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Flexidynamic Holdings (0231) Fair Value & Analysis

Industrials · MY · Market cap 39.0M MYR

FH Flexidynamic Holdings 0231 · KLSE
Price0.1250 MYR
Fair Value0.1100 MYR
Upside-12.0%
Quality48/100
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Mixed Growth
Loss-making · -16.5% net margin
Moderate debt · generates free cash flow
Trails peers (4/11)
Narrow moat 14/100
Evidence: Low Range 0.0600 MYR – 0.1500 MYR Share as image

Fair value as of: Jul 16, 2026

From 7 valuation models · updated 25 days ago

Share price −3.8% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.0600 MYR to 0.1500 MYR) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.5131 MYR 0.1050 MYR Fair Value 0.1100 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.1050 MYR – 0.5131 MYR · fair‑value band 0.0600 MYR – 0.1500 MYR · the 0.1250 MYR price screens above the 0.1100 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Flexidynamic Holdings (0231) currently trades at 0.1250 MYR, while our model-based Fair Value estimate is 0.1100 MYR, implying the stock looks roughly 12.0% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, Flexidynamic Holdings generated revenue of 68.7M MYR at a net margin of -16.5%. Revenue grew 1.8% year over year. It earns a return on equity of -31.8%. Net debt stands at 12.6M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.0600 MYR (bear case) to 0.1500 MYR (bull case); at 0.1250 MYR, the current price sits within 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 29% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -12%, 0231 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 0.0900 MYR 0.1700 MYR 0.2800 MYR 80
Rev-Margin DCF 0.0800 MYR 0.1700 MYR 0.3000 MYR 74
NCAV (Graham) 0.0500 MYR 0.0700 MYR 0.1000 MYR 50
All 7 models by family
DCF Models
FCF DCF 0.0900 MYR 0.1700 MYR 0.3300 MYR 38
5Y Revenue Exit 0.0800 MYR 0.1800 MYR 0.3000 MYR 39
10Y Revenue Exit 0.0800 MYR 0.1600 MYR 0.3000 MYR 36
Multiples
EV/Revenue 0.0800 MYR 0.1200 MYR 0.1700 MYR 43
Asset-Based
NCAV (Graham) 0.0500 MYR 0.0700 MYR 0.1000 MYR 50
Growth DCF
Growth DCF 0.0900 MYR 0.1700 MYR 0.2800 MYR 80
Rev-Margin DCF 0.0800 MYR 0.1700 MYR 0.3000 MYR 74

Widest divergence: DCF Models (0.1700 MYR) versus Asset-Based (0.0700 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 68.7M MYR
Revenue growth (YoY) +1.8%
Net margin -16.5%
Return on equity -31.8%
Free cash flow 3.5M MYR FY2025
Operating margin 2.5%
More key figures
EPS (TTM) -0.0400 MYR
EPS growth (YoY) +86.5%
Net debt 12.6M MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 38

Profitability 13
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 73
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

Flexidynamic Holdings Berhad, an investment holding company, engages in the design, engineering, installation, commissioning, and maintenance of glove chlorination systems in Malaysia, Thailand, Vietnam, Indonesia, Sri Lanka, and the United States. It operates through Engineering, Trading and Services, Glove Formers, and Other segments.

Full company description

Flexidynamic Holdings Berhad, an investment holding company, engages in the design, engineering, installation, commissioning, and maintenance of glove chlorination systems in Malaysia, Thailand, Vietnam, Indonesia, Sri Lanka, and the United States. It operates through Engineering, Trading and Services, Glove Formers, and Other segments. The company also designs and installs storage tanks and process tanks for the glove manufacturing industry, as well as supplies and installs mechanical and electrical engineering works. In addition, it offers fiberglass reinforced plastic (FRP) and stainless steel tanks for chlorine, acid, alkali, and raw materials; and ceramic hand molds, as well as provision of sterilisation services to pharmaceuticals, food processing, and packaging sectors. Further, the company is involved in the trading of replacement parts; maintenance, refurbishment, and servicing of equipment; mechanical and electrical engineering for water treatment plant; and installation and maintenance of glove chlorination systems. Additionally, it manufactures glove formers. Flexidynamic Holdings Berhad was founded in 2012 and is headquartered in Puchong, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Flexidynamic Holdings reported revenue of 68.4M MYR in FY2025 versus 106M MYR in FY2021, a compound −10.3%/yr. Reported net income was −11.5M MYR in FY2025.

Growth Quality 38/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
68.4M MYR
Latest YoY
+29.7%
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.
−8.2%
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.
+3.7%
Avg. growth/yr (8Y) 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.
+10.9%
Revenue −10.3%/yr
FY21 106M MYR
FY22 88.3M MYR
FY23 38.3M MYR
FY24 52.7M MYR
FY25 68.4M MYR
Net income
FY21 3.2M MYR
FY22 −3.9M MYR
FY23 909K MYR
FY24 1.5M MYR
FY25 −11.5M MYR

0231 screens 12% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Flexidynamic Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0231

Peer Group

Specialty Industrial Machinery · 808 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 48 · Below median
Fair Value upside −12% · Above median
Return on assets -7% · Bottom 25%
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth 2% · Below median
Debt / equity 0.50× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 2.7× · Cheaper than median

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 17 · sector 0
FUTURE 9 · sector 23
PAST 0 · sector 28
HEALTH 75 · sector 96
DIVIDEND 0 · sector 24

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.

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Frequently asked questions

Is Flexidynamic Holdings (0231) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.1100 MYR versus a price of 0.1250 MYR, about −12% (overvalued).
What is the fair value of 0231?
Our model-based fair value for Flexidynamic Holdings is 0.1100 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.1250 MYR.
What is the quality score of 0231?
Flexidynamic Holdings has a Quality Score of 48/100. 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 Flexidynamic Holdings (0231)?
Flexidynamic Holdings reported trailing-twelve-month revenue of about 68.7M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 0231?
The net profit margin of Flexidynamic Holdings is about -16.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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