AMCORP GLOBAL LIMITED (S9B) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of AMCORP GLOBAL LIMITED S$0.25, price S$0.10, upside +150.0%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch AMCORP GLOBAL LIMITED for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Amcorp Global Limited, an investment holding company, operates as a real estate developer in Singapore, Malaysia, and Vietnam. It undertakes residential, commercial, and industrial property development projects, as well as invests in real estate properties.
Show more
Amcorp Global Limited, an investment holding company, operates as a real estate developer in Singapore, Malaysia, and Vietnam. It undertakes residential, commercial, and industrial property development projects, as well as invests in real estate properties. The company was formerly known as TEE Land Limited and changed its name to Amcorp Global Limited in April 2020. The company was incorporated in 2012 and is based in Singapore. Amcorp Global Limited is a subsidiary of Amcorp Supreme Pte. Ltd.
Stock analysis
AMCORP GLOBAL LIMITED (S9B) currently trades at 0.1000 SGD, while our model-based Fair Value estimate is 0.2500 SGD, implying the stock looks roughly 60.0% undervalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 0.6800 SGD per share, and 5 of the 6 models we run sit above the 0.1000 SGD price.
Bear case: the Asset-Based group reads lowest at 0.1000 SGD, and 1 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2210 SGD (bear) to 0.2790 SGD (bull), the price of 0.1000 SGD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AMCORP GLOBAL LIMITED reported revenue of 6.4M SGD in FY2026 versus 42.2M SGD in FY2022, a compound −37.5%/yr. Reported net income was −1.0M SGD in FY2026.
Key figures
Market cap 44.7M SGD (≈ $35.0M) · P/S ratio 6.96 · Net margin −15.9% · Return on equity −1.7% · Return on assets (EBIT) −1.1% · Operating margin 0.4% · Revenue (TTM) 6.4M SGD · Revenue growth (YoY) +18.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 10% fair-value upside, at 150%, S9B screens cheaper than that median.
Fair Value models
Bear 0.2210 SGDFair Value 0.2500 SGDBull 0.2790 SGD
Price 0.1000 SGD · Upside +150.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+14.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−57.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−20.4%
Start year 2021 (pandemic). Over 10 years: −15.5% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−14.2%
’14
’15
’16
’17
’18
’19
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−31.8% (2021) → −18.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−36.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −37.3% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Real Estate - Development · 570 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets−0.2% · Below median
Net margin (TTM)−15.9% · Bottom 25%
Operating margin (TTM)0.4% · Below median
Growth and dividend
Revenue growth18.5% · Above median
Balance sheet
Debt / equity0.30× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AMCORP GLOBAL LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/S9B
Frequently asked questions
Is AMCORP GLOBAL LIMITED (S9B) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.2500 SGD versus a price of 0.1000 SGD, about +150% upside (undervalued).
What is the fair value of S9B?
Our model-based fair value for AMCORP GLOBAL LIMITED is 0.2500 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.1000 SGD.
What is the quality score of S9B?
AMCORP GLOBAL LIMITED has a Quality Score of 70/100. 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 price target for AMCORP GLOBAL LIMITED (S9B)?
Our model-based price target is the fair value of 0.2500 SGD (as of Sep 27, 2026) from 6 valuation models. Cautious scenario 0.2210 SGD, optimistic scenario 0.2790 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the AMCORP GLOBAL LIMITED stock forecast for 2026?
Our models put fair value at 0.2500 SGD, about +150% upside versus a price of 0.1000 SGD (undervalued). Cautious scenario 0.2210 SGD, optimistic scenario 0.2790 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of AMCORP GLOBAL LIMITED (S9B)?
AMCORP GLOBAL LIMITED reported trailing-twelve-month revenue of about 6.4M SGD (latest available figure, as of Sep 27, 2026).
What growth is priced into AMCORP GLOBAL LIMITED (S9B)?
For today's price to be fair in a discounted-cash-flow model, AMCORP GLOBAL LIMITED would have to grow free cash flow by -36.0 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -20.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of S9B use?
Our models discount AMCORP GLOBAL LIMITED at 8.3 %: a base by market capitalisation (nano), damped by beta 0.20, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AMCORP GLOBAL LIMITED that is -36.0 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has AMCORP GLOBAL LIMITED (S9B) delivered so far?
Over the past 5 years revenue at AMCORP GLOBAL LIMITED grew -20.4 % a year. The price currently implies -36.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AMCORP GLOBAL LIMITED (S9B) growing?
The median revenue growth in the sector is +2.3 % a year. That is the yardstick for the growth priced into AMCORP GLOBAL LIMITED (-36.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AMCORP GLOBAL LIMITED (S9B)?
The free-cash-flow yield on the price is 47.59 %: that much free cash flow AMCORP GLOBAL LIMITED produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AMCORP GLOBAL LIMITED (S9B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AMCORP GLOBAL LIMITED it is 0.2500 SGD per share (as of Sep 27, 2026), against a price of 0.1000 SGD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is AMCORP GLOBAL LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, S9B trades below its calculated fair value: price 0.1000 SGD, fair value 0.2500 SGD, a gap of about +150% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of S9B?
No. The price is what the market pays today (0.1000 SGD); the fair value is what the company's own numbers justify (0.2500 SGD). For AMCORP GLOBAL LIMITED the two are 0.1500 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is AMCORP GLOBAL LIMITED worth?
The market values AMCORP GLOBAL LIMITED at about 44.7M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.1000 SGD; our models calculate a fair value of 0.2500 SGD per share.
What do the bullish and bearish scenarios say about S9B?
Our models span a range for AMCORP GLOBAL LIMITED: cautious scenario 0.2210 SGD, base 0.2500 SGD, optimistic 0.2790 SGD per share (as of Sep 27, 2026, price 0.1000 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of AMCORP GLOBAL LIMITED (S9B)?
Balance-sheet figures for AMCORP GLOBAL LIMITED (as of Sep 27, 2026): return on equity −1.7%, debt of 0.30 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is S9B from its 52-week high?
AMCORP GLOBAL LIMITED trades at 0.1000 SGD, about 22% below its 52-week high of 0.1280 SGD and 37% above the low of 0.0730 SGD (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2500 SGD is for.
Which stocks are comparable to AMCORP GLOBAL LIMITED?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AMCORP GLOBAL LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.1000 SGD, calculated fair value 0.2500 SGD (+150%), Quality Score 70/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of S9B calculated?
We run AMCORP GLOBAL LIMITED through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.2500 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. AMCORP GLOBAL LIMITED currently trades 60 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AMCORP GLOBAL LIMITED (S9B)?
The closing price on Sep 28, 2026 was 0.1000 SGD. Our model-based fair value is 0.2500 SGD, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AMCORP GLOBAL LIMITED right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (0.2210 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of AMCORP GLOBAL LIMITED
How large is the market capitalisation of AMCORP GLOBAL LIMITED (S9B)?
The market capitalisation of AMCORP GLOBAL LIMITED is 44.7M SGD (≈ $35.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AMCORP GLOBAL LIMITED (S9B)?
The price-to-sales ratio of AMCORP GLOBAL LIMITED is 6.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of AMCORP GLOBAL LIMITED (S9B)?
The net margin of AMCORP GLOBAL LIMITED is −15.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AMCORP GLOBAL LIMITED (S9B)?
The return on equity (ROE) of AMCORP GLOBAL LIMITED is −1.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AMCORP GLOBAL LIMITED (S9B)?
On an EBIT basis the return on assets of AMCORP GLOBAL LIMITED is −1.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AMCORP GLOBAL LIMITED (S9B)?
The operating margin of AMCORP GLOBAL LIMITED is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AMCORP GLOBAL LIMITED (S9B)?
Revenue at AMCORP GLOBAL LIMITED is growing +18.5% versus a year earlier (3y avg −57.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does AMCORP GLOBAL LIMITED (S9B) carry?
The net debt of AMCORP GLOBAL LIMITED is 47.4M SGD (fiscal year 2024, ≈ 2.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch AMCORP GLOBAL LIMITED in the live analysis
One click puts AMCORP GLOBAL LIMITED on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
