3y avg +15.9%). 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 VICOM LTD. (WJP)?
Earnings per share at VICOM LTD. are growing +27.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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