Ten-League International Holdings Limited Ordinary Shares (TLIH)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Ten-League as a tiny industrial distributor and renter of heavy equipment—foundation, hoist, excavation, port machinery—plus engineering solutions and consultancy, mainly in Singapore and internationally. At the 2026-10-13 close of $5.72, the market cap is only $7.5M. FairStock’s P/E is 3.67 and P/B is 1.29, and its Graham Number is $14.12, implying a 59.45% margin of safety. That looks statistically cheap. But cheapness is only useful if the numbers are durable. The high ROE of 48.75% is attractive, yet ROCE is just 6.15%, suggesting returns may be leveraged rather than operationally exceptional. The balance sheet gives me pause: D/E is 1.86, Altman Z-Score is 0.17, and Piotroski F-Score is 3/9. Those are not comforting signs. A moat is hard to identify in heavy-equipment distribution; it often competes on relationships, service, and price. Growth cannot be judged because revenue and profit growth are N/A, and FairStock’s Lynch category is none because only 0 years of filed results exist and three are needed. The 52-week range of $0.22 to $6.08 shows violent microcap volatility. So this may be a classic Graham situation: price well below apparent asset value, but with serious capital-structure and reporting risks. I would want audited history and stable debt before trusting the margin of safety.

In plain English: Ten-League sells and rents heavy equipment and parts, and provides engineering help, mainly in Singapore and around the world. The business shows some very good profit numbers, but it carries a lot of debt and its safety checks look weak. The share price looks low compared with its earnings and accounting value, but the company is tiny and has very little filed history, so the cheapness comes with high risk.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer