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HeveaBoard Berhad, an investment holding company, (5095) Fair Value & Analysis

Basic Materials · MY · Market cap 65.1M MYR

HB HeveaBoard Berhad, an investment holding company, 5095 · KLSE
Price0.1300 MYR
Fair Value0.1600 MYR
Upside+23.1%
Quality44/100
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Weak Growth
Loss-making · -17.0% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 8/100
Evidence: Low Range 0.1600 MYR – 0.1800 MYR Share as image

Fair value as of: Jul 13, 2026

From 3 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 0.0800 MYR to 0.1600 MYR (+100.0%) since Jun 26, 2026. Share price +13.0% over the past month.

Below-average quality, screening 23% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.1600 MYR). The market is more pessimistic than our downside scenario.
  • The models converge in a tight band (0.1600 MYR to 0.1800 MYR), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.6258 MYR 0.0950 MYR Fair Value 0.1600 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 0.0950 MYR – 0.6258 MYR · fair‑value band 0.1600 MYR – 0.1800 MYR · the 0.1300 MYR price screens below the 0.1600 MYR fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

HeveaBoard Berhad, an investment holding company, (5095) currently trades at 0.1300 MYR, while our model-based Fair Value estimate is 0.1600 MYR, implying the stock looks roughly 23.1% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials 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: low), always confirm before acting.

Over the trailing twelve months, HeveaBoard Berhad, an investment holding company, generated revenue of 294M MYR at a net margin of -17.0%. Revenue declined 14.4% year over year. It earns a return on equity of -13.3%. Fundamentals as of Jul 13, 2026

Our scenario range runs from 0.1600 MYR (bear case) to 0.1800 MYR (bull case); at 0.1300 MYR, the current price sits below 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 45% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at 23%, 5095 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
Gordon GGM 0.0700 MYR 0.0700 MYR 0.0800 MYR 70
DDM Multi-Stage 0.0700 MYR 0.0800 MYR 0.0900 MYR 61
NCAV (Graham) 0.3200 MYR 0.4200 MYR 0.6300 MYR 50
All 3 models by family
Dividend Discount
Gordon GGM 0.0700 MYR 0.0700 MYR 0.0800 MYR 70
DDM Multi-Stage 0.0700 MYR 0.0800 MYR 0.0900 MYR 61
Asset-Based
NCAV (Graham) 0.3200 MYR 0.4200 MYR 0.6300 MYR 50

Widest divergence: Asset-Based (0.4200 MYR) versus Dividend Discount (0.0700 MYR). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 294M MYR
Revenue growth (YoY) -14.4%
Net margin -17.0%
Return on equity -13.3%
Free cash flow −23.9M MYR FY2025
Operating margin -18.4%
More key figures
EPS (TTM) -0.0900 MYR
EPS growth (YoY) +41.3%

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 29

Profitability 9
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 13
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

HeveaBoard Berhad, an investment holding company, manufactures, trades in, and distributes particleboards and particleboard-based products. It operates through Particleboards; Ready-to-Assemble Product; Cultivation and Trading of Gourmet Fungi; and Others segments.

Full company description

HeveaBoard Berhad, an investment holding company, manufactures, trades in, and distributes particleboards and particleboard-based products. It operates through Particleboards; Ready-to-Assemble Product; Cultivation and Trading of Gourmet Fungi; and Others segments. The company manufactures, trades, distributes, and markets ready-to-assemble furniture; and is involved in the design, manufacturing, trading, and sale of plain and laminated particleboards. It also cultivates and trades in gourmet fungi; and trades in other panel boards. It operates in Japan, China, the Philippines, Korea, Malaysia, India, the United States, France, Hong Kong, Australia, the United Arab Emirates, Singapore, and internationally. HeveaBoard Berhad was incorporated in 1993 and is headquartered in Gemas, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HeveaBoard Berhad, an investment holding company, reported revenue of 306M MYR in FY2025 versus 371M MYR in FY2021, a compound −4.7%/yr. Reported net income was −40.2M MYR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
306M MYR
Latest YoY
−6.6%
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.
−9.5%
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.
−4.7%
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.
−1.5%
Revenue −4.7%/yr
FY21 371M MYR
FY22 413M MYR
FY23 296M MYR
FY24 327M MYR
FY25 306M MYR
Net income
FY21 −1.2M MYR
FY22 9.3M MYR
FY23 −3.8M MYR
FY24 −5.1M MYR
FY25 −40.2M MYR

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Cite: Fair Value Calculator (2026). "HeveaBoard Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5095

Peer Group

Lumber & Wood Production · 76 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 44 · Below median
Fair Value upside +23% · Top 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -18% · Bottom 25%
Revenue growth -14% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/S (TTM) 0.05× · 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 64 · sector 16
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 98 · sector 92
DIVIDEND 0 · sector 32

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

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Frequently asked questions

Is HeveaBoard Berhad, an investment holding company, (5095) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 0.1600 MYR versus a price of 0.1300 MYR, about +23% (undervalued).
What is the fair value of 5095?
Our model-based fair value for HeveaBoard Berhad, an investment holding company, is 0.1600 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 0.1300 MYR.
What is the quality score of 5095?
HeveaBoard Berhad, an investment holding company, has a Quality Score of 44/100. 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 HeveaBoard Berhad, an investment holding company, (5095)?
HeveaBoard Berhad, an investment holding company, reported trailing-twelve-month revenue of about 294M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 5095?
The net profit margin of HeveaBoard Berhad, an investment holding company, is about -17.0%, 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.

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