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Fiamma Holdings (6939) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 583M MYR

FH Fiamma Holdings 6939 · KLSE
Price1.07 MYR
Fair Value1.40 MYR
Upside+30.8%
Quality95/100
Evidence: Medium Range 1.25 MYR – 1.51 MYR

Fair value as of: Jun 24, 2026

From 13 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 1.22 MYR to 1.40 MYR (+14.8%) since Jun 23, 2026.

Price vs Fair Value (12 months)

1.24 MYR 1.00 MYR Fair Value 1.40 MYR Jun 2025 Jun 2026

12‑month range 1.00 MYR – 1.24 MYR · fair‑value band 1.25 MYR – 1.51 MYR · the 1.07 MYR price screens below the 1.40 MYR fair value. As of Jun 24, 2026.

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Analysis

Fiamma Holdings (6939) currently trades at 1.07 MYR, while our model-based Fair Value estimate is 1.40 MYR — implying the stock looks roughly 30.8% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical 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: medium) — always confirm before acting.

Over the trailing twelve months, Fiamma Holdings generated revenue of 387M MYR at a net margin of 10.4%. Revenue grew 5.9% year over year. It earns a return on equity of 5.3%. Net debt stands at 45.2M MYR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 387M MYR
Revenue growth (YoY) +5.9%
Net margin 10.4%
Return on equity 5.3%
Free cash flow −83.7M MYR FY2025
P/E ratio 15.7
More key figures
Operating margin 12.1%
EPS (TTM) 0.0700 MYR
EPS growth (YoY) -70.3%
Net debt 45.2M MYR FY2024

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

About the company

Fiamma Holdings Berhad engages in the distribution and servicing of electrical home appliances in Malaysia. The company operates through three segments: Trading and Services, Property development, and Investment Holding and Property Investment. It distributes and serves electrical home appliances and fittings, sanitaryware, kitchen and wardrobe system and built-in furniture, household products, bathroom accessories, home furniture, medical devices, and healthcare products through its in-house brands including Elba, Faber, Rubine, Vino, Tuscani, Haustern, and Ebac, as well as through its international brands, such as Braun, Oral-B, Speed Queen, Beurer, Fora, Charder, Sony, Spirit, Icanclave, and Tuttnauer. In addition, the company develops residential and commercial properties. Further, it is involved in the letting of investment properties; provision of warehousing and logistics services; and provision of after sales services of electrical home appliances. Fiamma Holdings Berhad was…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fiamma Holdings reported revenue of 381M MYR in FY2025 versus 338M MYR in FY2021, a compound +3.1%/yr. Reported net income was 64.9M MYR in FY2025, compounding +17.1%/yr from FY2021.

Revenue +3.1%/yr
FY21 338M MYR
FY22 370M MYR
FY23 486M MYR
FY24 375M MYR
FY25 381M MYR
Net income +17.1%/yr
FY21 34.5M MYR
FY22 36.8M MYR
FY23 72.7M MYR
FY24 39.8M MYR
FY25 64.9M MYR

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Similar stocks

6 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥78.28 ¥129.52 +65%
Haier Smart Home Co QIHCF $2.42 $3.28 +36%
Gree Electric Appliances, Inc 000651 ¥36.99 ¥104.21 +182%
Guangdong Songfa Ceramics Co 603268 ¥146.83 ¥38.95 -73%
SharkNinja, Inc SN $119.82 $78.04 -35%
King Slide Works Co 2059 7,475 TWD 2,214 TWD -70%

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Frequently asked questions

Is Fiamma Holdings (6939) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 1.40 MYR versus a price of 1.07 MYR — about +31% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 6939?
Our 21-model fair value for Fiamma Holdings is 1.40 MYR (as of Jun 24, 2026), built from audited fundamentals. The current price is 1.07 MYR.
What is the quality score of 6939?
Fiamma Holdings has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Fiamma Holdings (6939)?
Fiamma Holdings reported trailing-twelve-month revenue of about 387M MYR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 6939?
The net profit margin of Fiamma Holdings is about 10.4%, meaning it keeps roughly 10.4% 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.

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