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Pharmaniaga Berhad, an investment holding company, (7081) Fair Value & Analysis

Healthcare · MY · Market cap 1.6B MYR

PB Pharmaniaga Berhad, an investment holding company, 7081 · KLSE
Price1.17 MYR
Fair Value0.6035 MYR
Upside-48.4%
Quality29/100
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Expensive Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
1.06% dividend yield
Trails peers (5/13)
Narrow moat 44/100
Evidence: High Range 0.3825 MYR – 0.8075 MYR Share as image

Fair value as of: Jul 12, 2026

From 15 valuation models · updated 29 days ago

Share price −4.9% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.8075 MYR). The favourable scenario is already priced in.
  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (0.3825 MYR to 0.8075 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

3.36 MYR 0.5894 MYR Fair Value 0.6035 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 0.5894 MYR – 3.36 MYR · fair‑value band 0.3825 MYR – 0.8075 MYR · the 1.17 MYR price screens above the 0.6035 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Pharmaniaga Berhad, an investment holding company, (7081) currently trades at 1.17 MYR, while our model-based Fair Value estimate is 0.6035 MYR, implying the stock looks roughly 48.4% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Healthcare 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, Pharmaniaga Berhad, an investment holding company, generated revenue of 4.1B MYR at a net margin of 1.2%. Revenue grew 11.7% year over year. It earns a return on equity of 28.4%. Net debt stands at 709M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.3825 MYR (bear case) to 0.8075 MYR (bull case); at 1.17 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 31% below its 52-week high and 85% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 2% fair-value upside, at -48%, 7081 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
Residual Income 0.2800 MYR 0.3100 MYR 0.4400 MYR 76
ROIC Compounder 0.6700 MYR 0.8100 MYR 0.9600 MYR 72
Growth-Adj P/E 0.5000 MYR 0.7100 MYR 0.9200 MYR 68
All 15 models by family
DCF Models
Owner Earnings 0.4000 MYR 0.5800 MYR 0.8100 MYR 31
Earnings-Based
Graham-Dodd 0.2500 MYR 0.7500 MYR 1.00 MYR 54
Lynch FV 0.1600 MYR 0.2300 MYR 0.3000 MYR 50
PEG = 1.0 0.1600 MYR 0.2300 MYR 0.3000 MYR 46
EPV 0.6300 MYR 0.7200 MYR 0.7900 MYR 59
Multiples
P/E Multiple 0.6100 MYR 0.8100 MYR 1.02 MYR 63
P/S Multiple 0.4700 MYR 0.6300 MYR 0.7900 MYR 58
P/B Multiple 0.4700 MYR 0.6300 MYR 0.7900 MYR 55
EV/EBIT 1.25 MYR 1.67 MYR 2.09 MYR 53
EV/EBITDA 1.34 MYR 1.79 MYR 2.24 MYR 54
EV/Revenue 0.8900 MYR 1.27 MYR 1.66 MYR 43
Asset-Based
NCAV (Graham) 0.1700 MYR 0.2200 MYR 0.3300 MYR 50
Economic Profit
Residual Income 0.2800 MYR 0.3100 MYR 0.4400 MYR 76
ROIC Compounder 0.6700 MYR 0.8100 MYR 0.9600 MYR 72
Growth Earnings
Growth-Adj P/E 0.5000 MYR 0.7100 MYR 0.9200 MYR 68

Widest divergence: Multiples (0.8100 MYR) versus Asset-Based (0.2200 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.1B MYR
Revenue growth (YoY) +11.7%
Net margin 1.2%
Return on equity 28.4%
Free cash flow −47.5M MYR FY2025
P/E ratio 44.3
More key figures
Operating margin 4.7%
EPS (TTM) 0.0300 MYR
Dividend yield 1.0%
EPS growth (YoY) -76.6%
Net debt 709M MYR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 28 · Market factors (momentum, volatility) 42

Profitability 45
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 0
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

Pharmaniaga Berhad, an investment holding company, operates as an integrated healthcare service provider in Malaysia, Indonesia, and internationally. The company operates through Logistics and Distribution, Manufacturing, and Indonesia segments.

Full company description

Pharmaniaga Berhad, an investment holding company, operates as an integrated healthcare service provider in Malaysia, Indonesia, and internationally. The company operates through Logistics and Distribution, Manufacturing, and Indonesia segments. It is involved in manufacturing, distribution, and marketing of pharmaceutical and medical products, such as generic drugs and over-the-counter medicines; supply and installation of medical and hospital equipment; and research and development of pharmaceutical products. The company also produces and distributes food supplements. In addition, it distributes and trades diagnostic products; and develops OLIN digital platform, an integrated digital platform for ordering, inventory, billing, and sales operations. Further, the company provides logistics services and primary care products for acute diseases and specialty care products for serious and chronic diseases. Pharmaniaga Berhad was founded in 1994 and is based in Shah Alam, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pharmaniaga Berhad, an investment holding company, reported revenue of 3.9B MYR in FY2025 versus 4.8B MYR in FY2021, a compound −5.0%/yr. Reported net income was 48.5M MYR in FY2025, compounding −27.1%/yr from FY2021.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.9B MYR
Latest YoY
+4.5%
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.
+4.1%
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.
+7.6%
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.
+6.1%
Revenue −5.0%/yr
FY21 4.8B MYR
FY22 3.5B MYR
FY23 3.4B MYR
FY24 3.8B MYR
FY25 3.9B MYR
Net income −27.1%/yr
FY21 172M MYR
FY22 −630M MYR
FY23 −80.2M MYR
FY24 132M MYR
FY25 48.5M MYR

7081 screens 48% overvalued. Compare with McKesson Corporation →

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Cite: Fair Value Calculator (2026). "Pharmaniaga Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/7081

Peer Group

Medical Distribution · 81 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 29 · Bottom 25%
Fair Value upside −48% · Bottom 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 12% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.29× · Higher than median

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 41.0× · Pricier than 75% of peers
P/B 3.71× · Pricier than 75% of peers
P/S (TTM) 0.40× · Cheaper than median
EV/EBITDA 11.0× · Pricier 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 32
FUTURE 59 · sector 14
PAST 100 · sector 21
HEALTH 86 · sector 97
DIVIDEND 21 · sector 53

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 Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $805.96 $819.31 +2%
Cencora, Inc COR $303.44 $175.74 -42%
Cardinal Health, Inc CAH $224.94 $141.77 -37%
Henry Schein, Inc HSIC $87.82 $74.67 -15%
Shanghai Pharmaceuticals Holding 601607 ¥16.70 ¥33.96 +103%
Sinopharm Group 1099 HK$16.74 HK$61.33 +266%
Galenica AG GALE CHF 87.05 CHF 61.79 -29%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.50 ¥28.65 +33%
Jointown Pharmaceutical Group 600998 ¥4.99 ¥9.84 +97%
Asker Healthcare Group ASKER kr 79.45 kr 25.69 -68%

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Frequently asked questions

Is Pharmaniaga Berhad, an investment holding company, (7081) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.6035 MYR versus a price of 1.17 MYR, about −48% (overvalued).
What is the fair value of 7081?
Our model-based fair value for Pharmaniaga Berhad, an investment holding company, is 0.6035 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 1.17 MYR.
What is the quality score of 7081?
Pharmaniaga Berhad, an investment holding company, has a Quality Score of 29/100. 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 Pharmaniaga Berhad, an investment holding company, (7081)?
Pharmaniaga Berhad, an investment holding company, reported trailing-twelve-month revenue of about 4.1B MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 7081?
The net profit margin of Pharmaniaga Berhad, an investment holding company, is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does Pharmaniaga Berhad, an investment holding company, pay a dividend?
Pharmaniaga Berhad, an investment holding company, currently shows a dividend yield of about 1.01% relative to its recent price (as of Jul 12, 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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