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VALUEMAX GROUP LIMITED (T6I) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 881M SGD

VG VALUEMAX GROUP LIMITED T6I · SG
Price0.9450 SGD
Fair Value1.31 SGD
Upside+38.6%
Quality33/100
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Expensive Growth
Solidly profitable · 18.5% net margin
Low debt · negative free cash flow
4.48% dividend yield
Ranks above peers (10/13)
Wide moat 67/100
Evidence: High Range 0.7600 SGD – 2.33 SGD Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 5 days ago

Share price +1.1% over the past month.

Below-average quality, screening 39% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (0.7600 SGD to 2.33 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

1.31 SGD 0.2357 SGD Fair Value 1.31 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 0.2357 SGD – 1.31 SGD · fair‑value band 0.7600 SGD – 2.33 SGD · the 0.9450 SGD price screens below the 1.31 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

VALUEMAX GROUP LIMITED (T6I) currently trades at 0.9450 SGD, while our model-based Fair Value estimate is 1.31 SGD, implying the stock looks roughly 38.6% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical 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: high), always confirm before acting.

Over the trailing twelve months, VALUEMAX GROUP LIMITED generated revenue of 553M SGD at a net margin of 18.5%. Revenue grew 25.8% year over year. It earns a return on equity of 18.3%. Net debt stands at 867M SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.7600 SGD (bear case) to 2.33 SGD (bull case); at 0.9450 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 28% below its 52-week high and 72% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at 39%, T6I 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 0.6300 SGD 0.8100 SGD 2.03 SGD 76
ROIC Compounder 0.9300 SGD 1.23 SGD 1.61 SGD 72
Growth-Adj P/E 1.63 SGD 2.33 SGD 3.03 SGD 68
All 15 models by family
DCF Models
Owner Earnings 1.21 SGD 2.19 SGD 3.78 SGD 31
Earnings-Based
Graham-Dodd 0.7300 SGD 3.92 SGD 5.43 SGD 54
Lynch FV 1.08 SGD 1.54 SGD 2.01 SGD 50
PEG = 1.0 1.08 SGD 1.54 SGD 2.01 SGD 46
EPV 0.8500 SGD 0.9700 SGD 1.07 SGD 59
Multiples
P/E Multiple 1.78 SGD 2.37 SGD 2.96 SGD 63
P/S Multiple 0.5300 SGD 0.7000 SGD 0.8800 SGD 58
P/B Multiple 1.37 SGD 1.83 SGD 2.29 SGD 55
EV/EBIT 1.63 SGD 2.18 SGD 2.74 SGD 53
EV/EBITDA 1.15 SGD 1.54 SGD 1.94 SGD 54
EV/Revenue 0.4500 SGD 0.6600 SGD 0.8700 SGD 43
Asset-Based
NCAV (Graham) 0.3200 SGD 0.4300 SGD 0.6400 SGD 50
Economic Profit
Residual Income 0.6300 SGD 0.8100 SGD 2.03 SGD 76
ROIC Compounder 0.9300 SGD 1.23 SGD 1.61 SGD 72
Growth Earnings
Growth-Adj P/E 1.63 SGD 2.33 SGD 3.03 SGD 68

Widest divergence: Growth Earnings (2.33 SGD) versus Asset-Based (0.4300 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 553M SGD
Revenue growth (YoY) +25.8%
Net margin 18.5%
Return on equity 18.3%
Free cash flow −171M SGD FY2025
P/E ratio 8.6
More key figures
Operating margin 21.5%
EPS (TTM) 0.1100 SGD
Dividend yield 4.5%
EPS growth (YoY) +13.9%
Net debt 867M SGD FY2025

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 30 · Market factors (momentum, volatility) 50

Profitability 45
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 0
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

ValueMax Group Limited, an investment holding company, engages in the pawnbroking, moneylending, jewelry and watches retailing, and gold trading businesses primarily in Singapore. It operates through four segments: Pawnbroking, Retail and Trading of Jewelry and Gold, Moneylending, and Other Operations.

Full company description

ValueMax Group Limited, an investment holding company, engages in the pawnbroking, moneylending, jewelry and watches retailing, and gold trading businesses primarily in Singapore. It operates through four segments: Pawnbroking, Retail and Trading of Jewelry and Gold, Moneylending, and Other Operations. It offers pawn broking services through pledging jewelry in yellow or white gold, diamond jewelry, and branded timepieces, as well as gold, platinum, or silver bars and coins. The company also provides secured and unsecured term loans for businessmen and corporates; and hire purchase and floor stock financing services for automotive industry. In addition, it sells new and pre-owned jewelry, such as gold and diamond jewelry, gold bars and coins, branded watches, and Hermès bags through its outlets; purchases scrap gold from other pawnbrokers and jewelry traders; and sells fine gold bars to jewelry factories, wholesalers, and retailers. The company operates pawn and retail outlets in Singapore and Malaysia. Further, it is involved in the provision of management services. The company was founded in 1988 and is based in Singapore. ValueMax Group Limited is a subsidiary of Yeah Holdings Pte. Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VALUEMAX GROUP LIMITED reported revenue of 553M SGD in FY2025 versus 276M SGD in FY2021, a compound +19.0%/yr. Reported net income was 102M SGD in FY2025, compounding +25.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
553M SGD
Latest YoY
+21.3%
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.
+24.4%
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.
+14.9%
Avg. growth/yr (10Y) 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.
+7.4%
Revenue +19.0%/yr
FY21 276M SGD
FY22 287M SGD
FY23 331M SGD
FY24 456M SGD
FY25 553M SGD
Net income +25.2%/yr
FY21 41.5M SGD
FY22 44.4M SGD
FY23 52.9M SGD
FY24 82.8M SGD
FY25 102M SGD

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Cite: Fair Value Calculator (2026). "VALUEMAX GROUP LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/T6I

Peer Group

Luxury Goods · 137 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 33 · Bottom 25%
Fair Value upside +39% · Top 25%
Return on equity (TTM) 18% · Above median
Return on assets 5% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 26% · Above median
Dividend yield (TTM) 4.5% · Top 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Luxury Goods median · lower = cheaper

P/E (TTM) 8.6× · Cheaper than 75% of peers
P/B 1.14× · Cheaper than median
P/S (TTM) 1.25× · Pricier than median
EV/EBITDA 6.1× · Cheaper 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 85 · sector 14
FUTURE 100 · sector 35
PAST 73 · sector 40
HEALTH 95 · sector 99
DIVIDEND 90 · sector 44

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

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 193.70 CHF 119.08 -39%
Christian Dior SE DIO €423.60 €1,095 +159%
Kering SA KER €270.60 €56.23 -79%
Tapestry, Inc TPR $153.74 $19.95 -87%
Chow Tai Fook Jewellery Group 1929 HK$12.31 HK$11.51 -6%
The Swatch Group UHRN CHF 37.90 CHF 21.48 -43%
Prada S.p.A 1913 HK$42.22 HK$64.07 +52%
Pandora A/S PNDORA kr 771.40 kr 1,424 +85%
Laopu Gold Co 6181 HK$359.20 HK$544.05 +51%
Kalyan Jewellers India Limited KALYANKJIL ₹596.70 ₹238.57 -60%

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Frequently asked questions

Is VALUEMAX GROUP LIMITED (T6I) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.31 SGD versus a price of 0.9450 SGD, about +39% (undervalued).
What is the fair value of T6I?
Our model-based fair value for VALUEMAX GROUP LIMITED is 1.31 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.9450 SGD.
What is the quality score of T6I?
VALUEMAX GROUP LIMITED has a Quality Score of 33/100. 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 VALUEMAX GROUP LIMITED (T6I)?
VALUEMAX GROUP LIMITED reported trailing-twelve-month revenue of about 553M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of T6I?
The net profit margin of VALUEMAX GROUP LIMITED is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does VALUEMAX GROUP LIMITED pay a dividend?
VALUEMAX GROUP LIMITED currently shows a dividend yield of about 4.48% 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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