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Zantat Holdings (0301) Fair Value & Analysis

Basic Materials · MY · Market cap 42.7M MYR

ZH Zantat Holdings 0301 · KLSE
Price0.1500 MYR
Fair Value0.2400 MYR
Upside+60.0%
Quality38/100
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Weak Growth
Loss-making · -6.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 15/100
Evidence: Low Range 0.1733 MYR – 0.3067 MYR Share as image

Fair value as of: Jul 17, 2026

From 4 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 0.1800 MYR to 0.2400 MYR (+33.3%) since Jun 26, 2026. Share price −6.3% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.1733 MYR). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (2 years)

0.5738 MYR 0.1300 MYR Fair Value 0.2400 MYR Mar 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 0.1300 MYR – 0.5738 MYR · fair‑value band 0.1733 MYR – 0.3067 MYR · the 0.1500 MYR price screens below the 0.2400 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

Zantat Holdings (0301) currently trades at 0.1500 MYR, while our model-based Fair Value estimate is 0.2400 MYR, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Zantat Holdings generated revenue of 94.5M MYR at a net margin of -6.0%. Revenue grew 9.7% year over year. It earns a return on equity of -7.9%. Net debt stands at 7.6M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.1733 MYR (bear case) to 0.3067 MYR (bull case); at 0.1500 MYR, the current price sits below 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 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at 60%, 0301 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
Gordon GGM 0.1000 MYR 0.1100 MYR 0.1200 MYR 70
DDM Multi-Stage 0.1000 MYR 0.1200 MYR 0.1400 MYR 61
EV/EBITDA 0.1300 MYR 0.1700 MYR 0.2100 MYR 54
All 4 models by family
Dividend Discount
Gordon GGM 0.1000 MYR 0.1100 MYR 0.1200 MYR 70
DDM Multi-Stage 0.1000 MYR 0.1200 MYR 0.1400 MYR 61
Multiples
EV/EBITDA 0.1300 MYR 0.1700 MYR 0.2100 MYR 54
Asset-Based
NCAV (Graham) 0.1200 MYR 0.1600 MYR 0.2400 MYR 50

Widest divergence: Multiples (0.1700 MYR) versus Dividend Discount (0.1100 MYR). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 94.5M MYR
Revenue growth (YoY) +9.7%
Net margin -6.0%
Return on equity -7.9%
Free cash flow −7.5M MYR FY2025
Operating margin -1.6%
More key figures
EPS (TTM) -0.0200 MYR
Net debt 7.6M MYR FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 22

Profitability 24
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 70
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

Zantat Holdings Berhad, together with its subsidiaries, engages in the production and sale of calcium carbonate in Malaysia, India, and internationally. The company operates through three segments: Production, Bioplastic, and Others. It offers ground calcium carbonate, calcium carbonate dispersion, kaolin dispersion, and granulated calcium carbonate.

Full company description

Zantat Holdings Berhad, together with its subsidiaries, engages in the production and sale of calcium carbonate in Malaysia, India, and internationally. The company operates through three segments: Production, Bioplastic, and Others. It offers ground calcium carbonate, calcium carbonate dispersion, kaolin dispersion, and granulated calcium carbonate. The company also manufactures and trades in bioplastic compound and compostable products; trades in and processes other industrial minerals; and operates limestone quarry. Its products are used in filler masterbatch, PVC pipes, plastics, latex gloves, rubber, paints and coatings, paper, plastic films, and other applications. The company exports its products. Zantat Holdings Berhad was founded in 1985 and is headquartered in Kampung Kepayang, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zantat Holdings reported revenue of 92.2M MYR in FY2025 versus 119M MYR in FY2021, a compound −6.3%/yr. Reported net income was −5.5M MYR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
92.2M MYR
Latest YoY
−9.5%
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.
−6.6%
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.
−3.0%
Revenue −6.3%/yr
FY21 119M MYR
FY22 113M MYR
FY23 123M MYR
FY24 102M MYR
FY25 92.2M MYR
Net income
FY21 6.5M MYR
FY22 5.4M MYR
FY23 6.8M MYR
FY24 454K MYR
FY25 −5.5M MYR

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Cite: Fair Value Calculator (2026). "Zantat Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0301

Peer Group

Chemicals · 333 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 38 · Bottom 25%
Fair Value upside +60% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 10% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
EV/EBITDA 2.0× · 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 100 · sector 0
FUTURE 49 · sector 20
PAST 0 · sector 19
HEALTH 98 · sector 94
DIVIDEND 0 · sector 27

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Zantat Holdings (0301) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.2400 MYR versus a price of 0.1500 MYR, about +60% (undervalued).
What is the fair value of 0301?
Our model-based fair value for Zantat Holdings is 0.2400 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.1500 MYR.
What is the quality score of 0301?
Zantat Holdings has a Quality Score of 38/100. 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 Zantat Holdings (0301)?
Zantat Holdings reported trailing-twelve-month revenue of about 94.5M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 0301?
The net profit margin of Zantat Holdings is about -6.0%, 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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