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SBH Marine Holdings (0300) Fair Value & Analysis

Consumer Defensive · MY · Market cap 138M MYR

SM SBH Marine Holdings 0300 · KLSE
Price0.1750 MYR
Fair Value0.0500 MYR
Upside-71.4%
Quality40/100
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Expensive Growth
Loss-making · -0.7% net margin
Low debt · negative free cash flow
2.00% dividend yield
Trails peers (2/11)
Narrow moat 15/100
Evidence: Medium Range 0.0400 MYR – 0.0600 MYR Share as image

Fair value as of: Jul 17, 2026

From 8 valuation models · updated 24 days ago

Share price +20.7% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0600 MYR). The favourable scenario is already priced in.
  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (2 years)

0.3390 MYR 0.1400 MYR Fair Value 0.0500 MYR Apr 2024 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

28‑month range 0.1400 MYR – 0.3390 MYR · fair‑value band 0.0400 MYR – 0.0600 MYR · the 0.1750 MYR price screens above the 0.0500 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

SBH Marine Holdings (0300) currently trades at 0.1750 MYR, while our model-based Fair Value estimate is 0.0500 MYR, implying the stock looks roughly 71.4% overvalued today. The Quality Score stands at 40/100 (below-average 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, SBH Marine Holdings generated revenue of 184M MYR at a net margin of -0.7%. Revenue declined 17.8% year over year. It earns a return on equity of -1.0%. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.0400 MYR (bear case) to 0.0600 MYR (bull case); at 0.1750 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 23% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -71%, 0300 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 0.0900 MYR 0.0800 MYR 0.0600 MYR 76
Growth-Adj P/E 0.0300 MYR 0.0400 MYR 0.0500 MYR 68
P/E Multiple 0.0400 MYR 0.0500 MYR 0.0700 MYR 63
All 8 models by family
Earnings-Based
Graham-Dodd 0.0200 MYR 0.0300 MYR 0.0400 MYR 54
Multiples
P/E Multiple 0.0400 MYR 0.0500 MYR 0.0700 MYR 63
P/S Multiple 0.0300 MYR 0.0500 MYR 0.0600 MYR 58
P/B Multiple 0.0300 MYR 0.0500 MYR 0.0600 MYR 55
EV/EBITDA 0.0400 MYR 0.0400 MYR 0.0400 MYR 54
Asset-Based
NCAV (Graham) 0.0700 MYR 0.1000 MYR 0.1400 MYR 50
Economic Profit
Residual Income 0.0900 MYR 0.0800 MYR 0.0600 MYR 76
Growth Earnings
Growth-Adj P/E 0.0300 MYR 0.0400 MYR 0.0500 MYR 68

Widest divergence: Asset-Based (0.1000 MYR) versus Earnings-Based (0.0300 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 184M MYR
Revenue growth (YoY) -17.8%
Net margin -0.7%
Return on equity -1.0%
Free cash flow −24.0M MYR FY2025
Operating margin -6.1%
More key figures
Dividend yield 2.1%
EPS growth (YoY) +55.3%

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 45 · Market factors (momentum, volatility) 48

Profitability 33
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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

SBH Marine Holdings Berhad, together with its subsidiaries, manufactures, trades in, and exports frozen seafood products in Malaysia, Turkey, Taiwan, Korea, Italy, France, Australia, Asia, and Europe.

Full company description

SBH Marine Holdings Berhad, together with its subsidiaries, manufactures, trades in, and exports frozen seafood products in Malaysia, Turkey, Taiwan, Korea, Italy, France, Australia, Asia, and Europe. It processes and sells wild caught, farmed, and imported frozen seafood products, including black tiger, vannamei, and cat tiger shrimps, as well as squid, cuttlefish, and octopus. The company also engages in merchant trading of frozen processed seafood products; distribution and trading of aquaculture related products, such as shrimp feed, post larvae, probiotics, and test kits; and aquaculture shrimp farming operations. In addition, it is involved in the trade, import, and export of various marine products; shrimp hatchery and nursery center business; and provision of management services. The company was formerly known as Fantastic Holdings Berhad and changed its name to SBH Marine Holdings Berhad in March 2023. SBH Marine Holdings Berhad was incorporated in 2000 and is headquartered in Kuala Kurau, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SBH Marine Holdings reported revenue of 193M MYR in FY2025 versus 192M MYR in FY2021, a compound +0.1%/yr. Reported net income was 2.4M MYR in FY2025, compounding −34.5%/yr from FY2021.

Growth Quality 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
193M MYR
Latest YoY
+0.1%
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.
+1.4%
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.
+6.5%
Revenue +0.1%/yr
FY21 192M MYR
FY22 185M MYR
FY23 191M MYR
FY24 193M MYR
FY25 193M MYR
Net income −34.5%/yr
FY21 13.0M MYR
FY22 12.9M MYR
FY23 12.5M MYR
FY24 3.4M MYR
FY25 2.4M MYR

0300 screens 71% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "SBH Marine Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0300

Peer Group

Packaged Foods · 649 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 40 · Bottom 25%
Fair Value upside −71% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -18% · Bottom 25%
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.18× · 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 28
FUTURE 0 · sector 20
PAST 0 · sector 27
HEALTH 94 · sector 96
DIVIDEND 40 · sector 47

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

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is SBH Marine Holdings (0300) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.0500 MYR versus a price of 0.1750 MYR, about −71% (overvalued).
What is the fair value of 0300?
Our model-based fair value for SBH Marine Holdings is 0.0500 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.1750 MYR.
What is the quality score of 0300?
SBH Marine Holdings has a Quality Score of 40/100. 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 SBH Marine Holdings (0300)?
SBH Marine Holdings reported trailing-twelve-month revenue of about 184M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 0300?
The net profit margin of SBH Marine Holdings is about -0.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does SBH Marine Holdings pay a dividend?
SBH Marine Holdings currently shows a dividend yield of about 2.07% relative to its recent price (as of Jul 17, 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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