DKSH Holdings Malaysia Berhad (5908) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of DKSH Holdings Malaysia Berhad MYR 11.91, price MYR 5.96, upside +99.8%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2.35 MYR – 6.18 MYR · fair‑value band 6.83 MYR – 18.50 MYR · the 5.96 MYR price screens below the 11.91 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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DKSH Holdings (Malaysia) Berhad, an investment holding company, provides market expansion services to consumer goods, performance materials, healthcare, and technology industries.
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DKSH Holdings (Malaysia) Berhad, an investment holding company, provides market expansion services to consumer goods, performance materials, healthcare, and technology industries. It offers sourcing, market analysis and research, marketing and sales, distribution and logistics, and after-sales services; and invoicing and credit control, handling of inventory and returned goods and other value-added services. The company also provides registration, market entry studies, redressing, physical distribution, invoicing, and cash collection; fast moving consumer goods, food services, luxury goods, fashion and lifestyle products; and access to pharmaceuticals, over-the-counter and consumer health, and medical devices. In addition, the company operates a healthcare distribution center for clinical supply packaging, labeling, and distribution services to hospitals, clinics, dental centers, pharmacies, and retail outlets; and retail of chocolate chip cookies under the Famous Amos name. Further, it offers health ingredients, fruit and vegetable juice concentrates, sweeteners and natural colors, and milk constituents; flavours/colors, enzymes, emulsifiers/stabilizers, preservatives, processing aids, health ingredients, glazors, bakery fillings, dietary vibes, and minerals; anti-ageing, energy and weight management, immune boosters and intestinal health, antioxidants, amino acids, and vitamins; and toll-manufactured spice blends, glazes and marinades, sweet and savoury toppings/fillings, chocolate couvertures, olive oils, and wines. It also provides cosmetic ingredients; pharmaceutical ingredients; and specialty chemicals for paint, coatings, polymers, engineering plastics, adhesives, agrochemicals, petrochemicals, packaging, graphics, technical films, and electronics and specialties industries. The company was founded in 1923 and is headquartered in Petaling Jaya, Malaysia. The company operates as a subsidiary of DKSH Resources (Malaysia) Sdn. Bhd.
Stock analysis
DKSH Holdings Malaysia Berhad (5908) currently trades at 5.96 MYR, while our model-based Fair Value estimate is 11.91 MYR, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 17.70 MYR per share, and 20 of the 26 models we run sit above the 5.96 MYR price.
Bear case: the Dividend Discount group reads lowest at 1.90 MYR, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 6.83 MYR (bear) to 18.50 MYR (bull), the price of 5.96 MYR sits below 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 53/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
DKSH Holdings Malaysia Berhad reported revenue of 8.6B MYR in FY2025 versus 6.7B MYR in FY2021, a compound +6.4%/yr. Reported net income was 156M MYR in FY2025, compounding +14.2%/yr from FY2021.
Key figures
Market cap 940M MYR (≈ $231M) · P/E ratio 6.0 · P/S ratio 0.11 · EPS (TTM) 0.9900 MYR · Dividend yield 3.1% · Net margin 1.8% · Return on equity 14.3% · Return on assets (EBIT) 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 100%, 5908 screens cheaper than that median.
Fair Value models
Bear 6.83 MYRFair Value 11.91 MYRBull 18.50 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.7269 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.Evidence ⓘEvidence = 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.5%
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.
+6.4%
Revenue growth 5 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.
+6.3%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 13 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.
+4.7%
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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. Basis: EBIT basis. 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.
+16.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.6%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.26% vs 12%, picking up
Profit margin 2020 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.2% → 3%
Start year 2020 (pandemic)
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).
+10.6%
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 +8.5% a year for the price.
Compare DKSH Holdings Malaysia Berhad with another stock
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.Industrial Distribution · 112 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets4% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)3.1% · Above median
Balance sheet
Debt / equity0.27× · Above median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
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Cite: Fair Value Calculator (2026). "DKSH Holdings Malaysia Berhad Fair Value". https://www.fairvalue-calculator.com/stock/5908
Frequently asked questions
Is DKSH Holdings Malaysia Berhad (5908) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.91 MYR versus a price of 5.96 MYR, about +100% upside (undervalued).
What is the fair value of 5908?
Our model-based fair value for DKSH Holdings Malaysia Berhad is 11.91 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 5.96 MYR.
What is the quality score of 5908?
DKSH Holdings Malaysia Berhad has a Quality Score of 53/100. 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 DKSH Holdings Malaysia Berhad (5908)?
Our model-based price target is the fair value of 11.91 MYR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 6.83 MYR, optimistic scenario 18.50 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the DKSH Holdings Malaysia Berhad stock forecast for 2026?
Our models put fair value at 11.91 MYR, about +100% upside versus a price of 5.96 MYR (undervalued). Cautious scenario 6.83 MYR, optimistic scenario 18.50 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of DKSH Holdings Malaysia Berhad (5908)?
DKSH Holdings Malaysia Berhad reported trailing-twelve-month revenue of about 8.8B MYR (latest available figure, as of Sep 24, 2026).
Does DKSH Holdings Malaysia Berhad pay a dividend?
DKSH Holdings Malaysia Berhad currently shows a dividend yield of about 3.10% relative to its recent price (as of Sep 24, 2026).
What growth is priced into DKSH Holdings Malaysia Berhad (5908)?
For today's price to be fair in a discounted-cash-flow model, DKSH Holdings Malaysia Berhad would have to grow free cash flow by +10.6 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5908 use?
Our models discount DKSH Holdings Malaysia Berhad at 12.6 %: a base by market capitalisation (micro), damped by beta 0.14, 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 DKSH Holdings Malaysia Berhad that is +10.6 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has DKSH Holdings Malaysia Berhad (5908) delivered so far?
Over the past 5 years revenue at DKSH Holdings Malaysia Berhad grew +6.3 % a year. The price currently implies +10.6 % per year free-cash-flow growth a 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 DKSH Holdings Malaysia Berhad (5908) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into DKSH Holdings Malaysia Berhad (+10.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DKSH Holdings Malaysia Berhad (5908)?
The free-cash-flow yield on the price is 9.70 %: that much free cash flow DKSH Holdings Malaysia Berhad 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 DKSH Holdings Malaysia Berhad (5908)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DKSH Holdings Malaysia Berhad it is 11.91 MYR per share (as of Sep 24, 2026), against a price of 5.96 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is DKSH Holdings Malaysia Berhad stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5908 trades below its calculated fair value: price 5.96 MYR, fair value 11.91 MYR, a gap of about +100% (undervalued). 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 5908?
No. The price is what the market pays today (5.96 MYR); the fair value is what the company's own numbers justify (11.91 MYR). For DKSH Holdings Malaysia Berhad the two are 5.95 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is DKSH Holdings Malaysia Berhad worth?
The market values DKSH Holdings Malaysia Berhad at about 940M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 5.96 MYR; our models calculate a fair value of 11.91 MYR per share.
What do the bullish and bearish scenarios say about 5908?
Our models span a range for DKSH Holdings Malaysia Berhad: cautious scenario 6.83 MYR, base 11.91 MYR, optimistic 18.50 MYR per share (as of Sep 24, 2026, price 5.96 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5908?
DKSH Holdings Malaysia Berhad trades at a price-to-earnings ratio of 6.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.91 MYR is built from several models across several years. Other multiples: P/B 0.2, P/S 0.0, EV/EBITDA 1.9.
How solid is the balance sheet of DKSH Holdings Malaysia Berhad (5908)?
Balance-sheet figures for DKSH Holdings Malaysia Berhad (as of Sep 24, 2026): return on equity 14.3%, debt of 0.27 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 5908 from its 52-week high?
DKSH Holdings Malaysia Berhad trades at 5.96 MYR, about 4% below its 52-week high of 6.18 MYR and 24% above the low of 4.80 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.91 MYR is for.
Which stocks are comparable to DKSH Holdings Malaysia Berhad?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, 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 DKSH Holdings Malaysia Berhad stock attractive at the current price?
The data as of Sep 24, 2026: price 5.96 MYR, calculated fair value 11.91 MYR (+100%), Quality Score 53/100, from 26 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 5908 calculated?
We run DKSH Holdings Malaysia Berhad through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 11.91 MYR, 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. DKSH Holdings Malaysia Berhad currently trades 100 % below its own fair value, and the market average says nothing about that. 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 DKSH Holdings Malaysia Berhad (5908)?
The closing price on Sep 24, 2026 was 5.96 MYR. Our model-based fair value is 11.91 MYR, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DKSH Holdings Malaysia Berhad right now?
The price is below even our cautious bear case (6.83 MYR). The market is more pessimistic than our downside scenario. The model range is unusually wide (6.83 MYR to 18.50 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of DKSH Holdings Malaysia Berhad (5908) come from?
Earnings per share at DKSH Holdings Malaysia Berhad grew +11.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.5 %, EBIT margin +6.9 %, tax rate +0.3 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of DKSH Holdings Malaysia Berhad
How large is the market capitalisation of DKSH Holdings Malaysia Berhad (5908)?
The market capitalisation of DKSH Holdings Malaysia Berhad is 940M MYR (≈ $231M). 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 DKSH Holdings Malaysia Berhad (5908)?
The price-to-sales ratio of DKSH Holdings Malaysia Berhad is 0.11 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DKSH Holdings Malaysia Berhad (5908)?
Earnings per share at DKSH Holdings Malaysia Berhad are 0.9900 MYR (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DKSH Holdings Malaysia Berhad (5908)?
The dividend yield of DKSH Holdings Malaysia Berhad is 3.1% (payout 18.7%). 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 DKSH Holdings Malaysia Berhad (5908)?
The net margin of DKSH Holdings Malaysia Berhad is 1.8% (fiscal year 2025). 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 DKSH Holdings Malaysia Berhad (5908)?
The return on equity (ROE) of DKSH Holdings Malaysia Berhad is 14.3% (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 DKSH Holdings Malaysia Berhad (5908)?
On an EBIT basis the return on assets of DKSH Holdings Malaysia Berhad is 6.0% (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 DKSH Holdings Malaysia Berhad (5908)?
The operating margin of DKSH Holdings Malaysia Berhad is 3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DKSH Holdings Malaysia Berhad (5908)?
Revenue at DKSH Holdings Malaysia Berhad is growing +6.1% versus a year earlier (3y avg +6.4%). 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 DKSH Holdings Malaysia Berhad (5908)?
Earnings per share at DKSH Holdings Malaysia Berhad are growing +2.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DKSH Holdings Malaysia Berhad (5908) carry?
The net debt of DKSH Holdings Malaysia Berhad is 539M MYR (fiscal year 2025, ≈ 5.9 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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