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VICOM LTD. (WJP) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 642M SGD

VL VICOM LTD. WJP · SG
Price1.84 SGD
Fair Value1.83 SGD
Upside-0.5%
Quality76/100
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Expensive Growth
Highly profitable · 25.4% net margin
generates free cash flow
4.64% dividend yield
Ranks above peers (9/14)
Wide moat 98/100
Evidence: High Range 1.09 SGD – 2.71 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 5 days ago

Share price +2.8% over the past month.

A strong business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (1.09 SGD to 2.71 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.87 SGD 1.14 SGD Fair Value 1.83 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 1.14 SGD – 1.87 SGD · fair‑value band 1.09 SGD – 2.71 SGD · the 1.84 SGD price screens above the 1.83 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

VICOM LTD. (WJP) currently trades at 1.84 SGD, while our model-based Fair Value estimate is 1.83 SGD, implying the stock looks roughly 0.5% fairly valued today. The Quality Score stands at 76/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

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 15.3. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.09 SGD (bear case) to 2.71 SGD (bull case); at 1.84 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -5% fair-value upside, at -1%, WJP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income 0.6900 SGD 0.9300 SGD 4.41 SGD 76
Growth DCF 0.7000 SGD 0.9800 SGD 1.36 SGD 72
Growth-Adj P/E 1.45 SGD 2.08 SGD 2.70 SGD 68
All 24 models by family
DCF Models
FCF DCF 0.7100 SGD 1.01 SGD 1.45 SGD 38
Owner Earnings 0.5000 SGD 0.6900 SGD 0.9700 SGD 31
5Y Revenue Exit 0.6000 SGD 0.8600 SGD 1.20 SGD 39
5Y EBITDA Exit 1.22 SGD 2.07 SGD 3.12 SGD 41
5Y P/E Exit 1.47 SGD 2.56 SGD 3.78 SGD 38
10Y Revenue Exit 0.6300 SGD 0.8700 SGD 1.20 SGD 36
10Y EBITDA Exit 1.00 SGD 1.66 SGD 2.61 SGD 37
10Y P/E Exit 1.15 SGD 1.98 SGD 3.10 SGD 35
Earnings-Based
Graham-Dodd 0.8100 SGD 3.23 SGD 4.39 SGD 54
Lynch FV 0.8000 SGD 1.14 SGD 1.48 SGD 50
PEG = 1.0 0.8000 SGD 1.14 SGD 1.48 SGD 46
EPV 1.19 SGD 1.33 SGD 1.45 SGD 59
Multiples
P/E Multiple 1.98 SGD 2.64 SGD 3.29 SGD 63
P/S Multiple 0.4200 SGD 0.5600 SGD 0.7000 SGD 58
P/B Multiple 1.36 SGD 1.82 SGD 2.27 SGD 55
EV/EBIT 2.13 SGD 2.78 SGD 3.44 SGD 53
EV/EBITDA 1.69 SGD 2.20 SGD 2.71 SGD 54
EV/Revenue 0.5500 SGD 0.7200 SGD 0.8900 SGD 43
Asset-Based
NCAV (Graham) 0.2300 SGD 0.3000 SGD 0.4500 SGD 50
Growth DCF
Growth DCF 0.7000 SGD 0.9800 SGD 1.36 SGD 72
Rev-Margin DCF 0.6000 SGD 0.8600 SGD 1.18 SGD 67
Economic Profit
Residual Income 0.6900 SGD 0.9300 SGD 4.41 SGD 76
ROIC Compounder 1.27 SGD 1.50 SGD 1.76 SGD 67
Growth Earnings
Growth-Adj P/E 1.45 SGD 2.08 SGD 2.70 SGD 68

Widest divergence: Growth Earnings (2.08 SGD) versus Asset-Based (0.3000 SGD). Highest evidence: Residual Income (76).

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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 15.3
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 · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 72 · Market factors (momentum, volatility) 74

Profitability 80
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

VICOM Ltd, an investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Full company description

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.

Company description, as reported by the company or data provider.

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
165M SGD
Latest YoY
+41.0%
Avg. growth/yr (3Y) 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.
+15.9%
Avg. growth/yr (5Y) 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.
+13.8%
Avg. growth/yr (9Y) 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.
+5.6%
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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Cite: Fair Value Calculator (2026). "VICOM LTD. Fair Value". https://www.fairvalue-calculator.com/stock/WJP

Peer Group

Auto & Truck Dealerships · 103 stocks

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.

Quality Score 76 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 28% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 36% · Top 25%
Revenue growth 54% · Top 25%
Dividend yield (TTM) 4.6% · Above median

Valuation Multiples vs Auto & Truck Dealerships median · lower = cheaper

P/E (TTM) 15.3× · Cheaper than median
P/B 3.12× · Pricier than 75% of peers
P/S (TTM) 3.00× · Pricier than 75% of peers
P/FCF 26.2× · Pricier than 75% of peers
EV/EBITDA 7.4× · Pricier than median
PEG 1.85× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 31
FUTURE 100 · sector 8
PAST 100 · sector 20
HEALTH 0 · sector 90
DIVIDEND 93 · sector 75

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto & Truck Dealerships stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Carvana Co CVNA $72.48 $24.58 -66%
Penske Automotive Group PAG $218.00 $217.41 -0%
D'Ieteren Group DIE €175.00 €105.40 -40%
Hotai Motor Co 2207 524.00 TWD 558.82 TWD +7%
CarMax, Inc KMX $58.71 $29.44 -50%
Lithia Motors, Inc LAD $378.55 $498.50 +32%
AutoNation, Inc AN $208.62 $329.77 +58%
Rush Enterprises, Inc RUSHA $80.63 $66.27 -18%
Valvoline Inc VVV $33.30 $24.55 -26%
OPENLANE, Inc OPLN $35.33 $33.46 -5%

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Frequently asked questions

Is VICOM LTD. (WJP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.83 SGD versus a price of 1.84 SGD, about −1% (fairly valued).
What is the fair value of WJP?
Our model-based fair value for VICOM LTD. is 1.83 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 1.84 SGD.
What is the quality score of WJP?
VICOM LTD. has a Quality Score of 76/100. 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 revenue of VICOM LTD. (WJP)?
VICOM LTD. reported trailing-twelve-month revenue of about 167M SGD (latest available figure, as of Aug 13, 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 Aug 13, 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.

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