Hexza Corporation Bhd (3298) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Hexza Corporation Bhd MYR 0.40, price MYR 1.08, upside -62.8%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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 Oct 4, 2026.
How to read this chart
60‑month range 0.6159 MYR – 1.10 MYR · fair‑value band 0.3054 MYR – 0.4982 MYR · the 1.08 MYR price screens above the 0.4018 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Hexza Corporation Berhad, an investment holding company, manufactures and sells ethanol and formaldehyde-based liquid adhesive resins in Malaysia. The company operates through five segments: Investment holding, Resins, Ethanol, Trading, and Others.
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Hexza Corporation Berhad, an investment holding company, manufactures and sells ethanol and formaldehyde-based liquid adhesive resins in Malaysia. The company operates through five segments: Investment holding, Resins, Ethanol, Trading, and Others. It manufactures and sells formaldehyde based adhesive resins and glues for wood related industries; ethyl alcohol, liquefied carbon dioxide, and kaoliang wine. The company also engages in the property development activities; manufacture and sale of natural vinegar, and ethanol and distillers dried grains with solubles; and marketing and distribution of consumer products and industrial chemicals. The company was formerly known as Norsechem (M) Sdn. Bhd. and changed its name to Hexza Corporation Berhad in July 1986. Hexza Corporation Berhad was incorporated in 1969 and is based in Ipoh, Malaysia.
Stock analysis
Hexza Corporation Bhd (3298) currently trades at 1.08 MYR, while our model-based Fair Value estimate is 0.4018 MYR, 62.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.64 MYR per share, and 2 of the 14 models we run sit above the 1.08 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.1200 MYR, and 12 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.3054 MYR (bear) to 0.4982 MYR (bull), the price of 1.08 MYR sits above 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 41/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Hexza Corporation Bhd reported revenue of 74.3M MYR in FY2026 versus 77.2M MYR in FY2022, a compound −0.9%/yr. Reported net income was 3.0M MYR in FY2026, compounding −15.6%/yr from FY2022.
Key figures
Market cap 223M MYR (≈ $54.7M) · P/E ratio 108.0 · P/S ratio 4.37 · EPS (TTM) 0.0100 MYR · Dividend yield 6.9% · Net margin 4.0% · Return on equity 0.7% · Return on assets (EBIT) 1.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −63%, 3298 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.1200 MYR to 1.64 MYR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 0.3054 MYRFair Value 0.4018 MYRBull 0.4982 MYR
Price 1.08 MYR · Upside -62.8%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.24/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+25.4%
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.
+7.4%
Revenue growth 5 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.
−0.3%
Start year 2021 (pandemic). Over 10 years: −6.2% a year
Revenue growth 14 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.
−4.9%
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What shareholders gained per year (last 5 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 5 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. Basis: EBIT basis. 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.
−9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.4%
Dividend (yield on the price)6.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−22.1% vs −15.7%, slowing
Profit margin 2021 to 2026 ⓘ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.17% → 7%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 9.0%/yr over ~9Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Specialty Chemicals · 713 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−62.8% · Bottom 25%
Profitability
Return on equity (TTM)0.7% · Bottom 25%
Return on assets0.7% · Bottom 25%
Net margin (TTM)4.0% · Below median
Operating margin (TTM)9.0% · Below median
Growth and dividend
Revenue growth43.0% · Top 25%
Dividend yield (TTM)6.9% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)108.0× · Priciest 25%
P/B0.44× · Cheapest 25%
P/S (TTM)3.01× · Priciest 25%
EV/EBITDA19.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 60
PAST (return on equity)3· sector 26
HEALTH (low debt)0· sector 95
DIVIDEND (yield)100· sector 28
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.
Cite: Fair Value Calculator (2026). "Hexza Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/3298
Frequently asked questions
Is Hexza Corporation Bhd (3298) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 0.4018 MYR versus a price of 1.08 MYR, about −63% upside (overvalued).
What is the fair value of 3298?
Our model-based fair value for Hexza Corporation Bhd is 0.4018 MYR (as of Oct 4, 2026), built from audited fundamentals. The current price: 1.08 MYR.
What is the quality score of 3298?
Hexza Corporation Bhd has a Quality Score of 41/100. 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 Hexza Corporation Bhd (3298)?
Our model-based price target is the fair value of 0.4018 MYR (as of Oct 4, 2026) from 14 valuation models. Cautious scenario 0.3054 MYR, optimistic scenario 0.4982 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Hexza Corporation Bhd stock forecast for 2026?
Our models put fair value at 0.4018 MYR, about −63% upside versus a price of 1.08 MYR (overvalued). Cautious scenario 0.3054 MYR, optimistic scenario 0.4982 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Hexza Corporation Bhd (3298)?
Hexza Corporation Bhd reported trailing-twelve-month revenue of about 74.3M MYR (latest available figure, as of Oct 4, 2026).
Does Hexza Corporation Bhd pay a dividend?
Hexza Corporation Bhd currently shows a dividend yield of about 6.94% relative to its recent price (as of Oct 4, 2026).
What is the intrinsic value of Hexza Corporation Bhd (3298)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hexza Corporation Bhd it is 0.4018 MYR per share (as of Oct 4, 2026), against a price of 1.08 MYR. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Hexza Corporation Bhd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 3298 trades above its calculated fair value: price 1.08 MYR, fair value 0.4018 MYR, a gap of about −63% (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 3298?
No. The price is what the market pays today (1.08 MYR); the fair value is what the company's own numbers justify (0.4018 MYR). For Hexza Corporation Bhd the two are 0.6782 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Hexza Corporation Bhd worth?
The market values Hexza Corporation Bhd at about 223M MYR (market capitalisation, as of Oct 4, 2026). Per share that is 1.08 MYR; our models calculate a fair value of 0.4018 MYR per share.
What do the bullish and bearish scenarios say about 3298?
Our models span a range for Hexza Corporation Bhd: cautious scenario 0.3054 MYR, base 0.4018 MYR, optimistic 0.4982 MYR per share (as of Oct 4, 2026, price 1.08 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3298?
Hexza Corporation Bhd trades at a price-to-earnings ratio of 108.0 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.4018 MYR is built from several models across several years. Other multiples: P/B 0.4, P/S 3.0, EV/EBITDA 19.2.
How solid is the balance sheet of Hexza Corporation Bhd (3298)?
Balance-sheet figures for Hexza Corporation Bhd (as of Oct 4, 2026): return on equity 0.7%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 3298 from its 52-week high?
Hexza Corporation Bhd trades at 1.08 MYR, about 2% below its 52-week high of 1.10 MYR and 35% above the low of 0.8000 MYR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4018 MYR is for.
Which stocks are comparable to Hexza Corporation Bhd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Hexza Corporation Bhd stock attractive at the current price?
The data as of Oct 4, 2026: price 1.08 MYR, calculated fair value 0.4018 MYR (−63%), Quality Score 41/100, from 14 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 3298 calculated?
We run Hexza Corporation Bhd through 14 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 0.4018 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 15.0 % above its aggregate fair value. Hexza Corporation 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 Hexza Corporation Bhd (3298)?
The closing price on Oct 2, 2026 was 1.08 MYR. Our model-based fair value is 0.4018 MYR, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hexza Corporation Bhd right now?
The price sits above even our optimistic bull case (0.4982 MYR). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Hexza Corporation Bhd
How large is the market capitalisation of Hexza Corporation Bhd (3298)?
The market capitalisation of Hexza Corporation Bhd is 223M MYR (≈ $54.7M). 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 Hexza Corporation Bhd (3298)?
The price-to-sales ratio of Hexza Corporation Bhd is 4.37 (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 Hexza Corporation Bhd (3298)?
Earnings per share at Hexza Corporation Bhd are 0.0100 MYR (price ÷ EPS = P/E 108.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hexza Corporation Bhd (3298)?
The dividend yield of Hexza Corporation Bhd is 6.9%. 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 Hexza Corporation Bhd (3298)?
The net margin of Hexza Corporation Bhd is 4.0% (fiscal year 2026). 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 Hexza Corporation Bhd (3298)?
The return on equity (ROE) of Hexza Corporation Bhd is 0.7% (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 Hexza Corporation Bhd (3298)?
On an EBIT basis the return on assets of Hexza Corporation Bhd is 1.5% (avg 5y). 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 Hexza Corporation Bhd (3298)?
The operating margin of Hexza Corporation Bhd is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hexza Corporation Bhd (3298)?
Revenue at Hexza Corporation Bhd is growing +43.0% versus a year earlier (3y avg +7.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hexza Corporation Bhd (3298)?
Earnings per share at Hexza Corporation Bhd are growing +21.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hexza Corporation Bhd (3298) generate?
The free cash flow of Hexza Corporation Bhd is −11.5M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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