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TAKA JEWELLERY HOLDINGS LIMITED (42L) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 111M SGD

TJ TAKA JEWELLERY HOLDINGS LIMITED 42L · SG
Price0.1900 SGD
Fair Value0.2700 SGD
Upside+42.1%
Quality48/100
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Expensive Growth
Thin margins · 1.8% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 18/100
Evidence: High Range 0.2000 SGD – 0.3000 SGD Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 4 days ago

Share price −1.0% over the past month.

Below-average quality, screening 42% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.2000 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) 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)

0.2250 SGD 0.0538 SGD Fair Value 0.2700 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 0.0538 SGD – 0.2250 SGD · fair‑value band 0.2000 SGD – 0.3000 SGD · the 0.1900 SGD price screens below the 0.2700 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

TAKA JEWELLERY HOLDINGS LIMITED (42L) currently trades at 0.1900 SGD, while our model-based Fair Value estimate is 0.2700 SGD, implying the stock looks roughly 42.1% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical 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: high), always confirm before acting.

Over the trailing twelve months, TAKA JEWELLERY HOLDINGS LIMITED generated revenue of 109M SGD at a net margin of 1.8%. Revenue grew 297.9% year over year. It earns a return on equity of 1.9%. Net debt stands at 57.5M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2000 SGD (bear case) to 0.3000 SGD (bull case); at 0.1900 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 17% below its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at 42%, 42L 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
Residual Income 0.1900 SGD 0.2000 SGD 0.2100 SGD 76
ROIC Compounder 0.2100 SGD 0.2400 SGD 0.2700 SGD 72
Growth-Adj P/E 0.3100 SGD 0.4400 SGD 0.5700 SGD 68
All 15 models by family
DCF Models
Owner Earnings 0.1700 SGD 0.2500 SGD 0.3400 SGD 31
Earnings-Based
Graham-Dodd 0.1500 SGD 0.5000 SGD 0.6600 SGD 54
Lynch FV 0.1100 SGD 0.1600 SGD 0.2100 SGD 50
PEG = 1.0 0.1100 SGD 0.1600 SGD 0.2100 SGD 46
EPV 0.2100 SGD 0.2400 SGD 0.2600 SGD 59
Multiples
P/E Multiple 0.3700 SGD 0.4900 SGD 0.6200 SGD 63
P/S Multiple 0.2900 SGD 0.3800 SGD 0.4800 SGD 58
P/B Multiple 0.2900 SGD 0.3800 SGD 0.4800 SGD 55
EV/EBIT 0.4500 SGD 0.6100 SGD 0.7600 SGD 53
EV/EBITDA 0.3900 SGD 0.5200 SGD 0.6600 SGD 54
EV/Revenue 0.2600 SGD 0.3800 SGD 0.4900 SGD 43
Asset-Based
NCAV (Graham) 0.1300 SGD 0.1700 SGD 0.2500 SGD 50
Economic Profit
Residual Income 0.1900 SGD 0.2000 SGD 0.2100 SGD 76
ROIC Compounder 0.2100 SGD 0.2400 SGD 0.2700 SGD 72
Growth Earnings
Growth-Adj P/E 0.3100 SGD 0.4400 SGD 0.5700 SGD 68

Widest divergence: Growth Earnings (0.4400 SGD) versus Earnings-Based (0.1600 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 109M SGD
Revenue growth (YoY) +298%
Net margin 1.8%
Return on equity 1.9%
Free cash flow −17.5M SGD FY2025
P/E ratio 6.3
More key figures
Operating margin 1.0%
EPS (TTM) 0.0300 SGD
EPS growth (YoY) +59.6%
Net debt 57.5M SGD FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 68

Profitability 41
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 83
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

Taka Jewellery Holdings Limited, an investment holding company, designs, manufactures, retails, and wholesales jewellery worldwide. It operates through three segments: Wholesale and Exhibitions, Retail, and Financial Services. The company retails and trades in pre-owned jewelry under the Top Cash brand.

Full company description

Taka Jewellery Holdings Limited, an investment holding company, designs, manufactures, retails, and wholesales jewellery worldwide. It operates through three segments: Wholesale and Exhibitions, Retail, and Financial Services. The company retails and trades in pre-owned jewelry under the Top Cash brand. It also involved in the retail of secondhand jewelry; secured lending and pawnbroking business; and operation as a gold bullion broker and trader. In addition, the company operates jewelry outlets under the Taka Jewellery brand; and pawnshops, as well as offers contemporary line of jewelry. The company was formerly known as TLV Holdings Limited. Taka Jewellery Holdings Limited was founded in 1997 is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TAKA JEWELLERY HOLDINGS LIMITED reported revenue of 178M SGD in FY2025 versus 96.8M SGD in FY2021, a compound +16.5%/yr. Reported net income was 12.5M SGD in FY2025, compounding +50.9%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
178M SGD
Latest YoY
+21.6%
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.
+19.6%
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.
+9.4%
Avg. growth/yr (11Y) 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.
+4.3%
Revenue +16.5%/yr
FY21 96.8M SGD
FY22 104M SGD
FY23 146M SGD
FY24 147M SGD
FY25 178M SGD
Net income +50.9%/yr
FY21 2.4M SGD
FY22 5.9M SGD
FY23 9.0M SGD
FY24 10.3M SGD
FY25 12.5M SGD

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Cite: Fair Value Calculator (2026). "TAKA JEWELLERY HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/42L

Peer Group

Luxury Goods · 137 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 48 · Below median
Fair Value upside +42% · Top 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 298% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.13× · Higher than 75% of peers

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 6.3× · Cheaper 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 89 · sector 16
FUTURE 100 · sector 35
PAST 8 · sector 40
HEALTH 94 · sector 99
DIVIDEND 18 · sector 44

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

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 193.70 CHF 119.08 -39%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 -43%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%

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Frequently asked questions

Is TAKA JEWELLERY HOLDINGS LIMITED (42L) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.2700 SGD versus a price of 0.1900 SGD, about +42% (undervalued).
What is the fair value of 42L?
Our model-based fair value for TAKA JEWELLERY HOLDINGS LIMITED is 0.2700 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.1900 SGD.
What is the quality score of 42L?
TAKA JEWELLERY HOLDINGS LIMITED has a Quality Score of 48/100. 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 TAKA JEWELLERY HOLDINGS LIMITED (42L)?
TAKA JEWELLERY HOLDINGS LIMITED reported trailing-twelve-month revenue of about 109M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 42L?
The net profit margin of TAKA JEWELLERY HOLDINGS LIMITED is about 1.8%, meaning it keeps roughly 1.8% 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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