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EC World REIT (ECWDF) Fair Value & Analysis

Real Estate · US · Market cap $1.2M

EW EC World REIT logo EC World REIT ECWDF · US
Price$0.0015
Fair Value$0.0015
Upside+0.0%
Quality44/100
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Weak Growth
Thin margins · 0.0% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 32/100
Evidence: Medium Range $0.0015 – $0.0015 Share as image

Fair value as of: Aug 17, 2026

From 7 valuation models · updated today

Below-average quality, 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.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (3 years)

$0.0015 $0.0010 Fair Value $0.0015 Dec 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

32‑month range $0.0010 – $0.0015 · the $0.0015 price screens below the $0.0015 fair value. Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

EC World REIT (ECWDF) currently trades at $0.0015, while our model-based Fair Value estimate is $0.0015, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 44/100 (below-average quality), in the Real Estate 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: medium), always confirm before acting.

Trailing-twelve-month revenue stands at $28.7M. Revenue declined 52.0% year over year. Net debt stands at $468M. Fundamentals as of Aug 17, 2026

The share trades near its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -43% fair-value upside, at 0%, ECWDF 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 $0.0700 $0.0900 $0.1100 80
Rev-Margin DCF $0.1400 $0.2200 $0.3100 74
EV/EBIT $0.4500 $0.6000 $0.7400 53
All 7 models by family
DCF Models
FCF DCF $0.0700 $0.0900 $0.1100 38
5Y Revenue Exit $0.1400 $0.2200 $0.3300 39
10Y Revenue Exit $0.1000 $0.1500 $0.2000 36
Multiples
EV/EBIT $0.4500 $0.6000 $0.7400 53
EV/Revenue $0.2200 $0.3100 $0.4000 43
Growth DCF
Growth DCF $0.0700 $0.0900 $0.1100 80
Rev-Margin DCF $0.1400 $0.2200 $0.3100 74

Widest divergence: Multiples ($0.3100) versus Growth DCF ($0.0900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $28.7M
Revenue growth (YoY) -52.0%
Return on equity -110%
Free cash flow $7.1M FY2025
Operating margin 52.7%
EPS (TTM) $-0.2400
More key figures
EPS growth (YoY) +99.8%
Net debt $468M FY2025

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 72

Profitability 2
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 95
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

EC World REIT is a Singapore Real Estate Investment Trust (REIT). With a strategy to invest principally, directly or indirectly in a diversified portfolio of income-producing real estate.

Full company description

EC World REIT is a Singapore Real Estate Investment Trust (REIT). With a strategy to invest principally, directly or indirectly in a diversified portfolio of income-producing real estate. The real estates are primarily used for e-commerce, supply-chain management, and logistics purposes, as well as real estate-related assets, with an initial geographical focus on the People's Republic of China (the PRC) " primarily Hangzhou and Wuhan. The REIT Manager is a wholly-owned subsidiary of the Sponsor " Forchn Holdings Group Co. Ltd. Hangzhou Wangcheng Property Service Co., Ltd. and Hangzhou Chonghang Port Supply Chain Co., Ltd., both are the third-party property managers (Property Managers) appointed for the properties in China. The Sponsor is headquartered at 6 Shenton Way, No 41-03 OUE Downtown 1 Singapore 068809. EC World REIT was established on August 05, 2015, and incorporated in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EC World REIT reported revenue of $35.2M in FY2025 versus $125M in FY2021, a compound −27.2%/yr. Reported net income was −$250M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$35.2M
Latest YoY
−61.7%
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.
−33.7%
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.
−20.3%
Revenue −27.2%/yr
FY21 $125M
FY22 $121M
FY23 $108M
FY24 $91.9M
FY25 $35.2M
Net income
FY21 $24.5M
FY22 $10.1M
FY23 −$449M
FY24 −$66.0M
FY25 −$250M

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Cite: Fair Value Calculator (2026). "EC World REIT Fair Value". https://www.fairvalue-calculator.com/stock/ECWDF

Peer Group

REIT - Industrial · 59 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 44 · Bottom 25%
Fair Value upside +0% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 53% · Below median
Revenue growth -52% · Bottom 25%

Valuation Multiples vs REIT - Industrial median · lower = cheaper

P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.2× · 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 33 · sector 4
FUTURE 0 · sector 17
PAST 0 · sector 28
HEALTH 100 · sector 77
DIVIDEND 0 · sector 100

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Prologis, Inc PLD $140.73 $61.28 -56%
Public Storage, a member of the S&P 500, PSA $323.58 $162.43 -50%
Extra Space Storage Inc EXR $149.40 $78.38 -48%
EastGroup Properties, Inc EGP $203.45 $81.41 -60%
Lineage, Inc LINE $41.50 $47.91 +15%
CapitaLand Ascendas REIT (CLAR) A17U 2.44 SGD 2.00 SGD -18%
CubeSmart CUBE $41.22 $25.06 -39%
First Industrial Realty Trust, Inc FR $63.34 $20.72 -67%
Rexford Industrial Realty, Inc REXR $36.39 $20.69 -43%
STAG Industrial, Inc STAG $36.94 $21.64 -41%

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Frequently asked questions

Is EC World REIT (ECWDF) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of $0.0015 versus a price of $0.0015, about +0% (fairly valued).
What is the fair value of ECWDF?
Our model-based fair value for EC World REIT is $0.0015 (as of Aug 17, 2026), built from audited fundamentals. The current price is $0.0015.
What is the quality score of ECWDF?
EC World REIT has a Quality Score of 44/100. 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 EC World REIT (ECWDF)?
EC World REIT reported trailing-twelve-month revenue of about $28.7M (latest available figure, as of Aug 17, 2026).
What is the net profit margin of ECWDF?
The net profit margin of EC World REIT is about 0.0%, meaning it keeps roughly 0.0% 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.

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