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Kretam Holdings (1996) Fair Value & Analysis

Consumer Defensive · MY · Market cap 1.5B MYR

KH Kretam Holdings 1996 · KLSE
Price0.6500 MYR
Fair Value0.5800 MYR
Upside-10.8%
Quality57/100
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Healthy Growth
Thin margins · 5.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 35/100
Evidence: High Range 0.4400 MYR – 0.7300 MYR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 24 days ago

Share price −4.4% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • Our model range runs from 0.4400 MYR (bear) to 0.7300 MYR (bull), base 0.5800 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

0.7286 MYR 0.4183 MYR Fair Value 0.5800 MYR Sep 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.4183 MYR – 0.7286 MYR · fair‑value band 0.4400 MYR – 0.7300 MYR · the 0.6500 MYR price screens above the 0.5800 MYR fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Kretam Holdings (1996) currently trades at 0.6500 MYR, while our model-based Fair Value estimate is 0.5800 MYR, implying the stock looks roughly 10.8% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kretam Holdings generated revenue of 794M MYR at a net margin of 5.2%. Revenue grew 9.0% year over year. It earns a return on equity of 3.8%. Net debt stands at 11.7M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.4400 MYR (bear case) to 0.7300 MYR (bull case); at 0.6500 MYR, the current price sits within 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 8% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -11%, 1996 screens richer 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 0.4800 MYR 0.6400 MYR 0.8500 MYR 80
Residual Income 0.3500 MYR 0.3500 MYR 0.3300 MYR 76
Rev-Margin DCF 0.4400 MYR 0.6500 MYR 0.8900 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.4800 MYR 0.6700 MYR 0.9300 MYR 38
Owner Earnings 0.2600 MYR 0.3500 MYR 0.4700 MYR 31
5Y Revenue Exit 0.4400 MYR 0.6500 MYR 0.9100 MYR 39
5Y EBITDA Exit 0.5700 MYR 0.9000 MYR 1.28 MYR 41
5Y P/E Exit 0.4700 MYR 0.7000 MYR 0.9500 MYR 38
10Y Revenue Exit 0.4400 MYR 0.6200 MYR 0.8700 MYR 36
10Y EBITDA Exit 0.5300 MYR 0.7800 MYR 1.13 MYR 37
10Y P/E Exit 0.4700 MYR 0.6600 MYR 0.9000 MYR 35
Earnings-Based
Graham-Dodd 0.1900 MYR 0.6400 MYR 0.8600 MYR 54
Lynch FV 0.1500 MYR 0.2100 MYR 0.2700 MYR 50
PEG = 1.0 0.1500 MYR 0.2100 MYR 0.2700 MYR 46
EPV 0.3100 MYR 0.3500 MYR 0.3700 MYR 59
Dividend Discount
Gordon GGM 0.1200 MYR 0.2100 MYR 0.2900 MYR 70
DDM Multi-Stage 0.1200 MYR 0.1900 MYR 0.2200 MYR 61
Multiples
P/E Multiple 0.4400 MYR 0.5800 MYR 0.7300 MYR 63
P/S Multiple 0.3500 MYR 0.4700 MYR 0.5900 MYR 58
P/B Multiple 0.3500 MYR 0.4700 MYR 0.5900 MYR 55
EV/EBIT 0.6300 MYR 0.8200 MYR 1.00 MYR 53
EV/EBITDA 0.7000 MYR 0.9100 MYR 1.12 MYR 54
EV/Revenue 0.4300 MYR 0.5900 MYR 0.7400 MYR 43
Asset-Based
NCAV (Graham) 0.2300 MYR 0.3100 MYR 0.4700 MYR 50
Growth DCF
Growth DCF 0.4800 MYR 0.6400 MYR 0.8500 MYR 80
Rev-Margin DCF 0.4400 MYR 0.6500 MYR 0.8900 MYR 74
Economic Profit
Residual Income 0.3500 MYR 0.3500 MYR 0.3300 MYR 76
ROIC Compounder 0.3100 MYR 0.3500 MYR 0.3700 MYR 72
Growth Earnings
Growth-Adj P/E 0.3700 MYR 0.5300 MYR 0.6900 MYR 68

Widest divergence: DCF Models (0.6600 MYR) versus Dividend Discount (0.1900 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 794M MYR
Revenue growth (YoY) +9.0%
Net margin 5.2%
Return on equity 3.8%
Free cash flow 95.7M MYR FY2025
P/E ratio 32.5
More key figures
Operating margin 0.2%
EPS (TTM) 0.0200 MYR
EPS growth (YoY) -82.0%
Net debt 11.7M MYR FY2021

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 59 · Market factors (momentum, volatility) 50

Profitability 35
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 84
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

Kretam Holdings Berhad, an investment holding company, engages in the oil palm plantation business in Malaysia and Spain. The company operates through two segments, Plantation and Mill, and Refinery. The Plantation and Mill segment cultivates and sells oil palm products.

Full company description

Kretam Holdings Berhad, an investment holding company, engages in the oil palm plantation business in Malaysia and Spain. The company operates through two segments, Plantation and Mill, and Refinery. The Plantation and Mill segment cultivates and sells oil palm products. The Refinery segment refines and sells crude palm oils; and produces and sells palm methyl ester. It is also involved in the provision of plantation management, data processing, and related services; property development and letting activities; operation of biogas power plant; production of biofuels; and manufacturing and supplying fertilizers. The company was incorporated in 1988 and is headquartered in Sandakan, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kretam Holdings reported revenue of 779M MYR in FY2025 versus 786M MYR in FY2021, a compound −0.2%/yr. Reported net income was 63.9M MYR in FY2025, compounding −19.7%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
779M MYR
Latest YoY
+6.7%
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.
−2.9%
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.
+10.6%
Avg. growth/yr (13Y) 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.
+9.1%
Revenue −0.2%/yr
FY21 786M MYR
FY22 851M MYR
FY23 784M MYR
FY24 730M MYR
FY25 779M MYR
Net income −19.7%/yr
FY21 153M MYR
FY22 108M MYR
FY23 108M MYR
FY24 175M MYR
FY25 63.9M MYR

1996 screens 11% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Kretam Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1996

Peer Group

Farm Products · 288 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 57 · Above median
Fair Value upside −11% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth 9% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 32.5× · Pricier than 75% of peers
P/B 0.34× · Cheaper than median
P/S (TTM) 0.46× · Cheaper than median
P/FCF 3.8× · 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 19 · sector 25
FUTURE 45 · sector 20
PAST 15 · sector 17
HEALTH 99 · sector 94
DIVIDEND 0 · sector 38

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Kretam Holdings (1996) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.5800 MYR versus a price of 0.6500 MYR, about −11% (overvalued).
What is the fair value of 1996?
Our model-based fair value for Kretam Holdings is 0.5800 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.6500 MYR.
What is the quality score of 1996?
Kretam Holdings has a Quality Score of 57/100. 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 Kretam Holdings (1996)?
Kretam Holdings reported trailing-twelve-month revenue of about 794M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 1996?
The net profit margin of Kretam Holdings is about 5.2%, meaning it keeps roughly 5.2% 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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