EN DE

XMH HOLDINGS LTD. (BQF) Fair Value & Analysis

Industrials · SG · Market cap 262M SGD

XH XMH HOLDINGS LTD. BQF · SG
Price2.30 SGD
Fair Value4.39 SGD
Upside+90.9%
Quality76/100
Watch XMH HOLDINGS LTD. for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 17.0% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Wide moat 79/100
Evidence: High Range 2.79 SGD – 7.28 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price +2.2% over the past month.

A strong business, screening 91% undervalued on our models.

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (2.79 SGD). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (2.79 SGD to 7.28 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

2.39 SGD 0.0780 SGD Fair Value 4.39 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 0.0780 SGD – 2.39 SGD · fair‑value band 2.79 SGD – 7.28 SGD · the 2.30 SGD price screens below the 4.39 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

XMH HOLDINGS LTD. (BQF) currently trades at 2.30 SGD, while our model-based Fair Value estimate is 4.39 SGD, implying the stock looks roughly 90.9% undervalued today. The Quality Score stands at 76/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, XMH HOLDINGS LTD. generated revenue of 185M SGD at a net margin of 17.0%. Revenue declined 8.8% year over year. It earns a return on equity of 33.2%. The stock trades on a trailing P/E of 7.9. Fundamentals as of Aug 13, 2026

Our scenario range runs from 2.79 SGD (bear case) to 7.28 SGD (bull case); at 2.30 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 7% below its 52-week high and 141% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at 91%, BQF 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 2.22 SGD 3.28 SGD 4.71 SGD 80
Residual Income 1.50 SGD 2.07 SGD 9.85 SGD 76
Rev-Margin DCF 2.30 SGD 3.75 SGD 5.64 SGD 74
All 24 models by family
DCF Models
FCF DCF 2.26 SGD 3.50 SGD 5.31 SGD 38
Owner Earnings 3.21 SGD 5.04 SGD 7.69 SGD 31
5Y Revenue Exit 2.30 SGD 3.78 SGD 5.79 SGD 39
5Y EBITDA Exit 2.84 SGD 4.92 SGD 7.54 SGD 41
5Y P/E Exit 3.51 SGD 6.31 SGD 9.55 SGD 38
10Y Revenue Exit 2.19 SGD 3.47 SGD 5.41 SGD 36
10Y EBITDA Exit 2.56 SGD 4.19 SGD 6.67 SGD 37
10Y P/E Exit 2.94 SGD 5.06 SGD 8.12 SGD 35
Earnings-Based
Graham-Dodd 1.96 SGD 9.41 SGD 12.95 SGD 54
Lynch FV 2.51 SGD 3.59 SGD 4.66 SGD 50
PEG = 1.0 2.51 SGD 3.59 SGD 4.66 SGD 46
EPV 2.23 SGD 2.47 SGD 2.66 SGD 59
Multiples
P/E Multiple 4.53 SGD 6.05 SGD 7.56 SGD 63
P/S Multiple 2.54 SGD 3.38 SGD 4.23 SGD 58
P/B Multiple 3.32 SGD 4.43 SGD 5.54 SGD 55
EV/EBIT 4.18 SGD 5.50 SGD 6.81 SGD 53
EV/EBITDA 3.55 SGD 4.64 SGD 5.74 SGD 54
EV/Revenue 2.38 SGD 3.29 SGD 4.21 SGD 43
Asset-Based
NCAV (Graham) 0.4900 SGD 0.6600 SGD 0.9800 SGD 50
Growth DCF
Growth DCF 2.22 SGD 3.28 SGD 4.71 SGD 80
Rev-Margin DCF 2.30 SGD 3.75 SGD 5.64 SGD 74
Economic Profit
Residual Income 1.50 SGD 2.07 SGD 9.85 SGD 76
ROIC Compounder 2.42 SGD 2.89 SGD 3.41 SGD 72
Growth Earnings
Growth-Adj P/E 3.92 SGD 5.60 SGD 7.28 SGD 68

Widest divergence: Growth Earnings (5.60 SGD) versus Asset-Based (0.6600 SGD). Highest evidence: Growth DCF (80).

Notify me when BQF reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 185M SGD
Revenue growth (YoY) -8.8%
Net margin 17.0%
Return on equity 33.2%
Free cash flow 23.4M SGD FY2026
P/E ratio 7.9
More key figures
Operating margin 19.6%
EPS (TTM) 0.2900 SGD
EPS growth (YoY) +24.6%
Net debt 481K SGD FY2025

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

Quality Score breakdown

Overall quality 76/100

Of which business quality 73 · Market factors (momentum, volatility) 80

Profitability 80
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 94
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

XMH Holdings Ltd., an investment holding company, provides diesel engine, propulsion, and power generating solutions for customers in the marine and industrial sectors in Singapore, Indonesia, Malaysia, Vietnam, and internationally. It operates through three segments: Distribution, After-sales, and Project.

Full company description

XMH Holdings Ltd., an investment holding company, provides diesel engine, propulsion, and power generating solutions for customers in the marine and industrial sectors in Singapore, Indonesia, Malaysia, Vietnam, and internationally. It operates through three segments: Distribution, After-sales, and Project. The company offers high-speed marine diesel engines for propulsion systems, pumps, deck machines, bow thrusters, power generating sets, and portable power packs; medium-speed marine diesel engines for propulsion systems and power generating sets; low-speed marine diesel engines for propulsion systems; power generating sets for auxiliary power supply to marine vessels; and industrial diesel engines for portable power packs, deck machines, and power generating sets. It also supplies engines, general machinery, and machinery equipment for marine, agriculture, construction, and industrial use; and manufactures, imports, and exports generating sets, spare parts, and general engineering and other related products. In addition, the company trades in machinery, spare parts, and equipment; assembles and sells generators and related accessories; and provides warehouse services, as well as supporting services to land transfer, and after-sales and repair services. It offers its marine products to shipyards, vessel owners, and dealers; and hotel proprietors, building owners, and contractors. XMH Holdings Ltd. was founded in 1955 and is based in Singapore.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

XMH HOLDINGS LTD. reported revenue of 185M SGD in FY2026 versus 71.9M SGD in FY2022, a compound +26.7%/yr. Reported net income was 31.6M SGD in FY2026, compounding +80.2%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
185M SGD
Latest YoY
+10.9%
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.
+12.9%
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.
+23.6%
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.
+4.8%
Revenue +26.7%/yr
FY22 71.9M SGD
FY23 129M SGD
FY24 124M SGD
FY25 167M SGD
FY26 185M SGD
Net income +80.2%/yr
FY22 3.0M SGD
FY23 4.0M SGD
FY24 12.6M SGD
FY25 25.5M SGD
FY26 31.6M SGD

Watch BQF: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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.

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

Peer Group

Specialty Industrial Machinery · 805 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 76 · Top 25%
Fair Value upside +91% · Top 25%
Return on equity (TTM) 33% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 3.3% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 1.90× · Cheaper than median
P/S (TTM) 1.11× · Cheaper than median
P/FCF 8.8× · Pricier than median
EV/EBITDA 4.5× · 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 0
FUTURE 0 · sector 22
PAST 100 · sector 28
HEALTH 100 · sector 95
DIVIDEND 67 · sector 27

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

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €899.80 €186.93 -79%
1SIE 1SIE €281.75 €91.93 -67%
SMNS SMNS C$31.76 C$22.75 -28%
Atlas Copco AB ATCOA kr 210.00 kr 112.59 -46%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

Compare XMH HOLDINGS LTD. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is XMH HOLDINGS LTD. (BQF) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 4.39 SGD versus a price of 2.30 SGD, about +91% (undervalued).
What is the fair value of BQF?
Our model-based fair value for XMH HOLDINGS LTD. is 4.39 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 2.30 SGD.
What is the quality score of BQF?
XMH HOLDINGS LTD. has a Quality Score of 76/100. 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 XMH HOLDINGS LTD. (BQF)?
XMH HOLDINGS LTD. reported trailing-twelve-month revenue of about 185M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BQF?
The net profit margin of XMH HOLDINGS LTD. is about 17.0%, meaning it keeps roughly 17.0% 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.

14 days Pro free · no card

Track XMH HOLDINGS LTD. and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.