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XL Holdings Bhd (7121) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of XL Holdings Bhd stock MYR 0.32, price MYR 0.83, that is 60.8% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Defensive MY · ISIN MYL7121OO006

XH XL Holdings Bhd logo Thin data Nov 9, 2026

XL Holdings Bhd

7121 · KLSE
Very expensive, weak quality

Our calculation puts a fair price 61% below what the stock costs today.

Low debt
Expensive Growth (revenue 5y +35.9 %/yr in MYR)
Thin margins · 7.4% net margin (TTM)
Profit last quarter 31% below a year ago.
Fair value 0.3230 MYR · Strongly overvalued
Quality 29/100
Negative free cash flow
Trails peers (3/12)
Narrow moat 37/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

0.8850 MYR 0.4607 MYR Fair Value 0.3230 MYR Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 0.4607 MYR – 0.8850 MYR · fair‑value band 0.2465 MYR – 0.4080 MYR · the 0.8250 MYR price screens above the 0.3230 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

XL Holdings Berhad, an investment holding company, engages in the breeding and rearing of fishery livestock in Malaysia and internationally. It operates through Fish Farming, Merchandise, Foods, Growing Crop, and Other segments.

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The company provides the retailing of aquarium and accessories, and fish feed and medications; trading of fishes, consumables and aquarium accessories, seaweed, pineapple cultivation, and edible foods; edible bird nest, as well as ready-to-serve meals.

In addition, it engages in the dairy farm cow farming; solar energy projects; agriculture of chili and pineapple; feedmill production activities; and property holding activities, as well as other management services, general trading, and investment activities.

The company was formerly known as Xian Leng Holdings Berhad and changed its name to XL Holdings Berhad in April 2021. XL Holdings Berhad was incorporated in 1998 and is headquartered in Kuala Lumpur, Malaysia.

Stock analysis

XL Holdings Bhd (7121) currently trades at 0.8250 MYR, while our model-based Fair Value estimate is 0.3230 MYR, 61% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 0.6300 MYR per share, and 2 of the 14 models we run sit above the 0.8250 MYR price.

Bear case: the Asset-Based group reads lowest at 0.1800 MYR, and 12 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.2465 MYR (bear) to 0.4080 MYR (bull), the price of 0.8250 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 29/100 (below-average quality), in the Consumer Defensive sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

XL Holdings Bhd reported revenue of 129M MYR in FY2026 versus 84.2M MYR in FY2022, a compound +11.3%/yr. Reported net income was 9.5M MYR in FY2026, compounding +200.9%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Key figures

Market cap 405M MYR (≈ $99.7M) Micro · P/E ratio 41.3 · P/S ratio 3.14 · EPS (TTM) 0.0200 MYR · Net margin 7.4% · Return on equity 4.3% · Return on assets (EBIT) 3.6% (5-year average) · Operating margin 4.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades about 7% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −61%, 7121 screens richer than that median.

Fair Value models

Bear 0.2465 MYR Fair Value 0.3230 MYR Bull 0.4080 MYR
Price 0.8250 MYR · Downside -60.8%
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 2026 figures (about 9 months old). Earnings retained since then (0.0155 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.
Best data coverage
EPV 0.1400 MYR 0.1500 MYR 0.1700 MYR 74
ROIC Compounder 0.1400 MYR 0.1500 MYR 0.1700 MYR 72
Residual Income 0.2900 MYR 0.2900 MYR 0.3000 MYR 71
All 14 models by family
Earnings-Based
Graham-Dodd 0.1200 MYR 0.8700 MYR 1.22 MYR 63
Lynch FV 0.3500 MYR 0.5100 MYR 0.6600 MYR 61
PEG = 1.0 0.3500 MYR 0.5100 MYR 0.6600 MYR 57
EPV 0.1400 MYR 0.1500 MYR 0.1700 MYR 74
Multiples
P/E Multiple 0.2900 MYR 0.3800 MYR 0.4800 MYR 63
P/S Multiple 0.2300 MYR 0.3100 MYR 0.3900 MYR 58
P/B Multiple 1.80 MYR 2.40 MYR 3.00 MYR 55
EV/EBIT 0.2600 MYR 0.3500 MYR 0.4400 MYR 66
EV/EBITDA 0.3300 MYR 0.4500 MYR 0.5600 MYR 67
EV/Revenue 0.1900 MYR 0.2700 MYR 0.3500 MYR 53
Asset-Based
NCAV (Graham) 0.1200 MYR 0.1800 MYR 0.2200 MYR 55
Economic Profit
Residual Income 0.2900 MYR 0.2900 MYR 0.3000 MYR 71
ROIC Compounder 0.1400 MYR 0.1500 MYR 0.1700 MYR 72
Growth Earnings
Growth-Adj P/E 0.4400 MYR 0.6300 MYR 0.8200 MYR 67

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 30
How much profit the company makes from its sales and capital
Quality Growth 45
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 82
Debt, balance sheet and risk of trouble
Investment 24
Does it invest with discipline instead of growing at any price?
Low Volatility 88
How calm the share price moves, does not count
Price momentum 59
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 71
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.3%
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.
+15.2%
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.
+35.9%
Start year 2021 (pandemic). Over 10 years: +25.8% 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.
+19.3%
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.
+42.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+42.0%
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.42.0% vs 2.4%, 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.3% → 8%
Pace: the 5-year rate starts in 2021 (pandemic)

7121 screens overvalued: fair value 61% below the price. Compare with Muyuan Foods Group →

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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.Farm Products · 290 stocks

Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −60.8% · Bottom 25%
Profitability
Return on equity (12 months) 4.3% · Below median
Return on assets 3.6% · Above median
Net margin (12 months) 7.4% · Above median
Operating margin (12 months) 4.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) −0.8% · Below median
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Farm Products median · lower = cheaper

P/E (12 months) 41.3× · Priciest 25%
P/B 1.73× · Pricier than median
P/S (12 months) 3.14× · Priciest 25%
EV/EBITDA 24.4× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 26
FUTURE (revenue growth)0 · sector 16
PAST (return on equity)17 · sector 17
HEALTH (low debt)98 · sector 94
DIVIDEND (yield)0 · sector 41

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Charoen Pokphand Foods Public Company CPF 20.20 THB 40.78 THB +102% vs 7121
Mowi ASA MOWI kr 218.00 kr 273.41 +25% vs 7121
Tyson Foods, Inc TSN $59.68 $73.24 +23% vs 7121
Muyuan Foods Group 002714 ¥44.55 ¥53.02 +19% vs 7121
United Plantations Berhad 2089 30.38 MYR 33.42 MYR +10% vs 7121
Archer-Daniels-Midland Company ADM $69.97 $61.55 −12% vs 7121
Wens Foodstuff Group 300498 ¥16.97 ¥12.08 −29% vs 7121
Fujian Wanchen Food Group 300972 ¥134.62 ¥88.62 −34% vs 7121
Bunge Global SA BG $99.10 $56.81 −43% vs 7121
SalMar ASA SALM kr 572.50 kr 260.28 −55% vs 7121

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XL Holdings Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "XL Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/7121

Frequently asked questions

Is XL Holdings Bhd (7121) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 0.3230 MYR versus a price of 0.8250 MYR, about 61% lower (overvalued).
What is the fair value of 7121?
Our model-based fair value for XL Holdings Bhd is 0.3230 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 0.8250 MYR.
What is the quality score of 7121?
XL Holdings Bhd has a Quality Score of 29/100. 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 XL Holdings Bhd (7121)?
Our model-based price target is the fair value of 0.3230 MYR (as of Nov 9, 2026) from 14 valuation models. Cautious scenario 0.2465 MYR, optimistic scenario 0.4080 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the XL Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.3230 MYR, about 61% lower versus a price of 0.8250 MYR (overvalued). Cautious scenario 0.2465 MYR, optimistic scenario 0.4080 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of XL Holdings Bhd (7121)?
XL Holdings Bhd reported trailing-twelve-month revenue of about 129M MYR (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of XL Holdings Bhd (7121)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For XL Holdings Bhd it is 0.3230 MYR per share (as of Nov 9, 2026), against a price of 0.8250 MYR. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is XL Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 7121 trades above its calculated fair value: price 0.8250 MYR, fair value 0.3230 MYR, a gap of about −61% (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 7121?
No. The price is what the market pays today (0.8250 MYR); the fair value is what the company's own numbers justify (0.3230 MYR). For XL Holdings Bhd the two are 0.5020 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is XL Holdings Bhd worth?
The market values XL Holdings Bhd at about 405M MYR (market capitalisation, as of Nov 9, 2026). Per share that is 0.8250 MYR; our models calculate a fair value of 0.3230 MYR per share.
What do the bullish and bearish scenarios say about 7121?
Our models span a range for XL Holdings Bhd: cautious scenario 0.2465 MYR, base 0.3230 MYR, optimistic 0.4080 MYR per share (as of Nov 9, 2026, price 0.8250 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7121?
XL Holdings Bhd trades at a price-to-earnings ratio of 41.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.3230 MYR is built from several models across several years. Other multiples: P/B 1.7, P/S 3.1, EV/EBITDA 24.4.
How solid is the balance sheet of XL Holdings Bhd (7121)?
Balance-sheet figures for XL Holdings Bhd (as of Nov 9, 2026): return on equity 4.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 7121 from its 52-week high?
XL Holdings Bhd trades at 0.8250 MYR, about 7% below its 52-week high of 0.8850 MYR and 33% above the low of 0.6200 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3230 MYR is for.
Which stocks are comparable to XL Holdings Bhd?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, 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 XL Holdings Bhd stock attractive at the current price?
The data as of Nov 9, 2026: price 0.8250 MYR, calculated fair value 0.3230 MYR (−61%), Quality Score 29/100, 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 7121 calculated?
We run XL Holdings 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 0.3230 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 13.7% above its aggregate fair value. XL 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 XL Holdings Bhd (7121)?
The closing price on Nov 6, 2026 was 0.8250 MYR. Our model-based fair value is 0.3230 MYR, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with XL Holdings Bhd right now?
The price sits above even our optimistic bull case (0.4080 MYR). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of XL Holdings Bhd

How large is the market capitalisation of XL Holdings Bhd (7121)?
The market capitalisation of XL Holdings Bhd is 405M MYR (≈ $99.7M). 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 XL Holdings Bhd (7121)?
The price-to-sales ratio of XL Holdings Bhd is 3.14 (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 XL Holdings Bhd (7121)?
Earnings per share at XL Holdings Bhd are 0.0200 MYR (price ÷ EPS = P/E 41.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of XL Holdings Bhd (7121)?
The net margin of XL Holdings Bhd is 7.4% (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 XL Holdings Bhd (7121)?
The return on equity (ROE) of XL Holdings Bhd is 4.3% (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 XL Holdings Bhd (7121)?
On an EBIT basis the return on assets of XL Holdings Bhd is 3.6% (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 XL Holdings Bhd (7121)?
The operating margin of XL Holdings Bhd is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at XL Holdings Bhd (7121)?
Revenue at XL Holdings Bhd is growing −0.8% versus a year earlier (3y avg +15.2%). 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 XL Holdings Bhd (7121)?
Earnings per share at XL Holdings Bhd are growing −31.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does XL Holdings Bhd (7121) generate?
The free cash flow of XL Holdings Bhd is −42.4M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does XL Holdings Bhd (7121) carry?
The net debt of XL Holdings Bhd is 1.8M MYR (fiscal year 2026). 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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