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Fibromat (M) Berhad, an investment holding company, (0355) Fair Value & Analysis

Industrials · MY · Market cap 191M MYR

FM Fibromat (M) Berhad, an investment holding company, 0355 · KLSE
Price0.7600 MYR
Fair Value1.13 MYR
Upside+48.8%
Quality38/100
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Expensive Growth
Solidly profitable · 14.6% net margin
Low debt · negative free cash flow
Ranks above peers (10/12)
Wide moat 73/100
Evidence: High Range 0.8330 MYR – 1.57 MYR Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Share price −1.3% over the past month.

Below-average quality, screening 49% 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 (0.8330 MYR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.8330 MYR to 1.57 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.9150 MYR 0.2626 MYR Fair Value 1.13 MYR May 2019 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

60‑month range 0.2626 MYR – 0.9150 MYR · fair‑value band 0.8330 MYR – 1.57 MYR · the 0.7600 MYR price screens below the 1.13 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.

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Analysis

Fibromat (M) Berhad, an investment holding company, (0355) currently trades at 0.7600 MYR, while our model-based Fair Value estimate is 1.13 MYR, implying the stock looks roughly 48.8% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials 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, Fibromat (M) Berhad, an investment holding company, generated revenue of 126M MYR at a net margin of 14.6%. Revenue grew 91.2% year over year. It earns a return on equity of 24.9%. Net debt stands at 15.7M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.8330 MYR (bear case) to 1.57 MYR (bull case); at 0.7600 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 22% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 49%, 0355 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
Residual Income 0.3500 MYR 0.4700 MYR 1.37 MYR 76
ROIC Compounder 0.6000 MYR 0.8300 MYR 0.9700 MYR 72
Gordon GGM 0.0600 MYR 0.1000 MYR 0.1300 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.0100 MYR 31
Earnings-Based
Graham-Dodd 0.4500 MYR 3.13 MYR 4.39 MYR 54
Lynch FV 1.62 MYR 2.31 MYR 3.00 MYR 50
PEG = 1.0 1.62 MYR 2.31 MYR 3.00 MYR 46
EPV 0.5000 MYR 0.5600 MYR 0.6100 MYR 59
Dividend Discount
Gordon GGM 0.0600 MYR 0.1000 MYR 0.1300 MYR 70
DDM Multi-Stage 0.0600 MYR 0.1000 MYR 0.1100 MYR 61
Multiples
P/E Multiple 1.09 MYR 1.45 MYR 1.82 MYR 63
P/S Multiple 0.4100 MYR 0.5500 MYR 0.6900 MYR 58
P/B Multiple 0.8400 MYR 1.12 MYR 1.40 MYR 55
EV/EBIT 1.24 MYR 1.67 MYR 2.10 MYR 53
EV/EBITDA 0.9300 MYR 1.25 MYR 1.57 MYR 54
EV/Revenue 0.3400 MYR 0.5100 MYR 0.6700 MYR 43
Asset-Based
NCAV (Graham) 0.1800 MYR 0.2400 MYR 0.3500 MYR 50
Economic Profit
Residual Income 0.3500 MYR 0.4700 MYR 1.37 MYR 76
ROIC Compounder 0.6000 MYR 0.8300 MYR 0.9700 MYR 72
Growth Earnings
Growth-Adj P/E 2.15 MYR 3.07 MYR 3.99 MYR 68

Widest divergence: Growth Earnings (3.07 MYR) versus Dividend Discount (0.1000 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 126M MYR
Revenue growth (YoY) +91.2%
Net margin 14.6%
Return on equity 24.9%
Free cash flow −26.9M MYR FY2025
P/E ratio 9.6
More key figures
Operating margin 20.9%
EPS (TTM) 0.0800 MYR
EPS growth (YoY) +154%
Net debt 15.7M MYR FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 52

Profitability 60
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 6
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 17
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

Fibromat (M) Berhad, an investment holding company, engages in geotechnical solutions for erosion control, ground improvement, sediment control, and filtration and containment lining in Malaysia. It operates through three segments: Design and Installation Services, Trading, and Manufacturing.

Full company description

Fibromat (M) Berhad, an investment holding company, engages in geotechnical solutions for erosion control, ground improvement, sediment control, and filtration and containment lining in Malaysia. It operates through three segments: Design and Installation Services, Trading, and Manufacturing. It provides geotechnical solutions that include designing, manufacturing, and installation of geotechnical solutions using geosynthetics, erosion control, and biomass products; engineering techniques for drainage, filtration, separation, protection, and reinforcement; and erosion control blankets. The company is also involved in the trading of geosynthetics and erosion control products; design and build services for erosion control and protection application; design, supply, and on-site installations: and manufacturing and sale of in-house products. Its products are used in various applications, including slope stabilisation, ground improvement, riverbank and coastal protection, and soil erosion control. The company was founded in 1999 and is based in Batu Caves, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fibromat (M) Berhad, an investment holding company, reported revenue of 113M MYR in FY2025 versus 45.8M MYR in FY2021, a compound +25.5%/yr. Reported net income was 16.4M MYR in FY2025, compounding +29.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
113M MYR
Latest YoY
+50.4%
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.
+33.3%
Revenue +25.5%/yr
FY21 45.8M MYR
FY22 48.0M MYR
FY23 68.3M MYR
FY24 75.5M MYR
FY25 113M MYR
Net income +29.9%/yr
FY21 5.8M MYR
FY22 3.5M MYR
FY23 8.5M MYR
FY24 10.0M MYR
FY25 16.4M MYR

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Cite: Fair Value Calculator (2026). "Fibromat (M) Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0355

Peer Group

Pollution & Treatment Controls · 91 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 +49% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 91% · Top 25%
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than 75% of peers
P/B 0.53× · Cheaper than 75% of peers
P/S (TTM) 0.37× · Cheaper than 75% of peers
EV/EBITDA 1.8× · 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 98 · sector 0
FUTURE 100 · sector 14
PAST 100 · sector 10
HEALTH 90 · sector 95
DIVIDEND 0 · sector 37

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

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Frequently asked questions

Is Fibromat (M) Berhad, an investment holding company, (0355) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 1.13 MYR versus a price of 0.7600 MYR, about +49% (undervalued).
What is the fair value of 0355?
Our model-based fair value for Fibromat (M) Berhad, an investment holding company, is 1.13 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.7600 MYR.
What is the quality score of 0355?
Fibromat (M) Berhad, an investment holding company, 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 Fibromat (M) Berhad, an investment holding company, (0355)?
Fibromat (M) Berhad, an investment holding company, reported trailing-twelve-month revenue of about 126M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0355?
The net profit margin of Fibromat (M) Berhad, an investment holding company, is about 14.6%, meaning it keeps roughly 14.6% 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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