Fiamma Holdings Bhd (6939) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fiamma Holdings Bhd stock MYR 1.14, price MYR 1.02, upside +11.8%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 13 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 8, 2026.
How to read this chart
60‑month range 0.5174 MYR – 1.30 MYR · fair‑value band 1.05 MYR – 1.21 MYR · the 1.02 MYR price screens below the 1.14 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Fiamma Holdings Berhad engages in the distribution and servicing of electrical home appliances in Malaysia. The company operates through three segments: Trading and Services, Property development, and Investment Holding and Property Investment.
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It distributes and serves electrical home appliances and fittings, sanitaryware, kitchen and wardrobe system and built-in furniture, household products, bathroom accessories, home furniture, medical devices, and healthcare products through its in-house brands including Elba, Faber, Rubine, Vino, Tuscani, Haustern, and Ebac, as well as through its international brands, such as Braun, Oral-B, Speed Queen, Beurer, Fora, Charder, Sony, Spirit, Icanclave, and Tuttnauer.
In addition, the company develops residential and commercial properties. Further, it is involved in the letting of investment properties; provision of warehousing and logistics services; and provision of after sales services of electrical home appliances.
Fiamma Holdings Berhad was founded in 1979 and is based in Kuala Lumpur, Malaysia.
Stock analysis
Fiamma Holdings Bhd (6939) currently trades at 1.02 MYR, while our model-based Fair Value estimate is 1.14 MYR, implying the stock looks roughly 11% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.04 MYR per share, and 8 of the 13 models we run sit above the 1.02 MYR price.
Bear case: the DCF Models group reads lowest at 0.8000 MYR, and 5 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.05 MYR (bear) to 1.21 MYR (bull), the price of 1.02 MYR sits below 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 57/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Fiamma Holdings Bhd reported revenue of 381M MYR in FY2025 versus 338M MYR in FY2021, a compound +3.1%/yr. Reported net income was 64.9M MYR in FY2025, compounding +17.1%/yr from FY2021.
Key figures
Market cap 541M MYR (≈ $133M) Micro · P/E ratio 12.8 · P/S ratio 1.28 · EPS (TTM) 0.0800 MYR · Net margin 10.1% · Return on equity 5.5% · Return on assets (EBIT) 7.9% (5-year average) · Operating margin 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at 12%, 6939 screens cheaper than that median.
Fair Value models
Bear1.05 MYRFair Value 1.14 MYRBull1.21 MYR
Price 1.02 MYR · Upside +11.8%
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.0800 MYR per share) are deliberately not added.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.30/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.7%
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.
+1.0%
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.
+0.1%
Start year 2020 (pandemic). Over 10 years: +1.4% 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.
+3.0%
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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. Basis: EBIT basis. 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.
≈ +6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.3%
Dividend (yield on the price)0.0%
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.11.9% vs 4.8%, picking up
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.17% → 22%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 63% above its own trend.
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.Furnishings, Fixtures & Appliances · 297 stocks
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). "Fiamma Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/6939
Frequently asked questions
Is Fiamma Holdings Bhd (6939) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 1.14 MYR versus a price of 1.02 MYR, about +12% upside (undervalued).
What is the fair value of 6939?
Our model-based fair value for Fiamma Holdings Bhd is 1.14 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 1.02 MYR.
What is the quality score of 6939?
Fiamma Holdings Bhd has a Quality Score of 57/100. 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 Fiamma Holdings Bhd (6939)?
Our model-based price target is the fair value of 1.14 MYR (as of Nov 8, 2026) from 13 valuation models. Cautious scenario 1.05 MYR, optimistic scenario 1.21 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Fiamma Holdings Bhd stock forecast for 2026?
Our models put fair value at 1.14 MYR, about +12% upside versus a price of 1.02 MYR (undervalued). Cautious scenario 1.05 MYR, optimistic scenario 1.21 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Fiamma Holdings Bhd (6939)?
Fiamma Holdings Bhd reported trailing-twelve-month revenue of about 421M MYR (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Fiamma Holdings Bhd (6939)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fiamma Holdings Bhd it is 1.14 MYR per share (as of Nov 8, 2026), against a price of 1.02 MYR. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Fiamma Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6939 trades below its calculated fair value: price 1.02 MYR, fair value 1.14 MYR, a gap of about +12% (undervalued). 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 6939?
No. The price is what the market pays today (1.02 MYR); the fair value is what the company's own numbers justify (1.14 MYR). For Fiamma Holdings Bhd the two are 0.1200 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Fiamma Holdings Bhd worth?
The market values Fiamma Holdings Bhd at about 541M MYR (market capitalisation, as of Nov 8, 2026). Per share that is 1.02 MYR; our models calculate a fair value of 1.14 MYR per share.
What do the bullish and bearish scenarios say about 6939?
Our models span a range for Fiamma Holdings Bhd: cautious scenario 1.05 MYR, base 1.14 MYR, optimistic 1.21 MYR per share (as of Nov 8, 2026, price 1.02 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6939?
Fiamma Holdings Bhd trades at a price-to-earnings ratio of 12.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.14 MYR is built from several models across several years. Other multiples: P/B 0.7, P/S 1.3, EV/EBITDA 5.3.
How solid is the balance sheet of Fiamma Holdings Bhd (6939)?
Balance-sheet figures for Fiamma Holdings Bhd (as of Nov 8, 2026): return on equity 5.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 6939 from its 52-week high?
Fiamma Holdings Bhd trades at 1.02 MYR, about 11% below its 52-week high of 1.15 MYR and 1% above the low of 1.01 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.14 MYR is for.
Which stocks are comparable to Fiamma Holdings Bhd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, 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 Fiamma Holdings Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 1.02 MYR, calculated fair value 1.14 MYR (+12%), Quality Score 57/100, from 13 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 6939 calculated?
We run Fiamma Holdings Bhd through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1.14 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. Fiamma Holdings Bhd currently trades 11% below its own fair value, and the market average says nothing about that. 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 Fiamma Holdings Bhd (6939)?
The closing price on Nov 6, 2026 was 1.02 MYR. Our model-based fair value is 1.14 MYR, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fiamma Holdings Bhd right now?
The price is below even our cautious bear case (1.05 MYR). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Fiamma Holdings Bhd
How large is the market capitalisation of Fiamma Holdings Bhd (6939)?
The market capitalisation of Fiamma Holdings Bhd is 541M MYR (≈ $133M). 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 Fiamma Holdings Bhd (6939)?
The price-to-sales ratio of Fiamma Holdings Bhd is 1.28 (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 Fiamma Holdings Bhd (6939)?
Earnings per share at Fiamma Holdings Bhd are 0.0800 MYR (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fiamma Holdings Bhd (6939)?
The net margin of Fiamma Holdings Bhd is 10.1% (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 Fiamma Holdings Bhd (6939)?
The return on equity (ROE) of Fiamma Holdings Bhd is 5.5% (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 Fiamma Holdings Bhd (6939)?
On an EBIT basis the return on assets of Fiamma Holdings Bhd is 7.9% (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 Fiamma Holdings Bhd (6939)?
The operating margin of Fiamma Holdings Bhd is 14.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fiamma Holdings Bhd (6939)?
Revenue at Fiamma Holdings Bhd is growing +41.5% versus a year earlier (3y avg +1.0%). 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 Fiamma Holdings Bhd (6939)?
Earnings per share at Fiamma Holdings Bhd are growing +15.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fiamma Holdings Bhd (6939) generate?
The free cash flow of Fiamma Holdings Bhd is −83.7M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fiamma Holdings Bhd (6939) carry?
The net debt of Fiamma Holdings Bhd is 45.2M MYR (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026