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9R LIMITED (1Y1) Fair Value & Analysis

Technology · SG · Market cap 42.5M SGD

9L 9R LIMITED 1Y1 · SG
Price0.0310 SGD
Fair Value0.0255 SGD
Upside-17.7%
Quality27/100
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Weak Growth
Loss-making · -19.0% net margin
Low debt · negative free cash flow
Trails peers (1/11)
Narrow moat 0/100
Evidence: Low Range 0.0229 SGD – 0.0255 SGD Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 4 days ago

Share price −8.8% over the past month.

Below-average quality, and screening another 18% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0255 SGD). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (0.0229 SGD to 0.0255 SGD), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.1709 SGD 0.0310 SGD Fair Value 0.0255 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0310 SGD – 0.1709 SGD · fair‑value band 0.0229 SGD – 0.0255 SGD · the 0.0310 SGD price screens above the 0.0255 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

9R LIMITED (1Y1) currently trades at 0.0310 SGD, while our model-based Fair Value estimate is 0.0255 SGD, implying the stock looks roughly 17.7% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, 9R LIMITED generated revenue of 13.6M SGD at a net margin of -19.0%. Revenue grew 11.7% year over year. It earns a return on equity of -19.6%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0229 SGD (bear case) to 0.0255 SGD (bull case); at 0.0310 SGD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -65% fair-value upside, at -18%, 1Y1 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA 0.0200 SGD 0.0300 SGD 0.0300 SGD 54
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0100 SGD 50
All 2 models by family
Multiples
EV/EBITDA 0.0200 SGD 0.0300 SGD 0.0300 SGD 54
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0100 SGD 50

Widest divergence: Multiples (0.0300 SGD) versus Asset-Based (0.0100 SGD). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 13.6M SGD
Revenue growth (YoY) +11.7%
Net margin -19.0%
Return on equity -19.6%
Free cash flow −1.1M SGD FY2025
Operating margin -23.8%
More key figures
Net debt 119K SGD FY2021

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 32 · Market factors (momentum, volatility) 21

Profitability 22
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 17
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

9R Limited, an investment holding company, engages in supply chain management and lifestyle retail businesses in Malaysia and Singapore. It operates through chartering services; Supply chain management; and Lifestyle retail business segments. The company is involved in the trading, supply, and distribution of artificial intelligence-powered robotic products.

Full company description

9R Limited, an investment holding company, engages in supply chain management and lifestyle retail businesses in Malaysia and Singapore. It operates through chartering services; Supply chain management; and Lifestyle retail business segments. The company is involved in the trading, supply, and distribution of artificial intelligence-powered robotic products. It also engages in the operation of family karaoke and entertainment business under the Red Box Plus brand; and food and beverage services. The company was formerly known as Viking Offshore and Marine Limited and changed its name to 9R Limited in June 2022. 9R Limited was incorporated in 1993 and is based in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2025 · reported fiscal years

9R LIMITED reported revenue of 13.6M SGD in FY2025 versus 17.2M SGD in FY2020, a compound −4.5%/yr. Reported net income was −2.6M SGD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.6M SGD
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+66.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.5%
Avg. growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−8.8%
Revenue −4.5%/yr
FY20 17.2M SGD
FY21 10.8M SGD
FY22 3.0M SGD
FY23 6.6M SGD
FY25 13.6M SGD
Net income
FY20 −26.0M SGD
FY21 15.5M SGD
FY22 −1.8M SGD
FY23 −5.3M SGD
FY25 −2.6M SGD

1Y1 screens 18% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "9R LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/1Y1

Peer Group

Computer Hardware · 223 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 32 · Bottom 25%
Fair Value upside −18% · Above median
Return on assets -6% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -24% · Bottom 25%
Revenue growth 12% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/B 2.68× · Pricier than median
P/S (TTM) 2.44× · Pricier than median
EV/EBITDA 18.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 10 · sector 0
FUTURE 59 · sector 59
PAST 0 · sector 23
HEALTH 93 · sector 97
DIVIDEND 0 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $484.50 $187.75 -61%
Arista Networks, Inc ANET $210.50 $57.72 -73%
Western Digital Corporation WDC $454.10 $90.94 -80%
Hygon Information Technology Co 688041 ¥287.66 ¥30.66 -89%
Wiwynn Corporation 6669 6,025 TWD 2,120 TWD -65%
Hangzhou Hikvision Digital Technology Co 002415 ¥36.47 ¥40.44 +11%
Shenzhen Longsys Electronics Co 301308 ¥414.30 ¥91.67 -78%
Lenovo Group 0992 HK$29.04 HK$4.30 -85%
Dawning Information Industry Co 603019 ¥86.42 ¥39.38 -54%
Inspur Electronic Information Industry Co 000977 ¥75.02 ¥44.02 -41%

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Frequently asked questions

Is 9R LIMITED (1Y1) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0255 SGD versus a price of 0.0310 SGD, about −18% (overvalued).
What is the fair value of 1Y1?
Our model-based fair value for 9R LIMITED is 0.0255 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0310 SGD.
What is the quality score of 1Y1?
9R LIMITED has a Quality Score of 27/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of 9R LIMITED (1Y1)?
9R LIMITED reported trailing-twelve-month revenue of about 13.6M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1Y1?
The net profit margin of 9R LIMITED is about -19.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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