MN Holdings Berhad (0245) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MN Holdings Berhad stock MYR 3.57, price MYR 3.82, that is 6.5% below the price, quality 55 out of 100. Rating: fairly valued. 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 9, 2026.
How to read this chart
54‑month range 0.1946 MYR – 4.01 MYR · fair‑value band 2.20 MYR – 5.71 MYR · the 3.82 MYR price screens above the 3.57 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow MN Holdings Berhad in your weekly email
Every Wednesday you see whether MN Holdings Berhad is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
MN Holdings Berhad, an investment holding company, provides underground utilities engineering and substation engineering services and solutions in Malaysia.
Show moreShow less
The company procures, supplies, delivers, installs, lays, constructs, tests, commissions, inspects, repairs, and maintains power and auxiliary cables, and accessories for electricity transmission and distribution; telecommunication and fiber optic network for fixed and mobile telephony services; sewerage pipelines for transportation of sewage; and drainage pipelines for transportation of water.
It is also involved in the design and establishment of indoor and outdoor electrical substations, structural and civil construction for medium and high voltage power substations, medium and high voltage underground cabling, and overhead line systems for transmission and distribution lines; and project management, construction, installation, testing, and commissioning of medium and high voltage power substations, medium and high voltage underground cabling systems, and overhead line systems for transmission and distribution lines.
In addition, the company distributes power control systems and components for substations; and provides pipe jacking and aerial bundled cable engineering services and solutions. The company serves power, gas, sewerage, and telecommunications industries.
MN Holdings Berhad was founded in 2007 and is headquartered in Subang Jaya, Malaysia.
Stock analysis
MN Holdings Berhad (0245) currently trades at 3.82 MYR, while our model-based Fair Value estimate is 3.57 MYR, so the stock looks roughly fairly valued today (gap 7.0%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 6.10 MYR per share, and 12 of the 26 models we run sit above the 3.82 MYR price.
Bear case: the Asset-Based group reads lowest at 0.5400 MYR, and 14 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.20 MYR (bear) to 5.71 MYR (bull), the price of 3.82 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 55/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
MN Holdings Berhad reported revenue of 869M MYR in FY2026 versus 104M MYR in FY2022, a compound +70.0%/yr. Reported net income was 92.1M MYR in FY2026, compounding +102.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.5B MYR (≈ $621M) Small · P/E ratio 27.7 · P/S ratio 2.90 · EPS (TTM) 0.1381 MYR · Dividend yield 0.0% · Net margin 10.6% · Return on equity 31.9% · Return on assets (EBIT) 15.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 163% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −7%, 0245 screens cheaper than that median.
Fair Value models
Bear2.20 MYRFair Value 3.57 MYRBull5.71 MYR
Price 3.82 MYR · Downside -6.5%
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 2026 figures (about 4 months old). Earnings retained since then (0.0470 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.
Best data coverage
FCF DCF2.51 MYR3.50 MYR6.48 MYR75
EPV1.79 MYR1.99 MYR2.15 MYR74
Growth DCF2.37 MYR3.85 MYR6.16 MYR74
All 26 models by family
DCF Models
FCF DCF2.51 MYR3.50 MYR6.48 MYR75
Owner Earnings2.15 MYR4.10 MYR7.70 MYR70
5Y Revenue Exit2.20 MYR3.52 MYR6.26 MYR68
5Y EBITDA Exit2.43 MYR3.98 MYR7.00 MYR70
5Y P/E Exit2.48 MYR4.99 MYR8.40 MYR66
10Y Revenue Exit2.25 MYR4.38 MYR5.69 MYR64
10Y EBITDA Exit2.47 MYR4.83 MYR8.87 MYR63
10Y P/E Exit2.50 MYR4.92 MYR8.85 MYR59
Earnings-Based
Graham-Dodd0.9100 MYR6.31 MYR8.86 MYR61
Lynch FV3.26 MYR4.66 MYR6.06 MYR59
PEG = 1.03.26 MYR4.66 MYR6.06 MYR55
EPV1.79 MYR1.99 MYR2.15 MYR74
Dividend Discount
Gordon GGM0.0100 MYR0.0100 MYR0.0200 MYR64
DDM Multi-Stage0.0100 MYR0.0100 MYR0.0100 MYR65
Multiples
P/E Multiple2.10 MYR2.80 MYR3.50 MYR63
P/S Multiple1.70 MYR2.26 MYR2.83 MYR58
P/B Multiple1.60 MYR2.13 MYR2.67 MYR55
EV/EBIT2.59 MYR3.45 MYR4.32 MYR66
EV/EBITDA2.03 MYR2.70 MYR3.38 MYR67
EV/Revenue1.58 MYR2.26 MYR2.94 MYR53
Asset-Based
NCAV (Graham)0.3600 MYR0.5400 MYR0.6800 MYR54
Growth DCF
Growth DCF2.37 MYR3.85 MYR6.16 MYR74
Rev-Margin DCF2.39 MYR3.97 MYR7.28 MYR67
Economic Profit
Residual Income0.7500 MYR1.15 MYR2.52 MYR67
ROIC Compounder2.01 MYR2.54 MYR3.12 MYR70
Growth Earnings
Growth-Adj P/E4.27 MYR6.10 MYR7.93 MYR65
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+60.8%
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.
+74.2%
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.
+49.8%
Start year 2021 (pandemic)
Revenue growth 8 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.
+42.3%
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in MYR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+71.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+71.3%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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% → 16%
2026 sits 284% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
+14.4%
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.
+17.2%
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 +12.2% a year for the price and +14.9% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 791 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−6.5% · Below median
Profitability
Return on equity (12 months)31.9% · Top 25%
Return on assets13.0% · Top 25%
Net margin (12 months)10.6% · Top 25%
Operating margin (12 months)16.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)14.7% · Above median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)27.7× · Priciest 25%
P/B6.56× · Priciest 25%
P/S (12 months)2.90× · Priciest 25%
Price / free cash flow (fiscal year)22.8× · Pricier than median
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.
Is MN Holdings Berhad (0245) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 3.57 MYR versus a price of 3.82 MYR, about 7% lower (fairly valued).
What is the fair value of 0245?
Our model-based fair value for MN Holdings Berhad is 3.57 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 3.82 MYR.
What is the quality score of 0245?
MN Holdings Berhad has a Quality Score of 55/100. 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 MN Holdings Berhad (0245)?
Our model-based price target is the fair value of 3.57 MYR (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 2.20 MYR, optimistic scenario 5.71 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the MN Holdings Berhad stock forecast for 2026?
Our models put fair value at 3.57 MYR, about 7% lower versus a price of 3.82 MYR (fairly valued). Cautious scenario 2.20 MYR, optimistic scenario 5.71 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of MN Holdings Berhad (0245)?
MN Holdings Berhad reported trailing-twelve-month revenue of about 869M MYR (latest available figure, as of Nov 9, 2026).
Does MN Holdings Berhad pay a dividend?
MN Holdings Berhad currently shows a dividend yield of 0.02% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of MN Holdings Berhad (0245)?
MN Holdings Berhad has a dividend yield of 0.0%.
What growth is priced into MN Holdings Berhad (0245)?
For today's price to be fair in a discounted-cash-flow model, MN Holdings Berhad would have to grow free cash flow by +14.4 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +49.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 0245 use?
Our models discount MN Holdings Berhad at 11.1 %: a base by market capitalisation (small), damped by beta 0.50, 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 MN Holdings Berhad that is +14.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has MN Holdings Berhad (0245) delivered so far?
Over the past 5 years revenue at MN Holdings Berhad grew +49.8 % a year. The price currently implies free-cash-flow growth of +14.4 % 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 MN Holdings Berhad (0245) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into MN Holdings Berhad (+14.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MN Holdings Berhad (0245)?
The free-cash-flow yield on the price is 4.38 %: that much free cash flow MN Holdings Berhad produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MN Holdings Berhad (0245)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MN Holdings Berhad it is 3.57 MYR per share (as of Nov 9, 2026), against a price of 3.82 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 MN Holdings Berhad stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 0245 trades above its calculated fair value: price 3.82 MYR, fair value 3.57 MYR, a gap of about −7% (fairly valued). 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 0245?
No. The price is what the market pays today (3.82 MYR); the fair value is what the company's own numbers justify (3.57 MYR). For MN Holdings Berhad the two are 0.2483 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is MN Holdings Berhad worth?
The market values MN Holdings Berhad at about 2.5B MYR (market capitalisation, as of Nov 9, 2026). Per share that is 3.82 MYR; our models calculate a fair value of 3.57 MYR per share.
What do the bullish and bearish scenarios say about 0245?
Our models span a range for MN Holdings Berhad: cautious scenario 2.20 MYR, base 3.57 MYR, optimistic 5.71 MYR per share (as of Nov 9, 2026, price 3.82 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0245?
MN Holdings Berhad trades at a price-to-earnings ratio of 27.7 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.57 MYR is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2022 to 2026), reported earnings, FY2026 ex one-offs: 17.4. Other multiples: P/B 6.6, P/S 2.9, EV/EBITDA 17.1.
How solid is the balance sheet of MN Holdings Berhad (0245)?
Balance-sheet figures for MN Holdings Berhad (as of Nov 9, 2026): return on equity 31.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 0245 from its 52-week high?
MN Holdings Berhad trades at 3.82 MYR, about 5% below its 52-week high of 4.01 MYR and 163% above the low of 1.45 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.57 MYR is for.
Which stocks are comparable to MN Holdings Berhad?
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 MN Holdings Berhad stock attractive at the current price?
The data as of Nov 9, 2026: price 3.82 MYR, calculated fair value 3.57 MYR (−7%), Quality Score 55/100, 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 0245 calculated?
We run MN Holdings Berhad 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 3.57 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. MN Holdings Berhad 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 MN Holdings Berhad (0245)?
The closing price on Nov 6, 2026 was 3.82 MYR. Our model-based fair value is 3.57 MYR, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MN Holdings Berhad right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (2.20 MYR to 5.71 MYR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of MN Holdings Berhad
How large is the market capitalisation of MN Holdings Berhad (0245)?
The market capitalisation of MN Holdings Berhad is 2.5B MYR (≈ $621M). 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 MN Holdings Berhad (0245)?
The price-to-sales ratio of MN Holdings Berhad is 2.90 (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 MN Holdings Berhad (0245)?
Earnings per share at MN Holdings Berhad are 0.1381 MYR (price ÷ EPS = P/E 27.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MN Holdings Berhad (0245)?
The dividend yield of MN Holdings Berhad is 0.0% (payout 0.6%). 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 MN Holdings Berhad (0245)?
The net margin of MN Holdings Berhad is 10.6% (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 MN Holdings Berhad (0245)?
The return on equity (ROE) of MN Holdings Berhad is 31.9% (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 MN Holdings Berhad (0245)?
On an EBIT basis the return on assets of MN Holdings Berhad is 15.2% (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 MN Holdings Berhad (0245)?
The operating margin of MN Holdings Berhad is 16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MN Holdings Berhad (0245)?
Revenue at MN Holdings Berhad is growing +14.7% versus a year earlier (3y avg +74.2%). 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 MN Holdings Berhad (0245)?
Earnings per share at MN Holdings Berhad are growing +84.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MN Holdings Berhad (0245) carry?
The net debt of MN Holdings Berhad is 610K MYR (fiscal year 2019, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch MN Holdings Berhad in the live analysis
One click puts MN Holdings Berhad on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 9, 2026