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ANNAIK LIMITED (A52) Fair Value & Analysis

Basic Materials · SG · Market cap 18.5M SGD

AL ANNAIK LIMITED A52 · SG
Price0.0550 SGD
Fair Value0.0880 SGD
Upside+60.0%
Quality56/100
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Weak Growth
Loss-making · -1.4% net margin
Low debt · generates free cash flow
4.69% dividend yield
Mixed vs. peers (6/13)
Narrow moat 18/100
Evidence: Medium Range 0.0696 SGD – 0.1059 SGD Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from 0.0863 SGD to 0.0880 SGD (+2.0%) since Aug 9, 2026. Share price −14.1% over the past month.

A solid business, screening 60% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.0696 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) 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)

0.0806 SGD 0.0402 SGD Fair Value 0.0880 SGD Apr 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 0.0402 SGD – 0.0806 SGD · fair‑value band 0.0696 SGD – 0.1059 SGD · the 0.0550 SGD price screens below the 0.0880 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ANNAIK LIMITED (A52) currently trades at 0.0550 SGD, while our model-based Fair Value estimate is 0.0880 SGD, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials 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: medium), always confirm before acting.

Over the trailing twelve months, ANNAIK LIMITED generated revenue of 36.0M SGD at a net margin of -1.4%. Revenue declined 39.1% year over year. It earns a return on equity of 1.2%. Net debt stands at 6.2M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0696 SGD (bear case) to 0.1059 SGD (bull case); at 0.0550 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 28% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 60%, A52 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 0.1700 SGD 0.2000 SGD 0.2600 SGD 80
Rev-Margin DCF 0.1200 SGD 0.1600 SGD 0.2000 SGD 74
ROIC Compounder 0.0500 SGD 0.0600 SGD 0.0600 SGD 72
All 14 models by family
DCF Models
FCF DCF 0.1600 SGD 0.2000 SGD 0.2700 SGD 38
Owner Earnings 0.0400 SGD 0.0500 SGD 0.0600 SGD 31
5Y Revenue Exit 0.1200 SGD 0.1500 SGD 0.2000 SGD 39
5Y EBITDA Exit 0.1500 SGD 0.2000 SGD 0.2700 SGD 41
10Y Revenue Exit 0.1400 SGD 0.1600 SGD 0.1900 SGD 36
10Y EBITDA Exit 0.1600 SGD 0.1900 SGD 0.2200 SGD 37
Earnings-Based
EPV 0.0500 SGD 0.0600 SGD 0.0600 SGD 59
Multiples
EV/EBIT 0.1000 SGD 0.1300 SGD 0.1600 SGD 53
EV/EBITDA 0.1500 SGD 0.2000 SGD 0.2500 SGD 54
EV/Revenue 0.0900 SGD 0.1200 SGD 0.1600 SGD 43
Asset-Based
NCAV (Graham) 0.1100 SGD 0.1500 SGD 0.2200 SGD 50
Growth DCF
Growth DCF 0.1700 SGD 0.2000 SGD 0.2600 SGD 80
Rev-Margin DCF 0.1200 SGD 0.1600 SGD 0.2000 SGD 74
Economic Profit
ROIC Compounder 0.0500 SGD 0.0600 SGD 0.0600 SGD 72

Widest divergence: DCF Models (0.1600 SGD) versus Earnings-Based (0.0600 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 36.0M SGD
Revenue growth (YoY) -39.1%
Net margin -1.4%
Return on equity 1.2%
Free cash flow 6.0M SGD FY2025
Operating margin -4.2%
More key figures
Dividend yield 4.7%
EPS growth (YoY) +17.0%
Net debt 6.2M SGD FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 35

Profitability 14
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
36.0M SGD
Latest YoY
−24.4%
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.
−24.2%
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.
−6.0%
Avg. growth/yr (12Y) 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.
−3.1%
Revenue −22.4%/yr
FY21 99.6M SGD
FY22 82.7M SGD
FY23 47.7M SGD
FY24 47.6M SGD
FY25 36.0M SGD
Net income
FY21 3.1M SGD
FY22 5.5M SGD
FY23 3.2M SGD
FY24 2.1M SGD
FY25 −520K SGD

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Cite: Fair Value Calculator (2026). "ANNAIK LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/A52

Peer Group

Steel · 380 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 56 · Above median
Fair Value upside +60% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -39% · Bottom 25%
Dividend yield (TTM) 4.7% · Top 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/B 0.22× · Cheaper than 75% of peers
P/S (TTM) 0.40× · Cheaper than median
P/FCF 2.4× · Pricier than median
EV/EBITDA 2.3× · 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 100 · sector 17
FUTURE 0 · sector 4
PAST 5 · sector 16
HEALTH 93 · sector 95
DIVIDEND 94 · sector 55

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

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is ANNAIK LIMITED (A52) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0880 SGD versus a price of 0.0550 SGD, about +60% (undervalued).
What is the fair value of A52?
Our model-based fair value for ANNAIK LIMITED is 0.0880 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0550 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 revenue of ANNAIK LIMITED (A52)?
ANNAIK LIMITED reported trailing-twelve-month revenue of about 36.0M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of A52?
The net profit margin of ANNAIK LIMITED is about -1.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does ANNAIK LIMITED pay a dividend?
ANNAIK LIMITED currently shows a dividend yield of about 4.69% relative to its recent price (as of Aug 13, 2026).

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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