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Accrelist Ltd (QZG) Fair Value & Analysis

Healthcare · SG · Market cap 20.9M SGD

AL Accrelist Ltd QZG · SG
Price0.0650 SGD
Fair Value0.0358 SGD
Upside-45.0%
Quality66/100
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Evidence: Medium Range 0.0293 SGD – 0.0358 SGD

Fair value as of: Jul 4, 2026

From 8 valuation models · updated today

Share price +16.1% over the past month.

Price vs Fair Value (12 months)

0.0660 SGD 0.0310 SGD Fair Value 0.0358 SGD Jul 2025 Jul 2026

12‑month range 0.0310 SGD – 0.0660 SGD · fair‑value band 0.0293 SGD – 0.0358 SGD · the 0.0650 SGD price screens above the 0.0358 SGD fair value. As of Jul 4, 2026.

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Analysis

Accrelist Ltd (QZG) currently trades at 0.0650 SGD, while our model-based Fair Value estimate is 0.0358 SGD — implying the stock looks roughly 45.0% overvalued today. We read business quality at 66/100 (solid quality), in the Healthcare 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, Accrelist Ltd generated revenue of 15.6M SGD at a net margin of -1.7%. Revenue grew 27.8% year over year. It earns a return on equity of -10.4%. Net debt stands at 3.6M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 15.6M SGD
Revenue growth (YoY) +27.8%
Net margin -1.7%
Return on equity -10.4%
Free cash flow 307K SGD FY2026
Operating margin -21.5%
More key figures
EPS growth (YoY) +637%
Net debt 3.6M SGD FY2022

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

About the company

Accrelist Ltd., an investment holding company, engages in the medical aesthetics business in Singapore, Malaysia, and Indonesia. It operates through three segments: Mechanical Business Unit (MBU), Aesthetic Medical Services (AMS), and Others segment. The MBU segment offers mould design and fabrication services for consumer electronics, household appliances, automotive, and computer peripherals, as well as precision plastic injection moulding services for customers' finished products. Its AMS segment offers aesthetic services and solutions, including cosmetic dermatology and skin laser services. The company is also involved in the operation of aesthetic medical clinics; retail sale of pharmaceutical and medical goods; and development and distribution of original design manufacturer (ODM) clinical skincare products and other non-ODM products. The company was formerly known as WE Holdings Ltd. and changed its name to Accrelist Ltd. in November 2016. Accrelist Ltd. was founded in 1986 …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Accrelist Ltd reported revenue of 15.6M SGD in FY2026 versus 241M SGD in FY2022, a compound −49.5%/yr. Reported net income was −264K SGD in FY2026.

Revenue −49.5%/yr
FY22 241M SGD
FY23 36.5M SGD
FY24 13.4M SGD
FY25 14.0M SGD
FY26 15.6M SGD
Net income
FY22 −12.7M SGD
FY23 −5.4M SGD
FY24 −2.3M SGD
FY25 −4.7M SGD
FY26 −264K SGD

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Frequently asked questions

Is Accrelist Ltd (QZG) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.0358 SGD versus a price of 0.0650 SGD — about −45% (overvalued). Model-based estimate, not financial advice.
What is the fair value of QZG?
Our model-based fair value for Accrelist Ltd is 0.0358 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.0650 SGD.
What is the quality score of QZG?
Accrelist Ltd has a Quality Score of 66/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Accrelist Ltd (QZG)?
Accrelist Ltd reported trailing-twelve-month revenue of about 15.6M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of QZG?
The net profit margin of Accrelist Ltd is about -1.7%, meaning it is currently running at a net loss. 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.

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