Polaris E&M Limited (9VW) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Polaris E&M Limited S$0.24, price S$0.10, upside +130.8%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Polaris E&M Limited, an investment holding company, engages in the development, production, presentation, and financing of theatrical motion pictures in Korea. It operates through Distribution of Films; Production of Films; Talent Management; Consulting Services; and Sale of Content segments.
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Polaris E&M Limited, an investment holding company, engages in the development, production, presentation, and financing of theatrical motion pictures in Korea. It operates through Distribution of Films; Production of Films; Talent Management; Consulting Services; and Sale of Content segments. The company also distributes its films theatrically and in other forms, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, home video/DVD, etc. In addition, it plans, produces, and distributes television dramas and performances; produces and sells music albums and recording tapes; and provides consulting services to produce Korean content. Further, the company represents and guides the careers of artists in motion pictures, television, commercial endorsements, and branded entertainment; processes and sells food products; operates and franchises restaurants; manages artiste events sales from movies and dramas; and acts as an agency for Korean artists venturing into the overseas market. Additionally, it develops other software and programming activities; operates web portals; and leases properties, motor vehicles, and office equipment. The company was formerly known as Spackman Entertainment Group Limited and changed its name to Polaris E&M Limited in June 2026. The company was founded in 2011 and is based in Singapore.
Stock analysis
Polaris E&M Limited (9VW) currently trades at 0.1040 SGD, while our model-based Fair Value estimate is 0.2400 SGD, implying the stock looks roughly 56.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 0.1800 SGD (bear) to 0.3700 SGD (bull), the price of 0.1040 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 40/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Polaris E&M Limited reported revenue of $1.2M in FY2025 versus $14.9M in FY2021, a compound −46.5%/yr. Reported net income was −$15.4M in FY2025.
The share trades about 38% below its 52-week high and 53% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −2% fair-value upside, at 131%, 9VW screens cheaper than that median.
Fair Value models
Bear 0.1800 SGDFair Value 0.2400 SGDBull 0.3700 SGD
Price 0.1040 SGD · Upside +130.8%
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.
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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+556.7%
Revenue growth 3 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.
−28.9%
’21
’22
’23
’24
’25
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.
−28.6% (2021) → −208.1% (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
Price, fair value, quality and upside side by side.
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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.Entertainment · 228 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside+130.8% · Top 25%
Profitability
Return on assets−3.3% · Bottom 25%
Growth and dividend
Revenue growth−94.4% · Bottom 25%
Balance sheet
Debt / equity0.30× · Above median
Valuation Multiplesvs Entertainment median · lower = cheaper
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Is Polaris E&M Limited (9VW) overvalued or undervalued?
As of Oct 12, 2026, our model estimates a fair value of 0.2400 SGD versus a price of 0.1040 SGD, about +131% upside (undervalued).
What is the fair value of 9VW?
Our model-based fair value for Polaris E&M Limited is 0.2400 SGD (as of Oct 12, 2026), built from audited fundamentals. The current price: 0.1040 SGD.
What is the quality score of 9VW?
Polaris E&M Limited has a Quality Score of 40/100. 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 Polaris E&M Limited (9VW)?
Our model-based price target is the fair value of 0.2400 SGD (as of Oct 12, 2026) from 1 valuation models. Cautious scenario 0.1800 SGD, optimistic scenario 0.3700 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the Polaris E&M Limited stock forecast for 2026?
Our models put fair value at 0.2400 SGD, about +131% upside versus a price of 0.1040 SGD (undervalued). Cautious scenario 0.1800 SGD, optimistic scenario 0.3700 SGD. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Polaris E&M Limited (9VW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Polaris E&M Limited it is 0.2400 SGD per share (as of Oct 12, 2026), against a price of 0.1040 SGD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Polaris E&M Limited stock overvalued or undervalued in 2026?
As of Oct 12, 2026, 9VW trades below its calculated fair value: price 0.1040 SGD, fair value 0.2400 SGD, a gap of about +131% (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 9VW?
No. The price is what the market pays today (0.1040 SGD); the fair value is what the company's own numbers justify (0.2400 SGD). For Polaris E&M Limited the two are 0.1360 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is Polaris E&M Limited worth?
The market values Polaris E&M Limited at about 1.9M SGD (market capitalisation, as of Oct 12, 2026). Per share that is 0.1040 SGD; our models calculate a fair value of 0.2400 SGD per share.
What do the bullish and bearish scenarios say about 9VW?
Our models span a range for Polaris E&M Limited: cautious scenario 0.1800 SGD, base 0.2400 SGD, optimistic 0.3700 SGD per share (as of Oct 12, 2026, price 0.1040 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Polaris E&M Limited (9VW)?
Balance-sheet figures for Polaris E&M Limited (as of Oct 12, 2026): return on equity −76.0%, debt of 0.30 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 9VW from its 52-week high?
Polaris E&M Limited trades at 0.1040 SGD, about 38% below its 52-week high of 0.1690 SGD and 53% above the low of 0.0680 SGD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2400 SGD is for.
Which stocks are comparable to Polaris E&M Limited?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, 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 Polaris E&M Limited stock attractive at the current price?
The data as of Oct 12, 2026: price 0.1040 SGD, calculated fair value 0.2400 SGD (+131%), Quality Score 40/100, from 1 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 9VW calculated?
We run Polaris E&M Limited through 1 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 0.2400 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 14.8 % above its aggregate fair value. Polaris E&M Limited currently trades 57 % 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 Polaris E&M Limited (9VW)?
The closing price on Oct 8, 2026 was 0.1040 SGD. Our model-based fair value is 0.2400 SGD, about +131% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Polaris E&M Limited right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.1800 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.1800 SGD to 0.3700 SGD) leaves room in how you read the outcome.
Key figures of Polaris E&M Limited
How large is the market capitalisation of Polaris E&M Limited (9VW)?
The market capitalisation of Polaris E&M Limited is 1.9M SGD (≈ $1.5M). 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 is the P/S ratio of Polaris E&M Limited (9VW)?
The price-to-sales ratio of Polaris E&M Limited is 23.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Polaris E&M Limited (9VW)?
Earnings per share at Polaris E&M Limited are −0.6300 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Polaris E&M Limited (9VW)?
The return on equity (ROE) of Polaris E&M Limited is −76.0% (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 Polaris E&M Limited (9VW)?
On an EBIT basis the return on assets of Polaris E&M Limited is −13.4% (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 Polaris E&M Limited (9VW)?
The operating margin of Polaris E&M Limited is −251% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Polaris E&M Limited (9VW)?
Revenue at Polaris E&M Limited is growing −94.4% versus a year earlier (3y avg −28.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Polaris E&M Limited (9VW) generate?
The free cash flow of Polaris E&M Limited is −967K SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Polaris E&M Limited (9VW) carry?
The net debt of Polaris E&M Limited is 3.9M SGD (fiscal year 2025). 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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