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Wellspire Holdings (0271) Fair Value & Analysis

Consumer Defensive · MY · Market cap 456M MYR

WH Wellspire Holdings 0271 · KLSE
Price0.6400 MYR
Fair Value0.1500 MYR
Upside-76.6%
Quality62/100
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Healthy Growth
Thin margins · 2.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 37/100
Evidence: Medium Range 0.1100 MYR – 0.1900 MYR Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price +1.6% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1900 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

0.9700 MYR 0.3550 MYR Fair Value 0.1500 MYR Jan 2023 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

43‑month range 0.3550 MYR – 0.9700 MYR · fair‑value band 0.1100 MYR – 0.1900 MYR · the 0.6400 MYR price screens above the 0.1500 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

Wellspire Holdings (0271) currently trades at 0.6400 MYR, while our model-based Fair Value estimate is 0.1500 MYR, implying the stock looks roughly 76.6% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Defensive 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: medium).

Over the trailing twelve months, Wellspire Holdings generated revenue of 155M MYR at a net margin of 2.0%. Revenue declined 10.7% year over year. It earns a return on equity of 6.8%. Net debt stands at 4.2M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.1100 MYR (bear case) to 0.1900 MYR (bull case); at 0.6400 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 7% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -77%, 0271 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
Growth DCF 0.1900 MYR 0.2500 MYR 0.3300 MYR 80
Residual Income 0.0700 MYR 0.0800 MYR 0.0800 MYR 76
Rev-Margin DCF 0.2200 MYR 0.3200 MYR 0.4300 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.1900 MYR 0.2500 MYR 0.3400 MYR 38
Owner Earnings 0.1600 MYR 0.2100 MYR 0.2700 MYR 31
5Y Revenue Exit 0.2200 MYR 0.3200 MYR 0.4500 MYR 39
5Y EBITDA Exit 0.2300 MYR 0.3500 MYR 0.4800 MYR 41
5Y P/E Exit 0.1800 MYR 0.2400 MYR 0.3100 MYR 38
10Y Revenue Exit 0.2000 MYR 0.2800 MYR 0.4000 MYR 36
10Y EBITDA Exit 0.2100 MYR 0.3000 MYR 0.4300 MYR 37
10Y P/E Exit 0.1800 MYR 0.2400 MYR 0.3100 MYR 35
Earnings-Based
Graham-Dodd 0.0500 MYR 0.1800 MYR 0.2400 MYR 54
Lynch FV 0.0400 MYR 0.0600 MYR 0.0800 MYR 50
PEG = 1.0 0.0400 MYR 0.0600 MYR 0.0800 MYR 46
EPV 0.1900 MYR 0.2000 MYR 0.2200 MYR 59
Dividend Discount
Gordon GGM 0.2500 MYR 0.4500 MYR 0.6200 MYR 70
DDM Multi-Stage 0.2500 MYR 0.4100 MYR 0.4800 MYR 61
Multiples
P/E Multiple 0.1100 MYR 0.1500 MYR 0.1900 MYR 63
P/S Multiple 0.0900 MYR 0.1200 MYR 0.1500 MYR 58
P/B Multiple 0.0900 MYR 0.1200 MYR 0.1500 MYR 55
EV/EBIT 0.3100 MYR 0.3900 MYR 0.4700 MYR 53
EV/EBITDA 0.2800 MYR 0.3500 MYR 0.4200 MYR 54
EV/Revenue 0.2400 MYR 0.3100 MYR 0.3900 MYR 43
Asset-Based
NCAV (Graham) 0.0500 MYR 0.0600 MYR 0.0900 MYR 50
Growth DCF
Growth DCF 0.1900 MYR 0.2500 MYR 0.3300 MYR 80
Rev-Margin DCF 0.2200 MYR 0.3200 MYR 0.4300 MYR 74
Economic Profit
Residual Income 0.0700 MYR 0.0800 MYR 0.0800 MYR 76
ROIC Compounder 0.1900 MYR 0.2200 MYR 0.2400 MYR 72
Growth Earnings
Growth-Adj P/E 0.0800 MYR 0.1200 MYR 0.1500 MYR 68

Widest divergence: Dividend Discount (0.4100 MYR) versus Earnings-Based (0.0600 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 155M MYR
Revenue growth (YoY) -10.7%
Net margin 2.0%
Return on equity 6.8%
Free cash flow 8.9M MYR FY2025
Operating margin 4.7%
More key figures
EPS growth (YoY) -78.2%
Net debt 4.2M MYR FY2021

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 67 · Market factors (momentum, volatility) 58

Profitability 57
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 44
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

Wellspire Holdings Berhad, an investment holding company, engages in the distribution of consumer packaged foods in Thailand, Malaysia, and Singapore. It offers snack food products, such as sunflower seeds, as well as other seeds, nuts, and baked and confectionery products; and trades biomass fuel products.

Full company description

Wellspire Holdings Berhad, an investment holding company, engages in the distribution of consumer packaged foods in Thailand, Malaysia, and Singapore. It offers snack food products, such as sunflower seeds, as well as other seeds, nuts, and baked and confectionery products; and trades biomass fuel products. The company also provides management consultancy services. It sells its products under the ChaCha, Miyu, and Cundo brands, as well as third-party brands. The company also operates as an online retailer of consumer packaged foods. It distributes its products through convenience stores, hypermarkets, and supermarkets, and wholesalers. Wellspire Holdings Berhad was incorporated in 2021 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wellspire Holdings reported revenue of 159M MYR in FY2025 versus 137M MYR in FY2021, a compound +3.9%/yr. Reported net income was 5.2M MYR in FY2025, compounding −17.3%/yr from FY2021.

Growth Quality 66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
159M MYR
Latest YoY
+10.6%
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.
+8.8%
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.
+5.9%
Revenue +3.9%/yr
FY21 137M MYR
FY22 123M MYR
FY23 125M MYR
FY24 144M MYR
FY25 159M MYR
Net income −17.3%/yr
FY21 11.1M MYR
FY22 1.1M MYR
FY23 2.6M MYR
FY24 8.3M MYR
FY25 5.2M MYR

0271 screens 77% overvalued. Compare with Sysco Corporation →

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Cite: Fair Value Calculator (2026). "Wellspire Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0271

Peer Group

Food Distribution · 77 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 62 · Top 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 6% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth -11% · Bottom 25%

Valuation Multiples vs Food Distribution median · lower = cheaper

P/B 1.73× · Pricier than median
P/S (TTM) 0.72× · Pricier than 75% of peers
P/FCF 12.6× · Pricier than median
EV/EBITDA 6.6× · 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 0 · sector 21
FUTURE 0 · sector 14
PAST 27 · sector 36
HEALTH 100 · sector 94
DIVIDEND 0 · sector 42

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

Insider activity: 40/100

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 Food Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.69 $60.58 -26%
US Foods Holding USFD $99.13 $55.10 -44%
Performance Food Group PFGC $113.17 $37.94 -66%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.90 THB 17.04 THB +14%
The Chefs' Warehouse, Inc CHEF $95.79 $37.27 -61%
Olam Group VC2 1.33 SGD 2.12 SGD +59%
United Natural Foods, Inc UNFI $50.19 $6.00 -88%
The Andersons, Inc ANDE $79.24 $47.78 -40%
Metcash Limited MTS A$2.92 A$5.33 +83%

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Frequently asked questions

Is Wellspire Holdings (0271) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.1500 MYR versus a price of 0.6400 MYR, about −77% (overvalued).
What is the fair value of 0271?
Our model-based fair value for Wellspire Holdings is 0.1500 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.6400 MYR.
What is the quality score of 0271?
Wellspire Holdings has a Quality Score of 62/100. 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 Wellspire Holdings (0271)?
Wellspire Holdings reported trailing-twelve-month revenue of about 155M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 0271?
The net profit margin of Wellspire Holdings is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. 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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