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ASIA ENTERPRISES HOLDING LTD (A55) Fair Value & Analysis

Basic Materials · SG · Market cap 53.2M SGD

AE ASIA ENTERPRISES HOLDING LTD A55 · SG
Price0.1310 SGD
Fair Value0.0600 SGD
Upside-54.2%
Quality60/100
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Weak Growth
Thin margins · 4.0% net margin
generates free cash flow
2.08% dividend yield
Trails peers (3/11)
Narrow moat 14/100
Evidence: High Range 0.0400 SGD – 0.0700 SGD Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 4 days ago

Share price −8.4% over the past month.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0700 SGD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.1685 SGD 0.1081 SGD Fair Value 0.0600 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 0.1081 SGD – 0.1685 SGD · fair‑value band 0.0400 SGD – 0.0700 SGD · the 0.1310 SGD price screens above the 0.0600 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ASIA ENTERPRISES HOLDING LTD (A55) currently trades at 0.1310 SGD, while our model-based Fair Value estimate is 0.0600 SGD, implying the stock looks roughly 54.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials 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: high).

Over the trailing twelve months, ASIA ENTERPRISES HOLDING LTD generated revenue of 32.6M SGD at a net margin of 4.0%. Revenue declined 20.0% year over year. It earns a return on equity of 1.3%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0400 SGD (bear case) to 0.0700 SGD (bull case); at 0.1310 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 25% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -54%, A55 screens richer 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
Residual Income 0.1700 SGD 0.1600 SGD 0.1000 SGD 76
Growth DCF 0.3200 SGD 0.3600 SGD 0.4200 SGD 72
Gordon GGM 0.0300 SGD 0.0400 SGD 0.0400 SGD 70
All 21 models by family
DCF Models
FCF DCF 0.3200 SGD 0.3600 SGD 0.4300 SGD 38
Owner Earnings 0.2200 SGD 0.2400 SGD 0.2600 SGD 31
5Y Revenue Exit 0.2800 SGD 0.3200 SGD 0.3700 SGD 39
5Y EBITDA Exit 0.2500 SGD 0.2600 SGD 0.2800 SGD 41
5Y P/E Exit 0.2500 SGD 0.2700 SGD 0.3000 SGD 38
10Y Revenue Exit 0.3000 SGD 0.3200 SGD 0.3500 SGD 36
10Y EBITDA Exit 0.2800 SGD 0.2900 SGD 0.3000 SGD 37
10Y P/E Exit 0.2800 SGD 0.3000 SGD 0.3100 SGD 35
Earnings-Based
Graham-Dodd 0.0200 SGD 0.0300 SGD 0.0300 SGD 54
Dividend Discount
Gordon GGM 0.0300 SGD 0.0400 SGD 0.0400 SGD 70
DDM Multi-Stage 0.0300 SGD 0.0400 SGD 0.0500 SGD 61
Multiples
P/E Multiple 0.0400 SGD 0.0600 SGD 0.0700 SGD 63
P/S Multiple 0.0400 SGD 0.0600 SGD 0.0700 SGD 58
P/B Multiple 0.0400 SGD 0.0600 SGD 0.0700 SGD 55
EV/EBITDA 0.1800 SGD 0.1900 SGD 0.2000 SGD 54
EV/Revenue 0.2500 SGD 0.2900 SGD 0.3300 SGD 43
Asset-Based
NCAV (Graham) 0.1400 SGD 0.1800 SGD 0.2700 SGD 50
Growth DCF
Growth DCF 0.3200 SGD 0.3600 SGD 0.4200 SGD 72
Rev-Margin DCF 0.2800 SGD 0.3200 SGD 0.3700 SGD 67
Economic Profit
Residual Income 0.1700 SGD 0.1600 SGD 0.1000 SGD 76
Growth Earnings
Growth-Adj P/E 0.0300 SGD 0.0500 SGD 0.0600 SGD 68

Widest divergence: Growth DCF (0.3200 SGD) versus Earnings-Based (0.0300 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 32.6M SGD
Revenue growth (YoY) -20.0%
Net margin 4.0%
Return on equity 1.3%
Free cash flow 8.2M SGD FY2025
Operating margin -2.8%
More key figures
Dividend yield 2.1%
EPS growth (YoY) +1,492%

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 65 · Market factors (momentum, volatility) 39

Profitability 18
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 28
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

Asia Enterprises Holding Limited, an investment holding company, distributes steel products to industrial end-users in Singapore, Indonesia, Malaysia, and internationally.

Full company description

Asia Enterprises Holding Limited, an investment holding company, distributes steel products to industrial end-users in Singapore, Indonesia, Malaysia, and internationally. Its products include shipbuilding plates and high tensile plates; hot-rolled plates and chequered plates; wide-flanged beams; bulb flats; channels; equal angles, unequal angles, and inverted angles; round, square, and flat bars; hollow sections; seamless and ERW API grade pipes; and serrated galvanized gratings. The company also offers processed steel materials, including cold-rolled steel, electro-galvanized steel, hot-dipped galvanized steel, stainless-steel, and hot-rolled pickled and oiled coils/sheets. The company serves marine and offshore; oil and gas; construction; engineering and fabrication; metal stamping; and manufacturing industries. Asia Enterprises Holding Limited was founded in 1961 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASIA ENTERPRISES HOLDING LTD reported revenue of 32.6M SGD in FY2025 versus 35.4M SGD in FY2021, a compound −2.0%/yr. Reported net income was 1.3M SGD in FY2025, compounding −23.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
32.6M SGD
Latest YoY
−19.9%
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.
−23.7%
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.
−5.3%
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.
−10.0%
Revenue −2.0%/yr
FY21 35.4M SGD
FY22 73.5M SGD
FY23 95.5M SGD
FY24 40.7M SGD
FY25 32.6M SGD
Net income −23.2%/yr
FY21 3.7M SGD
FY22 3.7M SGD
FY23 6.1M SGD
FY24 369K SGD
FY25 1.3M SGD

A55 screens 54% overvalued. Compare with JSW Steel Limited →

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Cite: Fair Value Calculator (2026). "ASIA ENTERPRISES HOLDING LTD Fair Value". https://www.fairvalue-calculator.com/stock/A55

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 60 · Top 25%
Fair Value upside −54% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -20% · Bottom 25%
Dividend yield (TTM) 2.1% · Below median

Valuation Multiples vs Steel median · lower = cheaper

P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 1.28× · Pricier than median
P/FCF 5.1× · Pricier 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 0 · sector 16
FUTURE 0 · sector 4
PAST 5 · sector 16
HEALTH 0 · sector 95
DIVIDEND 42 · sector 55

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.

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 ASIA ENTERPRISES HOLDING LTD (A55) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0600 SGD versus a price of 0.1310 SGD, about −54% (overvalued).
What is the fair value of A55?
Our model-based fair value for ASIA ENTERPRISES HOLDING LTD is 0.0600 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.1310 SGD.
What is the quality score of A55?
ASIA ENTERPRISES HOLDING LTD has a Quality Score of 60/100. 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 ASIA ENTERPRISES HOLDING LTD (A55)?
ASIA ENTERPRISES HOLDING LTD reported trailing-twelve-month revenue of about 32.6M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of A55?
The net profit margin of ASIA ENTERPRISES HOLDING LTD is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.
Does ASIA ENTERPRISES HOLDING LTD pay a dividend?
ASIA ENTERPRISES HOLDING LTD currently shows a dividend yield of about 2.08% 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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