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AuMas Resources Berhad, an investment holding company, (0098) Fair Value & Analysis

Basic Materials · MY · Market cap 665M MYR

AR AuMas Resources Berhad, an investment holding company, 0098 · KLSE
Price0.3600 MYR
Fair Value0.2635 MYR
Upside-26.8%
Quality46/100
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Expensive Growth
Solidly profitable · 15.8% net margin
Low debt · negative free cash flow
6.67% dividend yield
Ranks above peers (11/13)
Wide moat 67/100
Evidence: High Range 0.1785 MYR – 0.3315 MYR Share as image

Fair value as of: Jul 14, 2026

From 17 valuation models · updated 27 days ago

Share price −1.4% over the past month.

Below-average quality, and screening another 27% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.3315 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.1785 MYR to 0.3315 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.9224 MYR 0.1088 MYR Fair Value 0.2635 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 0.1088 MYR – 0.9224 MYR · fair‑value band 0.1785 MYR – 0.3315 MYR · the 0.3600 MYR price screens above the 0.2635 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

AuMas Resources Berhad, an investment holding company, (0098) currently trades at 0.3600 MYR, while our model-based Fair Value estimate is 0.2635 MYR, implying the stock looks roughly 26.8% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, AuMas Resources Berhad, an investment holding company, generated revenue of 238M MYR at a net margin of 15.8%. Revenue declined 40.8% year over year. It earns a return on equity of 9.3%. The balance sheet holds a net cash position of 40.1M MYR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 0.1785 MYR (bear case) to 0.3315 MYR (bull case); at 0.3600 MYR, the current price sits above 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 58% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at -27%, 0098 screens richer 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
Residual Income 0.1700 MYR 0.1900 MYR 0.2000 MYR 76
ROIC Compounder 0.1400 MYR 0.1500 MYR 0.1600 MYR 72
Gordon GGM 0.1900 MYR 0.3500 MYR 0.4800 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.1300 MYR 0.2300 MYR 0.4300 MYR 31
Earnings-Based
Graham-Dodd 0.1200 MYR 0.8700 MYR 1.22 MYR 54
Lynch FV 0.3400 MYR 0.4900 MYR 0.6400 MYR 50
PEG = 1.0 0.3400 MYR 0.4900 MYR 0.6400 MYR 46
EPV 0.1400 MYR 0.1500 MYR 0.1600 MYR 59
Dividend Discount
Gordon GGM 0.1900 MYR 0.3500 MYR 0.4800 MYR 70
DDM Multi-Stage 0.1900 MYR 0.3200 MYR 0.3700 MYR 61
Multiples
P/E Multiple 0.2300 MYR 0.3100 MYR 0.3900 MYR 63
P/S Multiple 0.1500 MYR 0.2000 MYR 0.2600 MYR 58
P/B Multiple 0.2300 MYR 0.3100 MYR 0.3900 MYR 55
EV/EBIT 0.3000 MYR 0.4000 MYR 0.4900 MYR 53
EV/EBITDA 0.2900 MYR 0.3800 MYR 0.4600 MYR 54
EV/Revenue 0.1700 MYR 0.2300 MYR 0.2900 MYR 43
Asset-Based
NCAV (Graham) 0.1100 MYR 0.1400 MYR 0.2200 MYR 50
Economic Profit
Residual Income 0.1700 MYR 0.1900 MYR 0.2000 MYR 76
ROIC Compounder 0.1400 MYR 0.1500 MYR 0.1600 MYR 72
Growth Earnings
Growth-Adj P/E 0.4000 MYR 0.5700 MYR 0.7400 MYR 68

Widest divergence: Growth Earnings (0.5700 MYR) versus Asset-Based (0.1400 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 238M MYR
Revenue growth (YoY) -40.8%
Net margin 15.8%
Return on equity 9.3%
Free cash flow −2.9M MYR FY2025
P/E ratio 19.8
More key figures
Operating margin 39.9%
EPS (TTM) 0.0200 MYR
Dividend yield 6.3%
EPS growth (YoY) -25.9%
Net cash 40.1M MYR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 22

Profitability 43
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 11
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 47
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

AuMas Resources Berhad, an investment holding company, engages in gold mining business in Malaysia. It operates Mining Operations and Aquaculture Operations segments. The company explores for gold, silver, and copper deposits. It holds a goldmine comprising a total mining area of 317.7 hectares located in Tawau, Sabah State, Malaysia.

Full company description

AuMas Resources Berhad, an investment holding company, engages in gold mining business in Malaysia. It operates Mining Operations and Aquaculture Operations segments. The company explores for gold, silver, and copper deposits. It holds a goldmine comprising a total mining area of 317.7 hectares located in Tawau, Sabah State, Malaysia. The company was formerly known as Bahvest Resources Berhad and changed its name to AuMas Resources Berhad in December 2024. AuMas Resources Berhad was incorporated in 2004 and is based in Tawau, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AuMas Resources Berhad, an investment holding company, reported revenue of 249M MYR in FY2025 versus 95.9M MYR in FY2021, a compound +26.9%/yr. Reported net income was 33.4M MYR in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
249M MYR
Latest YoY
+46.4%
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.
+18.5%
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.
+21.2%
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.
+21.2%
Revenue +26.9%/yr
FY21 95.9M MYR
FY22 149M MYR
FY23 134M MYR
FY24 170M MYR
FY25 249M MYR
Net income
FY21 −14.1M MYR
FY22 12.4M MYR
FY23 674K MYR
FY24 32.5M MYR
FY25 33.4M MYR

0098 screens 27% overvalued. Compare with Newmont Corporation →

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Cite: Fair Value Calculator (2026). "AuMas Resources Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0098

Peer Group

Gold · 259 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 46 · Above median
Fair Value upside −27% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 8% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 40% · Above median
Revenue growth -41% · Bottom 25%
Dividend yield (TTM) 6.7% · Top 25%

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 18.3× · Pricier than 75% of peers
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 0.68× · Cheaper than 75% of peers
EV/EBITDA 1.6× · 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 0 · sector 0
FUTURE 0 · sector 100
PAST 37 · sector 0
HEALTH 100 · sector 98
DIVIDEND 100 · sector 24

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

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

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

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥28.36 ¥30.58 +8%
Agnico Eagle Mines Limited AEM C$191.93 C$154.33 -20%
Barrick Mining Corporation B $34.93 $50.66 +45%
Wheaton Precious Metals Corp WPM C$152.57 C$52.47 -66%
Franco-Nevada Corporation FNV C$284.75 C$97.76 -66%
AngloGold Ashanti plc AU $76.35 $88.63 +16%
Gold Fields Limited GFI $33.33 $59.06 +77%
Kinross Gold Corporation KGC $22.57 $34.62 +53%
Northern Star Resources Limited NST A$20.48 A$15.98 -22%

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Frequently asked questions

Is AuMas Resources Berhad, an investment holding company, (0098) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 0.2635 MYR versus a price of 0.3600 MYR, about −27% (overvalued).
What is the fair value of 0098?
Our model-based fair value for AuMas Resources Berhad, an investment holding company, is 0.2635 MYR (as of Jul 14, 2026), built from audited fundamentals. The current price is 0.3600 MYR.
What is the quality score of 0098?
AuMas Resources Berhad, an investment holding company, has a Quality Score of 46/100. 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 AuMas Resources Berhad, an investment holding company, (0098)?
AuMas Resources Berhad, an investment holding company, reported trailing-twelve-month revenue of about 238M MYR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 0098?
The net profit margin of AuMas Resources Berhad, an investment holding company, is about 15.8%, meaning it keeps roughly 15.8% of revenue as net income. Based on the latest reported figures.
Does AuMas Resources Berhad, an investment holding company, pay a dividend?
AuMas Resources Berhad, an investment holding company, currently shows a dividend yield of about 6.25% relative to its recent price (as of Jul 14, 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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