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TASCO Berhad (5140) Fair Value & Analysis

Industrials · MY · Market cap 312M MYR

TB TASCO Berhad 5140 · KLSE
Price0.3850 MYR
Fair Value0.7272 MYR
Upside+88.9%
Quality43/100
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Weak Growth
Thin margins · 4.1% net margin
Low debt · negative free cash flow
4.62% dividend yield
Ranks above peers (9/13)
Narrow moat 35/100
Evidence: High Range 0.5676 MYR – 0.9400 MYR Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.8200 MYR to 0.7272 MYR (−11.3%) since Jun 25, 2026. Share price −1.3% over the past month.

Below-average quality, screening 89% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.5676 MYR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

1.20 MYR 0.3350 MYR Fair Value 0.7272 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.3350 MYR – 1.20 MYR · fair‑value band 0.5676 MYR – 0.9400 MYR · the 0.3850 MYR price screens below the 0.7272 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

TASCO Berhad (5140) currently trades at 0.3850 MYR, while our model-based Fair Value estimate is 0.7272 MYR, implying the stock looks roughly 88.9% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials 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, TASCO Berhad generated revenue of 911M MYR at a net margin of 4.1%. Revenue grew 3.5% year over year. It earns a return on equity of 5.5%. Net debt stands at 263M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.5676 MYR (bear case) to 0.9400 MYR (bull case); at 0.3850 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 26% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 89%, 5140 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 0.6100 MYR 0.6100 MYR 0.5600 MYR 76
ROIC Compounder 0.3800 MYR 0.4500 MYR 0.5100 MYR 72
Gordon GGM 0.1000 MYR 0.1700 MYR 0.2400 MYR 70
All 15 models by family
Earnings-Based
Graham-Dodd 0.3200 MYR 0.8100 MYR 1.05 MYR 54
PEG = 1.0 0.1500 MYR 0.2100 MYR 0.2800 MYR 46
EPV 0.3800 MYR 0.4500 MYR 0.5100 MYR 59
Dividend Discount
Gordon GGM 0.1000 MYR 0.1700 MYR 0.2400 MYR 70
DDM Multi-Stage 0.1000 MYR 0.1400 MYR 0.1800 MYR 61
Multiples
P/E Multiple 0.7400 MYR 0.9800 MYR 1.23 MYR 63
P/S Multiple 0.6000 MYR 0.8000 MYR 1.00 MYR 58
P/B Multiple 0.6000 MYR 0.8000 MYR 1.00 MYR 55
EV/EBIT 0.8400 MYR 1.17 MYR 1.51 MYR 53
EV/EBITDA 1.22 MYR 1.68 MYR 2.15 MYR 54
EV/Revenue 0.5500 MYR 0.8600 MYR 1.17 MYR 43
Asset-Based
NCAV (Graham) 0.4200 MYR 0.5600 MYR 0.8300 MYR 50
Economic Profit
Residual Income 0.6100 MYR 0.6100 MYR 0.5600 MYR 76
ROIC Compounder 0.3800 MYR 0.4500 MYR 0.5100 MYR 72
Growth Earnings
Growth-Adj P/E 0.5700 MYR 0.8200 MYR 1.06 MYR 68

Widest divergence: Multiples (0.8600 MYR) versus Dividend Discount (0.1400 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 911M MYR
Revenue growth (YoY) +3.5%
Net margin 4.1%
Return on equity 5.5%
Free cash flow −84.9M MYR FY2026
P/E ratio 7.4
More key figures
Operating margin 7.0%
EPS (TTM) 0.0500 MYR
Dividend yield 4.9%
EPS growth (YoY) -29.0%
Net debt 263M MYR FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 42 · Market factors (momentum, volatility) 42

Profitability 26
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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

TASCO Berhad provides integrated logistics solutions worldwide. It operates through six segments: Air Freight Forwarding, Contract Logistics, Trucking, Ocean Freight Forwarding, Cold Supply Chain, and Supply Chain Solution.

Full company description

TASCO Berhad provides integrated logistics solutions worldwide. It operates through six segments: Air Freight Forwarding, Contract Logistics, Trucking, Ocean Freight Forwarding, Cold Supply Chain, and Supply Chain Solution. It offers airfreight forwarding services, including temperature control, sensitive equipment, small parcels, e-commerce, high security level cargo, project cargo, and chartered flights; ocean freight forwarding and shipment services; haulage services; and cross border land transportation services, such as daily LTL consolidation, FTL chartered, door-to-door delivery, customs clearance, pre-inspection of cargo, and trans container facility services. The company also provides custom house brokerage services; order management solutions; warehousing, distribution, transload and cross-docking, in-house logistics, and value-added services; supply chain solutions comprising supply chain management, lead logistics, solutions engineering, project cargo, trading, and e-commerce services; and automotive, aerospace, healthcare and pharmaceutical, food, technology, and retail logistics services. In addition, it engages in the truck rental and insurance agency businesses; letting of properties; trading of general merchandise; and offers cold supply chain, origin management, and lead logistics services. The company was formerly known as Trans-Asia Shipping Corporation Berhad and changed its name to TASCO Berhad in September 2009. TASCO Berhad was incorporated in 1974 and is headquartered in Shah Alam, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

TASCO Berhad reported revenue of 911M MYR in FY2026 versus 1.5B MYR in FY2022, a compound −11.5%/yr. Reported net income was 37.5M MYR in FY2026, compounding −13.0%/yr from FY2022.

Growth Quality 11/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
911M MYR
Latest YoY
−10.0%
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.
−17.2%
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.
−0.8%
Avg. growth/yr (18Y) 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.
+5.4%
Revenue −11.5%/yr
FY22 1.5B MYR
FY23 1.6B MYR
FY24 1.1B MYR
FY25 1.0B MYR
FY26 911M MYR
Net income −13.0%/yr
FY22 65.2M MYR
FY23 90.8M MYR
FY24 61.7M MYR
FY25 26.2M MYR
FY26 37.5M MYR
Character of growth · EPS growth decomposed (2015-2026) +3.5 % p.a.
Revenue per share +7.3 pp

of which total revenue +7.3 pp · buybacks/dilution +0.0 pp

EBIT margin −2.0 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −3.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "TASCO Berhad Fair Value". https://www.fairvalue-calculator.com/stock/5140

Peer Group

Integrated Freight & Logistics · 219 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 43 · Bottom 25%
Fair Value upside +89% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.40× · Higher than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than 75% of peers
P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
EV/EBITDA 2.1× · 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 100 · sector 46
FUTURE 18 · sector 8
PAST 22 · sector 26
HEALTH 80 · sector 94
DIVIDEND 92 · sector 55

Insider activity: 45/100

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is TASCO Berhad (5140) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.7272 MYR versus a price of 0.3850 MYR, about +89% (undervalued).
What is the fair value of 5140?
Our model-based fair value for TASCO Berhad is 0.7272 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.3850 MYR.
What is the quality score of 5140?
TASCO Berhad has a Quality Score of 43/100. 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 TASCO Berhad (5140)?
TASCO Berhad reported trailing-twelve-month revenue of about 911M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5140?
The net profit margin of TASCO Berhad is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does TASCO Berhad pay a dividend?
TASCO Berhad currently shows a dividend yield of about 4.86% relative to its recent price (as of Jul 16, 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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