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Cortina Holdings (C41) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 621M SGD

CH Cortina Holdings C41 · SG
Price3.75 SGD
Fair Value8.56 SGD
Upside+128.3%
Quality72/100
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Evidence: High Range 6.42 SGD – 10.70 SGD

Fair value as of: Jul 4, 2026

From 26 valuation models · updated today

Share price +4.2% over the past month.

Price vs Fair Value (12 months)

3.81 SGD 3.24 SGD Fair Value 8.56 SGD Jul 2025 Jul 2026

12‑month range 3.24 SGD – 3.81 SGD · fair‑value band 6.42 SGD – 10.70 SGD · the 3.75 SGD price screens below the 8.56 SGD fair value. As of Jul 4, 2026.

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Analysis

Cortina Holdings (C41) currently trades at 3.75 SGD, while our model-based Fair Value estimate is 8.56 SGD — implying the stock looks roughly 128.3% undervalued today. We read business quality at 72/100 (solid quality), in the Consumer Cyclical 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, Cortina Holdings generated revenue of 979M SGD at a net margin of 6.6%. Revenue grew 13.4% year over year. It earns a return on equity of 15.2%. Net debt stands at 8.0M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 979M SGD
Revenue growth (YoY) +13.4%
Net margin 6.6%
Return on equity 15.2%
Free cash flow 95.3M SGD FY2026
P/E ratio 9.6
More key figures
Operating margin 10.2%
EPS (TTM) 0.3900 SGD
Dividend yield 0.5%
EPS growth (YoY) -5.3%
Net debt 8.0M SGD FY2018

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

About the company

Cortina Holdings Limited, an investment holding company, engages in the distribution and retailing of timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and internationally. It operates through Wholesale, Retail, and Others segments. The Wholesale segment engages in the wholesale of timepieces and luxury branded accessories. Its Retail segment is involved in the retail of timepieces, branded pens, and accessories. The Others segment provides other support services. It also retails, imports, and export of watches, timepieces, branded pens, clocks, and accessories; repairs watches; and marketing and distributes watches, as well as provides management services. Cortina Holdings Limited was incorporated in 1972 and is headquartered in Singapore.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Cortina Holdings reported revenue of 979M SGD in FY2026 versus 717M SGD in FY2022, a compound +8.1%/yr. Reported net income was 64.4M SGD in FY2026, compounding −1.6%/yr from FY2022.

Revenue +8.1%/yr
FY22 717M SGD
FY23 827M SGD
FY24 811M SGD
FY25 863M SGD
FY26 979M SGD
Net income −1.6%/yr
FY22 68.8M SGD
FY23 76.5M SGD
FY24 61.1M SGD
FY25 63.6M SGD
FY26 64.4M SGD

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Frequently asked questions

Is Cortina Holdings (C41) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 8.56 SGD versus a price of 3.75 SGD — about +128% (undervalued). Model-based estimate, not financial advice.
What is the fair value of C41?
Our model-based fair value for Cortina Holdings is 8.56 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 3.75 SGD.
What is the quality score of C41?
Cortina Holdings has a Quality Score of 72/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Cortina Holdings (C41)?
Cortina Holdings reported trailing-twelve-month revenue of about 979M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of C41?
The net profit margin of Cortina Holdings is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Cortina Holdings pay a dividend?
Cortina Holdings currently shows a dividend yield of about 0.53% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.