DARCO WATER TECHNOLOGIES LTD (BLR) Fair Value & Analysis
Industrials · SG · Market cap 7.0M SGD
Fair value as of: Aug 13, 2026
From 7 valuation models · updated 4 days ago
Share price −5.7% over the past month.
Below-average quality, screening 154% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (0.1412 SGD). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
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 0.0620 SGD – 0.2400 SGD · fair‑value band 0.1412 SGD – 0.1874 SGD · the 0.0660 SGD price screens below the 0.1676 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
DARCO WATER TECHNOLOGIES LTD (BLR) currently trades at 0.0660 SGD, while our model-based Fair Value estimate is 0.1676 SGD, implying the stock looks roughly 153.9% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials 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: low), always confirm before acting.
Over the trailing twelve months, DARCO WATER TECHNOLOGIES LTD generated revenue of 51.4M SGD at a net margin of -9.4%. Revenue declined 10.1% year over year. It earns a return on equity of -21.7%. Fundamentals as of Aug 13, 2026
Our scenario range runs from 0.1412 SGD (bear case) to 0.1874 SGD (bull case); at 0.0660 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -31% fair-value upside, at 154%, BLR 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.
All 7 models by family
Widest divergence: Multiples (0.2200 SGD) versus Asset-Based (0.1700 SGD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 28
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
Darco Water Technologies Limited, an investment holding company, provides engineering and water and wastewater treatment solutions in Singapore, Malaysia, the People's Republic of China, and Vietnam. It operates through Engineering Projects, and Operations and Maintenance Services segments.
Full company description
Darco Water Technologies Limited, an investment holding company, provides engineering and water and wastewater treatment solutions in Singapore, Malaysia, the People's Republic of China, and Vietnam. It operates through Engineering Projects, and Operations and Maintenance Services segments. The Projects segment designs, fabricates, assembles, installs, and commissions engineered water systems for industrial applications; and provides engineered vacuum solutions and service concessions. The Operations and Maintenance Services segment services and maintains water and wastewater treatment plants, and water supply, as well as trades and supplies goods comprising chemicals, electrical controls, consumables, and related instruments used in water treatment systems. The company also designs and supplies environmentally related equipment, centralized vacuum systems, and other engineering systems; trades in industrial water treatment equipment and spare parts and chemicals; designs, installs, sets up, and maintains industrial waste treatment plant ultra-pure systems; and tests wastewater and processed water, as well as renders other related waste treatment plant services. In addition, it designs, fabricates, and constructs pure and wastewater treatment plants; trades in vacuum cleaning systems and related services; and provides consultancy services. The company was founded in 1999 and is headquartered in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DARCO WATER TECHNOLOGIES LTD reported revenue of 51.4M SGD in FY2025 versus 54.6M SGD in FY2021, a compound −1.5%/yr. Reported net income was −4.9M SGD in FY2025.
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Peer Group
Pollution & Treatment Controls · 92 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.
Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Veralto Corporation VLTO | $97.68 | $67.62 | -31% |
| Zurn Elkay Water Solutions Corporation ZWS | $51.02 | $24.92 | -51% |
| Canmax Technologies Co 300390 | ¥64.05 | ¥10.07 | -84% |
| CECO Environmental Corp CECO | $79.59 | $15.19 | -81% |
| Fujian Longking Co 600388 | ¥18.10 | ¥15.59 | -14% |
| Munters Group MTRS | kr 183.90 | kr 48.58 | -74% |
| China Conch Venture Holdings 0586 | HK$8.69 | HK$10.70 | +23% |
| Mega Union Technology Inc 6944 | 747.00 TWD | 539.58 TWD | -28% |
| MayAir Technology (China) Co 688376 | ¥71.82 | ¥18.80 | -74% |
| Jingjin Equipment Inc 603279 | ¥12.75 | ¥18.97 | +49% |
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Frequently asked questions
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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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