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RGB International Bhd., an investment holding company, (0037) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 329M MYR

RI RGB International Bhd., an investment holding company, 0037 · KLSE
Price0.2050 MYR
Fair Value0.4100 MYR
Upside+100.0%
Quality54/100
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Mixed Growth
Thin margins · 9.1% net margin
Low debt · generates free cash flow
4.29% dividend yield
Ranks above peers (11/13)
Moderate moat 46/100
Evidence: High Range 0.3200 MYR – 0.5000 MYR Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price −2.4% over the past month.

A solid business, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.3200 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.4494 MYR 0.0868 MYR Fair Value 0.4100 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.0868 MYR – 0.4494 MYR · fair‑value band 0.3200 MYR – 0.5000 MYR · the 0.2050 MYR price screens below the 0.4100 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

RGB International Bhd., an investment holding company, (0037) currently trades at 0.2050 MYR, while our model-based Fair Value estimate is 0.4100 MYR, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, RGB International Bhd., an investment holding company, generated revenue of 363M MYR at a net margin of 9.1%. Revenue grew 18.8% year over year. It earns a return on equity of 11.9%. The balance sheet holds a net cash position of 88.8M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.3200 MYR (bear case) to 0.5000 MYR (bull case); at 0.2050 MYR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at 100%, 0037 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 0.3100 MYR 0.4300 MYR 0.5900 MYR 80
Residual Income 0.1600 MYR 0.1800 MYR 0.2800 MYR 76
Rev-Margin DCF 0.2700 MYR 0.3900 MYR 0.5300 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.3100 MYR 0.4400 MYR 0.6300 MYR 38
Owner Earnings 0.3300 MYR 0.4700 MYR 0.6700 MYR 31
5Y Revenue Exit 0.2700 MYR 0.3900 MYR 0.5400 MYR 39
5Y EBITDA Exit 0.3000 MYR 0.4500 MYR 0.6300 MYR 41
5Y P/E Exit 0.3700 MYR 0.5900 MYR 0.8300 MYR 38
10Y Revenue Exit 0.2800 MYR 0.3800 MYR 0.5400 MYR 36
10Y EBITDA Exit 0.3000 MYR 0.4300 MYR 0.6000 MYR 37
10Y P/E Exit 0.3400 MYR 0.5200 MYR 0.7500 MYR 35
Earnings-Based
Graham-Dodd 0.1600 MYR 0.6200 MYR 0.8400 MYR 54
Lynch FV 0.1500 MYR 0.2100 MYR 0.2800 MYR 50
PEG = 1.0 0.1500 MYR 0.2100 MYR 0.2800 MYR 46
EPV 0.2000 MYR 0.2100 MYR 0.2300 MYR 59
Dividend Discount
Gordon GGM 0.1400 MYR 0.2500 MYR 0.3500 MYR 70
DDM Multi-Stage 0.1400 MYR 0.2300 MYR 0.2700 MYR 61
Multiples
P/E Multiple 0.3900 MYR 0.5200 MYR 0.6500 MYR 63
P/S Multiple 0.2000 MYR 0.2700 MYR 0.3400 MYR 58
P/B Multiple 0.3000 MYR 0.4000 MYR 0.5000 MYR 55
EV/EBIT 0.3400 MYR 0.4300 MYR 0.5300 MYR 53
EV/EBITDA 0.3300 MYR 0.4100 MYR 0.5000 MYR 54
EV/Revenue 0.2500 MYR 0.3300 MYR 0.4100 MYR 43
Asset-Based
NCAV (Graham) 0.0800 MYR 0.1100 MYR 0.1700 MYR 50
Growth DCF
Growth DCF 0.3100 MYR 0.4300 MYR 0.5900 MYR 80
Rev-Margin DCF 0.2700 MYR 0.3900 MYR 0.5300 MYR 74
Economic Profit
Residual Income 0.1600 MYR 0.1800 MYR 0.2800 MYR 76
ROIC Compounder 0.2000 MYR 0.2400 MYR 0.2800 MYR 72
Growth Earnings
Growth-Adj P/E 0.2800 MYR 0.4000 MYR 0.5200 MYR 68

Widest divergence: DCF Models (0.4400 MYR) versus Asset-Based (0.1100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 363M MYR
Revenue growth (YoY) +18.8%
Net margin 9.1%
Return on equity 11.9%
Free cash flow 37.3M MYR FY2025
P/E ratio 10.8
More key figures
Operating margin 11.2%
EPS (TTM) 0.0200 MYR
Dividend yield 4.3%
EPS growth (YoY) -26.5%
Net cash 88.8M MYR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 34

Profitability 39
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

RGB International Bhd., an investment holding company, engages in the manufacturing, distribution, concession and management, and technical support for electronic gaming machines (EGM) in Malaysia, Southeast Asia, and internationally. It operates through four segments: Sales and Marketing, Technical Support and Management, Engineering Services, and Others.

Full company description

RGB International Bhd., an investment holding company, engages in the manufacturing, distribution, concession and management, and technical support for electronic gaming machines (EGM) in Malaysia, Southeast Asia, and internationally. It operates through four segments: Sales and Marketing, Technical Support and Management, Engineering Services, and Others. The company offers gaming and amusement machines, gaming systems, spare parts, casino equipment and accessories, gaming equipment, and accessories; machine concession programs to operators; and product installation, machine relocation and game conversion, gaming table equipment and utility support, and product and scenario-based training solutions. It is also involved in the sale and marketing of security surveillance products and systems; trading and management of gaming and amusement machines and equipment; renting of property; trading, development, and support of system software and hardware; and trading, designing, developing, and supporting of digital hardware and software. The company was formerly known as Dreamgate Corporation Bhd. and changed its name to RGB International Bhd. in May 2010. RGB International Bhd. was founded in 1986 and is headquartered in Georgetown, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RGB International Bhd., an investment holding company, reported revenue of 348M MYR in FY2025 versus 215M MYR in FY2021, a compound +12.8%/yr. Reported net income was 36.4M MYR in FY2025.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
348M MYR
Latest YoY
−55.1%
Avg. growth/yr (3Y) 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.
+8.5%
Avg. growth/yr (5Y) 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.
+12.8%
Avg. growth/yr (19Y) 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.
+2.6%
Revenue +12.8%/yr
FY21 215M MYR
FY22 273M MYR
FY23 699M MYR
FY24 776M MYR
FY25 348M MYR
Net income
FY21 −10.3M MYR
FY22 4.7M MYR
FY23 25.4M MYR
FY24 92.1M MYR
FY25 36.4M MYR
Character of growth · EPS growth decomposed (2014-2025) +9.5 % p.a.
Revenue per share +10.5 pp

of which total revenue +11.2 pp · buybacks/dilution −0.7 pp

EBIT margin −2.4 pp
Tax rate −0.9 pp
Residual (interest, one-offs) +2.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "RGB International Bhd., an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0037

Peer Group

Gambling · 54 stocks

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.

Quality Score 54 · Below median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 3% · Below median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 4.3% · Above median

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 10.8× · Cheaper than 75% of peers
P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 0.22× · Cheaper than 75% of peers
P/FCF 2.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 30
FUTURE 94 · sector 9
PAST 48 · sector 26
HEALTH 100 · sector 89
DIVIDEND 86 · sector 66

Insider activity: 45/100

Values & ESG

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

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is RGB International Bhd., an investment holding company, (0037) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.4100 MYR versus a price of 0.2050 MYR, about +100% (undervalued).
What is the fair value of 0037?
Our model-based fair value for RGB International Bhd., an investment holding company, is 0.4100 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.2050 MYR.
What is the quality score of 0037?
RGB International Bhd., an investment holding company, has a Quality Score of 54/100. 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 revenue of RGB International Bhd., an investment holding company, (0037)?
RGB International Bhd., an investment holding company, reported trailing-twelve-month revenue of about 363M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 0037?
The net profit margin of RGB International Bhd., an investment holding company, is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does RGB International Bhd., an investment holding company, pay a dividend?
RGB International Bhd., an investment holding company, currently shows a dividend yield of about 4.19% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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