VERSALINK HOLDINGS LIMITED (40N) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of VERSALINK HOLDINGS LIMITED S$0.04, price S$0.02, upside +100.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Versalink Holdings Limited, an investment holding company, designs, manufactures, and supplies system furniture products in Malaysia, the Middle East, Asia, North America, Africa, Singapore, and internationally. It supplies ancillary products, including seating models and work tools sourced from third party manufacturers.
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Versalink Holdings Limited, an investment holding company, designs, manufactures, and supplies system furniture products in Malaysia, the Middle East, Asia, North America, Africa, Singapore, and internationally. It supplies ancillary products, including seating models and work tools sourced from third party manufacturers. The company also offers desk and table products comprising standard desk, sit and stand desk, executive desk, height table, meeting and collaboration unit, coffee table, customized furniture, privacy pods, booths, tele pods, and PET felt acoustic designs. Additionally, it provides storage products, including mobile pedestal, swing door and open shelf cabinet, and bookshelf cabinet and seating products, such as task and work chair, executive chairs, and lounge and soft furniture. The company sells its products under the Versalink brand name. It serves architects, contractors, corporate customers, dealers, designers, and OEM customers. Versalink Holdings Limited was founded in 1991 and is headquartered in Klang, Malaysia.
Stock analysis
VERSALINK HOLDINGS LIMITED (40N) currently trades at 0.0180 SGD, while our model-based Fair Value estimate is 0.0360 SGD, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.1000 SGD per share, and 7 of the 7 models we run sit above the 0.0180 SGD price.
Bear case: the Asset-Based group reads lowest at 0.0200 SGD, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0320 SGD (bear) to 0.0440 SGD (bull), the price of 0.0180 SGD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
VERSALINK HOLDINGS LIMITED reported revenue of 37.1M MYR in FY2026 versus 37.8M MYR in FY2022, a compound −0.5%/yr. Reported net income was −5.9M MYR in FY2026.
Key figures
Market cap 3.4M SGD (≈ $2.6M) · P/S ratio 0.09 · EPS (TTM) −0.0100 SGD · Net margin −15.9% · Return on equity −38.5% · Return on assets (EBIT) −9.0% · Operating margin −11.6% · Revenue (TTM) 37.1M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 75% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at 100%, 40N screens cheaper than that median.
Fair Value models
Bear 0.0320 SGDFair Value 0.0360 SGDBull 0.0440 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.25/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−7.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
Start year 2021 (pandemic). Over 10 years: −4.6% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−8.3% (2021) → −15.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−33.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in MYR, Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −35.2% a year for the price.
Compare VERSALINK HOLDINGS LIMITED with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Business Equipment & Supplies · 75 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+100.0% · Top 25%
Profitability
Return on assets−11.0% · Bottom 25%
Net margin (TTM)−15.9% · Bottom 25%
Operating margin (TTM)−11.6% · Bottom 25%
Growth and dividend
Revenue growth−9.0% · Bottom 25%
Balance sheet
Debt / equity0.19× · Highest 25%
Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper
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Is VERSALINK HOLDINGS LIMITED (40N) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of 0.0360 SGD versus a price of 0.0180 SGD, about +100% upside (undervalued).
What is the fair value of 40N?
Our model-based fair value for VERSALINK HOLDINGS LIMITED is 0.0360 SGD (as of Sep 28, 2026), built from audited fundamentals. The current price: 0.0180 SGD.
What is the quality score of 40N?
VERSALINK HOLDINGS LIMITED has a Quality Score of 53/100. 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 price target for VERSALINK HOLDINGS LIMITED (40N)?
Our model-based price target is the fair value of 0.0360 SGD (as of Sep 28, 2026) from 7 valuation models. Cautious scenario 0.0320 SGD, optimistic scenario 0.0440 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the VERSALINK HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 0.0360 SGD, about +100% upside versus a price of 0.0180 SGD (undervalued). Cautious scenario 0.0320 SGD, optimistic scenario 0.0440 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of VERSALINK HOLDINGS LIMITED (40N)?
VERSALINK HOLDINGS LIMITED reported trailing-twelve-month revenue of about 37.1M MYR (latest available figure, as of Sep 28, 2026).
What growth is priced into VERSALINK HOLDINGS LIMITED (40N)?
For today's price to be fair in a discounted-cash-flow model, VERSALINK HOLDINGS LIMITED would have to grow free cash flow by -33.9 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of 40N use?
Our models discount VERSALINK HOLDINGS LIMITED at 9.5 %: a base by market capitalisation (nano), country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For VERSALINK HOLDINGS LIMITED that is -33.9 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has VERSALINK HOLDINGS LIMITED (40N) delivered so far?
Over the past 5 years revenue at VERSALINK HOLDINGS LIMITED grew +0.9 % a year. The price currently implies -33.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of VERSALINK HOLDINGS LIMITED (40N) growing?
The median revenue growth in the sector is +6.3 % a year. That is the yardstick for the growth priced into VERSALINK HOLDINGS LIMITED (-33.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of VERSALINK HOLDINGS LIMITED (40N)?
The free-cash-flow yield on the price is 32.34 %: that much free cash flow VERSALINK HOLDINGS LIMITED produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of VERSALINK HOLDINGS LIMITED (40N)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VERSALINK HOLDINGS LIMITED it is 0.0360 SGD per share (as of Sep 28, 2026), against a price of 0.0180 SGD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is VERSALINK HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 40N trades below its calculated fair value: price 0.0180 SGD, fair value 0.0360 SGD, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 40N?
No. The price is what the market pays today (0.0180 SGD); the fair value is what the company's own numbers justify (0.0360 SGD). For VERSALINK HOLDINGS LIMITED the two are 0.0180 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is VERSALINK HOLDINGS LIMITED worth?
The market values VERSALINK HOLDINGS LIMITED at about 3.4M SGD (market capitalisation, as of Sep 28, 2026). Per share that is 0.0180 SGD; our models calculate a fair value of 0.0360 SGD per share.
What do the bullish and bearish scenarios say about 40N?
Our models span a range for VERSALINK HOLDINGS LIMITED: cautious scenario 0.0320 SGD, base 0.0360 SGD, optimistic 0.0440 SGD per share (as of Sep 28, 2026, price 0.0180 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of VERSALINK HOLDINGS LIMITED (40N)?
Balance-sheet figures for VERSALINK HOLDINGS LIMITED (as of Sep 28, 2026): return on equity −38.5%, debt of 0.19 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 40N from its 52-week high?
VERSALINK HOLDINGS LIMITED trades at 0.0180 SGD, about 75% below its 52-week high of 0.0730 SGD and 29% above the low of 0.0140 SGD (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0360 SGD is for.
Which stocks are comparable to VERSALINK HOLDINGS LIMITED?
From the same area (Industrials) we also value GRG Banking Equipment Co, Shanghai M&G Stationery Inc, Crane NXT, Co, XGD Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is VERSALINK HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 28, 2026: price 0.0180 SGD, calculated fair value 0.0360 SGD (+100%), Quality Score 53/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 40N calculated?
We run VERSALINK HOLDINGS LIMITED through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.0360 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. VERSALINK HOLDINGS LIMITED currently trades 50 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of VERSALINK HOLDINGS LIMITED (40N)?
The closing price on Sep 29, 2026 was 0.0180 SGD. Our model-based fair value is 0.0360 SGD, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VERSALINK HOLDINGS LIMITED right now?
The price is below even our cautious bear case (0.0320 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of VERSALINK HOLDINGS LIMITED
How large is the market capitalisation of VERSALINK HOLDINGS LIMITED (40N)?
The market capitalisation of VERSALINK HOLDINGS LIMITED is 3.4M SGD (≈ $2.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of VERSALINK HOLDINGS LIMITED (40N)?
The price-to-sales ratio of VERSALINK HOLDINGS LIMITED is 0.09 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VERSALINK HOLDINGS LIMITED (40N)?
Earnings per share at VERSALINK HOLDINGS LIMITED are −0.0100 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of VERSALINK HOLDINGS LIMITED (40N)?
The net margin of VERSALINK HOLDINGS LIMITED is −15.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of VERSALINK HOLDINGS LIMITED (40N)?
The return on equity (ROE) of VERSALINK HOLDINGS LIMITED is −38.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of VERSALINK HOLDINGS LIMITED (40N)?
On an EBIT basis the return on assets of VERSALINK HOLDINGS LIMITED is −9.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of VERSALINK HOLDINGS LIMITED (40N)?
The operating margin of VERSALINK HOLDINGS LIMITED is −11.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VERSALINK HOLDINGS LIMITED (40N)?
Revenue at VERSALINK HOLDINGS LIMITED is growing −9.0% versus a year earlier (3y avg −6.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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