White Horse Berhad (5009.KL)

Malaysia · Materials · MYR

Key financials

ROE: -1.32%; 2025 (actual)
ROA: -1.05%; 2025 (actual)
Gross Margin: 17.13%; 2025 (actual)
Net Margin: -1.93%; 2025 (actual)
Total Assets: MYR 670.85M; 2025 (actual)
Net Income: -MYR 7.33M; 2025 (actual)
Valuation: MYR 138.68M; 2026 (forecast)
Stock Price: MYR 0.63; 2026 (forecast)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026 (forecast)	2027	2028	2029	2030	2031
ROE	-1.32%	-1.51%	-1.13%	-1.22%	-1.27%	-1.16%	-1.21%
Sector average	-	2.25%	-0.8%	8.05%	-3.21%	8.68%	2.3%
ROA	-1.05%	-1.23%	-0.93%	-1%	-1.04%	-0.95%	-0.99%
Sector average	-	1.11%	0.67%	0.11%	-0.28%	-0.48%	-0.73%

Amounts in MYR (millions); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2026. Projections are model estimates, not investment advice.

Want the full financial forecast report for White Horse Berhad? It covers the balance sheet, income statement and Equlion model projections.

Net Margin	-1.93%	-2.42%	-1.85%	-2.02%	-2.12%	-1.98%	-2.12%
Sector average	-	-7.34%	-6.75%	-6.79%	-6.9%	-6.8%	-6.75%

Total Assets	MYR 670.85M	MYR 658.34M	MYR 650.45M	MYR 642.84M	MYR 635.15M	MYR 627.24M	MYR 619.16M
Sector average	-	MYR 1,714.78M	MYR 1,772.88M	MYR 1,806.55M	MYR 1,836.10M	MYR 1,878.37M	MYR 1,849.47M

Net Income	-MYR 7.33M	-MYR 8.19M	-MYR 6.06M	-MYR 6.45M	-MYR 6.64M	-MYR 5.98M	-MYR 6.15M
Sector average	-	MYR 27.74M	MYR 35.98M	MYR 32.93M	MYR 30.27M	MYR 30.90M	MYR 42.87M

Valuation	-	MYR 138.68M	MYR 102.61M	MYR 109.18M	MYR 112.39M	MYR 101.22M	MYR 104.18M
Sector average	-	MYR 1,373.35M	MYR 947.30M	MYR 862.60M	MYR 1,033.11M	MYR 1,035.70M	MYR 1,421.34M

Stock Price	-	MYR 0.63	MYR 0.47	MYR 0.50	MYR 0.51	MYR 0.46	MYR 0.47
Sector average	-	MYR 0.68	MYR 0.67	MYR 0.69	MYR 0.71	MYR 0.73	MYR 0.81