TSH Resources Berhad

KLSE:TSH Stock Report

Market Cap: RM 1.6b

TSH Resources Berhad Valuation

Is TSH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TSH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSH (MYR1.16) is trading below our estimate of fair value (MYR3.15)

Significantly Below Fair Value: TSH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSH?

Key metric: As TSH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TSH. This is calculated by dividing TSH's market cap by their current earnings.
What is TSH's PE Ratio?
PE Ratio16.1x
EarningsRM 99.42m
Market CapRM 1.60b

Price to Earnings Ratio vs Peers

How does TSH's PE Ratio compare to its peers?

The above table shows the PE ratio for TSH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.2x
HSPLANT Hap Seng Plantations Holdings Berhad
11.9x-2.5%RM 1.7b
FAREAST Far East Holdings Berhad
11xn/aRM 2.1b
TAANN Ta Ann Holdings Berhad
11.4x6.5%RM 1.9b
KRETAM Kretam Holdings Berhad
10.4xn/aRM 1.4b
TSH TSH Resources Berhad
16.1x6.9%RM 1.6b

Price-To-Earnings vs Peers: TSH is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (11.2x).

Price to Earnings Ratio vs Industry

How does TSH's PE Ratio compare vs other companies in the MY Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TSH 16.1xIndustry Avg. 13.3xNo. of Companies10PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TSH is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the MY Food industry average (13.3x).

Price to Earnings Ratio vs Fair Ratio

What is TSH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TSH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: TSH is expensive based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TSH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.16
RM 1.22
+5.1%
8.0%RM 1.35RM 1.07n/a9
Nov ’25RM 1.08
RM 1.17
+8.0%
6.2%RM 1.30RM 1.07n/a9
Oct ’25RM 1.11
RM 1.17
+5.1%
6.2%RM 1.30RM 1.07n/a9
Sep ’25RM 1.15
RM 1.17
+1.4%
6.2%RM 1.30RM 1.07n/a9
Aug ’25RM 1.19
RM 1.17
-2.1%
11.7%RM 1.37RM 1.00n/a8
Jul ’25RM 1.23
RM 1.17
-4.6%
10.9%RM 1.37RM 1.00n/a8
Jun ’25RM 1.05
RM 1.17
+11.8%
10.9%RM 1.37RM 1.00n/a8
May ’25RM 1.14
RM 1.10
-3.3%
8.7%RM 1.30RM 1.00n/a8
Apr ’25RM 1.13
RM 1.10
-2.4%
8.7%RM 1.30RM 1.00n/a8
Mar ’25RM 1.06
RM 1.10
+4.0%
8.7%RM 1.30RM 1.00n/a8
Feb ’25RM 1.02
RM 1.09
+6.9%
8.7%RM 1.30RM 0.97n/a8
Jan ’25RM 0.97
RM 1.09
+11.8%
8.7%RM 1.30RM 0.97n/a8
Dec ’24RM 0.98
RM 1.09
+10.7%
8.7%RM 1.30RM 0.97n/a8
Nov ’24RM 0.95
RM 1.02
+6.4%
4.4%RM 1.10RM 0.96RM 1.087
Oct ’24RM 0.99
RM 1.02
+2.6%
4.4%RM 1.10RM 0.96RM 1.117
Sep ’24RM 1.01
RM 1.02
+0.6%
4.4%RM 1.10RM 0.96RM 1.157
Aug ’24RM 1.03
RM 1.05
+1.5%
5.4%RM 1.10RM 0.94RM 1.197
Jul ’24RM 0.92
RM 1.04
+13.2%
5.2%RM 1.10RM 0.94RM 1.238
Jun ’24RM 0.94
RM 1.06
+13.1%
6.5%RM 1.19RM 0.94RM 1.059
May ’24RM 1.03
RM 1.18
+14.9%
11.3%RM 1.35RM 0.94RM 1.149
Apr ’24RM 1.02
RM 1.18
+16.0%
11.3%RM 1.35RM 0.94RM 1.139
Mar ’24RM 1.05
RM 1.18
+12.7%
11.3%RM 1.35RM 0.94RM 1.069
Feb ’24RM 1.11
RM 1.21
+9.4%
12.2%RM 1.48RM 1.01RM 1.029
Jan ’24RM 1.07
RM 1.17
+8.9%
16.2%RM 1.48RM 0.85RM 0.979
Dec ’23RM 1.15
RM 1.17
+1.4%
16.2%RM 1.48RM 0.85RM 0.989
Nov ’23RM 1.06
RM 1.37
+29.0%
27.3%RM 1.90RM 0.85RM 0.958

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Teo Seng Capital Berhad

RM 687.5m

An investment holding company, primarily engages in poultry farming business in Malaysia, Singapore, and internationally.

TEOSENG

RM 2.31

7D

-5.7%

1Y

36.7%

Carlsberg Brewery Malaysia Berhad

RM 6.2b

Produces, distributes, and markets beer, stout, cider, shandy, liquor, and non-alcoholic beverages in Malaysia, Singapore, and internationally.

CARLSBG

RM 20.40

7D

-0.4%

1Y

2.9%

Hap Seng Plantations Holdings Berhad

RM 1.7b

An investment holding company, operates as an oil palm plantation company in Malaysia.

HSPLANT

RM 2.08

7D

1.0%

1Y

15.6%