GS HOLDINGS LIMITED (43A) Fair Value & Analysis
Consumer Cyclical · SG · Market cap 50.5M SGD
Fair value as of: Aug 13, 2026
From 3 valuation models · updated 4 days ago
Share price −10.0% over the past month.
Below-average quality, and screening another 43% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.0289 SGD). The favourable scenario is already priced in.
- Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
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 0.0150 SGD – 0.4750 SGD · fair‑value band 0.0221 SGD – 0.0289 SGD · the 0.0450 SGD price screens above the 0.0255 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
GS HOLDINGS LIMITED (43A) currently trades at 0.0450 SGD, while our model-based Fair Value estimate is 0.0255 SGD, implying the stock looks roughly 43.3% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Consumer Cyclical 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: low).
Over the trailing twelve months, GS HOLDINGS LIMITED generated revenue of 62.9M SGD at a net margin of -3.4%. Revenue declined 26.1% year over year. It earns a return on equity of -57.8%. Net debt stands at 1.3M SGD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 0.0221 SGD (bear case) to 0.0289 SGD (bull case); at 0.0450 SGD, the current price sits above 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 37% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at -43%, 43A 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.
All 3 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 44
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
Octopus (APAC) Holdings Limited, an investment holding company, engages in leasing, operating, and managing self-owned or leased food courts, coffee shops, and eating houses in Singapore and Brunei.
Full company description
Octopus (APAC) Holdings Limited, an investment holding company, engages in leasing, operating, and managing self-owned or leased food courts, coffee shops, and eating houses in Singapore and Brunei. The company also operates food courts/coffee shops under the Hao Kou Wei brand; a chicken rice restaurant and chicken rice stalls in food courts under the Sing Swee Kee brand; a food kiosk under the Sing Swee Kee Express brand; halal chicken rice stall in the food court under the Rasa Chicken brand; and a local coffee cafe under the Raffles Coffee brand. In addition, it provides branding, operation, and procurement services, such as branding management, operational support, central procurement, recruitment, and customized training and development of human resources, as well as consultancy and management services in the food and beverage industry. Further, the company engages in processing and manufacturing of food products; and developing, franchising, trading, distribution, and management of food and beverage products and brands. Octopus (APAC) Holdings Limited was formerly known as GS Holdings Limited and changed its name to Octopus (APAC) Holdings Limited in March 2026. The company was incorporated in 2014 and is based in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
GS HOLDINGS LIMITED reported revenue of 9.2M SGD in FY2024 versus 13.6M SGD in FY2020, a compound −9.2%/yr. Reported net income was −2.4M SGD in FY2024.
43A screens 43% overvalued. Compare with McDonald's Corporation →
Peer Group
Restaurants · 228 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.
Valuation Multiples vs Restaurants median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| McDonald's Corporation MCDS | C$24.01 | C$10.84 | -55% |
| Starbucks Corporation SBUX | $108.49 | $35.83 | -67% |
| Chipotle Mexican Grill, Inc CMG | $32.00 | $17.92 | -44% |
| Yum! Brands, Inc YUM | $150.34 | $58.17 | -61% |
| Restaurant Brands International Inc QSR | C$104.50 | C$36.37 | -65% |
| Darden Restaurants, Inc DRI | $218.90 | $173.68 | -21% |
| Yum China Holdings YUMC | $47.90 | $54.27 | +13% |
| Texas Roadhouse, Inc TXRH | $214.28 | $104.89 | -51% |
| Dutch Bros Inc BROS | $51.02 | $12.80 | -75% |
| Domino's Pizza, Inc DPZ | $353.72 | $227.31 | -36% |
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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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