Thong Guan Industries Berhad

KLSE:TGUAN Stock Report

Market Cap: RM 598.4m

Thong Guan Industries Berhad Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 TGUAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TGUAN (MYR1.49) is trading below our estimate of fair value (MYR1.53)

Significantly Below Fair Value: TGUAN is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TGUAN. This is calculated by dividing TGUAN's market cap by their current earnings.
What is TGUAN's PE Ratio?
PE Ratio8.8x
EarningsRM 68.08m
Market CapRM 598.44m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TGUAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.7x
BPPLAS BP Plastics Holding Bhd
12.8x19.5%RM 343.4m
SLP SLP Resources Berhad
25.6x16.4%RM 285.3m
PPHB Public Packages Holdings Berhad
4.3xn/aRM 221.4m
MASTER Master-Pack Group Berhad
8.2xn/aRM 194.4m
TGUAN Thong Guan Industries Berhad
8.8x16.5%RM 598.4m

Price-To-Earnings vs Peers: TGUAN is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (12.7x).

Price to Earnings Ratio vs Industry

How does TGUAN's PE Ratio compare vs other companies in the Asian Packaging Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TGUAN 8.8xIndustry Avg. 18.0xNo. of Companies34PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TGUAN is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Asian Packaging industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is TGUAN'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.

TGUAN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: TGUAN is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 TGUAN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.49
RM 2.63
+76.2%
1.7%RM 2.67RM 2.58n/a2
Dec ’25RM 1.52
RM 2.63
+72.7%
1.7%RM 2.67RM 2.58n/a2
Nov ’25RM 1.51
RM 2.74
+81.1%
2.4%RM 2.80RM 2.67n/a2
Oct ’25RM 1.61
RM 2.74
+69.9%
2.4%RM 2.80RM 2.67n/a2
Sep ’25RM 1.66
RM 2.74
+64.8%
2.4%RM 2.80RM 2.67n/a2
Aug ’25RM 1.84
RM 2.77
+50.3%
3.4%RM 2.86RM 2.67n/a2
Jul ’25RM 1.95
RM 2.76
+41.5%
2.8%RM 2.86RM 2.67n/a3
Jun ’25RM 2.09
RM 2.76
+32.1%
2.8%RM 2.86RM 2.67n/a3
May ’25RM 2.06
RM 2.78
+35.1%
2.0%RM 2.86RM 2.74n/a3
Apr ’25RM 1.85
RM 2.78
+50.5%
2.0%RM 2.86RM 2.74n/a3
Mar ’25RM 1.88
RM 2.78
+48.0%
2.0%RM 2.86RM 2.74n/a3
Feb ’25RM 1.91
RM 2.78
+45.7%
2.0%RM 2.86RM 2.74n/a3
Jan ’25RM 1.88
RM 2.81
+49.2%
2.0%RM 2.86RM 2.75n/a2
Aug ’24RM 2.04
RM 3.14
+53.7%
2.7%RM 3.22RM 3.05RM 1.842
Jul ’24RM 2.14
RM 3.14
+46.5%
2.7%RM 3.22RM 3.05RM 1.952
Jun ’24RM 2.24
RM 3.14
+40.0%
2.7%RM 3.22RM 3.05RM 2.092
May ’24RM 2.28
RM 3.17
+38.8%
3.6%RM 3.28RM 3.05RM 2.062
Apr ’24RM 2.30
RM 3.17
+37.6%
3.6%RM 3.28RM 3.05RM 1.852
Mar ’24RM 2.24
RM 3.17
+41.3%
3.6%RM 3.28RM 3.05RM 1.882
Dec ’23RM 2.46
RM 4.27
+73.4%
6.4%RM 4.54RM 3.99RM 1.872

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 08:34
End of Day Share Price 2024/12/30 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

Thong Guan Industries Berhad is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shafiq KadirCGS International
Min-Tze ChuaKenanga Research
Hock Lon ChiaRHB Investment Bank