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ALSET INTERNATIONAL LIMITED (40V) Fair Value & Analysis

Real Estate · SG · Market cap 59.4M SGD

AI ALSET INTERNATIONAL LIMITED 40V · SG
Price0.0180 SGD
Fair Value0.0200 SGD
Upside+11.1%
Quality52/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Trails peers (3/9)
Narrow moat 6/100
Evidence: Low Range 0.0200 SGD – 0.0200 SGD Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0184 SGD to 0.0200 SGD (+8.9%) since Aug 9, 2026. Share price +5.9% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0200 SGD). The market is more pessimistic than our downside scenario.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • 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)

0.0680 SGD 0.0140 SGD Fair Value 0.0200 SGD May 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 0.0140 SGD – 0.0680 SGD · the 0.0180 SGD price screens below the 0.0200 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

ALSET INTERNATIONAL LIMITED (40V) currently trades at 0.0180 SGD, while our model-based Fair Value estimate is 0.0200 SGD, implying the stock looks roughly 11.1% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Real Estate 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at 269K SGD. It earns a return on equity of -25.2%. Fundamentals as of Aug 13, 2026

The share trades about 36% below its 52-week high and 13% 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 11%, 40V 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
Growth DCF 0.0200 SGD 0.0300 SGD 0.0500 SGD 80
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0200 SGD 50
EV/Revenue 0.0100 SGD 0.0100 SGD 0.0100 SGD 43
All 6 models by family
DCF Models
FCF DCF 0.0200 SGD 0.0300 SGD 0.0500 SGD 38
5Y Revenue Exit 0.0100 SGD 0.0100 SGD 0.0200 SGD 39
10Y Revenue Exit 0.0200 SGD 0.0200 SGD 0.0200 SGD 36
Multiples
EV/Revenue 0.0100 SGD 0.0100 SGD 0.0100 SGD 43
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0200 SGD 50
Growth DCF
Growth DCF 0.0200 SGD 0.0300 SGD 0.0500 SGD 80

Widest divergence: Growth DCF (0.0300 SGD) versus Multiples (0.0100 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 269K SGD
Revenue growth (YoY) -98.4%
Return on equity -25.2%
Free cash flow 5.6M SGD FY2025
Operating margin -1,457%
EPS (TTM) -0.0100 SGD
More key figures
Net debt 168K SGD FY2018

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 62 · Market factors (momentum, volatility) 25

Profitability 0
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

Alset International Limited, an investment holding company, engages in the property development, investment, food and beverage, biomedical, and direct sales businesses in the United States and Singapore.

Full company description

Alset International Limited, an investment holding company, engages in the property development, investment, food and beverage, biomedical, and direct sales businesses in the United States and Singapore. The company offers robotics consultation and implementation, robot-as-a-service solutions, managed support services, and partnership with robotics developers; land development, home construction, sales, renting, and property management; operating cafes and distributing nutritionally balanced meals; as well as packaging solutions. It also engages in biopharmaceutical technologies to develop treatments in oncology, neurology, and immunology; as well as consumer products, such as natural sugar alternatives, fragrances, insect repellents, antibacterial, antiviral, and antimicrobial technologies. The company was formerly known as Singapore eDevelopment Limited and changed its name to Alset International Limited in September 2020. The company was incorporated in 2009 and is based in Singapore. Alset International Limited is a subsidiary of Alset Business Development Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ALSET INTERNATIONAL LIMITED reported revenue of 269K SGD in FY2025 versus 26.2M SGD in FY2021, a compound −68.2%/yr. Reported net income was −18.4M SGD in FY2025.

Growth Quality 7/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
269K SGD
Latest YoY
−98.8%
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.
−59.6%
Avg. growth/yr (10Y) 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.
−24.3%
Revenue −68.2%/yr
FY21 26.2M SGD
FY22 3.0M SGD
FY23 24.4M SGD
FY24 22.4M SGD
FY25 269K SGD
Net income
FY21 −49.2M SGD
FY22 −46.4M SGD
FY23 −4.6M SGD
FY24 −17.2M SGD
FY25 −18.4M SGD

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Cite: Fair Value Calculator (2026). "ALSET INTERNATIONAL LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/40V

Peer Group

Real Estate - Development · 590 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 56 · Above median
Fair Value upside +11% · Above median
Return on assets -7% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -98% · Bottom 25%

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/B 0.72× · Pricier than median
P/FCF 8.3× · 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 48 · sector 48
FUTURE 0 · sector 0
PAST 0 · sector 9
HEALTH 100 · sector 85
DIVIDEND 0 · sector 58

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 - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹661.75 ₹146.13 -78%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,488 IDR +150%
PT Sentul City Tbk, BKSL 73.00 IDR 84.16 IDR +15%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is ALSET INTERNATIONAL LIMITED (40V) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0200 SGD versus a price of 0.0180 SGD, about +11% (undervalued).
What is the fair value of 40V?
Our model-based fair value for ALSET INTERNATIONAL LIMITED is 0.0200 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0180 SGD.
What is the quality score of 40V?
ALSET INTERNATIONAL LIMITED has a Quality Score of 52/100. 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 ALSET INTERNATIONAL LIMITED (40V)?
ALSET INTERNATIONAL LIMITED reported trailing-twelve-month revenue of about 269K SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 40V?
The net profit margin of ALSET INTERNATIONAL 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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