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Polymer Link Holdings (0381) Fair Value & Analysis

Basic Materials · MY · Market cap 92.4M MYR

PL Polymer Link Holdings 0381 · KLSE
Price0.2100 MYR
Fair Value0.4500 MYR
Upside+114.3%
Quality49/100
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Mixed Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
1.82% dividend yield
Ranks above peers (10/13)
Moderate moat 46/100
Evidence: Low Range 0.3400 MYR – 0.5700 MYR Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from 0.4900 MYR to 0.4500 MYR (−8.2%) since Jul 16, 2026. Share price +27.3% over the past month.

Below-average quality, screening 114% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.3400 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.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (9 months)

0.2460 MYR 0.1250 MYR Fair Value 0.4500 MYR Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

9‑month range 0.1250 MYR – 0.2460 MYR · fair‑value band 0.3400 MYR – 0.5700 MYR · the 0.2100 MYR price screens below the 0.4500 MYR fair value. As of Aug 13, 2026.

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Analysis

Polymer Link Holdings (0381) currently trades at 0.2100 MYR, while our model-based Fair Value estimate is 0.4500 MYR, implying the stock looks roughly 114.3% undervalued today. The Quality Score stands at 49/100 (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, Polymer Link Holdings generated revenue of 140M MYR at a net margin of 2.4%. Revenue grew 5.4% year over year. It earns a return on equity of 13.8%. Net debt stands at 34.7M MYR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.3400 MYR (bear case) to 0.5700 MYR (bull case); at 0.2100 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 19% below its 52-week high and 83% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 114%, 0381 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 0.1400 MYR 0.1800 MYR 0.5300 MYR 76
ROIC Compounder 0.1800 MYR 0.2100 MYR 0.2500 MYR 72
Growth-Adj P/E 0.3400 MYR 0.4800 MYR 0.6300 MYR 68
All 14 models by family
DCF Models
Owner Earnings 0.1000 MYR 0.1400 MYR 0.1800 MYR 31
Earnings-Based
Graham-Dodd 0.1800 MYR 0.4500 MYR 0.5900 MYR 54
PEG = 1.0 0.0800 MYR 0.1200 MYR 0.1500 MYR 46
EPV 0.1700 MYR 0.2000 MYR 0.2200 MYR 59
Multiples
P/E Multiple 0.4400 MYR 0.5900 MYR 0.7400 MYR 63
P/S Multiple 0.2300 MYR 0.3100 MYR 0.3900 MYR 58
P/B Multiple 0.3400 MYR 0.4600 MYR 0.5700 MYR 55
EV/EBIT 0.4500 MYR 0.6200 MYR 0.7800 MYR 53
EV/EBITDA 0.3500 MYR 0.4800 MYR 0.6100 MYR 54
EV/Revenue 0.1900 MYR 0.2800 MYR 0.3800 MYR 43
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1300 MYR 50
Economic Profit
Residual Income 0.1400 MYR 0.1800 MYR 0.5300 MYR 76
ROIC Compounder 0.1800 MYR 0.2100 MYR 0.2500 MYR 72
Growth Earnings
Growth-Adj P/E 0.3400 MYR 0.4800 MYR 0.6300 MYR 68

Widest divergence: Growth Earnings (0.4800 MYR) versus Asset-Based (0.0800 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 140M MYR
Revenue growth (YoY) +5.4%
Net margin 2.4%
Return on equity 13.8%
Free cash flow −1.4M MYR FY2024
P/E ratio 7.0
More key figures
Operating margin -6.1%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) -45.4%
Net debt 34.7M MYR FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 64

Profitability 63
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)

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

Polymer Link Holdings Berhad manufactures and sells plastic powder and masterbatch for general and speciality applications. It operates through Manufacturing Plastic Powder for General Applications, Manufacturing Plastic Powder for Specialty Applications, Manufacturing Masterbatch, and Others segments.

Full company description

Polymer Link Holdings Berhad manufactures and sells plastic powder and masterbatch for general and speciality applications. It operates through Manufacturing Plastic Powder for General Applications, Manufacturing Plastic Powder for Specialty Applications, Manufacturing Masterbatch, and Others segments. The company is also involved in the toll manufacturing; contract rotomoulding; trading of equipment and products, such as air compressors, air receiver tanks, air dryers, spare parts, and lubricant oil; and scheduled and corrective maintenance for equipment comprising air compressors, air receiver tanks, and air dryers. It operates in Philippines, India, Malaysia, and Australia. The company was founded in 2011 and is headquartered in Port Klang, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2024 · reported fiscal years

Polymer Link Holdings reported revenue of 145M MYR in FY2024 versus 151M MYR in FY2022, a compound −2.0%/yr. Reported net income was 15.0M MYR in FY2024, compounding −7.3%/yr from FY2022.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
145M MYR
Latest YoY
+9.4%
Revenue −2.0%/yr
FY22 151M MYR
FY23 133M MYR
FY24 145M MYR
Net income −7.3%/yr
FY22 17.4M MYR
FY23 13.6M MYR
FY24 15.0M MYR

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Cite: Fair Value Calculator (2026). "Polymer Link Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0381

Peer Group

Specialty Chemicals · 672 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 49 · Below median
Fair Value upside +114% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
EV/EBITDA 3.1× · 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 0
FUTURE 19 · sector 19
PAST 55 · sector 23
HEALTH 84 · sector 95
DIVIDEND 36 · sector 32

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $479.43 $222.03 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
Novozymes A/S NSISB kr 416.10 kr 170.02 -59%
Asian Paints Limited ASIANPAINT ₹2,756 ₹664.51 -76%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is Polymer Link Holdings (0381) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.4500 MYR versus a price of 0.2100 MYR, about +114% (undervalued).
What is the fair value of 0381?
Our model-based fair value for Polymer Link Holdings is 0.4500 MYR (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.2100 MYR.
What is the quality score of 0381?
Polymer Link Holdings has a Quality Score of 49/100. 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 Polymer Link Holdings (0381)?
Polymer Link Holdings reported trailing-twelve-month revenue of about 140M MYR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0381?
The net profit margin of Polymer Link Holdings is about 2.4%, meaning it keeps roughly 2.4% 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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