Tiong Nam Logistics Holdings Bhd (8397) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Tiong Nam Logistics Holdings Bhd stock MYR 1.29, price MYR 0.80, upside +61.3%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 0.5268 MYR – 0.9415 MYR · fair‑value band 0.8400 MYR – 2.20 MYR · the 0.8000 MYR price screens below the 1.29 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Tiong Nam Logistics Holdings Berhad, an investment holding company, trades in diesel and petrol in Malaysia. The company operates in four segments: Logistics and Warehousing Services, Investment, Property development, and Dormitory.
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It provides container haulage; cross-border and heavy transportation services; trucking and crane services; integrated logistics services; logistics solutions comprising comprehensive warehouse facilities and management; and trucking services, including general, cross-border, and heavy haulage, as well as air and sea freight forwarding, and last-mile delivery for e-commerce.
The company also offers transportation and related services, such as forwarding, handling, forklifts services, labour, repairs, loading and unloading services.
In addition, it provides coldroom facilities; stuffing and unstuffing; project management; custom clearance and related services, telephone, postages, and travelling charges; mobile cranes; and warehousing services, property investment, property development, and property letting services.
Further, the company develops industrial and commercial parks; sells canvas; purchases tyres and accessories; repairs and maintains lorries that includes smash repairs; and rents warehouses and showrooms, offices, and service centres.
Additionally, it engages in leasing of trucks; provision of courier transport, and public bonded warehousing and distribution services; administrative and commission agency activities; hostel management and related services; trading and distributing of food groceries; storage and management of empty containers; and acts as general sales agent for air, land, and sea logistics activities.
The company serves domestic and multinational corporations in sectors, such as food and beverage, information technology, electrical and electronics, and the automotive industry. Tiong Nam Logistics Holdings Berhad was founded in 1975 and is headquartered in Johor Bahru, Malaysia.
Stock analysis
Tiong Nam Logistics Holdings Bhd (8397) currently trades at 0.8000 MYR, while our model-based Fair Value estimate is 1.29 MYR, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1.55 MYR per share, and 16 of the 20 models we run sit above the 0.8000 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.4100 MYR, and 4 of the 20 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8400 MYR (bear) to 2.20 MYR (bull), the price of 0.8000 MYR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tiong Nam Logistics Holdings Bhd reported revenue of 965M MYR in FY2026 versus 690M MYR in FY2022, a compound +8.8%/yr. Reported net income was 34.2M MYR in FY2026, compounding +60.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 421M MYR (≈ $104M) Micro · P/E ratio 10.0 · P/S ratio 0.42 · EPS (TTM) 0.0800 MYR · Net margin 4.3% · Return on equity 4.8% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 19.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 11% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 61%, 8397 screens cheaper than that median.
Fair Value models
Bear0.8400 MYRFair Value 1.29 MYRBull2.20 MYR
Price 0.8000 MYR · Upside +61.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (0.0489 MYR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
Start year 2021 (pandemic). Over 10 years: +5.4% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +45.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +45.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 45.0% / −8.8%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 15%
⚠ Base effect: the rate starts in the earnings trough around 2021 (starting value 0.010 per share, median 0.11 in 2016 to 2019). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +9.9% a year for the price.
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Peer Groupⓘ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.Integrated Freight & Logistics · 210 stocks
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Cite: Fair Value Calculator (2026). "Tiong Nam Logistics Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/8397
Frequently asked questions
Is Tiong Nam Logistics Holdings Bhd (8397) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1.29 MYR versus a price of 0.8000 MYR, about +61% upside (undervalued).
What is the fair value of 8397?
Our model-based fair value for Tiong Nam Logistics Holdings Bhd is 1.29 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.8000 MYR.
What is the quality score of 8397?
Tiong Nam Logistics Holdings Bhd has a Quality Score of 48/100. 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 price target for Tiong Nam Logistics Holdings Bhd (8397)?
Our model-based price target is the fair value of 1.29 MYR (as of Nov 7, 2026) from 22 valuation models. Cautious scenario 0.8400 MYR, optimistic scenario 2.20 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Tiong Nam Logistics Holdings Bhd stock forecast for 2026?
Our models put fair value at 1.29 MYR, about +61% upside versus a price of 0.8000 MYR (undervalued). Cautious scenario 0.8400 MYR, optimistic scenario 2.20 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Tiong Nam Logistics Holdings Bhd (8397)?
Tiong Nam Logistics Holdings Bhd reported trailing-twelve-month revenue of about 997M MYR (latest available figure, as of Nov 7, 2026).
What growth is priced into Tiong Nam Logistics Holdings Bhd (8397)?
For today's price to be fair in a discounted-cash-flow model, Tiong Nam Logistics Holdings Bhd would have to grow free cash flow by +12.1 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 8397 use?
Our models discount Tiong Nam Logistics Holdings Bhd at 12.6 %: a base by market capitalisation (micro), damped by beta 0.27, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tiong Nam Logistics Holdings Bhd that is +12.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Tiong Nam Logistics Holdings Bhd (8397) delivered so far?
Over the past 5 years revenue at Tiong Nam Logistics Holdings Bhd grew +9.9 % a year. The price currently implies free-cash-flow growth of +12.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tiong Nam Logistics Holdings Bhd (8397) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Tiong Nam Logistics Holdings Bhd (+12.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tiong Nam Logistics Holdings Bhd (8397)?
The free-cash-flow yield on the price is 33.82 %: that much free cash flow Tiong Nam Logistics Holdings Bhd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tiong Nam Logistics Holdings Bhd (8397)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tiong Nam Logistics Holdings Bhd it is 1.29 MYR per share (as of Nov 7, 2026), against a price of 0.8000 MYR. It is the blended result of 22 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tiong Nam Logistics Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 8397 trades below its calculated fair value: price 0.8000 MYR, fair value 1.29 MYR, a gap of about +61% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 8397?
No. The price is what the market pays today (0.8000 MYR); the fair value is what the company's own numbers justify (1.29 MYR). For Tiong Nam Logistics Holdings Bhd the two are 0.4900 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tiong Nam Logistics Holdings Bhd worth?
The market values Tiong Nam Logistics Holdings Bhd at about 421M MYR (market capitalisation, as of Nov 7, 2026). Per share that is 0.8000 MYR; our models calculate a fair value of 1.29 MYR per share.
What do the bullish and bearish scenarios say about 8397?
Our models span a range for Tiong Nam Logistics Holdings Bhd: cautious scenario 0.8400 MYR, base 1.29 MYR, optimistic 2.20 MYR per share (as of Nov 7, 2026, price 0.8000 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8397?
Tiong Nam Logistics Holdings Bhd trades at a price-to-earnings ratio of 10.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.29 MYR is built from several models across several years. Other multiples: P/B 0.4, P/S 0.4, EV/EBITDA 9.0.
How solid is the balance sheet of Tiong Nam Logistics Holdings Bhd (8397)?
Balance-sheet figures for Tiong Nam Logistics Holdings Bhd (as of Nov 7, 2026): return on equity 4.8%, debt of 1.32 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 8397 from its 52-week high?
Tiong Nam Logistics Holdings Bhd trades at 0.8000 MYR, about 6% below its 52-week high of 0.8500 MYR and 11% above the low of 0.7200 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.29 MYR is for.
Which stocks are comparable to Tiong Nam Logistics Holdings Bhd?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tiong Nam Logistics Holdings Bhd stock attractive at the current price?
The data as of Nov 7, 2026: price 0.8000 MYR, calculated fair value 1.29 MYR (+61%), Quality Score 48/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 8397 calculated?
We run Tiong Nam Logistics Holdings Bhd through 22 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1.29 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Tiong Nam Logistics Holdings Bhd currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tiong Nam Logistics Holdings Bhd (8397)?
The closing price on Nov 6, 2026 was 0.8000 MYR. Our model-based fair value is 1.29 MYR, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tiong Nam Logistics Holdings Bhd right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.8400 MYR). The market is more pessimistic than our downside scenario. The model range is unusually wide (0.8400 MYR to 2.20 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Tiong Nam Logistics Holdings Bhd
How large is the market capitalisation of Tiong Nam Logistics Holdings Bhd (8397)?
The market capitalisation of Tiong Nam Logistics Holdings Bhd is 421M MYR (≈ $104M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tiong Nam Logistics Holdings Bhd (8397)?
The price-to-sales ratio of Tiong Nam Logistics Holdings Bhd is 0.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tiong Nam Logistics Holdings Bhd (8397)?
Earnings per share at Tiong Nam Logistics Holdings Bhd are 0.0800 MYR (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tiong Nam Logistics Holdings Bhd (8397)?
The net margin of Tiong Nam Logistics Holdings Bhd is 4.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tiong Nam Logistics Holdings Bhd (8397)?
The return on equity (ROE) of Tiong Nam Logistics Holdings Bhd is 4.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tiong Nam Logistics Holdings Bhd (8397)?
On an EBIT basis the return on assets of Tiong Nam Logistics Holdings Bhd is 2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tiong Nam Logistics Holdings Bhd (8397)?
The operating margin of Tiong Nam Logistics Holdings Bhd is 19.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tiong Nam Logistics Holdings Bhd (8397)?
Revenue at Tiong Nam Logistics Holdings Bhd is growing +13.8% versus a year earlier (3y avg +10.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tiong Nam Logistics Holdings Bhd (8397)?
Earnings per share at Tiong Nam Logistics Holdings Bhd are growing +236% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tiong Nam Logistics Holdings Bhd (8397) carry?
The net debt of Tiong Nam Logistics Holdings Bhd is 1.9B MYR (fiscal year 2026, ≈ 13.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026