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Ecomate Holdings Bhd (0239) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Ecomate Holdings Bhd stock MYR 0.14, price MYR 0.86, that is 83.7% below the price, quality 31 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical MY · ISIN MYQ0239OO002

EH Ecomate Holdings Bhd logo Thin data Nov 13, 2026

Ecomate Holdings Bhd

0239 · KLSE

Far too expensive (fair value 84% below the price) and weak company, but rising price: meets 1 of 3 rules.

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Rising price (uptrend) 
Low debt 
Revenue last quarter +51% vs. a year ago. 
Loss over the last twelve months · -5.3% net margin (TTM) · fiscal year 2025 0.1% 
Fair value 0.1400 MYR · Strongly overvalued 
Quality 31/100 
Weak Growth (revenue 5y +0.0 %/yr in MYR) 
Negative free cash flow 
Trails peers (1/10) 
Narrow moat 11/100
Thin data 
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

0.8700 MYR 0.1966 MYR Fair Value 0.1400 MYR Nov 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.

How to read this chart

60‑month range 0.1966 MYR – 0.8700 MYR · fair‑value band 0.1000 MYR – 0.1700 MYR · the 0.8600 MYR price screens above the 0.1400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.

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Company profile

Ecomate Holdings Berhad, an investment holding company, designs, develops, produces, markets, and sells ready-to-assemble furniture products and parts in Africa, Australasia, Europe, North America, Malaysia, South America, and Asia.

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The company offers various furniture products, such as living room furniture, including console tables, coffee tables, multi-function cabinets, shoe cabinets, side tables, and television cabinets; bedroom furniture, such as bed frames, book shelves, drawer chests, dressing tables, night stands, wardrobes, and writing tables; and other furniture including bar and wine cabinets, dining tables, and kitchen cabinets, as well as other types of furniture tailored to its customer's specifications.

It also provides management services. Ecomate Holdings Berhad was founded in 2016 and is headquartered in Muar, Malaysia.

Stock analysis

Ecomate Holdings Bhd (0239) currently trades at 0.8600 MYR, while our model-based Fair Value estimate is 0.1400 MYR, 84% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 0.1400 MYR per share, and 0 of the 3 models we run sit above the 0.8600 MYR price.

Bear case: the Economic Profit group reads lowest at 0.0300 MYR, and 3 of the 3 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.1000 MYR (bear) to 0.1700 MYR (bull), the price of 0.8600 MYR sits above 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 31/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Ecomate Holdings Bhd reported revenue of 56.5M MYR in FY2025 versus 58.7M MYR in FY2021, a compound −1.0%/yr. Reported net income was 68.0K MYR in FY2025, compounding −68.7%/yr from FY2021.

Key figures

Market cap 616M MYR (≈ $151M) Micro · P/S ratio 8.90 · EPS (TTM) −0.0100 MYR · Net margin 0.1% · Return on equity −6.3% · Return on assets (EBIT) 13.2% (5-year average) · Operating margin −13.2% · Revenue (TTM) 69.2M MYR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (medium confidence).

What moves the price

The share trades about 1% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at −84%, 0239 screens richer than that median.

Fair Value models

Bear 0.1000 MYR Fair Value 0.1400 MYR Bull 0.1700 MYR
Price 0.8600 MYR · Downside -83.7%
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. 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
Residual Income 0.0300 MYR 0.0300 MYR 0.0400 MYR 76
EV/EBITDA n/a n/a 0.0100 MYR 62
P/B Multiple 0.1000 MYR 0.1400 MYR 0.1700 MYR 55
All 4 models by family
Multiples
P/B Multiple 0.1000 MYR 0.1400 MYR 0.1700 MYR 55
EV/EBITDA n/a n/a 0.0100 MYR 62
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0500 MYR 0.0700 MYR 54
Economic Profit
Residual Income 0.0300 MYR 0.0300 MYR 0.0400 MYR 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 25
How much profit the company makes from its sales and capital
Quality Growth 19
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 54
Debt, balance sheet and risk of trouble
Investment 34
Does it invest with discipline instead of growing at any price?
Low Volatility 100
How calm the share price moves, does not count
Price momentum 43
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 59
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 19/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+11.7%
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.
+3.2%
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.
+0.0%
Start year 2020 (pandemic)
Revenue growth 7 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.
+12.9%
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.
−65.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−65.8%
Dividend (yield on the price)0.0%
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.19% → 2%
⚠ Revenue per share shrinking 10.2%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

0239 screens overvalued: fair value 84% below the price. Compare with Midea Group →

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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.Furnishings, Fixtures & Appliances · 306 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −83.7% · Bottom 25%
Profitability
Return on assets 0.4% · Below median
Net margin (12 months) −37.6% · Bottom 25%
Operating margin (12 months) −13.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 51.2% · Top 25%
Balance sheet
Debt / equity 0.40× · Highest 25%

Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper

P/B 13.77× · Priciest 25%
P/S (12 months) 62.76× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 28
FUTURE (revenue growth)100 · sector 8
PAST (return on equity)0 · sector 19
HEALTH (low debt)80 · sector 98
DIVIDEND (yield)0 · sector 58

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

Context: sector, industry, market

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

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Gree Electric Appliances, Inc 000651 ¥39.96 ¥97.62 +144% vs 0239
Haier Smart Home Co 600690 ¥21.23 ¥45.72 +115% vs 0239
Midea Group 000333 ¥90.55 ¥129.20 +43% vs 0239
Zhejiang Supor Co 002032 ¥45.23 ¥50.78 +12% vs 0239
COWAY Co 021240 102,500 KRW 80,201 KRW −22% vs 0239
Mohawk Industries, Inc MHK $147.38 $114.64 −22% vs 0239
King Slide Works Co 2059 7,880 TWD 4,427 TWD −44% vs 0239
Somnigroup International Inc SGI $60.76 $29.05 −52% vs 0239
SharkNinja, Inc SN $226.39 $101.56 −55% vs 0239
Guangdong Songfa Ceramics Co 603268 ¥171.54 ¥31.45 −82% vs 0239

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Ecomate Holdings Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ecomate Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0239

Frequently asked questions

Is Ecomate Holdings Bhd (0239) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of 0.1400 MYR versus a price of 0.8600 MYR, about 84% lower (overvalued).
What is the fair value of 0239?
Our model-based fair value for Ecomate Holdings Bhd is 0.1400 MYR (as of Nov 13, 2026), built from audited fundamentals. The current price: 0.8600 MYR.
What is the quality score of 0239?
Ecomate Holdings Bhd has a Quality Score of 31/100. 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 Ecomate Holdings Bhd (0239)?
Our model-based price target is the fair value of 0.1400 MYR (as of Nov 13, 2026) from 4 valuation models. Cautious scenario 0.1000 MYR, optimistic scenario 0.1700 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Ecomate Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.1400 MYR, about 84% lower versus a price of 0.8600 MYR (overvalued). Cautious scenario 0.1000 MYR, optimistic scenario 0.1700 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Ecomate Holdings Bhd (0239)?
Ecomate Holdings Bhd reported trailing-twelve-month revenue of about 69.2M MYR (latest available figure, as of Nov 13, 2026).
What is the intrinsic value of Ecomate Holdings Bhd (0239)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ecomate Holdings Bhd it is 0.1400 MYR per share (as of Nov 13, 2026), against a price of 0.8600 MYR. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Ecomate Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 13, 2026, 0239 trades above its calculated fair value: price 0.8600 MYR, fair value 0.1400 MYR, a gap of about −84% (overvalued). 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 0239?
No. The price is what the market pays today (0.8600 MYR); the fair value is what the company's own numbers justify (0.1400 MYR). For Ecomate Holdings Bhd the two are 0.7200 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Ecomate Holdings Bhd worth?
The market values Ecomate Holdings Bhd at about 616M MYR (market capitalisation, as of Nov 13, 2026). Per share that is 0.8600 MYR; our models calculate a fair value of 0.1400 MYR per share.
What do the bullish and bearish scenarios say about 0239?
Our models span a range for Ecomate Holdings Bhd: cautious scenario 0.1000 MYR, base 0.1400 MYR, optimistic 0.1700 MYR per share (as of Nov 13, 2026, price 0.8600 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ecomate Holdings Bhd (0239)?
Balance-sheet figures for Ecomate Holdings Bhd (as of Nov 13, 2026): return on equity −6.3%, debt of 0.40 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 0239 from its 52-week high?
Ecomate Holdings Bhd trades at 0.8600 MYR, about 1% below its 52-week high of 0.8700 MYR and 10% above the low of 0.7850 MYR (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1400 MYR is for.
Which stocks are comparable to Ecomate Holdings Bhd?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, 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 Ecomate Holdings Bhd stock attractive at the current price?
The data as of Nov 13, 2026: price 0.8600 MYR, calculated fair value 0.1400 MYR (−84%), Quality Score 31/100, from 4 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 0239 calculated?
We run Ecomate Holdings Bhd through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.1400 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 13.9% above its aggregate fair value. Ecomate Holdings Bhd itself currently trades above fair value. 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 Ecomate Holdings Bhd (0239)?
The closing price on Nov 13, 2026 was 0.8600 MYR. Our model-based fair value is 0.1400 MYR, about 84% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ecomate Holdings Bhd right now?
The price sits above even our optimistic bull case (0.1700 MYR). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Ecomate Holdings Bhd

How large is the market capitalisation of Ecomate Holdings Bhd (0239)?
The market capitalisation of Ecomate Holdings Bhd is 616M MYR (≈ $151M). 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 Ecomate Holdings Bhd (0239)?
The price-to-sales ratio of Ecomate Holdings Bhd is 8.90 (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 Ecomate Holdings Bhd (0239)?
Earnings per share at Ecomate Holdings Bhd are −0.0100 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ecomate Holdings Bhd (0239)?
The net margin of Ecomate Holdings Bhd is 0.1% (fiscal year 2025). 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 Ecomate Holdings Bhd (0239)?
The return on equity (ROE) of Ecomate Holdings Bhd is −6.3% (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 Ecomate Holdings Bhd (0239)?
On an EBIT basis the return on assets of Ecomate Holdings Bhd is 13.2% (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 Ecomate Holdings Bhd (0239)?
The operating margin of Ecomate Holdings Bhd is −13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ecomate Holdings Bhd (0239)?
Revenue at Ecomate Holdings Bhd is growing +51.2% versus a year earlier (3y avg +3.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Ecomate Holdings Bhd (0239) generate?
The free cash flow of Ecomate Holdings Bhd is −14.2M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ecomate Holdings Bhd (0239) carry?
The net debt of Ecomate Holdings Bhd is 15.7M MYR (fiscal year 2025). 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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