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ELLIPSIZ LTD (BIX) Fair Value & Analysis

Technology · SG · Market cap 43.1M SGD

EL ELLIPSIZ LTD BIX · SG
Price0.2650 SGD
Fair Value0.3700 SGD
Upside+39.6%
Quality52/100
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Weak Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
3.77% dividend yield
Mixed vs. peers (6/11)
Narrow moat 13/100
Evidence: Medium Range 0.3200 SGD – 0.3900 SGD Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price +1.9% over the past month.

A solid business, screening 40% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.3200 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) 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)

0.2895 SGD 0.1188 SGD Fair Value 0.3700 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 0.1188 SGD – 0.2895 SGD · fair‑value band 0.3200 SGD – 0.3900 SGD · the 0.2650 SGD price screens below the 0.3700 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ELLIPSIZ LTD (BIX) currently trades at 0.2650 SGD, while our model-based Fair Value estimate is 0.3700 SGD, implying the stock looks roughly 39.6% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Technology 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, ELLIPSIZ LTD generated revenue of 64.4M SGD at a net margin of 1.2%. Revenue grew 23.9% year over year. It earns a return on equity of 0.2%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.3200 SGD (bear case) to 0.3900 SGD (bull case); at 0.2650 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 12% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -72% fair-value upside, at 40%, BIX 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
Residual Income 0.3800 SGD 0.3600 SGD 0.2800 SGD 76
ROIC Compounder 0.3200 SGD 0.3200 SGD 0.3200 SGD 72
Growth-Adj P/E 0.3200 SGD 0.4600 SGD 0.6000 SGD 68
All 13 models by family
DCF Models
Owner Earnings 0.3200 SGD 0.3200 SGD 0.3200 SGD 31
Earnings-Based
Graham-Dodd 0.1500 SGD 0.1900 SGD 0.2100 SGD 54
EPV 0.3200 SGD 0.3200 SGD 0.3200 SGD 59
Multiples
P/E Multiple 0.4600 SGD 0.6100 SGD 0.7700 SGD 63
P/S Multiple 0.2800 SGD 0.3700 SGD 0.4700 SGD 58
P/B Multiple 0.2800 SGD 0.3700 SGD 0.4700 SGD 55
EV/EBIT 0.3200 SGD 0.3300 SGD 0.3300 SGD 53
EV/EBITDA 0.4600 SGD 0.5000 SGD 0.5500 SGD 54
EV/Revenue 0.3200 SGD 0.3200 SGD 0.3200 SGD 43
Asset-Based
NCAV (Graham) 0.2800 SGD 0.3800 SGD 0.5700 SGD 50
Economic Profit
Residual Income 0.3800 SGD 0.3600 SGD 0.2800 SGD 76
ROIC Compounder 0.3200 SGD 0.3200 SGD 0.3200 SGD 72
Growth Earnings
Growth-Adj P/E 0.3200 SGD 0.4600 SGD 0.6000 SGD 68

Widest divergence: Growth Earnings (0.4600 SGD) versus Earnings-Based (0.1900 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 64.4M SGD
Revenue growth (YoY) +23.9%
Net margin 1.2%
Return on equity 0.2%
Free cash flow −3.5M SGD FY2025
Operating margin -1.1%
More key figures
Dividend yield 3.8%
EPS growth (YoY) -81.2%

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 52

Profitability 27
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

Ellipsiz Ltd, an investment holding company, engages in the distribution of various manufacturing, testing, and inspection/measurement equipment and service-oriented solutions to the semiconductor, electronics manufacturing, and telecommunication industries.

Full company description

Ellipsiz Ltd, an investment holding company, engages in the distribution of various manufacturing, testing, and inspection/measurement equipment and service-oriented solutions to the semiconductor, electronics manufacturing, and telecommunication industries. The company operates through Distribution and Services Solutions; Property Investment and Development; Egg Production and Distribution; Sports, Recreational and Lifestyle; and Automated Precision System Solutions segments. It provides solutions for in-circuit and functional testing; distributes and trades in scientific instruments and electronic equipment; offers related technical and support services; and trades in consumable products; as well as provides fab support services, such as complete turnkey facilities hook-up, specialty chemicals, and fab relocation, as well as holds and develops properties for investments. In addition, the company engages in production and distribution of fresh eggs; operates sports and recreational facilities relating to indoor golf. Further, the company offers customized systems and solutions for test automation; high precision automated assembly process for fibre and lens; and automated wafer level testing services. It engages in sales and service support for semiconductor assembly, and electronics manufacturing testing products; provision of commission agent services; provision of engineering and management services. The company operates in Singapore, Malaysia, China, Taiwan, Indonesia, and internationally. Ellipsiz Ltd was formerly known as SingaTrust Ltd. The company was founded in 1992 and is headquartered in Singapore. Ellipsiz Ltd operates as a subsidiary of Bevrian Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ELLIPSIZ LTD reported revenue of 57.8M SGD in FY2025 versus 54.5M SGD in FY2021, a compound +1.5%/yr. Reported net income was 3.6M SGD in FY2025, compounding +4.5%/yr from FY2021.

Growth Quality 28/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
57.8M SGD
Latest YoY
+16.1%
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.
+1.3%
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.
+1.3%
Avg. growth/yr (11Y) 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.
−8.0%
Revenue +1.5%/yr
FY21 54.5M SGD
FY22 55.6M SGD
FY23 59.1M SGD
FY24 49.8M SGD
FY25 57.8M SGD
Net income +4.5%/yr
FY21 3.1M SGD
FY22 2.8M SGD
FY23 2.0M SGD
FY24 −3.8M SGD
FY25 3.6M SGD

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Cite: Fair Value Calculator (2026). "ELLIPSIZ LTD Fair Value". https://www.fairvalue-calculator.com/stock/BIX

Peer Group

Semiconductor Equipment & Materials · 208 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 52 · Below median
Fair Value upside +40% · Top 25%
Return on equity (TTM) 0% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 24% · Above median
Dividend yield (TTM) 3.8% · Top 25%

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.52× · 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 86 · sector 0
FUTURE 100 · sector 59
PAST 1 · sector 31
HEALTH 100 · sector 96
DIVIDEND 75 · sector 18

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$46.39 C$21.15 -54%
Applied Materials, Inc AMAT $548.15 $183.10 -67%
Lam Research Corporation LRCX $326.11 $91.80 -72%
KLA Corporation KLAC $200.47 $74.58 -63%
NAURA Technology Group 002371 ¥760.00 ¥205.30 -73%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 -86%
Hon. Precision, Inc 7769 6,480 TWD 1,804 TWD -72%
MPI Corporation 6223 6,495 TWD 738.64 TWD -89%
HANMI Semiconductor Co 042700 217,500 KRW 47,976 KRW -78%
Wonik IPS Co 240810 120,000 KRW 36,380 KRW -70%

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Frequently asked questions

Is ELLIPSIZ LTD (BIX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.3700 SGD versus a price of 0.2650 SGD, about +40% (undervalued).
What is the fair value of BIX?
Our model-based fair value for ELLIPSIZ LTD is 0.3700 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2650 SGD.
What is the quality score of BIX?
ELLIPSIZ LTD has a Quality Score of 52/100. 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 ELLIPSIZ LTD (BIX)?
ELLIPSIZ LTD reported trailing-twelve-month revenue of about 64.4M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BIX?
The net profit margin of ELLIPSIZ LTD is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does ELLIPSIZ LTD pay a dividend?
ELLIPSIZ LTD currently shows a dividend yield of about 3.77% 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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