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GSH Corporation (BDX) Fair Value & Analysis

Industrials · SG · Market cap 412M SGD

GC GSH Corporation BDX · SG
Price0.1700 SGD
Fair Value0.0200 SGD
Upside-88.2%
Quality45/100
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Evidence: Medium Range 0.0200 SGD – 0.0200 SGD

Fair value as of: Jul 4, 2026

From 15 valuation models · updated today

Share price −12.4% over the past month.

Price vs Fair Value (12 months)

0.2242 SGD 0.1555 SGD Fair Value 0.0200 SGD Jul 2025 Jul 2026

12‑month range 0.1555 SGD – 0.2242 SGD · the 0.1700 SGD price screens above the 0.0200 SGD fair value. As of Jul 4, 2026.

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Analysis

GSH Corporation (BDX) currently trades at 0.1700 SGD, while our model-based Fair Value estimate is 0.0200 SGD — implying the stock looks roughly 88.2% overvalued today. We read business quality at 45/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, GSH Corporation generated revenue of 130M SGD at a net margin of -13.6%. Revenue grew 6.4% year over year. It earns a return on equity of -4.7%. Net debt stands at 368M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 130M SGD
Revenue growth (YoY) +6.4%
Net margin -13.6%
Return on equity -4.7%
Free cash flow 30.0M SGD FY2025
Operating margin 11.6%
More key figures
EPS (TTM) -0.0100 SGD
Dividend yield 0.6%
EPS growth (YoY) -85.0%
Net debt 368M SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

GSH Corporation Limited, an investment holding company, engages in the development and sale of properties in Malaysia and China. The company operates through three segments: Hospitality, Property, and Others. It leases and sells properties; and operates resorts, hotels, and golf and marina clubs. The company is also involved in retailing of clothing, souvenirs, and convenience items; and providing upmarket train and facilities management services. In addition, it engages in frozen food trading business; and sale of fuel and other related bunkering services, as well as property development and hotel operation. The company was formerly known as JEL Corporation (Holdings) Ltd. and changed its name to GSH Corporation Limited in May 2012. GSH Corporation Limited was incorporated in 2001 and is based in Singapore.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GSH Corporation reported revenue of 130M SGD in FY2025 versus 95.8M SGD in FY2021, a compound +8.0%/yr. Reported net income was −17.7M SGD in FY2025.

Revenue +8.0%/yr
FY21 95.8M SGD
FY22 86.1M SGD
FY23 157M SGD
FY24 125M SGD
FY25 130M SGD
Net income
FY21 −21.0M SGD
FY22 −18.6M SGD
FY23 −11.2M SGD
FY24 −10.2M SGD
FY25 −17.7M SGD

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Frequently asked questions

Is GSH Corporation (BDX) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.0200 SGD versus a price of 0.1700 SGD — about −88% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BDX?
Our model-based fair value for GSH Corporation is 0.0200 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.1700 SGD.
What is the quality score of BDX?
GSH Corporation has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of GSH Corporation (BDX)?
GSH Corporation reported trailing-twelve-month revenue of about 130M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of BDX?
The net profit margin of GSH Corporation is about -13.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does GSH Corporation pay a dividend?
GSH Corporation currently shows a dividend yield of about 0.59% relative to its recent price (as of Jul 4, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.