Infinity Development Holdings Co Ltd (ZBA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Infinity Development Holdings Co Ltd S$0.74, price S$0.39, upside +92.2%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 3, 2026.
How to read this chart
10‑month range 0.3591 SGD – 0.4605 SGD · fair‑value band 0.5259 SGD – 1.03 SGD · the 0.3850 SGD price screens below the 0.7398 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 3, 2026.
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Infinity Development Holdings Company Limited, an investment holding company, manufactures and sells adhesives, primers, hardeners, and other adhesive related products mainly used by footwear manufacturers. It also engages in provision of administrative support services, as well as acts as the distribution agent for chemical products.
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Infinity Development Holdings Company Limited, an investment holding company, manufactures and sells adhesives, primers, hardeners, and other adhesive related products mainly used by footwear manufacturers. It also engages in provision of administrative support services, as well as acts as the distribution agent for chemical products. In addition, the company offers OEM service to chemical companies. It operates in the People's Republic of China, Vietnam, Indonesia, India, and Bangladesh. The company was formerly known as Infinity Chemical Holdings Company Limited and changed its name to Infinity Development Holdings Company Limited in February 2016. Infinity Development Holdings Company Limited was founded in 1987 and is headquartered in Macau. Infinity Development Holdings Company Limited operates as a subsidiary of All Reach Investments Limited.
Stock analysis
Infinity Development Holdings Co Ltd (ZBA) currently trades at 0.3850 SGD, while our model-based Fair Value estimate is 0.7398 SGD, implying the stock looks roughly 48.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1.01 SGD per share, and 23 of the 24 models we run sit above the 0.3850 SGD price.
Bear case: the Asset-Based group reads lowest at 0.2200 SGD, and 1 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.5259 SGD (bear) to 1.03 SGD (bull), the price of 0.3850 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 77/100 (high quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Infinity Development Holdings Co Ltd reported revenue of HK$835M in FY2025 versus HK$862M in FY2022, a compound −1.1%/yr. Reported net income was HK$122M in FY2025, compounding +6.4%/yr from FY2022.
Key figures
Market cap 108M SGD (≈ $84.8M) · P/E ratio 6.4 · P/S ratio 0.94 · EPS (TTM) 0.0600 SGD · Net margin 14.6% · Return on equity 17.6% · Return on assets (EBIT) 12.8% · Operating margin 14.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 92%, ZBA screens cheaper than that median.
Fair Value models
Bear 0.5259 SGDFair Value 0.7398 SGDBull 1.03 SGD
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+13.4%
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.
−1.1%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+41.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+41.7%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘ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.9% → 16%
2025 sits 143% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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).
−14.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in HKD, Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about −15.8% a year for the price.
Compare Infinity Development Holdings Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Specialty Chemicals · 679 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside+92.2% · Top 25%
Profitability
Return on equity (TTM)17.6% · Top 25%
Return on assets9.4% · Top 25%
Net margin (TTM)13.8% · Top 25%
Operating margin (TTM)14.5% · Above median
Growth and dividend
Revenue growth−1.9% · Bottom 25%
Dividend yield (TTM)44.4% · Top 25%
Valuation Multiplesvs Specialty Chemicals 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). "Infinity Development Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ZBA
Frequently asked questions
Is Infinity Development Holdings Co Ltd (ZBA) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 0.7398 SGD versus a price of 0.3850 SGD, about +92% upside (undervalued).
What is the fair value of ZBA?
Our model-based fair value for Infinity Development Holdings Co Ltd is 0.7398 SGD (as of Oct 3, 2026), built from audited fundamentals. The current price: 0.3850 SGD.
What is the quality score of ZBA?
Infinity Development Holdings Co Ltd has a Quality Score of 77/100. 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 Infinity Development Holdings Co Ltd (ZBA)?
Our model-based price target is the fair value of 0.7398 SGD (as of Oct 3, 2026) from 24 valuation models. Cautious scenario 0.5259 SGD, optimistic scenario 1.03 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the Infinity Development Holdings Co Ltd stock forecast for 2026?
Our models put fair value at 0.7398 SGD, about +92% upside versus a price of 0.3850 SGD (undervalued). Cautious scenario 0.5259 SGD, optimistic scenario 1.03 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of Infinity Development Holdings Co Ltd (ZBA)?
Infinity Development Holdings Co Ltd reported trailing-twelve-month revenue of about HK$827M (latest available figure, as of Oct 3, 2026).
What growth is priced into Infinity Development Holdings Co Ltd (ZBA)?
For today's price to be fair in a discounted-cash-flow model, Infinity Development Holdings Co Ltd would have to grow free cash flow by -14.0 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -1.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of ZBA use?
Our models discount Infinity Development Holdings Co Ltd at 11.0 %: a base by market capitalisation (micro), damped by beta 0.19, 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 Infinity Development Holdings Co Ltd that is -14.0 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Infinity Development Holdings Co Ltd (ZBA) delivered so far?
Over the past 3 years revenue at Infinity Development Holdings Co Ltd grew -1.1 % a year. The price currently implies -14.0 % 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 Infinity Development Holdings Co Ltd (ZBA) growing?
The median revenue growth in the sector is +15.1 % a year. That is the yardstick for the growth priced into Infinity Development Holdings Co Ltd (-14.0 % 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 Infinity Development Holdings Co Ltd (ZBA)?
The free-cash-flow yield on the price is 11.51 %: that much free cash flow Infinity Development Holdings Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Infinity Development Holdings Co Ltd (ZBA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Infinity Development Holdings Co Ltd it is 0.7398 SGD per share (as of Oct 3, 2026), against a price of 0.3850 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Infinity Development Holdings Co Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, ZBA trades below its calculated fair value: price 0.3850 SGD, fair value 0.7398 SGD, a gap of about +92% (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 ZBA?
No. The price is what the market pays today (0.3850 SGD); the fair value is what the company's own numbers justify (0.7398 SGD). For Infinity Development Holdings Co Ltd the two are 0.3548 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is Infinity Development Holdings Co Ltd worth?
The market values Infinity Development Holdings Co Ltd at about 108M SGD (market capitalisation, as of Oct 3, 2026). Per share that is 0.3850 SGD; our models calculate a fair value of 0.7398 SGD per share.
What do the bullish and bearish scenarios say about ZBA?
Our models span a range for Infinity Development Holdings Co Ltd: cautious scenario 0.5259 SGD, base 0.7398 SGD, optimistic 1.03 SGD per share (as of Oct 3, 2026, price 0.3850 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZBA?
Infinity Development Holdings Co Ltd trades at a price-to-earnings ratio of 6.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.7398 SGD is built from several models across several years. Other multiples: P/B 1.2, P/S 0.9, EV/EBITDA 3.3.
How solid is the balance sheet of Infinity Development Holdings Co Ltd (ZBA)?
Balance-sheet figures for Infinity Development Holdings Co Ltd (as of Oct 3, 2026): return on equity 17.6%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
Which stocks are comparable to Infinity Development Holdings Co Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Infinity Development Holdings Co Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 0.3850 SGD, calculated fair value 0.7398 SGD (+92%), Quality Score 77/100, from 24 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 ZBA calculated?
We run Infinity Development Holdings Co Ltd through 24 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 0.7398 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 14.5 % above its aggregate fair value. Infinity Development Holdings Co Ltd currently trades 48 % 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 Infinity Development Holdings Co Ltd (ZBA)?
The closing price on Oct 1, 2026 was 0.3850 SGD. Our model-based fair value is 0.7398 SGD, about +92% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Infinity Development Holdings Co Ltd right now?
The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (0.5259 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. A fairly wide model range (0.5259 SGD to 1.03 SGD) leaves room in how you read the outcome.
Key figures of Infinity Development Holdings Co Ltd
How large is the market capitalisation of Infinity Development Holdings Co Ltd (ZBA)?
The market capitalisation of Infinity Development Holdings Co Ltd is 108M SGD (≈ $84.8M). 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 Infinity Development Holdings Co Ltd (ZBA)?
The price-to-sales ratio of Infinity Development Holdings Co Ltd is 0.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Infinity Development Holdings Co Ltd (ZBA)?
Earnings per share at Infinity Development Holdings Co Ltd are 0.0600 SGD (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Infinity Development Holdings Co Ltd (ZBA)?
The net margin of Infinity Development Holdings Co Ltd is 14.6% (fiscal year 2025). 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 Infinity Development Holdings Co Ltd (ZBA)?
The return on equity (ROE) of Infinity Development Holdings Co Ltd is 17.6% (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 Infinity Development Holdings Co Ltd (ZBA)?
On an EBIT basis the return on assets of Infinity Development Holdings Co Ltd is 12.8% (avg 4y). 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 Infinity Development Holdings Co Ltd (ZBA)?
The operating margin of Infinity Development Holdings Co Ltd is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Infinity Development Holdings Co Ltd (ZBA)?
Revenue at Infinity Development Holdings Co Ltd is growing −1.9% versus a year earlier (3y avg −1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Infinity Development Holdings Co Ltd (ZBA)?
Earnings per share at Infinity Development Holdings Co Ltd are growing −20.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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