WMG Holdings Bhd (6378) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of WMG Holdings Bhd MYR 0.34, price MYR 0.53, upside -35.2%, quality 60 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 0.0850 MYR – 0.6000 MYR · fair‑value band 0.2400 MYR – 0.4400 MYR · the 0.5250 MYR price screens above the 0.3400 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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BEDI Berhad, an investment holding company, engages in the property development activities in Malaysia. The company operates in two segments, Property Development and Trading of Building Materials.
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BEDI Berhad, an investment holding company, engages in the property development activities in Malaysia. The company operates in two segments, Property Development and Trading of Building Materials. It develops housing projects, including low-cost apartments, starter homes, and luxurious detached and semi-detached houses, as well as multi-story luxury condominiums. The company also engages in the wholesale and retail of hardware, building materials, and related goods; and provision of corporate services. In addition, it develops residential, and commercial properties, as well as involved in the property letting and property management activities. The company was formerly known as WMG Holdings Bhd. And changed its name to BEDI Berhad in August 2025. The company was founded in 1979 and is headquartered in Sandakan, Malaysia. BEDI Berhad is a subsidiary of Exsim Borneo Sdn Bhd.
Stock analysis
WMG Holdings Bhd (6378) currently trades at 0.5250 MYR, while our model-based Fair Value estimate is 0.3400 MYR, implying the stock looks roughly 54.4% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.4600 MYR per share, and 5 of the 24 models we run sit above the 0.5250 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.1200 MYR, and 19 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2400 MYR (bear) to 0.4400 MYR (bull), the price of 0.5250 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 60/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WMG Holdings Bhd reported revenue of 74.8M MYR in FY2026 versus 61.3M MYR in FY2022, a compound +5.1%/yr. Reported net income was 7.0M MYR in FY2026.
Key figures
Market cap 455M MYR (≈ $112M) · P/S ratio 21.1 · Net margin 9.4% · Return on equity 14.1% · Return on assets (EBIT) 3.4% · Operating margin 56.4% · Revenue growth (YoY) −27.4% · Free cash flow 40.8M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 81% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −35%, 6378 screens cheaper than that median.
Fair Value models
Bear 0.2400 MYRFair Value 0.3400 MYRBull 0.4400 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.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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−58.8%
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.
−1.4%
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.
+5.6%
Start year 2021 (pandemic). Over 10 years: +8.3% 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.
−1.9%
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Profit margin (trend) ⓘ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.
10.3% (2021) → 11.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
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).
+9.9%
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 +7.7% 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.Building Materials · 258 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−35% · Below median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)−103% · Bottom 25%
Operating margin (TTM)56% · Top 25%
Growth and dividend
Revenue growth−27% · Bottom 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/B0.56× · Cheaper than median
P/S (TTM)5.32× · Priciest 25%
P/FCF2.7× · Pricier than median
EV/EBITDA1.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)0· sector 2
PAST (return on equity)57· sector 15
HEALTH (low debt)96· sector 92
DIVIDEND (yield)0· sector 46
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). "WMG Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/6378
Frequently asked questions
Is WMG Holdings Bhd (6378) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.3400 MYR versus a price of 0.5250 MYR, about −35% upside (overvalued).
What is the fair value of 6378?
Our model-based fair value for WMG Holdings Bhd is 0.3400 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.5250 MYR.
What is the quality score of 6378?
WMG Holdings 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 price target for WMG Holdings Bhd (6378)?
Our model-based price target is the fair value of 0.3400 MYR (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 0.2400 MYR, optimistic scenario 0.4400 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the WMG Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.3400 MYR, about −35% upside versus a price of 0.5250 MYR (overvalued). Cautious scenario 0.2400 MYR, optimistic scenario 0.4400 MYR. The calculation is refreshed regularly with new filings.
What growth is priced into WMG Holdings Bhd (6378)?
For today's price to be fair in a discounted-cash-flow model, WMG Holdings Bhd would have to grow free cash flow by +9.9 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6378 use?
Our models discount WMG Holdings Bhd at 13.4 %: a base by market capitalisation (micro), damped by beta 0.82, 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 WMG Holdings Bhd that is +9.9 % per year a year over ten years, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has WMG Holdings Bhd (6378) delivered so far?
Over the past 5 years revenue at WMG Holdings Bhd grew +5.6 % a year. The price currently implies +9.9 % 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 WMG Holdings Bhd (6378) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into WMG Holdings Bhd (+9.9 % 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 WMG Holdings Bhd (6378)?
The free-cash-flow yield on the price is 8.96 %: that much free cash flow WMG Holdings Bhd produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WMG Holdings Bhd (6378)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WMG Holdings Bhd it is 0.3400 MYR per share (as of Sep 24, 2026), against a price of 0.5250 MYR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is WMG Holdings Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6378 trades above its calculated fair value: price 0.5250 MYR, fair value 0.3400 MYR, a gap of about −35% (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 6378?
No. The price is what the market pays today (0.5250 MYR); the fair value is what the company's own numbers justify (0.3400 MYR). For WMG Holdings Bhd the two are 0.1850 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is WMG Holdings Bhd worth?
The market values WMG Holdings Bhd at about 455M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.5250 MYR; our models calculate a fair value of 0.3400 MYR per share.
What do the bullish and bearish scenarios say about 6378?
Our models span a range for WMG Holdings Bhd: cautious scenario 0.2400 MYR, base 0.3400 MYR, optimistic 0.4400 MYR per share (as of Sep 24, 2026, price 0.5250 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of WMG Holdings Bhd (6378)?
Balance-sheet figures for WMG Holdings Bhd (as of Sep 24, 2026): return on equity 14.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 6378 from its 52-week high?
WMG Holdings Bhd trades at 0.5250 MYR, about 5% below its 52-week high of 0.5500 MYR and 81% above the low of 0.2900 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3400 MYR is for.
Which stocks are comparable to WMG Holdings Bhd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 WMG Holdings Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.5250 MYR, calculated fair value 0.3400 MYR (−35%), Quality Score 60/100, 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 6378 calculated?
We run WMG Holdings Bhd through 24 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 0.3400 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. WMG Holdings Bhd 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 WMG Holdings Bhd (6378)?
The closing price on Sep 24, 2026 was 0.5250 MYR. Our model-based fair value is 0.3400 MYR, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WMG Holdings Bhd right now?
The price sits above even our optimistic bull case (0.4400 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 (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.2400 MYR to 0.4400 MYR) leaves room in how you read the outcome.
Key figures of WMG Holdings Bhd
How large is the market capitalisation of WMG Holdings Bhd (6378)?
The market capitalisation of WMG Holdings Bhd is 455M MYR (≈ $112M). 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 WMG Holdings Bhd (6378)?
The price-to-sales ratio of WMG Holdings Bhd is 21.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of WMG Holdings Bhd (6378)?
The net margin of WMG Holdings Bhd is 9.4% (fiscal year 2026). 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 WMG Holdings Bhd (6378)?
The return on equity (ROE) of WMG Holdings Bhd is 14.1% (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 WMG Holdings Bhd (6378)?
On an EBIT basis the return on assets of WMG Holdings Bhd is 3.4% (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 WMG Holdings Bhd (6378)?
The operating margin of WMG Holdings Bhd is 56.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WMG Holdings Bhd (6378)?
Revenue at WMG Holdings Bhd is growing −27.4% versus a year earlier (3y avg −1.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does WMG Holdings Bhd (6378) carry?
The net debt of WMG Holdings Bhd is 65.3M MYR (fiscal year 2026, ≈ 1.6 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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