A-SMART HOLDINGS LTD. (BQC) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of A-SMART HOLDINGS LTD. S$0.08, price S$0.09, upside -13.8%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 0.0670 SGD – 0.4199 SGD · fair‑value band 0.0527 SGD – 0.1007 SGD · the 0.0890 SGD price screens above the 0.0767 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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A-Smart Holdings Ltd. provides print manufacturing, smart technologies, real estate, and investment solutions in Singapore and internationally. The company operates through four segments: Print and Media, Property Development and Real Estate Investment, Smart Technologies, and Others Investments.
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A-Smart Holdings Ltd. provides print manufacturing, smart technologies, real estate, and investment solutions in Singapore and internationally. The company operates through four segments: Print and Media, Property Development and Real Estate Investment, Smart Technologies, and Others Investments. It offers financial printing, conceptualization, design, copywriting, translation, typesetting, color proofing, printing, post-press packaging, distribution, and delivery. The company also provides food waste digester system utilizing advanced green technology for food waste composting and recycling; and organized a variety of events, including concerts, business and marketing conferences, and large-scale outdoor lantern displays in Singapore. In addition, it is involved in property development and property investments. Further, it is involved in provision of general printing, multimedia, and pre-press work; real estate developers and property investment activities; publishing and event management; development, resale, and distribution of smart IT solutions and applications; selling, leasing, servicing, and maintaining green technology systems as part of smart city solutions; and property development in Timor-Leste. It operates supermarket and stores in Kunming. The company was formerly known as Xpress Holdings Ltd and changed its name to A-Smart Holdings Ltd. in October 2016. A-Smart Holdings Ltd. was founded in 1986 and is headquartered in Singapore.
Stock analysis
A-SMART HOLDINGS LTD. (BQC) currently trades at 0.0890 SGD, while our model-based Fair Value estimate is 0.0767 SGD, 13.8% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the evidence level at low.
Scenario range: 0.0527 SGD (bear) to 0.1007 SGD (bull), the price of 0.0890 SGD sits inside 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 24/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
A-SMART HOLDINGS LTD. reported revenue of 7.5M SGD in FY2024 versus 5.4M SGD in FY2020, a compound +8.6%/yr. Reported net income was −927K SGD in FY2024.
Key figures
Market cap 29.0M SGD (≈ $22.6M) · P/S ratio 4.32 · Net margin −12.4% · Return on equity −4.2% · Return on assets (EBIT) −3.7% · Operating margin −10.6% · Revenue (TTM) 6.7M SGD · Revenue growth (YoY) −8.3%.
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 33% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −14%, BQC screens richer than that median.
Fair Value models
Bear 0.0527 SGDFair Value 0.0767 SGDBull 0.1007 SGD
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.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.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.6/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+17.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.5%
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−35.9% (2019) → −13.4% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 230 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−13.8% · Below median
Profitability
Return on assets−2.3% · Bottom 25%
Net margin (TTM)−16.0% · Bottom 25%
Operating margin (TTM)−10.6% · Bottom 25%
Growth and dividend
Revenue growth−8.3% · Bottom 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is A-SMART HOLDINGS LTD. (BQC) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.0767 SGD versus a price of 0.0890 SGD, about −14% upside (overvalued).
What is the fair value of BQC?
Our model-based fair value for A-SMART HOLDINGS LTD. is 0.0767 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.0890 SGD.
What is the quality score of BQC?
A-SMART HOLDINGS LTD. has a Quality Score of 24/100. 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 A-SMART HOLDINGS LTD. (BQC)?
Our model-based price target is the fair value of 0.0767 SGD (as of Sep 27, 2026) from 1 valuation models. Cautious scenario 0.0527 SGD, optimistic scenario 0.1007 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the A-SMART HOLDINGS LTD. stock forecast for 2026?
Our models put fair value at 0.0767 SGD, about −14% upside versus a price of 0.0890 SGD (overvalued). Cautious scenario 0.0527 SGD, optimistic scenario 0.1007 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of A-SMART HOLDINGS LTD. (BQC)?
A-SMART HOLDINGS LTD. reported trailing-twelve-month revenue of about 6.7M SGD (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of A-SMART HOLDINGS LTD. (BQC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For A-SMART HOLDINGS LTD. it is 0.0767 SGD per share (as of Sep 27, 2026), against a price of 0.0890 SGD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is A-SMART HOLDINGS LTD. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BQC trades above its calculated fair value: price 0.0890 SGD, fair value 0.0767 SGD, a gap of about −14% (overvalued). 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 BQC?
No. The price is what the market pays today (0.0890 SGD); the fair value is what the company's own numbers justify (0.0767 SGD). For A-SMART HOLDINGS LTD. the two are 0.0123 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is A-SMART HOLDINGS LTD. worth?
The market values A-SMART HOLDINGS LTD. at about 29.0M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.0890 SGD; our models calculate a fair value of 0.0767 SGD per share.
What do the bullish and bearish scenarios say about BQC?
Our models span a range for A-SMART HOLDINGS LTD.: cautious scenario 0.0527 SGD, base 0.0767 SGD, optimistic 0.1007 SGD per share (as of Sep 27, 2026, price 0.0890 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of BQC?
The PEG ratio of A-SMART HOLDINGS LTD. is 0.28 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of A-SMART HOLDINGS LTD. (BQC)?
Balance-sheet figures for A-SMART HOLDINGS LTD. (as of Sep 27, 2026): return on equity −4.2%. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is BQC from its 52-week high?
A-SMART HOLDINGS LTD. trades at 0.0890 SGD, about 33% below its 52-week high of 0.1320 SGD and 3% above the low of 0.0860 SGD (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0767 SGD is for.
Which stocks are comparable to A-SMART HOLDINGS LTD.?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 A-SMART HOLDINGS LTD. stock attractive at the current price?
The data as of Sep 27, 2026: price 0.0890 SGD, calculated fair value 0.0767 SGD (−14%), Quality Score 24/100, from 1 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 BQC calculated?
We run A-SMART HOLDINGS LTD. through 1 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 0.0767 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. A-SMART HOLDINGS LTD. itself currently trades above fair value. 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 A-SMART HOLDINGS LTD. (BQC)?
The closing price on Sep 29, 2026 was 0.0890 SGD. Our model-based fair value is 0.0767 SGD, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with A-SMART HOLDINGS LTD. right now?
A fairly wide model range (0.0527 SGD to 0.1007 SGD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of A-SMART HOLDINGS LTD.
How large is the market capitalisation of A-SMART HOLDINGS LTD. (BQC)?
The market capitalisation of A-SMART HOLDINGS LTD. is 29.0M SGD (≈ $22.6M). 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/S ratio of A-SMART HOLDINGS LTD. (BQC)?
The price-to-sales ratio of A-SMART HOLDINGS LTD. is 4.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of A-SMART HOLDINGS LTD. (BQC)?
The net margin of A-SMART HOLDINGS LTD. is −12.4% (fiscal year 2024). 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 A-SMART HOLDINGS LTD. (BQC)?
The return on equity (ROE) of A-SMART HOLDINGS LTD. is −4.2% (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 A-SMART HOLDINGS LTD. (BQC)?
On an EBIT basis the return on assets of A-SMART HOLDINGS LTD. is −3.7% (avg 4y). 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 A-SMART HOLDINGS LTD. (BQC)?
The operating margin of A-SMART HOLDINGS LTD. is −10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at A-SMART HOLDINGS LTD. (BQC)?
Revenue at A-SMART HOLDINGS LTD. is growing −8.3% versus a year earlier (3y avg +8.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does A-SMART HOLDINGS LTD. (BQC) generate?
The free cash flow of A-SMART HOLDINGS LTD. is −2.6M SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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