Keppel Ltd BN4

Morningstar Rating
SGD 10.05 −0.10 (0.99%)
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Company Report

Price vs Fair Value

BN4 is trading at a LOCK|R%zW#%? premium.
Price
SGD 10.05
Fair Value
LOCK|X$M^@w
Uncertainty
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1-Star Price
LOCK|.j<>R@m
5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Higher-than-expected capital gains from the execution of the group’s monetization strategy will unlock more value for Keppel's shareholders.

Bears

Keppel’s property business is highly exposed to China, and the slowdown in China’s economic growth and real estate sector could negatively affect the firm’s earnings.

News

Trading Information

Previous Close Price
SGD 10.15
Day Range
SGD 10.01–10.16
52-Week Range
SGD 9.42–13.14
Bid/Ask
SGD 10.05 / SGD 10.06
Shares Outstanding
1.79B
Market Cap
SGD 18.01B
Volume/Avg
3M / 4M

Key Statistics

Price/Earnings (Normalized)
18.34
Price/Sales
2.58
Dividend Yield (Trailing)
3.38%
Dividend Yield (Forward)
3.38%
Dividend Payment Schedule
May, Aug
Total Yield
4.03%

Company Profile

Singapore-based Keppel is an alternative asset manager and operator with SGD 106 billion of funds under management as of the end of June 2026. The group’s key segments are infrastructure, real estate, and connectivity (including telecommunications services and operation of data centers). Most of its earnings are derived from its infrastructure segment, where it invests and operates in a portfolio of infrastructure assets. The group also has a fund management platform comprising listed and unlisted investment trusts that generates recurring fee income.
Sector
Industrials
Industry
Conglomerates
Stock Style Box
Large Core
Total Number of Employees
4,964

Competitors

Valuation

Metric
BN4
00001
01038
Price/Earnings (Normalized)
18.3411.7012.17
Price/Book Value
1.790.431.15
Price/Sales
2.580.8939.60
Price/Cash Flow
26.653.6872.37
Price/Earnings
BN4
00001
01038

Financial Strength

Metric
BN4
00001
01038
Quick Ratio
0.981.633.81
Current Ratio
1.192.243.88
Interest Coverage
3.405.8531.32
Quick Ratio
BN4
00001
01038

Profitability

Metric
BN4
00001
01038
Return on Assets (Normalized)
3.99%2.05%8.38%
Return on Equity (Normalized)
10.55%4.17%10.80%
Return on Invested Capital (Normalized)
5.74%3.32%8.94%
Return on Assets
BN4
00001
01038

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