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Thriven Global Berhad, an investment holding company, (7889) Fair Value & Analysis

Real Estate · MY · Market cap 41.0M MYR

TG Thriven Global Berhad, an investment holding company, 7889 · KLSE
Price0.0750 MYR
Fair Value0.0788 MYR
Upside+5.1%
Quality40/100
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Weak Growth
Loss-making · -44.8% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 29/100
Evidence: Low Range 0.0638 MYR – 0.1088 MYR Share as image

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 0.0810 MYR to 0.0788 MYR (−2.7%) since Jun 26, 2026. Share price −6.3% over the past month.

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

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

0.2400 MYR 0.0600 MYR Fair Value 0.0788 MYR Jul 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.0600 MYR – 0.2400 MYR · fair‑value band 0.0638 MYR – 0.1088 MYR · the 0.0750 MYR price screens below the 0.0788 MYR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Thriven Global Berhad, an investment holding company, (7889) currently trades at 0.0750 MYR, while our model-based Fair Value estimate is 0.0788 MYR, implying the stock looks roughly 5.1% fairly valued today. The Quality Score stands at 40/100 (below-average quality), in the Real Estate 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, Thriven Global Berhad, an investment holding company, generated revenue of 30.6M MYR at a net margin of -44.8%. Revenue grew 247.2% year over year. It earns a return on equity of -19.1%. Net debt stands at 55.6M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.0638 MYR (bear case) to 0.1088 MYR (bull case); at 0.0750 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 32% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 5%, 7889 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) 0.0600 MYR 0.0800 MYR 0.1200 MYR 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1200 MYR 50

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Key figures & financial health

Revenue (TTM) 30.6M MYR
Revenue growth (YoY) +247%
Net margin -44.8%
Return on equity -19.1%
Free cash flow −8.5M MYR FY2025
Operating margin 30.9%
More key figures
EPS (TTM) -0.0200 MYR
Net debt 55.6M MYR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

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

Profitability 1
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 22
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

Thriven Global Berhad, an investment holding company, develops and invests in properties in Malaysia. The company operates through four segments: Property Development, Property Investment, Food and Beverages, and Investment Holding and Others. It is involved in property development, property investment, lifestyle retail, carpark, and hospitality operation.

Full company description

Thriven Global Berhad, an investment holding company, develops and invests in properties in Malaysia. The company operates through four segments: Property Development, Property Investment, Food and Beverages, and Investment Holding and Others. It is involved in property development, property investment, lifestyle retail, carpark, and hospitality operation. The company also offers hospitality, retail management, property ownership, and maintenance and facilities management services, as well as engages in food and beverage operation and parking facilities for motor vehicles. In addition, it provides car wash services; event management and food catering services; and rents and operates self-owned or leased real estate. The company was formerly known as Mulpha Land Berhad and changed its name to Thriven Global Berhad in June 2015. Thriven Global Berhad was incorporated in 1989 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thriven Global Berhad, an investment holding company, reported revenue of 19.7M MYR in FY2025 versus 85.9M MYR in FY2021, a compound −30.8%/yr. Reported net income was −20.1M MYR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
19.7M MYR
Latest YoY
−40.1%
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.
−37.6%
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.
−33.1%
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.
−5.8%
Revenue −30.8%/yr
FY21 85.9M MYR
FY22 81.0M MYR
FY23 90.8M MYR
FY24 32.9M MYR
FY25 19.7M MYR
Net income
FY21 −15.9M MYR
FY22 −6.9M MYR
FY23 −46.0M MYR
FY24 −25.8M MYR
FY25 −20.1M MYR

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Cite: Fair Value Calculator (2026). "Thriven Global Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/7889

Peer Group

Real Estate - Diversified · 137 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 37 · Bottom 25%
Fair Value upside +7% · Below median
Return on assets -3% · Bottom 25%
Net margin (TTM) -45% · Bottom 25%
Operating margin (TTM) 31% · Above median
Revenue growth 247% · Top 25%
Debt / equity 0.75× · Higher than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.33× · 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 42 · sector 46
FUTURE 100 · sector 32
PAST 0 · sector 17
HEALTH 62 · sector 75
DIVIDEND 0 · sector 45

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.

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Frequently asked questions

Is Thriven Global Berhad, an investment holding company, (7889) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.0788 MYR versus a price of 0.0750 MYR, about +5% (fairly valued).
What is the fair value of 7889?
Our model-based fair value for Thriven Global Berhad, an investment holding company, is 0.0788 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.0750 MYR.
What is the quality score of 7889?
Thriven Global Berhad, an investment holding company, 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 Thriven Global Berhad, an investment holding company, (7889)?
Thriven Global Berhad, an investment holding company, reported trailing-twelve-month revenue of about 30.6M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 7889?
The net profit margin of Thriven Global Berhad, an investment holding company, is about -44.8%, 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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