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Atlan Holdings (7048) Fair Value & Analysis

Consumer Defensive · MY · Market cap 647M MYR

AH Atlan Holdings 7048 · KLSE
Price2.58 MYR
Fair Value1.29 MYR
Upside-50.0%
Quality66/100
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Weak Growth
Thin margins · 3.6% net margin
Low debt · generates free cash flow
3.92% dividend yield
Mixed vs. peers (7/13)
Narrow moat 28/100
Evidence: Medium Range 0.9700 MYR – 1.61 MYR Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Share price −3.7% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.61 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

3.62 MYR 2.27 MYR Fair Value 1.29 MYR Nov 2016 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 2.27 MYR – 3.62 MYR · fair‑value band 0.9700 MYR – 1.61 MYR · the 2.58 MYR price screens above the 1.29 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Atlan Holdings (7048) currently trades at 2.58 MYR, while our model-based Fair Value estimate is 1.29 MYR, implying the stock looks roughly 50.0% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive 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: medium).

Over the trailing twelve months, Atlan Holdings generated revenue of 411M MYR at a net margin of 3.6%. Revenue declined 48.9% year over year. It earns a return on equity of 4.1%. The stock trades on a trailing P/E of 44.8. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.9700 MYR (bear case) to 1.61 MYR (bull case); at 2.58 MYR, the current price sits above 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 17% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -10% fair-value upside, at -50%, 7048 screens richer 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 2.22 MYR 2.60 MYR 3.19 MYR 80
Residual Income 1.11 MYR 1.09 MYR 0.9100 MYR 76
Rev-Margin DCF 2.14 MYR 2.73 MYR 3.45 MYR 74
All 24 models by family
DCF Models
FCF DCF 2.18 MYR 2.58 MYR 3.25 MYR 38
Owner Earnings 1.24 MYR 1.36 MYR 1.56 MYR 31
5Y Revenue Exit 2.14 MYR 2.69 MYR 3.49 MYR 39
5Y EBITDA Exit 3.41 MYR 4.89 MYR 6.85 MYR 41
5Y P/E Exit 1.90 MYR 2.28 MYR 2.74 MYR 38
10Y Revenue Exit 2.12 MYR 2.50 MYR 2.91 MYR 36
10Y EBITDA Exit 2.86 MYR 3.75 MYR 4.71 MYR 37
10Y P/E Exit 2.02 MYR 2.27 MYR 2.50 MYR 35
Earnings-Based
Graham-Dodd 0.4000 MYR 0.4900 MYR 0.5500 MYR 54
EPV 3.53 MYR 3.89 MYR 4.20 MYR 59
Dividend Discount
Gordon GGM 0.3900 MYR 0.4200 MYR 0.4600 MYR 70
DDM Multi-Stage 0.3900 MYR 0.4600 MYR 0.5600 MYR 61
Multiples
P/E Multiple 0.9700 MYR 1.29 MYR 1.61 MYR 63
P/S Multiple 0.7500 MYR 0.9900 MYR 1.24 MYR 58
P/B Multiple 0.7500 MYR 0.9900 MYR 1.24 MYR 55
EV/EBIT 5.86 MYR 7.53 MYR 9.20 MYR 53
EV/EBITDA 4.96 MYR 6.33 MYR 7.70 MYR 54
EV/Revenue 2.22 MYR 2.81 MYR 3.39 MYR 43
Asset-Based
NCAV (Graham) 0.7900 MYR 1.05 MYR 1.57 MYR 50
Growth DCF
Growth DCF 2.22 MYR 2.60 MYR 3.19 MYR 80
Rev-Margin DCF 2.14 MYR 2.73 MYR 3.45 MYR 74
Economic Profit
Residual Income 1.11 MYR 1.09 MYR 0.9100 MYR 76
ROIC Compounder 3.53 MYR 3.96 MYR 4.35 MYR 72
Growth Earnings
Growth-Adj P/E 0.6800 MYR 0.9700 MYR 1.26 MYR 68

Widest divergence: Growth DCF (2.60 MYR) versus Dividend Discount (0.4200 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 411M MYR
Revenue growth (YoY) -48.7%
Net margin 3.6%
Return on equity 4.1%
Free cash flow 41.2M MYR FY2026
P/E ratio 44.8
More key figures
Operating margin -1.0%
EPS (TTM) 0.0500 MYR
Dividend yield 3.9%
EPS growth (YoY) -40.2%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 53

Profitability 34
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 39
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

Atlan Holdings Bhd, an investment holding company, engages in the manufacture and sale of automotive components in Malaysia. The company operates through Property and Hospitality; Trading of Duty-Free Goods, Dutiable and Non-Dutiable Merchandise; and Automotive segments.

Full company description

Atlan Holdings Bhd, an investment holding company, engages in the manufacture and sale of automotive components in Malaysia. The company operates through Property and Hospitality; Trading of Duty-Free Goods, Dutiable and Non-Dutiable Merchandise; and Automotive segments. It is involved in the wholesale and retail of duty-free and non-dutiable merchandise, including imported duty-free beverages, tobacco products, chocolates, confectionery, perfumery, cosmetics, and souvenirs; and manufacture and supply of plastic and metal fuel tanks, metal stamping parts, screw jacks, tubings, fuel filter necks, metallic tubes, fuel tanks modules, and other automotive production and assembly parts, as well as sub-assembly of instrument panels. The company also engages in the general construction and apartment hotel business; investment, development, and management of properties; development of resorts; operation of hotel and spa; cultivation of oil palm; and provision of various administration, advisory, management, planning, functions, and assistance activities to its holding company and related companies. In addition, it distributes, wholesales, and retails beverages; and manufactures and markets exhaust systems, wheelbarrows, brakes, fuel, and other automotive components. Atlan Holdings Bhd was incorporated in 1988 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Atlan Holdings reported revenue of 411M MYR in FY2026 versus 257M MYR in FY2022, a compound +12.4%/yr. Reported net income was 14.8M MYR in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
411M MYR
Latest YoY
−9.7%
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.
+2.5%
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.
+1.1%
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.
−4.4%
Revenue +12.4%/yr
FY22 257M MYR
FY23 381M MYR
FY24 454M MYR
FY25 455M MYR
FY26 411M MYR
Net income
FY22 −793K MYR
FY23 21.9M MYR
FY24 20.3M MYR
FY25 51.7M MYR
FY26 14.8M MYR

7048 screens 50% overvalued. Compare with Walmart Inc →

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Cite: Fair Value Calculator (2026). "Atlan Holdings Fair Value". https://www.fairvalue-calculator.com/stock/7048

Peer Group

Discount Stores · 25 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 66 · Above median
Fair Value upside −50% · Below median
Return on equity (TTM) 4% · Bottom 25%
Return on assets 2% · Bottom 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -49% · Bottom 25%
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Discount Stores median · lower = cheaper

P/E (TTM) 44.8× · Pricier than 75% of peers
P/B 0.40× · Cheaper than 75% of peers
P/S (TTM) 0.39× · Cheaper than 75% of peers
P/FCF 3.8× · 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 0 · sector 11
FUTURE 0 · sector 37
PAST 17 · sector 76
HEALTH 95 · sector 89
DIVIDEND 78 · sector 21

VALUE 0: the price sits above our fair-value range.

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 Discount Stores stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Walmart Inc WMT $113.90 $48.65 -57%
Costco Wholesale Corporation COST $916.25 $383.51 -58%
Target Corporation TGT $139.60 $118.22 -15%
Wal-Mart de México, S.A. WALMEX 49.49 MXN 60.59 MXN +22%
Dollarama Inc DOL C$188.95 C$92.38 -51%
Avenue Supermarts Limited DMART ₹4,081 ₹1,066 -74%
Dollar General Corporation DG $125.75 $116.55 -7%
Dollar Tree, Inc DLTR $124.91 $125.92 +1%
BJ's Wholesale Club Holdings BJ $90.24 $80.99 -10%
Pepco Group PCO 40.64 PLN 54.90 PLN +35%

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Frequently asked questions

Is Atlan Holdings (7048) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1.29 MYR versus a price of 2.58 MYR, about −50% (overvalued).
What is the fair value of 7048?
Our model-based fair value for Atlan Holdings is 1.29 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 2.58 MYR.
What is the quality score of 7048?
Atlan Holdings has a Quality Score of 66/100. 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 Atlan Holdings (7048)?
Atlan Holdings reported trailing-twelve-month revenue of about 411M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 7048?
The net profit margin of Atlan Holdings is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Atlan Holdings pay a dividend?
Atlan Holdings currently shows a dividend yield of about 3.72% relative to its recent price (as of Jul 16, 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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