Frontken Corporation Bhd (0128) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Frontken Corporation Bhd stock MYR 3.58, price MYR 4.72, that is 24.2% below the price, quality 57 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 6, 2026.
How to read this chart
60‑month range 2.00 MYR – 5.37 MYR · fair‑value band 2.68 MYR – 4.46 MYR · the 4.72 MYR price screens above the 3.58 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Frontken Corporation Berhad, an investment holding company, provides surface treatment, and mechanical and chemical engineering works in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia.
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The company offers precision cleaning and surface treatment of vacuum processes equipment parts in the semiconductors and TFT industries; decontamination of newly manufactured parts and routine maintenance, and kit management of semiconductor manufacturing components; Surface treatment services, which include thermal spray coatings, arc spray coatings, precision anodization , and precision texturing and polishing; protection, lifetime extension, performance and efficiency improvements via advance surface treatment technology, such as cold build up treatment, plating, plating and conversion coating, and specialized plasma transferred arc welding; equipment maintenance and overhaul, mechanical fitting and assembly, dynamic balancing, heat treatment, on site machining, metal stitching, and laser alignment.
The company is also involved in the business of turbo machinery technical engineering services; and surface treatment and advanced precision cleaning for the thin film transistor - liquid crystal display and semi-conductor industries.
Frontken Corporation Berhad was founded in 1996 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
Frontken Corporation Bhd (0128) currently trades at 4.72 MYR, while our model-based Fair Value estimate is 3.58 MYR, 24% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2.03 MYR per share, and 0 of the 26 models we run sit above the 4.72 MYR price.
Bear case: the Asset-Based group reads lowest at 0.4000 MYR, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2.68 MYR (bear) to 4.46 MYR (bull), the price of 4.72 MYR sits above 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 57/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Frontken Corporation Bhd reported revenue of 608M MYR in FY2025 versus 450M MYR in FY2021, a compound +7.8%/yr. Reported net income was 154M MYR in FY2025, compounding +10.2%/yr from FY2021.
Key figures
Market cap 8.4B MYR (≈ $2.1B) Mid · P/E ratio 42.9 · P/S ratio 12.0 · EPS (TTM) 0.1100 MYR · Dividend yield 0.4% · Net margin 25.9% · Return on equity 14.9% · Return on assets (EBIT) 19.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 80 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −24%, 0128 screens richer than that median.
Fair Value models
Bear2.68 MYRFair Value 3.58 MYRBull4.46 MYR
Price 4.72 MYR · Downside -24.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0769 MYR per share) are deliberately not added.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.Coverage ⓘCoverage = 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.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.8%
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.
+5.5%
Revenue growth 5 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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +8.0% a year
Revenue growth 19 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.
+11.8%
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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. Basis: EBIT basis. 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.
+14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.1% vs 22.8%, slowing
Profit margin 2020 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.31% → 37%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+24.9%
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.
+15.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +22.5% a year for the price and +13.1% for the forecasts.
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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.Specialty Business Services · 230 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−24.2% · Below median
Profitability
Return on equity (12 months)14.9% · Above median
Return on assets11.9% · Top 25%
Net margin (12 months)25.9% · Top 25%
Operating margin (12 months)39.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.5% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Specialty Business Services 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.
Cite: Fair Value Calculator (2026). "Frontken Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0128
Frequently asked questions
Is Frontken Corporation Bhd (0128) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 3.58 MYR versus a price of 4.72 MYR, about 24% lower (overvalued).
What is the fair value of 0128?
Our model-based fair value for Frontken Corporation Bhd is 3.58 MYR (as of Nov 6, 2026), built from audited fundamentals. The current price: 4.72 MYR.
What is the quality score of 0128?
Frontken Corporation Bhd has a Quality Score of 57/100. 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 Frontken Corporation Bhd (0128)?
Our model-based price target is the fair value of 3.58 MYR (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 2.68 MYR, optimistic scenario 4.46 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Frontken Corporation Bhd stock forecast for 2026?
Our models put fair value at 3.58 MYR, about 24% lower versus a price of 4.72 MYR (overvalued). Cautious scenario 2.68 MYR, optimistic scenario 4.46 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Frontken Corporation Bhd (0128)?
Frontken Corporation Bhd reported trailing-twelve-month revenue of about 695M MYR (latest available figure, as of Nov 6, 2026).
Does Frontken Corporation Bhd pay a dividend?
Frontken Corporation Bhd currently shows a dividend yield of 0.42% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Frontken Corporation Bhd (0128) and when is the ex-dividend date?
Frontken Corporation Bhd pays a dividend of 0.02 MYR per share a year, a dividend yield of 0.4%. The last ex-dividend date was Aug 21, 2026. A dividend has been paid every year since 2017. The payout ratio is 18.2% of earnings. Free cash flow covers the dividend 4.71 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Frontken Corporation Bhd (0128)?
For today's price to be fair in a discounted-cash-flow model, Frontken Corporation Bhd would have to grow free cash flow by +24.9 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 0128 use?
Our models discount Frontken Corporation Bhd at 9.9 %: a base by market capitalisation (mid), damped by beta 0.60, country premium for Malaysia. 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 Frontken Corporation Bhd that is +24.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Frontken Corporation Bhd (0128) delivered so far?
Over the past 5 years revenue at Frontken Corporation Bhd grew +10.5 % a year. The price currently implies free-cash-flow growth of +24.9 % per 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 Frontken Corporation Bhd (0128) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Frontken Corporation Bhd (+24.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Frontken Corporation Bhd (0128)?
The free-cash-flow yield on the price is 2.06 %: that much free cash flow Frontken Corporation Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Frontken Corporation Bhd (0128)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Frontken Corporation Bhd it is 3.58 MYR per share (as of Nov 6, 2026), against a price of 4.72 MYR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Frontken Corporation Bhd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 0128 trades above its calculated fair value: price 4.72 MYR, fair value 3.58 MYR, a gap of about −24% (overvalued). 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 0128?
No. The price is what the market pays today (4.72 MYR); the fair value is what the company's own numbers justify (3.58 MYR). For Frontken Corporation Bhd the two are 1.14 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Frontken Corporation Bhd worth?
The market values Frontken Corporation Bhd at about 8.4B MYR (market capitalisation, as of Nov 6, 2026). Per share that is 4.72 MYR; our models calculate a fair value of 3.58 MYR per share.
What do the bullish and bearish scenarios say about 0128?
Our models span a range for Frontken Corporation Bhd: cautious scenario 2.68 MYR, base 3.58 MYR, optimistic 4.46 MYR per share (as of Nov 6, 2026, price 4.72 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0128?
Frontken Corporation Bhd trades at a price-to-earnings ratio of 42.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.58 MYR is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 45.5. Other multiples: PEG 1.1, P/B 8.1, P/S 12.0, EV/EBITDA 29.9.
What is the PEG ratio of 0128?
The PEG ratio of Frontken Corporation Bhd is 1.11 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Frontken Corporation Bhd (0128)?
Balance-sheet figures for Frontken Corporation Bhd (as of Nov 6, 2026): return on equity 14.9%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 0128 from its 52-week high?
Frontken Corporation Bhd trades at 4.72 MYR, about 12% below its 52-week high of 5.37 MYR and 29% above the low of 3.67 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.58 MYR is for.
Which stocks are comparable to Frontken Corporation Bhd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Frontken Corporation Bhd stock attractive at the current price?
The data as of Nov 6, 2026: price 4.72 MYR, calculated fair value 3.58 MYR (−24%), Quality Score 57/100, from 26 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 0128 calculated?
We run Frontken Corporation Bhd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3.58 MYR builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Frontken Corporation Bhd itself currently trades above fair value. 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 Frontken Corporation Bhd (0128)?
The closing price on Nov 6, 2026 was 4.72 MYR. Our model-based fair value is 3.58 MYR, about 24% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Frontken Corporation Bhd right now?
The price sits above even our optimistic bull case (4.46 MYR). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Frontken Corporation Bhd (0128) come from?
Earnings per share at Frontken Corporation Bhd grew +26.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.3 %, EBIT margin +15.6 %, tax rate +0.4 %, residual (interest, one-offs) +2.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Frontken Corporation Bhd
How large is the market capitalisation of Frontken Corporation Bhd (0128)?
The market capitalisation of Frontken Corporation Bhd is 8.4B MYR (≈ $2.1B). 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 Frontken Corporation Bhd (0128)?
The price-to-sales ratio of Frontken Corporation Bhd is 12.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Frontken Corporation Bhd (0128)?
Earnings per share at Frontken Corporation Bhd are 0.1100 MYR (price ÷ EPS = P/E 42.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Frontken Corporation Bhd (0128)?
The dividend yield of Frontken Corporation Bhd is 0.4% (payout 18.2%). 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 Frontken Corporation Bhd (0128)?
The net margin of Frontken Corporation Bhd is 25.9% (last twelve months). 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 Frontken Corporation Bhd (0128)?
The return on equity (ROE) of Frontken Corporation Bhd is 14.9% (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 Frontken Corporation Bhd (0128)?
On an EBIT basis the return on assets of Frontken Corporation Bhd is 19.8% (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 Frontken Corporation Bhd (0128)?
The operating margin of Frontken Corporation Bhd is 39.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Frontken Corporation Bhd (0128)?
Revenue at Frontken Corporation Bhd is growing +19.5% versus a year earlier (3y avg +5.5%). 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 Frontken Corporation Bhd (0128)?
Earnings per share at Frontken Corporation Bhd are growing +28.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Frontken Corporation Bhd (0128) hold?
Frontken Corporation Bhd holds more cash than debt, 480M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026