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UpHealth Group (GRQ) Fair Value & Analysis

Healthcare · SG · Market cap 19.4M SGD

UG UpHealth Group GRQ · SG
Price0.1520 SGD
Fair Value0.4400 SGD
Upside+189.5%
Quality60/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/10)
Narrow moat 3/100
Evidence: Low Range 0.2900 SGD – 0.5500 SGD Share as image

Fair value as of: Aug 9, 2026

From 3 valuation models · updated today

Share price +17.8% over the past month.

A solid business, screening 189% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2900 SGD). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.2900 SGD to 0.5500 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.4152 SGD 0.1180 SGD Fair Value 0.4400 SGD Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range 0.1180 SGD – 0.4152 SGD · fair‑value band 0.2900 SGD – 0.5500 SGD · the 0.1520 SGD price screens below the 0.4400 SGD fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

UpHealth Group (GRQ) currently trades at 0.1520 SGD, while our model-based Fair Value estimate is 0.4400 SGD, implying the stock looks roughly 189.5% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at 31.0M SGD. Revenue declined 18.4% year over year. It earns a return on equity of -2.3%. Net debt stands at 3.6M SGD. Fundamentals as of Aug 9, 2026

Our scenario range runs from 0.2900 SGD (bear case) to 0.5500 SGD (bull case); at 0.1520 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 24% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at 189%, GRQ 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 BearBaseBull Evidence
Highest evidence
Gordon GGM 0.1300 SGD 0.1400 SGD 0.1600 SGD 70
DDM Multi-Stage 0.1300 SGD 0.1600 SGD 0.1800 SGD 61
NCAV (Graham) 0.2200 SGD 0.3000 SGD 0.4500 SGD 50
All 3 models by family
Dividend Discount
Gordon GGM 0.1300 SGD 0.1400 SGD 0.1600 SGD 70
DDM Multi-Stage 0.1300 SGD 0.1600 SGD 0.1800 SGD 61
Asset-Based
NCAV (Graham) 0.2200 SGD 0.3000 SGD 0.4500 SGD 50

Widest divergence: Asset-Based (0.3000 SGD) versus Dividend Discount (0.1400 SGD). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 31.0M SGD
Revenue growth (YoY) -18.4%
Return on equity -2.3%
Free cash flow −6.3M SGD FY2025
EPS (TTM) -0.0100 SGD
EPS growth (YoY) -19.5%
More key figures
Net debt 3.6M SGD FY2023

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 75 · Market factors (momentum, volatility) 43

Profitability 5
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 40
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

UpHealth Group Limited operates in the medical business in Russia. The company offers cancer diagnostics and treatment, and antitumor and palliative treatment services through oncology clinics under the Euroonco brand. The company was formerly known as Don Agro International Limited and changed its name to UpHealth Group Limited in January 2026.

Full company description

UpHealth Group Limited operates in the medical business in Russia. The company offers cancer diagnostics and treatment, and antitumor and palliative treatment services through oncology clinics under the Euroonco brand. The company was formerly known as Don Agro International Limited and changed its name to UpHealth Group Limited in January 2026. The company was incorporated in 2018 and is based in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

UpHealth Group reported revenue of 0 SGD in FY2025 versus 30.9M SGD in FY2021. Reported net income was −1.4M SGD in FY2025.

Growth Quality 24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2022)
37.9M SGD
Latest YoY
+22.6%
Avg. growth/yr (3Y)
+2.3%
Avg. growth/yr (5Y)
+10.3%
Revenue
FY21 30.9M SGD
FY22 37.9M SGD
FY23 0 SGD
FY24 0 SGD
FY25 0 SGD
Net income
FY21 10.3M SGD
FY22 −2.0M SGD
FY23 −4.3M SGD
FY24 −22.7M SGD
FY25 −1.4M SGD

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Cite: Fair Value Calculator (2026). "UpHealth Group Fair Value". https://www.fairvalue-calculator.com/stock/GRQ

Peer Group

Medical Care Facilities · 263 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 60 · Above median
Fair Value upside +190% · Top 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -18% · Bottom 25%

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.49× · 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 22
FUTURE 0 · sector 24
PAST 0 · sector 30
HEALTH 100 · sector 90
DIVIDEND 0 · sector 38

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 Care Facilities stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is UpHealth Group (GRQ) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of 0.4400 SGD versus a price of 0.1520 SGD, about +189% (undervalued).
What is the fair value of GRQ?
Our model-based fair value for UpHealth Group is 0.4400 SGD (as of Aug 9, 2026), built from audited fundamentals. The current price is 0.1520 SGD.
What is the quality score of GRQ?
UpHealth Group has a Quality Score of 60/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of UpHealth Group (GRQ)?
UpHealth Group reported trailing-twelve-month revenue of about 31.0M SGD (latest available figure, as of Aug 9, 2026).
What is the net profit margin of GRQ?
The net profit margin of UpHealth Group 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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