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MST Golf Group (5316) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 111M MYR

MG MST Golf Group 5316 · KLSE
Price0.1300 MYR
Fair Value0.0300 MYR
Upside-76.9%
Quality47/100
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Mixed Growth
Loss-making · -4.5% net margin
Low debt · generates free cash flow
2.14% dividend yield
Trails peers (5/13)
Narrow moat 17/100
Evidence: Medium Range 0.0200 MYR – 0.0400 MYR Share as image

Fair value as of: Jul 15, 2026

From 14 valuation models · updated 26 days ago

Share price −10.3% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0400 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.0200 MYR to 0.0400 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

0.7650 MYR 0.1300 MYR Fair Value 0.0300 MYR Jul 2023 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

37‑month range 0.1300 MYR – 0.7650 MYR · fair‑value band 0.0200 MYR – 0.0400 MYR · the 0.1300 MYR price screens above the 0.0300 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

MST Golf Group (5316) currently trades at 0.1300 MYR, while our model-based Fair Value estimate is 0.0300 MYR, implying the stock looks roughly 76.9% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, MST Golf Group generated revenue of 289M MYR at a net margin of -4.5%. Revenue declined 13.9% year over year. It earns a return on equity of -5.8%. Net debt stands at 6.1M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.0200 MYR (bear case) to 0.0400 MYR (bull case); at 0.1300 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 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -77%, 5316 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 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 0.4400 MYR 0.5500 MYR 0.6800 MYR 80
Rev-Margin DCF 0.2100 MYR 0.2400 MYR 0.2900 MYR 74
ROIC Compounder 0.0200 MYR 0.0200 MYR 0.0200 MYR 72
All 14 models by family
DCF Models
FCF DCF 0.4300 MYR 0.5600 MYR 0.7100 MYR 38
Owner Earnings 0.0500 MYR 0.0600 MYR 0.0800 MYR 31
5Y Revenue Exit 0.2100 MYR 0.2300 MYR 0.2600 MYR 39
5Y EBITDA Exit 0.3600 MYR 0.5000 MYR 0.6600 MYR 41
10Y Revenue Exit 0.3100 MYR 0.3500 MYR 0.3900 MYR 36
10Y EBITDA Exit 0.3900 MYR 0.5000 MYR 0.6400 MYR 37
Earnings-Based
EPV 0.0200 MYR 0.0200 MYR 0.0200 MYR 59
Multiples
EV/EBIT 0.0400 MYR 0.0500 MYR 0.0600 MYR 53
EV/EBITDA 0.3400 MYR 0.4600 MYR 0.5700 MYR 54
EV/Revenue 0.0300 MYR 0.0400 MYR 0.0500 MYR 43
Asset-Based
NCAV (Graham) 0.1300 MYR 0.1800 MYR 0.2600 MYR 50
Growth DCF
Growth DCF 0.4400 MYR 0.5500 MYR 0.6800 MYR 80
Rev-Margin DCF 0.2100 MYR 0.2400 MYR 0.2900 MYR 74
Economic Profit
ROIC Compounder 0.0200 MYR 0.0200 MYR 0.0200 MYR 72

Widest divergence: DCF Models (0.3500 MYR) versus Earnings-Based (0.0200 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 289M MYR
Revenue growth (YoY) -13.9%
Net margin -4.5%
Return on equity -5.8%
Free cash flow 44.1M MYR FY2025
Operating margin -6.2%
More key figures
EPS (TTM) -0.0200 MYR
Dividend yield 1.9%
EPS growth (YoY) -26.5%
Net debt 6.1M MYR FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 51 · Market factors (momentum, volatility) 31

Profitability 27
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 11
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

MST Golf Group Berhad, an investment holding company, engages in the retail and wholesale of golf equipment in Malaysia, Singapore, and Indonesia. It operates through three segments: Trading, Golf Services, and Others.

Full company description

MST Golf Group Berhad, an investment holding company, engages in the retail and wholesale of golf equipment in Malaysia, Singapore, and Indonesia. It operates through three segments: Trading, Golf Services, and Others. The company offers accessories and apparels, golf event management, and golf related services, as well as operates golf clubs, golf driving range, golf academy and events, and indoor golf centres. It also engages in export and e-commerce business. The company was founded in 1989 and is headquartered in Subang Jaya, Malaysia. MST Golf Group Berhad is a subsidiary of All Sportz Sdn. Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MST Golf Group reported revenue of 298M MYR in FY2025 versus 207M MYR in FY2021, a compound +9.6%/yr. Reported net income was −9.5M MYR in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
298M MYR
Latest YoY
−9.0%
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.
−0.3%
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.
+11.9%
Revenue +9.6%/yr
FY21 207M MYR
FY22 301M MYR
FY23 325M MYR
FY24 328M MYR
FY25 298M MYR
Net income
FY21 18.0M MYR
FY22 26.7M MYR
FY23 17.6M MYR
FY24 5.9M MYR
FY25 −9.5M MYR

5316 screens 77% overvalued. Compare with Casey's General Stores, Inc →

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Cite: Fair Value Calculator (2026). "MST Golf Group Fair Value". https://www.fairvalue-calculator.com/stock/5316

Peer Group

Specialty Retail · 221 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 47 · Below median
Fair Value upside −77% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 1.6× · 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 0 · sector 23
PAST 0 · sector 27
HEALTH 97 · sector 94
DIVIDEND 43 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is MST Golf Group (5316) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 0.0300 MYR versus a price of 0.1300 MYR, about −77% (overvalued).
What is the fair value of 5316?
Our model-based fair value for MST Golf Group is 0.0300 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 0.1300 MYR.
What is the quality score of 5316?
MST Golf Group has a Quality Score of 47/100. 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 MST Golf Group (5316)?
MST Golf Group reported trailing-twelve-month revenue of about 289M MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 5316?
The net profit margin of MST Golf Group is about -4.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does MST Golf Group pay a dividend?
MST Golf Group currently shows a dividend yield of about 1.94% relative to its recent price (as of Jul 15, 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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