Venture Corporation Limited

SGX:V03 Stock Report

Market Cap: S$3.7b

Venture Valuation

Is V03 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 V03 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
S$16.55
Fair Value
22.5% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: V03 (SGD12.83) is trading below our estimate of fair value (SGD16.55)

Significantly Below Fair Value: V03 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for V03?

Key metric: As V03 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for V03. This is calculated by dividing V03's market cap by their current earnings.
What is V03's PE Ratio?
PE Ratio14.6x
EarningsS$253.67m
Market CapS$3.67b

Price to Earnings Ratio vs Peers

How does V03's PE Ratio compare to its peers?

The above table shows the PE ratio for V03 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.7x
8AZ Aztech Global
6.1x-6.1%S$528.7m
BN2 Valuetronics Holdings
8.8x4.7%S$256.1m
TTMI TTM Technologies
38x51.5%US$2.6b
CCET Cal-Comp Electronics (Thailand)
42x29.2%฿87.8b
V03 Venture
14.6x6.9%S$3.7b

Price-To-Earnings vs Peers: V03 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does V03's PE Ratio compare vs other companies in the Asian Electronic Industry?

38 CompaniesPrice / EarningsEstimated GrowthMarket Cap
V03 14.6xIndustry Avg. 24.2xNo. of Companies136PE020406080100+
38 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: V03 is good value based on its Price-To-Earnings Ratio (14.6x) compared to the Asian Electronic industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is V03'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.

V03 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.6x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: V03 is expensive based on its Price-To-Earnings Ratio (14.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).

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 V03 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentS$12.83
S$14.18
+10.5%
10.9%S$16.46S$11.00n/a12
Jan ’26S$13.15
S$14.11
+7.3%
10.6%S$16.46S$11.00n/a13
Dec ’25S$12.87
S$14.16
+10.0%
10.9%S$16.46S$11.00n/a13
Nov ’25S$13.36
S$14.85
+11.1%
9.6%S$16.50S$12.70n/a13
Oct ’25S$13.94
S$14.85
+6.5%
9.6%S$16.50S$12.70n/a13
Sep ’25S$14.02
S$14.85
+5.9%
9.6%S$16.50S$12.70n/a13
Aug ’25S$15.55
S$15.09
-3.0%
10.9%S$18.00S$12.70n/a13
Jul ’25S$14.28
S$14.91
+4.4%
10.8%S$18.00S$12.70n/a13
Jun ’25S$14.02
S$14.91
+6.3%
10.8%S$18.00S$12.70n/a13
May ’25S$14.52
S$14.95
+3.0%
11.6%S$18.00S$12.50n/a12
Apr ’25S$14.13
S$14.95
+5.8%
11.6%S$18.00S$12.50n/a12
Mar ’25S$14.00
S$14.95
+6.8%
11.6%S$18.00S$12.50n/a12
Feb ’25S$13.62
S$15.06
+10.5%
13.3%S$20.00S$12.50n/a12
Jan ’25S$13.61
S$14.87
+9.3%
13.8%S$20.00S$12.50S$13.1512
Dec ’24S$13.02
S$14.87
+14.2%
13.8%S$20.00S$12.50S$12.8712
Nov ’24S$11.84
S$15.98
+34.9%
16.6%S$21.50S$12.50S$13.3612
Oct ’24S$12.37
S$16.06
+29.8%
16.1%S$21.50S$13.30S$13.9412
Sep ’24S$13.11
S$16.06
+22.5%
16.1%S$21.50S$13.30S$14.0212
Aug ’24S$14.75
S$17.72
+20.1%
14.2%S$23.00S$13.60S$15.5512
Jul ’24S$14.71
S$18.23
+23.9%
11.6%S$23.00S$15.30S$14.2812
Jun ’24S$14.97
S$18.34
+22.5%
11.9%S$23.00S$15.30S$14.0212
May ’24S$16.97
S$19.88
+17.1%
10.1%S$23.00S$16.70S$14.5213
Apr ’24S$17.67
S$20.16
+14.1%
9.5%S$23.00S$16.70S$14.1313
Mar ’24S$17.26
S$20.16
+16.8%
9.5%S$23.00S$16.70S$14.0013
Feb ’24S$18.50
S$20.60
+11.4%
9.8%S$23.30S$16.70S$13.6213
Jan ’24S$17.06
S$20.56
+20.5%
9.9%S$23.30S$16.70S$13.6113
Analyst Price Target
Consensus Narrative from 12 Analysts
S$14.18
Fair Value
9.5% undervalued intrinsic discount
12
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 10:44
End of Day Share Price 2025/01/21 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

Venture Corporation Limited is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brenda LeeBNP Paribas Securities (Asia)
Thomas MurphyCGS International
Jame OsmanCitigroup Inc