Ever Glory United Holdings Ltd. (ZKX) Fair Value & Analysis
Industrials · SG · Market cap 392M SGD
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 5 days ago
Share price +5.7% over the past month.
A solid business, but screening 44% overvalued on our models.
What matters now
- The model range is unusually wide (0.3300 SGD to 1.11 SGD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (3 years)
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
39‑month range 0.0582 SGD – 914,166 SGD · fair‑value band 0.3300 SGD – 1.11 SGD · the 0.8400 SGD price screens above the 0.4700 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ever Glory United Holdings Ltd. (ZKX) currently trades at 0.8400 SGD, while our model-based Fair Value estimate is 0.4700 SGD, implying the stock looks roughly 44.1% overvalued today. The Quality Score stands at 54/100 (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: high).
Over the trailing twelve months, Ever Glory United Holdings Ltd. generated revenue of 107M SGD at a net margin of 15.5%. Revenue grew 83.7% year over year. It earns a return on equity of 45.0%. Net debt stands at 10.2M SGD. Fundamentals as of Aug 13, 2026
Our scenario range runs from 0.3300 SGD (bear case) to 1.11 SGD (bull case); at 0.8400 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 47% below its 52-week high and 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -44%, ZKX screens richer 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.
All 24 models by family
Widest divergence: Growth Earnings (1.85 SGD) versus Asset-Based (0.0700 SGD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 68
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
Ever Glory United Holdings Limited, an investment holding company, provides mechanical and electrical engineering services for public and private sectors in Singapore.
Full company description
Ever Glory United Holdings Limited, an investment holding company, provides mechanical and electrical engineering services for public and private sectors in Singapore. The company engages in the design and build, supply, installation, testing, and commissioning of centralized air-conditioning systems for commercial, institutional, and industrial buildings; supply and installation of split or multi-split type and variable refrigerant volume type air-conditioning systems for residential and commercial buildings; supply and installation of mechanical ventilation systems for car parks, plant rooms, corridors, and staircases of residential and commercial buildings; and supply, installation, testing, and commissioning of building management systems for residential and commercial buildings. It is also involved in the supply and installation of electrical engineering systems for buildings; supply, installation, testing, and commissioning of high-voltage switchgears, transformers, main switchboards and distribution boards, generators, underground piping works, and submain cables, including cable supporting systems; and final circuit wiring for lighting and power, extra-low voltage systems, light fittings, fans, uninterruptible power supply, earthing systems, and lightning protection systems. In addition, the company designs, supplies, and installs water supply, sanitary and drainage systems, gas supply systems, and rainwater drainage systems for buildings; and fire protection systems for buildings. Furthermore, it invests in and develops real estate properties. Ever Glory United Holdings Limited was incorporated in 2021 and is based in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ever Glory United Holdings Ltd. reported revenue of 116M SGD in FY2025 versus 18.8M SGD in FY2021, a compound +57.8%/yr. Reported net income was 20.1M SGD in FY2025, compounding +140.1%/yr from FY2021.
ZKX screens 44% overvalued. Compare with Larsen & Toubro Limited →
Peer Group
Engineering & Construction · 834 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹4,020 | ₹1,994 | -50% |
| Samsung C&T Corporation 028260 | 357,500 KRW | 261,411 KRW | -27% |
| Hyundai Engineering & Construction Co 000720 | 113,700 KRW | 61,453 KRW | -46% |
| Samsung E&A Co 028050 | 49,300 KRW | 43,624 KRW | -12% |
| Rail Vikas Nigam Limited RVNL | ₹228.50 | ₹48.92 | -79% |
| Daewoo Engineering & Construction Co 047040 | 18,400 KRW | 6,507 KRW | -65% |
| KEPCO Engineering & Construction Company 052690 | 99,800 KRW | 19,346 KRW | -81% |
| GS Engineering & Construction Corporation 006360 | 35,200 KRW | 23,135 KRW | -34% |
| DL E&C Co 375500 | 73,500 KRW | 148,433 KRW | +102% |
| KEPCO Plant Service & Engineering Co 051600 | 46,350 KRW | 43,924 KRW | -5% |
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Frequently asked questions
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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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