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A-SMART HOLDINGS LTD. (BQC) Fair Value & Analysis

Industrials · SG · Market cap 27.9M SGD

AS A-SMART HOLDINGS LTD. BQC · SG
Price0.0870 SGD
Fair Value0.0765 SGD
Upside-12.1%
Quality24/100
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Weak Growth
Loss-making · -16.0% net margin
negative free cash flow
Trails peers (2/10)
Narrow moat 1/100
Evidence: Low Range 0.0540 SGD – 0.0990 SGD Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 4 days ago

Share price −8.4% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

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What matters now

  • A fairly wide model range (0.0540 SGD to 0.0990 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.
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Price vs Fair Value (5 years)

0.4199 SGD 0.0670 SGD Fair Value 0.0765 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 0.0670 SGD – 0.4199 SGD · fair‑value band 0.0540 SGD – 0.0990 SGD · the 0.0870 SGD price screens above the 0.0765 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

A-SMART HOLDINGS LTD. (BQC) currently trades at 0.0870 SGD, while our model-based Fair Value estimate is 0.0765 SGD, implying the stock looks roughly 12.1% overvalued today. The Quality Score stands at 24/100 (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: low).

Over the trailing twelve months, A-SMART HOLDINGS LTD. generated revenue of 6.7M SGD at a net margin of -16.0%. Revenue declined 8.3% year over year. It earns a return on equity of -4.2%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0540 SGD (bear case) to 0.0990 SGD (bull case); at 0.0870 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 40% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -38% fair-value upside, at -12%, BQC 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
NCAV (Graham) 0.0500 SGD 0.0700 SGD 0.1000 SGD 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.0500 SGD 0.0700 SGD 0.1000 SGD 50

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Key figures & financial health

Revenue (TTM) 6.7M SGD
Revenue growth (YoY) -8.3%
Net margin -16.0%
Return on equity -4.2%
Free cash flow −2.6M SGD FY2025
Operating margin -10.6%

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

Quality Score breakdown

Overall quality 24/100

Of which business quality 32 · Market factors (momentum, volatility) 30

Profitability 8
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 0
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

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.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
7.5M SGD
Latest YoY
+17.6%
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.
+8.2%
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.
+1.5%
Avg. growth/yr (10Y) 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%
Revenue +8.6%/yr
FY20 5.4M SGD
FY21 5.9M SGD
FY22 6.1M SGD
FY23 6.3M SGD
FY24 7.5M SGD
Net income
FY20 141K SGD
FY21 −701K SGD
FY22 −1.1M SGD
FY23 113K SGD
FY24 −927K SGD

BQC screens 12% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "A-SMART HOLDINGS LTD. Fair Value". https://www.fairvalue-calculator.com/stock/BQC

Peer Group

Specialty Business Services · 248 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 32 · Bottom 25%
Fair Value upside −12% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) -11% · Bottom 25%
Revenue growth -8% · Bottom 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/B 0.79× · Cheaper than 75% of peers
P/S (TTM) 3.26× · Pricier than 75% of peers
PEG 0.28× · 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 17 · sector 25
FUTURE 0 · sector 25
PAST 0 · sector 35
HEALTH 0 · sector 91
DIVIDEND 0 · sector 52

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $199.52 $95.19 -52%
RELX PLC RELX $34.55 $32.24 -7%
Thomson Reuters Corporation TRI C$142.85 C$70.40 -51%
Copart, Inc CPRT $28.99 $28.59 -1%
Global Payments Inc GPN $88.53 $68.98 -22%
RB Global, Inc RBA C$120.52 C$49.14 -59%
Brambles Limited BXB A$19.89 A$12.28 -38%
UL Solutions Inc ULS $76.68 $33.62 -56%
Aramark ARMK $60.35 $13.18 -78%
ISS A/S ISS kr 288.20 kr 251.13 -13%

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Frequently asked questions

Is A-SMART HOLDINGS LTD. (BQC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0765 SGD versus a price of 0.0870 SGD, about −12% (overvalued).
What is the fair value of BQC?
Our model-based fair value for A-SMART HOLDINGS LTD. is 0.0765 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0870 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 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 Aug 13, 2026).
What is the net profit margin of BQC?
The net profit margin of A-SMART HOLDINGS LTD. is about -16.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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