EN DE

Topmix Berhad, an investment holding company, (0302) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 161M MYR

TB Topmix Berhad, an investment holding company, 0302 · KLSE
Price0.3800 MYR
Fair Value0.9000 MYR
Upside+136.8%
Quality68/100
Watch Topmix Berhad, an investment holding company, for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 16.5% net margin
Low debt · generates free cash flow
2.44% dividend yield
Ranks above peers (11/14)
Wide moat 74/100
Evidence: High Range 0.5300 MYR – 1.12 MYR Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Share price −7.3% over the past month.

A solid business, screening 137% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.5300 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.5300 MYR to 1.12 MYR) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (2 years)

0.6314 MYR 0.3233 MYR Fair Value 0.9000 MYR Apr 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

28‑month range 0.3233 MYR – 0.6314 MYR · fair‑value band 0.5300 MYR – 1.12 MYR · the 0.3800 MYR price screens below the 0.9000 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Topmix Berhad, an investment holding company, (0302) currently trades at 0.3800 MYR, while our model-based Fair Value estimate is 0.9000 MYR, implying the stock looks roughly 136.8% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical 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: high), always confirm before acting.

Over the trailing twelve months, Topmix Berhad, an investment holding company, generated revenue of 109M MYR at a net margin of 16.5%. Revenue grew 14.5% year over year. It earns a return on equity of 22.2%. Net debt stands at 12.9M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.5300 MYR (bear case) to 1.12 MYR (bull case); at 0.3800 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 27% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 137%, 0302 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 0.3500 MYR 0.5500 MYR 0.8800 MYR 80
Residual Income 0.2300 MYR 0.3100 MYR 0.8600 MYR 76
Rev-Margin DCF 0.5200 MYR 1.06 MYR 1.88 MYR 74
All 24 models by family
DCF Models
FCF DCF 0.3700 MYR 0.5200 MYR 0.9400 MYR 38
Owner Earnings 0.5200 MYR 1.00 MYR 1.84 MYR 31
5Y Revenue Exit 0.5200 MYR 0.9600 MYR 1.84 MYR 39
5Y EBITDA Exit 0.5500 MYR 1.03 MYR 1.91 MYR 41
5Y P/E Exit 0.6000 MYR 1.29 MYR 2.21 MYR 38
10Y Revenue Exit 0.4400 MYR 0.9400 MYR 1.44 MYR 36
10Y EBITDA Exit 0.4700 MYR 0.9900 MYR 1.96 MYR 37
10Y P/E Exit 0.5100 MYR 1.07 MYR 2.09 MYR 35
Earnings-Based
Graham-Dodd 0.3000 MYR 2.12 MYR 2.98 MYR 54
Lynch FV 0.6800 MYR 0.9700 MYR 1.27 MYR 50
PEG = 1.0 0.6800 MYR 0.9700 MYR 1.27 MYR 46
EPV 0.4000 MYR 0.4400 MYR 0.4800 MYR 59
Multiples
P/E Multiple 0.7400 MYR 0.9800 MYR 1.23 MYR 63
P/S Multiple 0.5700 MYR 0.7600 MYR 0.9500 MYR 58
P/B Multiple 0.5700 MYR 0.7600 MYR 0.9500 MYR 55
EV/EBIT 0.8200 MYR 1.09 MYR 1.35 MYR 53
EV/EBITDA 0.6800 MYR 0.9000 MYR 1.12 MYR 54
EV/Revenue 0.5900 MYR 0.8300 MYR 1.07 MYR 43
Asset-Based
NCAV (Graham) 0.1100 MYR 0.1500 MYR 0.2200 MYR 50
Growth DCF
Growth DCF 0.3500 MYR 0.5500 MYR 0.8800 MYR 80
Rev-Margin DCF 0.5200 MYR 1.06 MYR 1.88 MYR 74
Economic Profit
Residual Income 0.2300 MYR 0.3100 MYR 0.8600 MYR 76
ROIC Compounder 0.4700 MYR 0.6100 MYR 0.7800 MYR 72
Growth Earnings
Growth-Adj P/E 0.9300 MYR 1.32 MYR 1.72 MYR 68

Widest divergence: Growth Earnings (1.32 MYR) versus Asset-Based (0.1500 MYR). Highest evidence: Growth DCF (80).

Notify me when 0302 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 109M MYR
Revenue growth (YoY) +14.5%
Net margin 16.5%
Return on equity 22.2%
Free cash flow 11.8M MYR FY2025
P/E ratio 8.6
More key figures
Operating margin 22.4%
EPS (TTM) 0.0500 MYR
Dividend yield 2.3%
EPS growth (YoY) +11.5%
Net debt 12.9M MYR FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 40

Profitability 71
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

Topmix Berhad, an investment holding company, engages in the wholesale and trade in of laminated sheets in Malaysia, Indonesia, Singapore, the Philippines, and Thailand.

Full company description

Topmix Berhad, an investment holding company, engages in the wholesale and trade in of laminated sheets in Malaysia, Indonesia, Singapore, the Philippines, and Thailand. The company offers high pressure laminate (HPL) products, compact panels, wall panels, melamine faced chipboard (MFC), polyvinyl chloride edging, decorative boards, PVC plywood, and kitchen and wardrobe accessories, as well as other decorative surface products. It also undertakes in-house and collaborates with third-party décor paper suppliers. The company's products are used for commercial and residential interior applications, including wall finishes, countertops, furniture, fixtures, and display systems. The company was founded in 2006 and is headquartered in Sekudai, Malaysia. Topmix Berhad is a subsidiary of J And T Resources Sdn Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Topmix Berhad, an investment holding company, reported revenue of 106M MYR in FY2025 versus 38.6M MYR in FY2021, a compound +28.7%/yr. Reported net income was 17.6M MYR in FY2025, compounding +41.3%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
106M MYR
Latest YoY
+14.0%
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.
+17.2%
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.
+30.9%
Revenue +28.7%/yr
FY21 38.6M MYR
FY22 65.8M MYR
FY23 72.7M MYR
FY24 92.9M MYR
FY25 106M MYR
Net income +41.3%/yr
FY21 4.4M MYR
FY22 8.5M MYR
FY23 8.4M MYR
FY24 11.6M MYR
FY25 17.6M MYR

Watch 0302: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Topmix Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0302

Peer Group

Furnishings, Fixtures & Appliances · 311 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 68 · Top 25%
Fair Value upside +137% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 15% · Top 25%
Dividend yield (TTM) 2.4% · Below median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 8.2× · Cheaper than 75% of peers
P/B 0.46× · Cheaper than 75% of peers
P/S (TTM) 0.36× · Cheaper than median
P/FCF 3.3× · Pricier than median
EV/EBITDA 1.1× · 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 22
FUTURE 73 · sector 0
PAST 89 · sector 19
HEALTH 92 · sector 97
DIVIDEND 49 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

Compare Topmix Berhad, an investment holding company, with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Topmix Berhad, an investment holding company, (0302) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.9000 MYR versus a price of 0.3800 MYR, about +137% (undervalued).
What is the fair value of 0302?
Our model-based fair value for Topmix Berhad, an investment holding company, is 0.9000 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.3800 MYR.
What is the quality score of 0302?
Topmix Berhad, an investment holding company, has a Quality Score of 68/100. 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 Topmix Berhad, an investment holding company, (0302)?
Topmix Berhad, an investment holding company, reported trailing-twelve-month revenue of about 109M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0302?
The net profit margin of Topmix Berhad, an investment holding company, is about 16.5%, meaning it keeps roughly 16.5% of revenue as net income. Based on the latest reported figures.
Does Topmix Berhad, an investment holding company, pay a dividend?
Topmix Berhad, an investment holding company, currently shows a dividend yield of about 2.27% relative to its recent price (as of Jul 12, 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.

14 days Pro free · no card

Track Topmix Berhad, an investment holding company, and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.