S63 Stock Analysis: SINGAPORE TECH ENGINEERING | SG
Aerospace & Defense | SG, Singapore | Market Cap: 30.425m SGD | 12M Return: 20.5% | SG1F60858221 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.2M
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Singapore Technologies Engineering Ltd (SGX: S63) is a Singapore-headquartered technology, defence, and engineering company founded in 1967, operating globally through three segments: Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom. Its aerospace offerings span cabin interiors, composite panels, passenger-to-freighter conversions, aerostructures, unmanned aircraft systems, airframe and engine MRO services, and aviation asset management. Its defence and public security portfolio covers air, land, and sea solutions, training and simulation, homeland security, maritime systems, and advanced C5ISR (command, control, communications, computers, cybersecurity, intelligence, surveillance, and reconnaissance) capabilities. The Urban Solutions & Satcom segment delivers smart mobility, traffic, security, energy, and digital platform solutions, including bus rapid transit and rail systems.
The company is classified as a large-cap Industrials stock within the Aerospace & Defense sub-industry. Its diversified business model combines cyclical aerospace and defence work with longer-cycle public infrastructure and smart-city contracts, while MRO services and asset leasing provide recurring aftermarket revenue that is typical of established aerospace players.
- MRO revenue recovers as Boeing and Airbus ramp production
- Defence order book expands on government spending
- Urban Solutions secures smart city contracts
| Net Income: 462.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.57 > 1.0 |
| NWC/Revenue: -3.25% < 20% (prev -0.94%; Δ -2.30% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.71b > Net Income 462.8m |
| Net Debt (388.3m) to EBITDA (1.26b): 0.31 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.12b) vs 12m ago 0.02% < -2% |
| Gross Margin: 17.48% > 18% (prev 19.28%; Δ -1.80% > 0.5%) |
| Asset Turnover: 75.97% > 50% (prev 70.86%; Δ 5.11% > 0%) |
| Interest Coverage Ratio: 3.66 > 6 (EBIT TTM 725.7m / Interest Expense TTM 198.2m) |
| A: -0.02 (Total Current Assets 8.31b - Total Current Liabilities 8.72b) / Total Assets 16.6b |
| B: 0.11 (Retained Earnings 1.77b / Total Assets 16.6b) |
| C: 0.04 (EBIT TTM 725.7m / Avg Total Assets 16.3b) |
| D: 0.18 (Book Value of Equity 2.52b / Total Liabilities 13.7b) |
| Altman-Z'' = 0.68 = B |
| DSRI: 1.06 (Receivables 1.50b/1.29b, Revenue 12.3b/11.3b) |
| GMI: 1.10 (GM 19.28% / 17.48%) |
| AQI: 0.84 (AQ_t 0.30 / AQ_t-1 0.36) |
| SGI: 1.09 (Revenue 12.3b / 11.3b) |
| TATA: -0.08 (NI 462.8m - CFO 1.71b) / TA 16.6b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of November 13, 2026, the stock is trading at SGD 9.76 with a total of 4,413,100 shares traded. Over the past week, the price has changed by -1.21%, over one month by -6.15%, over three months by -4.62% and over the past year by +20.48%.
Current recommended Stop Loss: 9.40 (which is 3.7% or 1.3 ATR below the current price).
SINGAPORE TECH ENGINEERING has no consensus analysts rating.
P/E Trailing = 54.2222
P/E Forward = 25.641
P/S = 2.3397
P/B = 12.0271
P/EG = 0.6772
Revenue TTM = 12.3b SGD
EBIT TTM = 725.7m SGD
EBITDA TTM = 1.26b SGD
Long Term Debt = 2.60b SGD (from longTermDebt, last fiscal year)
Short Term Debt = 1.55b SGD (from shortLongTermDebt, last fiscal year)
Debt = 681.9m SGD (Leases only: 681.9m)
Net Debt = 388.3m SGD (calculated: Debt 681.9m - CCE 293.6m)
Enterprise Value = 30.8b SGD (30.4b + Debt 681.9m - CCE 293.6m)
Interest Coverage Ratio = 3.66 (Ebit TTM 725.7m / Interest Expense TTM 198.2m)
EV/FCF = 27.32x (Enterprise Value 30.8b / FCF TTM 1.13b)
FCF Yield = 3.66% (FCF TTM 1.13b / Enterprise Value 30.8b)
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 = 1.86 (Enterprise Value 30.8b / Total Assets 16.6b)
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 = 0.95 (Total Current Assets 8.31b / Total Current Liabilities 8.72b)
Debt / Equity = 0.27 (Debt 681.9m / totalStockholderEquity, last quarter 2.52b)
Debt / EBITDA = 0.31 (Net Debt 388.3m / EBITDA 1.26b)
Debt / FCF = 0.34 (Net Debt 388.3m / FCF TTM 1.13b)
Total Stockholder Equity = 2.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.85% (Net Income 462.8m / Total Assets 16.6b)
RoE = 17.66% (Net Income TTM 462.8m / Total Stockholder Equity 2.62b)
RoCE = 13.90% (EBIT 725.7m / Capital Employed (Equity 2.62b + L.T.Debt 2.60b))
RoIC = 6.77% (NOPAT 513.2m / Invested Capital 7.58b)
WACC = 5.61% (E(30.4b)/V(31.1b) * Re(5.27%) + D(681.9m)/V(31.1b) * Rd(29.06%) * (1-Tc(0.29)))
Discount Rate = 5.27% (= 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 = 5.43 (EV 17.3b - Net Debt 388.3m = Equity 16.9b / Shares 3.12b; r=8.35% [WACC [floored]]; 5y FCF grow -3.86% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 99.85 | Revenue CAGR: 10.56% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.34 | Chg30d=-0.15% | Revisions=+31% | GrowthEPS=+26.9% | GrowthRev=+10.2%
EPS next Year (2027-12-31): EPS=0.39 | Chg30d=+0.47% | Revisions=+31% | GrowthEPS=+13.1% | GrowthRev=+11.0%
[Analyst] Revisions Ratio: +35% (up=14, down=6)