APAC Realty Limited

SGX:CLN Stock Report

Market Cap: S$288.8m

APAC Realty Valuation

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

S$0.84
Fair Value
20.1% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: CLN (SGD0.67) is trading below our estimate of fair value (SGD0.84)

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 Ratio20.1x
EarningsS$14.39m
Market CapS$288.79m

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 Average23x
OYY PropNex
27x6.18%S$1.7b
T24 Tuan Sing Holdings
16.3xn/aS$381.1m
S3N GRC
24.4xn/aS$298.0m
5JK Hiap Hoe
24.2xn/aS$265.9m
CLN APAC Realty
20.1x15.28%S$288.8m

Price-To-Earnings vs Peers: CLN is good value based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1F3 Aspen (Group) Holdings
2.5xn/aUS$34.46m
AZA IPC
2.5xn/aUS$10.06m
No more companies available in this PE range
CLN 20.1xIndustry Avg. 16.3xNo. of Companies7PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CLN is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the SG Real Estate industry average (16.3x).

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 Ratio20.1x
Fair PE Ratio16.6x

Price-To-Earnings vs Fair Ratio: CLN is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

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$0.67
S$0.67
-0.084%
0.59%S$0.68S$0.67n/a3
Sep ’26S$0.63
S$0.60
-5.08%
17.44%S$0.68S$0.45n/a3
Aug ’26S$0.46
S$0.41
-10.51%
7.41%S$0.45S$0.38n/a3
Jul ’26S$0.40
S$0.40
-0.70%
4.31%S$0.42S$0.38n/a3
Jun ’26S$0.37
S$0.40
+8.33%
4.31%S$0.42S$0.38n/a3
May ’26S$0.34
S$0.40
+16.26%
4.31%S$0.42S$0.38n/a3
Apr ’26S$0.35
S$0.40
+14.86%
4.31%S$0.42S$0.38n/a3
Mar ’26S$0.35
S$0.38
+10.04%
7.23%S$0.42S$0.35n/a3
Feb ’26S$0.38
S$0.38
+0.37%
7.23%S$0.42S$0.35n/a3
Jan ’26S$0.32
S$0.36
+12.99%
3.45%S$0.38S$0.35n/a2
Dec ’25S$0.32
S$0.36
+11.54%
3.45%S$0.38S$0.35n/a2
Nov ’25S$0.32
S$0.36
+12.99%
3.45%S$0.38S$0.35n/a2
Oct ’25S$0.32
S$0.36
+14.47%
3.45%S$0.38S$0.35S$0.682
Sep ’25S$0.31
S$0.38
+20.00%
5.44%S$0.40S$0.35S$0.633
Aug ’25S$0.33
S$0.40
+21.52%
10.21%S$0.45S$0.35S$0.463
Jul ’25S$0.33
S$0.41
+21.67%
8.45%S$0.45S$0.37S$0.403
Jun ’25S$0.33
S$0.41
+21.67%
8.45%S$0.45S$0.37S$0.373
May ’25S$0.36
S$0.41
+11.88%
8.45%S$0.45S$0.37S$0.343
Apr ’25S$0.37
S$0.41
+8.15%
8.45%S$0.45S$0.37S$0.353
Mar ’25S$0.37
S$0.41
+12.12%
6.89%S$0.45S$0.38S$0.353
Feb ’25S$0.38
S$0.43
+13.04%
8.74%S$0.47S$0.38S$0.383
Jan ’25S$0.42
S$0.43
+2.97%
8.74%S$0.47S$0.38S$0.323
Dec ’24S$0.40
S$0.43
+8.33%
8.74%S$0.47S$0.38S$0.323
Nov ’24S$0.41
S$0.46
+12.24%
2.57%S$0.47S$0.45S$0.323
Oct ’24S$0.44
S$0.49
+13.01%
12.71%S$0.58S$0.45S$0.323
S$0.67
Fair Value
0.08% overvalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/05 08:20
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

APAC Realty Limited is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mun Yee LockCGS International
Dale LaiDBS Bank Ltd
Tabitha FooDBS Bank Ltd