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Size Pan-United (P52.SI) is a Singapore Materials company (Construction Materials) with a market value of $784M, the 88th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$1.43 on 6 Nov 2026.
Performance Over six months the shares fell 9.5%, against -13.8% for the median peer and -1.2% for the Singapore market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 26.3% over the last twelve months (peer median -3.1%); the operating margin is 7.4% (peer median 5.3%).
Valuation It trades at 15.4× forward earnings against a peer median of 17.3× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 17.7 points above its cost of capital (5.3% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$1.05B | S$898M | S$812M | S$774M | S$703M |
| Revenue growth | — | +11% | +5% | +10% | — |
| Gross profit | S$128M | S$110M | S$93.5M | S$80.8M | S$62.3M |
| EBITDA | S$116M | S$98.8M | S$75.8M | S$66.3M | S$49.4M |
| Net income | S$60.7M | S$50.7M | S$40.9M | S$34.3M | S$23.4M |
| Free cash flow | S$39.9M | S$34.3M | S$74.4M | S$53.6M | S$14.7M |
| Capital expenditure | S$44.7M | S$50.1M | S$18.6M | S$11.9M | S$15.6M |
| Total debt | n/a | S$48.8M | S$56.1M | S$57.2M | S$69.0M |
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.
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.
| Measure | P52.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.7% | -3.8% | 6th lowest of 21 |
| 6-month return | -9.5% | -13.8% | 8th highest of 20 |
| Distance from 52-week high | -18.3% | -31.3% | 6th highest of 21 |
| Revenue growth (TTM) | +26.3% | -3.1% | 3rd highest of 20 |
| Operating margin | 7.4% | 5.3% | 8th highest of 21 |
| Forward P/E | 15.4× | 17.3× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -5.3% | 1.7% | 3rd least demanding of 17 |
| Growth delivered (Del g) | +17.3% | +1.9% | highest of 17 |
| Hurdle (Req g minus delivered) | -22.5 pp | +0.1 pp | least demanding of 17 |
| ROIC minus cost of capital | +17.7 pp | -3.2 pp | highest of 21 |
| EV / EBITDA | 8.5× | 7.8× | 4th most expensive of 11 |
| Net debt / EBITDA | -0.2× | 1.6× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pan-United P52.SI | Singapore | $784M | -9% | +26% | 7% | 15.4× | -5.3% | +17.3% |
| Guangdong Dongpeng 003012.SZ | China | $779M | -24% | -15% | 0% | 29.8× | -3.8% | -3.3% |
| Jilin Yatai (Group) 600881.SS | China | $776M | +3% | -15% | -21% | n/a | 5.0% | -20.1% |
| Sinostone (Guangdong) 001212.SZ | China | $814M | -52% | -21% | -18% | n/a | n/a | n/a |
| Yang Guang 000608.SZ | China | $814M | +60% | +68% | 4% | n/a | n/a | n/a |
| Ningxia Building Materials 600449.SS | China | $818M | -12% | -36% | 0% | 19.0× | -3.6% | +0.3% |
| Xinjiang Qingsong Building Materials & Chemicals (Group) 600425.SS | China | $833M | -16% | -8% | 9% | 17.3× | 2.0% | +5.1% |
| NWPX Infrastructure NWPX | United States | $841M | -22% | +16% | 12% | 17.5× | 6.2% | +12.9% |
| China Resources Building Materials Technology 1313.HK | Hong Kong | $873M | -31% | -12% | -3% | n/a | -8.1% | -10.6% |
| China West Construction 002302.SZ | China | $884M | -16% | -24% | -7% | n/a | 12.5% | -5.0% |
| Hanilcmt 300720.KS | South Korea | $905M | -4% | -10% | 11% | 11.9× | -3.2% | +7.9% |
| Maeda Kosen 7821.T | Japan | $944M | +21% | +11% | 17% | 14.8× | -4.7% | +10.6% |
| Wagners WGN.AX | Australia | $650M | -4% | +17% | 12% | 20.7× | 10.2% | +9.5% |
| Suncrete RMIX | United States | $646M | -47% | n/a | 1% | 61.2× | n/a | n/a |
| Sumitomo Osaka Cement 5232.T | Japan | $969M | +49% | +5% | 7% | 13.7× | 4.6% | -1.3% |
| Nichiha 7943.T | Japan | $599M | -10% | -3% | 7% | 13.0× | -3.7% | +3.5% |
| Sinosteel Luonai Materials Technology 688119.SS | China | $597M | -32% | -2% | -13% | n/a | 3.7% | -0.3% |
| Marshalls MSLH.L | United Kingdom | $597M | +40% | 0% | 8% | 11.8× | 8.2% | +6.1% |
| Goldsun Building Materials 2504.TW | Taiwan | $1.06B | -14% | -3% | 22% | 8.4× | -7.1% | +3.6% |
| Sobute New Materials 603916.SS | China | $573M | -24% | -3% | 7% | 27.1× | 1.5% | -0.5% |
| Stewards SWRD | United States | $555M | n/a | +30% | -100% | n/a | n/a | n/a |