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HEALTHBANK HOLDINGS LIMITED (40B) Fair Value & Analysis

Real Estate · SG · Market cap 5.9M SGD

HH HEALTHBANK HOLDINGS LIMITED 40B · SG
Price0.0550 SGD
Fair Value0.0360 SGD
Upside-34.6%
Quality35/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 5/100
Evidence: Low Range 0.0360 SGD – 0.0360 SGD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0328 SGD to 0.0360 SGD (+9.9%) since Aug 9, 2026. Share price +31.0% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0360 SGD). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

0.2400 SGD 0.0290 SGD Fair Value 0.0360 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 0.0290 SGD – 0.2400 SGD · the 0.0550 SGD price screens above the 0.0360 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

HEALTHBANK HOLDINGS LIMITED (40B) currently trades at 0.0550 SGD, while our model-based Fair Value estimate is 0.0360 SGD, implying the stock looks roughly 34.6% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Real Estate 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).

Trailing-twelve-month revenue stands at 140K SGD. Revenue declined 26.4% year over year. It earns a return on equity of -21.8%. Fundamentals as of Aug 13, 2026

The share trades about 35% below its 52-week high and 104% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -35%, 40B screens richer 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
Gordon GGM 0.0600 SGD 0.0700 SGD 0.0700 SGD 70
DDM Multi-Stage 0.0600 SGD 0.0700 SGD 0.0900 SGD 61
NCAV (Graham) 0.0500 SGD 0.0700 SGD 0.1000 SGD 50
All 3 models by family
Dividend Discount
Gordon GGM 0.0600 SGD 0.0700 SGD 0.0700 SGD 70
DDM Multi-Stage 0.0600 SGD 0.0700 SGD 0.0900 SGD 61
Asset-Based
NCAV (Graham) 0.0500 SGD 0.0700 SGD 0.1000 SGD 50

Widest divergence: Dividend Discount (0.0700 SGD) versus Dividend Discount (0.0700 SGD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 140K SGD
Revenue growth (YoY) -26.4%
Return on equity -21.8%
Free cash flow −1.9M SGD FY2025
Operating margin -740%
EPS (TTM) -0.0100 SGD

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 41 · Market factors (momentum, volatility) 33

Profitability 0
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 28
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

HealthBank Holdings Limited, an investment holding company, engages in the property-related investment and management business in the People's Republic of China, Singapore, and the Asia Pacific Region. It offers landscaping, property, consulting, and facilities management services. The company also provides consulting services as a property advisor.

Full company description

HealthBank Holdings Limited, an investment holding company, engages in the property-related investment and management business in the People's Republic of China, Singapore, and the Asia Pacific Region. It offers landscaping, property, consulting, and facilities management services. The company also provides consulting services as a property advisor. The company was formerly known as SMJ International Holdings Ltd. and changed its name to HealthBank Holdings Limited in April 2019. HealthBank Holdings Limited was incorporated in 2013 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HEALTHBANK HOLDINGS LIMITED reported revenue of 140K SGD in FY2025 versus 99.0K SGD in FY2021, a compound +9.0%/yr. Reported net income was −3.2M SGD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
140K SGD
Latest YoY
−25.5%
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.
−28.2%
Avg. growth/yr (12Y) 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.
−34.4%
Revenue +9.0%/yr
FY21 99.0K SGD
FY22 379K SGD
FY23 226K SGD
FY24 188K SGD
FY25 140K SGD
Net income
FY21 −3.6M SGD
FY22 −11.1M SGD
FY23 −36.0M SGD
FY24 −8.2M SGD
FY25 −3.2M SGD

40B screens 35% overvalued. Compare with Plaza S.A →

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Cite: Fair Value Calculator (2026). "HEALTHBANK HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/40B

Peer Group

Real Estate Services · 530 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 39 · Bottom 25%
Fair Value upside −27% · Below median
Return on assets -7% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 21.8% · Top 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 33.21× · Pricier than 75% of peers

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 0 · sector 34
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 100 · sector 84
DIVIDEND 100 · sector 59

VALUE 0: the price sits above our fair-value range.

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is HEALTHBANK HOLDINGS LIMITED (40B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0360 SGD versus a price of 0.0550 SGD, about −35% (overvalued).
What is the fair value of 40B?
Our model-based fair value for HEALTHBANK HOLDINGS LIMITED is 0.0360 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0550 SGD.
What is the quality score of 40B?
HEALTHBANK HOLDINGS LIMITED has a Quality Score of 35/100. 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 HEALTHBANK HOLDINGS LIMITED (40B)?
HEALTHBANK HOLDINGS LIMITED reported trailing-twelve-month revenue of about 140K SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 40B?
The net profit margin of HEALTHBANK HOLDINGS LIMITED is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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