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TMK Chemical Bhd (5330) Fair Value & Analysis

Basic Materials · MY · Market cap 2.4B MYR

TC TMK Chemical Bhd 5330 · KLSE
Price2.69 MYR
Fair Value1.65 MYR
Upside-38.7%
Quality60/100
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Weak Growth
Solidly profitable · 10.3% net margin
Low debt · generates free cash flow
2.12% dividend yield
Ranks above peers (10/14)
Moderate moat 55/100
Evidence: High Range 1.24 MYR – 2.08 MYR Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 20 days ago

Share price +19.6% over the past month.

A solid business, but screening 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.08 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (20 months)

2.72 MYR 0.9443 MYR Fair Value 1.65 MYR Dec 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

20‑month range 0.9443 MYR – 2.72 MYR · fair‑value band 1.24 MYR – 2.08 MYR · the 2.69 MYR price screens above the 1.65 MYR fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

TMK Chemical Bhd (5330) currently trades at 2.69 MYR, while our model-based Fair Value estimate is 1.65 MYR, implying the stock looks roughly 38.7% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials 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, TMK Chemical Bhd generated revenue of 1.0B MYR at a net margin of 10.3%. Revenue declined 6.4% year over year. It earns a return on equity of 13.8%. Net debt stands at 96.0M MYR. Fundamentals as of Jul 20, 2026

Our scenario range runs from 1.24 MYR (bear case) to 2.08 MYR (bull case); at 2.69 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 near its 52-week high and 165% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -39%, 5330 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 BearBaseBull Evidence
Highest evidence
Growth DCF 1.12 MYR 1.41 MYR 1.89 MYR 80
Residual Income 0.7200 MYR 0.8500 MYR 1.61 MYR 76
Rev-Margin DCF 1.19 MYR 1.67 MYR 2.25 MYR 74
All 24 models by family
DCF Models
FCF DCF 1.09 MYR 1.39 MYR 1.92 MYR 38
Owner Earnings 1.29 MYR 1.66 MYR 2.33 MYR 31
5Y Revenue Exit 1.19 MYR 1.65 MYR 2.32 MYR 39
5Y EBITDA Exit 1.39 MYR 1.99 MYR 2.79 MYR 41
5Y P/E Exit 1.35 MYR 1.92 MYR 2.60 MYR 38
10Y Revenue Exit 1.12 MYR 1.45 MYR 1.81 MYR 36
10Y EBITDA Exit 1.26 MYR 1.65 MYR 2.08 MYR 37
10Y P/E Exit 1.24 MYR 1.61 MYR 1.97 MYR 35
Earnings-Based
Graham-Dodd 0.6600 MYR 0.8100 MYR 0.9100 MYR 54
EPV 1.13 MYR 1.26 MYR 1.38 MYR 59
Dividend Discount
Gordon GGM 0.3100 MYR 0.3400 MYR 0.3800 MYR 70
DDM Multi-Stage 0.3100 MYR 0.3800 MYR 0.4800 MYR 61
Multiples
P/E Multiple 1.46 MYR 1.94 MYR 2.43 MYR 63
P/S Multiple 1.24 MYR 1.65 MYR 2.07 MYR 58
P/B Multiple 1.24 MYR 1.65 MYR 2.07 MYR 55
EV/EBIT 1.88 MYR 2.41 MYR 2.94 MYR 53
EV/EBITDA 1.81 MYR 2.33 MYR 2.84 MYR 54
EV/Revenue 1.35 MYR 1.82 MYR 2.28 MYR 43
Asset-Based
NCAV (Graham) 0.3900 MYR 0.5200 MYR 0.7800 MYR 50
Growth DCF
Growth DCF 1.12 MYR 1.41 MYR 1.89 MYR 80
Rev-Margin DCF 1.19 MYR 1.67 MYR 2.25 MYR 74
Economic Profit
Residual Income 0.7200 MYR 0.8500 MYR 1.61 MYR 76
ROIC Compounder 1.13 MYR 1.30 MYR 1.47 MYR 72
Growth Earnings
Growth-Adj P/E 1.03 MYR 1.47 MYR 1.92 MYR 68

Widest divergence: Multiples (1.82 MYR) versus Dividend Discount (0.3400 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.0B MYR
Revenue growth (YoY) -6.4%
Net margin 10.3%
Return on equity 13.8%
Free cash flow 88.1M MYR FY2025
P/E ratio 21.5
More key figures
Operating margin 15.9%
EPS (TTM) 0.1100 MYR
Dividend yield 2.1%
EPS growth (YoY) +45.1%
Net debt 96.0M MYR FY2023

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 83

Profitability 48
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 99
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

TMK Chemical Bhd engages in sourcing, processing, and distribution of inorganic chemicals and value-added services in Malaysia, Vietnam, Singapore, Indonesia, Brunei and internationally. The company operates through Provision of Total Chemical Management; Provision of Chemical Terminal Services; and Others segments.

Full company description

TMK Chemical Bhd engages in sourcing, processing, and distribution of inorganic chemicals and value-added services in Malaysia, Vietnam, Singapore, Indonesia, Brunei and internationally. The company operates through Provision of Total Chemical Management; Provision of Chemical Terminal Services; and Others segments. It manufactures chlor-alkali derivatives, such as sodium hydroxide; liquid chlorine; ferric, and methyl chloride; hydrochloric acid; and sodium hypochlorite. The company also provide storage facilities for bulk liquid chemicals, drumming, and transportation services; packing and warehousing services; and maintenance and related services. In addition, it is involved in the investment and letting of real properties; renting office premises and warehouse storage spaces; implementing the rights to export and import goods; and trading of chemicals. The company serves automotive, agriculture and poultry feed, construction materials, chemicals and pesticides, detergents and disinfectants, electronics, food and nutrition, glass production, oleochemical, petrochemical, paper products, renewable energy, rubber and latex additives, textiles and fabric, and water treatment industries. The company was incorporated in 1989 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TMK Chemical Bhd reported revenue of 1.1B MYR in FY2025 versus 1.1B MYR in FY2021, a compound −1.7%/yr. Reported net income was 97.2M MYR in FY2025, compounding −5.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.1B MYR
Latest YoY
−19.2%
Avg. growth/yr (3Y)
−10.8%
Revenue −1.7%/yr
FY21 1.1B MYR
FY22 1.5B MYR
FY23 1.3B MYR
FY24 1.3B MYR
FY25 1.1B MYR
Net income −5.7%/yr
FY21 123M MYR
FY22 150M MYR
FY23 91.8M MYR
FY24 111M MYR
FY25 97.2M MYR

5330 screens 39% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "TMK Chemical Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5330

Peer Group

Chemicals · 334 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 60 · Top 25%
Fair Value upside −39% · Below median
Return on equity (TTM) 14% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -6% · Below median
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 21.5× · Cheaper than median
P/B 0.74× · Cheaper than median
P/S (TTM) 0.56× · Cheaper than median
P/FCF 6.6× · Pricier than median
EV/EBITDA 2.0× · 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 0
FUTURE 0 · sector 20
PAST 55 · sector 19
HEALTH 92 · sector 94
DIVIDEND 42 · sector 27

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is TMK Chemical Bhd (5330) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1.65 MYR versus a price of 2.69 MYR, about −39% (overvalued).
What is the fair value of 5330?
Our model-based fair value for TMK Chemical Bhd is 1.65 MYR (as of Jul 20, 2026), built from audited fundamentals. The current price is 2.69 MYR.
What is the quality score of 5330?
TMK Chemical Bhd has a Quality Score of 60/100. 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 TMK Chemical Bhd (5330)?
TMK Chemical Bhd reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 5330?
The net profit margin of TMK Chemical Bhd is about 10.3%, meaning it keeps roughly 10.3% of revenue as net income. Based on the latest reported figures.
Does TMK Chemical Bhd pay a dividend?
TMK Chemical Bhd currently shows a dividend yield of about 2.33% relative to its recent price (as of Jul 20, 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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