TMK (5330) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TMK stock MYR 1.26, price MYR 3.19, that is 60.5% below the price, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
23‑month range 0.9443 MYR – 3.23 MYR · fair‑value band 0.9900 MYR – 1.56 MYR · the 3.19 MYR price screens above the 1.26 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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TMK Chemical Bhd engages in sourcing, processing, and distribution of inorganic chemicals and value-added services in Malaysia, Vietnam, Singapore, Indonesia, Brunei and internationally.
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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.
Stock analysis
TMK (5330) currently trades at 3.19 MYR, while our model-based Fair Value estimate is 1.26 MYR, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.58 MYR per share, and 0 of the 24 models we run sit above the 3.19 MYR price.
Bear case: the Asset-Based group reads lowest at 0.2600 MYR, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.9900 MYR (bear) to 1.56 MYR (bull), the price of 3.19 MYR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TMK 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.
Key figures
Market cap 3.2B MYR (≈ $786M) Small · P/E ratio 24.5 · P/S ratio 2.95 · EPS (TTM) 0.1300 MYR · Dividend yield 2.0% · Net margin 11.6% · Return on equity 16.0% · Return on assets (EBIT) 13.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 188% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −61%, 5330 screens richer than that median.
Fair Value models
Bear0.9900 MYRFair Value 1.26 MYRBull1.56 MYR
Price 3.19 MYR · Downside -60.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0564 MYR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.8%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.6%
Dividend (yield on the price)2.0%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 11%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +24.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Chemicals · 336 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−60.5% · Bottom 25%
Profitability
Return on equity (12 months)16.0% · Top 25%
Return on assets7.7% · Top 25%
Net margin (12 months)11.6% · Top 25%
Operating margin (12 months)17.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)17.7% · Above median
Dividend yield (12 months)2.0% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)24.5× · Pricier than median
P/B4.07× · Priciest 25%
P/S (12 months)2.95× · Priciest 25%
Price / free cash flow (fiscal year)36.2× · Pricier than median
EV/EBITDA16.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)89· sector 69
PAST (return on equity)64· sector 24
HEALTH (low debt)92· sector 94
DIVIDEND (yield)40· sector 32
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TMK Fair Value". https://www.fairvalue-calculator.com/stock/5330
Frequently asked questions
Is TMK (5330) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 1.26 MYR versus a price of 3.19 MYR, about 61% lower (overvalued).
What is the fair value of 5330?
Our model-based fair value for TMK is 1.26 MYR (as of Nov 5, 2026), built from audited fundamentals. The current price: 3.19 MYR.
What is the quality score of 5330?
TMK has a Quality Score of 62/100. 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 price target for TMK (5330)?
Our model-based price target is the fair value of 1.26 MYR (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 0.9900 MYR, optimistic scenario 1.56 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the TMK stock forecast for 2026?
Our models put fair value at 1.26 MYR, about 61% lower versus a price of 3.19 MYR (overvalued). Cautious scenario 0.9900 MYR, optimistic scenario 1.56 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of TMK (5330)?
TMK reported trailing-twelve-month revenue of about 1.1B MYR (latest available figure, as of Nov 5, 2026).
Does TMK pay a dividend?
TMK currently shows a dividend yield of 2.01% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of TMK (5330) and when is the ex-dividend date?
TMK pays a dividend of 0.064 MYR per share a year, a dividend yield of 2.0%. The last ex-dividend date was Oct 7, 2026. The payout ratio is 49.2% of earnings. Free cash flow covers the dividend 1.38 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into TMK (5330)?
For today's price to be fair in a discounted-cash-flow model, TMK would have to grow free cash flow by +27.3 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -1.7 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 5330 use?
Our models discount TMK at 12.6 %: a base by market capitalisation (small), country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TMK that is +27.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has TMK (5330) delivered so far?
Over the past 4 years revenue at TMK grew -1.7 % a year. The price currently implies free-cash-flow growth of +27.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TMK (5330) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into TMK (+27.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TMK (5330)?
The free-cash-flow yield on the price is 2.76 %: that much free cash flow TMK produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TMK (5330)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TMK it is 1.26 MYR per share (as of Nov 5, 2026), against a price of 3.19 MYR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TMK stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 5330 trades above its calculated fair value: price 3.19 MYR, fair value 1.26 MYR, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5330?
No. The price is what the market pays today (3.19 MYR); the fair value is what the company's own numbers justify (1.26 MYR). For TMK the two are 1.93 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is TMK worth?
The market values TMK at about 3.2B MYR (market capitalisation, as of Nov 5, 2026). Per share that is 3.19 MYR; our models calculate a fair value of 1.26 MYR per share.
What do the bullish and bearish scenarios say about 5330?
Our models span a range for TMK: cautious scenario 0.9900 MYR, base 1.26 MYR, optimistic 1.56 MYR per share (as of Nov 5, 2026, price 3.19 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5330?
TMK trades at a price-to-earnings ratio of 24.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.26 MYR is built from several models across several years. Other multiples: P/B 4.1, P/S 2.9, EV/EBITDA 16.0.
How solid is the balance sheet of TMK (5330)?
Balance-sheet figures for TMK (as of Nov 5, 2026): return on equity 16.0%, debt of 0.15 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 5330 from its 52-week high?
TMK trades at 3.19 MYR, about 1% below its 52-week high of 3.23 MYR and 188% above the low of 1.11 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.26 MYR is for.
Which stocks are comparable to TMK?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TMK stock attractive at the current price?
The data as of Nov 5, 2026: price 3.19 MYR, calculated fair value 1.26 MYR (−61%), Quality Score 62/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5330 calculated?
We run TMK through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1.26 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. TMK itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TMK (5330)?
The closing price on Nov 6, 2026 was 3.19 MYR. Our model-based fair value is 1.26 MYR, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TMK right now?
The price sits above even our optimistic bull case (1.56 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of TMK
How large is the market capitalisation of TMK (5330)?
The market capitalisation of TMK is 3.2B MYR (≈ $786M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TMK (5330)?
The price-to-sales ratio of TMK is 2.95 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TMK (5330)?
Earnings per share at TMK are 0.1300 MYR (price ÷ EPS = P/E 24.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TMK (5330)?
The dividend yield of TMK is 2.0% (payout 49.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TMK (5330)?
The net margin of TMK is 11.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TMK (5330)?
The return on equity (ROE) of TMK is 16.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TMK (5330)?
On an EBIT basis the return on assets of TMK is 13.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TMK (5330)?
The operating margin of TMK is 17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TMK (5330)?
Revenue at TMK is growing +17.7% versus a year earlier (3y avg −10.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TMK (5330)?
Earnings per share at TMK are growing +91.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TMK (5330) carry?
The net debt of TMK is 96.0M MYR (fiscal year 2023, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 5, 2026