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Fraser & Neave Holdings (3689) Fair Value & Analysis

Consumer Defensive · MY · Market cap 9.6B MYR

FN Fraser & Neave Holdings 3689 · KLSE
Price27.90 MYR
Fair Value23.31 MYR
Upside-16.5%
Quality95/100
Evidence: High Range 16.32 MYR – 30.30 MYR

Fair value as of: Jun 24, 2026

From 15 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 18.18 MYR to 23.31 MYR (+28.2%) since Jun 23, 2026. Share price −1.6% over the past month.

Price vs Fair Value (12 months)

35.98 MYR 25.69 MYR Fair Value 23.31 MYR Jun 2025 Jun 2026

12‑month range 25.69 MYR – 35.98 MYR · fair‑value band 16.32 MYR – 30.30 MYR · the 27.90 MYR price screens above the 23.31 MYR fair value. As of Jun 24, 2026.

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Analysis

Fraser & Neave Holdings (3689) currently trades at 27.90 MYR, while our model-based Fair Value estimate is 23.31 MYR — implying the stock looks roughly 16.5% overvalued today. We read business quality at 95/100 (high 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, Fraser & Neave Holdings generated revenue of 5.0B MYR at a net margin of 8.1%. Revenue declined 7.6% year over year. It earns a return on equity of 10.7%. Net debt stands at 30.3M MYR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 5.0B MYR
Revenue growth (YoY) -7.6%
Net margin 8.1%
Return on equity 10.7%
Free cash flow −133M MYR FY2025
P/E ratio 23.7
More key figures
Operating margin 12.2%
EPS (TTM) 1.11 MYR
Dividend yield 2.5%
EPS growth (YoY) -31.6%
Net debt 30.3M MYR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Fraser & Neave Holdings Bhd, an investment holding company, primarily engages in the manufacture, sale, trading, and distribution of soft drinks, dairy, and food products in South East Asia, the Middle East, Africa, China, and internationally. It operates through Food & Beverages Malaysia, Food & Beverages Indochina, Property, and Others segments. The company offers condensed, evaporated, sweetened, and sterilized milk products; ketupat and sauces; confectionery and snack; liquid and plant-based milk; isotonic and electrolyte drinks; water and energy drinks; tea; Asian drinks; packaged food; juice and tea products; cordial products; carbonated soft drinks; milk tablets; and soya. It is alsoinvolved in the manufacture, wholesale, and trading of processed and preserved fruits and food products; wholesale, import, and export of gummy and other products; provision of management, and financial and treasury services; property management and development; and dairy farming and agriculture a…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fraser & Neave Holdings reported revenue of 5.2B MYR in FY2025 versus 4.1B MYR in FY2021, a compound +5.9%/yr. Reported net income was 508M MYR in FY2025, compounding +6.5%/yr from FY2021.

Revenue +5.9%/yr
FY21 4.1B MYR
FY22 4.5B MYR
FY23 5.0B MYR
FY24 5.2B MYR
FY25 5.2B MYR
Net income +6.5%/yr
FY21 395M MYR
FY22 383M MYR
FY23 537M MYR
FY24 543M MYR
FY25 508M MYR

Open the full interactive analysis →

Similar stocks

6 more Beverages - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company CCC3 €72.40 €21.88 -70%
PepsiCo, Inc PEP 2,483 MXN 1,830 MXN -26%
Monster Beverage Corporation MNST $93.02 $56.09 -40%
Nongfu Spring Co 9633 HK$42.62 HK$82.00 +92%
Coca-Cola FEMSA, S.A. C2CA34 R$108.87 R$48.98 -55%
Keurig Dr Pepper Inc KDP $30.87 $32.62 +6%

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Frequently asked questions

Is Fraser & Neave Holdings (3689) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 23.31 MYR versus a price of 27.90 MYR — about −16% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 3689?
Our 21-model fair value for Fraser & Neave Holdings is 23.31 MYR (as of Jun 24, 2026), built from audited fundamentals. The current price is 27.90 MYR.
What is the quality score of 3689?
Fraser & Neave Holdings has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Fraser & Neave Holdings (3689)?
Fraser & Neave Holdings reported trailing-twelve-month revenue of about 5.0B MYR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 3689?
The net profit margin of Fraser & Neave Holdings is about 8.1%, meaning it keeps roughly 8.1% of revenue as net income. Based on the latest reported figures.
Does Fraser & Neave Holdings pay a dividend?
Fraser & Neave Holdings currently shows a dividend yield of about 2.49% relative to its recent price (as of Jun 24, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.