Techbase Industries Berhad, an investment holding company, (8966) Fair Value & Analysis
Consumer Cyclical · MY · Market cap 18.5M MYR
Fair value as of: Jul 17, 2026
From 6 valuation models · updated 24 days ago
Fair value updated Jul 17, 2026, revised from 0.0457 MYR to 0.0463 MYR (+1.3%) since Jun 26, 2026.
Below-average quality, and screening another 16% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.0519 MYR). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 0.0500 MYR – 0.8139 MYR · fair‑value band 0.0405 MYR – 0.0519 MYR · the 0.0550 MYR price screens above the 0.0463 MYR fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Techbase Industries Berhad, an investment holding company, (8966) currently trades at 0.0550 MYR, while our model-based Fair Value estimate is 0.0463 MYR, implying the stock looks roughly 15.8% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Techbase Industries Berhad, an investment holding company, generated revenue of 197M MYR at a net margin of -40.1%. Revenue declined 12.0% year over year. It earns a return on equity of -26.9%. Net debt stands at 2.9M MYR. Fundamentals as of Jul 17, 2026
Our scenario range runs from 0.0405 MYR (bear case) to 0.0519 MYR (bull case); at 0.0550 MYR, the current price sits above 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 62% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -16%, 8966 screens richer 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.
All 6 models by family
Widest divergence: Multiples (0.9600 MYR) versus Earnings-Based (0.3600 MYR). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 23
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
Techbase Industries Berhad, an investment holding company, operates in apparel business in Malaysia, the United States, Europe, Asia, and internationally. The company operates through four segments: Apparels, Textile, Advertising, and Others.
Full company description
Techbase Industries Berhad, an investment holding company, operates in apparel business in Malaysia, the United States, Europe, Asia, and internationally. The company operates through four segments: Apparels, Textile, Advertising, and Others. It offers outerwear, tops and bottoms, and children and adult wear for running, training, performance sport, casual sportswear, gym, and yoga, as well as fabric face masks. It also manufactures fabrics, such as single and double knit, semi-jacquard, and digital knit fabrics. In addition, it offers property investment, agency, and management services, as well as advertising services on multimedia boards. Further, the company involved in the e-commerce sale of casual wear and sportswear apparels. The company was formerly known as Prolexus Berhad and changed its name to Techbase Industries Berhad in October 2023. Techbase Industries Berhad was incorporated in 1992 and is based in Kluang, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Techbase Industries Berhad, an investment holding company, reported revenue of 183M MYR in FY2024 versus 341M MYR in FY2020, a compound −14.4%/yr. Reported net income was −29.4M MYR in FY2024.
8966 screens 16% overvalued. Compare with H & M Hennes & Mauritz AB →
Peer Group
Apparel Manufacturing · 212 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.
Valuation Multiples vs Apparel Manufacturing median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HMB | kr 163.45 | kr 165.47 | +1% |
| Ralph Lauren Corporation RL | $374.08 | $224.21 | -40% |
| Moncler S.p.A MONC | €52.08 | €50.69 | -3% |
| LPP SA LPP | 19,380 PLN | 17,754 PLN | -8% |
| Bosideng International Holdings 3998 | HK$4.88 | HK$5.92 | +21% |
| Youngor Fashion Co 600177 | ¥7.57 | ¥5.59 | -26% |
| Page Industries Limited PAGEIND | ₹39,900 | ₹12,395 | -69% |
| Hla Group 600398 | ¥6.05 | ¥9.92 | +64% |
| Eclat Textile Co 1476 | 333.50 TWD | 357.81 TWD | +7% |
| Youngone Corporation 111770 | 87,600 KRW | 196,629 KRW | +124% |
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Frequently asked questions
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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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