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ALSET INTERNATIONAL LIMITED (40V) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of ALSET INTERNATIONAL LIMITED S$0.02, price S$0.01, upside +19.2%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Real Estate · SG · ISIN SG1AE2000006

AI Thin data Sep 27, 2026

ALSET INTERNATIONAL LIMITED

40V · SG

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value 0.0155 SGD · Undervalued (+19.2%)
!Quality 52/100
!Weak Growth (revenue 5y −59.6 %/yr)
✓Low debt · generates free cash flow
!Trails peers (2/8)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

0.0680 SGD 0.0130 SGD Fair Value 0.0155 SGD Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 0.0130 SGD – 0.0680 SGD · fair‑value band 0.0138 SGD – 0.0181 SGD · the 0.0130 SGD price screens below the 0.0155 SGD fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

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.

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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.

Stock analysis

ALSET INTERNATIONAL LIMITED (40V) currently trades at 0.0130 SGD, while our model-based Fair Value estimate is 0.0155 SGD, implying the stock looks roughly 16.1% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 0.0500 SGD per share, and 4 of the 6 models we run sit above the 0.0130 SGD price.

Bear case: the Multiples group reads lowest at 0.0100 SGD, and 2 of the 6 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.0138 SGD (bear) to 0.0181 SGD (bull), the price of 0.0130 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 52/100 (solid quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

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.

Key figures

Market cap 59.4M SGD (≈ $46.3M) · EPS (TTM) −0.0100 SGD · Return on equity −25.2% · Return on assets (EBIT) −8.2% · Operating margin −1,457% · Revenue (TTM) 269K SGD · Revenue growth (YoY) −98.4% · Free cash flow 5.6M SGD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at 19%, 40V screens cheaper than that median.

Fair Value models

Bear 0.0138 SGD Fair Value 0.0155 SGD Bull 0.0181 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.
Highest evidence
FCF DCF 0.0300 SGD 0.0500 SGD 0.0900 SGD 77
Growth DCF 0.0300 SGD 0.0500 SGD 0.0800 SGD 77
5Y Revenue Exit 0.0100 SGD 0.0200 SGD 0.0200 SGD 74
All 6 models by family
DCF Models
FCF DCF 0.0300 SGD 0.0500 SGD 0.0900 SGD 77
5Y Revenue Exit 0.0100 SGD 0.0200 SGD 0.0200 SGD 74
10Y Revenue Exit 0.0200 SGD 0.0200 SGD 0.0300 SGD 68
Multiples
EV/Revenue 0.0100 SGD 0.0100 SGD 0.0100 SGD 54
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0200 SGD 52
Growth DCF
Growth DCF 0.0300 SGD 0.0500 SGD 0.0800 SGD 77

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Quality Score breakdown

Overall quality 52/100

Of which business quality 62 · Market factors (momentum, volatility) 15

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 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 7/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−98.8%
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.
−59.6%
Start year 2020 (pandemic). Over 10 years: −24.3% a year
Revenue growth 10 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.
−24.3%
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.
−12.0% (2020) → −5,214.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more 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).
−9.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −11.0% a year for the price.

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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.Real Estate - Development · 566 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside +19.2% · Below median
Profitability
Return on assets −6.6% · Bottom 25%
Growth and dividend
Revenue growth −98.4% · Bottom 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/B 0.72× · Pricier than median
P/FCF 8.2× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)59 · sector 71
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)0 · sector 12
HEALTH (low debt)100 · sector 83
DIVIDEND (yield)0 · sector 58

Context: sector, industry, market

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$107.10 HK$155.14 +45%
China Resources Land Limited 1109 HK$28.64 HK$71.60 +150%
CK Asset Holdings 1113 HK$46.00 HK$71.49 +55%
Hongkong Land Holdings H78 $8.57 $1.52 −82%
DLF Limited DLF ₹683.00 ₹167.48 −75%
China Overseas Land & Investment Limited 0688 HK$12.42 HK$22.33 +80%
Lodha Developers Limited LODHA ₹1,165 ₹274.14 −76%
Poly Developments and Holdings 600048 ¥5.56 ¥5.87 +6%
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.18 ¥6.04 −16%
The Wharf (Holdings) Limited 0004 HK$19.39 HK$8.31 −57%

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ALSET INTERNATIONAL LIMITED · Fair Value
0.0155 SGD +16%Fair Value
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Cite: Fair Value Calculator (2026). "ALSET INTERNATIONAL LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/40V

Frequently asked questions

Is ALSET INTERNATIONAL LIMITED (40V) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.0155 SGD versus a price of 0.0130 SGD, about +19% upside (undervalued).
What is the fair value of 40V?
Our model-based fair value for ALSET INTERNATIONAL LIMITED is 0.0155 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.0130 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 price target for ALSET INTERNATIONAL LIMITED (40V)?
Our model-based price target is the fair value of 0.0155 SGD (as of Sep 27, 2026) from 6 valuation models. Cautious scenario 0.0138 SGD, optimistic scenario 0.0181 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ALSET INTERNATIONAL LIMITED stock forecast for 2026?
Our models put fair value at 0.0155 SGD, about +19% upside versus a price of 0.0130 SGD (undervalued). Cautious scenario 0.0138 SGD, optimistic scenario 0.0181 SGD. The calculation is refreshed regularly with new filings.
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 Sep 27, 2026).
What growth is priced into ALSET INTERNATIONAL LIMITED (40V)?
For today's price to be fair in a discounted-cash-flow model, ALSET INTERNATIONAL LIMITED would have to grow free cash flow by -9.2 % 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 -59.6 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 40V use?
Our models discount ALSET INTERNATIONAL 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 ALSET INTERNATIONAL LIMITED that is -9.2 % 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 ALSET INTERNATIONAL LIMITED (40V) delivered so far?
Over the past 5 years revenue at ALSET INTERNATIONAL LIMITED grew -59.6 % a year. The price currently implies -9.2 % 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 ALSET INTERNATIONAL LIMITED (40V) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into ALSET INTERNATIONAL LIMITED (-9.2 % 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 ALSET INTERNATIONAL LIMITED (40V)?
The free-cash-flow yield on the price is 12.38 %: that much free cash flow ALSET INTERNATIONAL 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 ALSET INTERNATIONAL LIMITED (40V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ALSET INTERNATIONAL LIMITED it is 0.0155 SGD per share (as of Sep 27, 2026), against a price of 0.0130 SGD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is ALSET INTERNATIONAL LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 40V trades below its calculated fair value: price 0.0130 SGD, fair value 0.0155 SGD, a gap of about +19% (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 40V?
No. The price is what the market pays today (0.0130 SGD); the fair value is what the company's own numbers justify (0.0155 SGD). For ALSET INTERNATIONAL LIMITED the two are 0.0025 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ALSET INTERNATIONAL LIMITED worth?
The market values ALSET INTERNATIONAL LIMITED at about 59.4M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.0130 SGD; our models calculate a fair value of 0.0155 SGD per share.
What do the bullish and bearish scenarios say about 40V?
Our models span a range for ALSET INTERNATIONAL LIMITED: cautious scenario 0.0138 SGD, base 0.0155 SGD, optimistic 0.0181 SGD per share (as of Sep 27, 2026, price 0.0130 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ALSET INTERNATIONAL LIMITED (40V)?
Balance-sheet figures for ALSET INTERNATIONAL LIMITED (as of Sep 27, 2026): return on equity −25.2%. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 40V from its 52-week high?
ALSET INTERNATIONAL LIMITED trades at 0.0130 SGD, about 52% below its 52-week high of 0.0270 SGD and at the low of 0.0130 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0155 SGD is for.
Which stocks are comparable to ALSET INTERNATIONAL LIMITED?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, Hongkong Land Holdings, 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 ALSET INTERNATIONAL LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.0130 SGD, calculated fair value 0.0155 SGD (+19%), Quality Score 52/100, from 6 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 40V calculated?
We run ALSET INTERNATIONAL LIMITED through 6 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 0.0155 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. ALSET INTERNATIONAL LIMITED currently trades 16 % 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 ALSET INTERNATIONAL LIMITED (40V)?
The closing price on Oct 1, 2026 was 0.0130 SGD. Our model-based fair value is 0.0155 SGD, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ALSET INTERNATIONAL LIMITED right now?
The price is below even our cautious bear case (0.0138 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.

Key figures of ALSET INTERNATIONAL LIMITED

How large is the market capitalisation of ALSET INTERNATIONAL LIMITED (40V)?
The market capitalisation of ALSET INTERNATIONAL LIMITED is 59.4M SGD (≈ $46.3M). 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 are the earnings per share of ALSET INTERNATIONAL LIMITED (40V)?
Earnings per share at ALSET INTERNATIONAL LIMITED are −0.0100 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of ALSET INTERNATIONAL LIMITED (40V)?
The return on equity (ROE) of ALSET INTERNATIONAL LIMITED is −25.2% (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 ALSET INTERNATIONAL LIMITED (40V)?
On an EBIT basis the return on assets of ALSET INTERNATIONAL LIMITED is −8.2% (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 ALSET INTERNATIONAL LIMITED (40V)?
The operating margin of ALSET INTERNATIONAL LIMITED is −1,457% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ALSET INTERNATIONAL LIMITED (40V)?
Revenue at ALSET INTERNATIONAL LIMITED is growing −98.4% versus a year earlier (3y avg −55.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does ALSET INTERNATIONAL LIMITED (40V) carry?
The net debt of ALSET INTERNATIONAL LIMITED is 168K SGD (fiscal year 2018, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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