ISF GROUP BERHAD (0390) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ISF GROUP BERHAD stock MYR 0.90, price MYR 0.89, upside +1.7%, quality 80 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 8, 2026.
How to read this chart
9‑month range 0.3650 MYR – 0.9050 MYR · fair‑value band 0.3800 MYR – 1.14 MYR · the 0.8850 MYR price screens below the 0.9000 MYR fair value. As of Nov 8, 2026.
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ISF Group Berhad, an investment holding company, engages in supply and installation of piping systems in Malaysia. It offers piping for water supply and sewer infrastructure, as well as maintenance and repair services for piping systems.
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The company also undertakes projects through various property developments and infrastructure sectors, including industrial properties, data centres, and residential developments and commercial buildings.
It serves project management companies, mechanical and electrical contractors, property developers, and property and business owners. The company was incorporated in 2025 and is headquartered in Pontian, Johor. ISF Group Berhad is a subsidiary of ASF Eternity Sdn Bhd.
Stock analysis
ISF GROUP BERHAD (0390) currently trades at 0.8850 MYR, while our model-based Fair Value estimate is 0.9000 MYR, so the stock looks roughly fairly valued today (gap 1.7%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1.16 MYR per share, and 4 of the 26 models we run sit above the 0.8850 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.1200 MYR, and 22 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.3800 MYR (bear) to 1.14 MYR (bull), the price of 0.8850 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 80/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ISF GROUP BERHAD reported revenue of 98.5M MYR in FY2025 versus 21.6M MYR in FY2022, a compound +65.9%/yr. Reported net income was 25.3M MYR in FY2025, compounding +200.6%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 885M MYR (≈ $218M) Micro · P/E ratio 44.3 · P/S ratio 11.4 · EPS (TTM) 0.0200 MYR · Dividend yield 1.4% · Net margin 25.7% · Return on equity 119% · Return on assets (EBIT) 22.8% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 2%, 0390 screens cheaper than that median.
Fair Value models
Bear0.3800 MYRFair Value 0.9000 MYRBull1.14 MYR
Price 0.8850 MYR · Upside +1.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0172 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+80.3%
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.
+65.9%
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
7.0% (2022) → 34.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less 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).
+36.9%
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.
+25.8%
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 +34.2% a year for the price and +23.4% for the forecasts.
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 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside+1.7% · Above median
Profitability
Return on equity (12 months)118.8% · Top 25%
Return on assets35.5% · Top 25%
Net margin (12 months)25.7% · Top 25%
Operating margin (12 months)35.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)1.4% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Engineering & Construction 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). "ISF GROUP BERHAD Fair Value". https://www.fairvalue-calculator.com/stock/0390
Frequently asked questions
Is ISF GROUP BERHAD (0390) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 0.9000 MYR versus a price of 0.8850 MYR, about +2% upside (fairly valued).
What is the fair value of 0390?
Our model-based fair value for ISF GROUP BERHAD is 0.9000 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 0.8850 MYR.
What is the quality score of 0390?
ISF GROUP BERHAD has a Quality Score of 80/100. 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 ISF GROUP BERHAD (0390)?
Our model-based price target is the fair value of 0.9000 MYR (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 0.3800 MYR, optimistic scenario 1.14 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the ISF GROUP BERHAD stock forecast for 2026?
Our models put fair value at 0.9000 MYR, about +2% upside versus a price of 0.8850 MYR (fairly valued). Cautious scenario 0.3800 MYR, optimistic scenario 1.14 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of ISF GROUP BERHAD (0390)?
ISF GROUP BERHAD reported trailing-twelve-month revenue of about 98.5M MYR (latest available figure, as of Nov 8, 2026).
Does ISF GROUP BERHAD pay a dividend?
ISF GROUP BERHAD currently shows a dividend yield of 1.37% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of ISF GROUP BERHAD (0390)?
ISF GROUP BERHAD has a dividend yield of 1.4%.
What growth is priced into ISF GROUP BERHAD (0390)?
For today's price to be fair in a discounted-cash-flow model, ISF GROUP BERHAD would have to grow free cash flow by +36.9 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +65.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 0390 use?
Our models discount ISF GROUP 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 ISF GROUP BERHAD that is +36.9 % 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 ISF GROUP BERHAD (0390) delivered so far?
Over the past 3 years revenue at ISF GROUP BERHAD grew +65.9 % a year. The price currently implies free-cash-flow growth of +36.9 % 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 ISF GROUP BERHAD (0390) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into ISF GROUP BERHAD (+36.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ISF GROUP BERHAD (0390)?
The free-cash-flow yield on the price is 2.18 %: that much free cash flow ISF GROUP 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 ISF GROUP BERHAD (0390)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ISF GROUP BERHAD it is 0.9000 MYR per share (as of Nov 8, 2026), against a price of 0.8850 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 ISF GROUP BERHAD stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 0390 trades below its calculated fair value: price 0.8850 MYR, fair value 0.9000 MYR, a gap of about +2% (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 0390?
No. The price is what the market pays today (0.8850 MYR); the fair value is what the company's own numbers justify (0.9000 MYR). For ISF GROUP BERHAD the two are 0.0150 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is ISF GROUP BERHAD worth?
The market values ISF GROUP BERHAD at about 885M MYR (market capitalisation, as of Nov 8, 2026). Per share that is 0.8850 MYR; our models calculate a fair value of 0.9000 MYR per share.
What do the bullish and bearish scenarios say about 0390?
Our models span a range for ISF GROUP BERHAD: cautious scenario 0.3800 MYR, base 0.9000 MYR, optimistic 1.14 MYR per share (as of Nov 8, 2026, price 0.8850 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0390?
ISF GROUP BERHAD trades at a price-to-earnings ratio of 44.3 (as of Nov 8, 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 31.6, P/S 9.0, EV/EBITDA 25.1.
How solid is the balance sheet of ISF GROUP BERHAD (0390)?
Balance-sheet figures for ISF GROUP BERHAD (as of Nov 8, 2026): return on equity 118.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
Which stocks are comparable to ISF GROUP 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 ISF GROUP BERHAD stock attractive at the current price?
The data as of Nov 8, 2026: price 0.8850 MYR, calculated fair value 0.9000 MYR (+2%), Quality Score 80/100, 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 0390 calculated?
We run ISF GROUP 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. ISF GROUP BERHAD currently trades 2% 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 ISF GROUP BERHAD (0390)?
The closing price on Nov 6, 2026 was 0.8850 MYR. Our model-based fair value is 0.9000 MYR, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ISF GROUP BERHAD right now?
The model range is unusually wide (0.3800 MYR to 1.14 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ISF GROUP BERHAD
How large is the market capitalisation of ISF GROUP BERHAD (0390)?
The market capitalisation of ISF GROUP BERHAD is 885M MYR (≈ $218M). 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 ISF GROUP BERHAD (0390)?
The price-to-sales ratio of ISF GROUP BERHAD is 11.4 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ISF GROUP BERHAD (0390)?
Earnings per share at ISF GROUP BERHAD are 0.0200 MYR (price ÷ EPS = P/E 44.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ISF GROUP BERHAD (0390)?
The dividend yield of ISF GROUP BERHAD is 1.4% (payout 60.7%). 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 ISF GROUP BERHAD (0390)?
The net margin of ISF GROUP BERHAD is 25.7% (fiscal year 2025). 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 ISF GROUP BERHAD (0390)?
The return on equity (ROE) of ISF GROUP BERHAD is 119% (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 ISF GROUP BERHAD (0390)?
On an EBIT basis the return on assets of ISF GROUP BERHAD is 22.8% (avg 4y). 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 ISF GROUP BERHAD (0390)?
The operating margin of ISF GROUP BERHAD is 35.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does ISF GROUP BERHAD (0390) carry?
The net debt of ISF GROUP BERHAD is 3.7M MYR (fiscal year 2025, ≈ 0.2 yrs of FCF). 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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Thin data
Nov 8, 2026