Bonia Corporation Bhd (9288) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bonia Corporation Bhd stock MYR 1.29, price MYR 0.80, upside +62.3%, quality 64 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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 3, 2026.
How to read this chart
60‑month range 0.6632 MYR – 2.37 MYR · fair‑value band 0.8800 MYR – 1.69 MYR · the 0.7950 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 3, 2026.
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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.
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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.
Stock analysis
Bonia Corporation Bhd (9288) currently trades at 0.7950 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 2.94 MYR per share, and 16 of the 24 models we run sit above the 0.7950 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.1450 MYR, and 8 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8800 MYR (bear) to 1.69 MYR (bull), the price of 0.7950 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 64/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Bonia Corporation Bhd reported revenue of 396M MYR in FY2026 versus 369M MYR in FY2022, a compound +1.7%/yr. Reported net income was 7.7M MYR in FY2026, compounding −35.6%/yr from FY2022.
Key figures
Market cap 160M MYR (≈ $39.4M) Micro · P/E ratio 19.9 · P/S ratio 0.56 · EPS (TTM) 0.0400 MYR · Dividend yield 5.0% · Net margin 2.0% · Return on equity 2.3% · Return on assets (EBIT) 7.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −7% fair-value upside, at 62%, 9288 screens cheaper than that median.
Fair Value models
Bear0.8800 MYRFair Value 1.29 MYRBull1.69 MYR
Price 0.7950 MYR · Upside +62.3%
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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.9%
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.
−2.3%
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.
+8.7%
Start year 2021 (pandemic). Over 10 years: −5.1% a year
Revenue growth 14 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.
−2.7%
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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.
−6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.0%
Dividend (yield on the price)5.0%
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.−11.0% vs −12.5%, steady
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.9% → 7%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 4.8%/yr over ~9Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−37.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −38.3% a year for the price.
Price, fair value, quality and upside side by side.
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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.Apparel Manufacturing · 213 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside+62.3% · Above median
Profitability
Return on equity (12 months)2.3% · Below median
Return on assets1.5% · Below median
Net margin (12 months)2.7% · Below median
Operating margin (12 months)−3.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.4% · Below median
Dividend yield (12 months)5.0% · Above median
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bonia Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9288
Frequently asked questions
Is Bonia Corporation Bhd (9288) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 1.29 MYR versus a price of 0.7950 MYR, about +62% upside (undervalued).
What is the fair value of 9288?
Our model-based fair value for Bonia Corporation Bhd is 1.29 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.7950 MYR.
What is the quality score of 9288?
Bonia Corporation Bhd has a Quality Score of 64/100. 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 Bonia Corporation Bhd (9288)?
Our model-based price target is the fair value of 1.29 MYR (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 0.8800 MYR, optimistic scenario 1.69 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bonia Corporation Bhd stock forecast for 2026?
Our models put fair value at 1.29 MYR, about +62% upside versus a price of 0.7950 MYR (undervalued). Cautious scenario 0.8800 MYR, optimistic scenario 1.69 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Bonia Corporation Bhd (9288)?
Bonia Corporation Bhd reported trailing-twelve-month revenue of about 396M MYR (latest available figure, as of Nov 3, 2026).
Does Bonia Corporation Bhd pay a dividend?
Bonia Corporation Bhd currently shows a dividend yield of 5.03% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Bonia Corporation Bhd (9288) and when is the ex-dividend date?
Bonia Corporation Bhd pays a dividend of 0.04 MYR per share a year, a dividend yield of 5.0%. The last ex-dividend date was Sep 14, 2026. A dividend has been paid every year since 2019. The payout ratio is 100% of earnings. Free cash flow covers the dividend 9.34 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Bonia Corporation Bhd (9288)?
For today's price to be fair in a discounted-cash-flow model, Bonia Corporation Bhd would have to grow free cash flow by -37.1 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.7 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 9288 use?
Our models discount Bonia Corporation Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.38, 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 Bonia Corporation Bhd that is -37.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Bonia Corporation Bhd (9288) delivered so far?
Over the past 5 years revenue at Bonia Corporation Bhd grew +8.7 % a year. The price currently implies free-cash-flow growth of -37.1 % 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 Bonia Corporation Bhd (9288) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Bonia Corporation Bhd (-37.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bonia Corporation Bhd (9288)?
The free-cash-flow yield on the price is 47.01 %: that much free cash flow Bonia Corporation Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bonia Corporation Bhd (9288)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bonia Corporation Bhd it is 1.29 MYR per share (as of Nov 3, 2026), against a price of 0.7950 MYR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Bonia Corporation Bhd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 9288 trades below its calculated fair value: price 0.7950 MYR, fair value 1.29 MYR, a gap of about +62% (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 9288?
No. The price is what the market pays today (0.7950 MYR); the fair value is what the company's own numbers justify (1.29 MYR). For Bonia Corporation Bhd the two are 0.4950 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bonia Corporation Bhd worth?
The market values Bonia Corporation Bhd at about 160M MYR (market capitalisation, as of Nov 3, 2026). Per share that is 0.7950 MYR; our models calculate a fair value of 1.29 MYR per share.
What do the bullish and bearish scenarios say about 9288?
Our models span a range for Bonia Corporation Bhd: cautious scenario 0.8800 MYR, base 1.29 MYR, optimistic 1.69 MYR per share (as of Nov 3, 2026, price 0.7950 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9288?
Bonia Corporation Bhd trades at a price-to-earnings ratio of 19.9 (as of Nov 3, 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 0.6, EV/EBITDA 4.0.
How solid is the balance sheet of Bonia Corporation Bhd (9288)?
Balance-sheet figures for Bonia Corporation Bhd (as of Nov 3, 2026): return on equity 2.3%, debt of 0.15 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 9288 from its 52-week high?
Bonia Corporation Bhd trades at 0.7950 MYR, about 15% below its 52-week high of 0.9300 MYR and 4% above the low of 0.7637 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 Bonia Corporation Bhd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 Bonia Corporation Bhd stock attractive at the current price?
The data as of Nov 3, 2026: price 0.7950 MYR, calculated fair value 1.29 MYR (+62%), Quality Score 64/100, from 24 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 9288 calculated?
We run Bonia Corporation Bhd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, 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. Bonia Corporation 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 Bonia Corporation Bhd (9288)?
The closing price on Nov 6, 2026 was 0.7950 MYR. Our model-based fair value is 1.29 MYR, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bonia Corporation Bhd right now?
The price is below even our cautious bear case (0.8800 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.8800 MYR to 1.69 MYR) leaves room in how you read the outcome.
Key figures of Bonia Corporation Bhd
How large is the market capitalisation of Bonia Corporation Bhd (9288)?
The market capitalisation of Bonia Corporation Bhd is 160M MYR (≈ $39.4M). 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 Bonia Corporation Bhd (9288)?
The price-to-sales ratio of Bonia Corporation Bhd is 0.56 (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 Bonia Corporation Bhd (9288)?
Earnings per share at Bonia Corporation Bhd are 0.0400 MYR (price ÷ EPS = P/E 19.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bonia Corporation Bhd (9288)?
The dividend yield of Bonia Corporation Bhd is 5.0% (payout 100%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bonia Corporation Bhd (9288)?
The net margin of Bonia Corporation Bhd is 2.0% (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 Bonia Corporation Bhd (9288)?
The return on equity (ROE) of Bonia Corporation Bhd is 2.3% (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 Bonia Corporation Bhd (9288)?
On an EBIT basis the return on assets of Bonia Corporation Bhd is 7.8% (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 Bonia Corporation Bhd (9288)?
The operating margin of Bonia Corporation Bhd is −3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bonia Corporation Bhd (9288)?
Revenue at Bonia Corporation Bhd is growing +0.4% versus a year earlier (3y avg −2.3%). 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 Bonia Corporation Bhd (9288)?
Earnings per share at Bonia Corporation Bhd are growing +0.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bonia Corporation Bhd (9288) carry?
The net debt of Bonia Corporation Bhd is 20.7M MYR (fiscal year 2018, ≈ 0.3 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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Thin data
Nov 3, 2026