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Hock Soon Capital Berhad (5346) Fair Value & Analysis

Consumer Defensive · MY · Market cap 165M MYR

HS Hock Soon Capital Berhad 5346 · KLSE
Price0.3100 MYR
Fair Value0.7900 MYR
Upside+154.8%
Quality57/100
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Expensive Growth
Highly profitable · 26.9% net margin
Low debt · generates free cash flow
Ranks above peers (10/12)
Wide moat 78/100
Evidence: High Range 0.7200 MYR – 1.61 MYR Share as image

Fair value as of: Jul 16, 2026

From 22 valuation models · updated 25 days ago

Share price −4.6% over the past month.

A solid business, screening 155% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.7200 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.7200 MYR to 1.61 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (6 months)

0.5600 MYR 0.3050 MYR Fair Value 0.7900 MYR Feb 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.

How to read this chart

6‑month range 0.3050 MYR – 0.5600 MYR · fair‑value band 0.7200 MYR – 1.61 MYR · the 0.3100 MYR price screens below the 0.7900 MYR fair value. As of Jul 16, 2026.

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Analysis

Hock Soon Capital Berhad (5346) currently trades at 0.3100 MYR, while our model-based Fair Value estimate is 0.7900 MYR, implying the stock looks roughly 154.8% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Defensive 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, Hock Soon Capital Berhad generated revenue of 151M MYR at a net margin of 26.9%. It earns a return on equity of 26.0%. The stock trades on a trailing P/E of 4.5. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.7200 MYR (bear case) to 1.61 MYR (bull case); at 0.3100 MYR, the current price sits below 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 Defensive peers we cover trades at 102% fair-value upside, at 155%, 5346 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 0.2400 MYR 0.2800 MYR 0.3300 MYR 80
Residual Income 0.4300 MYR 0.5700 MYR 1.61 MYR 76
Rev-Margin DCF 0.4100 MYR 0.6000 MYR 0.8300 MYR 74
All 22 models by family
DCF Models
FCF DCF 0.2400 MYR 0.2800 MYR 0.3300 MYR 38
Owner Earnings 0.4200 MYR 0.5100 MYR 0.6400 MYR 31
5Y Revenue Exit 0.4100 MYR 0.6000 MYR 0.8700 MYR 39
5Y EBITDA Exit 0.6700 MYR 1.04 MYR 1.53 MYR 41
5Y P/E Exit 0.7300 MYR 1.15 MYR 1.64 MYR 38
10Y Revenue Exit 0.3200 MYR 0.4300 MYR 0.5600 MYR 36
10Y EBITDA Exit 0.4600 MYR 0.6700 MYR 0.8900 MYR 37
10Y P/E Exit 0.4900 MYR 0.7200 MYR 0.9500 MYR 35
Earnings-Based
Graham-Dodd 0.5700 MYR 0.7000 MYR 0.7800 MYR 54
EPV 0.7200 MYR 0.7900 MYR 0.8500 MYR 59
Multiples
P/E Multiple 1.26 MYR 1.68 MYR 2.10 MYR 63
P/S Multiple 0.5500 MYR 0.7400 MYR 0.9200 MYR 58
P/B Multiple 0.9000 MYR 1.20 MYR 1.50 MYR 55
EV/EBIT 1.58 MYR 2.07 MYR 2.56 MYR 53
EV/EBITDA 1.22 MYR 1.59 MYR 1.97 MYR 54
EV/Revenue 0.6200 MYR 0.8400 MYR 1.06 MYR 43
Asset-Based
NCAV (Graham) 0.2000 MYR 0.2700 MYR 0.4000 MYR 50
Growth DCF
Growth DCF 0.2400 MYR 0.2800 MYR 0.3300 MYR 80
Rev-Margin DCF 0.4100 MYR 0.6000 MYR 0.8300 MYR 74
Economic Profit
Residual Income 0.4300 MYR 0.5700 MYR 1.61 MYR 76
ROIC Compounder 0.7200 MYR 0.8100 MYR 0.8900 MYR 72
Growth Earnings
Growth-Adj P/E 0.8900 MYR 1.27 MYR 1.65 MYR 68

Widest divergence: Growth Earnings (1.27 MYR) versus Asset-Based (0.2700 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 151M MYR
Net margin 26.9%
Return on equity 26.0%
Free cash flow 9.7M MYR FY2025
P/E ratio 4.5
Operating margin 9.5%
More key figures
EPS (TTM) 0.0800 MYR

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 57 · Market factors (momentum, volatility) 28

Profitability 71
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 1
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

Hock Soon Capital Berhad engages in the poultry farming business that rear layer chickens for the production and sale of table eggs. It offers ordinary and premium eggs under the QPlus brand. The company was incorporated in 2024 and is headquartered in Bidor, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Hock Soon Capital Berhad reported revenue of 147M MYR in FY2025 versus 134M MYR in FY2022, a compound +3.2%/yr. Reported net income was 42.0M MYR in FY2025, compounding +42.4%/yr from FY2022.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
147M MYR
Latest YoY
−2.6%
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.
+3.2%
Revenue +3.2%/yr
FY22 134M MYR
FY23 146M MYR
FY24 151M MYR
FY25 147M MYR
Net income +42.4%/yr
FY22 14.5M MYR
FY23 34.2M MYR
FY24 40.7M MYR
FY25 42.0M MYR

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Cite: Fair Value Calculator (2026). "Hock Soon Capital Berhad Fair Value". https://www.fairvalue-calculator.com/stock/5346

Peer Group

Farm Products · 288 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 57 · Above median
Fair Value upside +155% · Top 25%
Return on equity (TTM) 26% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth 0% · Below median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 4.1× · Cheaper than 75% of peers
P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.27× · Cheaper than median
P/FCF 4.2× · Pricier 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 100 · sector 25
FUTURE 0 · sector 20
PAST 100 · sector 17
HEALTH 95 · sector 94
DIVIDEND 0 · sector 38

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Hock Soon Capital Berhad (5346) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.7900 MYR versus a price of 0.3100 MYR, about +155% (undervalued).
What is the fair value of 5346?
Our model-based fair value for Hock Soon Capital Berhad is 0.7900 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.3100 MYR.
What is the quality score of 5346?
Hock Soon Capital Berhad has a Quality Score of 57/100. 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 Hock Soon Capital Berhad (5346)?
Hock Soon Capital Berhad reported trailing-twelve-month revenue of about 151M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5346?
The net profit margin of Hock Soon Capital Berhad is about 26.9%, meaning it keeps roughly 26.9% 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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