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Farm Fresh Berhad, (5306) Fair Value & Analysis

Consumer Defensive · MY · Market cap 4.2B MYR

FF Farm Fresh Berhad, 5306 · KLSE
Price2.19 MYR
Fair Value1.17 MYR
Upside-46.6%
Quality45/100
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Expensive Growth
Solidly profitable · 11.6% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (8/14)
Moderate moat 55/100
Evidence: High Range 0.8700 MYR – 2.02 MYR Share as image

Fair value as of: Jul 15, 2026

From 16 valuation models · updated 26 days ago

Share price −4.8% over the past month.

Below-average quality, and screening another 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.02 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.8700 MYR to 2.02 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

2.99 MYR 1.02 MYR Fair Value 1.17 MYR Mar 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

53‑month range 1.02 MYR – 2.99 MYR · fair‑value band 0.8700 MYR – 2.02 MYR · the 2.19 MYR price screens above the 1.17 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Farm Fresh Berhad, (5306) currently trades at 2.19 MYR, while our model-based Fair Value estimate is 1.17 MYR, implying the stock looks roughly 46.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Defensive 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: high).

Over the trailing twelve months, Farm Fresh Berhad, generated revenue of 1.1B MYR at a net margin of 11.6%. Revenue grew 12.9% year over year. It earns a return on equity of 16.7%. Net debt stands at 575M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.8700 MYR (bear case) to 2.02 MYR (bull case); at 2.19 MYR, the current price sits above 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 28% below its 52-week high and 28% 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 -47%, 5306 screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income 0.4400 MYR 0.6000 MYR 2.02 MYR 76
ROIC Compounder 0.6800 MYR 1.03 MYR 1.30 MYR 72
Gordon GGM 0.0900 MYR 0.1700 MYR 0.2600 MYR 70
All 16 models by family
Earnings-Based
Graham-Dodd 0.4700 MYR 3.26 MYR 4.58 MYR 54
Lynch FV 1.09 MYR 1.56 MYR 2.02 MYR 50
PEG = 1.0 1.09 MYR 1.56 MYR 2.02 MYR 46
EPV 0.5700 MYR 0.6800 MYR 0.7700 MYR 59
Dividend Discount
Gordon GGM 0.0900 MYR 0.1700 MYR 0.2600 MYR 70
DDM Multi-Stage 0.0900 MYR 0.1500 MYR 0.1800 MYR 61
Multiples
P/E Multiple 1.08 MYR 1.44 MYR 1.81 MYR 63
P/S Multiple 0.7100 MYR 0.9500 MYR 1.18 MYR 58
P/B Multiple 0.8800 MYR 1.17 MYR 1.46 MYR 55
EV/EBIT 0.9600 MYR 1.32 MYR 1.68 MYR 53
EV/EBITDA 1.04 MYR 1.44 MYR 1.83 MYR 54
EV/Revenue 0.4900 MYR 0.7500 MYR 1.02 MYR 43
Asset-Based
NCAV (Graham) 0.2100 MYR 0.2800 MYR 0.4200 MYR 50
Economic Profit
Residual Income 0.4400 MYR 0.6000 MYR 2.02 MYR 76
ROIC Compounder 0.6800 MYR 1.03 MYR 1.30 MYR 72
Growth Earnings
Growth-Adj P/E 1.44 MYR 2.05 MYR 2.67 MYR 68

Widest divergence: Growth Earnings (2.05 MYR) versus Dividend Discount (0.1500 MYR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.1B MYR
Revenue growth (YoY) +12.9%
Net margin 11.6%
Return on equity 16.7%
Free cash flow −103M MYR FY2026
P/E ratio 30.7
More key figures
Operating margin 12.2%
EPS (TTM) 0.0700 MYR
EPS growth (YoY) -1.4%
Net debt 575M MYR FY2026

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 53

Profitability 48
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 78
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

Farm Fresh Berhad, together with its subsidiaries, engages in the production, marketing, and sale of cow's milk and plant-based related products in Malaysia, Australia, Singapore, and internationally.

Full company description

Farm Fresh Berhad, together with its subsidiaries, engages in the production, marketing, and sale of cow's milk and plant-based related products in Malaysia, Australia, Singapore, and internationally. The company's products portfolio includes fresh milk, flavored milk, farm fresh grow, yoghurt and yoghurt drinks, goat milk, and other products; plant-based alternatives, such as soy, almond, and oat milk; and milk powder and ready-to-drink milk for children. It is also involved in the rearing of dairy cows and goats; agrotourism; property holding activities; holding of the semen and embryos of Australian Fresian Sahiwal dairy cattles; operation and licensing of Jomcha chain of beverage outlets; distribution and retail of dairy products; production, sale, and trade of ice cream; production, sale, and marketing of jams and sauces, butter, cream, and cheese products; and sale of food and beverage through e-commerce. In addition, the company operates café outlets; and licenses Inside Scoop café outlets. Further, it offers moola choco malt, farm fresh butter, and family pack full cream milk powder. The company sells its products under the Farm Fresh, Yarra Farm, Yarra by Farm Fresh, Master Barista, Henry Jones, Nubian Goat's Milk, Jom Cha by Farm Fresh, Taylor's, St David Dairy, Inside Scoop, Sin Wah, and Cream Hauz brands. It also exports its products. The company serves its products through the retailers, mini marts, convenience stores, and home dealer network. Farm Fresh Berhad was founded in 2009 and is headquartered in Johor Bahru, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Farm Fresh Berhad, reported revenue of 1.1B MYR in FY2026 versus 502M MYR in FY2022, a compound +22.1%/yr. Reported net income was 130M MYR in FY2026, compounding +12.9%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
1.1B MYR
Latest YoY
+13.7%
Avg. growth/yr (3Y)
+21.0%
Avg. growth/yr (5Y)
+17.9%
Avg. growth/yr (7Y)
+30.0%
Revenue +22.1%/yr
FY22 502M MYR
FY23 630M MYR
FY24 810M MYR
FY25 981M MYR
FY26 1.1B MYR
Net income +12.9%/yr
FY22 79.9M MYR
FY23 50.1M MYR
FY24 63.5M MYR
FY25 106M MYR
FY26 130M MYR

5306 screens 47% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Farm Fresh Berhad, Fair Value". https://www.fairvalue-calculator.com/stock/5306

Peer Group

Packaged Foods · 653 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 45 · Below median
Fair Value upside −47% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.53× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 32.1× · Pricier than 75% of peers
P/B 1.30× · Cheaper than median
P/S (TTM) 0.93× · Pricier than median
EV/EBITDA 6.0× · Cheaper than median
PEG 0.52× · 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 0 · sector 29
FUTURE 65 · sector 19
PAST 67 · sector 27
HEALTH 73 · sector 96
DIVIDEND 0 · sector 47

VALUE 0: the price sits above our fair-value range.

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 15, 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 Farm Fresh Berhad, (5306) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 1.17 MYR versus a price of 2.19 MYR, about −47% (overvalued).
What is the fair value of 5306?
Our model-based fair value for Farm Fresh Berhad, is 1.17 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 2.19 MYR.
What is the quality score of 5306?
Farm Fresh Berhad, has a Quality Score of 45/100. 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 Farm Fresh Berhad, (5306)?
Farm Fresh Berhad, reported trailing-twelve-month revenue of about 1.1B MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 5306?
The net profit margin of Farm Fresh Berhad, is about 11.6%, meaning it keeps roughly 11.6% of revenue as net income. 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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