APAC Realty Limited

SGX:CLN Stock Report

Market Cap: S$140.1m

APAC Realty Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: CLN (SGD0.39) is trading below our estimate of fair value (SGD0.91)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CLN. This is calculated by dividing CLN's market cap by their current earnings.
What is CLN's PE Ratio?
PE Ratio12.9x
EarningsS$10.84m
Market CapS$140.09m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CLN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.5x
OYY PropNex
15.4x6.0%S$688.2m
41O LHN
4.5x-10.3%S$213.3m
BTE Bund Center Investment
26xn/aS$277.0m
5JK Hiap Hoe
44.1xn/aS$265.9m
CLN APAC Realty
12.9x15.9%S$140.1m

Price-To-Earnings vs Peers: CLN is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AZA IPC
1.9xn/aUS$6.19m
No more companies available in this PE range
CLN 12.9xIndustry Avg. 13.9xNo. of Companies6PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CLN is good value based on its Price-To-Earnings Ratio (12.9x) compared to the SG Real Estate industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is CLN'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.

CLN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio10.4x

Price-To-Earnings vs Fair Ratio: CLN is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).

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 CLN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$0.39
S$0.43
+11.5%
3.4%S$0.45S$0.42n/a2
Dec ’25S$0.39
S$0.43
+11.5%
3.4%S$0.45S$0.42n/a2
Nov ’25S$0.39
S$0.43
+13.0%
3.4%S$0.45S$0.42n/a2
Oct ’25S$0.38
S$0.43
+14.5%
3.4%S$0.45S$0.42n/a2
Sep ’25S$0.38
S$0.45
+20.0%
5.4%S$0.48S$0.42n/a3
Aug ’25S$0.40
S$0.48
+21.5%
10.2%S$0.54S$0.42n/a3
Jul ’25S$0.40
S$0.49
+21.7%
8.4%S$0.54S$0.44n/a3
Jun ’25S$0.40
S$0.49
+21.7%
8.4%S$0.54S$0.44n/a3
May ’25S$0.43
S$0.49
+11.9%
8.4%S$0.54S$0.44n/a3
Apr ’25S$0.45
S$0.49
+8.1%
8.4%S$0.54S$0.44n/a3
Mar ’25S$0.44
S$0.49
+12.1%
6.9%S$0.54S$0.46n/a3
Feb ’25S$0.46
S$0.52
+13.0%
8.7%S$0.57S$0.46n/a3
Jan ’25S$0.51
S$0.52
+3.0%
8.7%S$0.57S$0.46n/a3
Dec ’24S$0.48
S$0.52
+8.3%
8.7%S$0.57S$0.46S$0.393
Nov ’24S$0.49
S$0.55
+12.2%
2.6%S$0.57S$0.54S$0.393
Oct ’24S$0.53
S$0.59
+13.0%
12.7%S$0.70S$0.54S$0.383
Sep ’24S$0.54
S$0.59
+10.9%
12.7%S$0.70S$0.54S$0.383
Aug ’24S$0.60
S$0.64
+5.2%
14.8%S$0.77S$0.57S$0.403
Jul ’24S$0.60
S$0.64
+6.1%
14.8%S$0.77S$0.57S$0.403
Jun ’24S$0.59
S$0.64
+7.9%
14.8%S$0.77S$0.57S$0.403
May ’24S$0.61
S$0.67
+8.4%
11.1%S$0.77S$0.60S$0.433
Apr ’24S$0.66
S$0.67
+1.0%
11.1%S$0.77S$0.60S$0.453
Mar ’24S$0.60
S$0.67
+10.2%
11.1%S$0.77S$0.60S$0.443
Feb ’24S$0.64
S$0.65
+2.9%
12.6%S$0.77S$0.59S$0.463
Jan ’24S$0.59
S$0.65
+10.7%
12.6%S$0.77S$0.59S$0.513
Dec ’23S$0.56
S$0.65
+15.6%
12.6%S$0.77S$0.59S$0.483

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 23:13
End of Day Share Price 2024/12/18 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

APAC Realty Limited is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Justin JenkinsCGS International
Paul ChewPhillip Securities Pte Ltd
Vijay NatarajanRHB Investment Bank