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YONGMAO HOLDINGS LIMITED (BKX) Fair Value & Analysis

Industrials · SG · Market cap 63.9M SGD

YH YONGMAO HOLDINGS LIMITED BKX · SG
Price0.6800 SGD
Fair Value0.5700 SGD
Upside-16.2%
Quality43/100
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Weak Growth
Thin margins · 1.7% net margin
Low debt · negative free cash flow
7.50% dividend yield
Trails peers (4/12)
Narrow moat 23/100
Evidence: Medium Range 0.4700 SGD – 0.7200 SGD Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price −5.6% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

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What matters now

  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from 0.4700 SGD (bear) to 0.7200 SGD (bull), base 0.5700 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

1.03 SGD 0.5260 SGD Fair Value 0.5700 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 0.5260 SGD – 1.03 SGD · fair‑value band 0.4700 SGD – 0.7200 SGD · the 0.6800 SGD price screens above the 0.5700 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

YONGMAO HOLDINGS LIMITED (BKX) currently trades at 0.6800 SGD, while our model-based Fair Value estimate is 0.5700 SGD, implying the stock looks roughly 16.2% overvalued today. The Quality Score stands at 43/100 (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, YONGMAO HOLDINGS LIMITED generated revenue of 764M SGD at a net margin of 1.7%. Revenue declined 5.4% year over year. It earns a return on equity of 1.3%. Net debt stands at 224M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.4700 SGD (bear case) to 0.7200 SGD (bull case); at 0.6800 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 10% below its 52-week high and 48% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -16% fair-value upside, at -16%, BKX 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 6.55 SGD 5.88 SGD 3.79 SGD 76
ROIC Compounder 2.51 SGD 2.68 SGD 2.83 SGD 72
Growth-Adj P/E 1.62 SGD 2.31 SGD 3.01 SGD 68
All 13 models by family
DCF Models
Owner Earnings 10.06 SGD 12.27 SGD 15.48 SGD 31
Earnings-Based
Graham-Dodd 0.9800 SGD 1.82 SGD 2.26 SGD 54
EPV 2.51 SGD 2.68 SGD 2.83 SGD 59
Multiples
P/E Multiple 2.28 SGD 3.04 SGD 3.80 SGD 63
P/S Multiple 1.84 SGD 2.46 SGD 3.07 SGD 58
P/B Multiple 1.84 SGD 2.46 SGD 3.07 SGD 55
EV/EBIT 4.95 SGD 6.25 SGD 7.56 SGD 53
EV/EBITDA 16.54 SGD 21.71 SGD 26.87 SGD 54
EV/Revenue 3.83 SGD 5.03 SGD 6.22 SGD 43
Asset-Based
NCAV (Graham) 5.29 SGD 7.09 SGD 10.59 SGD 50
Economic Profit
Residual Income 6.55 SGD 5.88 SGD 3.79 SGD 76
ROIC Compounder 2.51 SGD 2.68 SGD 2.83 SGD 72
Growth Earnings
Growth-Adj P/E 1.62 SGD 2.31 SGD 3.01 SGD 68

Widest divergence: DCF Models (12.27 SGD) versus Earnings-Based (1.82 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 764M SGD
Revenue growth (YoY) -5.4%
Net margin 1.7%
Return on equity 1.3%
Free cash flow −45.5M SGD FY2026
P/E ratio 22.7
More key figures
Operating margin 7.5%
EPS (TTM) 0.0300 SGD
Dividend yield 7.5%
EPS growth (YoY) -31.3%
Net debt 224M SGD FY2026

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 39 · Market factors (momentum, volatility) 57

Profitability 19
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 53
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

Yongmao Holdings Limited, an investment holding company, designs, develops, manufactures, sells, rents, and services construction machineries, tower cranes, and related components and accessories. The company offers Topless STT, ST, Luffing STL/STF, and Derrick Q series tower cranes under the Yongmao brand.

Full company description

Yongmao Holdings Limited, an investment holding company, designs, develops, manufactures, sells, rents, and services construction machineries, tower cranes, and related components and accessories. The company offers Topless STT, ST, Luffing STL/STF, and Derrick Q series tower cranes under the Yongmao brand. It also maintains, installs, erects, and dismantles tower cranes. The company serves construction sites, infrastructure projects, and shipbuilding industry; and construction equipment distributors and equipment rental companies. It operates in the People's Republic of China, Hong Kong, Macau, Europe, Singapore, other Asian countries, the Middle East, the United States, and internationally. The company was founded in 1992 and is based in Singapore. Yongmao Holdings Limited is a subsidiary of Sun & Tian Investment Pte. Ltd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

YONGMAO HOLDINGS LIMITED reported revenue of 764M SGD in FY2026 versus 1.1B SGD in FY2022, a compound −9.0%/yr. Reported net income was 12.8M SGD in FY2026, compounding −30.6%/yr from FY2022.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
764M SGD
Latest YoY
−13.3%
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.
−5.9%
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.
−5.8%
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.
−1.4%
Revenue −9.0%/yr
FY22 1.1B SGD
FY23 916M SGD
FY24 791M SGD
FY25 880M SGD
FY26 764M SGD
Net income −30.6%/yr
FY22 55.3M SGD
FY23 51.3M SGD
FY24 43.0M SGD
FY25 33.2M SGD
FY26 12.8M SGD

BKX screens 16% overvalued. Compare with Caterpillar Inc →

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Cite: Fair Value Calculator (2026). "YONGMAO HOLDINGS LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/BKX

Peer Group

Farm & Heavy Construction Machinery · 150 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 43 · Bottom 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 1% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 7% · Below median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 7.5% · Top 25%
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 22.7× · Pricier than median
P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.08× · 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 12 · sector 21
FUTURE 0 · sector 31
PAST 5 · sector 34
HEALTH 95 · sector 93
DIVIDEND 100 · sector 45

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Sany Heavy Industry Co 600031 ¥18.91 ¥20.84 +10%
XCMG Construction Machinery Co 000425 ¥8.25 ¥11.79 +43%
Sinotruk (Hong Kong) Limited 3808 HK$41.42 HK$53.57 +29%
Yutong Bus Co 600066 ¥28.69 ¥42.00 +46%
Ashok Leyland Limited ASHOKLEY ₹176.70 ₹118.01 -33%

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Frequently asked questions

Is YONGMAO HOLDINGS LIMITED (BKX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.5700 SGD versus a price of 0.6800 SGD, about −16% (overvalued).
What is the fair value of BKX?
Our model-based fair value for YONGMAO HOLDINGS LIMITED is 0.5700 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.6800 SGD.
What is the quality score of BKX?
YONGMAO HOLDINGS LIMITED has a Quality Score of 43/100. 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 YONGMAO HOLDINGS LIMITED (BKX)?
YONGMAO HOLDINGS LIMITED reported trailing-twelve-month revenue of about 764M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BKX?
The net profit margin of YONGMAO HOLDINGS LIMITED is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does YONGMAO HOLDINGS LIMITED pay a dividend?
YONGMAO HOLDINGS LIMITED currently shows a dividend yield of about 7.50% 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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