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INNOTEK LIMITED (M14) Fair Value & Analysis

Industrials · SG · Market cap 162M SGD

IL INNOTEK LIMITED M14 · SG
Price0.4400 SGD
Fair Value0.3169 SGD
Upside-28.0%
Quality50/100
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Expensive Growth
Thin margins · 1.0% net margin
Low debt · negative free cash flow
3.23% dividend yield
Mixed vs. peers (6/13)
Narrow moat 15/100
Evidence: Medium Range 0.2377 SGD – 0.3961 SGD Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from 0.1600 SGD to 0.3169 SGD (+98.1%) since Aug 9, 2026. Share price −17.8% over the past month.

A solid business, but screening 28% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (0.3961 SGD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.9300 SGD 0.3158 SGD Fair Value 0.3169 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 0.3158 SGD – 0.9300 SGD · fair‑value band 0.2377 SGD – 0.3961 SGD · the 0.4400 SGD price screens above the 0.3169 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

INNOTEK LIMITED (M14) currently trades at 0.4400 SGD, while our model-based Fair Value estimate is 0.3169 SGD, implying the stock looks roughly 28.0% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials 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: medium).

Over the trailing twelve months, INNOTEK LIMITED generated revenue of 210M SGD at a net margin of 1.0%. Revenue declined 7.8% year over year. It earns a return on equity of 0.9%. The stock trades on a trailing P/E of 44.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2377 SGD (bear case) to 0.3961 SGD (bull case); at 0.4400 SGD, the current price sits above 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 54% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -28%, M14 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
Residual Income 0.4100 SGD 0.3800 SGD 0.2400 SGD 76
Gordon GGM 0.1200 SGD 0.1300 SGD 0.1500 SGD 70
Growth-Adj P/E 0.0900 SGD 0.1200 SGD 0.1600 SGD 68
All 11 models by family
DCF Models
Owner Earnings 0.2600 SGD 0.2900 SGD 0.3200 SGD 31
Earnings-Based
Graham-Dodd 0.0500 SGD 0.0600 SGD 0.0700 SGD 54
Dividend Discount
Gordon GGM 0.1200 SGD 0.1300 SGD 0.1500 SGD 70
DDM Multi-Stage 0.1200 SGD 0.1400 SGD 0.1700 SGD 61
Multiples
P/E Multiple 0.1200 SGD 0.1600 SGD 0.2000 SGD 63
P/S Multiple 0.1000 SGD 0.1300 SGD 0.1600 SGD 58
P/B Multiple 0.1000 SGD 0.1300 SGD 0.1600 SGD 55
EV/EBITDA 0.5600 SGD 0.6800 SGD 0.8100 SGD 54
Asset-Based
NCAV (Graham) 0.3300 SGD 0.4400 SGD 0.6600 SGD 50
Economic Profit
Residual Income 0.4100 SGD 0.3800 SGD 0.2400 SGD 76
Growth Earnings
Growth-Adj P/E 0.0900 SGD 0.1200 SGD 0.1600 SGD 68

Widest divergence: Asset-Based (0.4400 SGD) versus Earnings-Based (0.0600 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 210M SGD
Revenue growth (YoY) -7.8%
Net margin 1.0%
Return on equity 0.9%
Free cash flow −1.1M SGD FY2025
P/E ratio 44.0
More key figures
Operating margin 0.0%
EPS (TTM) 0.0100 SGD
Dividend yield 3.2%
EPS growth (YoY) -39.6%

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 34

Profitability 26
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 76
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

InnoTek Limited, an investment holding company, operates as a precision metal components manufacturer in Hong Kong, the People's Republic of China, Thailand, and Vietnam. It operates through The Precision Components and The precision intelligent manufacturing segments.

Full company description

InnoTek Limited, an investment holding company, operates as a precision metal components manufacturer in Hong Kong, the People's Republic of China, Thailand, and Vietnam. It operates through The Precision Components and The precision intelligent manufacturing segments. The Precision Components and Tooling Segment offers stamping components, tooling design, and fabrication services for the automotive component, office automation, and consumer electronics product industries; and die making services to manufacturers. Its precision intelligent manufacturing segment engages in the machining of products for the TV and office automation industries; and provision of metal-related components for customers in the TV, tablet, and mobile-phone industries through cold-forging, computer numerical control machining, and surface decoration. The company also engages in the provision of sale and marketing support services; and trading activities. The company was formerly known as Magnecomp International Limited and changed its name to InnoTek Limited in November 2007. InnoTek Limited was founded in 1984 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

INNOTEK LIMITED reported revenue of 210M SGD in FY2025 versus 174M SGD in FY2021, a compound +4.9%/yr. Reported net income was 2.0M SGD in FY2025, compounding −35.5%/yr from FY2021.

Growth Quality 26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
210M SGD
Latest YoY
−11.8%
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.
+4.0%
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.
+2.8%
Avg. growth/yr (12Y) 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.
−1.3%
Revenue +4.9%/yr
FY21 174M SGD
FY22 187M SGD
FY23 206M SGD
FY24 238M SGD
FY25 210M SGD
Net income −35.5%/yr
FY21 11.5M SGD
FY22 2.3M SGD
FY23 4.7M SGD
FY24 5.8M SGD
FY25 2.0M SGD

M14 screens 28% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "INNOTEK LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/M14

Peer Group

Metal Fabrication · 249 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 50 · Above median
Fair Value upside −28% · Above median
Return on equity (TTM) 1% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 3.2% · Top 25%

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 44.0× · Pricier than median
P/B 0.74× · Cheaper than median
P/S (TTM) 0.61× · Cheaper than median
EV/EBITDA 19.5× · Pricier than median

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 · sector 0
FUTURE 0 · sector 34
PAST 4 · sector 19
HEALTH 100 · sector 95
DIVIDEND 65 · sector 28

VALUE 0: the price sits above our fair-value range.

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 Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

Is INNOTEK LIMITED (M14) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.3169 SGD versus a price of 0.4400 SGD, about −28% (overvalued).
What is the fair value of M14?
Our model-based fair value for INNOTEK LIMITED is 0.3169 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.4400 SGD.
What is the quality score of M14?
INNOTEK LIMITED has a Quality Score of 50/100. 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 INNOTEK LIMITED (M14)?
INNOTEK LIMITED reported trailing-twelve-month revenue of about 210M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of M14?
The net profit margin of INNOTEK LIMITED is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does INNOTEK LIMITED pay a dividend?
INNOTEK LIMITED currently shows a dividend yield of about 3.23% 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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