TSH Resources Berhad (TSH) fair value: what the stock is really worth
As of Sep 21, 2026: fair value of TSH Resources Berhad S$0.86, price S$0.47, upside +85.0%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch TSH Resources Berhad for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
36‑month range 0.2437 SGD – 0.4650 SGD · fair‑value band 0.6700 SGD – 1.21 SGD · the 0.4650 SGD price screens below the 0.8600 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
Follow TSH Resources Berhad in your weekly email
Every Wednesday you see whether TSH Resources Berhad is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
TSH Resources Berhad, an investment holding company, primarily engages in oil palm cultivation and processing, and forest plantation activities in Malaysia, Indonesia, Southwest Pacific, the United States, and internationally. It operates through Palm Products and Others segments.
Show more
TSH Resources Berhad, an investment holding company, primarily engages in oil palm cultivation and processing, and forest plantation activities in Malaysia, Indonesia, Southwest Pacific, the United States, and internationally. It operates through Palm Products and Others segments. The Palm Products segment operates oil palm plantations; and manufactures and sells crude palm oil and palm kernel. The Others segment is involved in manufacturing and sale of downstream wood products; operating forest management unit; manufacturing, sale, and trading of cocoa products; and generation and supply of electricity from biomass plants. It undertakes Islamic securities transactions; trades goods; operates biogas power plant and palm oil mill; produces and supplies tree plantlets and plantables grown through tissue culture process; supplies and installs timber flooring; sub-licenses strip lock systems; and provides management services. TSH Resources Berhad was incorporated in 1979 and is based in Kuala Lumpur, Malaysia.
Stock analysis
TSH Resources Berhad (TSH) currently trades at 0.4650 SGD, while our model-based Fair Value estimate is 0.8600 SGD, implying the stock looks roughly 45.9% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 0.7800 SGD per share, and 18 of the 24 models we run sit above the 0.4650 SGD price.
Bear case: the Dividend Discount group reads lowest at 0.1500 SGD, and 6 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6700 SGD (bear) to 1.21 SGD (bull), the price of 0.4650 SGD 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 78/100 (high quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TSH Resources Berhad reported revenue of 1.1B MYR in FY2025 versus 1.2B MYR in FY2021, a compound −2.8%/yr. Reported net income was 183M MYR in FY2025, compounding +1.9%/yr from FY2021.
Key figures
Market cap 590M SGD (≈ $461M) · P/E ratio 11.6 · P/S ratio 2.00 · EPS (TTM) 0.0400 SGD · Dividend yield 10.8% · Net margin 17.2% · Return on equity 8.9% · Return on assets (EBIT) 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 85%, TSH screens cheaper than that median.
Fair Value models
Bear 0.6700 SGDFair Value 0.8600 SGDBull 1.21 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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
+4.2%
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.
−6.7%
’21
’22
’23
’24
’25
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.
+14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)10.8%
Profit margin 2021 to 2025 ⓘ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.25% → 28%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−8.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in MYR, Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −10.4% a year for the price and −0.5% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Farm Products · 284 stocks
Beats the industry median on 13/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (TTM)8.9% · Above median
Return on assets6.2% · Top 25%
Net margin (TTM)15.8% · Top 25%
Operating margin (TTM)25.1% · Top 25%
Growth and dividend
Revenue growth−25.5% · Bottom 25%
Dividend yield (TTM)10.8% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is TSH Resources Berhad (TSH) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of 0.8600 SGD versus the last price from Sep 21, 2026 of 0.4650 SGD, about +85% upside (undervalued).
What is the fair value of TSH?
Our model-based fair value for TSH Resources Berhad is 0.8600 SGD (as of Sep 28, 2026), built from audited fundamentals. Last price (from Sep 21, 2026): 0.4650 SGD.
What is the quality score of TSH?
TSH Resources Berhad has a Quality Score of 78/100. 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 TSH Resources Berhad (TSH)?
Our model-based price target is the fair value of 0.8600 SGD (as of Sep 28, 2026) from 24 valuation models. Cautious scenario 0.6700 SGD, optimistic scenario 1.21 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the TSH Resources Berhad stock forecast for 2026?
Our models put fair value at 0.8600 SGD, about +85% upside versus the last price from Sep 21, 2026 of 0.4650 SGD (undervalued). Cautious scenario 0.6700 SGD, optimistic scenario 1.21 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of TSH Resources Berhad (TSH)?
TSH Resources Berhad reported trailing-twelve-month revenue of about 990M MYR (latest available figure, as of Sep 28, 2026).
Does TSH Resources Berhad pay a dividend?
TSH Resources Berhad currently shows a dividend yield of about 10.75% relative to its recent price (as of Sep 28, 2026).
What growth is priced into TSH Resources Berhad (TSH)?
For today's price to be fair in a discounted-cash-flow model, TSH Resources Berhad would have to grow free cash flow by -8.6 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew -2.8 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of TSH use?
Our models discount TSH Resources Berhad at 9.6 %: a base by market capitalisation (small), damped by beta 0.09, country premium for Singapore. 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 TSH Resources Berhad that is -8.6 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has TSH Resources Berhad (TSH) delivered so far?
Over the past 4 years revenue at TSH Resources Berhad grew -2.8 % a year. The price currently implies -8.6 % per year free-cash-flow growth a 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 TSH Resources Berhad (TSH) growing?
The median revenue growth in the sector is +0.9 % a year. That is the yardstick for the growth priced into TSH Resources Berhad (-8.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TSH Resources Berhad (TSH)?
The free-cash-flow yield on the price is 12.77 %: that much free cash flow TSH Resources Berhad produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TSH Resources Berhad (TSH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TSH Resources Berhad it is 0.8600 SGD per share (as of Sep 28, 2026), against a price of 0.4650 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TSH Resources Berhad stock overvalued or undervalued in 2026?
As of Sep 28, 2026, TSH trades below its calculated fair value: price 0.4650 SGD, fair value 0.8600 SGD, a gap of about +85% (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 TSH?
No. The price is what the market pays today (0.4650 SGD); the fair value is what the company's own numbers justify (0.8600 SGD). For TSH Resources Berhad the two are 0.3950 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is TSH Resources Berhad worth?
The market values TSH Resources Berhad at about 590M SGD (market capitalisation, as of Sep 28, 2026). Per share that is 0.4650 SGD; our models calculate a fair value of 0.8600 SGD per share.
What do the bullish and bearish scenarios say about TSH?
Our models span a range for TSH Resources Berhad: cautious scenario 0.6700 SGD, base 0.8600 SGD, optimistic 1.21 SGD per share (as of Sep 28, 2026, price 0.4650 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TSH?
TSH Resources Berhad trades at a price-to-earnings ratio of 11.6 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.8600 SGD is built from several models across several years. Other multiples: PEG 0.7, P/B 1.0, P/S 1.9, EV/EBITDA 4.4.
What is the PEG ratio of TSH?
The PEG ratio of TSH Resources Berhad is 0.68 (P/E divided by earnings growth, as of Sep 28, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TSH Resources Berhad (TSH)?
Balance-sheet figures for TSH Resources Berhad (as of Sep 28, 2026): return on equity 8.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is TSH from its 52-week high?
TSH Resources Berhad trades at 0.4650 SGD, at its 52-week high of 0.4650 SGD and 36% above the low of 0.3419 SGD (as of Sep 21, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8600 SGD is for.
Which stocks are comparable to TSH Resources Berhad?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, 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 TSH Resources Berhad stock attractive at the current price?
The data as of Sep 28, 2026: price 0.4650 SGD, calculated fair value 0.8600 SGD (+85%), Quality Score 78/100, 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 TSH calculated?
We run TSH Resources Berhad through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.8600 SGD, 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 14.5 % above its aggregate fair value. TSH Resources Berhad currently trades 46 % 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 TSH Resources Berhad (TSH)?
The latest price we hold is from Sep 21, 2026 and stands at 0.4650 SGD. Our model-based fair value is 0.8600 SGD, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TSH Resources Berhad right now?
The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (0.6700 SGD). 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. A fairly wide model range (0.6700 SGD to 1.21 SGD) leaves room in how you read the outcome.
Key figures of TSH Resources Berhad
How large is the market capitalisation of TSH Resources Berhad (TSH)?
The market capitalisation of TSH Resources Berhad is 590M SGD (≈ $461M). 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 TSH Resources Berhad (TSH)?
The price-to-sales ratio of TSH Resources Berhad is 2.00 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TSH Resources Berhad (TSH)?
Earnings per share at TSH Resources Berhad are 0.0400 SGD (price ÷ EPS = P/E 11.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TSH Resources Berhad (TSH)?
The dividend yield of TSH Resources Berhad is 10.8% (payout 125%). 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 TSH Resources Berhad (TSH)?
The net margin of TSH Resources Berhad is 17.2% (fiscal year 2025). 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 TSH Resources Berhad (TSH)?
The return on equity (ROE) of TSH Resources Berhad is 8.9% (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 TSH Resources Berhad (TSH)?
On an EBIT basis the return on assets of TSH Resources Berhad is 8.8% (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 TSH Resources Berhad (TSH)?
The operating margin of TSH Resources Berhad is 25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TSH Resources Berhad (TSH)?
Revenue at TSH Resources Berhad is growing −25.5% versus a year earlier (3y avg −6.7%). 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 TSH Resources Berhad (TSH)?
Earnings per share at TSH Resources Berhad are growing −52.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TSH Resources Berhad (TSH) carry?
The net debt of TSH Resources Berhad is 17.0K MYR (fiscal year 2024, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch TSH Resources Berhad in the live analysis
One click puts TSH Resources Berhad on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
