TSH Resources Bhd (9059) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TSH Resources Bhd stock MYR 1.94, price MYR 1.12, upside +73.5%, quality 81 out of 100. Rating: strongly undervalued. Calculated from audited financials with 22 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 7, 2026.
How to read this chart
60‑month range 0.7548 MYR – 1.54 MYR · fair‑value band 1.56 MYR – 2.53 MYR · the 1.12 MYR price screens below the 1.94 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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TSH Resources Berhad, an investment holding company, primarily engages in oil palm cultivation and processing, and forest plantation activities in Malaysia, Indonesia, Southwest Pacific, the United States, and internationally. It operates through Palm Products and Others segments.
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The Palm Products segment operates oil palm plantations; and manufactures and sells crude palm oil and palm kernel.
The Others segment is involved in manufacturing and sale of downstream wood products; operating forest management unit; manufacturing, sale, and trading of cocoa products; and generation and supply of electricity from biomass plants.
It undertakes Islamic securities transactions; trades goods; operates biogas power plant and palm oil mill; produces and supplies tree plantlets and plantables grown through tissue culture process; supplies and installs timber flooring; sub-licenses strip lock systems; and provides management services.
TSH Resources Berhad was incorporated in 1979 and is based in Kuala Lumpur, Malaysia.
Stock analysis
TSH Resources Bhd (9059) currently trades at 1.12 MYR, while our model-based Fair Value estimate is 1.94 MYR, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.70 MYR per share, and 21 of the 22 models we run sit above the 1.12 MYR price.
Bear case: the Asset-Based group reads lowest at 1.01 MYR, and 1 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.56 MYR (bear) to 2.53 MYR (bull), the price of 1.12 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 81/100 (high quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TSH Resources Bhd reported revenue of 1.1B MYR in FY2025 versus 1.2B MYR in FY2021, a compound −2.8%/yr. Reported net income was 183M MYR in FY2025, compounding +1.9%/yr from FY2021.
Key figures
Market cap 1.4B MYR (≈ $345M) Small · P/E ratio 9.3 · P/S ratio 1.44 · EPS (TTM) 0.1200 MYR · Dividend yield 4.5% · Net margin 16.4% · Return on equity 9.4% · Return on assets (EBIT) 7.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 73%, 9059 screens cheaper than that median.
Fair Value models
Bear1.56 MYRFair Value 1.94 MYRBull2.53 MYR
Price 1.12 MYR · Upside +73.5%
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 10 months old). Earnings retained since then (0.0600 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
FCF DCF2.12 MYR2.68 MYR3.62 MYR79
Growth DCF2.18 MYR2.71 MYR3.53 MYR78
Owner Earnings1.61 MYR2.02 MYR2.70 MYR75
All 22 models by family
DCF Models
FCF DCF2.12 MYR2.68 MYR3.62 MYR79
Owner Earnings1.61 MYR2.02 MYR2.70 MYR75
5Y Revenue Exit1.56 MYR1.95 MYR2.53 MYR72
5Y EBITDA Exit2.56 MYR3.70 MYR5.20 MYR73
5Y P/E Exit2.22 MYR3.10 MYR4.16 MYR69
10Y Revenue Exit1.78 MYR2.08 MYR2.38 MYR66
10Y EBITDA Exit2.36 MYR3.06 MYR3.81 MYR68
10Y P/E Exit2.17 MYR2.72 MYR3.25 MYR63
Earnings-Based
Graham-Dodd1.02 MYR1.25 MYR1.41 MYR65
EPV1.63 MYR1.81 MYR1.96 MYR74
Multiples
P/E Multiple2.37 MYR3.16 MYR3.94 MYR63
P/S Multiple1.05 MYR1.40 MYR1.75 MYR58
P/B Multiple1.12 MYR1.49 MYR1.87 MYR55
EV/EBIT2.97 MYR3.93 MYR4.90 MYR66
EV/EBITDA3.17 MYR4.19 MYR5.22 MYR67
EV/Revenue1.00 MYR1.39 MYR1.78 MYR54
Asset-Based
NCAV (Graham)0.7500 MYR1.01 MYR1.51 MYR54
Growth DCF
Growth DCF2.18 MYR2.71 MYR3.53 MYR78
Rev-Margin DCF1.56 MYR2.00 MYR2.57 MYR72
Economic Profit
Residual Income1.30 MYR1.41 MYR1.57 MYR74
ROIC Compounder1.63 MYR1.84 MYR2.05 MYR70
Growth Earnings
Growth-Adj P/E1.67 MYR2.39 MYR3.10 MYR65
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.2%
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.
−6.7%
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.
+6.3%
Start year 2020 (pandemic). Over 10 years: +2.9% a year
Revenue growth 20 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.
+3.4%
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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.
+23.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.4%
Dividend (yield on the price)4.5%
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.19.4% vs 7.5%, 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.14% → 26%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−14.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −15.8% a year for the price and +0.3% for the forecasts.
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.Farm Products · 290 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+73.5% · Top 25%
Profitability
Return on equity (12 months)9.4% · Above median
Return on assets6.9% · Top 25%
Net margin (12 months)16.4% · Top 25%
Operating margin (12 months)30.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−6.6% · Below median
Dividend yield (12 months)4.5% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "TSH Resources Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9059
Frequently asked questions
Is TSH Resources Bhd (9059) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1.94 MYR versus a price of 1.12 MYR, about +73% upside (undervalued).
What is the fair value of 9059?
Our model-based fair value for TSH Resources Bhd is 1.94 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 1.12 MYR.
What is the quality score of 9059?
TSH Resources Bhd has a Quality Score of 81/100. 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 TSH Resources Bhd (9059)?
Our model-based price target is the fair value of 1.94 MYR (as of Nov 7, 2026) from 22 valuation models. Cautious scenario 1.56 MYR, optimistic scenario 2.53 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the TSH Resources Bhd stock forecast for 2026?
Our models put fair value at 1.94 MYR, about +73% upside versus a price of 1.12 MYR (undervalued). Cautious scenario 1.56 MYR, optimistic scenario 2.53 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of TSH Resources Bhd (9059)?
TSH Resources Bhd reported trailing-twelve-month revenue of about 972M MYR (latest available figure, as of Nov 7, 2026).
Does TSH Resources Bhd pay a dividend?
TSH Resources Bhd currently shows a dividend yield of 4.46% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of TSH Resources Bhd (9059) and when is the ex-dividend date?
TSH Resources Bhd pays a dividend of 0.05 MYR per share a year, a dividend yield of 4.5%. The last ex-dividend date was Apr 14, 2026. The payout ratio is 41.7% of earnings. Free cash flow covers the dividend 4.45 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into TSH Resources Bhd (9059)?
For today's price to be fair in a discounted-cash-flow model, TSH Resources Bhd would have to grow free cash flow by -14.1 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 9059 use?
Our models discount TSH Resources Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.11, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TSH Resources Bhd that is -14.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has TSH Resources Bhd (9059) delivered so far?
Over the past 5 years revenue at TSH Resources Bhd grew +6.3 % a year. The price currently implies free-cash-flow growth of -14.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TSH Resources Bhd (9059) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into TSH Resources Bhd (-14.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TSH Resources Bhd (9059)?
The free-cash-flow yield on the price is 19.39 %: that much free cash flow TSH Resources Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TSH Resources Bhd (9059)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TSH Resources Bhd it is 1.94 MYR per share (as of Nov 7, 2026), against a price of 1.12 MYR. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TSH Resources Bhd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 9059 trades below its calculated fair value: price 1.12 MYR, fair value 1.94 MYR, a gap of about +73% (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 9059?
No. The price is what the market pays today (1.12 MYR); the fair value is what the company's own numbers justify (1.94 MYR). For TSH Resources Bhd the two are 0.8227 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is TSH Resources Bhd worth?
The market values TSH Resources Bhd at about 1.4B MYR (market capitalisation, as of Nov 7, 2026). Per share that is 1.12 MYR; our models calculate a fair value of 1.94 MYR per share.
What do the bullish and bearish scenarios say about 9059?
Our models span a range for TSH Resources Bhd: cautious scenario 1.56 MYR, base 1.94 MYR, optimistic 2.53 MYR per share (as of Nov 7, 2026, price 1.12 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9059?
TSH Resources Bhd trades at a price-to-earnings ratio of 9.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.94 MYR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 16.9. Other multiples: PEG 0.7, P/B 0.7, P/S 1.4, EV/EBITDA 3.0.
What is the PEG ratio of 9059?
The PEG ratio of TSH Resources Bhd is 0.70 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TSH Resources Bhd (9059)?
Balance-sheet figures for TSH Resources Bhd (as of Nov 7, 2026): return on equity 9.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is 9059 from its 52-week high?
TSH Resources Bhd trades at 1.12 MYR, about 27% below its 52-week high of 1.54 MYR and 4% above the low of 1.08 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.94 MYR is for.
Which stocks are comparable to TSH Resources 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 TSH Resources Bhd stock attractive at the current price?
The data as of Nov 7, 2026: price 1.12 MYR, calculated fair value 1.94 MYR (+73%), Quality Score 81/100, from 22 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 9059 calculated?
We run TSH Resources Bhd through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1.94 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. TSH Resources Bhd currently trades 42% 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 TSH Resources Bhd (9059)?
The closing price on Nov 6, 2026 was 1.12 MYR. Our model-based fair value is 1.94 MYR, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TSH Resources Bhd right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (1.56 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of TSH Resources Bhd (9059) come from?
Earnings per share at TSH Resources Bhd grew +4.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.8 %, EBIT margin +5.4 %, tax rate −0.3 %, residual (interest, one-offs) −1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TSH Resources Bhd
How large is the market capitalisation of TSH Resources Bhd (9059)?
The market capitalisation of TSH Resources Bhd is 1.4B MYR (≈ $345M). 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 TSH Resources Bhd (9059)?
The price-to-sales ratio of TSH Resources Bhd is 1.44 (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 TSH Resources Bhd (9059)?
Earnings per share at TSH Resources Bhd are 0.1200 MYR (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TSH Resources Bhd (9059)?
The dividend yield of TSH Resources Bhd is 4.5% (payout 41.7%). 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 TSH Resources Bhd (9059)?
The net margin of TSH Resources Bhd is 16.4% (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 TSH Resources Bhd (9059)?
The return on equity (ROE) of TSH Resources Bhd is 9.4% (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 TSH Resources Bhd (9059)?
On an EBIT basis the return on assets of TSH Resources Bhd is 7.8% (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 TSH Resources Bhd (9059)?
The operating margin of TSH Resources Bhd is 30.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TSH Resources Bhd (9059)?
Revenue at TSH Resources Bhd is growing −6.6% versus a year earlier (3y avg −6.7%). 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 TSH Resources Bhd (9059)?
Earnings per share at TSH Resources Bhd are growing +12.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TSH Resources Bhd (9059) hold?
TSH Resources Bhd holds more cash than debt, 99.0M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026