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Supermax Corporation Bhd (7106) Fair Value & Analysis

Healthcare · MY · Market cap 795M MYR

SC Supermax Corporation Bhd 7106 · KLSE
Price0.3100 MYR
Fair Value0.3200 MYR
Upside+3.2%
Quality40/100
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Risks

!Weak Growth (revenue 5y −18.2 %/yr)
!Loss-making · -42.5% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/10)
Weak Growth (revenue 5y −18.2 %/yr)
Loss-making · -42.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 12/100
Evidence: Low Range 0.2100 MYR – 0.4000 MYR Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 12 days ago

Share price +14.8% over the past month.

Below-average quality, currently priced close to our fair value.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.2100 MYR to 0.4000 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.
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Price vs Fair Value (5 years)

4.07 MYR 0.2500 MYR Fair Value 0.3200 MYR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.2500 MYR – 4.07 MYR · fair‑value band 0.2100 MYR – 0.4000 MYR · the 0.3100 MYR price screens below the 0.3200 MYR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Supermax Corporation Bhd (7106) currently trades at 0.3100 MYR, while our model-based Fair Value estimate is 0.3200 MYR, implying the stock looks roughly 3.2% fairly valued today. The Quality Score stands at 40/100 (below-average quality), in the Healthcare 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: low), always confirm before acting.

Over the trailing twelve months, Supermax Corporation Bhd generated revenue of 672M MYR at a net margin of -42.5%. Revenue declined 37.8% year over year. It earns a return on equity of -7.2%. The balance sheet holds a net cash position of 718M MYR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2100 MYR (bear case) to 0.4000 MYR (bull case); at 0.3100 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 54% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -46% fair-value upside, at 3%, 7106 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
NCAV (Graham) 0.6700 MYR 0.8900 MYR 1.33 MYR 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.6700 MYR 0.8900 MYR 1.33 MYR 50

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Key figures & financial health

P/S ratio 1.18 TTM
Net margin -42.5% TTM
Return on equity -7.2% TTM
Return on assets -4.2% TTM
Operating margin -32.4% TTM
EPS (TTM) -0.0900 MYR
More key figures
Growth
Revenue (TTM) 672M MYR TTM
Revenue growth (YoY) -37.8% 3y avg -33.7%
EPS growth (YoY) -92.8%
Balance sheet & cash flow
Free cash flow −360M MYR FY2024
Net cash 718M MYR FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 41 · Market factors (momentum, volatility) 36

Profitability 2
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 55
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Supermax Corporation Berhad, an investment holding company, manufactures, distributes, and markets medical gloves and contact lenses in Europe, North America, Central America, South America, Asia, Oceania, and Africa. It operates through four segments: Investment Holding, Manufacturing of Gloves, Trading of Gloves, and Others.

Full company description

Supermax Corporation Berhad, an investment holding company, manufactures, distributes, and markets medical gloves and contact lenses in Europe, North America, Central America, South America, Asia, Oceania, and Africa. It operates through four segments: Investment Holding, Manufacturing of Gloves, Trading of Gloves, and Others. The company offers various types of nitrile latex and natural rubber gloves, as well as personal protective equipment. It is also involved in the trading, importing, and distribution of latex gloves; generation of biomass energy; marketing and distribution of healthcare products and medical devices; manufactures and sells face masks; and property holding activities. The company sells its products to laboratories, pharmacists, hospitals, doctors, and surgeons under the SUPERMAX, AURELIA, and MAXTER brands. It also exports its products to approximately 165 countries. The company was founded in 1987 and is headquartered in Sungai Buloh, Malaysia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Supermax Corporation Bhd reported revenue of 782M MYR in FY2024 versus 7.2B MYR in FY2020, a compound −42.5%/yr. Reported net income was −160M MYR in FY2024.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
782M MYR
Latest YoY
+21.0%
Avg. revenue 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.
−33.7%
Avg. revenue 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.
−18.2%
Avg. revenue growth/yr (18Y) 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.
+3.8%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Revenue −42.5%/yr
FY20 7.2B MYR
FY21 2.7B MYR
FY22 821M MYR
FY23 646M MYR
FY24 782M MYR
Net income
FY20 3.8B MYR
FY21 719M MYR
FY22 −141M MYR
FY23 −176M MYR
FY24 −160M MYR

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Cite: Fair Value Calculator (2026). "Supermax Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/7106

Peer Group

Medical Instruments & Supplies · 207 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 41 · Bottom 25%
Fair Value upside +3% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) -43% · Bottom 25%
Operating margin (TTM) -32% · Bottom 25%
Revenue growth -38% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.29× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE38 · sector 0
FUTURE0 · sector 27
PAST0 · sector 24
HEALTH100 · sector 96
DIVIDEND0 · sector 32

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

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $378.81 $150.04 -60%
EssilorLuxottica Société anonyme EL €164.40 €94.93 -42%
Medline Inc MDLN $35.50 $30.15 -15%
Becton, Dickinson and Company BDX $182.09 $100.46 -45%
Alcon Inc ALC $73.58 $39.78 -46%
ResMed Inc RMD A$31.25 A$26.33 -16%
West Pharmaceutical Services, Inc WST $352.29 $141.58 -60%
Sartorius Stedim Biotech S.A DIM €180.30 €48.88 -73%
Straumann Holding STMN CHF 102.05 CHF 47.31 -54%
Sartorius Aktiengesellschaft SRT3 €236.00 €63.30 -73%

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Frequently asked questions

Is Supermax Corporation Bhd (7106) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.3200 MYR versus a price of 0.3100 MYR, about +3% (fairly valued).
What is the fair value of 7106?
Our model-based fair value for Supermax Corporation Bhd is 0.3200 MYR (as of Aug 13, 2026), built from audited fundamentals. The current price: 0.3100 MYR.
What is the quality score of 7106?
Supermax Corporation Bhd has a Quality Score of 40/100. 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 Supermax Corporation Bhd (7106)?
Supermax Corporation Bhd reported trailing-twelve-month revenue of about 672M MYR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 7106?
The net profit margin of Supermax Corporation Bhd is about -42.5%, meaning it is currently running at a net loss. 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.

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