Cheeding Holdings Berhad (0372) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cheeding Holdings Berhad stock MYR 0.90, price MYR 0.52, upside +73.1%, quality 75 out of 100. Rating: strongly undervalued. 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 4, 2026.
How to read this chart
13‑month range 0.4950 MYR – 0.9251 MYR · fair‑value band 0.4000 MYR – 1.09 MYR · the 0.5200 MYR price screens below the 0.9000 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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Cheeding Holdings Berhad, an investment holding company, provides infrastructure utilities engineering solutions in Malaysia.
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It operates through Engineering, Procurement, Construction and Commissioning (EPCC); Substation Engineering Services; and Maintenance of Overhead Infrastructure for Utilities segments.
The company procures, supplies, delivers, installs, constructs, tests, and commissions, as wells as inspects, repairs, and maintains overhead infrastructure for utilities; and provides project planning and management for the projects it undertakes.
It also performs maintenance services of overhead infrastructure for utilities; and undertakes planning, procurement, construction, and commissioning of underground infrastructure for utilities.
In addition, the company undertakes substation engineering works involving technical design and build of primary equipment in the primary bay of a new or existing substation; and is involved in the design, modification, upgrading, replacement, and retrofitting of electrical systems components in secondary bay in existing substations.
Further, it performs foundation, erection, and stringing works for interconnecting the electrical substations to the utility grid system; and provides electrical and civil engineering related services. Cheeding Holdings Berhad was incorporated in 2024 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
Cheeding Holdings Berhad (0372) currently trades at 0.5200 MYR, while our model-based Fair Value estimate is 0.9000 MYR, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.03 MYR per share, and 17 of the 26 models we run sit above the 0.5200 MYR price.
Bear case: the Asset-Based group reads lowest at 0.1500 MYR, and 9 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.4000 MYR (bear) to 1.09 MYR (bull), the price of 0.5200 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 75/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cheeding Holdings Berhad reported revenue of 111M MYR in FY2026 versus 9.5M MYR in FY2022, a compound +84.8%/yr. Reported net income was 35.3M MYR in FY2026.
Key figures
Market cap 415M MYR (≈ $102M) Micro · P/E ratio 13.0 · P/S ratio 3.64 · EPS (TTM) 0.0400 MYR · Dividend yield 2.7% · Net margin 31.2% · Return on equity 38.0% · Return on assets (EBIT) 24.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 73%, 0372 screens cheaper than that median.
Fair Value models
Bear0.4000 MYRFair Value 0.9000 MYRBull1.09 MYR
Price 0.5200 MYR · Upside +73.1%
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 7 months old). Earnings retained since then (0.0159 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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.9%
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.
+44.2%
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 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 3 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.
+50.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+47.5%
Dividend (yield on the price)2.7%
Profit margin 2022 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.−7% → 42%
2026 sits 72% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+12.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +10.1% a year for the price.
Compare Cheeding Holdings Berhad with another stock
Price, fair value, quality and upside side by side.
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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 · 791 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+73.1% · Top 25%
Profitability
Return on equity (12 months)38.0% · Top 25%
Return on assets22.0% · Top 25%
Net margin (12 months)31.2% · Top 25%
Operating margin (12 months)49.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)20.7% · Above median
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)13.0× · Cheaper than median
P/B3.06× · Priciest 25%
P/S (12 months)3.64× · Priciest 25%
Price / free cash flow (fiscal year)17.9× · Pricier than median
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Is Cheeding Holdings Berhad (0372) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.9000 MYR versus a price of 0.5200 MYR, about +73% upside (undervalued).
What is the fair value of 0372?
Our model-based fair value for Cheeding Holdings Berhad is 0.9000 MYR (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.5200 MYR.
What is the quality score of 0372?
Cheeding Holdings Berhad has a Quality Score of 75/100. 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 Cheeding Holdings Berhad (0372)?
Our model-based price target is the fair value of 0.9000 MYR (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 0.4000 MYR, optimistic scenario 1.09 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Cheeding Holdings Berhad stock forecast for 2026?
Our models put fair value at 0.9000 MYR, about +73% upside versus a price of 0.5200 MYR (undervalued). Cautious scenario 0.4000 MYR, optimistic scenario 1.09 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Cheeding Holdings Berhad (0372)?
Cheeding Holdings Berhad reported trailing-twelve-month revenue of about 114M MYR (latest available figure, as of Nov 4, 2026).
Does Cheeding Holdings Berhad pay a dividend?
Cheeding Holdings Berhad currently shows a dividend yield of 2.69% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Cheeding Holdings Berhad (0372) and when is the ex-dividend date?
Cheeding Holdings Berhad pays a dividend of 0.014 MYR per share a year, a dividend yield of 2.7%. The last ex-dividend date was Sep 8, 2026. The payout ratio is 35.0% of earnings. Free cash flow covers the dividend 2.07 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 Cheeding Holdings Berhad (0372)?
For today's price to be fair in a discounted-cash-flow model, Cheeding Holdings Berhad would have to grow free cash flow by +12.3 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +84.9 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 0372 use?
Our models discount Cheeding Holdings Berhad at 14.1 %: a base by market capitalisation (micro), 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 Cheeding Holdings Berhad that is +12.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has Cheeding Holdings Berhad (0372) delivered so far?
Over the past 4 years revenue at Cheeding Holdings Berhad grew +84.9 % a year. The price currently implies free-cash-flow growth of +12.3 % 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 Cheeding Holdings Berhad (0372) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Cheeding Holdings Berhad (+12.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cheeding Holdings Berhad (0372)?
The free-cash-flow yield on the price is 5.58 %: that much free cash flow Cheeding Holdings Berhad produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cheeding Holdings Berhad (0372)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cheeding Holdings Berhad it is 0.9000 MYR per share (as of Nov 4, 2026), against a price of 0.5200 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 Cheeding Holdings Berhad stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 0372 trades below its calculated fair value: price 0.5200 MYR, fair value 0.9000 MYR, a gap of about +73% (undervalued). 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 0372?
No. The price is what the market pays today (0.5200 MYR); the fair value is what the company's own numbers justify (0.9000 MYR). For Cheeding Holdings Berhad the two are 0.3800 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Cheeding Holdings Berhad worth?
The market values Cheeding Holdings Berhad at about 415M MYR (market capitalisation, as of Nov 4, 2026). Per share that is 0.5200 MYR; our models calculate a fair value of 0.9000 MYR per share.
What do the bullish and bearish scenarios say about 0372?
Our models span a range for Cheeding Holdings Berhad: cautious scenario 0.4000 MYR, base 0.9000 MYR, optimistic 1.09 MYR per share (as of Nov 4, 2026, price 0.5200 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0372?
Cheeding Holdings Berhad trades at a price-to-earnings ratio of 13.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.9000 MYR is built from several models across several years. Other multiples: P/B 3.1, P/S 3.6, EV/EBITDA 6.0.
How solid is the balance sheet of Cheeding Holdings Berhad (0372)?
Balance-sheet figures for Cheeding Holdings Berhad (as of Nov 4, 2026): return on equity 38.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is 0372 from its 52-week high?
Cheeding Holdings Berhad trades at 0.5200 MYR, about 42% below its 52-week high of 0.9005 MYR and 5% above the low of 0.4950 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9000 MYR is for.
Which stocks are comparable to Cheeding 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 Cheeding Holdings Berhad stock attractive at the current price?
The data as of Nov 4, 2026: price 0.5200 MYR, calculated fair value 0.9000 MYR (+73%), Quality Score 75/100, 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 0372 calculated?
We run Cheeding 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 0.9000 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. Cheeding Holdings Berhad currently trades 42% below its own fair value, and the market average says nothing about that. 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 Cheeding Holdings Berhad (0372)?
The closing price on Nov 6, 2026 was 0.5200 MYR. Our model-based fair value is 0.9000 MYR, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cheeding Holdings Berhad right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (0.4000 MYR to 1.09 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Cheeding Holdings Berhad
How large is the market capitalisation of Cheeding Holdings Berhad (0372)?
The market capitalisation of Cheeding Holdings Berhad is 415M MYR (≈ $102M). 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 Cheeding Holdings Berhad (0372)?
The price-to-sales ratio of Cheeding Holdings Berhad is 3.64 (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 Cheeding Holdings Berhad (0372)?
Earnings per share at Cheeding Holdings Berhad are 0.0400 MYR (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cheeding Holdings Berhad (0372)?
The dividend yield of Cheeding Holdings Berhad is 2.7% (payout 35.0%). 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 Cheeding Holdings Berhad (0372)?
The net margin of Cheeding Holdings Berhad is 31.2% (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 Cheeding Holdings Berhad (0372)?
The return on equity (ROE) of Cheeding Holdings Berhad is 38.0% (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 Cheeding Holdings Berhad (0372)?
On an EBIT basis the return on assets of Cheeding Holdings Berhad is 24.5% (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 Cheeding Holdings Berhad (0372)?
The operating margin of Cheeding Holdings Berhad is 49.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cheeding Holdings Berhad (0372)?
Revenue at Cheeding Holdings Berhad is growing +20.7% versus a year earlier (3y avg +44.2%). 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 Cheeding Holdings Berhad (0372)?
Earnings per share at Cheeding Holdings Berhad are growing +4.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 4, 2026