Indigo Star Holdings (HKSE:08373) Enterprise Value: HK$-30.3 Mil (As of Aug. 19, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:08373 Indigo Star Holdings Ltd HKSE:08373
79 GF Score
Price HK$0.80
GF Value HK$1.12
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Indigo Star Holdings Enterprise Value?

Indigo Star Holdings HKSE:08373 79 Enterprise Value is HK$-30.3 Mil as of Aug. 19, 2026. GuruFocus rates HKSE:08373 with a GF Score™ of 79/100 and a GF Value™ of HK$1.12 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Indigo Star Holdings's Enterprise Value is HK$-30.3 Mil. Indigo Star Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$15.9 Mil. Therefore, Indigo Star Holdings's EV-to-EBIT ratio for today is -1.90.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Indigo Star Holdings's Enterprise Value is HK$-30.3 Mil. Indigo Star Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$15.9 Mil. Therefore, Indigo Star Holdings's EV-to-EBITDA ratio for today is -1.90.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Indigo Star Holdings's Enterprise Value is HK$-30.3 Mil. Indigo Star Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$496.2 Mil. Therefore, Indigo Star Holdings's EV-to-Revenue ratio for today is -0.06.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Indigo Star Holdings's Enterprise Value is HK$-30.3 Mil. Indigo Star Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$4.4 Mil. Therefore, Indigo Star Holdings's EV-to-OCF ratio for today is -6.93.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Indigo Star Holdings's Enterprise Value is HK$-30.3 Mil. Indigo Star Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$4.4 Mil. Therefore, Indigo Star Holdings's EV-to-FCF ratio for today is -6.93.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Indigo Star Holdings  (HKSE:08373) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Indigo Star Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=-30.258/15.9
=-1.90

Indigo Star Holdings's current Enterprise Value is HK$-30.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Indigo Star Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$15.9 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Indigo Star Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=-30.258/15.9
=-1.90

Indigo Star Holdings's current Enterprise Value is HK$-30.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Indigo Star Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$15.9 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Indigo Star Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=-30.258/496.182
=-0.06

Indigo Star Holdings's current Enterprise Value is HK$-30.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Indigo Star Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$496.2 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Indigo Star Holdings's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=-30.258/4.369
=-6.93

Indigo Star Holdings's current Enterprise Value is HK$-30.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Indigo Star Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$4.4 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Indigo Star Holdings's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=-30.258/4.369
=-6.93

Indigo Star Holdings's current Enterprise Value is HK$-30.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Indigo Star Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$4.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Indigo Star Holdings Enterprise Value Related Terms


Indigo Star Holdings Enterprise Value Historical Data

* Premium members only.

The historical data trend for Indigo Star Holdings's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indigo Star Holdings Enterprise Value Chart

Indigo Star Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.71 74.02 -18.04 -35.90 -34.83

Indigo Star Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.04 -10.85 -35.90 -40.14 -34.83

HKSE:08373 vs PWR, FIX, EME: Enterprise Value Comparison

For the Engineering & Construction subindustry, Indigo Star Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indigo Star Holdings Enterprise Value vs Construction Industry

For the Construction industry and Industrials sector, Indigo Star Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Indigo Star Holdings's Enterprise Value falls into.


HKSE:08373
79GF Score
Indigo Star Holdings Ltd HKSE:08373
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indigo Star Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Indigo Star Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Indigo Star Holdings's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of HK$-30.3 Mil mean?
Indigo Star Holdings (HKSE:08373) has a Enterprise Value of HK$-30.3 Mil as of Aug. 19, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Indigo Star Holdings and its competitors.
Is Indigo Star Holdings' Enterprise Value too high?
Indigo Star Holdings' current Enterprise Value is HK$-30.3 Mil. Overall, Indigo Star Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indigo Star Holdings' Enterprise Value compare to PWR and FIX?
Indigo Star Holdings' Enterprise Value of HK$-30.3 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Construction company?
A good Enterprise Value depends on the Construction industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Indigo Star Holdings and its competitors. Indigo Star Holdings's current Enterprise Value is HK$-30.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indigo Star Holdings stock overvalued right now?
Based on GuruFocus' analysis, Indigo Star Holdings (HKSE:08373) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.12, compared to a current price of HK$0.80 — trading 28.6% below its estimated fair value. The current Enterprise Value is HK$-30.3 Mil. Indigo Star Holdings' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Indigo Star Holdings (HKSE:08373), the current Enterprise Value is HK$-30.3 Mil as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indigo Star Holdings (HKSE:08373) Overvalued in 2026?

Based on GuruFocus' analysis, Indigo Star Holdings stock appears to be undervalued. The current stock price of HK$0.80 is trading 28.6% below its estimated GF Value™ of HK$1.12. GuruFocus considers Indigo Star Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:08373:

  • Enterprise Value: HK$-30.3 Mil
  • GF Value™: HK$1.12 vs. price of HK$0.80 (28.6% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the HKSE:08373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indigo Star Holdings Business Description

Address 5 Upper Aljunied Link, No. 03-08 Quartz Industrial Building, Singapore, SGP, 367903
Indigo Star Holdings Ltd is a subcontractor specializing in reinforced concrete works and related construction services. The group mainly provides steel reinforcement works, formwork erection, and concrete works, either individually or as an integrated service package, depending on customer requirements. It also engages in the sales of tiles and the trading of mobile phones and accessories. The group operates through three reportable segments: Construction Contract, Sale of Tiles, and Sales of Mobile Phones and Accessories. The Construction Contract segment generates the majority of the revenue. Geographically, the group derives the majority of its revenue from Singapore.
79GF Score

Get the complete analysis for HKSE:08373

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.80
Price
HK$1.12
GF Value