Boustead Singapore Ltd
SGX:F9D

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Boustead Singapore Ltd
SGX:F9D
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Price: 2.27 SGD 3.18%
Market Cap: S$1.2B

EV/S

1.6
Current
759%
More Expensive
vs 3-y average of 0.2

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.6
=
Enterprise Value
S$805m
/
Revenue
S$525.9m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.6
=
Enterprise Value
S$805m
/
Revenue
S$525.9m

Valuation Scenarios

Boustead Singapore Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (0.2), the stock would be worth S$0.26 (88% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-92%
Maximum Upside
+19%
Average Downside
54%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.6 S$2.27
0%
3-Year Average 0.2 S$0.26
-88%
5-Year Average 0.1 S$0.17
-92%
Industry Average 0.7 S$1.03
-55%
Country Average 1.9 S$2.71
+19%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
S$805m
/
Oct 2025
S$525.9m
=
1.6
Current
S$805m
/
Mar 2026
S$625.1m
=
1.3
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Singapore
Percentile
47th
Based on 590 companies
47th percentile
1.6
Low
0 — 0.8
Typical Range
0.8 — 4.4
High
4.4 —
Distribution Statistics
Singapore
Min 0
30th Percentile 0.8
Median 1.9
70th Percentile 4.4
Max 96 818.7

Boustead Singapore Ltd
Glance View

Market Cap
1.2B SGD
Industry
Construction

Boustead Singapore Ltd. operates as an investment holding company. The company employs 1,114 full-time employees The firm is a provider of infrastructure-related engineering services and technology. The firm operates through five segments: Energy Engineering, Real Estate, Geospatial, Healthcare, and HQ activities. The Energy Engineering segment includes design, engineering and supply of systems, including heater systems, waste heat recovery units, process control systems, and water and wastewater treatment plants for the oil and gas, petrochemical, and power industries. Its Real Estate segment includes engineering and construction and development for business park and industrial developments. Its Geospatial segment includes distribution and professional services to Esri geospatial. Its Healthcare segment includes Distribution and services to medical solutions that address chronic diseases. Its HQ activities include management of the groups divisions to maximize shareholders returns.

F9D Intrinsic Value
1.9 SGD
Overvaluation 16%
Intrinsic Value
Price S$2.27
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