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BH Global Corporation (911608) Fair Value & Analysis

Industrials · TW · Market cap 410M TWD

BG BH Global Corporation 911608 · TW
Price2.54 TWD
Fair Value3.00 TWD
Upside+18.1%
Quality59/100
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Weak Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 18/100
Evidence: High Range 2.25 TWD – 3.75 TWD Share as image

Fair value as of: Jul 23, 2026

From 21 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 3.86 TWD to 3.00 TWD (−22.3%) since Jul 14, 2026. Share price −6.3% over the past month.

A solid business, screening 18% undervalued on our models.

What matters now

  • Our model range runs from 2.25 TWD (bear) to 3.75 TWD (bull), base 3.00 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

5.86 TWD 2.33 TWD Fair Value 3.00 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 2.33 TWD – 5.86 TWD · fair‑value band 2.25 TWD – 3.75 TWD · the 2.54 TWD price screens below the 3.00 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

BH Global Corporation (911608) currently trades at 2.54 TWD, while our model-based Fair Value estimate is 3.00 TWD, implying the stock looks roughly 18.1% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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, BH Global Corporation generated revenue of 48.3M TWD at a net margin of 2.2%. Revenue declined 22.5% year over year. It earns a return on equity of 0.7%. Net debt stands at 13.5M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.25 TWD (bear case) to 3.75 TWD (bull case); at 2.54 TWD, the current price sits within 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 28% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 18%, 911608 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
Growth DCF 0.2000 TWD 0.2500 TWD 0.3200 TWD 80
Residual Income 0.2300 TWD 0.2200 TWD 0.1600 TWD 76
Rev-Margin DCF 0.2000 TWD 0.2800 TWD 0.3800 TWD 74
All 21 models by family
DCF Models
FCF DCF 0.2000 TWD 0.2500 TWD 0.3300 TWD 38
Owner Earnings 0.1300 TWD 0.1600 TWD 0.2100 TWD 31
5Y Revenue Exit 0.2000 TWD 0.2700 TWD 0.3800 TWD 39
5Y EBITDA Exit 0.1200 TWD 0.1400 TWD 0.1600 TWD 41
5Y P/E Exit 0.1600 TWD 0.2000 TWD 0.2500 TWD 38
10Y Revenue Exit 0.1900 TWD 0.2400 TWD 0.3000 TWD 36
10Y EBITDA Exit 0.1500 TWD 0.1700 TWD 0.1800 TWD 37
10Y P/E Exit 0.1700 TWD 0.2000 TWD 0.2300 TWD 35
Earnings-Based
Graham-Dodd 0.0500 TWD 0.0600 TWD 0.0700 TWD 54
Dividend Discount
Gordon GGM 0.0800 TWD 0.0900 TWD 0.0900 TWD 70
DDM Multi-Stage 0.0800 TWD 0.0900 TWD 0.1100 TWD 61
Multiples
P/E Multiple 0.1100 TWD 0.1500 TWD 0.1800 TWD 63
P/S Multiple 0.0900 TWD 0.1200 TWD 0.1500 TWD 58
P/B Multiple 0.0900 TWD 0.1200 TWD 0.1500 TWD 55
EV/EBITDA 0.0600 TWD 0.0700 TWD 0.0900 TWD 54
EV/Revenue 0.2200 TWD 0.3000 TWD 0.3800 TWD 43
Asset-Based
NCAV (Graham) 0.1700 TWD 0.2300 TWD 0.3500 TWD 50
Growth DCF
Growth DCF 0.2000 TWD 0.2500 TWD 0.3200 TWD 80
Rev-Margin DCF 0.2000 TWD 0.2800 TWD 0.3800 TWD 74
Economic Profit
Residual Income 0.2300 TWD 0.2200 TWD 0.1600 TWD 76
Growth Earnings
Growth-Adj P/E 0.0800 TWD 0.1100 TWD 0.1500 TWD 68

Widest divergence: Growth DCF (0.2500 TWD) versus Earnings-Based (0.0600 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 48.3M TWD
Revenue growth (YoY) -22.5%
Net margin 2.2%
Return on equity 0.7%
Free cash flow 3.1M TWD FY2025
P/E ratio 15.2
More key figures
Operating margin -0.1%
EPS (TTM) 0.1800 TWD
EPS growth (YoY) -38.2%
Net debt 13.5M TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 41

Profitability 29
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 100
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

BH Global Corporation Limited, an investment holding company, provides a suite of technological solutions in Singapore and internationally. It operates through Electrical and Technical Supply, Green and Environmentally Friendly LED lighting, Information Security, and Integration Engineering segments.

Full company description

BH Global Corporation Limited, an investment holding company, provides a suite of technological solutions in Singapore and internationally. It operates through Electrical and Technical Supply, Green and Environmentally Friendly LED lighting, Information Security, and Integration Engineering segments. The company trades in goods for shipping cables, marine lighting equipment, fixtures, and accessories; and offers network security solutions, marine surveillance systems, and thermal scanners, as well as engineering services comprising marine pipe installation, procurement and construction management for electrical, instrumentation, and telecommunications systems for onshore and offshore facilities. It also provides mass fever screening systems and night vision technologies; engineering, procurement, integration, project management, and piping solutions; and IT electronics products and solutions. In addition, the company offers medical, professional, engineering, scientific, and precision equipment; manufactures and repairs machinery, engineering and scientific instruments, and marine equipment; and engages in the repair and modification of ships and offshore structures. Further, it is involved in the wholesale and retail of electrical goods, appliances, and other products related to marine supply and servicing; medical, specialized, scientific, and cat-related products; electrification of marine propulsion systems; provision of engineering design and consultancy services in energy management and clean, and marine and offshore related services and products as well as hardware and licensing, providing training on network security solutions, and offering professional services,; and energy storage systems. The company was formerly known as BH Global Marine Limited and changed its name to BH Global Corporation Limited in May 2013. The company was founded in 1963 and is headquartered in Singapore. BH Global Corporation Limited is a subsidiary of Beng Hui Holding (S) Pte Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BH Global Corporation reported revenue of 47.2M TWD in FY2025 versus 46.8M TWD in FY2021, a compound +0.2%/yr. Reported net income was 1.1M TWD in FY2025, compounding −32.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
47.2M TWD
Latest YoY
−21.8%
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.
−5.1%
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.
−2.4%
Avg. growth/yr (20Y) 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.
+2.2%
Revenue +0.2%/yr
FY21 46.8M TWD
FY22 55.2M TWD
FY23 59.2M TWD
FY24 60.4M TWD
FY25 47.2M TWD
Net income −32.1%/yr
FY21 5.0M TWD
FY22 2.9M TWD
FY23 3.5M TWD
FY24 2.7M TWD
FY25 1.1M TWD

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Cite: Fair Value Calculator (2026). "BH Global Corporation Fair Value". https://www.fairvalue-calculator.com/stock/911608

Peer Group

Industrial Distribution · 102 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 59 · Above median
Fair Value upside +18% · Above median
Return on equity (TTM) 1% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -23% · Bottom 25%

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than median
P/B 0.24× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than median
P/FCF 4.1× · Cheaper than median

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 57 · sector 19
FUTURE 0 · sector 19
PAST 3 · sector 37
HEALTH 100 · sector 90
DIVIDEND 0 · sector 31

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

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W.W. Grainger, Inc GWW $1,376 $625.61 -55%
Fastenal Company FAST $45.49 $20.64 -55%
Ferguson Enterprises Inc FERG $232.02 $151.92 -35%
WESCO International, Inc WCC $326.71 $213.01 -35%
Watsco, Inc WSO $385.16 $268.10 -30%
Toromont Industries Ltd TIH C$232.22 C$127.90 -45%
Applied Industrial Technologies, Inc AIT $329.35 $191.65 -42%
Finning International Inc FTT C$102.50 C$76.38 -25%
Addtech AB ADDTB kr 329.20 kr 156.35 -53%
Core & Main, Inc CNM $44.66 $49.47 +11%

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Frequently asked questions

Is BH Global Corporation (911608) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 3.00 TWD versus a price of 2.54 TWD, about +18% (undervalued).
What is the fair value of 911608?
Our model-based fair value for BH Global Corporation is 3.00 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 2.54 TWD.
What is the quality score of 911608?
BH Global Corporation has a Quality Score of 59/100. 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 BH Global Corporation (911608)?
BH Global Corporation reported trailing-twelve-month revenue of about 48.3M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 911608?
The net profit margin of BH Global Corporation is about 2.2%, meaning it keeps roughly 2.2% 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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