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Tien Wah Press Holdings (7374) Fair Value & Analysis

Industrials · MY · Market cap 114M MYR

TW Tien Wah Press Holdings 7374 · KLSE
Price0.7250 MYR
Fair Value0.9800 MYR
Upside+35.2%
Quality51/100
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Weak Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
7.09% dividend yield
Mixed vs. peers (6/13)
Narrow moat 28/100
Evidence: High Range 0.7900 MYR – 1.31 MYR Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Share price +0.4% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.7900 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) 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)

0.9897 MYR 0.4974 MYR Fair Value 0.9800 MYR Mar 2018 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 0.4974 MYR – 0.9897 MYR · fair‑value band 0.7900 MYR – 1.31 MYR · the 0.7250 MYR price screens below the 0.9800 MYR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Tien Wah Press Holdings (7374) currently trades at 0.7250 MYR, while our model-based Fair Value estimate is 0.9800 MYR, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 51/100 (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, Tien Wah Press Holdings generated revenue of 260M MYR at a net margin of 2.1%. Revenue declined 21.5% year over year. It earns a return on equity of 2.5%. Net debt stands at 5.4M MYR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.7900 MYR (bear case) to 1.31 MYR (bull case); at 0.7250 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 15% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 35%, 7374 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 0.5800 MYR 0.7000 MYR 0.8800 MYR 80
Residual Income 1.15 MYR 1.10 MYR 0.8200 MYR 76
Rev-Margin DCF 0.7600 MYR 1.13 MYR 1.57 MYR 74
All 24 models by family
DCF Models
FCF DCF 0.5600 MYR 0.6900 MYR 0.9000 MYR 38
Owner Earnings 0.7900 MYR 0.9800 MYR 1.29 MYR 31
5Y Revenue Exit 0.7600 MYR 1.11 MYR 1.62 MYR 39
5Y EBITDA Exit 1.83 MYR 2.95 MYR 4.44 MYR 41
5Y P/E Exit 0.6600 MYR 0.9300 MYR 1.26 MYR 38
10Y Revenue Exit 0.6400 MYR 0.8700 MYR 1.10 MYR 36
10Y EBITDA Exit 1.22 MYR 1.84 MYR 2.52 MYR 37
10Y P/E Exit 0.6100 MYR 0.7700 MYR 0.9200 MYR 35
Earnings-Based
Graham-Dodd 0.3400 MYR 0.4200 MYR 0.4700 MYR 54
EPV 0.7200 MYR 0.8000 MYR 0.8600 MYR 59
Dividend Discount
Gordon GGM 0.3900 MYR 0.4200 MYR 0.4600 MYR 70
DDM Multi-Stage 0.3900 MYR 0.4500 MYR 0.5300 MYR 61
Multiples
P/E Multiple 0.7900 MYR 1.05 MYR 1.31 MYR 63
P/S Multiple 0.6400 MYR 0.8500 MYR 1.06 MYR 58
P/B Multiple 0.6400 MYR 0.8500 MYR 1.06 MYR 55
EV/EBIT 1.40 MYR 1.85 MYR 2.29 MYR 53
EV/EBITDA 3.45 MYR 4.58 MYR 5.71 MYR 54
EV/Revenue 1.02 MYR 1.43 MYR 1.84 MYR 43
Asset-Based
NCAV (Graham) 0.8800 MYR 1.18 MYR 1.76 MYR 50
Growth DCF
Growth DCF 0.5800 MYR 0.7000 MYR 0.8800 MYR 80
Rev-Margin DCF 0.7600 MYR 1.13 MYR 1.57 MYR 74
Economic Profit
Residual Income 1.15 MYR 1.10 MYR 0.8200 MYR 76
ROIC Compounder 0.7200 MYR 0.8000 MYR 0.8600 MYR 72
Growth Earnings
Growth-Adj P/E 0.5600 MYR 0.7900 MYR 1.03 MYR 68

Widest divergence: Asset-Based (1.18 MYR) versus Earnings-Based (0.4200 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 260M MYR
Revenue growth (YoY) -21.5%
Net margin 2.1%
Return on equity 2.5%
Free cash flow 10.0M MYR FY2025
P/E ratio 19.8
More key figures
Operating margin -0.6%
EPS (TTM) 0.0400 MYR
Dividend yield 7.1%
EPS growth (YoY) -57.9%
Net debt 5.4M MYR FY2021

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 40

Profitability 26
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 20
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

Tien Wah Press Holdings Berhad, an investment holding company, provides rotogravure and photolithography printing services in Singapore, Indonesia, Korea, Australasia, Malaysia, Vietnam, the Middle East, and internationally. The company offers printed cartons and labels to customers in the tobacco and other fast-moving consumer goods industries.

Full company description

Tien Wah Press Holdings Berhad, an investment holding company, provides rotogravure and photolithography printing services in Singapore, Indonesia, Korea, Australasia, Malaysia, Vietnam, the Middle East, and internationally. The company offers printed cartons and labels to customers in the tobacco and other fast-moving consumer goods industries. Its product portfolio includes flat unglued blanks; crash bottom or autolock cartons; labelled cartons; cartons with peelable labels/stickers; clamshells and trays; uv coated cartons; glued skillet cartons; multi wall cartons comprising innerframers; carton with CD inserts; and barrier coated carton for grease/moisture resistance. The company also engages in packing and packaging services; food and beverages; event management; manufacture of packing and packaging materials; trading of cigarette packaging boxes; and supply of printing products, as well as offers paper services. Tien Wah Press Holdings Berhad was founded in 1960 and is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tien Wah Press Holdings reported revenue of 274M MYR in FY2025 versus 252M MYR in FY2021, a compound +2.1%/yr. Reported net income was 7.2M MYR in FY2025, compounding +3.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
274M MYR
Latest YoY
−1.1%
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.
+3.9%
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.
−0.3%
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.
−3.0%
Revenue +2.1%/yr
FY21 252M MYR
FY22 244M MYR
FY23 270M MYR
FY24 277M MYR
FY25 274M MYR
Net income +3.7%/yr
FY21 6.3M MYR
FY22 −15.2M MYR
FY23 8.6M MYR
FY24 14.2M MYR
FY25 7.2M MYR

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Cite: Fair Value Calculator (2026). "Tien Wah Press Holdings Fair Value". https://www.fairvalue-calculator.com/stock/7374

Peer Group

Specialty Business Services · 253 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 51 · Below median
Fair Value upside +35% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 7.1% · Top 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 19.8× · Pricier than median
P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 2.8× · Cheaper than median

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 80 · sector 24
FUTURE 0 · sector 27
PAST 10 · sector 33
HEALTH 100 · sector 92
DIVIDEND 100 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

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RELX PLC RELX $33.70 $32.49 -4%
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Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Tien Wah Press Holdings (7374) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.9800 MYR versus a price of 0.7250 MYR, about +35% (undervalued).
What is the fair value of 7374?
Our model-based fair value for Tien Wah Press Holdings is 0.9800 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.7250 MYR.
What is the quality score of 7374?
Tien Wah Press Holdings has a Quality Score of 51/100. 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 Tien Wah Press Holdings (7374)?
Tien Wah Press Holdings reported trailing-twelve-month revenue of about 260M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 7374?
The net profit margin of Tien Wah Press Holdings is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Tien Wah Press Holdings pay a dividend?
Tien Wah Press Holdings currently shows a dividend yield of about 7.52% relative to its recent price (as of Jul 19, 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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