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Subur Tiasa Holdings (6904) Fair Value & Analysis

Basic Materials · MY · Market cap 136M MYR

ST Subur Tiasa Holdings 6904 · KLSE
Price0.7550 MYR
Fair Value0.3000 MYR
Upside-60.3%
Quality95/100
Evidence: High Range 0.2300 MYR – 1.07 MYR

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 1.91 MYR to 0.3000 MYR (−84.3%) since Jun 23, 2026. Share price +7.2% over the past month.

Price vs Fair Value (12 months)

0.7651 MYR 0.5777 MYR Fair Value 0.3000 MYR Jun 2025 Jun 2026

12‑month range 0.5777 MYR – 0.7651 MYR · fair‑value band 0.2300 MYR – 1.07 MYR · the 0.7550 MYR price screens above the 0.3000 MYR fair value. As of Jun 24, 2026.

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Analysis

Subur Tiasa Holdings (6904) currently trades at 0.7550 MYR, while our model-based Fair Value estimate is 0.3000 MYR — implying the stock looks roughly 60.3% overvalued today. We read business quality at 95/100 (high 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: high).

Over the trailing twelve months, Subur Tiasa Holdings generated revenue of 321M MYR at a net margin of -2.1%. Revenue declined 26.9% year over year. It earns a return on equity of -1.2%. Net debt stands at 443M MYR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 321M MYR
Revenue growth (YoY) -26.9%
Net margin -2.1%
Return on equity -1.2%
Free cash flow 67.0M MYR FY2025
Operating margin -9.6%
More key figures
EPS (TTM) -0.0400 MYR
Net debt 443M MYR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Subur Tiasa Holdings Berhad, an investment holding company, engages in the extraction and sale of logs in Malaysia, India, Japan, South Korea, Taiwan, and internationally. The company operates through Timber, Plantation, and Others segments. Its Timber segment is involved in the extraction and sale of logs; subcontract of tree planting; and manufacture and trade of plywood, veneer, raw and laminated particleboard, sawn timber, finger-joint moulding, and charcoal. The Plantation segment cultivates oil palms and sells fresh fruit bunches. Its Others segment engages in the provision of towage and transportation, and insurance services; property holding and development activities; and manufacturing and trading of drinking water. The company is also involved in the development and maintenance of planted forests and forest plantation contractor; supply of electricity and steam; and trading of lighting products, merchandise and canteen goods, charcoal, drinking water, office materials, gen…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Subur Tiasa Holdings reported revenue of 339M MYR in FY2025 versus 607M MYR in FY2021, a compound −13.6%/yr. Reported net income was 3.3M MYR in FY2025, compounding −53.7%/yr from FY2021.

Revenue −13.6%/yr
FY21 607M MYR
FY22 585M MYR
FY23 465M MYR
FY24 430M MYR
FY25 339M MYR
Net income −53.7%/yr
FY21 72.6M MYR
FY22 46.3M MYR
FY23 −15.7M MYR
FY24 3.0M MYR
FY25 3.3M MYR

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Similar stocks

6 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $186.22 $95.11 -49%
West Fraser Timber Co WFG $69.05 $7.50 -89%
UFP Industries, Inc UFPI $80.10 $75.53 -6%
Stella-Jones Inc STLJF $58.00 $67.39 +16%
Boise Cascade Company BCC $72.54 $51.80 -29%
Century Plyboards (India) Limited CENTURYPLY ₹754.55 ₹201.01 -73%

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Frequently asked questions

Is Subur Tiasa Holdings (6904) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 0.3000 MYR versus a price of 0.7550 MYR — about −60% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 6904?
Our 21-model fair value for Subur Tiasa Holdings is 0.3000 MYR (as of Jun 24, 2026), built from audited fundamentals. The current price is 0.7550 MYR.
What is the quality score of 6904?
Subur Tiasa Holdings has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Subur Tiasa Holdings (6904)?
Subur Tiasa Holdings reported trailing-twelve-month revenue of about 321M MYR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 6904?
The net profit margin of Subur Tiasa Holdings is about -2.1%, meaning it is currently running at a net loss. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.