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← CockpitCompetitor Analysis › 1MZ.SI Nam Cheong LimitedOpen in the cockpit ↗

Nam Cheong Limited1MZ.SICompetitor analysis, valuation and peers

Singapore · SGD·Industrials›Trucks/Construction/Farm Machinery
Momentum laggard 7
Mkt cap
$232M
US dollars, full cap
Free float
71%
of shares outstanding
$/day
$339,763
20-day average traded
Fwd P/E
5.5×
forward earnings
ROIC−WACC
+10.7 pp
WACC 5.8%
Hurdle
-24 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · SGDS$0.75
1D-3.9%
1W-6.8%
1M-13.3%
3M-31.2%
6M-48.3%
YTD-20.2%
1Y+2.7%
ATR %4.8%
52w lowhigh54.5% off high

What Nam Cheong does

No business profile yet.

Nam Cheong at a glance

Size Nam Cheong (1MZ.SI) is a Singapore Industrials company (Trucks/Construction/Farm Machinery) with a market value of $232M, the 156th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.75 on 6 Nov 2026.

Performance Over six months the shares fell 48.3%, against -20.1% for the median peer and -1.2% for the Singapore market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 10.8% over the last twelve months (peer median +9.2%); the operating margin is 33.3% (peer median 7.7%).

Valuation It trades at 5.5× forward earnings against a peer median of 12.0× (cheapest of 9).

Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -24 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 10.7 points above its cost of capital (5.8% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 801MZ.SI 51
Six months, rebased to 100: Nam Cheong against the median of its 20 peers (local-currency closes).

Nam Cheong financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$217MS$189MS$200MS$140MS$115M
Revenue growth—-5%+43%+22%—
Gross profitS$92.7MS$92.0MS$106MS$49.6MS$31.5M
EBITDAS$91.2MS$89.2MS$124MS$55.9MS$22.6M
Net incomeS$116MS$87.6MS$229MS$51.5MS$18.6M
Free cash flowS$8.19MS$19.5MS$27.5M-S$15.2M-S$8.84M
Capital expenditureS$19.6MS$25.6MS$28.7MS$23.0MS$29.3M
Total debtS$108MS$135MS$140MS$300MS$302M

Quarterly statements and history in the cockpit →

Nam Cheong competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-30%-20%-10%0%07558066377102BTM0025356289TLGO300103TWIN3010323008650028900013606023300810VSTTILLERS0693636467533015331MZ.SI6-month return →1-month return →
Up and to the right = strong over both horizons. Nam Cheong is the large dot.

Fundamentals: revenue growth against valuation

0%+5%+10%+15%10×20×30×07558066376289TWIN6023VSTTILLERS636467531MZ.SIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nam Cheong is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%07558071026289TWIN301032300865VSTTILLERS06931MZ.SIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nam Cheong is the large dot.

Nam Cheong competitors and peer comparison

How Nam Cheong compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nam Cheong against its 20 peers (data as of 6 Nov 2026)
Measure1MZ.SIPeer medianRank in peer set
1-month return-13.3%-10.9%8th lowest of 21
6-month return-48.3%-20.1%2nd lowest of 21
Distance from 52-week high-54.5%-35.3%3rd lowest of 21
Revenue growth (TTM)+10.8%+9.2%10th highest of 21
Operating margin33.3%7.7%highest of 21
Forward P/E5.5×12.0×cheapest of 9
Growth the price implies (Req g, 7 yrs)-15.4%6.8%least demanding of 9
Growth delivered (Del g)+9.1%+0.3%3rd highest of 9
Hurdle (Req g minus delivered)-24.5 pp+3.4 ppleast demanding of 9
ROIC minus cost of capital+10.7 pp-0.9 pp2nd highest of 20
EV / EBITDA3.7×6.8×cheapest of 14
Net debt / EBITDA0.4×0.4×7th least indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Nam Cheong 1MZ.SISingapore$232M-48%+11%33%5.5×-15.4%+9.1%
Sejin Heavy Industries 075580.KSSouth Korea$270M-67%+1%21%6.7×-10.4%+7.1%
Terasaki Electric 6637.TJapan$275M-17%+16%10%8.9×n/an/a
Nippon Sharyo,Ltd 7102.TJapan$294M-14%+4%13%n/a-9.2%+0.1%
Penguin International BTM.SISingapore$297M+35%-5%19%n/an/an/a
Linzhou Heavy Machinery 002535.SZChina$297M-30%-33%7%n/an/an/a
Giken 6289.TJapan$302M+4%+8%11%18.8×9.0%+0.6%
Talgo TLGO.MCSpain$313M-21%+22%1%n/an/an/a
Dagang 300103.SZChina$317M-19%-27%-58%n/an/an/a
Twin Disc TWINUnited States$332M+19%+12%5%30.9×5.7%+11.8%
Zhejiang Xinchai 301032.SZChina$335M-28%+2%4%n/a7.9%-1.1%
Chengdu Dahongli Machinery 300865.SZChina$340M-22%+35%8%n/a25.4%-11.5%
Shandong Hongyu Precision Machinery 002890.SZChina$343M-21%-2%2%n/an/an/a
Nanchang Mineral Systems 001360.SZChina$344M-16%+12%4%n/an/an/a
Daihatsu Infinearth Mfg.co.,ltd 6023.TJapan$357M-25%+11%10%7.6×n/an/a
Beijing Zhongkehaixun Digital S&T 300810.SZChina$359M-38%+35%-8%n/an/an/a
VST Tillers Tractors VSTTILLERS.NSIndia$359M-24%+17%11%24.8×27.3%+10.2%
Tan Chong International 0693.HKHong Kong$367M-2%-7%5%n/a-2.1%-0.5%
Airman 6364.TJapan$368M-1%+2%14%8.8×n/an/a
Lungteh Shipbuilding 6753.TWTaiwan$369M-28%+13%25%15.2×n/an/a
Weima Agricultural Machinery 301533.SZChina$383M-15%+20%7%n/an/an/a

Questions

Which companies are Nam Cheong's closest peers?
The cockpit's peer set: Sejin Heavy Industries (075580.KS), Terasaki Electric (6637.T), Nippon Sharyo,Ltd (7102.T), Penguin International (BTM.SI), Linzhou Heavy Machinery (002535.SZ), Giken (6289.T), Talgo (TLGO.MC), Dagang (300103.SZ).
Is Nam Cheong expensive compared with its peers?
On forward p/e it trades at 5.5× against a peer median of 12.0×, cheapest of 9 in its peer set. For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -24 pp: the price already allows for a slowdown.
How has Nam Cheong stock performed?
Over six months to 6 Nov 2026 the shares returned -48.3% against -20.1% for the median peer; over one year +2.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.