Golden Pharos Bhd (5649) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Golden Pharos Bhd stock MYR 0.12, price MYR 0.15, that is 17.2% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 0.1431 MYR – 0.6500 MYR · fair‑value band 0.1000 MYR – 0.1300 MYR · the 0.1450 MYR price screens above the 0.1200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Golden Pharos Berhad, an investment holding company, primarily engages in the forest concession management, harvesting, distribution, sawmilling, and processing of wood-based products in Malaysia and internationally. It operates through Harvesting and Sawmilling; Manufacturing; and Others segments.
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The company involved in the manufacture and trade of glasses, veneer, and woodchips; moulding and producing finger joint and furniture, and kiln drying; and harvesting and sustainable forest management businesses.
It also engages in the rental of buildings, and plant and machinery; and sells logs and right to logs. Golden Pharos Berhad was incorporated in 1986 and is based in Kuala Terengganu, Malaysia.
Stock analysis
Golden Pharos Bhd (5649) currently trades at 0.1450 MYR, while our model-based Fair Value estimate is 0.1200 MYR, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.2100 MYR per share, and 3 of the 14 models we run sit above the 0.1450 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0600 MYR, and 11 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1000 MYR (bear) to 0.1300 MYR (bull), the price of 0.1450 MYR sits above 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 61/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Golden Pharos Bhd reported revenue of 56.6M MYR in FY2025 versus 56.7M MYR in FY2021, a compound −0.1%/yr. Reported net income was 720K MYR in FY2025, compounding +2.2%/yr from FY2021.
Key figures
Market cap 20.4M MYR (≈ $5.0M) Micro · P/S ratio 0.43 · EPS (TTM) −0.0500 MYR · Net margin −14.1% · Return on equity −9.9% · Return on assets (EBIT) 4.7% (5-year average) · Operating margin −50.5% · Revenue (TTM) 49.4M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −19% fair-value upside, at −17%, 5649 screens cheaper than that median.
Fair Value models
Bear0.1000 MYRFair Value 0.1200 MYRBull0.1300 MYR
Price 0.1450 MYR · Downside -17.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.34/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+20.2%
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.
−6.8%
Revenue growth 5 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.
+3.7%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 13 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.
−1.3%
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What shareholders gained per year (last 5 years), in MYR ⓘ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 5 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. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.7%
Dividend (yield on the price)0.0%
Profit margin 2020 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.−12% → 1%
⚠ Revenue per share shrinking 2.4%/yr over ~8Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Lumber & Wood Production · 73 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−17.2% · Below median
Profitability
Return on assets0.6% · Above median
Net margin (12 months)−14.1% · Bottom 25%
Operating margin (12 months)−50.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−46.1% · Bottom 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Lumber & Wood Production 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). "Golden Pharos Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5649
Frequently asked questions
Is Golden Pharos Bhd (5649) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.1200 MYR versus a price of 0.1450 MYR, about 17% lower (overvalued).
What is the fair value of 5649?
Our model-based fair value for Golden Pharos Bhd is 0.1200 MYR (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.1450 MYR.
What is the quality score of 5649?
Golden Pharos Bhd has a Quality Score of 61/100. 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 Golden Pharos Bhd (5649)?
Our model-based price target is the fair value of 0.1200 MYR (as of Nov 4, 2026) from 14 valuation models. Cautious scenario 0.1000 MYR, optimistic scenario 0.1300 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Golden Pharos Bhd stock forecast for 2026?
Our models put fair value at 0.1200 MYR, about 17% lower versus a price of 0.1450 MYR (overvalued). Cautious scenario 0.1000 MYR, optimistic scenario 0.1300 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Golden Pharos Bhd (5649)?
Golden Pharos Bhd reported trailing-twelve-month revenue of about 49.4M MYR (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Golden Pharos Bhd (5649)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Golden Pharos Bhd it is 0.1200 MYR per share (as of Nov 4, 2026), against a price of 0.1450 MYR. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Golden Pharos Bhd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 5649 trades above its calculated fair value: price 0.1450 MYR, fair value 0.1200 MYR, a gap of about −17% (overvalued). 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 5649?
No. The price is what the market pays today (0.1450 MYR); the fair value is what the company's own numbers justify (0.1200 MYR). For Golden Pharos Bhd the two are 0.0250 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Golden Pharos Bhd worth?
The market values Golden Pharos Bhd at about 20.4M MYR (market capitalisation, as of Nov 4, 2026). Per share that is 0.1450 MYR; our models calculate a fair value of 0.1200 MYR per share.
What do the bullish and bearish scenarios say about 5649?
Our models span a range for Golden Pharos Bhd: cautious scenario 0.1000 MYR, base 0.1200 MYR, optimistic 0.1300 MYR per share (as of Nov 4, 2026, price 0.1450 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Golden Pharos Bhd (5649)?
Balance-sheet figures for Golden Pharos Bhd (as of Nov 4, 2026): return on equity −9.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 5649 from its 52-week high?
Golden Pharos Bhd trades at 0.1450 MYR, about 52% below its 52-week high of 0.3000 MYR and at the low of 0.1450 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1200 MYR is for.
Which stocks are comparable to Golden Pharos Bhd?
From the same area (Basic Materials) we also value Simpson Manufacturing Co, UFP Industries, Inc, Boise Cascade Company, Stella-Jones 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 Golden Pharos Bhd stock attractive at the current price?
The data as of Nov 4, 2026: price 0.1450 MYR, calculated fair value 0.1200 MYR (−17%), Quality Score 61/100, from 14 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 5649 calculated?
We run Golden Pharos Bhd through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.1200 MYR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Golden Pharos Bhd itself currently trades above fair value. 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 Golden Pharos Bhd (5649)?
The closing price on Nov 6, 2026 was 0.1450 MYR. Our model-based fair value is 0.1200 MYR, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Golden Pharos Bhd right now?
The price sits above even our optimistic bull case (0.1300 MYR). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Golden Pharos Bhd
How large is the market capitalisation of Golden Pharos Bhd (5649)?
The market capitalisation of Golden Pharos Bhd is 20.4M MYR (≈ $5.0M). 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 Golden Pharos Bhd (5649)?
The price-to-sales ratio of Golden Pharos Bhd is 0.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Golden Pharos Bhd (5649)?
Earnings per share at Golden Pharos Bhd are −0.0500 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Golden Pharos Bhd (5649)?
The net margin of Golden Pharos Bhd is −14.1% (last twelve months). 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 Golden Pharos Bhd (5649)?
The return on equity (ROE) of Golden Pharos Bhd is −9.9% (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 Golden Pharos Bhd (5649)?
On an EBIT basis the return on assets of Golden Pharos Bhd is 4.7% (avg 5y). 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 Golden Pharos Bhd (5649)?
The operating margin of Golden Pharos Bhd is −50.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Golden Pharos Bhd (5649)?
Revenue at Golden Pharos Bhd is growing −46.1% versus a year earlier (3y avg −6.8%). 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 Golden Pharos Bhd (5649)?
Earnings per share at Golden Pharos Bhd are growing +88.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Golden Pharos Bhd (5649) generate?
The free cash flow of Golden Pharos Bhd is −833K MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Nov 4, 2026