ANNAIK LIMITED (A52) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of ANNAIK LIMITED S$0.08, price S$0.05, upside +60.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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AnnAik Limited, an investment holding company, manufactures and distributes stainless steel products in Singapore, Malaysia, the People's Republic of China, Indonesia, Australia, China, New Zealand, and internationally.
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AnnAik Limited, an investment holding company, manufactures and distributes stainless steel products in Singapore, Malaysia, the People's Republic of China, Indonesia, Australia, China, New Zealand, and internationally. It operates through three segments: Distribution of Stainless Steel Piping Products and Non-Steel Products; Manufacturing of Steel Flanges; and Environmental Business. The company distributes stainless steel pipes, flanges, buttwelded fittings, low/high pressure fittings, valves, stub ends, and flat products. It is also involved in the designing, contracting, and managing engineering projects; marketing and sale of steel related products; wholesale of metals and metal ores; development of environmental technologies, as well as environmental engineering activities; and provision of import and export agency services. In addition, the company constructs, owns, operates, and manages wastewater treatment plants; constructs and supplies rural wastewater treatment equipment; and provides consulting services in water resource management to governmental and commercial operators. AnnAik Limited was incorporated in 1977 and is based in Singapore.
Stock analysis
ANNAIK LIMITED (A52) currently trades at 0.0530 SGD, while our model-based Fair Value estimate is 0.0848 SGD, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.2000 SGD per share, and 14 of the 14 models we run sit above the 0.0530 SGD price.
Bear case: the Earnings-Based group reads lowest at 0.0700 SGD, and 0 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0675 SGD (bear) to 0.1021 SGD (bull), the price of 0.0530 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 56/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ANNAIK LIMITED reported revenue of 36.0M SGD in FY2025 versus 99.6M SGD in FY2021, a compound −22.4%/yr. Reported net income was −520K SGD in FY2025.
Key figures
Market cap 18.5M SGD (≈ $14.4M) · P/S ratio 0.51 · Dividend yield 5.7% · Net margin −1.4% · Return on equity 1.2% · Return on assets (EBIT) 4.5% · Operating margin −4.2% · Revenue (TTM) 36.0M SGD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at 60%, A52 screens cheaper than that median.
Fair Value models
Bear 0.0675 SGDFair Value 0.0848 SGDBull 0.1021 SGD
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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−24.4%
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.
−24.2%
Revenue growth 5 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.
−6.0%
Start year 2020 (pandemic). Over 10 years: −3.8% a year
Revenue growth 12 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.
−3.1%
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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.
6.7% (2020) → 6.8% (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
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−26.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −27.8% a year for the price.
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.Steel · 407 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (TTM)1.2% · Below median
Return on assets1.1% · Below median
Net margin (TTM)−1.4% · Bottom 25%
Operating margin (TTM)−4.2% · Bottom 25%
Growth and dividend
Revenue growth−39.1% · Bottom 25%
Dividend yield (TTM)5.7% · Top 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ANNAIK LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/A52
Frequently asked questions
Is ANNAIK LIMITED (A52) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.0848 SGD versus the last price from Sep 25, 2026 of 0.0530 SGD, about +60% upside (undervalued).
What is the fair value of A52?
Our model-based fair value for ANNAIK LIMITED is 0.0848 SGD (as of Sep 27, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): 0.0530 SGD.
What is the quality score of A52?
ANNAIK LIMITED has a Quality Score of 56/100. 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 ANNAIK LIMITED (A52)?
Our model-based price target is the fair value of 0.0848 SGD (as of Sep 27, 2026) from 14 valuation models. Cautious scenario 0.0675 SGD, optimistic scenario 0.1021 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ANNAIK LIMITED stock forecast for 2026?
Our models put fair value at 0.0848 SGD, about +60% upside versus the last price from Sep 25, 2026 of 0.0530 SGD (undervalued). Cautious scenario 0.0675 SGD, optimistic scenario 0.1021 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ANNAIK LIMITED (A52)?
ANNAIK LIMITED reported trailing-twelve-month revenue of about 36.0M SGD (latest available figure, as of Sep 27, 2026).
Does ANNAIK LIMITED pay a dividend?
ANNAIK LIMITED currently shows a dividend yield of about 5.66% relative to its recent price (as of Sep 27, 2026).
What growth is priced into ANNAIK LIMITED (A52)?
For today's price to be fair in a discounted-cash-flow model, ANNAIK LIMITED would have to grow free cash flow by -26.3 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of A52 use?
Our models discount ANNAIK LIMITED at 8.3 %: a base by market capitalisation (nano), damped by beta 0.00, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ANNAIK LIMITED that is -26.3 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has ANNAIK LIMITED (A52) delivered so far?
Over the past 5 years revenue at ANNAIK LIMITED grew -6.0 % a year. The price currently implies -26.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ANNAIK LIMITED (A52) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into ANNAIK LIMITED (-26.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ANNAIK LIMITED (A52)?
The free-cash-flow yield on the price is 39.34 %: that much free cash flow ANNAIK LIMITED produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ANNAIK LIMITED (A52)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ANNAIK LIMITED it is 0.0848 SGD per share (as of Sep 27, 2026), against a price of 0.0530 SGD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is ANNAIK LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, A52 trades below its calculated fair value: price 0.0530 SGD, fair value 0.0848 SGD, a gap of about +60% (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 A52?
No. The price is what the market pays today (0.0530 SGD); the fair value is what the company's own numbers justify (0.0848 SGD). For ANNAIK LIMITED the two are 0.0318 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ANNAIK LIMITED worth?
The market values ANNAIK LIMITED at about 18.5M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.0530 SGD; our models calculate a fair value of 0.0848 SGD per share.
What do the bullish and bearish scenarios say about A52?
Our models span a range for ANNAIK LIMITED: cautious scenario 0.0675 SGD, base 0.0848 SGD, optimistic 0.1021 SGD per share (as of Sep 27, 2026, price 0.0530 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ANNAIK LIMITED (A52)?
Balance-sheet figures for ANNAIK LIMITED (as of Sep 27, 2026): return on equity 1.2%, debt of 0.13 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is A52 from its 52-week high?
ANNAIK LIMITED trades at 0.0530 SGD, about 31% below its 52-week high of 0.0768 SGD and at the low of 0.0530 SGD (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0848 SGD is for.
Which stocks are comparable to ANNAIK LIMITED?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 ANNAIK LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.0530 SGD, calculated fair value 0.0848 SGD (+60%), Quality Score 56/100, from 14 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 A52 calculated?
We run ANNAIK LIMITED through 14 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 0.0848 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 14.5 % above its aggregate fair value. ANNAIK LIMITED currently trades 38 % 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 ANNAIK LIMITED (A52)?
The latest price we hold is from Sep 25, 2026 and stands at 0.0530 SGD. Our model-based fair value is 0.0848 SGD, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ANNAIK LIMITED right now?
The price is below even our cautious bear case (0.0675 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. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of ANNAIK LIMITED
How large is the market capitalisation of ANNAIK LIMITED (A52)?
The market capitalisation of ANNAIK LIMITED is 18.5M SGD (≈ $14.4M). 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 ANNAIK LIMITED (A52)?
The price-to-sales ratio of ANNAIK LIMITED is 0.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of ANNAIK LIMITED (A52)?
The dividend yield of ANNAIK LIMITED is 5.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ANNAIK LIMITED (A52)?
The net margin of ANNAIK LIMITED is −1.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ANNAIK LIMITED (A52)?
The return on equity (ROE) of ANNAIK LIMITED is 1.2% (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 ANNAIK LIMITED (A52)?
On an EBIT basis the return on assets of ANNAIK LIMITED is 4.5% (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 ANNAIK LIMITED (A52)?
The operating margin of ANNAIK LIMITED is −4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ANNAIK LIMITED (A52)?
Revenue at ANNAIK LIMITED is growing −39.1% versus a year earlier (3y avg −24.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ANNAIK LIMITED (A52)?
Earnings per share at ANNAIK LIMITED are growing +17.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ANNAIK LIMITED (A52) carry?
The net debt of ANNAIK LIMITED is 6.2M SGD (fiscal year 2025, ≈ 1.0 yrs of FCF). 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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