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TCS Group Holdings Bhd (0221) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of TCS Group Holdings Bhd stock MYR 0.06, price MYR 0.08, that is 14.7% below the price, quality 36 out of 100. Rating: overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials MY · ISIN MYQ0221OO000

TG TCS Group Holdings Bhd logo Thin data Nov 4, 2026

TCS Group Holdings Bhd

0221 · KLSE
Expensive, weak quality

Our calculation puts a fair price 15% below what the stock costs today.

Low debt
Revenue last quarter +29% vs. a year ago.
Expensive Growth (revenue 5y +8.0 %/yr in MYR)
Thin margins · 0.1% net margin (TTM)
Mixed vs. peers (5/11)
Fair value 0.0640 MYR · Overvalued
Quality 36/100
Negative free cash flow
Narrow moat 23/100 · thin data
Thin data
⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

0.5293 MYR 0.0700 MYR Fair Value 0.0640 MYR May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 0.0700 MYR – 0.5293 MYR · fair‑value band 0.0560 MYR – 0.0800 MYR · the 0.0750 MYR price screens above the 0.0640 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

TCS Group Holdings Berhad, an investment holding company, provides construction services for buildings, infrastructure, civil, and structural works in Malaysia.

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The company's services cover residential buildings, including terrace houses, bungalows, apartments, and condominiums; commercial buildings, such as shop offices, shopping complexes, and purpose-built buildings; and civil works comprising construction of roads, water and sewerage treatment plants, electrical substations, water tanks, and reticulation systems for townships.

It provides solutions harnessing natural resources; infrastructure and civil engineering work, including earthworks, roads and drainage, sewerage, wastewater and water treatment plants, highways, and bridges; design and build industrial and institutional building; piling and geotechnical services comprising bored piles, driven and jack-in-piles, and micro piles; earth retaining structure; basements structure; and soil investigation, soil and ground improvement, slope stabilization and protection, and ground anchors and steel strutting services.

In addition, the company engages in the rental of properties and transportation support activities. TCS Group Holdings Berhad was founded in 1999 and is based in Jenjarom, Malaysia.

Stock analysis

TCS Group Holdings Bhd (0221) currently trades at 0.0750 MYR, while our model-based Fair Value estimate is 0.0640 MYR, 15% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 0.0850 MYR per share, and 5 of the 14 models we run sit above the 0.0750 MYR price.

Bear case: the Earnings-Based group reads lowest at 0.0500 MYR, and 9 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.0560 MYR (bear) to 0.0800 MYR (bull), the price of 0.0750 MYR sits inside 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 36/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

TCS Group Holdings Bhd reported revenue of 356M MYR in FY2025 versus 204M MYR in FY2021, a compound +14.9%/yr. Reported net income was 2.3M MYR in FY2025, compounding −2.4%/yr from FY2021.

Key figures

Market cap 49.5M MYR (≈ $12.2M) Micro · P/S ratio 0.12 · Net margin 0.1% · Return on equity 0.4% · Return on assets (EBIT) −1.3% (5-year average) · Operating margin −0.7% · Revenue (TTM) 452M MYR · Revenue growth (YoY) +28.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).

What moves the price

The share trades about 40% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −41% fair-value upside, at −15%, 0221 screens cheaper than that median.

Fair Value models

Bear 0.0560 MYR Fair Value 0.0640 MYR Bull 0.0800 MYR
Price 0.0750 MYR · Downside -14.7%
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. 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.
Best data coverage
EPV 0.0600 MYR 0.0600 MYR 0.0700 MYR 74
ROIC Compounder 0.0600 MYR 0.0600 MYR 0.0700 MYR 72
Residual Income 0.0900 MYR 0.0900 MYR 0.0900 MYR 71
All 14 models by family
Earnings-Based
Graham-Dodd 0.0200 MYR 0.1100 MYR 0.1400 MYR 64
Lynch FV 0.0300 MYR 0.0400 MYR 0.0500 MYR 61
PEG = 1.0 0.0300 MYR 0.0400 MYR 0.0500 MYR 57
EPV 0.0600 MYR 0.0600 MYR 0.0700 MYR 74
Multiples
P/E Multiple 0.0500 MYR 0.0700 MYR 0.0900 MYR 63
P/S Multiple 0.0400 MYR 0.0600 MYR 0.0700 MYR 58
P/B Multiple 0.1400 MYR 0.1900 MYR 0.2300 MYR 55
EV/EBIT 0.0700 MYR 0.1000 MYR 0.1300 MYR 65
EV/EBITDA 0.1700 MYR 0.2300 MYR 0.3000 MYR 67
EV/Revenue 0.0400 MYR 0.0700 MYR 0.1000 MYR 52
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0700 MYR 0.0800 MYR 55
Economic Profit
Residual Income 0.0900 MYR 0.0900 MYR 0.0900 MYR 71
ROIC Compounder 0.0600 MYR 0.0600 MYR 0.0700 MYR 72
Growth Earnings
Growth-Adj P/E 0.0400 MYR 0.0600 MYR 0.0800 MYR 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 33
How much profit the company makes from its sales and capital
Quality Growth 33
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 35
Debt, balance sheet and risk of trouble
Investment 84
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 23
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−9.4%
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.
+10.8%
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.
+8.0%
Start year 2020 (pandemic)
Revenue growth 9 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.
+14.7%
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. 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.
−33.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.6%
Dividend (yield on the price)0.0%
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.−33.6% vs −15.7%, 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.10% → 1%
Pace: the 5-year rate starts in 2020 (pandemic)

0221 screens overvalued: fair value 15% below the price. Compare with Quanta Services, Inc →

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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.Engineering & Construction · 787 stocks

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −14.7% · Below median
Profitability
Return on equity (12 months) 0.4% · Bottom 25%
Return on assets 0.8% · Below median
Net margin (12 months) 0.1% · Bottom 25%
Operating margin (12 months) −0.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 28.6% · Top 25%
Balance sheet
Debt / equity 0.06× · Below median

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/B 0.57× · Cheapest 25%
P/S (12 months) 0.11× · Cheapest 25%
EV/EBITDA 7.1× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)14 · sector 33
FUTURE (revenue growth)100 · sector 20
PAST (return on equity)2 · sector 28
HEALTH (low debt)97 · sector 94
DIVIDEND (yield)0 · sector 44

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vinci SA DG €113.70 €186.68 +64% vs 0221
Comfort Systems USA, Inc FIX $1,018 $1,119 +10% vs 0221
EMCOR Group EME $608.45 $524.14 −14% vs 0221
ACS, Actividades de Construcción y Servicios, S.A ACS €87.00 €62.21 −28% vs 0221
Samsung C&T Corporation 028260 269,500 KRW 159,702 KRW −41% vs 0221
HOCHTIEF Aktiengesellschaft HOT €361.00 €203.86 −44% vs 0221
Larsen & Toubro Limited LT ₹4,185 ₹2,302 −45% vs 0221
APi Group APG $40.87 $19.20 −53% vs 0221
Ferrovial N.V FER $58.71 $23.06 −61% vs 0221
Quanta Services, Inc PWR $540.90 $162.41 −70% vs 0221

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TCS Group Holdings Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "TCS Group Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0221

Frequently asked questions

Is TCS Group Holdings Bhd (0221) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.0640 MYR versus a price of 0.0750 MYR, about 15% lower (overvalued).
What is the fair value of 0221?
Our model-based fair value for TCS Group Holdings Bhd is 0.0640 MYR (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.0750 MYR.
What is the quality score of 0221?
TCS Group Holdings Bhd has a Quality Score of 36/100. 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 TCS Group Holdings Bhd (0221)?
Our model-based price target is the fair value of 0.0640 MYR (as of Nov 4, 2026) from 14 valuation models. Cautious scenario 0.0560 MYR, optimistic scenario 0.0800 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the TCS Group Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0640 MYR, about 15% lower versus a price of 0.0750 MYR (overvalued). Cautious scenario 0.0560 MYR, optimistic scenario 0.0800 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of TCS Group Holdings Bhd (0221)?
TCS Group Holdings Bhd reported trailing-twelve-month revenue of about 452M MYR (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of TCS Group Holdings Bhd (0221)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TCS Group Holdings Bhd it is 0.0640 MYR per share (as of Nov 4, 2026), against a price of 0.0750 MYR. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is TCS Group Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 0221 trades above its calculated fair value: price 0.0750 MYR, fair value 0.0640 MYR, a gap of about −15% (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 0221?
No. The price is what the market pays today (0.0750 MYR); the fair value is what the company's own numbers justify (0.0640 MYR). For TCS Group Holdings Bhd the two are 0.0110 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is TCS Group Holdings Bhd worth?
The market values TCS Group Holdings Bhd at about 49.5M MYR (market capitalisation, as of Nov 4, 2026). Per share that is 0.0750 MYR; our models calculate a fair value of 0.0640 MYR per share.
What do the bullish and bearish scenarios say about 0221?
Our models span a range for TCS Group Holdings Bhd: cautious scenario 0.0560 MYR, base 0.0640 MYR, optimistic 0.0800 MYR per share (as of Nov 4, 2026, price 0.0750 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TCS Group Holdings Bhd (0221)?
Balance-sheet figures for TCS Group Holdings Bhd (as of Nov 4, 2026): return on equity 0.4%, debt of 0.06 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 0221 from its 52-week high?
TCS Group Holdings Bhd trades at 0.0750 MYR, about 40% below its 52-week high of 0.1250 MYR and 7% above the low of 0.0700 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0640 MYR is for.
Which stocks are comparable to TCS Group Holdings Bhd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 TCS Group Holdings Bhd stock attractive at the current price?
The data as of Nov 4, 2026: price 0.0750 MYR, calculated fair value 0.0640 MYR (−15%), Quality Score 36/100, from 14 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 0221 calculated?
We run TCS Group Holdings Bhd through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.0640 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 13.3% above its aggregate fair value. TCS Group Holdings 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 TCS Group Holdings Bhd (0221)?
The closing price on Nov 6, 2026 was 0.0750 MYR. Our model-based fair value is 0.0640 MYR, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TCS Group Holdings Bhd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of TCS Group Holdings Bhd

How large is the market capitalisation of TCS Group Holdings Bhd (0221)?
The market capitalisation of TCS Group Holdings Bhd is 49.5M MYR (≈ $12.2M). 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 TCS Group Holdings Bhd (0221)?
The price-to-sales ratio of TCS Group Holdings Bhd is 0.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of TCS Group Holdings Bhd (0221)?
The net margin of TCS Group Holdings Bhd is 0.1% (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 TCS Group Holdings Bhd (0221)?
The return on equity (ROE) of TCS Group Holdings Bhd is 0.4% (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 TCS Group Holdings Bhd (0221)?
On an EBIT basis the return on assets of TCS Group Holdings Bhd is −1.3% (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 TCS Group Holdings Bhd (0221)?
The operating margin of TCS Group Holdings Bhd is −0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TCS Group Holdings Bhd (0221)?
Revenue at TCS Group Holdings Bhd is growing +28.6% versus a year earlier (3y avg +10.8%). 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 TCS Group Holdings Bhd (0221)?
Earnings per share at TCS Group Holdings Bhd are growing −33.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TCS Group Holdings Bhd (0221) generate?
The free cash flow of TCS Group Holdings Bhd is −10.9M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TCS Group Holdings Bhd (0221) carry?
The net debt of TCS Group Holdings Bhd is 18.1M MYR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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