Keppel Corporation Limited (KPELY) Fair Value & Analysis
Industrials · US · Market cap $16.0B · ISIN US4920513052
What is Keppel Corporation Limited really worth?
Keppel Corporation Limited
KPELY · US
A solid business, but trading 140% above our fair value of $7.77.
Strengths
Risks
For context
Fair value as of: Aug 28, 2026
From 12 valuation models · updated 8 days ago
Share price +6.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($11.74). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
60‑month range $3.00 – $20.37 · fair‑value band $7.77 – $11.74 · the $18.61 price screens above the $7.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 28, 2026.
Analysis
Keppel Corporation Limited (KPELY) currently trades at $18.61, while our model-based Fair Value estimate is $7.77, implying the stock looks roughly 139.5% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of $15.10 per share, and 1 of the 12 models we run sit above the $18.61 price. Bear case: the Growth DCF group reads lowest at $0.9900, and 11 of the 12 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Keppel Corporation Limited generated revenue of $6.0B at a net margin of 13.4%. Revenue declined 5.2% year over year. It earns a return on equity of 9.0%. Net debt stands at $9.1B. Fundamentals as of Aug 28, 2026
Our scenario range runs from $7.77 (bear case) to $11.74 (bull case); at $18.61, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 76% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at −58%, KPELY screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.3587 per share, which is 4.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 12 models by family
Widest divergence: Multiples ($15.10) versus Growth DCF ($0.9900). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 65
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity businesses in Singapore, China, Hong Kong, other Far East and ASEAN countries, and internationally.
Full company description
Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity businesses in Singapore, China, Hong Kong, other Far East and ASEAN countries, and internationally. The company manages private funds and listed real estate investment and business trusts in areas of infrastructure, real estate, and connectivity; provides energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure operation and maintenance; sustainable and urban space solutions; sustainable urban renewal and senior living services; system integration solutions and services; and engages in the property development and investment, and master development activities. It also offers telecommunication services; leases, develops, operates, and manages data centres; trades and sells telecommunication and information technology equipment; and develops and operates golf club. In addition, the company engages in electricity, energy and power supply; general wholesale trading; purchase and sale of gaseous fuels; development of district heating and cooling system; environmental, technology, and engineering works and construction activities; solid waste treatment activities; design and construction of waste-to-energy and desalination plants; commercial power generation; ownership and operation of hotels; and renewable energy generation activities. The company was formerly known as Keppel Corporation and changed its name to Keppel Ltd. in January 2024. Keppel Ltd. Limited was incorporated in 1968 and is headquartered in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Keppel Corporation Limited reported revenue of 6.0B SGD in FY2025 versus 6.6B SGD in FY2021, a compound −2.5%/yr. Reported net income was 800M SGD in FY2025, compounding −6.0%/yr from FY2021.
of which total revenue −4.8 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
KPELY screens 140% overvalued. Compare with ITOCHU Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Keppel Ltd (KPELF) (H1 2026) Earnings Call Highlights: Strong FUM Growth and Recurring Income ...
- Apollo and Singapore’s Keppel to Invest in New Offshore Energy Asset Fund
- KBR's PureSAF Technology Selected by Keppel and Aster for Licensing and FEED for Asia's First Commercial-Scale Ethanol-to-Jet Sustainable Av
- Keppel (KPELY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Peer Group
Conglomerates · 375 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
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| Swire Pacific Limited 0019 | HK$106.30 | HK$36.88 | −65% |
| SK Inc 034730 | 553,000 KRW | 615,077 KRW | +11% |
| PT Astra International Tbk, ASII | 4,800 IDR | 9,600 IDR | +100% |
| Jardine Matheson Holdings J36 | $59.10 | $79.11 | +34% |
| Kingboard Holdings 0148 | HK$45.52 | HK$32.91 | −28% |
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