Singapore Post Valuation

Is SGR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SGR (€0.33) is trading below our estimate of fair value (€1.13)

Significantly Below Fair Value: SGR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SGR?

Key metric: As SGR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SGR. This is calculated by dividing SGR's market cap by their current earnings.
What is SGR's PE Ratio?
PE Ratio	15.3x
Earnings	S$78.57m
Market Cap	S$1.17b

SGR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	12.7x
PEG Ratio	2.2x

Price to Earnings Ratio vs Peers

How does SGR's PE Ratio compare to its peers?

The above table shows the PE ratio for SGR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	17.1x
TGHN Logwin	10.3x	-7.4%	€719.8m
MLL Müller - Die lila Logistik	5.3x	n/a	€43.8m
DHL Deutsche Post	12.5x	9.0%	€40.2b
HHFA Hamburger Hafen und Logistik	40.5x	55.0%	€1.3b
SGR Singapore Post	15.3x	6.9%	€1.2b

Price-To-Earnings vs Peers: SGR is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does SGR's PE Ratio compare vs other companies in the European Logistics Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: SGR is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the European Logistics industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is SGR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SGR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SGR's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SGR forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	€0.42 0%	2.5%	€0.43	€0.41	n/a	2
Nov ’25	€0.35	€0.42 +21.1%	0.8%	€0.43	€0.42	n/a	2
Oct ’25	n/a	€0.42 0%	0.8%	€0.42	€0.41	n/a	2
Sep ’25	n/a	€0.42 0%	0.8%	€0.42	€0.41	n/a	2
Aug ’25	n/a	€0.42 0%	1.6%	€0.43	€0.42	n/a	2
Jul ’25	n/a	€0.42 0%	1.6%	€0.43	€0.42	n/a	2
Jun ’25	n/a	€0.42 0%	1.6%	€0.43	€0.42	n/a	2
May ’25	n/a	€0.38 0%	3.6%	€0.40	€0.37	n/a	2
Apr ’25	n/a	€0.38 0%	3.6%	€0.40	€0.37	n/a	2
Mar ’25	n/a	€0.41 0%	2.5%	€0.42	€0.40	n/a	2
Feb ’25	n/a	€0.42 0%	0.8%	€0.42	€0.41	n/a	2
Jan ’25	n/a	€0.42 0%	0.8%	€0.42	€0.41	n/a	2
Dec ’24	n/a	€0.42 0%	0.8%	€0.42	€0.41	n/a	2
Nov ’24	n/a	€0.38 0%	7.6%	€0.41	€0.35	€0.35	2
Oct ’24	n/a	€0.38 0%	7.6%	€0.41	€0.35	n/a	2
Sep ’24	n/a	€0.32 0%	8.3%	€0.35	€0.30	n/a	2
Aug ’24	n/a	€0.34 0%	8.9%	€0.37	€0.31	n/a	2
Jul ’24	n/a	€0.35 0%	8.9%	€0.38	€0.32	n/a	2
Jun ’24	€0.29	€0.35 +19.9%	8.9%	€0.38	€0.32	n/a	2
May ’24	n/a	€0.40 0%	1.7%	€0.41	€0.40	n/a	2
Apr ’24	n/a	€0.46 0%	15.0%	€0.56	€0.41	n/a	3
Mar ’24	n/a	€0.46 0%	15.0%	€0.56	€0.41	n/a	3
Feb ’24	n/a	€0.45 0%	17.3%	€0.56	€0.38	n/a	3
Jan ’24	n/a	€0.46 0%	17.7%	€0.57	€0.37	n/a	4
Dec ’23	n/a	€0.46 0%	17.7%	€0.57	€0.37	n/a	4
Nov ’23	n/a	€0.47 0%	14.2%	€0.57	€0.39	n/a	4

Analyst Forecast: Target price is less than 20% higher than the current share price.