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NEW TOYO INT HLDGS LTD (N08) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 89.9M SGD

NT NEW TOYO INT HLDGS LTD N08 · SG
Price0.2000 SGD
Fair Value0.1600 SGD
Upside-20.0%
Quality59/100
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Mixed Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
4.39% dividend yield
Mixed vs. peers (6/14)
Narrow moat 21/100
Evidence: Medium Range 0.1200 SGD – 0.2000 SGD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

A solid business, but screening 20% overvalued on our models.

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What matters now

  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 0.1200 SGD (bear) to 0.2000 SGD (bull), base 0.1600 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

0.2551 SGD 0.1334 SGD Fair Value 0.1600 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 0.1334 SGD – 0.2551 SGD · fair‑value band 0.1200 SGD – 0.2000 SGD · the 0.2000 SGD price screens above the 0.1600 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

NEW TOYO INT HLDGS LTD (N08) currently trades at 0.2000 SGD, while our model-based Fair Value estimate is 0.1600 SGD, implying the stock looks roughly 20.0% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical 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, NEW TOYO INT HLDGS LTD generated revenue of 311M SGD at a net margin of 1.4%. Revenue declined 2.3% year over year. It earns a return on equity of 2.7%. Net debt stands at 22.5M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.1200 SGD (bear case) to 0.2000 SGD (bull case); at 0.2000 SGD, the current price sits within 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 22% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -20%, N08 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 0.2600 SGD 0.3100 SGD 0.3700 SGD 80
Residual Income 0.2200 SGD 0.2100 SGD 0.1500 SGD 76
Rev-Margin DCF 0.2100 SGD 0.2700 SGD 0.3300 SGD 74
All 24 models by family
DCF Models
FCF DCF 0.2600 SGD 0.3200 SGD 0.3800 SGD 38
Owner Earnings 0.2100 SGD 0.2600 SGD 0.3100 SGD 31
5Y Revenue Exit 0.2100 SGD 0.2700 SGD 0.3300 SGD 39
5Y EBITDA Exit 0.3100 SGD 0.4400 SGD 0.5800 SGD 41
5Y P/E Exit 0.2100 SGD 0.2500 SGD 0.3000 SGD 38
10Y Revenue Exit 0.2300 SGD 0.2800 SGD 0.3300 SGD 36
10Y EBITDA Exit 0.2900 SGD 0.3800 SGD 0.4800 SGD 37
10Y P/E Exit 0.2300 SGD 0.2700 SGD 0.3100 SGD 35
Earnings-Based
Graham-Dodd 0.0600 SGD 0.1300 SGD 0.1600 SGD 54
EPV 0.1000 SGD 0.1100 SGD 0.1200 SGD 59
Dividend Discount
Gordon GGM 0.1000 SGD 0.1300 SGD 0.1500 SGD 70
DDM Multi-Stage 0.1000 SGD 0.1300 SGD 0.1500 SGD 61
Multiples
P/E Multiple 0.1200 SGD 0.1600 SGD 0.2000 SGD 63
P/S Multiple 0.1200 SGD 0.1600 SGD 0.2000 SGD 58
P/B Multiple 0.1200 SGD 0.1600 SGD 0.2000 SGD 55
EV/EBIT 0.2000 SGD 0.2500 SGD 0.3000 SGD 53
EV/EBITDA 0.4000 SGD 0.5200 SGD 0.6300 SGD 54
EV/Revenue 0.1800 SGD 0.2300 SGD 0.2900 SGD 43
Asset-Based
NCAV (Graham) 0.1600 SGD 0.2200 SGD 0.3300 SGD 50
Growth DCF
Growth DCF 0.2600 SGD 0.3100 SGD 0.3700 SGD 80
Rev-Margin DCF 0.2100 SGD 0.2700 SGD 0.3300 SGD 74
Economic Profit
Residual Income 0.2200 SGD 0.2100 SGD 0.1500 SGD 76
ROIC Compounder 0.1000 SGD 0.1100 SGD 0.1200 SGD 72
Growth Earnings
Growth-Adj P/E 0.0900 SGD 0.1300 SGD 0.1700 SGD 68

Widest divergence: DCF Models (0.2700 SGD) versus Earnings-Based (0.1100 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 311M SGD
Revenue growth (YoY) -2.3%
Net margin 1.4%
Return on equity 2.7%
Free cash flow 11.9M SGD FY2025
P/E ratio 20.0
More key figures
Operating margin 2.6%
EPS (TTM) 0.0100 SGD
Dividend yield 4.4%
EPS growth (YoY) -56.4%
Net debt 22.5M SGD FY2019

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 39

Profitability 38
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 11
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

New Toyo International Holdings Ltd, an investment holding company, produces and sells specialty packaging materials in Singapore, Hong Kong, Vietnam, Indonesia, Malaysia Dubai, and China. It operates through Specialty Papers, Printed Cartons and Labels, Trading, and Food and Beverages segments.

Full company description

New Toyo International Holdings Ltd, an investment holding company, produces and sells specialty packaging materials in Singapore, Hong Kong, Vietnam, Indonesia, Malaysia Dubai, and China. It operates through Specialty Papers, Printed Cartons and Labels, Trading, and Food and Beverages segments. The company offers specialty paper products, including laminated aluminium foil paper, coated paper, laminated metalised polyethylene teraphthalate board, and paper core and paper cone products for food and beverage, wine, liquor, tissue box, cosmetics packaging, cigarette boxes, and textile and paper applications. It also provides gravure and offset printed materials, as well as lithography/offset for tobacco packaging, including cigarette packs, and fast moving consumer product packaging; and manufactures corrugated recycled cartons and sheets for general packaging in fast moving consumer goods segments, such as tobacco, food and beverage, as well as other consumer industries such as electronics, electrical appliances, and furniture sectors. In addition, the company is involved in sale of raw materials, paper products, and equipment and tissue paper related products; and operation and management of restaurants. New Toyo International Holdings Ltd was founded in 1975 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NEW TOYO INT HLDGS LTD reported revenue of 311M SGD in FY2025 versus 234M SGD in FY2021, a compound +7.3%/yr. Reported net income was 4.2M SGD in FY2025, compounding −15.3%/yr from FY2021.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
311M SGD
Latest YoY
−2.1%
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.
+2.8%
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.
+5.1%
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.
+0.8%
Revenue +7.3%/yr
FY21 234M SGD
FY22 286M SGD
FY23 306M SGD
FY24 318M SGD
FY25 311M SGD
Net income −15.3%/yr
FY21 8.1M SGD
FY22 10.0M SGD
FY23 12.8M SGD
FY24 9.3M SGD
FY25 4.2M SGD

N08 screens 20% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "NEW TOYO INT HLDGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/N08

Peer Group

Packaging & Containers · 272 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 59 · Above median
Fair Value upside −20% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 4.4% · Above median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 20.0× · Pricier than median
P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 0.23× · Cheaper than 75% of peers
P/FCF 5.9× · Pricier than median
EV/EBITDA 2.2× · 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 7 · sector 9
FUTURE 0 · sector 0
PAST 11 · sector 21
HEALTH 100 · sector 93
DIVIDEND 88 · sector 48

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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SCG Packaging Public Company SCGP 31.00 THB 16.12 THB -48%
AblePrint Technology Co 7734 3,350 TWD 675.50 TWD -80%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,193 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 134.00 TWD 127.06 TWD -5%
Time Technoplast Limited TIMETECHNO ₹208.56 ₹161.42 -23%
EPL Limited 500135 ₹247.30 ₹111.65 -55%
Polyplex Corporation 524051 ₹1,211 ₹924.62 -24%
Dongwon Systems Corporation 014820 21,650 KRW 31,473 KRW +45%

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Frequently asked questions

Is NEW TOYO INT HLDGS LTD (N08) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.1600 SGD versus a price of 0.2000 SGD, about −20% (overvalued).
What is the fair value of N08?
Our model-based fair value for NEW TOYO INT HLDGS LTD is 0.1600 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2000 SGD.
What is the quality score of N08?
NEW TOYO INT HLDGS LTD has a Quality Score of 59/100. 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 NEW TOYO INT HLDGS LTD (N08)?
NEW TOYO INT HLDGS LTD reported trailing-twelve-month revenue of about 311M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of N08?
The net profit margin of NEW TOYO INT HLDGS LTD is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does NEW TOYO INT HLDGS LTD pay a dividend?
NEW TOYO INT HLDGS LTD currently shows a dividend yield of about 4.39% 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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