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Ever Glory United Holdings (ZKX) Fair Value & Analysis

Industrials · SG · Market cap 392M SGD

EG Ever Glory United Holdings ZKX · SG
Price0.7850 SGD
Fair Value0.4800 SGD
Upside-38.9%
Quality59/100
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Evidence: High Range 0.3300 SGD – 1.11 SGD

Fair value as of: Jul 4, 2026

From 24 valuation models · updated yesterday

Share price −5.4% over the past month.

Price vs Fair Value (12 months)

1.57 SGD 0.3752 SGD Fair Value 0.4800 SGD Jul 2025 Jul 2026

12‑month range 0.3752 SGD – 1.57 SGD · fair‑value band 0.3300 SGD – 1.11 SGD · the 0.7850 SGD price screens above the 0.4800 SGD fair value. As of Jul 4, 2026.

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Analysis

Ever Glory United Holdings (ZKX) currently trades at 0.7850 SGD, while our model-based Fair Value estimate is 0.4800 SGD — implying the stock looks roughly 38.9% overvalued today. We read business quality at 59/100 (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 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 Jul 4, 2026

Key figures & financial health

Revenue (TTM) 107M SGD
Revenue growth (YoY) +83.7%
Net margin 15.5%
Return on equity 45.0%
Free cash flow 10.3M SGD FY2025
P/E ratio 19.6
More key figures
Operating margin 10.2%
EPS (TTM) 0.0400 SGD
Dividend yield 1.0%
EPS growth (YoY) +247%
Net debt 10.2M SGD FY2025

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

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. 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 …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ever Glory United Holdings 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.

Revenue +57.8%/yr
FY21 18.8M SGD
FY22 28.0M SGD
FY23 47.5M SGD
FY24 74.7M SGD
FY25 116M SGD
Net income +140.1%/yr
FY21 605K SGD
FY22 1.8M SGD
FY23 6.8M SGD
FY24 9.0M SGD
FY25 20.1M SGD

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Similar stocks

6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

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Larsen & Toubro Limited LTOD $42.70 $34.33 -20%
Samsung C&T Corporation 028260 460,500 KRW 206,212 KRW -55%
China State Construction Engineering Corporation 601668 ¥4.72 ¥16.90 +258%
TopBuild Corp BLD 7,547 MXN 4,541 MXN -40%
Hyundai Engineering & Construction Co 000720 127,800 KRW 55,602 KRW -56%
United Integrated Services Co 2404 1,195 TWD 1,681 TWD +41%

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Frequently asked questions

Is Ever Glory United Holdings (ZKX) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.4800 SGD versus a price of 0.7850 SGD — about −39% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ZKX?
Our model-based fair value for Ever Glory United Holdings is 0.4800 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.7850 SGD.
What is the quality score of ZKX?
Ever Glory United Holdings has a Quality Score of 59/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ever Glory United Holdings (ZKX)?
Ever Glory United Holdings reported trailing-twelve-month revenue of about 107M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of ZKX?
The net profit margin of Ever Glory United Holdings is about 15.5%, meaning it keeps roughly 15.5% of revenue as net income. Based on the latest reported figures.
Does Ever Glory United Holdings pay a dividend?
Ever Glory United Holdings currently shows a dividend yield of about 1.03% relative to its recent price (as of Jul 4, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.