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5649 Fair Value & Analysis

Basic Materials · MY · Market cap 31.7M MYR

5 5649 5649 · KLSE
Price0.2050 MYR
Fair Value0.0900 MYR
Upside-56.1%
Quality62/100
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Expensive Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
Ranks above peers (8/10)
Narrow moat 21/100
Evidence: Medium Range 0.0700 MYR – 0.1100 MYR Share as image

Fair value as of: Jul 18, 2026

From 14 valuation models · updated 23 days ago

Share price −10.9% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1100 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.6500 MYR 0.1431 MYR Fair Value 0.0900 MYR Nov 2020 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

60‑month range 0.1431 MYR – 0.6500 MYR · fair‑value band 0.0700 MYR – 0.1100 MYR · the 0.2050 MYR price screens above the 0.0900 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

5649 (5649) currently trades at 0.2050 MYR, while our model-based Fair Value estimate is 0.0900 MYR, implying the stock looks roughly 56.1% overvalued today. The Quality Score stands at 62/100 (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: medium).

Over the trailing twelve months, 5649 generated revenue of 56.9M MYR at a net margin of 1.2%. Revenue grew 7.3% year over year. It earns a return on equity of 1.0%. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.0700 MYR (bear case) to 0.1100 MYR (bull case); at 0.2050 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 41% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -56%, 5649 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
Residual Income 0.3300 MYR 0.2900 MYR 0.1800 MYR 76
ROIC Compounder 0.0800 MYR 0.0800 MYR 0.0800 MYR 72
Growth-Adj P/E 0.0500 MYR 0.0800 MYR 0.1000 MYR 68
All 14 models by family
Earnings-Based
Graham-Dodd 0.0300 MYR 0.1000 MYR 0.1300 MYR 54
Lynch FV 0.0200 MYR 0.0300 MYR 0.0400 MYR 50
PEG = 1.0 0.0200 MYR 0.0300 MYR 0.0400 MYR 46
EPV 0.0800 MYR 0.0800 MYR 0.0800 MYR 59
Multiples
P/E Multiple 0.0700 MYR 0.0900 MYR 0.1100 MYR 63
P/S Multiple 0.0700 MYR 0.0900 MYR 0.1100 MYR 58
P/B Multiple 0.0700 MYR 0.0900 MYR 0.1100 MYR 55
EV/EBIT 0.1100 MYR 0.1200 MYR 0.1400 MYR 53
EV/EBITDA 0.2500 MYR 0.3100 MYR 0.3700 MYR 54
EV/Revenue 0.1000 MYR 0.1200 MYR 0.1300 MYR 43
Asset-Based
NCAV (Graham) 0.2700 MYR 0.3600 MYR 0.5400 MYR 50
Economic Profit
Residual Income 0.3300 MYR 0.2900 MYR 0.1800 MYR 76
ROIC Compounder 0.0800 MYR 0.0800 MYR 0.0800 MYR 72
Growth Earnings
Growth-Adj P/E 0.0500 MYR 0.0800 MYR 0.1000 MYR 68

Widest divergence: Asset-Based (0.3600 MYR) versus Earnings-Based (0.0300 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 56.9M MYR
Revenue growth (YoY) +7.3%
Net margin 1.2%
Return on equity 1.0%
Free cash flow −833K MYR FY2025
Operating margin -52.9%
More key figures
EPS growth (YoY) +88.4%

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 43

Profitability 24
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 81
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

Golden Pharos Berhad, an investment holding company, primarily engages in the forest concession management, harvesting, distribution, sawmilling, and processing of wood-based products in Malaysia and internationally. It operates through Harvesting and Sawmilling; Manufacturing; and Others segments.

Full company description

Golden Pharos Berhad, an investment holding company, primarily engages in the forest concession management, harvesting, distribution, sawmilling, and processing of wood-based products in Malaysia and internationally. It operates through Harvesting and Sawmilling; Manufacturing; and Others segments. The company involved in the manufacture and trade of glasses, veneer, and woodchips; moulding and producing finger joint and furniture, and kiln drying; and harvesting and sustainable forest management businesses. It also engages in the rental of buildings, and plant and machinery; and sells logs and right to logs. Golden Pharos Berhad was incorporated in 1986 and is based in Kuala Terengganu, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

5649 reported revenue of 56.6M MYR in FY2025 versus 56.7M MYR in FY2021, a compound −0.1%/yr. Reported net income was 720K MYR in FY2025, compounding +2.2%/yr from FY2021.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
56.6M MYR
Latest YoY
+20.2%
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.
−6.8%
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.
+3.7%
Avg. growth/yr (13Y) 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.
−1.3%
Revenue −0.1%/yr
FY21 56.7M MYR
FY22 69.8M MYR
FY23 89.2M MYR
FY24 47.0M MYR
FY25 56.6M MYR
Net income +2.2%/yr
FY21 659K MYR
FY22 11.9M MYR
FY23 23.3M MYR
FY24 −14.3M MYR
FY25 720K MYR

5649 screens 56% overvalued. Compare with Simpson Manufacturing Co →

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Cite: Fair Value Calculator (2026). "5649 Fair Value". https://www.fairvalue-calculator.com/stock/5649

Peer Group

Lumber & Wood Production · 76 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 62 · Top 25%
Fair Value upside −56% · Bottom 25%
Return on equity (TTM) 1% · Above median
Return on assets -0% · Above median
Net margin (TTM) 1% · Above median
Operating margin (TTM) -53% · Bottom 25%
Revenue growth 6% · Above median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.14× · 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 16
FUTURE 30 · sector 0
PAST 4 · sector 0
HEALTH 97 · sector 92
DIVIDEND 0 · sector 32

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

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Frequently asked questions

Is 5649 overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.0900 MYR versus a price of 0.2050 MYR, about −56% (overvalued).
What is the fair value of 5649?
Our model-based fair value for 5649 is 0.0900 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.2050 MYR.
What is the quality score of 5649?
5649 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 revenue of 5649?
5649 reported trailing-twelve-month revenue of about 56.9M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 5649?
The net profit margin of 5649 is about 1.2%, meaning it keeps roughly 1.2% 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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