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ENVICTUS INTERNATIONAL HLDGLTD (BQD) Fair Value & Analysis

Consumer Defensive · SG · Market cap 94.3M SGD

EI ENVICTUS INTERNATIONAL HLDGLTD BQD · SG
Price0.4000 SGD
Fair Value0.7100 SGD
Upside+77.5%
Quality56/100
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Healthy Growth
Thin margins · 3.6% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Narrow moat 36/100
Evidence: High Range 0.4600 SGD – 0.9600 SGD Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +12.7% over the past month.

A solid business, screening 78% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.4600 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.4600 SGD to 0.9600 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.4150 SGD 0.1110 SGD Fair Value 0.7100 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 0.1110 SGD – 0.4150 SGD · fair‑value band 0.4600 SGD – 0.9600 SGD · the 0.4000 SGD price screens below the 0.7100 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ENVICTUS INTERNATIONAL HLDGLTD (BQD) currently trades at 0.4000 SGD, while our model-based Fair Value estimate is 0.7100 SGD, implying the stock looks roughly 77.5% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, ENVICTUS INTERNATIONAL HLDGLTD generated revenue of 758M SGD at a net margin of 3.6%. Revenue grew 4.4% year over year. It earns a return on equity of 12.1%. Net debt stands at 33.5M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.4600 SGD (bear case) to 0.9600 SGD (bull case); at 0.4000 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 6% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 78%, BQD 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
Growth DCF 1.25 SGD 1.78 SGD 2.46 SGD 80
Residual Income 0.6400 SGD 0.7200 SGD 1.19 SGD 76
Rev-Margin DCF 1.61 SGD 2.67 SGD 3.98 SGD 74
All 26 models by family
DCF Models
FCF DCF 1.26 SGD 1.86 SGD 2.68 SGD 38
Owner Earnings 1.73 SGD 2.57 SGD 3.71 SGD 31
5Y Revenue Exit 1.61 SGD 2.69 SGD 4.13 SGD 39
5Y EBITDA Exit 2.32 SGD 4.11 SGD 6.31 SGD 41
5Y P/E Exit 1.39 SGD 2.27 SGD 3.23 SGD 38
10Y Revenue Exit 1.39 SGD 2.27 SGD 3.54 SGD 36
10Y EBITDA Exit 1.84 SGD 3.13 SGD 5.04 SGD 37
10Y P/E Exit 1.32 SGD 2.01 SGD 2.92 SGD 35
Earnings-Based
Graham-Dodd 0.6700 SGD 2.73 SGD 3.72 SGD 54
Lynch FV 0.6800 SGD 0.9800 SGD 1.27 SGD 50
PEG = 1.0 0.6800 SGD 0.9800 SGD 1.27 SGD 46
EPV 1.39 SGD 1.55 SGD 1.67 SGD 59
Dividend Discount
Gordon GGM 0.0700 SGD 0.1200 SGD 0.1600 SGD 70
DDM Multi-Stage 0.0700 SGD 0.1200 SGD 0.1300 SGD 61
Multiples
P/E Multiple 1.56 SGD 2.08 SGD 2.60 SGD 63
P/S Multiple 1.26 SGD 1.69 SGD 2.11 SGD 58
P/B Multiple 1.26 SGD 1.69 SGD 2.11 SGD 55
EV/EBIT 2.67 SGD 3.53 SGD 4.39 SGD 53
EV/EBITDA 3.44 SGD 4.55 SGD 5.67 SGD 54
EV/Revenue 1.93 SGD 2.72 SGD 3.51 SGD 43
Asset-Based
NCAV (Graham) 0.3700 SGD 0.5000 SGD 0.7500 SGD 50
Growth DCF
Growth DCF 1.25 SGD 1.78 SGD 2.46 SGD 80
Rev-Margin DCF 1.61 SGD 2.67 SGD 3.98 SGD 74
Economic Profit
Residual Income 0.6400 SGD 0.7200 SGD 1.19 SGD 76
ROIC Compounder 1.49 SGD 1.79 SGD 2.12 SGD 72
Growth Earnings
Growth-Adj P/E 1.19 SGD 1.70 SGD 2.21 SGD 68

Widest divergence: DCF Models (2.27 SGD) versus Dividend Discount (0.1200 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 758M SGD
Revenue growth (YoY) +4.4%
Net margin 3.6%
Return on equity 12.1%
Free cash flow 40.0M SGD FY2025
P/E ratio 13.3
More key figures
Operating margin 5.0%
EPS (TTM) 0.0300 SGD
EPS growth (YoY) +16.9%
Net debt 33.5M SGD FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 47

Profitability 65
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 43
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

Envictus International Holdings Limited, an investment holding company, engages in the sale of food and beverage products in Malaysia, Africa, and ASEAN countries. It operates through Food Services, Trading and Frozen Food, and Dairies segments.

Full company description

Envictus International Holdings Limited, an investment holding company, engages in the sale of food and beverage products in Malaysia, Africa, and ASEAN countries. It operates through Food Services, Trading and Frozen Food, and Dairies segments. The company operates the Texas Chicken restaurant and San Francisco Coffee chains; and engages in the importing and distributing food products in raw and processed forms, focusing on the hospitality and consumer-based food industries. It also offers frozen/chilled meats, dairy products, seafood and condiments, and various other products for 5-star hotels, airlines, cruise ships, hyper/supermarkets, bakeries, butcheries, fast-food chains, grocery stores, food processors, and other wholesalers. In addition, the company manufactures and distributes condensed and evaporated milk under the SuJOHAN brand. The company was formerly known as Etika International Holdings Limited and changed its name to Envictus International Holdings Limited in July 2014. Envictus International Holdings Limited was founded in 1997 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ENVICTUS INTERNATIONAL HLDGLTD reported revenue of 745M SGD in FY2025 versus 382M SGD in FY2021, a compound +18.2%/yr. Reported net income was 30.2M SGD in FY2025.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
745M SGD
Latest YoY
+8.4%
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.
+13.0%
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.
+13.3%
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.
+8.4%
Revenue +18.2%/yr
FY21 382M SGD
FY22 516M SGD
FY23 566M SGD
FY24 687M SGD
FY25 745M SGD
Net income
FY21 −48.4M SGD
FY22 −6.4M SGD
FY23 −32.9M SGD
FY24 50.6M SGD
FY25 30.2M SGD

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Cite: Fair Value Calculator (2026). "ENVICTUS INTERNATIONAL HLDGLTD Fair Value". https://www.fairvalue-calculator.com/stock/BQD

Peer Group

Packaged Foods · 651 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 56 · Above median
Fair Value upside +78% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 5% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 3.4% · Above median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 13.3× · Cheaper than median
P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 1.8× · Cheaper than median
EV/EBITDA 0.6× · 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 100 · sector 25
FUTURE 22 · sector 20
PAST 48 · sector 28
HEALTH 90 · sector 96
DIVIDEND 68 · sector 55

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,646 ₹1,870 -67%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Patanjali Foods Limited PATANJALI ₹352.60 ₹144.77 -59%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
PT Mayora Indah Tbk, MYOR 1,665 IDR 2,699 IDR +62%
PT Cisarua Mountain Dairy Tbk CMRY 4,630 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is ENVICTUS INTERNATIONAL HLDGLTD (BQD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.7100 SGD versus a price of 0.4000 SGD, about +78% (undervalued).
What is the fair value of BQD?
Our model-based fair value for ENVICTUS INTERNATIONAL HLDGLTD is 0.7100 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.4000 SGD.
What is the quality score of BQD?
ENVICTUS INTERNATIONAL HLDGLTD has a Quality Score of 56/100. 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 ENVICTUS INTERNATIONAL HLDGLTD (BQD)?
ENVICTUS INTERNATIONAL HLDGLTD reported trailing-twelve-month revenue of about 758M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BQD?
The net profit margin of ENVICTUS INTERNATIONAL HLDGLTD is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. 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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