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A-SONIC AEROSPACE LIMITED (BTJ) Fair Value & Analysis

Industrials · SG · Market cap 51.4M SGD

AS A-SONIC AEROSPACE LIMITED BTJ · SG
Price0.5850 SGD
Fair Value0.6300 SGD
Upside+7.7%
Quality61/100
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Healthy Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
0.79% dividend yield
Mixed vs. peers (7/13)
Narrow moat 25/100
Evidence: High Range 0.4700 SGD – 0.7800 SGD Share as image

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 4 days ago

Share price +17.0% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 0.4700 SGD (bear) to 0.7800 SGD (bull), base 0.6300 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

0.6081 SGD 0.2488 SGD Fair Value 0.6300 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 0.2488 SGD – 0.6081 SGD · fair‑value band 0.4700 SGD – 0.7800 SGD · the 0.5850 SGD price screens below the 0.6300 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

A-SONIC AEROSPACE LIMITED (BTJ) currently trades at 0.5850 SGD, while our model-based Fair Value estimate is 0.6300 SGD, implying the stock looks roughly 7.7% fairly valued today. The Quality Score stands at 61/100 (solid 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, A-SONIC AEROSPACE LIMITED generated revenue of 229M SGD at a net margin of 1.3%. Revenue declined 24.6% year over year. It earns a return on equity of 6.7%. The stock trades on a trailing P/E of 14.6. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.4700 SGD (bear case) to 0.7800 SGD (bull case); at 0.5850 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 3% below its 52-week high and 206% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 26% fair-value upside, at 8%, BTJ screens richer 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 0.5800 SGD 0.6100 SGD 0.6600 SGD 80
Residual Income 0.3500 SGD 0.3500 SGD 0.3100 SGD 76
ROIC Compounder 0.6500 SGD 0.6700 SGD 0.7000 SGD 72
All 21 models by family
DCF Models
FCF DCF 0.5800 SGD 0.6100 SGD 0.6600 SGD 38
Owner Earnings 0.6500 SGD 0.7000 SGD 0.7900 SGD 31
5Y Revenue Exit 0.6700 SGD 0.7800 SGD 0.9500 SGD 39
5Y EBITDA Exit 0.7600 SGD 0.9500 SGD 1.19 SGD 41
5Y P/E Exit 0.7200 SGD 0.8800 SGD 1.07 SGD 38
10Y Revenue Exit 0.6200 SGD 0.6900 SGD 0.7700 SGD 36
10Y EBITDA Exit 0.6700 SGD 0.7800 SGD 0.8900 SGD 37
10Y P/E Exit 0.6500 SGD 0.7400 SGD 0.8300 SGD 35
Earnings-Based
Graham-Dodd 0.2000 SGD 0.2500 SGD 0.2800 SGD 54
EPV 0.6500 SGD 0.6700 SGD 0.6900 SGD 59
Multiples
P/E Multiple 0.4700 SGD 0.6300 SGD 0.7800 SGD 63
P/S Multiple 0.3800 SGD 0.5100 SGD 0.6300 SGD 58
P/B Multiple 0.3800 SGD 0.5100 SGD 0.6300 SGD 55
EV/EBIT 0.9000 SGD 1.05 SGD 1.20 SGD 53
EV/EBITDA 1.01 SGD 1.19 SGD 1.38 SGD 54
EV/Revenue 0.7700 SGD 0.9100 SGD 1.04 SGD 43
Asset-Based
NCAV (Graham) 0.2500 SGD 0.3300 SGD 0.5000 SGD 50
Growth DCF
Growth DCF 0.5800 SGD 0.6100 SGD 0.6600 SGD 80
Economic Profit
Residual Income 0.3500 SGD 0.3500 SGD 0.3100 SGD 76
ROIC Compounder 0.6500 SGD 0.6700 SGD 0.7000 SGD 72
Growth Earnings
Growth-Adj P/E 0.3300 SGD 0.4700 SGD 0.6200 SGD 68

Widest divergence: DCF Models (0.7400 SGD) versus Earnings-Based (0.2500 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 229M SGD
Revenue growth (YoY) -24.6%
Net margin 1.3%
Return on equity 6.7%
Free cash flow 1.8M SGD FY2025
P/E ratio 14.6
More key figures
Operating margin 2.8%
EPS (TTM) 0.0400 SGD
Dividend yield 0.8%
EPS growth (YoY) +18.1%

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 75

Profitability 39
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 96
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-Sonic Aerospace Limited, an investment holding company, engages in the aviation and logistics business in People's Republic of China, Hong Kong, Australia, Singapore, the United States, and internationally. The company purchases, owns, leases, and sells aircraft, aircraft engines and components.

Full company description

A-Sonic Aerospace Limited, an investment holding company, engages in the aviation and logistics business in People's Republic of China, Hong Kong, Australia, Singapore, the United States, and internationally. The company purchases, owns, leases, and sells aircraft, aircraft engines and components. It also provides logistic solutions, including international and domestic multi-modal transportation, warehousing, distribution, customs clearance, and airport ground services; freight forwarding; supply chain management services; and retrofit solutions, as well as supply of aircraft systems and aerospace components. A-Sonic Aerospace Limited was incorporated in 2003 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

A-SONIC AEROSPACE LIMITED reported revenue of 229M SGD in FY2025 versus 460M SGD in FY2021, a compound −16.0%/yr. Reported net income was 3.0M SGD in FY2025, compounding −17.7%/yr from FY2021.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
229M SGD
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.
−15.6%
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.
+6.1%
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.
+0.1%
Revenue −16.0%/yr
FY21 460M SGD
FY22 379M SGD
FY23 216M SGD
FY24 276M SGD
FY25 229M SGD
Net income −17.7%/yr
FY21 6.6M SGD
FY22 4.9M SGD
FY23 983K SGD
FY24 2.9M SGD
FY25 3.0M SGD

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Cite: Fair Value Calculator (2026). "A-SONIC AEROSPACE LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/BTJ

Peer Group

Integrated Freight & Logistics · 214 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 61 · Top 25%
Fair Value upside +8% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -25% · Bottom 25%
Dividend yield (TTM) 0.8% · Bottom 25%

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 14.6× · Cheaper than median
P/B 0.79× · Cheaper than median
P/S (TTM) 0.18× · Cheaper than median
P/FCF 22.4× · Pricier 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 44 · sector 41
FUTURE 0 · sector 8
PAST 27 · sector 26
HEALTH 100 · sector 94
DIVIDEND 16 · sector 63

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $103.91 $103.34 -1%
FedEx Corporation FDX $326.77 $347.68 +6%
Deutsche Post AG DHL €55.32 €53.18 -4%
DSV A/S DSV kr 1,380 kr 712.57 -48%
J.B. Hunt Transport Services, Inc JBHT $275.96 $133.80 -52%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
ZTO Express (Cayman) Inc 2057 HK$178.20 HK$224.41 +26%
Hyundai Glovis Co 086280 199,700 KRW 468,982 KRW +135%
YTO Express Group 600233 ¥18.48 ¥26.51 +43%
JD Logistics, Inc 2618 HK$14.17 HK$21.45 +51%

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Frequently asked questions

Is A-SONIC AEROSPACE LIMITED (BTJ) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.6300 SGD versus a price of 0.5850 SGD, about +8% (fairly valued).
What is the fair value of BTJ?
Our model-based fair value for A-SONIC AEROSPACE LIMITED is 0.6300 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.5850 SGD.
What is the quality score of BTJ?
A-SONIC AEROSPACE LIMITED has a Quality Score of 61/100. 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-SONIC AEROSPACE LIMITED (BTJ)?
A-SONIC AEROSPACE LIMITED reported trailing-twelve-month revenue of about 229M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BTJ?
The net profit margin of A-SONIC AEROSPACE LIMITED is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does A-SONIC AEROSPACE LIMITED pay a dividend?
A-SONIC AEROSPACE LIMITED currently shows a dividend yield of about 0.79% relative to its recent price (as of Aug 13, 2026).

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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