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VERSALINK HOLDINGS LIMITED (40N) Fair Value & Analysis

Industrials · SG · Market cap 3.4M SGD

VH VERSALINK HOLDINGS LIMITED 40N · SG
Price0.0250 SGD
Fair Value0.0438 SGD
Upside+75.2%
Quality53/100
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Weak Growth
Loss-making · -15.9% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 8/100
Evidence: Medium Range 0.0388 SGD – 0.0513 SGD Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 4 days ago

A solid business, screening 75% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.0388 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.0874 SGD 0.0153 SGD Fair Value 0.0438 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 0.0153 SGD – 0.0874 SGD · fair‑value band 0.0388 SGD – 0.0513 SGD · the 0.0250 SGD price screens below the 0.0438 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

VERSALINK HOLDINGS LIMITED (40N) currently trades at 0.0250 SGD, while our model-based Fair Value estimate is 0.0438 SGD, implying the stock looks roughly 75.2% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, VERSALINK HOLDINGS LIMITED generated revenue of 37.1M SGD at a net margin of -15.9%. Revenue declined 9.0% year over year. It earns a return on equity of -38.5%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0388 SGD (bear case) to 0.0513 SGD (bull case); at 0.0250 SGD, the current price sits below 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 66% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at 75%, 40N 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
Growth DCF 0.2200 SGD 0.2600 SGD 0.3100 SGD 80
Rev-Margin DCF 0.2300 SGD 0.3000 SGD 0.3800 SGD 74
NCAV (Graham) 0.0500 SGD 0.0600 SGD 0.0900 SGD 50
All 7 models by family
DCF Models
FCF DCF 0.2200 SGD 0.2600 SGD 0.3100 SGD 38
5Y Revenue Exit 0.2300 SGD 0.3000 SGD 0.3900 SGD 39
10Y Revenue Exit 0.2200 SGD 0.2600 SGD 0.3100 SGD 36
Multiples
EV/Revenue 0.2600 SGD 0.3300 SGD 0.4000 SGD 43
Asset-Based
NCAV (Graham) 0.0500 SGD 0.0600 SGD 0.0900 SGD 50
Growth DCF
Growth DCF 0.2200 SGD 0.2600 SGD 0.3100 SGD 80
Rev-Margin DCF 0.2300 SGD 0.3000 SGD 0.3800 SGD 74

Widest divergence: Multiples (0.3300 SGD) versus Asset-Based (0.0600 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 37.1M SGD
Revenue growth (YoY) -9.0%
Net margin -15.9%
Return on equity -38.5%
Free cash flow 2.5M SGD FY2026
Operating margin -11.6%
More key figures
EPS (TTM) -0.0100 SGD

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 20

Profitability 26
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 82
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

VERSALINK HOLDINGS LIMITED reported revenue of 37.1M SGD in FY2026 versus 37.8M SGD in FY2022, a compound −0.5%/yr. Reported net income was −5.9M SGD in FY2026.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
37.1M SGD
Latest YoY
−7.1%
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.
−6.2%
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.
+0.9%
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.
−6.1%
Revenue −0.5%/yr
FY22 37.8M SGD
FY23 44.8M SGD
FY24 37.7M SGD
FY25 39.9M SGD
FY26 37.1M SGD
Net income
FY22 −2.4M SGD
FY23 15.8M SGD
FY24 −7.1M SGD
FY25 −2.6M SGD
FY26 −5.9M SGD

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

Peer Group

Business Equipment & Supplies · 74 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 53 · Below median
Fair Value upside +60% · Top 25%
Return on assets -11% · Bottom 25%
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) -12% · Bottom 25%
Revenue growth -9% · Bottom 25%
Debt / equity 0.19× · Higher than 75% of peers

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper 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 100 · sector 33
FUTURE 0 · sector 19
PAST 0 · sector 21
HEALTH 90 · sector 98
DIVIDEND 0 · sector 53

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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XGD Inc 300130 ¥19.30 ¥19.69 +2%
DOMS Industries Limited DOMS ₹2,242 ₹782.96 -65%
Hengbao Co 002104 ¥10.71 ¥2.09 -80%
Shaanxi Fenghuo Electronics Co 000561 ¥7.72 ¥1.75 -77%
Shenzhen Comix Group 002301 ¥7.44 ¥3.01 -60%
Shandong New Beiyang Information Technology Co 002376 ¥6.72 ¥2.10 -69%
Cashway Fintech Co 603106 ¥9.54 ¥1.68 -82%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥12.58 ¥21.12 +68%

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Frequently asked questions

Is VERSALINK HOLDINGS LIMITED (40N) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0438 SGD versus a price of 0.0250 SGD, about +75% (undervalued).
What is the fair value of 40N?
Our model-based fair value for VERSALINK HOLDINGS LIMITED is 0.0438 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0250 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 revenue of VERSALINK HOLDINGS LIMITED (40N)?
VERSALINK HOLDINGS LIMITED reported trailing-twelve-month revenue of about 37.1M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 40N?
The net profit margin of VERSALINK HOLDINGS LIMITED is about -15.9%, 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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