Boustead Singapore Ltd
SGX:F9D

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Boustead Singapore Ltd
SGX:F9D
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Price: 2.2 SGD -1.35% Market Closed
Market Cap: S$1.2B

P/S

2.1
Current
193%
More Expensive
vs 3-y average of 0.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.1
=
Market Cap
S$1.1B
/
Revenue
S$525.9m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.1
=
Market Cap
S$1.1B
/
Revenue
S$525.9m

Valuation Scenarios

Boustead Singapore Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (0.7), the stock would be worth S$0.75 (66% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-67%
Maximum Upside
No Upside Scenarios
Average Downside
53%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.1 S$2.2
0%
3-Year Average 0.7 S$0.75
-66%
5-Year Average 0.7 S$0.73
-67%
Industry Average 1 S$1.07
-51%
Country Average 1.5 S$1.56
-29%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
S$1.1B
/
Oct 2025
S$525.9m
=
2.1
Current
S$1.1B
/
Mar 2026
S$625.1m
=
1.8
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
SG
Boustead Singapore Ltd
SGX:F9D
1.1B SGD 2.1 11.8
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 1.5 19.9
US
Quanta Services Inc
NYSE:PWR
93.5B USD 3.3 91
FR
Vinci SA
PAR:DG
70.9B EUR 0.9 14.4
US
Comfort Systems USA Inc
NYSE:FIX
60.7B USD 6.7 59.4
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 2 33.9
IN
Larsen and Toubro Ltd
F:LTO
46.8B EUR 1.8 30.8
ES
Ferrovial SA
MAD:FER
43.3B EUR 4.4 47.9
NL
Ferrovial SE
AEX:FER
42.3B EUR 4.4 47.6
DE
Hochtief AG
XETRA:HOT
34.5B EUR 0.9 38.2
US
EMCOR Group Inc
NYSE:EME
38.7B USD 2.3 30.4

Market Distribution

In line with most companies in Singapore
Percentile
57th
Based on 619 companies
57th percentile
2.1
Low
0 — 0.8
Typical Range
0.8 — 3.3
High
3.3 —
Distribution Statistics
Singapore
Min 0
30th Percentile 0.8
Median 1.5
70th Percentile 3.3
Max 215.8

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 14%
Intrinsic Value
Price S$2.2
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