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VICOM Ltd (WJP) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 642M SGD

VL VICOM Ltd WJP · SG
Price1.81 SGD
Fair Value1.83 SGD
Upside+1.1%
Quality75/100
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Evidence: High Range 1.09 SGD – 2.71 SGD

Fair value as of: Jul 4, 2026

From 24 valuation models · updated today

Share price +2.3% over the past month.

Price vs Fair Value (12 months)

1.81 SGD 1.38 SGD Fair Value 1.83 SGD Jul 2025 Jul 2026

12‑month range 1.38 SGD – 1.81 SGD · fair‑value band 1.09 SGD – 2.71 SGD · the 1.81 SGD price screens below the 1.83 SGD fair value. As of Jul 4, 2026.

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Analysis

VICOM Ltd (WJP) currently trades at 1.81 SGD, while our model-based Fair Value estimate is 1.83 SGD — implying the stock looks roughly 1.1% undervalued today. We read business quality at 75/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, VICOM Ltd generated revenue of 167M SGD at a net margin of 25.4%. Revenue grew 54.4% year over year. It earns a return on equity of 27.9%. The stock trades on a trailing P/E of 15.1. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 167M SGD
Revenue growth (YoY) +54.4%
Net margin 25.4%
Return on equity 27.9%
Free cash flow 19.2M SGD FY2025
P/E ratio 15.1
More key figures
Operating margin 35.8%
EPS (TTM) 0.1200 SGD
Dividend yield 4.6%
EPS growth (YoY) +77.3%

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

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 …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Revenue +13.1%/yr
FY21 101M SGD
FY22 106M SGD
FY23 110M SGD
FY24 117M SGD
FY25 165M SGD
Net income +14.4%/yr
FY21 24.8M SGD
FY22 26.2M SGD
FY23 27.6M SGD
FY24 29.3M SGD
FY25 42.5M SGD

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Frequently asked questions

Is VICOM Ltd (WJP) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 1.83 SGD versus a price of 1.81 SGD — about +1% (undervalued). Model-based estimate, not financial advice.
What is the fair value of WJP?
Our model-based fair value for VICOM Ltd is 1.83 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 1.81 SGD.
What is the quality score of WJP?
VICOM Ltd has a Quality Score of 75/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of VICOM Ltd (WJP)?
VICOM Ltd reported trailing-twelve-month revenue of about 167M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of WJP?
The net profit margin of VICOM Ltd is about 25.4%, meaning it keeps roughly 25.4% of revenue as net income. Based on the latest reported figures.
Does VICOM Ltd pay a dividend?
VICOM Ltd currently shows a dividend yield of about 4.64% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.