TRC Synergy Bhd (5054) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TRC Synergy Bhd stock MYR 0.82, price MYR 0.39, upside +113.0%, quality 61 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 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 7, 2026.
How to read this chart
60‑month range 0.2361 MYR – 0.4695 MYR · fair‑value band 0.8200 MYR – 0.8300 MYR · the 0.3850 MYR price screens below the 0.8200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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TRC Synergy Berhad, an investment holding company, operates in the construction business in Malaysia and Australia. It operates through Construction Activities, Property Development, Hotel Operations, and Others segments.
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The company engages in construction projects for rail infrastructure works, highways and roads, administrative buildings, airport terminals, runways and related facilities, port facilities, and submarine bases, etc.
It is also involved in the development of residential properties; sale of construction-related materials; rendering of construction-related services; and hotel-related operations.
In addition, it engages in the investment in land development and commercial properties; project management; commercial and trading operations; property investment; general trading and services; construction of elevated guideway and bridge works specialist in heavy lifting and launching works; and oil and gas activities.
Further, the company manufactures and trades in concrete piles, sand, and ready-mixed concrete. TRC Synergy Berhad was founded in 1984 and is headquartered in Ampang, Malaysia.
Stock analysis
TRC Synergy Bhd (5054) currently trades at 0.3850 MYR, while our model-based Fair Value estimate is 0.8200 MYR, implying the stock looks roughly 53% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1.58 MYR per share, and 19 of the 24 models we run sit above the 0.3850 MYR price.
Bear case: the Multiples group reads lowest at 0.4750 MYR, and 5 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8200 MYR (bear) to 0.8300 MYR (bull), the price of 0.3850 MYR sits below 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 61/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TRC Synergy Bhd reported revenue of 417M MYR in FY2025 versus 762M MYR in FY2021, a compound −14.0%/yr. Reported net income was 15.3M MYR in FY2025, compounding −7.2%/yr from FY2021.
Key figures
Market cap 181M MYR (≈ $44.7M) Micro · P/E ratio 38.5 · P/S ratio 0.59 · EPS (TTM) 0.0100 MYR · Dividend yield 2.3% · Net margin 1.7% · Return on equity 0.9% · Return on assets (EBIT) 2.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 48% 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 113%, 5054 screens cheaper than that median.
Fair Value models
Bear0.8200 MYRFair Value 0.8200 MYRBull0.8300 MYR
Price 0.3850 MYR · Upside +113.0%
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 (0.0009 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.7%
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.
−15.0%
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.
−11.2%
Start year 2020 (pandemic). Over 10 years: −5.9% a year
Revenue growth 13 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.
−2.3%
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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. 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.
−3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.8%
Dividend (yield on the price)2.3%
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.−5.8% vs −6.1%, steady
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.4% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 4.6%/yr over ~8Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+113.0% · Top 25%
Profitability
Return on equity (12 months)0.9% · Below median
Return on assets1.8% · Below median
Net margin (12 months)1.7% · Below median
Operating margin (12 months)−0.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−44.6% · Bottom 25%
Dividend yield (12 months)2.3% · Above median
Balance sheet
Debt / equity0.14× · Above 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). "TRC Synergy Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5054
Frequently asked questions
Is TRC Synergy Bhd (5054) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.8200 MYR versus a price of 0.3850 MYR, about +113% upside (undervalued).
What is the fair value of 5054?
Our model-based fair value for TRC Synergy Bhd is 0.8200 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.3850 MYR.
What is the quality score of 5054?
TRC Synergy Bhd has a Quality Score of 61/100. 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 TRC Synergy Bhd (5054)?
Our model-based price target is the fair value of 0.8200 MYR (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 0.8200 MYR, optimistic scenario 0.8300 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the TRC Synergy Bhd stock forecast for 2026?
Our models put fair value at 0.8200 MYR, about +113% upside versus a price of 0.3850 MYR (undervalued). Cautious scenario 0.8200 MYR, optimistic scenario 0.8300 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of TRC Synergy Bhd (5054)?
TRC Synergy Bhd reported trailing-twelve-month revenue of about 306M MYR (latest available figure, as of Nov 7, 2026).
Does TRC Synergy Bhd pay a dividend?
TRC Synergy Bhd currently shows a dividend yield of 2.34% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of TRC Synergy Bhd (5054) and when is the ex-dividend date?
TRC Synergy Bhd pays a dividend of 0.009 MYR per share a year, a dividend yield of 2.3%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since 2007. The payout ratio is 90.0% of earnings. Free cash flow covers the dividend 10.46 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into TRC Synergy Bhd (5054)?
For today's price to be fair in a discounted-cash-flow model, TRC Synergy Bhd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 5054 use?
Our models discount TRC Synergy Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.34, 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 TRC Synergy Bhd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has TRC Synergy Bhd (5054) delivered so far?
Over the past 5 years revenue at TRC Synergy Bhd grew -11.2 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 TRC Synergy Bhd (5054) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into TRC Synergy Bhd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TRC Synergy Bhd (5054)?
The free-cash-flow yield on the price is 24.45 %: that much free cash flow TRC Synergy Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TRC Synergy Bhd (5054)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TRC Synergy Bhd it is 0.8200 MYR per share (as of Nov 7, 2026), against a price of 0.3850 MYR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is TRC Synergy Bhd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 5054 trades below its calculated fair value: price 0.3850 MYR, fair value 0.8200 MYR, a gap of about +113% (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 5054?
No. The price is what the market pays today (0.3850 MYR); the fair value is what the company's own numbers justify (0.8200 MYR). For TRC Synergy Bhd the two are 0.4350 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is TRC Synergy Bhd worth?
The market values TRC Synergy Bhd at about 181M MYR (market capitalisation, as of Nov 7, 2026). Per share that is 0.3850 MYR; our models calculate a fair value of 0.8200 MYR per share.
What do the bullish and bearish scenarios say about 5054?
Our models span a range for TRC Synergy Bhd: cautious scenario 0.8200 MYR, base 0.8200 MYR, optimistic 0.8300 MYR per share (as of Nov 7, 2026, price 0.3850 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5054?
TRC Synergy Bhd trades at a price-to-earnings ratio of 38.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.8200 MYR is built from several models across several years. Other multiples: P/B 0.3, P/S 0.6.
How solid is the balance sheet of TRC Synergy Bhd (5054)?
Balance-sheet figures for TRC Synergy Bhd (as of Nov 7, 2026): return on equity 0.9%, debt of 0.14 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 5054 from its 52-week high?
TRC Synergy Bhd trades at 0.3850 MYR, at its 52-week high of 0.3850 MYR and 48% above the low of 0.2600 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8200 MYR is for.
Which stocks are comparable to TRC Synergy 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 TRC Synergy Bhd stock attractive at the current price?
The data as of Nov 7, 2026: price 0.3850 MYR, calculated fair value 0.8200 MYR (+113%), Quality Score 61/100, from 24 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 5054 calculated?
We run TRC Synergy Bhd through 24 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 0.8200 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. TRC Synergy Bhd currently trades 53% 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 TRC Synergy Bhd (5054)?
The closing price on Nov 6, 2026 was 0.3850 MYR. Our model-based fair value is 0.8200 MYR, about +113% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TRC Synergy Bhd right now?
The price is below even our cautious bear case (0.8200 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (0.8200 MYR to 0.8300 MYR), unusually little disagreement for a valuation.
Key figures of TRC Synergy Bhd
How large is the market capitalisation of TRC Synergy Bhd (5054)?
The market capitalisation of TRC Synergy Bhd is 181M MYR (≈ $44.7M). 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 TRC Synergy Bhd (5054)?
The price-to-sales ratio of TRC Synergy Bhd is 0.59 (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 TRC Synergy Bhd (5054)?
Earnings per share at TRC Synergy Bhd are 0.0100 MYR (price ÷ EPS = P/E 38.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TRC Synergy Bhd (5054)?
The dividend yield of TRC Synergy Bhd is 2.3% (payout 90.0%). 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 TRC Synergy Bhd (5054)?
The net margin of TRC Synergy Bhd is 1.7% (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 TRC Synergy Bhd (5054)?
The return on equity (ROE) of TRC Synergy Bhd is 0.9% (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 TRC Synergy Bhd (5054)?
On an EBIT basis the return on assets of TRC Synergy Bhd is 2.2% (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 TRC Synergy Bhd (5054)?
The operating margin of TRC Synergy Bhd is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TRC Synergy Bhd (5054)?
Revenue at TRC Synergy Bhd is growing −44.6% versus a year earlier (3y avg −15.0%). 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 TRC Synergy Bhd (5054)?
Earnings per share at TRC Synergy Bhd are growing −86.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TRC Synergy Bhd (5054) carry?
The net debt of TRC Synergy Bhd is 8.9M MYR (fiscal year 2022, ≈ 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 7, 2026