Bonia Corporation (9288) Fair Value & Analysis

Consumer Cyclical · MY · Market cap 177M MYR

A solid business, but screening 18% overvalued on our models.

What matters now

• Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from 0.5400 MYR (bear) to 0.8900 MYR (bull), base 0.7100 MYR. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 60/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

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 0.6282 MYR – 2.42 MYR · fair‑value band 0.5400 MYR – 0.8900 MYR · the 0.8700 MYR price screens above the 0.7100 MYR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Bonia Corporation (9288) currently trades at 0.8700 MYR, while our model-based Fair Value estimate is 0.7100 MYR, implying the stock looks roughly 18.4% overvalued today. The Quality Score stands at 60/100 (solid 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: medium).

Over the trailing twelve months, Bonia Corporation generated revenue of 395M MYR at a net margin of 0.7%. Revenue grew 10.1% year over year. It earns a return on equity of 0.8%. Net debt stands at 20.7M MYR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.5400 MYR (bear case) to 0.8900 MYR (bull case); at 0.8700 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 25% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -18%, 9288 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.

Widest divergence: Growth DCF (2.03 MYR) versus Earnings-Based (0.2700 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Bonia Corporation Berhad, an investment holding company, engages in the designing, manufacturing, promoting, advertising, and marketing of fashionable apparel, footwear, accessories, and leather goods in Malaysia, Singapore, Indonesia, and internationally. It operates through Retailing; Manufacturing; and Investment and Property Development segments.

Full company description

Bonia Corporation Berhad, an investment holding company, engages in the designing, manufacturing, promoting, advertising, and marketing of fashionable apparel, footwear, accessories, and leather goods in Malaysia, Singapore, Indonesia, and internationally. It operates through Retailing; Manufacturing; and Investment and Property Development segments. The company offers bags, wallets, accessories, and watches; eyewear; beauty products; and ready to wear products, such as coats and jackets, cardigans and sweatshirts, dresses and skirts, pants and shorts, shirts and tops, sportswear, blazers and jackets, pants, T-shirts, shirts for men and women. It also manufactures and markets fashionable leather goods through retail stores, as well as online platforms; and other marketplaces, such as Zalora, Shopee and Lazada; as well as social commerce such as BONIA and BRAUN BUFFEL TikTok Shop. In addition, the company involved in the investment, development, and rental of commercial properties; property investment and development; provision of management and treasury management services; intellectual property management; creative design and brand management, advertising, and production; wholesale, retail, import, and export of cosmetics; and retail, import, and export of general merchandise. Further, the company engages in the general wholesale trade of home living products, and café and food and beverage establishment business. The company sells its products under Bonia, Braun Büffel, Valentino Rudy, and Santa Barbara, Mossimo, and Starter Black Label brand names. Bonia Corporation Berhad was founded in 1974 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bonia Corporation reported revenue of 377M MYR in FY2025 versus 261M MYR in FY2021, a compound +9.6%/yr. Reported net income was 6.5M MYR in FY2025, compounding −17.3%/yr from FY2021.

9288 screens 18% 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.

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Frequently asked questions

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.