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ZICO Holdings (40W) Fair Value & Analysis

Industrials · SG · Market cap 20.6M SGD

ZH ZICO Holdings 40W · SG
Price0.0500 SGD
Fair Value0.0450 SGD
Upside-10.0%
Quality50/100
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Evidence: Medium Range 0.0400 SGD – 0.0500 SGD

Fair value as of: Jul 3, 2026

From 10 valuation models · updated today

Share price +11.1% over the past month.

Price vs Fair Value (12 months)

0.0780 SGD 0.0302 SGD Fair Value 0.0450 SGD Jul 2025 Jul 2026

12‑month range 0.0302 SGD – 0.0780 SGD · fair‑value band 0.0400 SGD – 0.0500 SGD · the 0.0500 SGD price screens above the 0.0450 SGD fair value. As of Jul 3, 2026.

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Analysis

ZICO Holdings (40W) currently trades at 0.0500 SGD, while our model-based Fair Value estimate is 0.0450 SGD — implying the stock looks roughly 10.0% overvalued today. We read business quality at 50/100 (solid quality), in the Industrials 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: medium).

Over the trailing twelve months, ZICO Holdings generated revenue of 14.3M SGD at a net margin of 2.1%. Revenue declined 1.2% year over year. It earns a return on equity of 2.1%. Net debt stands at 3.6M SGD. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) 14.3M SGD
Revenue growth (YoY) -1.2%
Net margin 2.1%
Return on equity 2.1%
Free cash flow −504K SGD FY2025
Operating margin -31.9%
More key figures
EPS (TTM) -0.0200 SGD
Dividend yield 2.0%
EPS growth (YoY) -91.4%
Net debt 3.6M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

ZICO Holdings Inc., an investment holding company, provides multidisciplinary professional services in Singapore, Malaysia, Thailand, Indonesia, China, Hong Kong, the United States, and internationally. It operates in two segments, Advisory and Transactional Services; and Management, Support Services and Licensing Services. The company offers legal, Shariah advisory, trust, incorporation and corporate secretarial, investor, intellectual property, wealth management, fund management, external asset management, corporate finance advisory, insourcing and consultancy, legacy management, and immigration services. It also provides strategic advisory, market intelligence, and risk management services; and information technology, human resource, training, and corporate communications services, as well as accounting and finance. In addition, the company licenses the ZICO trademarks, as well as offers corporate and related consulting, legal advisory, resourcing and advisory, share …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ZICO Holdings reported revenue of 14.3M SGD in FY2025 versus 69.0M SGD in FY2021, a compound −32.5%/yr. Reported net income was 1.0M SGD in FY2025, compounding +3.9%/yr from FY2021.

Revenue −32.5%/yr
FY21 69.0M SGD
FY22 64.9M SGD
FY23 17.2M SGD
FY24 14.0M SGD
FY25 14.3M SGD
Net income +3.9%/yr
FY21 882K SGD
FY22 −865K SGD
FY23 −7.3M SGD
FY24 −5.6M SGD
FY25 1.0M SGD

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Frequently asked questions

Is ZICO Holdings (40W) undervalued?
As of Jul 3, 2026, our model estimates a fair value of 0.0450 SGD versus a price of 0.0500 SGD — about −10% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 40W?
Our model-based fair value for ZICO Holdings is 0.0450 SGD (as of Jul 3, 2026), built from audited fundamentals. The current price is 0.0500 SGD.
What is the quality score of 40W?
ZICO Holdings has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ZICO Holdings (40W)?
ZICO Holdings reported trailing-twelve-month revenue of about 14.3M SGD (latest available figure, as of Jul 3, 2026).
What is the net profit margin of 40W?
The net profit margin of ZICO Holdings is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does ZICO Holdings pay a dividend?
ZICO Holdings currently shows a dividend yield of about 2.00% relative to its recent price (as of Jul 3, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.