TH Plantations Bhd (5112) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of TH Plantations Bhd MYR 1.71, price MYR 0.53, upside +222.6%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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TH Plantations Berhad, an investment holding company, engages in the cultivation of oil palm in Malaysia and Indonesia. It operates through two segments, Oil Palm Plantations and Forestry.
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TH Plantations Berhad, an investment holding company, engages in the cultivation of oil palm in Malaysia and Indonesia. It operates through two segments, Oil Palm Plantations and Forestry. The company is also involved in the processing of fresh fruit bunches; marketing of crude palm oil, palm kernel, and fresh fruit bunches; harvesting of rubberwood; letting of investment properties; forestry; and investment in a biogas plant project. In addition, it offers management services. Further, the company operates oil palm and teak estates; and palm oil mills. The company was incorporated in 1972 and is headquartered in Kuala Lumpur, Malaysia. TH Plantations Berhad operates as a subsidiary of Lembaga Tabung Haji.
Stock analysis
TH Plantations Bhd (5112) currently trades at 0.5300 MYR, while our model-based Fair Value estimate is 1.71 MYR, implying the stock looks roughly 69.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 1.83 MYR per share, and 24 of the 26 models we run sit above the 0.5300 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.3300 MYR, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.9800 MYR (bear) to 2.37 MYR (bull), the price of 0.5300 MYR sits below 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 61/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TH Plantations Bhd reported revenue of 961M MYR in FY2025 versus 761M MYR in FY2021, a compound +6.0%/yr. Reported net income was 91.8M MYR in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap 539M MYR (≈ $132M) · P/E ratio 6.6 · P/S ratio 0.63 · EPS (TTM) 0.0800 MYR · Dividend yield 5.7% · Net margin 9.6% · Return on equity 8.0% · Return on assets (EBIT) 7.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 223%, 5112 screens cheaper than that median.
Fair Value models
Bear 0.9800 MYRFair Value 1.71 MYRBull 2.37 MYR
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0378 MYR per share) are deliberately not added.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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.5%
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.
+2.9%
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.
+11.6%
Start year 2020 (pandemic). Over 10 years: +7.8% a year
Revenue growth 13 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.
+7.5%
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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. 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.
+22.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.9%
Dividend (yield on the price)5.7%
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.16.9% vs −4.6%, picking up
Profit margin 2020 to 2025 ⓘ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.22% → 25%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −4.7% a year for the price.
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.Farm Products · 279 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)8.0% · Above median
Return on assets5.4% · Above median
Net margin (TTM)9.4% · Above median
Operating margin (TTM)22.5% · Top 25%
Growth and dividend
Revenue growth3.3% · Below median
Dividend yield (TTM)5.7% · Top 25%
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiplesvs Farm Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "TH Plantations Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5112
Frequently asked questions
Is TH Plantations Bhd (5112) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of 1.71 MYR versus a price of 0.5300 MYR, about +223% upside (undervalued).
What is the fair value of 5112?
Our model-based fair value for TH Plantations Bhd is 1.71 MYR (as of Sep 28, 2026), built from audited fundamentals. The current price: 0.5300 MYR.
What is the quality score of 5112?
TH Plantations Bhd has a Quality Score of 61/100. 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 TH Plantations Bhd (5112)?
Our model-based price target is the fair value of 1.71 MYR (as of Sep 28, 2026) from 26 valuation models. Cautious scenario 0.9800 MYR, optimistic scenario 2.37 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the TH Plantations Bhd stock forecast for 2026?
Our models put fair value at 1.71 MYR, about +223% upside versus a price of 0.5300 MYR (undervalued). Cautious scenario 0.9800 MYR, optimistic scenario 2.37 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of TH Plantations Bhd (5112)?
TH Plantations Bhd reported trailing-twelve-month revenue of about 967M MYR (latest available figure, as of Sep 28, 2026).
Does TH Plantations Bhd pay a dividend?
TH Plantations Bhd currently shows a dividend yield of about 5.66% relative to its recent price (as of Sep 28, 2026).
What growth is priced into TH Plantations Bhd (5112)?
For today's price to be fair in a discounted-cash-flow model, TH Plantations Bhd would have to grow free cash flow by -2.8 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.6 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of 5112 use?
Our models discount TH Plantations Bhd at 14.1 %: a base by market capitalisation (micro), country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TH Plantations Bhd that is -2.8 % per year a year over ten years, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has TH Plantations Bhd (5112) delivered so far?
Over the past 5 years revenue at TH Plantations Bhd grew +11.6 % a year. The price currently implies -2.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TH Plantations Bhd (5112) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into TH Plantations Bhd (-2.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TH Plantations Bhd (5112)?
The free-cash-flow yield on the price is 31.41 %: that much free cash flow TH Plantations Bhd produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TH Plantations Bhd (5112)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TH Plantations Bhd it is 1.71 MYR per share (as of Sep 28, 2026), against a price of 0.5300 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is TH Plantations Bhd stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 5112 trades below its calculated fair value: price 0.5300 MYR, fair value 1.71 MYR, a gap of about +223% (undervalued). 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 5112?
No. The price is what the market pays today (0.5300 MYR); the fair value is what the company's own numbers justify (1.71 MYR). For TH Plantations Bhd the two are 1.18 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is TH Plantations Bhd worth?
The market values TH Plantations Bhd at about 539M MYR (market capitalisation, as of Sep 28, 2026). Per share that is 0.5300 MYR; our models calculate a fair value of 1.71 MYR per share.
What do the bullish and bearish scenarios say about 5112?
Our models span a range for TH Plantations Bhd: cautious scenario 0.9800 MYR, base 1.71 MYR, optimistic 2.37 MYR per share (as of Sep 28, 2026, price 0.5300 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5112?
TH Plantations Bhd trades at a price-to-earnings ratio of 6.6 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.71 MYR is built from several models across several years. Other multiples: PEG 0.3, P/B 0.7, P/S 0.6, EV/EBITDA 3.6.
What is the PEG ratio of 5112?
The PEG ratio of TH Plantations Bhd is 0.32 (P/E divided by earnings growth, as of Sep 28, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TH Plantations Bhd (5112)?
Balance-sheet figures for TH Plantations Bhd (as of Sep 28, 2026): return on equity 8.0%, debt of 0.78 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 5112 from its 52-week high?
TH Plantations Bhd trades at 0.5300 MYR, about 19% below its 52-week high of 0.6539 MYR and 6% above the low of 0.5011 MYR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 1.71 MYR is for.
Which stocks are comparable to TH Plantations Bhd?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, 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 TH Plantations Bhd stock attractive at the current price?
The data as of Sep 28, 2026: price 0.5300 MYR, calculated fair value 1.71 MYR (+223%), Quality Score 61/100, from 26 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 5112 calculated?
We run TH Plantations Bhd through 26 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 1.71 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 14.5 % above its aggregate fair value. TH Plantations Bhd currently trades 69 % below its own fair value, and the market average says nothing about that. 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 TH Plantations Bhd (5112)?
The closing price on Oct 2, 2026 was 0.5300 MYR. Our model-based fair value is 1.71 MYR, about +223% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TH Plantations Bhd right now?
The price is below even our cautious bear case (0.9800 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.9800 MYR to 2.37 MYR) leaves room in how you read the outcome.
Key figures of TH Plantations Bhd
How large is the market capitalisation of TH Plantations Bhd (5112)?
The market capitalisation of TH Plantations Bhd is 539M MYR (≈ $132M). 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 TH Plantations Bhd (5112)?
The price-to-sales ratio of TH Plantations Bhd is 0.63 (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 TH Plantations Bhd (5112)?
Earnings per share at TH Plantations Bhd are 0.0800 MYR (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TH Plantations Bhd (5112)?
The dividend yield of TH Plantations Bhd is 5.7% (payout 37.5%). 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 TH Plantations Bhd (5112)?
The net margin of TH Plantations Bhd is 9.6% (fiscal year 2025). 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 TH Plantations Bhd (5112)?
The return on equity (ROE) of TH Plantations Bhd is 8.0% (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 TH Plantations Bhd (5112)?
On an EBIT basis the return on assets of TH Plantations Bhd is 7.3% (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 TH Plantations Bhd (5112)?
The operating margin of TH Plantations Bhd is 22.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TH Plantations Bhd (5112)?
Revenue at TH Plantations Bhd is growing +3.3% versus a year earlier (3y avg +2.9%). 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 TH Plantations Bhd (5112)?
Earnings per share at TH Plantations Bhd are growing −14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TH Plantations Bhd (5112) carry?
The net debt of TH Plantations Bhd is 1.1B MYR (fiscal year 2025, ≈ 7.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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