EN DE

BONVESTS HOLDINGS LTD (B28) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 395M SGD

BH BONVESTS HOLDINGS LTD B28 · SG
Price0.9550 SGD
Fair Value0.8500 SGD
Upside-11.0%
Quality62/100
Watch BONVESTS HOLDINGS LTD for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 8.5% net margin
Low debt · generates free cash flow
1.26% dividend yield
Ranks above peers (9/15)
Narrow moat 38/100
Evidence: High Range 0.6000 SGD – 1.07 SGD Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 4 days ago

Share price +0.5% over the past month.

A solid business, but screening 11% overvalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • Our model range runs from 0.6000 SGD (bear) to 1.07 SGD (bull), base 0.8500 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

1.08 SGD 0.8031 SGD Fair Value 0.8500 SGD May 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 0.8031 SGD – 1.08 SGD · fair‑value band 0.6000 SGD – 1.07 SGD · the 0.9550 SGD price screens above the 0.8500 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

BONVESTS HOLDINGS LTD (B28) currently trades at 0.9550 SGD, while our model-based Fair Value estimate is 0.8500 SGD, implying the stock looks roughly 11.0% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical 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, BONVESTS HOLDINGS LTD generated revenue of 229M SGD at a net margin of 8.5%. Revenue grew 5.5% year over year. It earns a return on equity of 2.3%. Net debt stands at 295M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.6000 SGD (bear case) to 1.07 SGD (bull case); at 0.9550 SGD, 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 8% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -56% fair-value upside, at -11%, B28 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 0.6000 SGD 0.8400 SGD 1.13 SGD 80
Residual Income 1.39 SGD 1.29 SGD 0.9500 SGD 76
Rev-Margin DCF 0.3900 SGD 0.6300 SGD 0.8900 SGD 74
All 25 models by family
DCF Models
FCF DCF 0.5800 SGD 0.8500 SGD 1.18 SGD 38
Owner Earnings 0.6000 SGD 0.8700 SGD 1.20 SGD 31
5Y Revenue Exit 0.3900 SGD 0.6200 SGD 0.8900 SGD 39
5Y EBITDA Exit 0.7300 SGD 1.22 SGD 1.76 SGD 41
5Y P/E Exit 0.5400 SGD 0.8700 SGD 1.21 SGD 38
10Y Revenue Exit 0.4500 SGD 0.6600 SGD 0.9000 SGD 36
10Y EBITDA Exit 0.6600 SGD 1.03 SGD 1.48 SGD 37
10Y P/E Exit 0.5500 SGD 0.8200 SGD 1.11 SGD 35
Earnings-Based
Graham-Dodd 0.3300 SGD 0.7500 SGD 0.9600 SGD 54
PEG = 1.0 0.1300 SGD 0.1800 SGD 0.2300 SGD 46
EPV 0.2000 SGD 0.2600 SGD 0.3000 SGD 59
Dividend Discount
Gordon GGM 0.0600 SGD 0.0900 SGD 0.1300 SGD 70
DDM Multi-Stage 0.0600 SGD 0.0900 SGD 0.1100 SGD 61
Multiples
P/E Multiple 0.8000 SGD 1.06 SGD 1.33 SGD 63
P/S Multiple 0.5100 SGD 0.6800 SGD 0.8500 SGD 58
P/B Multiple 0.6200 SGD 0.8200 SGD 1.03 SGD 55
EV/EBIT 0.6700 SGD 0.9600 SGD 1.25 SGD 53
EV/EBITDA 0.9900 SGD 1.38 SGD 1.77 SGD 54
EV/Revenue 0.2800 SGD 0.4900 SGD 0.6900 SGD 43
Asset-Based
NCAV (Graham) 1.05 SGD 1.40 SGD 2.09 SGD 50
Growth DCF
Growth DCF 0.6000 SGD 0.8400 SGD 1.13 SGD 80
Rev-Margin DCF 0.3900 SGD 0.6300 SGD 0.8900 SGD 74
Economic Profit
Residual Income 1.39 SGD 1.29 SGD 0.9500 SGD 76
ROIC Compounder 0.2000 SGD 0.2600 SGD 0.3000 SGD 72
Growth Earnings
Growth-Adj P/E 0.6000 SGD 0.8500 SGD 1.11 SGD 68

Widest divergence: Asset-Based (1.40 SGD) versus Dividend Discount (0.0900 SGD). Highest evidence: Growth DCF (80).

Notify me when B28 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 229M SGD
Revenue growth (YoY) +5.5%
Net margin 8.5%
Return on equity 2.3%
Free cash flow 35.5M SGD FY2025
P/E ratio 19.1
More key figures
Operating margin 13.2%
EPS (TTM) 0.0500 SGD
Dividend yield 1.3%
EPS growth (YoY) +340%
Net debt 295M SGD FY2025

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 54

Profitability 24
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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

Bonvests Holdings Limited, an investment holding company, engages in hotel ownership and management, property development and investment, and waste management and contract cleaning businesses. The company operates through Rental, Hotel, Industrial, Investment, Development, and Others segments.

Full company description

Bonvests Holdings Limited, an investment holding company, engages in hotel ownership and management, property development and investment, and waste management and contract cleaning businesses. The company operates through Rental, Hotel, Industrial, Investment, Development, and Others segments. It owns, manages, and lets various commercial and residential properties. The company engages in the operation of the golf course, hotels and restaurants, resorts, bars, spas and thalassotherapy centers, and food and beverage outlets; and securities trading and investment holding activities. In addition, the company offers business and management, and public relations consultancy services; trustee services; sales and marketing support; contract cleaning; and waste management services, such as waste disposal services to commercial, industrial, and residential properties, as well as other waste disposal related services. It operates in Singapore, Maldives, Africa, Australia, and internationally. The company was incorporated in 1969 and is based in Singapore. Bonvests Holdings Limited operates as a subsidiary of Goldvein Holdings Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BONVESTS HOLDINGS LTD reported revenue of 228M SGD in FY2025 versus 134M SGD in FY2021, a compound +14.2%/yr. Reported net income was 19.4M SGD in FY2025, compounding +12.2%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
228M SGD
Latest YoY
+1.8%
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.
+3.0%
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.
+13.6%
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.
+1.7%
Revenue +14.2%/yr
FY21 134M SGD
FY22 209M SGD
FY23 217M SGD
FY24 224M SGD
FY25 228M SGD
Net income +12.2%/yr
FY21 12.3M SGD
FY22 20.7M SGD
FY23 7.2M SGD
FY24 1.9M SGD
FY25 19.4M SGD

B28 screens 11% overvalued. Compare with Marriott International, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "BONVESTS HOLDINGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/B28

Peer Group

Lodging · 165 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 62 · Top 25%
Fair Value upside −11% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 13% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.14× · Lower than median

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 19.1× · Cheaper than median
P/B 0.37× · Cheaper than median
P/S (TTM) 1.35× · Cheaper than median
P/FCF 8.7× · Pricier than 75% of peers
EV/EBITDA 8.2× · Cheaper than median
PEG 2.22× · Pricier 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 19 · sector 0
FUTURE 28 · sector 19
PAST 9 · sector 11
HEALTH 93 · sector 91
DIVIDEND 25 · sector 28

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

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $354.58 $132.35 -63%
Hilton Worldwide Holdings HLT $322.53 $122.02 -62%
InterContinental Hotels Group IHG $161.82 $85.18 -47%
Hyatt Hotels Corporation H $178.37 $46.78 -74%
H World Group HTHT $41.25 $47.78 +16%
The Indian Hotels Company INDHOTEL ₹724.00 ₹253.67 -65%
Hanjin Kal, 180640 118,200 KRW 36,890 KRW -69%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%
Makkah Construction and Development Company 4100 81.95 SAR 36.25 SAR -56%
Minor International Public Company MINT 22.90 THB 32.82 THB +43%

Compare BONVESTS HOLDINGS LTD with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is BONVESTS HOLDINGS LTD (B28) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.8500 SGD versus a price of 0.9550 SGD, about −11% (overvalued).
What is the fair value of B28?
Our model-based fair value for BONVESTS HOLDINGS LTD is 0.8500 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.9550 SGD.
What is the quality score of B28?
BONVESTS HOLDINGS LTD has a Quality Score of 62/100. 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 BONVESTS HOLDINGS LTD (B28)?
BONVESTS HOLDINGS LTD reported trailing-twelve-month revenue of about 229M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of B28?
The net profit margin of BONVESTS HOLDINGS LTD is about 8.5%, meaning it keeps roughly 8.5% of revenue as net income. Based on the latest reported figures.
Does BONVESTS HOLDINGS LTD pay a dividend?
BONVESTS HOLDINGS LTD currently shows a dividend yield of about 1.26% 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.

14 days Pro free · no card

Track BONVESTS HOLDINGS LTD and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.