S63 Stock Analysis: SINGAPORE TECH ENGINEERING | SG
Aerospace & Defense | SG, Singapore | Market Cap: 32.540m SGD | 12M Return: 24.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.4M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Singapore Technologies Engineering Ltd (ST Engineering) is a Singapore-headquartered technology, defence, and engineering group operating across three segments: Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom. The Commercial Aerospace segment provides cabin interiors, nacelles and aerostructures, composite panels, passenger-to-freighter conversions, and airframe/engine/component MRO services alongside aviation asset management and aircraft leasing. The Defence & Public Security segment supplies air, land, and sea defence systems, training and simulation, logistics and facilities management, maritime systems, and cybersecurity, intelligence, surveillance, and reconnaissance (C4ISR) solutions. The Urban Solutions & Satcom segment delivers smart mobility systems (including metro, rail MRO, commercial and electric vehicles, and bus rapid transit), smart city infrastructure (lighting, water, sensors, energy, and buildings), digital platforms, and advanced satellite communications, including Wing-in-Ground craft solutions.
The company was founded in 1967 and operates worldwide. As a diversified aerospace and defence contractor, its revenue mix blends long-cycle government defence contracts with recurring commercial MRO and aftermarket services, a model that provides relative earnings stability through aftermarket exposure alongside the growth tied to government defence spending.
- MRO revenue rises on global commercial aviation fleet recovery
- Defense backlog grows amid rising Asian military spending
- Aerostructures margins tied to Boeing 787 production ramp
| Net Income: 462.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.20 > 1.0 |
| NWC/Revenue: 4.92% < 20% (prev -8.11%; Δ 13.03% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.71b > Net Income 462.8m |
| Net Debt (105.4m) to EBITDA (1.26b): 0.08 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.12b) vs 12m ago 0.05% < -2% |
| Gross Margin: 17.48% > 18% (prev 19.28%; Δ -1.80% > 0.5%) |
| Asset Turnover: 76.56% > 50% (prev 69.51%; Δ 7.05% > 0%) |
| Interest Coverage Ratio: 3.66 > 6 (EBIT TTM 725.7m / Interest Expense TTM 198.2m) |
| A: 0.04 (Total Current Assets 8.09b - Total Current Liabilities 7.49b) / Total Assets 16.0b |
| B: 0.11 (Retained Earnings 1.72b / Total Assets 16.0b) |
| C: 0.04 (EBIT TTM 725.7m / Avg Total Assets 16.1b) |
| D: 0.20 (Book Value of Equity 2.57b / Total Liabilities 13.1b) |
| Altman-Z'' = 1.11 = BB |
| DSRI: 0.93 (Receivables 1.48b/1.46b, Revenue 12.3b/11.3b) |
| GMI: 1.10 (GM 19.28% / 17.48%) |
| AQI: 0.82 (AQ_t 0.31 / AQ_t-1 0.38) |
| SGI: 1.09 (Revenue 12.3b / 11.3b) |
| TATA: -0.08 (NI 462.8m - CFO 1.71b) / TA 16.0b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at SGD 10.59 with a total of 2,540,000 shares traded. Over the past week, the price has changed by +1.92%, over one month by +2.02%, over three months by -0.12% and over the past year by +24.49%.
Current recommended Stop Loss: 10.10 (which is 4.6% or 2.3 ATR below the current price).
SINGAPORE TECH ENGINEERING has no consensus analysts rating.
P/E Trailing = 69.5333
P/E Forward = 31.6456
P/S = 2.6467
P/B = 12.5949
P/EG = 0.8228
Revenue TTM = 12.3b SGD
EBIT TTM = 725.7m SGD
EBITDA TTM = 1.26b SGD
Long Term Debt = 2.60b SGD (from longTermDebt, last quarter)
Short Term Debt = 1.55b SGD (from shortLongTermDebt, last quarter)
Debt = 681.9m SGD (Leases only: 681.9m)
Net Debt = 105.4m SGD (calculated: Debt 681.9m - CCE 576.4m)
Enterprise Value = 32.6b SGD (32.5b + Debt 681.9m - CCE 576.4m)
Interest Coverage Ratio = 3.66 (Ebit TTM 725.7m / Interest Expense TTM 198.2m)
EV/FCF = 28.95x (Enterprise Value 32.6b / FCF TTM 1.13b)
FCF Yield = 3.45% (FCF TTM 1.13b / Enterprise Value 32.6b)
FCF Margin = 9.13% (FCF TTM 1.13b / Revenue TTM 12.3b)
Net Margin = 3.75% (Net Income TTM 462.8m / Revenue TTM 12.3b)
Gross Margin = 17.48% ((Revenue TTM 12.3b - Cost of Revenue TTM 10.2b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 2.04 (Enterprise Value 32.6b / Total Assets 16.0b)
Interest Expense / Debt = 29.06% (Interest Expense 198.2m / Debt 681.9m)
Taxrate = 29.27% (205.2m / 701.0m)
NOPAT = 513.2m (EBIT 725.7m * (1 - 29.27%))
Current Ratio = 1.08 (Total Current Assets 8.09b / Total Current Liabilities 7.49b)
Debt / Equity = 0.26 (Debt 681.9m / totalStockholderEquity, last quarter 2.57b)
Debt / EBITDA = 0.08 (Net Debt 105.4m / EBITDA 1.26b)
Debt / FCF = 0.09 (Net Debt 105.4m / FCF TTM 1.13b)
Total Stockholder Equity = 2.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.87% (Net Income 462.8m / Total Assets 16.0b)
RoE = 17.59% (Net Income TTM 462.8m / Total Stockholder Equity 2.63b)
RoCE = 13.88% (EBIT 725.7m / Capital Employed (Equity 2.63b + L.T.Debt 2.60b))
RoIC = 6.44% (NOPAT 513.2m / Invested Capital 7.97b)
WACC = 6.41% (E(32.5b)/V(33.2b) * Re(6.11%) + D(681.9m)/V(33.2b) * Rd(29.06%) * (1-Tc(0.29)))
Discount Rate = 6.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -58.45 | Cagr: -0.37%
[DCF] Terminal Value 74.90% ; FCFF base≈1.15b ; Y1≈1.11b ; Y5≈1.10b
[DCF] Fair Price = 5.51 (EV 17.3b - Net Debt 105.4m = Equity 17.2b / Shares 3.12b; r=8.35% [WACC [floored]]; 5y FCF grow -3.86% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 99.85 | Revenue CAGR: 10.56% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.33 | Chg30d=-0.45% | Revisions=+25% | GrowthEPS=+22.2% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=0.38 | Chg30d=-0.57% | Revisions=-25% | GrowthEPS=+15.5% | GrowthRev=+10.6%
[Analyst] Revisions Ratio: +0% (up=1, down=1)