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Hup Seng Industries Berhad, an investment holding company, (5024) Fair Value & Analysis

Consumer Defensive · MY · Market cap 764M MYR

HS Hup Seng Industries Berhad, an investment holding company, 5024 · KLSE
Price0.9450 MYR
Fair Value1.09 MYR
Upside+15.3%
Quality77/100
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Mixed Growth
Solidly profitable · 12.6% net margin
generates free cash flow
4.21% dividend yield
Ranks above peers (11/13)
Wide moat 75/100
Evidence: High Range 0.7600 MYR – 1.49 MYR Share as image

Fair value as of: Jul 13, 2026

From 25 valuation models · updated 28 days ago

Share price −1.0% over the past month.

A strong business, screening 15% undervalued on our models.

What matters now

  • A fairly wide model range (0.7600 MYR to 1.49 MYR) leaves room in how you read the outcome.
  • Our model range runs from 0.7600 MYR (bear) to 1.49 MYR (bull), base 1.09 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 77/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

1.21 MYR 0.5207 MYR Fair Value 1.09 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 0.5207 MYR – 1.21 MYR · fair‑value band 0.7600 MYR – 1.49 MYR · the 0.9450 MYR price screens below the 1.09 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Hup Seng Industries Berhad, an investment holding company, (5024) currently trades at 0.9450 MYR, while our model-based Fair Value estimate is 1.09 MYR, implying the stock looks roughly 15.3% undervalued today. The Quality Score stands at 77/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hup Seng Industries Berhad, an investment holding company, generated revenue of 394M MYR at a net margin of 12.6%. Revenue declined 0.6% year over year. It earns a return on equity of 29.8%. The stock trades on a trailing P/E of 16.3. Fundamentals as of Jul 13, 2026

Our scenario range runs from 0.7600 MYR (bear case) to 1.49 MYR (bull case); at 0.9450 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 16% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 15%, 5024 screens cheaper 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
Residual Income 0.3200 MYR 0.3800 MYR 0.9700 MYR 76
Growth DCF 0.6400 MYR 0.8100 MYR 1.02 MYR 72
Gordon GGM 0.4700 MYR 0.7700 MYR 1.08 MYR 70
All 25 models by family
DCF Models
FCF DCF 0.6300 MYR 0.8200 MYR 1.06 MYR 38
Owner Earnings 0.6700 MYR 0.8800 MYR 1.14 MYR 31
5Y Revenue Exit 0.6100 MYR 0.8500 MYR 1.15 MYR 39
5Y EBITDA Exit 0.7800 MYR 1.16 MYR 1.59 MYR 41
5Y P/E Exit 0.8300 MYR 1.24 MYR 1.66 MYR 38
10Y Revenue Exit 0.6000 MYR 0.8100 MYR 1.06 MYR 36
10Y EBITDA Exit 0.7100 MYR 1.00 MYR 1.36 MYR 37
10Y P/E Exit 0.7400 MYR 1.05 MYR 1.41 MYR 35
Earnings-Based
Graham-Dodd 0.4200 MYR 1.05 MYR 1.36 MYR 54
PEG = 1.0 0.1900 MYR 0.2700 MYR 0.3500 MYR 46
EPV 0.6800 MYR 0.7600 MYR 0.8200 MYR 59
Dividend Discount
Gordon GGM 0.4700 MYR 0.7700 MYR 1.08 MYR 70
DDM Multi-Stage 0.4700 MYR 0.6600 MYR 0.8500 MYR 61
Multiples
P/E Multiple 0.9800 MYR 1.31 MYR 1.63 MYR 63
P/S Multiple 0.5900 MYR 0.7900 MYR 0.9900 MYR 58
P/B Multiple 0.7900 MYR 1.06 MYR 1.32 MYR 55
EV/EBIT 1.17 MYR 1.52 MYR 1.87 MYR 53
EV/EBITDA 1.00 MYR 1.29 MYR 1.59 MYR 54
EV/Revenue 0.6200 MYR 0.8400 MYR 1.07 MYR 43
Asset-Based
NCAV (Graham) 0.1000 MYR 0.1400 MYR 0.2100 MYR 50
Growth DCF
Growth DCF 0.6400 MYR 0.8100 MYR 1.02 MYR 72
Rev-Margin DCF 0.6100 MYR 0.8600 MYR 1.13 MYR 67
Economic Profit
Residual Income 0.3200 MYR 0.3800 MYR 0.9700 MYR 76
ROIC Compounder 0.6900 MYR 0.7800 MYR 0.8700 MYR 67
Growth Earnings
Growth-Adj P/E 0.7500 MYR 1.08 MYR 1.40 MYR 68

Widest divergence: Growth Earnings (1.08 MYR) versus Asset-Based (0.1400 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 394M MYR
Revenue growth (YoY) -0.6%
Net margin 12.6%
Return on equity 29.8%
Free cash flow 47.1M MYR FY2025
P/E ratio 16.3
More key figures
Operating margin 15.5%
EPS (TTM) 0.0600 MYR
Dividend yield 4.1%

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 76 · Market factors (momentum, volatility) 55

Profitability 88
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 82
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

Hup Seng Industries Berhad, an investment holding company, manufactures and sells biscuits and coffee mix in Malaysia and internationally. It operates in three segments: Biscuit Manufacturing, Beverage Manufacturing, and Trading Division.

Full company description

Hup Seng Industries Berhad, an investment holding company, manufactures and sells biscuits and coffee mix in Malaysia and internationally. It operates in three segments: Biscuit Manufacturing, Beverage Manufacturing, and Trading Division. The company offers biscuits, including crackers, cream sandwich biscuits, assorted biscuits, cookies, and other series under the Cap Ping Pong, Hup Seng Cream Crackers, Kerk, and Naturell brands; beverages, such as instant coffee mix, teas, and cereals under the In-Comix brand; rice crackers and other products under the Want Want brand. It also provides confectionery and other foodstuff, as well as exports its products. The company was founded in 1958 and is based in Batu Pahat, Malaysia. Hup Seng Industries Berhad is a subsidiary of HSB Group Sdn. Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hup Seng Industries Berhad, an investment holding company, reported revenue of 395M MYR in FY2025 versus 296M MYR in FY2021, a compound +7.5%/yr. Reported net income was 49.8M MYR in FY2025, compounding +16.3%/yr from FY2021.

Growth Quality 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
395M MYR
Latest YoY
−0.2%
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.
+7.4%
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.
+3.8%
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.
+3.6%
Revenue +7.5%/yr
FY21 296M MYR
FY22 318M MYR
FY23 357M MYR
FY24 395M MYR
FY25 395M MYR
Net income +16.3%/yr
FY21 27.2M MYR
FY22 26.1M MYR
FY23 45.1M MYR
FY24 57.6M MYR
FY25 49.8M MYR

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Cite: Fair Value Calculator (2026). "Hup Seng Industries Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5024

Peer Group

Packaged Foods · 649 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 77 · Top 25%
Fair Value upside +15% · Above median
Return on equity (TTM) 30% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 4.2% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than median
P/B 1.13× · Cheaper than median
P/S (TTM) 0.47× · Cheaper than median
P/FCF 4.0× · Pricier than median
EV/EBITDA 1.5× · 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 54 · sector 28
FUTURE 0 · sector 20
PAST 100 · sector 27
HEALTH 0 · sector 96
DIVIDEND 84 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Hup Seng Industries Berhad, an investment holding company, (5024) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 1.09 MYR versus a price of 0.9450 MYR, about +15% (undervalued).
What is the fair value of 5024?
Our model-based fair value for Hup Seng Industries Berhad, an investment holding company, is 1.09 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 0.9450 MYR.
What is the quality score of 5024?
Hup Seng Industries Berhad, an investment holding company, has a Quality Score of 77/100. 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 Hup Seng Industries Berhad, an investment holding company, (5024)?
Hup Seng Industries Berhad, an investment holding company, reported trailing-twelve-month revenue of about 394M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 5024?
The net profit margin of Hup Seng Industries Berhad, an investment holding company, is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.
Does Hup Seng Industries Berhad, an investment holding company, pay a dividend?
Hup Seng Industries Berhad, an investment holding company, currently shows a dividend yield of about 4.12% relative to its recent price (as of Jul 13, 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.

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