White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
Willas-Array Electronics (Holdings) Limited, an investment holding company, distributes and trades in electronic components for industrial, audio and video, telecommunication, home appliances, lighting, electronic manufacturing, and automotive markets. The company offers automotive, infotainment, motor control, SMPS, smart LED, and other products.
Willas-Array Electronics (Holdings) Limited (BDR) currently trades at 0.9050 SGD, while our model-based Fair Value estimate is 1.41 SGD, implying the stock looks roughly 35.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.96 SGD per share, and 17 of the 22 models we run sit above the 0.9050 SGD price.
Bear case: the Asset-Based group reads lowest at 0.5400 SGD, and 5 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: 1.03 SGD (bear) to 1.94 SGD (bull), the price of 0.9050 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 53/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Willas-Array Electronics (Holdings) Limited reported revenue of HK$2.4B in FY2026 versus HK$3.6B in FY2021, a compound −7.9%/yr. Reported net income was HK$51.0M in FY2026, compounding −11.2%/yr from FY2021.
Key figures
Market cap 111M SGD (≈ $87.0M) · P/E ratio 10.1 · P/S ratio 0.22 · EPS (TTM) 0.0900 SGD · Net margin 2.2% · Return on equity 11.0% · Return on assets (EBIT) 3.1% · Operating margin 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at 56%, BDR screens cheaper than that median.
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (0.0459 SGD per share) are deliberately not added.
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.
Highest evidence
FCF DCF
3.19 SGD
3.98 SGD
5.24 SGD
80
Growth DCF
3.27 SGD
4.01 SGD
5.10 SGD
77
Owner Earnings
1.20 SGD
1.47 SGD
1.89 SGD
75
All 22 models by family
DCF Models
FCF DCF
3.19 SGD
3.98 SGD
5.24 SGD
80
Owner Earnings
1.20 SGD
1.47 SGD
1.89 SGD
75
5Y Revenue Exit
2.04 SGD
2.45 SGD
3.04 SGD
71
5Y EBITDA Exit
2.34 SGD
2.96 SGD
3.79 SGD
74
5Y P/E Exit
2.37 SGD
3.02 SGD
3.81 SGD
69
10Y Revenue Exit
2.56 SGD
2.88 SGD
3.19 SGD
66
10Y EBITDA Exit
2.73 SGD
3.15 SGD
3.57 SGD
67
10Y P/E Exit
2.75 SGD
3.18 SGD
3.57 SGD
63
Earnings-Based
Graham-Dodd
0.5500 SGD
0.6700 SGD
0.7500 SGD
67
EPV
0.8100 SGD
0.8800 SGD
0.9500 SGD
70
Multiples
P/E Multiple
1.69 SGD
2.26 SGD
2.82 SGD
63
P/S Multiple
1.03 SGD
1.37 SGD
1.71 SGD
58
P/B Multiple
1.03 SGD
1.37 SGD
1.71 SGD
55
EV/EBIT
1.94 SGD
2.53 SGD
3.12 SGD
63
EV/EBITDA
1.80 SGD
2.34 SGD
2.87 SGD
64
EV/Revenue
1.07 SGD
1.45 SGD
1.84 SGD
51
Asset-Based
NCAV (Graham)
0.4000 SGD
0.5400 SGD
0.8000 SGD
51
Growth DCF
Growth DCF
3.27 SGD
4.01 SGD
5.10 SGD
77
Rev-Margin DCF
2.04 SGD
2.54 SGD
3.19 SGD
71
Economic Profit
Residual Income
0.6500 SGD
0.7000 SGD
0.7700 SGD
71
ROIC Compounder
0.8100 SGD
0.8900 SGD
0.9700 SGD
70
Growth Earnings
Growth-Adj P/E
1.18 SGD
1.69 SGD
2.20 SGD
67
Open the full fair value analysis →
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Is Willas-Array Electronics (Holdings) Limited (BDR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.41 SGD versus the last price from Sep 10, 2026 of 0.9050 SGD, about +56% upside (undervalued).
What is the fair value of BDR?
Our model-based fair value for Willas-Array Electronics (Holdings) Limited is 1.41 SGD (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 10, 2026): 0.9050 SGD.
What is the quality score of BDR?
Willas-Array Electronics (Holdings) Limited has a Quality Score of 53/100. 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 Willas-Array Electronics (Holdings) Limited (BDR)?
Our model-based price target is the fair value of 1.41 SGD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 1.03 SGD, optimistic scenario 1.94 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the Willas-Array Electronics (Holdings) Limited stock forecast for 2026?
Our models put fair value at 1.41 SGD, about +56% upside versus the last price from Sep 10, 2026 of 0.9050 SGD (undervalued). Cautious scenario 1.03 SGD, optimistic scenario 1.94 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of Willas-Array Electronics (Holdings) Limited (BDR)?
Willas-Array Electronics (Holdings) Limited reported trailing-twelve-month revenue of about HK$2.4B (latest available figure, as of Sep 24, 2026).
What growth is priced into Willas-Array Electronics (Holdings) Limited (BDR)?
For today's price to be fair in a discounted-cash-flow model, Willas-Array Electronics (Holdings) Limited would have to grow free cash flow by -15.4 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BDR use?
Our models discount Willas-Array Electronics (Holdings) Limited at 11.3 %: a base by market capitalisation (micro), damped by beta 0.61, 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 Willas-Array Electronics (Holdings) Limited that is -15.4 % per year a year over ten years, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Willas-Array Electronics (Holdings) Limited (BDR) delivered so far?
Over the past 5 years revenue at Willas-Array Electronics (Holdings) Limited grew -7.9 % a year. The price currently implies -15.4 % 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 Willas-Array Electronics (Holdings) Limited (BDR) growing?
The median revenue growth in the sector is +9.9 % a year. That is the yardstick for the growth priced into Willas-Array Electronics (Holdings) Limited (-15.4 % 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 Willas-Array Electronics (Holdings) Limited (BDR)?
The free-cash-flow yield on the price is 41.78 %: that much free cash flow Willas-Array Electronics (Holdings) Limited produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Willas-Array Electronics (Holdings) Limited (BDR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Willas-Array Electronics (Holdings) Limited it is 1.41 SGD per share (as of Sep 24, 2026), against a price of 0.9050 SGD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Willas-Array Electronics (Holdings) Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BDR trades below its calculated fair value: price 0.9050 SGD, fair value 1.41 SGD, a gap of about +56% (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 BDR?
No. The price is what the market pays today (0.9050 SGD); the fair value is what the company's own numbers justify (1.41 SGD). For Willas-Array Electronics (Holdings) Limited the two are 0.5050 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is Willas-Array Electronics (Holdings) Limited worth?
The market values Willas-Array Electronics (Holdings) Limited at about 111M SGD (market capitalisation, as of Sep 24, 2026). Per share that is 0.9050 SGD; our models calculate a fair value of 1.41 SGD per share.
What do the bullish and bearish scenarios say about BDR?
Our models span a range for Willas-Array Electronics (Holdings) Limited: cautious scenario 1.03 SGD, base 1.41 SGD, optimistic 1.94 SGD per share (as of Sep 24, 2026, price 0.9050 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is BDR from its 52-week high?
Willas-Array Electronics (Holdings) Limited trades at 0.9050 SGD, about 25% below its 52-week high of 1.20 SGD and 19% above the low of 0.7600 SGD (as of Sep 10, 2026). Distance from the high says nothing about value: that is what the fair value of 1.41 SGD is for.
Which stocks are comparable to Willas-Array Electronics (Holdings) Limited?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, Inc, 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 Willas-Array Electronics (Holdings) Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.9050 SGD, calculated fair value 1.41 SGD (+56%), Quality Score 53/100, from 22 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 BDR calculated?
We run Willas-Array Electronics (Holdings) Limited through 22 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 1.41 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. Willas-Array Electronics (Holdings) Limited currently trades 36 % 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 Willas-Array Electronics (Holdings) Limited (BDR)?
The latest price we hold is from Sep 10, 2026 and stands at 0.9050 SGD. Our model-based fair value is 1.41 SGD, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Willas-Array Electronics (Holdings) Limited right now?
The price is below even our cautious bear case (1.03 SGD). The market is more pessimistic than our downside scenario. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (1.03 SGD to 1.94 SGD) leaves room in how you read the outcome.
Key figures of Willas-Array Electronics (Holdings) Limited
How large is the market capitalisation of Willas-Array Electronics (Holdings) Limited (BDR)?
The market capitalisation of Willas-Array Electronics (Holdings) Limited is 111M SGD (≈ $87.0M). 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/E ratio of Willas-Array Electronics (Holdings) Limited (BDR)?
The price-to-earnings ratio of Willas-Array Electronics (Holdings) Limited is 10.1. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Willas-Array Electronics (Holdings) Limited (BDR)?
The price-to-sales ratio of Willas-Array Electronics (Holdings) Limited is 0.22 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Willas-Array Electronics (Holdings) Limited (BDR)?
Earnings per share at Willas-Array Electronics (Holdings) Limited are 0.0900 SGD (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Willas-Array Electronics (Holdings) Limited (BDR)?
The net margin of Willas-Array Electronics (Holdings) Limited is 2.2% (fiscal year 2026). 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 Willas-Array Electronics (Holdings) Limited (BDR)?
The return on equity (ROE) of Willas-Array Electronics (Holdings) Limited is 11.0% (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 Willas-Array Electronics (Holdings) Limited (BDR)?
On an EBIT basis the return on assets of Willas-Array Electronics (Holdings) Limited is 3.1% (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 Willas-Array Electronics (Holdings) Limited (BDR)?
The operating margin of Willas-Array Electronics (Holdings) Limited is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Willas-Array Electronics (Holdings) Limited (BDR)?
Revenue at Willas-Array Electronics (Holdings) Limited is growing −2.1% versus a year earlier (3y avg −11.7%). 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 Willas-Array Electronics (Holdings) Limited (BDR)?
Earnings per share at Willas-Array Electronics (Holdings) Limited are growing −71.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Willas-Array Electronics (Holdings) Limited (BDR) carry?
The net debt of Willas-Array Electronics (Holdings) Limited is HK$473M (fiscal year 2026, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.