TSH Resources Berhad

KLSE:TSH Stock Report

Market Cap: RM 1.7b

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 (MYR1.23) 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 Ratio17.1x
EarningsRM 99.42m
Market CapRM 1.70b

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 Average10.5x
TAANN Ta Ann Holdings Berhad
10.6x5.7%RM 1.9b
HSPLANT Hap Seng Plantations Holdings Berhad
11.3x-2.5%RM 1.6b
FAREAST Far East Holdings Berhad
11.4xn/aRM 2.2b
KRETAM Kretam Holdings Berhad
8.6xn/aRM 1.3b
TSH TSH Resources Berhad
17.1x6.9%RM 1.7b

Price-To-Earnings vs Peers: TSH is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (10.5x).

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 17.1xIndustry Avg. 11.8xNo. of Companies10PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TSH is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the MY Food industry average (11.7x).

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 Ratio17.1x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: TSH is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

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 1.23
RM 1.22
-0.5%
8.4%RM 1.35RM 1.07n/a9
Dec ’25RM 1.20
RM 1.22
+2.0%
8.4%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 0.97RM 1.208
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

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 03:21
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TSH Resources Berhad is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Huey GanAmInvestment Bank Berhad
Saffa Binti Mohd AnwarBIMB Securities Sdn. Bhd
Noorhayati Binti MaamorBIMB Securities Sdn. Bhd