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FM Global Logistics Holdings (7210) Fair Value & Analysis

Industrials · MY · Market cap 332M MYR

FG FM Global Logistics Holdings 7210 · KLSE
Price0.5850 MYR
Fair Value0.9638 MYR
Upside+64.8%
Quality62/100
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Healthy Growth
Thin margins · 3.6% net margin
Low debt · generates free cash flow
7.56% dividend yield
Ranks above peers (12/14)
Narrow moat 38/100
Evidence: High Range 0.7249 MYR – 1.20 MYR Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 16, 2026, revised from 1.17 MYR to 0.9638 MYR (−17.6%) since Jun 25, 2026. Share price −1.7% over the past month.

A solid business, screening 65% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.7249 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.7813 MYR 0.3599 MYR Fair Value 0.9638 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.3599 MYR – 0.7813 MYR · fair‑value band 0.7249 MYR – 1.20 MYR · the 0.5850 MYR price screens below the 0.9638 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

FM Global Logistics Holdings (7210) currently trades at 0.5850 MYR, while our model-based Fair Value estimate is 0.9638 MYR, implying the stock looks roughly 64.8% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, FM Global Logistics Holdings generated revenue of 914M MYR at a net margin of 3.6%. Revenue declined 4.0% year over year. It earns a return on equity of 8.1%. Net debt stands at 94.5M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.7249 MYR (bear case) to 1.20 MYR (bull case); at 0.5850 MYR, the current price sits below 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 3% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 65%, 7210 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
Growth DCF 1.02 MYR 1.55 MYR 2.29 MYR 80
Residual Income 0.6000 MYR 0.6200 MYR 0.6300 MYR 76
Rev-Margin DCF 0.9200 MYR 1.50 MYR 2.22 MYR 74
All 26 models by family
DCF Models
FCF DCF 1.02 MYR 1.61 MYR 2.46 MYR 38
Owner Earnings 0.8100 MYR 1.27 MYR 1.94 MYR 31
5Y Revenue Exit 0.9200 MYR 1.51 MYR 2.27 MYR 39
5Y EBITDA Exit 1.27 MYR 2.19 MYR 3.31 MYR 41
5Y P/E Exit 0.8700 MYR 1.41 MYR 1.99 MYR 38
10Y Revenue Exit 0.9200 MYR 1.45 MYR 2.20 MYR 36
10Y EBITDA Exit 1.15 MYR 1.90 MYR 2.96 MYR 37
10Y P/E Exit 0.9200 MYR 1.39 MYR 1.99 MYR 35
Earnings-Based
Graham-Dodd 0.3800 MYR 1.51 MYR 2.05 MYR 54
Lynch FV 0.3700 MYR 0.5400 MYR 0.7000 MYR 50
PEG = 1.0 0.3700 MYR 0.5400 MYR 0.7000 MYR 46
EPV 0.5700 MYR 0.6500 MYR 0.7100 MYR 59
Dividend Discount
Gordon GGM 0.4300 MYR 0.7700 MYR 1.06 MYR 70
DDM Multi-Stage 0.4300 MYR 0.7000 MYR 0.8200 MYR 61
Multiples
P/E Multiple 0.8800 MYR 1.17 MYR 1.46 MYR 63
P/S Multiple 0.7100 MYR 0.9500 MYR 1.18 MYR 58
P/B Multiple 0.7100 MYR 0.9500 MYR 1.18 MYR 55
EV/EBIT 1.26 MYR 1.68 MYR 2.10 MYR 53
EV/EBITDA 1.58 MYR 2.11 MYR 2.64 MYR 54
EV/Revenue 0.8900 MYR 1.28 MYR 1.67 MYR 43
Asset-Based
NCAV (Graham) 0.3800 MYR 0.5100 MYR 0.7600 MYR 50
Growth DCF
Growth DCF 1.02 MYR 1.55 MYR 2.29 MYR 80
Rev-Margin DCF 0.9200 MYR 1.50 MYR 2.22 MYR 74
Economic Profit
Residual Income 0.6000 MYR 0.6200 MYR 0.6300 MYR 76
ROIC Compounder 0.5700 MYR 0.6500 MYR 0.7100 MYR 72
Growth Earnings
Growth-Adj P/E 0.6600 MYR 0.9400 MYR 1.23 MYR 68

Widest divergence: Growth DCF (1.50 MYR) versus Asset-Based (0.5100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 914M MYR
Revenue growth (YoY) -4.0%
Net margin 3.6%
Return on equity 8.1%
Free cash flow 57.4M MYR FY2025
P/E ratio 9.8
More key figures
Operating margin 6.2%
EPS (TTM) 0.0600 MYR
Dividend yield 7.6%
EPS growth (YoY) +6.0%
Net debt 94.5M MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 63 · Market factors (momentum, volatility) 67

Profitability 46
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
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

FM Global Logistics Holdings Berhad, together with its subsidiaries, provides multi-modal freight services in Malaysia, Australia, Indonesia, Thailand, Vietnam, India, Singapore, the United States, the Philippines, and China.

Full company description

FM Global Logistics Holdings Berhad, together with its subsidiaries, provides multi-modal freight services in Malaysia, Australia, Indonesia, Thailand, Vietnam, India, Singapore, the United States, the Philippines, and China. The company offers sea freight services, including import and export services for less than container load and full container load shipments; air freight inbound and outbound services; and road freight services, such container haulage, conventional trucking, and cross-border trucking solutions. It also provides customs brokerage and clearance; 3PL services comprising customized warehousing, temperature-controlled and cold-chain facilities, bonded and non-bonded storage options, and covered and mechanized loading bays, as well as 24/7 security, CCTV, and in-rack sprinklers for fire control; e-fulfilment solutions; specialized logistics services for non-standard goods, which include dangerous goods, fragile items, and sensitive or high-value shipments; business-to-business and last mile distribution and deliveries; and project management. In addition, the company owns and operates a fleet of 142 trucks, 189 prime movers, and 806 trailers, as well as 1,300,000 square feet of bonded and non-bonded warehouses. It serves fast moving consumer electrical and electronics goods, manufacturing, healthcare, oil and gas, medical and pharmaceutical, food and beverage, electrical and electronics, and retail industries. The company was formerly known as Freight Management Holdings Bhd and changed its name to FM Global Logistics Holdings Berhad in December 2021. FM Global Logistics Holdings Berhad was incorporated in 1988 and is headquartered in Port Klang, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FM Global Logistics Holdings reported revenue of 953M MYR in FY2025 versus 763M MYR in FY2021, a compound +5.7%/yr. Reported net income was 31.1M MYR in FY2025, compounding +3.6%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
953M MYR
Latest YoY
+16.6%
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.
−6.2%
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.
+11.6%
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.
+8.6%
Revenue +5.7%/yr
FY21 763M MYR
FY22 1.2B MYR
FY23 948M MYR
FY24 817M MYR
FY25 953M MYR
Net income +3.6%/yr
FY21 27.0M MYR
FY22 45.6M MYR
FY23 42.0M MYR
FY24 30.9M MYR
FY25 31.1M MYR

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Cite: Fair Value Calculator (2026). "FM Global Logistics Holdings Fair Value". https://www.fairvalue-calculator.com/stock/7210

Peer Group

Integrated Freight & Logistics · 218 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 62 · Top 25%
Fair Value upside +65% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 7.6% · Top 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 0.19× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 1.4× · 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.

VALUE 100 · sector 46
FUTURE 0 · sector 8
PAST 33 · sector 26
HEALTH 88 · sector 94
DIVIDEND 100 · sector 56

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is FM Global Logistics Holdings (7210) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.9638 MYR versus a price of 0.5850 MYR, about +65% (undervalued).
What is the fair value of 7210?
Our model-based fair value for FM Global Logistics Holdings is 0.9638 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.5850 MYR.
What is the quality score of 7210?
FM Global Logistics Holdings has a Quality Score of 62/100. 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 FM Global Logistics Holdings (7210)?
FM Global Logistics Holdings reported trailing-twelve-month revenue of about 914M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 7210?
The net profit margin of FM Global Logistics Holdings is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does FM Global Logistics Holdings pay a dividend?
FM Global Logistics Holdings currently shows a dividend yield of about 7.63% relative to its recent price (as of Jul 16, 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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