Hydropipes Industries Sdn. Bhd. (03060) fair value: what the stock is really worth
As of Sep 15, 2026: fair value of Hydropipes Industries Sdn. Bhd. MYR 0.10, price MYR 0.32, upside -68.8%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Hydropipes Industries Sdn. Bhd. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
21‑month range 0.2991 MYR – 0.3200 MYR · the 0.3200 MYR price screens above the 0.0997 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Hydropipes Industries Sdn. Bhd. in your weekly email
Every Wednesday you see whether Hydropipes Industries Sdn. Bhd. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Hydropipes Industries Sdn. Bhd., an investment holding company, manufactures and sells mild steel pipes and fittings for the governments and private sectors in Malaysia. The company offers single and double flange bends, reducers, and tees series products. Hydropipes Industries Sdn. Bhd. was incorporated in 1991 and is based in Subang Jaya, Malaysia.
Stock analysis
Hydropipes Industries Sdn. Bhd. (03060) currently trades at 0.3200 MYR, while our model-based Fair Value estimate is 0.0997 MYR, implying the stock looks roughly 220.9% overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 0.1900 MYR per share, and 2 of the 24 models we run sit above the 0.3200 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.0100 MYR, and 22 of the 24 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Hydropipes Industries Sdn. Bhd. reported revenue of 12.6M MYR in FY2025 versus 17.4M MYR in FY2022, a compound −10.2%/yr. Reported net income was 413K MYR in FY2025, compounding −31.1%/yr from FY2022.
Key figures
Market cap 42.2M MYR (≈ $10.4M) · P/S ratio 5.05 · Dividend yield 0.3% · Net margin 3.3% · Return on equity −5.3% · Return on assets (EBIT) 6.6% · Operating margin −24.0% · Revenue (TTM) 8.4M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −69%, 03060 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0100 MYR to 0.4700 MYR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 0.0997 MYRFair Value 0.0997 MYRBull 0.0997 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−33.5%
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.
−10.2%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
−37.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−37.7%
Dividend (yield on the price)0.3%
Profit margin 2022 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.10% → 4%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −4.6% a year for the price.
Compare Hydropipes Industries Sdn. Bhd. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Steel · 417 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−69% · Bottom 25%
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−10% · Bottom 25%
Operating margin (TTM)−24% · Bottom 25%
Growth and dividend
Revenue growth−55% · Bottom 25%
Dividend yield (TTM)0.3% · Bottom 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.67× · Cheaper than median
P/S (TTM)1.24× · Pricier than median
P/FCF2.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)0· sector 4
PAST (return on equity)0· sector 15
HEALTH (low debt)0· sector 95
DIVIDEND (yield)6· sector 51
VALUE 0: the price sits above our fair-value range.
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.
Is Hydropipes Industries Sdn. Bhd. (03060) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.0997 MYR versus the last price from Sep 15, 2026 of 0.3200 MYR, about −69% upside (overvalued).
What is the fair value of 03060?
Our model-based fair value for Hydropipes Industries Sdn. Bhd. is 0.0997 MYR (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 15, 2026): 0.3200 MYR.
What is the quality score of 03060?
Hydropipes Industries Sdn. Bhd. 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 price target for Hydropipes Industries Sdn. Bhd. (03060)?
Our model-based price target is the fair value of 0.0997 MYR (as of Sep 24, 2026) from 24 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Hydropipes Industries Sdn. Bhd. stock forecast for 2026?
Our models put fair value at 0.0997 MYR, about −69% upside versus the last price from Sep 15, 2026 of 0.3200 MYR (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Hydropipes Industries Sdn. Bhd. (03060)?
Hydropipes Industries Sdn. Bhd. reported trailing-twelve-month revenue of about 8.4M MYR (latest available figure, as of Sep 24, 2026).
Does Hydropipes Industries Sdn. Bhd. pay a dividend?
Hydropipes Industries Sdn. Bhd. currently shows a dividend yield of about 0.31% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Hydropipes Industries Sdn. Bhd. (03060)?
For today's price to be fair in a discounted-cash-flow model, Hydropipes Industries Sdn. Bhd. would have to grow free cash flow by -2.8 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -10.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 03060 use?
Our models discount Hydropipes Industries Sdn. Bhd. at 11.1 %: a base by market capitalisation (nano), country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hydropipes Industries Sdn. Bhd. that is -2.8 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Hydropipes Industries Sdn. Bhd. (03060) delivered so far?
Over the past 3 years revenue at Hydropipes Industries Sdn. Bhd. grew -10.2 % a year. The price currently implies -2.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hydropipes Industries Sdn. Bhd. (03060) growing?
The median revenue growth in the sector is +0.0 % a year. That is the yardstick for the growth priced into Hydropipes Industries Sdn. Bhd. (-2.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hydropipes Industries Sdn. Bhd. (03060)?
The free-cash-flow yield on the price is 11.25 %: that much free cash flow Hydropipes Industries Sdn. Bhd. produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hydropipes Industries Sdn. Bhd. (03060)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hydropipes Industries Sdn. Bhd. it is 0.0997 MYR per share (as of Sep 24, 2026), against a price of 0.3200 MYR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Hydropipes Industries Sdn. Bhd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 03060 trades above its calculated fair value: price 0.3200 MYR, fair value 0.0997 MYR, a gap of about −69% (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 03060?
No. The price is what the market pays today (0.3200 MYR); the fair value is what the company's own numbers justify (0.0997 MYR). For Hydropipes Industries Sdn. Bhd. the two are 0.2203 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Hydropipes Industries Sdn. Bhd. worth?
The market values Hydropipes Industries Sdn. Bhd. at about 42.2M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.3200 MYR; our models calculate a fair value of 0.0997 MYR per share.
How solid is the balance sheet of Hydropipes Industries Sdn. Bhd. (03060)?
Balance-sheet figures for Hydropipes Industries Sdn. Bhd. (as of Sep 24, 2026): return on equity −5.3%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 03060 from its 52-week high?
Hydropipes Industries Sdn. Bhd. trades at 0.3200 MYR, at its 52-week high of 0.3200 MYR and at the low of 0.3190 MYR (as of Sep 15, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0997 MYR is for.
Which stocks are comparable to Hydropipes Industries Sdn. Bhd.?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, 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 Hydropipes Industries Sdn. Bhd. stock attractive at the current price?
The data as of Sep 24, 2026: price 0.3200 MYR, calculated fair value 0.0997 MYR (−69%), Quality Score 62/100, from 24 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 03060 calculated?
We run Hydropipes Industries Sdn. Bhd. through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.0997 MYR, 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 14.0 % above its aggregate fair value. Hydropipes Industries Sdn. 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 Hydropipes Industries Sdn. Bhd. (03060)?
The latest price we hold is from Sep 15, 2026 and stands at 0.3200 MYR. Our model-based fair value is 0.0997 MYR, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hydropipes Industries Sdn. Bhd. right now?
The price sits above even our optimistic bull case (0.0997 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Hydropipes Industries Sdn. Bhd.
How large is the market capitalisation of Hydropipes Industries Sdn. Bhd. (03060)?
The market capitalisation of Hydropipes Industries Sdn. Bhd. is 42.2M MYR (≈ $10.4M). 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 Hydropipes Industries Sdn. Bhd. (03060)?
The price-to-sales ratio of Hydropipes Industries Sdn. Bhd. is 5.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Hydropipes Industries Sdn. Bhd. (03060)?
The dividend yield of Hydropipes Industries Sdn. Bhd. is 0.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hydropipes Industries Sdn. Bhd. (03060)?
The net margin of Hydropipes Industries Sdn. Bhd. is 3.3% (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 Hydropipes Industries Sdn. Bhd. (03060)?
The return on equity (ROE) of Hydropipes Industries Sdn. Bhd. is −5.3% (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 Hydropipes Industries Sdn. Bhd. (03060)?
On an EBIT basis the return on assets of Hydropipes Industries Sdn. Bhd. is 6.6% (avg 4y). 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 Hydropipes Industries Sdn. Bhd. (03060)?
The operating margin of Hydropipes Industries Sdn. Bhd. is −24.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hydropipes Industries Sdn. Bhd. (03060)?
Revenue at Hydropipes Industries Sdn. Bhd. is growing −54.7% versus a year earlier (3y avg −10.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Hydropipes Industries Sdn. Bhd. (03060) carry?
The net debt of Hydropipes Industries Sdn. Bhd. is 2.1M MYR (fiscal year 2023, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Hydropipes Industries Sdn. Bhd. in the live analysis
One click puts Hydropipes Industries Sdn. Bhd. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
