Spritzer Bhd (7103) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Spritzer Bhd stock MYR 3.99, price MYR 3.65, upside +9.4%, quality 67 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 0.5642 MYR – 3.85 MYR · fair‑value band 2.66 MYR – 5.89 MYR · the 3.65 MYR price screens below the 3.99 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Spritzer Bhd in your weekly email
Every Wednesday you see whether Spritzer Bhd is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Spritzer Bhd, an investment holding company, engages in the production and sale of bottled water in Malaysia and internationally. It operates through three segments: Manufacturing, Trading, and Others.
Show moreShow less
The company offers natural mineral water, carbonated flavored water, distilled water, drinking water, non-carbonated flavored water, preforms and bottles made of polyethylene terephthalate (PET), caps, toothbrushes, and other plastic products.
It is also involved in the trade and distribution of bottled water and other consumer products; the operation of recreational parks and mini golf courses; and development and investment in properties.
The company offers its products under the Spritzer, Spritzer Sparkling, Spritzer Tinge, Spritzer So Tinge, Cactus, Desa and Summer brands. Spritzer Bhd was founded in 1989 and is based in Taiping, Malaysia.
Stock analysis
Spritzer Bhd (7103) currently trades at 3.65 MYR, while our model-based Fair Value estimate is 3.99 MYR, so the stock looks roughly fairly valued today (gap 8.6%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.73 MYR per share, and 2 of the 26 models we run sit above the 3.65 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.5300 MYR, and 24 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.66 MYR (bear) to 5.89 MYR (bull), the price of 3.65 MYR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Spritzer Bhd reported revenue of 657M MYR in FY2026 versus 331M MYR in FY2022, a compound +18.7%/yr. Reported net income was 90.8M MYR in FY2026, compounding +39.1%/yr from FY2022.
Key figures
Market cap 2.3B MYR (≈ $573M) Small · P/E ratio 22.8 · P/S ratio 3.29 · EPS (TTM) 0.1600 MYR · Dividend yield 1.4% · Net margin 15.0% · Return on equity 16.5% · Return on assets (EBIT) 29.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −23% fair-value upside, at 9%, 7103 screens cheaper than that median.
Fair Value models
Bear2.66 MYRFair Value 3.99 MYRBull5.89 MYR
Price 3.65 MYR · Upside +9.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (0.0488 MYR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.3%
Start year 2021 (pandemic). Over 10 years: +8.6% a year
Revenue growth 14 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.7%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.7% vs 2.3%, steady
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 5.7%/yr over ~9Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+25.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +12.0% a year for the price and +22.7% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Beverages - Non-Alcoholic · 80 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside+9.4% · Above median
Profitability
Return on equity (12 months)16.5% · Above median
Return on assets10.5% · Above median
Net margin (12 months)15.0% · Top 25%
Operating margin (12 months)23.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)23.5% · Top 25%
Dividend yield (12 months)1.4% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Beverages - Non-Alcoholic median · lower = cheaper
P/E (12 months)22.8× · Pricier than median
P/B3.53× · Pricier than median
P/S (12 months)3.29× · Priciest 25%
Price / free cash flow (fiscal year)21.6× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Spritzer Bhd Fair Value". https://www.fairvalue-calculator.com/stock/7103
Frequently asked questions
Is Spritzer Bhd (7103) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 3.99 MYR versus a price of 3.65 MYR, about +9% upside (fairly valued).
What is the fair value of 7103?
Our model-based fair value for Spritzer Bhd is 3.99 MYR (as of Nov 6, 2026), built from audited fundamentals. The current price: 3.65 MYR.
What is the quality score of 7103?
Spritzer Bhd has a Quality Score of 67/100. 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 price target for Spritzer Bhd (7103)?
Our model-based price target is the fair value of 3.99 MYR (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 2.66 MYR, optimistic scenario 5.89 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Spritzer Bhd stock forecast for 2026?
Our models put fair value at 3.99 MYR, about +9% upside versus a price of 3.65 MYR (fairly valued). Cautious scenario 2.66 MYR, optimistic scenario 5.89 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Spritzer Bhd (7103)?
Spritzer Bhd reported trailing-twelve-month revenue of about 706M MYR (latest available figure, as of Nov 6, 2026).
Does Spritzer Bhd pay a dividend?
Spritzer Bhd currently shows a dividend yield of 1.37% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Spritzer Bhd (7103) and when is the ex-dividend date?
Spritzer Bhd pays a dividend of 0.05 MYR per share a year, a dividend yield of 1.4%. The last ex-dividend date was Jun 8, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 31.3% of earnings. Free cash flow covers the dividend 3.36 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Spritzer Bhd (7103)?
For today's price to be fair in a discounted-cash-flow model, Spritzer Bhd would have to grow free cash flow by +14.2 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.3 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 7103 use?
Our models discount Spritzer Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.43, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Spritzer Bhd that is +14.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Spritzer Bhd (7103) delivered so far?
Over the past 5 years revenue at Spritzer Bhd grew +16.3 % a year. The price currently implies free-cash-flow growth of +14.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Spritzer Bhd (7103) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Spritzer Bhd (+14.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Spritzer Bhd (7103)?
The free-cash-flow yield on the price is 4.63 %: that much free cash flow Spritzer Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Spritzer Bhd (7103)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Spritzer Bhd it is 3.99 MYR per share (as of Nov 6, 2026), against a price of 3.65 MYR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Spritzer Bhd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 7103 trades below its calculated fair value: price 3.65 MYR, fair value 3.99 MYR, a gap of about +9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 7103?
No. The price is what the market pays today (3.65 MYR); the fair value is what the company's own numbers justify (3.99 MYR). For Spritzer Bhd the two are 0.3430 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Spritzer Bhd worth?
The market values Spritzer Bhd at about 2.3B MYR (market capitalisation, as of Nov 6, 2026). Per share that is 3.65 MYR; our models calculate a fair value of 3.99 MYR per share.
What do the bullish and bearish scenarios say about 7103?
Our models span a range for Spritzer Bhd: cautious scenario 2.66 MYR, base 3.99 MYR, optimistic 5.89 MYR per share (as of Nov 6, 2026, price 3.65 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7103?
Spritzer Bhd trades at a price-to-earnings ratio of 22.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.99 MYR is built from several models across several years. Other multiples: P/B 3.5, P/S 3.3, EV/EBITDA 13.1.
How solid is the balance sheet of Spritzer Bhd (7103)?
Balance-sheet figures for Spritzer Bhd (as of Nov 6, 2026): return on equity 16.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 7103 from its 52-week high?
Spritzer Bhd trades at 3.65 MYR, about 5% below its 52-week high of 3.85 MYR and 58% above the low of 2.30 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.99 MYR is for.
Which stocks are comparable to Spritzer Bhd?
From the same area (Consumer Defensive) we also value The Coca-Cola Company, PepsiCo, Inc, Monster Beverage Corporation, Nongfu Spring Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Spritzer Bhd stock attractive at the current price?
The data as of Nov 6, 2026: price 3.65 MYR, calculated fair value 3.99 MYR (+9%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 7103 calculated?
We run Spritzer Bhd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3.99 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Spritzer Bhd currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Spritzer Bhd (7103)?
The closing price on Nov 6, 2026 was 3.65 MYR. Our model-based fair value is 3.99 MYR, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Spritzer Bhd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (2.66 MYR to 5.89 MYR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Spritzer Bhd
How large is the market capitalisation of Spritzer Bhd (7103)?
The market capitalisation of Spritzer Bhd is 2.3B MYR (≈ $573M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Spritzer Bhd (7103)?
The price-to-sales ratio of Spritzer Bhd is 3.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Spritzer Bhd (7103)?
Earnings per share at Spritzer Bhd are 0.1600 MYR (price ÷ EPS = P/E 22.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Spritzer Bhd (7103)?
The dividend yield of Spritzer Bhd is 1.4% (payout 31.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Spritzer Bhd (7103)?
The net margin of Spritzer Bhd is 15.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Spritzer Bhd (7103)?
The return on equity (ROE) of Spritzer Bhd is 16.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Spritzer Bhd (7103)?
On an EBIT basis the return on assets of Spritzer Bhd is 29.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Spritzer Bhd (7103)?
The operating margin of Spritzer Bhd is 23.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Spritzer Bhd (7103)?
Revenue at Spritzer Bhd is growing +23.5% versus a year earlier (3y avg +14.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Spritzer Bhd (7103)?
Earnings per share at Spritzer Bhd are growing +55.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Spritzer Bhd (7103) carry?
The net debt of Spritzer Bhd is 27.0M MYR (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Spritzer Bhd in the live analysis
One click puts Spritzer Bhd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 6, 2026