Apollo Food Holdings Bhd (6432) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Apollo Food Holdings Bhd stock MYR 4.05, price MYR 5.75, that is 29.6% below the price, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 15 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 6, 2026.
How to read this chart
60‑month range 2.61 MYR – 6.39 MYR · fair‑value band 2.93 MYR – 4.69 MYR · the 5.75 MYR price screens above the 4.05 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Apollo Food Holdings Berhad, an investment holding company, engages in the manufacture, trade, marketing, and distribution of compound chocolates, chocolate confectionery products, and layer cakes in Malaysia.
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It operates through two segments, Investment Holding; and Manufacturing, Marketing and Distribution. The company's products include chocolate wafer products and chocolate layer cakes products. The company was founded in 1966 and is based in Johor Bahru, Malaysia.
Apollo Food Holdings Berhad operates as a subsidiary of Scoop Capital Sdn Bhd.
Stock analysis
Apollo Food Holdings Bhd (6432) currently trades at 5.75 MYR, while our model-based Fair Value estimate is 4.05 MYR, 30% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 7.65 MYR per share, and 7 of the 15 models we run sit above the 5.75 MYR price.
Bear case: the Asset-Based group reads lowest at 1.16 MYR, and 8 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2.93 MYR (bear) to 4.69 MYR (bull), the price of 5.75 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 60/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Apollo Food Holdings Bhd reported revenue of 311M MYR in FY2026 versus 188M MYR in FY2022, a compound +13.4%/yr. Reported net income was 34.5M MYR in FY2026, compounding +36.4%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 460M MYR (≈ $113M) Micro · P/E ratio 13.1 · P/S ratio 1.47 · EPS (TTM) 0.4400 MYR · Dividend yield 7.8% · Net margin 10.7% · Return on equity 14.8% · Return on assets (EBIT) 16.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −8% fair-value upside, at −30%, 6432 screens richer than that median.
Fair Value models
Bear2.93 MYRFair Value 4.05 MYRBull4.69 MYR
Price 5.75 MYR · Downside -29.6%
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.54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.3%
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.
+6.6%
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.
+10.3%
Start year 2021 (pandemic). Over 10 years: +4.1% 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.
+2.6%
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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.
+27.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.3%
Dividend (yield on the price)7.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.3% vs 3.6%, picking up
Profit margin 2021 to 2026 ⓘ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% → 13%
Compare Apollo Food Holdings Bhd 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.Confectioners · 79 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−29.6% · Below median
Profitability
Return on equity (12 months)14.8% · Top 25%
Return on assets12.0% · Top 25%
Net margin (12 months)10.7% · Top 25%
Operating margin (12 months)10.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.4% · Top 25%
Dividend yield (12 months)7.8% · Top 25%
Valuation Multiplesvs Confectioners median · lower = cheaper
P/E (12 months)13.1× · Cheaper than median
P/B1.89× · Priciest 25%
P/S (12 months)1.47× · Priciest 25%
EV/EBITDA8.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)67· sector 0
PAST (return on equity)59· sector 22
HEALTH (low debt)0· sector 88
DIVIDEND (yield)100· sector 54
VALUE 0: the price sits above our fair-value range.
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). "Apollo Food Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/6432
Frequently asked questions
Is Apollo Food Holdings Bhd (6432) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 4.05 MYR versus a price of 5.75 MYR, about 30% lower (overvalued).
What is the fair value of 6432?
Our model-based fair value for Apollo Food Holdings Bhd is 4.05 MYR (as of Nov 6, 2026), built from audited fundamentals. The current price: 5.75 MYR.
What is the quality score of 6432?
Apollo Food Holdings Bhd has a Quality Score of 60/100. 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 Apollo Food Holdings Bhd (6432)?
Our model-based price target is the fair value of 4.05 MYR (as of Nov 6, 2026) from 15 valuation models. Cautious scenario 2.93 MYR, optimistic scenario 4.69 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Apollo Food Holdings Bhd stock forecast for 2026?
Our models put fair value at 4.05 MYR, about 30% lower versus a price of 5.75 MYR (overvalued). Cautious scenario 2.93 MYR, optimistic scenario 4.69 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Apollo Food Holdings Bhd (6432)?
Apollo Food Holdings Bhd reported trailing-twelve-month revenue of about 312M MYR (latest available figure, as of Nov 6, 2026).
Does Apollo Food Holdings Bhd pay a dividend?
Apollo Food Holdings Bhd currently shows a dividend yield of 7.83% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Apollo Food Holdings Bhd (6432) and when is the ex-dividend date?
Apollo Food Holdings Bhd pays a dividend of 0.45 MYR per share a year, a dividend yield of 7.8%. The last ex-dividend date was Jul 10, 2026. A dividend has been paid every year since at least 1997. The payout ratio is 102% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Apollo Food Holdings Bhd (6432)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apollo Food Holdings Bhd it is 4.05 MYR per share (as of Nov 6, 2026), against a price of 5.75 MYR. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Apollo Food Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 6432 trades above its calculated fair value: price 5.75 MYR, fair value 4.05 MYR, a gap of about −30% (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 6432?
No. The price is what the market pays today (5.75 MYR); the fair value is what the company's own numbers justify (4.05 MYR). For Apollo Food Holdings Bhd the two are 1.70 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Apollo Food Holdings Bhd worth?
The market values Apollo Food Holdings Bhd at about 460M MYR (market capitalisation, as of Nov 6, 2026). Per share that is 5.75 MYR; our models calculate a fair value of 4.05 MYR per share.
What do the bullish and bearish scenarios say about 6432?
Our models span a range for Apollo Food Holdings Bhd: cautious scenario 2.93 MYR, base 4.05 MYR, optimistic 4.69 MYR per share (as of Nov 6, 2026, price 5.75 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6432?
Apollo Food Holdings Bhd trades at a price-to-earnings ratio of 13.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.05 MYR is built from several models across several years. Other multiples: P/B 1.9, P/S 1.5, EV/EBITDA 8.2.
How solid is the balance sheet of Apollo Food Holdings Bhd (6432)?
Balance-sheet figures for Apollo Food Holdings Bhd (as of Nov 6, 2026): return on equity 14.8%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 6432 from its 52-week high?
Apollo Food Holdings Bhd trades at 5.75 MYR, about 9% below its 52-week high of 6.33 MYR and 10% above the low of 5.23 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4.05 MYR is for.
Which stocks are comparable to Apollo Food Holdings Bhd?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, 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 Apollo Food Holdings Bhd stock attractive at the current price?
The data as of Nov 6, 2026: price 5.75 MYR, calculated fair value 4.05 MYR (−30%), Quality Score 60/100, from 15 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 6432 calculated?
We run Apollo Food Holdings Bhd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 4.05 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. Apollo Food Holdings 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 Apollo Food Holdings Bhd (6432)?
The closing price on Nov 6, 2026 was 5.75 MYR. Our model-based fair value is 4.05 MYR, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apollo Food Holdings Bhd right now?
The price sits above even our optimistic bull case (4.69 MYR). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Apollo Food Holdings Bhd
How large is the market capitalisation of Apollo Food Holdings Bhd (6432)?
The market capitalisation of Apollo Food Holdings Bhd is 460M MYR (≈ $113M). 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 Apollo Food Holdings Bhd (6432)?
The price-to-sales ratio of Apollo Food Holdings Bhd is 1.47 (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 Apollo Food Holdings Bhd (6432)?
Earnings per share at Apollo Food Holdings Bhd are 0.4400 MYR (price ÷ EPS = P/E 13.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Apollo Food Holdings Bhd (6432)?
The dividend yield of Apollo Food Holdings Bhd is 7.8% (payout 102%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Apollo Food Holdings Bhd (6432)?
The net margin of Apollo Food Holdings Bhd is 10.7% (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 Apollo Food Holdings Bhd (6432)?
The return on equity (ROE) of Apollo Food Holdings Bhd is 14.8% (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 Apollo Food Holdings Bhd (6432)?
On an EBIT basis the return on assets of Apollo Food Holdings Bhd is 16.1% (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 Apollo Food Holdings Bhd (6432)?
The operating margin of Apollo Food Holdings Bhd is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apollo Food Holdings Bhd (6432)?
Revenue at Apollo Food Holdings Bhd is growing +13.4% versus a year earlier (3y avg +6.6%). 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 Apollo Food Holdings Bhd (6432)?
Earnings per share at Apollo Food Holdings Bhd are growing +9.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Apollo Food Holdings Bhd (6432) generate?
The free cash flow of Apollo Food Holdings Bhd is −33.8M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Broad data
Nov 6, 2026