Keppel Ratios and Metrics

Market cap in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 17, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	22,116	18,647	12,354	12,459	12,719	9,316
Market Cap Growth	78.50%	50.94%	-0.85%	-2.04%	36.52%	-4.72%
Enterprise Value	31,452	28,743	23,024	22,338	21,941	19,960
Last Close Price	12.31	10.35	6.53	6.40	3.97	2.66
PE Ratio	21.27	23.65	13.14	3.06	13.73	9.11
Forward PE	21.48	20.78	13.02	12.69	13.22	32.20
PS Ratio	3.70	3.12	1.87	1.79	1.92	1.41
PB Ratio	1.98	1.67	1.08	1.13	1.07	0.75
P/TBV Ratio	2.12	1.78	1.28	1.36	1.27	0.89
P/FCF Ratio	149.76	126.28	-	-	-	-
P/OCF Ratio	33.43	28.19	61.66	213.24	49.00	-
PEG Ratio	-	3.83	-	-	-	6.52
EV/Sales Ratio	5.26	4.80	3.49	3.21	3.32	3.02
EV/EBITDA Ratio	22.42	30.41	23.64	21.79	40.55	37.96
EV/EBIT Ratio	27.15	41.01	28.73	26.55	58.14	81.37
EV/FCF Ratio	212.99	194.64	-	-	-	-
Debt / Equity Ratio	1.02	1.02	1.09	1.04	0.90	1.00
Debt / EBITDA Ratio	12.10	12.10	12.38	10.81	18.33	21.97
Debt / FCF Ratio	77.44	77.44	-	-	-	-
Net Debt / Equity Ratio	0.81	0.81	0.88	0.91	0.81	0.73
Net Debt / EBITDA Ratio	9.54	9.54	10.33	9.75	17.77	17.25
Net Debt / FCF Ratio	61.05	61.05	-24.49	-11.58	-22.02	-9.38
Asset Turnover	0.22	0.22	0.24	0.24	0.21	0.21
Inventory Turnover	2.82	2.82	2.35	2.27	1.50	1.06
Quick Ratio	0.80	0.80	0.91	0.56	0.22	0.71
Current Ratio	1.34	1.34	1.39	1.04	1.31	1.25
Return on Equity (ROE)	8.95%	8.95%	7.72%	8.06%	6.98%	10.47%
Return on Assets (ROA)	1.60%	1.60%	1.84%	1.82%	0.74%	0.48%
Return on Invested Capital (ROIC)	2.67%	2.58%	2.94%	3.01%	1.36%	0.87%
Return on Capital Employed (ROCE)	3.30%	3.30%	3.50%	4.10%	1.90%	1.20%
Earnings Yield	3.57%	4.29%	7.70%	32.73%	7.38%	11.01%
FCF Yield	0.67%	0.79%	-3.33%	-6.92%	-3.43%	-10.38%
Dividend Yield	2.79%	3.28%	5.21%	5.31%	8.30%	12.42%
Payout Ratio	78.56%	78.56%	65.11%	14.54%	69.80%	33.70%
Buyback Yield / Dilution	0.69%	0.69%	-2.14%	-0.43%	1.94%	-0.69%
Total Shareholder Return	3.47%	3.97%	3.06%	4.89%	10.25%	11.74%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.