Sembcorp Industries Ltd (U96) Fair Value & Analysis
Utilities · SG · Market cap 10.6B SGD
Fair value as of: Aug 13, 2026
From 20 valuation models · updated yesterday
Share price +1.5% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 4.89 SGD (bear) to 8.14 SGD (bull), base 5.22 SGD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 46/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 1.55 SGD – 7.55 SGD · fair‑value band 4.89 SGD – 8.14 SGD · the 5.59 SGD price screens above the 5.22 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Sembcorp Industries Ltd (U96) currently trades at 5.59 SGD, while our model-based Fair Value estimate is 5.22 SGD, implying the stock looks roughly 6.6% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Sembcorp Industries Ltd generated revenue of 5.8B SGD at a net margin of 17.0%. Revenue declined 8.3% year over year. It earns a return on equity of 17.6%. Net debt stands at 7.8B SGD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 4.89 SGD (bear case) to 8.14 SGD (bull case); at 5.59 SGD, the current price sits within 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 27% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -7%, U96 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 20 models by family
Widest divergence: Growth Earnings (8.78 SGD) versus Growth DCF (0.6900 SGD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 46
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.
About the company
Sembcorp Industries Ltd, an investment holding company, engages in providing industrial and urban solutions in Singapore, China, India, Vietnam, the UK, Oman, Rest of Middle East and Rest of Asia, and internationally.
Full company description
Sembcorp Industries Ltd, an investment holding company, engages in providing industrial and urban solutions in Singapore, China, India, Vietnam, the UK, Oman, Rest of Middle East and Rest of Asia, and internationally. The company operates through five segments: Gas and Related Services, Renewables, Integrated Urban Solutions, Decarbonisation Solutions, and Other Businesses and Corporate. The Gas and Related Service segment engages in the sale of energy molecules, including natural gas, steam, and electricity from various fossil fuels, such as natural gas; and water products. The Renewables segment provides electricity from solar and wind resources and energy storage solutions, as well as system services that support integration of renewables into grid. This segment also includes the development and provision of installation, operation, and maintenance of solar, wind, and energy storage assets. The Integrated Urban Solutions segment develops large-scale integrated urban and integrated townships, such as industrial parks, business, commercial and residential spaces, and production and reclamation of water and industrial wastewater treatment, as well as solid waste management and waste-to-resource solutions. The Decarbonisation Solutions segment trades in environmental attributes, green hydrogen and ammonia, and power, as well as engages in carbon capture, utilization, and storage business. The Other Businesses and Corporate segment engages in the construction and minting activities; and insurance and financial services. The company was formerly known as Minaret Limited and changed its name to Sembcorp Industries Ltd in July 1998. Sembcorp Industries Ltd was incorporated in 1998 and is headquartered in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sembcorp Industries Ltd reported revenue of 5.8B SGD in FY2025 versus 7.8B SGD in FY2021, a compound −7.1%/yr. Reported net income was 984M SGD in FY2025, compounding +37.0%/yr from FY2021.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- FPT and Sembcorp Explore Opportunities in AI, Digital Infrastructure and Sustainable Development Across APAC
- Sembcorp Industries Ltd (SGX:U96) Is About To Go Ex-Dividend, And It Pays A 3.8% Yield
- Is It Too Late To Consider Sembcorp Industries (SGX:U96) After Its Recent Share Price Strength
- Sembcorp Lines Up A$3 Billion Loan for A$6.5 Billion Alinta Deal
Peer Group
Utilities - Diversified · 51 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 Utilities - Diversified median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.30 | €8.45 | -58% |
| Enel SpA ENEL | €9.72 | €4.82 | -50% |
| Engie SA 1ENGI | €25.96 | €17.39 | -33% |
| Sempra SRE | $85.92 | $44.47 | -48% |
| E.ON SE EOAN | €18.42 | €11.71 | -36% |
| RWE Aktiengesellschaft generates and 1RWE | €59.36 | €29.64 | -50% |
| ACWA Power Company 2082 | 184.00 SAR | 24.19 SAR | -87% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$54.99 | C$34.34 | -38% |
| EnBW Energie Baden-Württemberg AG EBK | €68.60 | €21.11 | -69% |
| EDP, S.A EDP | €4.47 | €3.81 | -15% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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