Sing Holdings Valuation

Q: What is the Fair Price of 5IC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

5IC (SGD0.34) is trading above our estimate of [[fair value]] (SGD0.18)

Is 5IC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 5IC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 5IC (SGD0.34) is trading above our estimate of fair value (SGD0.18)

Significantly Below Fair Value: 5IC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 5IC?

Key metric: As 5IC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 5IC. This is calculated by dividing 5IC's market cap by their current earnings.
What is 5IC's PE Ratio?
PE Ratio	17.4x
Earnings	S$7.72m
Market Cap	S$134.33m

5IC 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	50.8x
Enterprise Value/EBITDA	40.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 5IC's PE Ratio compare to its peers?

The above table shows the PE ratio for 5IC 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	34.4x
C33 Chuan Hup Holdings	55.7x	n/a	S$147.3m
P36 Pan Hong Holdings Group	25.8x	n/a	S$49.2m
5JK Hiap Hoe	43.7x	n/a	S$263.5m
Z59 Yoma Strategic Holdings	12.6x	n/a	S$157.5m
5IC Sing Holdings	17.4x	n/a	S$134.3m

Price-To-Earnings vs Peers: 5IC is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (34.4x).

Price to Earnings Ratio vs Industry

How does 5IC's PE Ratio compare vs other companies in the SG Real Estate Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
AZA IPC	1.9x	n/a	US$6.52m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 5IC is expensive based on its Price-To-Earnings Ratio (17.4x) compared to the SG Real Estate industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is 5IC'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.

5IC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 5IC'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?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Oxley Holdings

S$317.2m

An investment holding company, engages in the investment and development of properties in Singapore, the United Kingdom, Ireland, Cambodia, Malaysia, Australia, and the People’s Republic of China.

5UX

S$0.075

-1.3%

-25.0%

Amplefield

S$16.2m

An investment holding company, engages in the property development and investment, construction, and facility provision activities in Malaysia and the Philippines.

AOF

S$0.018

Frasers Property

S$3.6b

An investment holding company, develops, invests in, and manages a portfolio of real estate properties.

TQ5

S$0.92

10.2%