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Master-Pack Group (7029) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 87.4M MYR

MP Master-Pack Group 7029 · KLSE
Price1.74 MYR
Fair Value1.49 MYR
Upside-14.4%
Quality64/100
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Weak Growth
Thin margins · 3.4% net margin
Low debt · generates free cash flow
2.50% dividend yield
Mixed vs. peers (7/13)
Narrow moat 31/100
Evidence: High Range 1.12 MYR – 1.87 MYR Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Share price +5.5% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 1.12 MYR (bear) to 1.87 MYR (bull), base 1.49 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

3.84 MYR 1.26 MYR Fair Value 1.49 MYR Oct 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 1.26 MYR – 3.84 MYR · fair‑value band 1.12 MYR – 1.87 MYR · the 1.74 MYR price screens above the 1.49 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Master-Pack Group (7029) currently trades at 1.74 MYR, while our model-based Fair Value estimate is 1.49 MYR, implying the stock looks roughly 14.4% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical 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, Master-Pack Group generated revenue of 94.2M MYR at a net margin of 3.4%. Revenue declined 30.4% year over year. It earns a return on equity of 1.9%. Net debt stands at 6.0M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1.12 MYR (bear case) to 1.87 MYR (bull case); at 1.74 MYR, the current price sits within 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 44% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -14%, 7029 screens cheaper 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
Growth DCF 3.71 MYR 4.17 MYR 4.90 MYR 80
Residual Income 2.04 MYR 1.95 MYR 1.45 MYR 76
Rev-Margin DCF 3.11 MYR 3.60 MYR 4.25 MYR 74
All 24 models by family
DCF Models
FCF DCF 3.66 MYR 4.15 MYR 4.99 MYR 38
Owner Earnings 2.60 MYR 2.83 MYR 3.24 MYR 31
5Y Revenue Exit 3.11 MYR 3.55 MYR 4.20 MYR 39
5Y EBITDA Exit 3.29 MYR 3.86 MYR 4.64 MYR 41
5Y P/E Exit 3.08 MYR 3.50 MYR 4.02 MYR 38
10Y Revenue Exit 3.34 MYR 3.69 MYR 4.06 MYR 36
10Y EBITDA Exit 3.46 MYR 3.86 MYR 4.29 MYR 37
10Y P/E Exit 3.34 MYR 3.66 MYR 3.97 MYR 35
Earnings-Based
Graham-Dodd 0.6000 MYR 0.8900 MYR 1.05 MYR 54
EPV 2.04 MYR 2.09 MYR 2.13 MYR 59
Dividend Discount
Gordon GGM 0.8400 MYR 0.9200 MYR 1.03 MYR 70
DDM Multi-Stage 0.8400 MYR 1.00 MYR 1.19 MYR 61
Multiples
P/E Multiple 1.12 MYR 1.49 MYR 1.87 MYR 63
P/S Multiple 1.12 MYR 1.49 MYR 1.87 MYR 58
P/B Multiple 1.12 MYR 1.49 MYR 1.87 MYR 55
EV/EBIT 2.88 MYR 3.30 MYR 3.73 MYR 53
EV/EBITDA 3.19 MYR 3.72 MYR 4.25 MYR 54
EV/Revenue 2.71 MYR 3.18 MYR 3.65 MYR 43
Asset-Based
NCAV (Graham) 1.56 MYR 2.09 MYR 3.11 MYR 50
Growth DCF
Growth DCF 3.71 MYR 4.17 MYR 4.90 MYR 80
Rev-Margin DCF 3.11 MYR 3.60 MYR 4.25 MYR 74
Economic Profit
Residual Income 2.04 MYR 1.95 MYR 1.45 MYR 76
ROIC Compounder 2.04 MYR 2.09 MYR 2.13 MYR 72
Growth Earnings
Growth-Adj P/E 0.8000 MYR 1.14 MYR 1.48 MYR 68

Widest divergence: DCF Models (3.66 MYR) versus Earnings-Based (0.8900 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 94.2M MYR
Revenue growth (YoY) -30.4%
Net margin 3.4%
Return on equity 1.9%
Free cash flow 15.3M MYR FY2025
P/E ratio 26.8
More key figures
Operating margin 4.2%
EPS (TTM) 0.0600 MYR
Dividend yield 2.5%
EPS growth (YoY) -72.5%
Net debt 6.0M MYR FY2018

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 67 · Market factors (momentum, volatility) 35

Profitability 31
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 82
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

Master-Pack Group Berhad, an investment holding company, manufactures, distributes, and sells corrugated cartons and wooden packaging materials in Malaysia, Vietnam, and internationally. It provides sheet board, slotted type, telescope type, folder type, interior fitment, die-cut, and palletized shipping container products, as well as wooden pallet.

Full company description

Master-Pack Group Berhad, an investment holding company, manufactures, distributes, and sells corrugated cartons and wooden packaging materials in Malaysia, Vietnam, and internationally. It provides sheet board, slotted type, telescope type, folder type, interior fitment, die-cut, and palletized shipping container products, as well as wooden pallet. The company also offers other packaging materials, including PE form, PU form, corrupad, cushion pad, edge protector, air bubble bag, plastic bag, strapping band, newsprint paper, and bubble pack products, as well as manufactures and sells wooden packaging boxes. In addition, it is involved in property letting activities. The company was formerly known as Hunza Consolidation Berhad. Master-Pack Group Berhad was incorporated in 1989 and is based in Nibong Tebal, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Master-Pack Group reported revenue of 102M MYR in FY2025 versus 154M MYR in FY2021, a compound −9.8%/yr. Reported net income was 4.8M MYR in FY2025, compounding −24.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
102M MYR
Latest YoY
−34.3%
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.
−14.2%
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.
−6.4%
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.
+3.9%
Revenue −9.8%/yr
FY21 154M MYR
FY22 161M MYR
FY23 166M MYR
FY24 155M MYR
FY25 102M MYR
Net income −24.1%/yr
FY21 14.5M MYR
FY22 21.8M MYR
FY23 24.6M MYR
FY24 18.2M MYR
FY25 4.8M MYR

7029 screens 14% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Master-Pack Group Fair Value". https://www.fairvalue-calculator.com/stock/7029

Peer Group

Packaging & Containers · 272 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 64 · Top 25%
Fair Value upside −14% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -30% · Bottom 25%
Dividend yield (TTM) 2.5% · Above median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 26.7× · Pricier than median
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.23× · Cheaper than 75% of peers
P/FCF 1.4× · Cheaper than median

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 14 · sector 9
FUTURE 0 · sector 0
PAST 8 · sector 21
HEALTH 100 · sector 93
DIVIDEND 50 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

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SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Master-Pack Group (7029) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1.49 MYR versus a price of 1.74 MYR, about −14% (overvalued).
What is the fair value of 7029?
Our model-based fair value for Master-Pack Group is 1.49 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 1.74 MYR.
What is the quality score of 7029?
Master-Pack Group has a Quality Score of 64/100. 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 Master-Pack Group (7029)?
Master-Pack Group reported trailing-twelve-month revenue of about 94.2M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 7029?
The net profit margin of Master-Pack Group is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does Master-Pack Group pay a dividend?
Master-Pack Group currently shows a dividend yield of about 2.47% relative to its recent price (as of Jul 17, 2026).

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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