Ten-League International Holdings Ltd.
Ten-League International Holdings Ltd. is a Singapore-based provider of turnkey project solutions focused on heavy equipment and industrial support services. The company sells and rents new and used heavy equipment and parts, with offerings that include foundation equipment, hoist equipment, excavation equipment, and port machinery. It also provides engineering consultancy, value-added engineering solutions, technical support, project leasing, and maintenance services for customers in port, construction, civil engineering, and underground foundation industries. In addition, Ten-League International Holdings Ltd. supplies equipment and related solutions for port operators and supports infrastructure needs such as charging systems and battery-related equipment. The company serves clients in Singapore and other international markets through its operating subsidiaries, positioning itself as a specialized partner in equipment distribution, rental, and project execution services.
$5.35
-$0.04 (-0.83%)
Price from 2 days ago
10.17% operating margin is respectable but not wide. ROIC at 13.18%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 30.2% YoY with margins expanding 4.3pp.
Even for strong businesses, today's 3x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
3.3x earnings, 2.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
SGD 76M
▲ +30.2% YoY
Net Income (TTM)
SGD 6M
▲ +196.5% YoY
Op. Margin
10.17%
▲ +4.3pp YoY
ROIC
13.18%
▲ +7.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
SGD 9M
▲ +215.6% YoY
Op. Cash Flow (TTM)
SGD 26M
▲ +423.6% YoY
Net Debt
SGD 20M
Cash & Equiv.
SGD 11M
3Y CAGR: +0.8%
Continue Research
Is Ten-League International Holdings (TLIH) overvalued?
At a P/E of 3.3 and a price-to-free-cash-flow of 2.0, Ten-League International Holdings (TLIH) trades below a two-stage DCF intrinsic value of about SGD 50.54 per share, so at SGD 5.35 the stock looks undervalued (844.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Ten-League International Holdings scores 61/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Ten-League International Holdings's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SGD 50.54 per share for TLIH, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SGD 37.90. At today's SGD 5.35, that puts the stock about 844.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Ten-League International Holdings a high-quality business?+
Ten-League International Holdings scores 61 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 10.2% operating margin and a 13.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Ten-League International Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. TLIH currently trades below its estimated intrinsic value and scores 61/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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