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Avarga Limited (X5N) Fair Value & Analysis

Industrials · SG · Market cap 280M SGD

AL Avarga Limited X5N · SG
Price2.70 SGD
Fair Value2.64 SGD
Upside-2.2%
Quality73/100
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Evidence: Medium Range 1.98 SGD – 3.30 SGD

Fair value as of: Jul 4, 2026

From 22 valuation models · updated yesterday

Share price +1.1% over the past month.

Price vs Fair Value (12 months)

2.73 SGD 1.75 SGD Fair Value 2.64 SGD Jul 2025 Jul 2026

12‑month range 1.75 SGD – 2.73 SGD · fair‑value band 1.98 SGD – 3.30 SGD · the 2.70 SGD price screens above the 2.64 SGD fair value. As of Jul 4, 2026.

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Analysis

Avarga Limited (X5N) currently trades at 2.70 SGD, while our model-based Fair Value estimate is 2.64 SGD — implying the stock looks roughly 2.2% overvalued today. We read business quality at 73/100 (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, Avarga Limited generated revenue of 1.5B SGD at a net margin of 0.9%. Revenue declined 5.2% year over year. It earns a return on equity of 0.9%. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 1.5B SGD
Revenue growth (YoY) -5.2%
Net margin 0.9%
Return on equity 0.9%
Free cash flow 30.1M SGD FY2025
Operating margin 3.5%
More key figures
EPS (TTM) -0.0400 SGD
EPS growth (YoY) +144%

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

About the company

Avarga Limited, an investment holding company, engages in the portfolio investment business in Canada, and the United States. The company operates in two segments: Portfolio Investment and Building Materials Distribution. It distributes building materials, such as lumber, panels, mouldings, sidings, engineered wood, flooring, roofing, insulation, and other products to the supply yards, building product retailers, and industrial manufacturers. The company also engages in investment activities, as well as provides management services. It exports its products to Pacific Rim countries, Central and South America, the Middle East, and Europe. The company was formerly known as UPP Holdings Limited and changed its name to Avarga Limited in April 2018. Avarga Limited was incorporated in 1967 and is headquartered in Singapore. Avarga Limited operates as a subsidiary of ZICO Trust (S) Ltd.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Avarga Limited reported revenue of 1.5B SGD in FY2025 versus 2.4B SGD in FY2021, a compound −11.1%/yr. Reported net income was 13.1M SGD in FY2025, compounding −35.0%/yr from FY2021.

Revenue −11.1%/yr
FY21 2.4B SGD
FY22 2.4B SGD
FY23 1.7B SGD
FY24 1.6B SGD
FY25 1.5B SGD
Net income −35.0%/yr
FY21 73.3M SGD
FY22 50.9M SGD
FY23 10.9M SGD
FY24 23.6M SGD
FY25 13.1M SGD

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Frequently asked questions

Is Avarga Limited (X5N) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 2.64 SGD versus a price of 2.70 SGD — about −2% (overvalued). Model-based estimate, not financial advice.
What is the fair value of X5N?
Our model-based fair value for Avarga Limited is 2.64 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 2.70 SGD.
What is the quality score of X5N?
Avarga Limited has a Quality Score of 73/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Avarga Limited (X5N)?
Avarga Limited reported trailing-twelve-month revenue of about 1.5B SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of X5N?
The net profit margin of Avarga Limited is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. 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.