Fairvalue-Calculator Fairvalue-Calculator
EN DE

White Horse Berhad, an investment holding company, (5009) Fair Value & Analysis

Basic Materials · MY · Market cap 107M MYR

WH White Horse Berhad, an investment holding company, 5009 · KLSE
Price0.4600 MYR
Fair Value0.2400 MYR
Upside-47.8%
Quality95/100
Evidence: Medium Range 0.2300 MYR – 0.2400 MYR

Fair value as of: Jun 25, 2026

From 14 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from 0.9300 MYR to 0.2400 MYR (−74.2%) since Jun 24, 2026. Share price −4.1% over the past month.

Price vs Fair Value (12 months)

0.8906 MYR 0.4502 MYR Fair Value 0.2400 MYR Jun 2025 Jun 2026

12‑month range 0.4502 MYR – 0.8906 MYR · fair‑value band 0.2300 MYR – 0.2400 MYR · the 0.4600 MYR price screens above the 0.2400 MYR fair value. As of Jun 25, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

White Horse Berhad, an investment holding company, (5009) currently trades at 0.4600 MYR, while our model-based Fair Value estimate is 0.2400 MYR — implying the stock looks roughly 47.8% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials 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: medium).

Over the trailing twelve months, White Horse Berhad, an investment holding company, generated revenue of 364M MYR at a net margin of -1.7%. Revenue declined 18.2% year over year. It earns a return on equity of -1.1%. Net debt stands at 13.7M MYR. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 364M MYR
Revenue growth (YoY) -18.2%
Net margin -1.7%
Return on equity -1.1%
Free cash flow 19.5M MYR FY2025
Operating margin -8.8%
More key figures
EPS (TTM) -0.0300 MYR
Net debt 13.7M MYR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

White Horse Berhad, an investment holding company, engages in the manufacture and distribution of ceramic and homogeneous tiles in Malaysia, Vietnam, Indonesia, the Philippines, Singapore, Thailand, and China. The company offers ceramic floor and wall, décor, glazed polished, polished porcelain, and porcelain tiles, as well as related support services activities incidental to transportation. It also distributes ceramic, building materials, and hardware products. White Horse Berhad was incorporated in 1997 and is based in Pasir Gudang, Malaysia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

White Horse Berhad, an investment holding company, reported revenue of 381M MYR in FY2025 versus 400M MYR in FY2021, a compound −1.2%/yr. Reported net income was −7.3M MYR in FY2025.

Revenue −1.2%/yr
FY21 400M MYR
FY22 414M MYR
FY23 422M MYR
FY24 438M MYR
FY25 381M MYR
Net income
FY21 16.7M MYR
FY22 792K MYR
FY23 −16.6M MYR
FY24 −10.9M MYR
FY25 −7.3M MYR

Open the full interactive analysis →

Similar stocks

6 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $99.98 $57.88 -42%
Holcim AG HCMLY $18.75 $9.07 -52%
Heidelberg Materials AG HEI €183.70 €168.14 -8%
Vulcan Materials Company VMC $272.67 $117.03 -57%
Martin Marietta Materials, Inc MLM $575.83 $135.46 -76%
UltraTech Cement Limited ULTRACEMCO ₹10,912 ₹4,589 -58%

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is White Horse Berhad, an investment holding company, (5009) undervalued?
As of Jun 25, 2026, our model estimates a fair value of 0.2400 MYR versus a price of 0.4600 MYR — about −48% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 5009?
Our 21-model fair value for White Horse Berhad, an investment holding company, is 0.2400 MYR (as of Jun 25, 2026), built from audited fundamentals. The current price is 0.4600 MYR.
What is the quality score of 5009?
White Horse Berhad, an investment holding company, has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of White Horse Berhad, an investment holding company, (5009)?
White Horse Berhad, an investment holding company, reported trailing-twelve-month revenue of about 364M MYR (latest available figure, as of Jun 25, 2026).
What is the net profit margin of 5009?
The net profit margin of White Horse Berhad, an investment holding company, is about -1.7%, meaning it is currently running at a net loss. 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.

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