ONE GASMASTER HOLDINGS BERHAD (0389) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of ONE GASMASTER HOLDINGS BERHAD MYR 0.32, price MYR 0.15, upside +120.7%, quality 76 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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One Gasmaster Holdings Berhad, together with its subsidiaries, designs, supplies, installs, tests, commission, and maintenance of environmental monitoring, gas detection and gas piping, and industrial hygiene services in Malaysia, Indonesia, Singapore, Vietnam, and internationally.
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One Gasmaster Holdings Berhad, together with its subsidiaries, designs, supplies, installs, tests, commission, and maintenance of environmental monitoring, gas detection and gas piping, and industrial hygiene services in Malaysia, Indonesia, Singapore, Vietnam, and internationally. It also provides calibration services, including acoustic equipment calibration, gas monitoring equipment calibration, temperature and humidity calibration, pressure calibration, mass calibration, and audiometer calibration. In addition, the company engages in the trading of instruments, parts, and components. It serves manufacturing, oil and gas, and energy and power generation sectors. The company was founded in 1997 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
ONE GASMASTER HOLDINGS BERHAD (0389) currently trades at 0.1450 MYR, while our model-based Fair Value estimate is 0.3200 MYR, implying the stock looks roughly 54.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.5800 MYR per share, and 21 of the 26 models we run sit above the 0.1450 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.0700 MYR, and 5 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1300 MYR (bear) to 0.7100 MYR (bull), the price of 0.1450 MYR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 76/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ONE GASMASTER HOLDINGS BERHAD reported revenue of 38.0M MYR in FY2024 versus 22.9M MYR in FY2022, a compound +28.9%/yr. Reported net income was 5.6M MYR in FY2024, compounding +42.6%/yr from FY2022.
Key figures
Market cap 45.0M MYR (≈ $11.0M) · P/E ratio 14.5 · P/S ratio 2.12 · EPS (TTM) 0.0100 MYR · Dividend yield 3.4% · Net margin 14.6% · Return on equity 11.3% · Return on assets (EBIT) 19.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 121%, 0389 screens cheaper than that median.
Fair Value models
Bear 0.1300 MYRFair Value 0.3200 MYRBull 0.7100 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. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (0.0100 MYR per share) are deliberately not added.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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+27.6%
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 +25.1% a year for the price.
Compare ONE GASMASTER HOLDINGS BERHAD with another stock
Price, fair value, quality and upside side by side.
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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.Industrial Distribution · 112 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside+113% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets6% · Above median
Net margin (TTM)6% · Above median
Operating margin (TTM)−21% · Bottom 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)3.4% · Top 25%
Balance sheet
Debt / equity0.40× · Above median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
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Is ONE GASMASTER HOLDINGS BERHAD (0389) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.3200 MYR versus a price of 0.1450 MYR, about +121% upside (undervalued).
What is the fair value of 0389?
Our model-based fair value for ONE GASMASTER HOLDINGS BERHAD is 0.3200 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.1450 MYR.
What is the quality score of 0389?
ONE GASMASTER HOLDINGS BERHAD has a Quality Score of 76/100. 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
Our model-based price target is the fair value of 0.3200 MYR (as of Sep 23, 2026) from 26 valuation models. Cautious scenario 0.1300 MYR, optimistic scenario 0.7100 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the ONE GASMASTER HOLDINGS BERHAD stock forecast for 2026?
Our models put fair value at 0.3200 MYR, about +121% upside versus a price of 0.1450 MYR (undervalued). Cautious scenario 0.1300 MYR, optimistic scenario 0.7100 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of ONE GASMASTER HOLDINGS BERHAD (0389)?
ONE GASMASTER HOLDINGS BERHAD reported trailing-twelve-month revenue of about 33.2M MYR (latest available figure, as of Sep 23, 2026).
Does ONE GASMASTER HOLDINGS BERHAD pay a dividend?
ONE GASMASTER HOLDINGS BERHAD currently shows a dividend yield of about 3.35% relative to its recent price (as of Sep 23, 2026).
What growth is priced into ONE GASMASTER HOLDINGS BERHAD (0389)?
For today's price to be fair in a discounted-cash-flow model, ONE GASMASTER HOLDINGS BERHAD would have to grow free cash flow by +27.6 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +28.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 0389 use?
Our models discount ONE GASMASTER HOLDINGS BERHAD 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 ONE GASMASTER HOLDINGS BERHAD that is +27.6 % 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 ONE GASMASTER HOLDINGS BERHAD (0389) delivered so far?
Over the past 2 years revenue at ONE GASMASTER HOLDINGS BERHAD grew +28.9 % a year. The price currently implies +27.6 % 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 ONE GASMASTER HOLDINGS BERHAD (0389) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into ONE GASMASTER HOLDINGS BERHAD (+27.6 % 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
The free-cash-flow yield on the price is 2.59 %: that much free cash flow ONE GASMASTER HOLDINGS BERHAD 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ONE GASMASTER HOLDINGS BERHAD it is 0.3200 MYR per share (as of Sep 23, 2026), against a price of 0.1450 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is ONE GASMASTER HOLDINGS BERHAD stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0389 trades below its calculated fair value: price 0.1450 MYR, fair value 0.3200 MYR, a gap of about +121% (undervalued). 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 0389?
No. The price is what the market pays today (0.1450 MYR); the fair value is what the company's own numbers justify (0.3200 MYR). For ONE GASMASTER HOLDINGS BERHAD the two are 0.1750 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is ONE GASMASTER HOLDINGS BERHAD worth?
The market values ONE GASMASTER HOLDINGS BERHAD at about 45.0M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.1450 MYR; our models calculate a fair value of 0.3200 MYR per share.
What do the bullish and bearish scenarios say about 0389?
Our models span a range for ONE GASMASTER HOLDINGS BERHAD: cautious scenario 0.1300 MYR, base 0.3200 MYR, optimistic 0.7100 MYR per share (as of Sep 23, 2026, price 0.1450 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0389?
ONE GASMASTER HOLDINGS BERHAD trades at a price-to-earnings ratio of 14.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.3200 MYR is built from several models across several years. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 4.8.
How solid is the balance sheet of ONE GASMASTER HOLDINGS BERHAD (0389)?
Balance-sheet figures for ONE GASMASTER HOLDINGS BERHAD (as of Sep 23, 2026): return on equity 11.3%, debt of 0.40 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
Which stocks are comparable to ONE GASMASTER HOLDINGS BERHAD?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, 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 ONE GASMASTER HOLDINGS BERHAD stock attractive at the current price?
The data as of Sep 23, 2026: price 0.1450 MYR, calculated fair value 0.3200 MYR (+121%), Quality Score 76/100, from 26 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 0389 calculated?
We run ONE GASMASTER HOLDINGS BERHAD through 26 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 0.3200 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 13.2 % above its aggregate fair value. ONE GASMASTER HOLDINGS BERHAD currently trades 121 % below its own fair value, and the market average says nothing about that. 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
The closing price on Sep 24, 2026 was 0.1450 MYR. Our model-based fair value is 0.3200 MYR, about +121% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ONE GASMASTER HOLDINGS BERHAD right now?
The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (0.1300 MYR to 0.7100 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of ONE GASMASTER HOLDINGS BERHAD
How large is the market capitalisation of ONE GASMASTER HOLDINGS BERHAD (0389)?
The market capitalisation of ONE GASMASTER HOLDINGS BERHAD is 45.0M MYR (≈ $11.0M). 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
The price-to-sales ratio of ONE GASMASTER HOLDINGS BERHAD is 2.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ONE GASMASTER HOLDINGS BERHAD (0389)?
Earnings per share at ONE GASMASTER HOLDINGS BERHAD are 0.0100 MYR (price ÷ EPS = P/E 14.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ONE GASMASTER HOLDINGS BERHAD (0389)?
The dividend yield of ONE GASMASTER HOLDINGS BERHAD is 3.4% (payout 48.6%). 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
The net margin of ONE GASMASTER HOLDINGS BERHAD is 14.6% (fiscal year 2024). 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
The return on equity (ROE) of ONE GASMASTER HOLDINGS BERHAD is 11.3% (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 ONE GASMASTER HOLDINGS BERHAD (0389)?
On an EBIT basis the return on assets of ONE GASMASTER HOLDINGS BERHAD is 19.3% (avg 3y). 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 ONE GASMASTER HOLDINGS BERHAD (0389)?
The operating margin of ONE GASMASTER HOLDINGS BERHAD is −20.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does ONE GASMASTER HOLDINGS BERHAD (0389) carry?
The net debt of ONE GASMASTER HOLDINGS BERHAD is 4.5M MYR (fiscal year 2024, ≈ 3.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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