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BTM Resources Berhad, an investment holding company, (7188) Fair Value & Analysis

Basic Materials · MY · Market cap 44.0M MYR

BR BTM Resources Berhad, an investment holding company, 7188 · KLSE
Price0.0300 MYR
Fair Value0.0263 MYR
Upside-12.3%
Quality29/100
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Weak Growth
Loss-making · -189.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 8/100
Evidence: Low Range 0.0263 MYR – 0.0298 MYR Share as image

Fair value as of: Jul 19, 2026

From 1 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from 0.0280 MYR to 0.0263 MYR (−6.1%) since Jun 26, 2026. Share price −14.3% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • The models converge in a tight band (0.0263 MYR to 0.0298 MYR), unusually little disagreement for a valuation.
  • 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)

0.2507 MYR 0.0250 MYR Fair Value 0.0263 MYR Sep 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.0250 MYR – 0.2507 MYR · fair‑value band 0.0263 MYR – 0.0298 MYR · the 0.0300 MYR price screens above the 0.0263 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

BTM Resources Berhad, an investment holding company, (7188) currently trades at 0.0300 MYR, while our model-based Fair Value estimate is 0.0263 MYR, implying the stock looks roughly 12.3% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Basic Materials 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: low).

Trailing-twelve-month revenue stands at 6.1M MYR. Revenue grew 279.4% year over year. Net debt stands at 1.5M MYR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.0263 MYR (bear case) to 0.0298 MYR (bull case); at 0.0300 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 25% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -12%, 7188 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) 0.0200 MYR 0.0300 MYR 0.0400 MYR 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.0200 MYR 0.0300 MYR 0.0400 MYR 50

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Key figures & financial health

Revenue (TTM) 6.1M MYR
Revenue growth (YoY) +165%
Net margin -189%
Return on equity -2,450%
Free cash flow −6.8M MYR FY2024
Operating margin -64.6%
More key figures
Net debt 1.5M MYR FY2022

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 34 · Market factors (momentum, volatility) 37

Profitability 0
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 40
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

BTM Resources Berhad, an investment holding company, engages in the manufacturing and sale of timber products and wood pellets in Malaysia, Australia, the United States, Korea, and Singapore. The company is involved in the logging; sawmilling; trading in sawn timbers, plywood, and logs; timber molding; and kiln-drying operations.

Full company description

BTM Resources Berhad, an investment holding company, engages in the manufacturing and sale of timber products and wood pellets in Malaysia, Australia, the United States, Korea, and Singapore. The company is involved in the logging; sawmilling; trading in sawn timbers, plywood, and logs; timber molding; and kiln-drying operations. BTM Resources Berhad was incorporated in 1994 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

BTM Resources Berhad, an investment holding company, reported revenue of 9.1M MYR in FY2024 versus 8.4M MYR in FY2020, a compound +2.1%/yr. Reported net income was −17.2M MYR in FY2024.

Growth Quality 1/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
9.1M MYR
Latest YoY
+26.7%
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.
+4.4%
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.
−0.7%
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.
−2.7%
Revenue +2.1%/yr
FY20 8.4M MYR
FY21 8.0M MYR
FY22 8.3M MYR
FY23 7.2M MYR
FY24 9.1M MYR
Net income
FY20 −4.2M MYR
FY21 −6.1M MYR
FY22 −7.7M MYR
FY23 −19.9M MYR
FY24 −17.2M MYR

7188 screens 12% overvalued. Compare with Simpson Manufacturing Co →

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Cite: Fair Value Calculator (2026). "BTM Resources Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/7188

Peer Group

Lumber & Wood Production · 76 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 34 · Bottom 25%
Fair Value upside +0% · Above median
Return on assets -5% · Bottom 25%
Net margin (TTM) -189% · Bottom 25%
Operating margin (TTM) -65% · Bottom 25%
Revenue growth 165% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/B 0.20× · Cheaper than median
P/S (TTM) 1.77× · Pricier 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.

VALUE 33 · sector 16
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 100 · sector 92
DIVIDEND 0 · sector 32

Insider activity: 30/100

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

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Frequently asked questions

Is BTM Resources Berhad, an investment holding company, (7188) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.0263 MYR versus a price of 0.0300 MYR, about −12% (overvalued).
What is the fair value of 7188?
Our model-based fair value for BTM Resources Berhad, an investment holding company, is 0.0263 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.0300 MYR.
What is the quality score of 7188?
BTM Resources 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 BTM Resources Berhad, an investment holding company, (7188)?
BTM Resources Berhad, an investment holding company, reported trailing-twelve-month revenue of about 6.1M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 7188?
The net profit margin of BTM Resources Berhad, an investment holding company, is about -189.3%, 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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