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Wang-Zheng Berhad, an investment holding company, (7203) Fair Value & Analysis

Basic Materials · MY · Market cap 64.3M MYR

WZ Wang-Zheng Berhad, an investment holding company, 7203 · KLSE
Price0.3350 MYR
Fair Value0.5600 MYR
Upside+67.2%
Quality48/100
Mixed Growth
Loss-making · -0.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 25/100
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Evidence: Medium Range 0.3600 MYR – 0.7600 MYR Share as image

Fair value as of: Jul 20, 2026

From 9 valuation models · updated 10 days ago

Share price −11.8% over the past month.

What matters now

  • The price is below even our cautious bear case (0.3600 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.3600 MYR to 0.7600 MYR) leaves room in how you read the outcome.

Price vs Fair Value (12 months)

0.4200 MYR 0.3300 MYR Fair Value 0.5600 MYR Jul 2025 Jul 2026

12‑month range 0.3300 MYR – 0.4200 MYR · fair‑value band 0.3600 MYR – 0.7600 MYR · the 0.3350 MYR price screens below the 0.5600 MYR fair value. As of Jul 20, 2026.

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Analysis

Wang-Zheng Berhad, an investment holding company, (7203) currently trades at 0.3350 MYR, while our model-based Fair Value estimate is 0.5600 MYR, implying the stock looks roughly 67.2% undervalued today. We read business quality at 48/100 (below-average quality), in the Basic Materials 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: medium), always confirm before acting.

Over the trailing twelve months, Wang-Zheng Berhad, an investment holding company, generated revenue of 290M MYR at a net margin of -0.7%. Revenue declined 16.0% year over year. It earns a return on equity of -1.0%. Net debt stands at 6.3M MYR. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.3600 MYR (bear case) to 0.7600 MYR (bull case); at 0.3350 MYR, the current price sits below that range. The share trades about 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -8% fair-value upside, at 67%, 7203 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 290M MYR
Revenue growth (YoY) -16.0%
Net margin -0.7%
Return on equity -1.0%
Free cash flow 3.9M MYR FY2025
Operating margin 9.5%
More key figures
EPS (TTM) -0.0100 MYR
EPS growth (YoY) +1,130%
Net debt 6.3M MYR FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100
Profitability 24
Quality Growth 46
Cashflow 16
Fin. Strength 81
Investment 99
Low Volatility 79
Momentum 26
52W Momentum 8
Net Issuance 78

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

Wang-Zheng Berhad, an investment holding company, engages in the manufacture, processing, and distribution of fiber-based products in Malaysia, rest of Asia, Africa, and Oceania. It operates through three segments: Processed Papers Products, Disposable Fibre-Based Products, and Investment Holding and Others.

Full company description

Wang-Zheng Berhad, an investment holding company, engages in the manufacture, processing, and distribution of fiber-based products in Malaysia, rest of Asia, Africa, and Oceania. It operates through three segments: Processed Papers Products, Disposable Fibre-Based Products, and Investment Holding and Others. The company offers disposable fiber-based products, including disposable adult and baby diapers, tissue products, cotton jumbo rolls, facial cotton, cotton bud, and other cotton-related products; and processed papers. It also provides paper products, such as wood-free paper, art paper, box board, one-side and two-side art card, non-carbonless paper, sticker paper, newsprint, colour card and colour board, colour wood-free paper, photocopy paper, other printing grades; and consumer items comprising hair shampoo, shower cream, baby oil, and hair gel. In addition, the company is involved in importing, exporting, trading, and procurement of personal hygiene products, and papers and related products; and provision of sales and marketing, and supply chain management services. It sells its products under the P.Love, Carina, Drypro, Dryplus, Q basics, Carefeel, Cosmex, Kuali, and Incontrol brand names through hypermarkets, supermarkets, pharmaceutical and medical halls, departmental stores, and personal care stores. The company serves publishing and printing companies. The company was incorporated in 2003 and is based in Shah Alam, Malaysia. Wang-Zheng Berhad is a subsidiary of Hengan (Malaysia) Investments Company Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wang-Zheng Berhad, an investment holding company, reported revenue of 303M MYR in FY2025 versus 225M MYR in FY2021, a compound +7.7%/yr. Reported net income was −7.6M MYR in FY2025.

Revenue +7.7%/yr
FY21 225M MYR
FY22 268M MYR
FY23 282M MYR
FY24 309M MYR
FY25 303M MYR
Net income
FY21 7.7M MYR
FY22 6.5M MYR
FY23 6.7M MYR
FY24 1.1M MYR
FY25 −7.6M MYR

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Cite: Fair Value Calculator (2026). "Wang-Zheng Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/7203

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 100 / 26
FUTURE 0 / 8
PAST 0 / 13
HEALTH 100 / 91
DIVIDEND 0 / 43

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.05 R$12.20 -28%
UPM-Kymmene Oyj UPMKF $29.33 $17.60 -40%
Suzano S.A SUZB3 R$41.45 R$84.96 +105%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAA kr 100.00 kr 25.43 -75%
Shandong Sunpaper Co 002078 ¥13.24 ¥9.88 -25%
Holmen AB HLMMF $35.72 $32.71 -8%
Mondi plc MNODF $9.70 $8.41 -13%
Oji Holdings OJIPY $55.39 $61.84 +12%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.04 HK$8.99 +28%
Empresas CMPC S.A CMPC 1,048 CLP 2,317 CLP +121%

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Frequently asked questions

Is Wang-Zheng Berhad, an investment holding company, (7203) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.5600 MYR versus a price of 0.3350 MYR, about +67% (undervalued).
What is the fair value of 7203?
Our model-based fair value for Wang-Zheng Berhad, an investment holding company, is 0.5600 MYR (as of Jul 20, 2026), built from audited fundamentals. The current price is 0.3350 MYR.
What is the quality score of 7203?
Wang-Zheng Berhad, an investment holding company, has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Wang-Zheng Berhad, an investment holding company, (7203)?
Wang-Zheng Berhad, an investment holding company, reported trailing-twelve-month revenue of about 290M MYR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 7203?
The net profit margin of Wang-Zheng Berhad, an investment holding company, is about -0.7%, 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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