EN DE

Top Glove Corporation (BVA) Fair Value & Analysis

Healthcare · SG · Market cap 1.7B SGD

TG Top Glove Corporation BVA · SG
Price0.2100 SGD
Fair Value0.1100 SGD
Upside-47.6%
Quality56/100
Weak Growth
Thin margins · 4.8% net margin
Low debt · generates free cash flow
2.33% dividend yield
Ranks above peers (10/15)
Narrow moat 33/100
Watch Top Glove Corporation for free, get notified when fair value or trend changes. Watch for free
Evidence: High Range 0.0700 SGD – 0.1400 SGD Share as image

Fair value as of: Jul 4, 2026

From 26 valuation models · updated 27 days ago

Share price −2.3% over the past month.

What matters now

  • The price sits above even our optimistic bull case (0.1400 SGD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.0700 SGD to 0.1400 SGD) leaves room in how you read the outcome.

Price vs Fair Value (12 months)

0.2800 SGD 0.1730 SGD Fair Value 0.1100 SGD Aug 2025 Jul 2026

12‑month range 0.1730 SGD – 0.2800 SGD · fair‑value band 0.0700 SGD – 0.1400 SGD · the 0.2100 SGD price screens above the 0.1100 SGD fair value. As of Jul 4, 2026.

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

Analysis

Top Glove Corporation (BVA) currently trades at 0.2100 SGD, while our model-based Fair Value estimate is 0.1100 SGD, implying the stock looks roughly 47.6% overvalued today. We read business quality at 56/100 (solid quality), in the Healthcare 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: high).

Over the trailing twelve months, Top Glove Corporation generated revenue of 3.9B SGD at a net margin of 4.8%. Revenue grew 31.9% year over year. It earns a return on equity of 3.8%. Net debt stands at 532M SGD. Fundamentals as of Jul 4, 2026

Our scenario range runs from 0.0700 SGD (bear case) to 0.1400 SGD (bull case); at 0.2100 SGD, the current price sits above that range. The share trades about 26% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -42% fair-value upside, at -48%, BVA screens richer than that median.

Key figures & financial health

Revenue (TTM) 3.9B SGD
Revenue growth (YoY) +31.9%
Net margin 4.8%
Return on equity 3.8%
Free cash flow 162M SGD FY2025
P/E ratio 21.5
More key figures
Operating margin 13.7%
EPS (TTM) 0.0100 SGD
Dividend yield 2.3%
EPS growth (YoY) +135%
Net debt 532M SGD FY2025

Figures from reported company fundamentals · as of Jul 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100
Profitability 25
Quality Growth 72
Cashflow 51
Fin. Strength 58
Investment 96
Low Volatility 67
Momentum 40
52W Momentum 35
Net Issuance 81

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

Top Glove Corporation Bhd., an investment holding company, engages in the manufacture, trade, and sale of gloves in Malaysia, Thailand, the People's Republic of China, and internationally.

Full company description

Top Glove Corporation Bhd., an investment holding company, engages in the manufacture, trade, and sale of gloves in Malaysia, Thailand, the People's Republic of China, and internationally. It offers nitrile, latex, surgical, rubber, examination, medical, and vinyl gloves; concentrate and synthetic latex, formers, chemicals and chemical compounds, rubber dental dams, exercise bands, condoms, and rubber related products; packaging materials, boxes, and cartons; and disposable and medical face masks, engineering parts and rubber glove machinery, functional fillers, healthcare products, and home care and personal care products. The company also provides property investment and consultancy services, and electrical engineering works; clinical and specialist medical services; analytical, medical related consultancy, emergency medical, advisory, accommodation, management and trading, and value added services; financial and treasury services; management services in plantation sector; processing of plantation produce; and industrial forest plantation services, as well as forestry and industry services. In addition, it trades in healthcare related products; distributes medical devices and products; operates as a special purpose vehicle solely for issuance of Perpetual Sukuk; organizes in-house trainings and public trainings/programs; and establishes and maintains fitness related business, including healthcare, slimming centers, gymnasiums, and other related activities. Further, it generates and supplies energy and electricity using biomass technology; and offers e-commerce services for glove trading and other healthcare products. Additionally, the company provides gamma irradiation services for sterilization of gloves and medical devices; acts as an agent in the sale of various goods; wholesales pharmaceutical goods; and buys and sells real estate. Top Glove Corporation Bhd. was founded in 1991 and is headquartered in Shah Alam, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Top Glove Corporation reported revenue of 3.5B SGD in FY2025 versus 16.4B SGD in FY2021, a compound −32.0%/yr. Reported net income was 128M SGD in FY2025, compounding −64.1%/yr from FY2021.

Revenue −32.0%/yr
FY21 16.4B SGD
FY22 5.6B SGD
FY23 2.3B SGD
FY24 2.5B SGD
FY25 3.5B SGD
Net income −64.1%/yr
FY21 7.8B SGD
FY22 276M SGD
FY23 −879M SGD
FY24 −18.3M SGD
FY25 128M SGD

Is BVA fairly valued? → Check now

Share or link this analysis
📋 Free embed code + live data for your site

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). "Top Glove Corporation Fair Value". https://www.fairvalue-calculator.com/stock/BVA.SG

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 0 / 0
FUTURE 100 / 27
PAST 15 / 22
HEALTH 100 / 96
DIVIDEND 47 / 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG C$20.93 C$9.25 -56%
EssilorLuxottica Société anonyme ESLOF $205.86 $114.90 -44%
Medline Inc MDLN $33.61 $31.78 -5%
HOYA Corporation HOCPY $178.46 $103.27 -42%
Becton, Dickinson and Company BDX $140.71 $104.17 -26%
Alcon Inc 2U3 €58.10 €32.05 -45%
ResMed Inc RMD $196.04 $185.14 -6%
West Pharmaceutical Services, Inc WST $329.71 $137.28 -58%
Terumo Corporation TRUMF $12.89 $12.65 -2%
Straumann Holding SAUHY $13.07 $5.51 -58%

Compare Top Glove Corporation with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare 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 Top Glove Corporation (BVA) overvalued or undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.1100 SGD versus a price of 0.2100 SGD, about −48% (overvalued).
What is the fair value of BVA?
Our model-based fair value for Top Glove Corporation is 0.1100 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.2100 SGD.
What is the quality score of BVA?
Top Glove Corporation has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Top Glove Corporation (BVA)?
Top Glove Corporation reported trailing-twelve-month revenue of about 3.9B SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of BVA?
The net profit margin of Top Glove Corporation is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Top Glove Corporation pay a dividend?
Top Glove Corporation currently shows a dividend yield of about 2.33% relative to its recent price (as of Jul 4, 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.

14 days Pro free · no card

Track Top Glove Corporation 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.