The Discounted Cash Flow (DCF) valuation of Tiong Seng Holdings Ltd (BFI.SI) is 0.27 SGD. With the latest stock price at 0.10 SGD, the upside of Tiong Seng Holdings Ltd based on DCF is 179.6%.
Based on the latest price of 0.10 SGD and our DCF valuation, Tiong Seng Holdings Ltd (BFI.SI) is a buy. Buying BFI.SI stocks now will result in a potential gain of 179.6%.
Range | Selected | |
WACC / Discount Rate | 4.2% - 15.5% | 9.8% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 0.05 - 2.9 | 0.27 |
Upside | -48.6% - 2949.6% | 179.6% |
(SGD in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 536 | 565 | 639 | 707 | 798 | 875 |
% Growth | 13% | 5% | 13% | 11% | 13% | 10% |
Cost of goods sold | (509) | (526) | (583) | (632) | (699) | (752) |
% of Revenue | 95% | 93% | 91% | 89% | 88% | 86% |
Selling, G&A expenses | (17) | (18) | (20) | (23) | (26) | (28) |
% of Revenue | 3% | 3% | 3% | 3% | 3% | 3% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (4) | (4) | (5) | (5) | (6) | (6) |
% of Revenue | 1% | 1% | 1% | 1% | 1% | 1% |
Tax expense | (3) | (1) | (1) | (2) | (2) | (3) |
Tax rate | 51% | 3% | 3% | 3% | 3% | 3% |
Net profit | 3 | 16 | 30 | 46 | 65 | 86 |
% Margin | 1% | 3% | 5% | 6% | 8% | 10% |