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Seng Fong Holdings (5308) Fair Value & Analysis

Basic Materials · MY · Market cap 484M MYR

SF Seng Fong Holdings 5308 · KLSE
Price0.6700 MYR
Fair Value0.8300 MYR
Upside+23.9%
Quality55/100
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Healthy Growth
Loss-making · -0.1% net margin
Low debt · generates free cash flow
0.45% dividend yield
Mixed vs. peers (6/12)
Narrow moat 23/100
Evidence: High Range 0.6200 MYR – 1.10 MYR Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

A solid business, screening 24% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 0.6200 MYR (bear) to 1.10 MYR (bull), base 0.8300 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

1.24 MYR 0.3868 MYR Fair Value 0.8300 MYR Jul 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

49‑month range 0.3868 MYR – 1.24 MYR · fair‑value band 0.6200 MYR – 1.10 MYR · the 0.6700 MYR price screens below the 0.8300 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Seng Fong Holdings (5308) currently trades at 0.6700 MYR, while our model-based Fair Value estimate is 0.8300 MYR, implying the stock looks roughly 23.9% undervalued today. The Quality Score stands at 55/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Seng Fong Holdings generated revenue of 1.2B MYR at a net margin of -0.1%. Revenue declined 28.6% year over year. It earns a return on equity of -0.4%. Net debt stands at 80.1M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.6200 MYR (bear case) to 1.10 MYR (bull case); at 0.6700 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 17% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 24%, 5308 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
Growth DCF 2.05 MYR 3.41 MYR 5.78 MYR 80
Residual Income 0.3000 MYR 0.3700 MYR 0.8400 MYR 76
Rev-Margin DCF 1.30 MYR 2.15 MYR 3.41 MYR 74
All 24 models by family
DCF Models
FCF DCF 2.16 MYR 3.21 MYR 6.07 MYR 38
Owner Earnings 0.7200 MYR 1.32 MYR 2.42 MYR 31
5Y Revenue Exit 1.30 MYR 2.00 MYR 3.32 MYR 39
5Y EBITDA Exit 1.21 MYR 1.81 MYR 2.87 MYR 41
5Y P/E Exit 1.22 MYR 1.98 MYR 2.91 MYR 38
10Y Revenue Exit 1.55 MYR 2.53 MYR 3.49 MYR 36
10Y EBITDA Exit 1.52 MYR 2.38 MYR 3.79 MYR 37
10Y P/E Exit 1.52 MYR 2.39 MYR 3.76 MYR 35
Earnings-Based
Graham-Dodd 0.3300 MYR 2.31 MYR 3.24 MYR 54
Lynch FV 0.7100 MYR 1.01 MYR 1.31 MYR 50
PEG = 1.0 0.7100 MYR 1.01 MYR 1.31 MYR 46
EPV 0.6600 MYR 0.7200 MYR 0.7800 MYR 59
Multiples
P/E Multiple 0.6200 MYR 0.8300 MYR 1.03 MYR 63
P/S Multiple 0.6200 MYR 0.8300 MYR 1.03 MYR 58
P/B Multiple 0.6200 MYR 0.8300 MYR 1.03 MYR 55
EV/EBIT 0.9700 MYR 1.24 MYR 1.51 MYR 53
EV/EBITDA 0.7800 MYR 0.9800 MYR 1.19 MYR 54
EV/Revenue 0.8700 MYR 1.17 MYR 1.46 MYR 43
Asset-Based
NCAV (Graham) 0.1600 MYR 0.2100 MYR 0.3200 MYR 50
Growth DCF
Growth DCF 2.05 MYR 3.41 MYR 5.78 MYR 80
Rev-Margin DCF 1.30 MYR 2.15 MYR 3.41 MYR 74
Economic Profit
Residual Income 0.3000 MYR 0.3700 MYR 0.8400 MYR 76
ROIC Compounder 0.7400 MYR 0.9100 MYR 1.12 MYR 72
Growth Earnings
Growth-Adj P/E 0.8800 MYR 1.26 MYR 1.63 MYR 68

Widest divergence: Growth DCF (2.15 MYR) versus Asset-Based (0.2100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B MYR
Revenue growth (YoY) -28.6%
Net margin -0.1%
Return on equity -0.4%
Free cash flow 110M MYR FY2025
Operating margin 0.3%
More key figures
Dividend yield 0.5%
EPS growth (YoY) -65.1%
Net debt 80.1M MYR FY2024

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 61 · Market factors (momentum, volatility) 50

Profitability 56
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 40
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

Seng Fong Holdings Berhad, an investment holding company, manufacturers and sells tyre producers, vehicle parts manufacturers, rubber traders, and industrial rubber in Malaysia, rest of Asia, Europe, and Oceania. The company offers Standard Malaysia Rubber grade and premium grade block rubber.

Full company description

Seng Fong Holdings Berhad, an investment holding company, manufacturers and sells tyre producers, vehicle parts manufacturers, rubber traders, and industrial rubber in Malaysia, rest of Asia, Europe, and Oceania. The company offers Standard Malaysia Rubber grade and premium grade block rubber. It is also involved in the trade of block rubber, which is sourced from international rubber traders and/or natural rubber processors; and cup lumps into block rubber. The company also exports its products. Seng Fong Holdings Berhad was founded in 1986 and is headquartered in Muar, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Seng Fong Holdings reported revenue of 1.5B MYR in FY2025 versus 768M MYR in FY2021, a compound +18.0%/yr. Reported net income was 35.1M MYR in FY2025, compounding +0.4%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.5B MYR
Latest YoY
+30.7%
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.
+17.3%
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.
+19.3%
Revenue +18.0%/yr
FY21 768M MYR
FY22 922M MYR
FY23 937M MYR
FY24 1.1B MYR
FY25 1.5B MYR
Net income +0.4%/yr
FY21 34.6M MYR
FY22 38.0M MYR
FY23 22.6M MYR
FY24 57.3M MYR
FY25 35.1M MYR

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Cite: Fair Value Calculator (2026). "Seng Fong Holdings Fair Value". https://www.fairvalue-calculator.com/stock/5308

Peer Group

Specialty Chemicals · 673 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 55 · Above median
Fair Value upside +24% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -29% · Bottom 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 0.52× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median

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 65 · sector 0
FUTURE 0 · sector 19
PAST 0 · sector 23
HEALTH 100 · sector 95
DIVIDEND 9 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Seng Fong Holdings (5308) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.8300 MYR versus a price of 0.6700 MYR, about +24% (undervalued).
What is the fair value of 5308?
Our model-based fair value for Seng Fong Holdings is 0.8300 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.6700 MYR.
What is the quality score of 5308?
Seng Fong Holdings has a Quality Score of 55/100. 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 Seng Fong Holdings (5308)?
Seng Fong Holdings reported trailing-twelve-month revenue of about 1.2B MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 5308?
The net profit margin of Seng Fong Holdings is about -0.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Seng Fong Holdings pay a dividend?
Seng Fong Holdings currently shows a dividend yield of about 0.45% relative to its recent price (as of Jul 18, 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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