GFM Services Bhd (0039) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of GFM Services Bhd stock MYR 0.42, price MYR 0.18, upside +140.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 3, 2026.
How to read this chart
60‑month range 0.1270 MYR – 0.4256 MYR · fair‑value band 0.3100 MYR – 0.5200 MYR · the 0.1750 MYR price screens below the 0.4200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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GFM Services Berhad, an investment holding company, provides facilities management services in Malaysia. It operates through the Facilities Management, Concession Arrangements, Oil and Gas Services, and Others segments.
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The Facilities Management segment offers facilities operations, maintenance and management, engineering, consultancy, and advisory services. Its Concession Arrangements segment constructs and maintains facilities and infrastructure.
The Oil and Gas Services segment engages in the trading of chemical and oil products; and provision of engineering services. Its Others segment provides fundraising and administrative services.
It also provides fabrication, retail trading, and marine services; repair and maintenance of other equipment; and issuance of Islamic securities and investment in Shariah-compliant securities. GFM Services Berhad was founded in 2000 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
GFM Services Bhd (0039) currently trades at 0.1750 MYR, while our model-based Fair Value estimate is 0.4200 MYR, implying the stock looks roughly 58% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.6300 MYR per share, and 24 of the 26 models we run sit above the 0.1750 MYR price.
Bear case: the Asset-Based group reads lowest at 0.0700 MYR, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.3100 MYR (bear) to 0.5200 MYR (bull), the price of 0.1750 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 45/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
GFM Services Bhd reported revenue of 209M MYR in FY2025 versus 124M MYR in FY2021, a compound +13.8%/yr. Reported net income was 15.1M MYR in FY2025, compounding +10.9%/yr from FY2021.
Key figures
Market cap 133M MYR (≈ $32.7M) Micro · P/E ratio 8.8 · P/S ratio 0.47 · EPS (TTM) 0.0200 MYR · Dividend yield 1.1% · Net margin 6.0% · Return on equity 8.4% · Return on assets (EBIT) 8.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 140%, 0039 screens cheaper than that median.
Fair Value models
Bear0.3100 MYRFair Value 0.4200 MYRBull0.5200 MYR
Price 0.1750 MYR · Upside +140.0%
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 (0.0154 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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.5%
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.
+14.0%
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.
+12.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+9.5%
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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.
−2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.5%
Dividend (yield on the price)1.1%
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.3.9% vs −4.2%, 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.35% → 24%
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.
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).
+7.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +5.3% a year for the price.
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.Specialty Business Services · 229 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside+140.0% · Top 25%
Profitability
Return on equity (12 months)8.4% · Below median
Return on assets2.2% · Below median
Net margin (12 months)6.0% · Above median
Operating margin (12 months)20.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)81.4% · Top 25%
Dividend yield (12 months)1.1% · Bottom 25%
Balance sheet
Debt / equity1.16× · Highest 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (12 months)8.8× · Cheapest 25%
P/B0.60× · Cheapest 25%
P/S (12 months)0.47× · Cheapest 25%
Price / free cash flow (fiscal year)8.7× · Cheaper than median
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). "GFM Services Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0039
Frequently asked questions
Is GFM Services Bhd (0039) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.4200 MYR versus a price of 0.1750 MYR, about +140% upside (undervalued).
What is the fair value of 0039?
Our model-based fair value for GFM Services Bhd is 0.4200 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.1750 MYR.
What is the quality score of 0039?
GFM Services Bhd has a Quality Score of 45/100. 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 GFM Services Bhd (0039)?
Our model-based price target is the fair value of 0.4200 MYR (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 0.3100 MYR, optimistic scenario 0.5200 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the GFM Services Bhd stock forecast for 2026?
Our models put fair value at 0.4200 MYR, about +140% upside versus a price of 0.1750 MYR (undervalued). Cautious scenario 0.3100 MYR, optimistic scenario 0.5200 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of GFM Services Bhd (0039)?
GFM Services Bhd reported trailing-twelve-month revenue of about 286M MYR (latest available figure, as of Nov 3, 2026).
Does GFM Services Bhd pay a dividend?
GFM Services Bhd currently shows a dividend yield of 1.14% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of GFM Services Bhd (0039) and when is the ex-dividend date?
GFM Services Bhd pays a dividend of 0.002 MYR per share a year, a dividend yield of 1.1%. The last ex-dividend date was Jun 23, 2026. A dividend has been paid every year since at least 2017. The payout ratio is 10.0% of earnings. Free cash flow covers the dividend 10.06 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 GFM Services Bhd (0039)?
For today's price to be fair in a discounted-cash-flow model, GFM Services Bhd would have to grow free cash flow by +7.4 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.2 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 0039 use?
Our models discount GFM Services Bhd at 9.9 %: a base by market capitalisation (nano), damped by beta 0.59, 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 GFM Services Bhd that is +7.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has GFM Services Bhd (0039) delivered so far?
Over the past 5 years revenue at GFM Services Bhd grew +12.2 % a year. The price currently implies free-cash-flow growth of +7.4 % 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 GFM Services Bhd (0039) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into GFM Services Bhd (+7.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GFM Services Bhd (0039)?
The free-cash-flow yield on the price is 11.48 %: that much free cash flow GFM Services Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GFM Services Bhd (0039)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GFM Services Bhd it is 0.4200 MYR per share (as of Nov 3, 2026), against a price of 0.1750 MYR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is GFM Services Bhd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 0039 trades below its calculated fair value: price 0.1750 MYR, fair value 0.4200 MYR, a gap of about +140% (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 0039?
No. The price is what the market pays today (0.1750 MYR); the fair value is what the company's own numbers justify (0.4200 MYR). For GFM Services Bhd the two are 0.2450 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is GFM Services Bhd worth?
The market values GFM Services Bhd at about 133M MYR (market capitalisation, as of Nov 3, 2026). Per share that is 0.1750 MYR; our models calculate a fair value of 0.4200 MYR per share.
What do the bullish and bearish scenarios say about 0039?
Our models span a range for GFM Services Bhd: cautious scenario 0.3100 MYR, base 0.4200 MYR, optimistic 0.5200 MYR per share (as of Nov 3, 2026, price 0.1750 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0039?
GFM Services Bhd trades at a price-to-earnings ratio of 8.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.4200 MYR is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 9.0. Other multiples: P/B 0.6, P/S 0.5, EV/EBITDA 4.1.
How solid is the balance sheet of GFM Services Bhd (0039)?
Balance-sheet figures for GFM Services Bhd (as of Nov 3, 2026): return on equity 8.4%, debt of 1.16 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 0039 from its 52-week high?
GFM Services Bhd trades at 0.1750 MYR, about 19% below its 52-week high of 0.2150 MYR and 18% above the low of 0.1482 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4200 MYR is for.
Which stocks are comparable to GFM Services Bhd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 GFM Services Bhd stock attractive at the current price?
The data as of Nov 3, 2026: price 0.1750 MYR, calculated fair value 0.4200 MYR (+140%), Quality Score 45/100, from 26 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 0039 calculated?
We run GFM Services Bhd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.4200 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. GFM Services Bhd currently trades 58% 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 GFM Services Bhd (0039)?
The closing price on Nov 6, 2026 was 0.1750 MYR. Our model-based fair value is 0.4200 MYR, about +140% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GFM Services Bhd right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.3100 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.
Key figures of GFM Services Bhd
How large is the market capitalisation of GFM Services Bhd (0039)?
The market capitalisation of GFM Services Bhd is 133M MYR (≈ $32.7M). 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 GFM Services Bhd (0039)?
The price-to-sales ratio of GFM Services Bhd is 0.47 (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 GFM Services Bhd (0039)?
Earnings per share at GFM Services Bhd are 0.0200 MYR (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GFM Services Bhd (0039)?
The dividend yield of GFM Services Bhd is 1.1% (payout 10.0%). 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 GFM Services Bhd (0039)?
The net margin of GFM Services Bhd is 6.0% (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 GFM Services Bhd (0039)?
The return on equity (ROE) of GFM Services Bhd is 8.4% (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 GFM Services Bhd (0039)?
On an EBIT basis the return on assets of GFM Services Bhd is 8.9% (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 GFM Services Bhd (0039)?
The operating margin of GFM Services Bhd is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GFM Services Bhd (0039)?
Revenue at GFM Services Bhd is growing +81.4% versus a year earlier (3y avg +14.0%). 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 GFM Services Bhd (0039)?
Earnings per share at GFM Services Bhd are growing +27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GFM Services Bhd (0039) carry?
The net debt of GFM Services Bhd is 256M MYR (fiscal year 2025, ≈ 16.8 yrs of FCF). 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 3, 2026