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Tiong Nam Logistics Holdings (8397) Fair Value & Analysis

Industrials · MY · Market cap 410M MYR

TN Tiong Nam Logistics Holdings 8397 · KLSE
Price0.8000 MYR
Fair Value1.20 MYR
Upside+50.0%
Quality48/100
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Healthy Growth
Thin margins · 3.5% net margin
Moderate debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 39/100
Evidence: High Range 0.8300 MYR – 1.71 MYR Share as image

Fair value as of: Jul 19, 2026

From 21 valuation models · updated 22 days ago

Share price +2.6% over the past month.

Below-average quality, screening 50% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.8300 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 (0.8300 MYR to 1.71 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.9415 MYR 0.5268 MYR Fair Value 1.20 MYR Feb 2021 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 0.5268 MYR – 0.9415 MYR · fair‑value band 0.8300 MYR – 1.71 MYR · the 0.8000 MYR price screens below the 1.20 MYR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Tiong Nam Logistics Holdings (8397) currently trades at 0.8000 MYR, while our model-based Fair Value estimate is 1.20 MYR, implying the stock looks roughly 50.0% undervalued today. The Quality Score stands at 48/100 (below-average 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, Tiong Nam Logistics Holdings generated revenue of 965M MYR at a net margin of 3.5%. Revenue grew 5.3% year over year. It earns a return on equity of 3.2%. Net debt stands at 1.9B MYR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.8300 MYR (bear case) to 1.71 MYR (bull case); at 0.8000 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 11% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 50%, 8397 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 0.1500 MYR 1.24 MYR 2.59 MYR 80
Residual Income 1.43 MYR 1.36 MYR 1.06 MYR 76
Rev-Margin DCF 1.01 MYR 2.48 MYR 74
All 21 models by family
DCF Models
FCF DCF 0.1300 MYR 1.38 MYR 3.03 MYR 38
5Y Revenue Exit 0.9800 MYR 2.56 MYR 39
5Y EBITDA Exit 0.7300 MYR 2.86 MYR 5.31 MYR 41
5Y P/E Exit 0.1500 MYR 38
10Y Revenue Exit 0.9200 MYR 2.37 MYR 36
10Y EBITDA Exit 0.4500 MYR 2.10 MYR 4.28 MYR 37
10Y P/E Exit 0.0100 MYR 0.7000 MYR 35
Earnings-Based
Graham-Dodd 0.4400 MYR 1.35 MYR 1.79 MYR 54
Lynch FV 0.2900 MYR 0.4100 MYR 0.5400 MYR 50
PEG = 1.0 0.2900 MYR 0.4100 MYR 0.5400 MYR 46
Multiples
P/E Multiple 1.02 MYR 1.36 MYR 1.71 MYR 63
P/S Multiple 0.8300 MYR 1.10 MYR 1.38 MYR 58
P/B Multiple 0.8300 MYR 1.10 MYR 1.38 MYR 55
EV/EBIT 0.7300 MYR 1.89 MYR 3.05 MYR 53
EV/EBITDA 1.65 MYR 3.11 MYR 4.57 MYR 54
EV/Revenue 0.5700 MYR 1.56 MYR 43
Asset-Based
NCAV (Graham) 1.05 MYR 1.40 MYR 2.10 MYR 50
Growth DCF
Growth DCF 0.1500 MYR 1.24 MYR 2.59 MYR 80
Rev-Margin DCF 1.01 MYR 2.48 MYR 74
Economic Profit
Residual Income 1.43 MYR 1.36 MYR 1.06 MYR 76
Growth Earnings
Growth-Adj P/E 0.8400 MYR 1.20 MYR 1.56 MYR 68

Widest divergence: Asset-Based (1.40 MYR) versus Earnings-Based (0.4100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 965M MYR
Revenue growth (YoY) +5.3%
Net margin 3.5%
Return on equity 3.2%
Free cash flow 161M MYR FY2026
P/E ratio 12.8
More key figures
Operating margin 21.1%
EPS (TTM) 0.0600 MYR
EPS growth (YoY) -57.0%
Net debt 1.9B MYR FY2026

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 59

Profitability 19
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 79
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tiong Nam Logistics Holdings 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.

Growth Quality 81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
965M MYR
Latest YoY
+12.6%
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.
+10.0%
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.
+9.9%
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.
+8.4%
Revenue +8.8%/yr
FY22 690M MYR
FY23 726M MYR
FY24 759M MYR
FY25 857M MYR
FY26 965M MYR
Net income +60.1%/yr
FY22 5.2M MYR
FY23 27.9M MYR
FY24 57.3M MYR
FY25 42.6M MYR
FY26 34.2M MYR

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Cite: Fair Value Calculator (2026). "Tiong Nam Logistics Holdings Fair Value". https://www.fairvalue-calculator.com/stock/8397

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 48 · Below median
Fair Value upside +50% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 21% · Top 25%
Revenue growth 5% · Above median
Debt / equity 1.32× · Higher than 75% of peers

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

P/E (TTM) 13.0× · Cheaper than median
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than median
EV/EBITDA 8.3× · Pricier 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 100 · sector 46
FUTURE 27 · sector 8
PAST 13 · sector 26
HEALTH 34 · sector 94
DIVIDEND 0 · sector 56

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 19, 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 Tiong Nam Logistics Holdings (8397) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 1.20 MYR versus a price of 0.8000 MYR, about +50% (undervalued).
What is the fair value of 8397?
Our model-based fair value for Tiong Nam Logistics Holdings is 1.20 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.8000 MYR.
What is the quality score of 8397?
Tiong Nam Logistics Holdings 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 revenue of Tiong Nam Logistics Holdings (8397)?
Tiong Nam Logistics Holdings reported trailing-twelve-month revenue of about 965M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 8397?
The net profit margin of Tiong Nam Logistics Holdings is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. 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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