CSC Steel Holdings Bhd (5094) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CSC Steel Holdings Bhd stock MYR 2.23, price MYR 1.20, upside +85.6%, quality 70 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 8, 2026.
How to read this chart
60‑month range 0.7982 MYR – 1.47 MYR · fair‑value band 1.81 MYR – 2.62 MYR · the 1.20 MYR price screens below the 2.23 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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CSC Steel Holdings Berhad, an investment holding company, engages in the manufacturing and marketing of steel coils in the Asia Pacific, North America, and Malaysia.
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It offers pickled and oiled steel, cold rolled steel, hot-dipped galvanised steel, and pre-painted galvanised steel, as well as coated steel under the Realzinc and Realcolor brand names.
The company was formerly known as Ornasteel Holdings Berhad and changed its name to CSC Steel Holdings Berhad in June 2008. CSC Steel Holdings Berhad was incorporated in 2004 and is headquartered in Ayer Keroh, Malaysia.
Stock analysis
CSC Steel Holdings Bhd (5094) currently trades at 1.20 MYR, while our model-based Fair Value estimate is 2.23 MYR, implying the stock looks roughly 46% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 3.45 MYR per share, and 22 of the 24 models we run sit above the 1.20 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.5550 MYR, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.81 MYR (bear) to 2.62 MYR (bull), the price of 1.20 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 70/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
CSC Steel Holdings Bhd reported revenue of 1.4B MYR in FY2025 versus 1.5B MYR in FY2021, a compound −1.6%/yr. Reported net income was 69.4M MYR in FY2025, compounding −5.2%/yr from FY2021.
Key figures
Market cap 443M MYR (≈ $109M) Micro · P/E ratio 6.3 · P/S ratio 0.32 · EPS (TTM) 0.1900 MYR · Dividend yield 11.8% · Net margin 5.1% · Return on equity 7.8% · Return on assets (EBIT) 5.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −36% fair-value upside, at 86%, 5094 screens cheaper than that median.
Fair Value models
Bear1.81 MYRFair Value 2.23 MYRBull2.62 MYR
Price 1.20 MYR · Upside +85.6%
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 (0.0420 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 DCF2.60 MYR2.95 MYR3.55 MYR80
Growth DCF2.63 MYR2.96 MYR3.48 MYR77
Residual Income1.92 MYR1.99 MYR2.12 MYR76
All 24 models by family
DCF Models
FCF DCF2.60 MYR2.95 MYR3.55 MYR80
Owner Earnings2.53 MYR2.87 MYR3.44 MYR75
5Y Revenue Exit2.70 MYR3.37 MYR4.36 MYR71
5Y EBITDA Exit2.69 MYR3.35 MYR4.25 MYR74
5Y P/E Exit2.91 MYR3.72 MYR4.71 MYR69
10Y Revenue Exit2.61 MYR3.08 MYR3.60 MYR66
10Y EBITDA Exit2.64 MYR3.07 MYR3.54 MYR67
10Y P/E Exit2.75 MYR3.27 MYR3.78 MYR63
Earnings-Based
Graham-Dodd1.28 MYR1.84 MYR2.17 MYR67
EPV2.21 MYR2.34 MYR2.44 MYR70
Dividend Discount
Gordon GGM0.4900 MYR0.5300 MYR0.5900 MYR69
DDM Multi-Stage0.4900 MYR0.5800 MYR0.6800 MYR67
Multiples
P/E Multiple2.40 MYR3.20 MYR4.00 MYR63
P/S Multiple2.40 MYR3.20 MYR4.00 MYR58
P/B Multiple0.9700 MYR1.29 MYR1.62 MYR55
EV/EBIT3.22 MYR3.92 MYR4.62 MYR63
EV/EBITDA3.05 MYR3.69 MYR4.33 MYR64
EV/Revenue2.94 MYR3.72 MYR4.50 MYR52
Asset-Based
NCAV (Graham)1.41 MYR2.14 MYR2.67 MYR52
Growth DCF
Growth DCF2.63 MYR2.96 MYR3.48 MYR77
Rev-Margin DCF2.70 MYR3.41 MYR4.30 MYR71
Economic Profit
Residual Income1.92 MYR1.99 MYR2.12 MYR76
ROIC Compounder2.21 MYR2.34 MYR2.44 MYR70
Growth Earnings
Growth-Adj P/E1.71 MYR2.44 MYR3.17 MYR67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.8%
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.
−6.7%
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.
+5.0%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 19 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.
+1.6%
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’25
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.
+22.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)11.8%
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.13.4% vs 1.2%, picking up
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.2% → 5%
2025 sits 103% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
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.Steel · 411 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+85.6% · Top 25%
Profitability
Return on equity (12 months)7.8% · Above median
Return on assets6.8% · Top 25%
Net margin (12 months)5.1% · Above median
Operating margin (12 months)5.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.3% · Below median
Dividend yield (12 months)11.8% · Top 25%
Valuation Multiplesvs Steel 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). "CSC Steel Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5094
Frequently asked questions
Is CSC Steel Holdings Bhd (5094) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 2.23 MYR versus a price of 1.20 MYR, about +86% upside (undervalued).
What is the fair value of 5094?
Our model-based fair value for CSC Steel Holdings Bhd is 2.23 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 1.20 MYR.
What is the quality score of 5094?
CSC Steel Holdings Bhd has a Quality Score of 70/100. 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 CSC Steel Holdings Bhd (5094)?
Our model-based price target is the fair value of 2.23 MYR (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 1.81 MYR, optimistic scenario 2.62 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the CSC Steel Holdings Bhd stock forecast for 2026?
Our models put fair value at 2.23 MYR, about +86% upside versus a price of 1.20 MYR (undervalued). Cautious scenario 1.81 MYR, optimistic scenario 2.62 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of CSC Steel Holdings Bhd (5094)?
CSC Steel Holdings Bhd reported trailing-twelve-month revenue of about 1.4B MYR (latest available figure, as of Nov 8, 2026).
Does CSC Steel Holdings Bhd pay a dividend?
CSC Steel Holdings Bhd currently shows a dividend yield of 11.75% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of CSC Steel Holdings Bhd (5094) and when is the ex-dividend date?
CSC Steel Holdings Bhd pays a dividend of 0.141 MYR per share a year, a dividend yield of 11.8%. The last ex-dividend date was Jun 18, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 74.2% of earnings. Free cash flow covers the dividend 1.26 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into CSC Steel Holdings Bhd (5094)?
For today's price to be fair in a discounted-cash-flow model, CSC Steel Holdings Bhd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 5094 use?
Our models discount CSC Steel Holdings Bhd at 12.6 %: a base by market capitalisation (micro), damped by beta 0.19, 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 CSC Steel Holdings 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 (12.6 %) and the same formula as our fair value.
How much growth has CSC Steel Holdings Bhd (5094) delivered so far?
Over the past 5 years revenue at CSC Steel Holdings Bhd grew +5.0 % 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 CSC Steel Holdings Bhd (5094) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into CSC Steel Holdings 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 CSC Steel Holdings Bhd (5094)?
The free-cash-flow yield on the price is 14.79 %: that much free cash flow CSC Steel Holdings Bhd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CSC Steel Holdings Bhd (5094)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CSC Steel Holdings Bhd it is 2.23 MYR per share (as of Nov 8, 2026), against a price of 1.20 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 CSC Steel Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5094 trades below its calculated fair value: price 1.20 MYR, fair value 2.23 MYR, a gap of about +86% (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 5094?
No. The price is what the market pays today (1.20 MYR); the fair value is what the company's own numbers justify (2.23 MYR). For CSC Steel Holdings Bhd the two are 1.03 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is CSC Steel Holdings Bhd worth?
The market values CSC Steel Holdings Bhd at about 443M MYR (market capitalisation, as of Nov 8, 2026). Per share that is 1.20 MYR; our models calculate a fair value of 2.23 MYR per share.
What do the bullish and bearish scenarios say about 5094?
Our models span a range for CSC Steel Holdings Bhd: cautious scenario 1.81 MYR, base 2.23 MYR, optimistic 2.62 MYR per share (as of Nov 8, 2026, price 1.20 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5094?
CSC Steel Holdings Bhd trades at a price-to-earnings ratio of 6.3 (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 2.23 MYR is built from several models across several years. Other multiples: P/B 0.5, P/S 0.3.
How solid is the balance sheet of CSC Steel Holdings Bhd (5094)?
Balance-sheet figures for CSC Steel Holdings Bhd (as of Nov 8, 2026): return on equity 7.8%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 5094 from its 52-week high?
CSC Steel Holdings Bhd trades at 1.20 MYR, about 18% below its 52-week high of 1.47 MYR and 17% above the low of 1.03 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.23 MYR is for.
Which stocks are comparable to CSC Steel Holdings Bhd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 CSC Steel Holdings Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 1.20 MYR, calculated fair value 2.23 MYR (+86%), Quality Score 70/100, 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 5094 calculated?
We run CSC Steel Holdings 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 2.23 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. CSC Steel Holdings Bhd currently trades 46% 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 CSC Steel Holdings Bhd (5094)?
The closing price on Nov 6, 2026 was 1.20 MYR. Our model-based fair value is 2.23 MYR, about +86% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CSC Steel Holdings Bhd right now?
The price is below even our cautious bear case (1.81 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 (70/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of CSC Steel Holdings Bhd (5094) come from?
Earnings per share at CSC Steel Holdings Bhd grew −2.2 % a year from 2015 to 2025. Broken into its drivers: revenue per share +4.4 %, EBIT margin −6.9 %, tax rate −0.5 %, residual (interest, one-offs) +1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CSC Steel Holdings Bhd
How large is the market capitalisation of CSC Steel Holdings Bhd (5094)?
The market capitalisation of CSC Steel Holdings Bhd is 443M MYR (≈ $109M). 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 CSC Steel Holdings Bhd (5094)?
The price-to-sales ratio of CSC Steel Holdings Bhd is 0.32 (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 CSC Steel Holdings Bhd (5094)?
Earnings per share at CSC Steel Holdings Bhd are 0.1900 MYR (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CSC Steel Holdings Bhd (5094)?
The dividend yield of CSC Steel Holdings Bhd is 11.8% (payout 74.2%). 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 CSC Steel Holdings Bhd (5094)?
The net margin of CSC Steel Holdings Bhd is 5.1% (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 CSC Steel Holdings Bhd (5094)?
The return on equity (ROE) of CSC Steel Holdings Bhd is 7.8% (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 CSC Steel Holdings Bhd (5094)?
On an EBIT basis the return on assets of CSC Steel Holdings Bhd is 5.6% (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 CSC Steel Holdings Bhd (5094)?
The operating margin of CSC Steel Holdings Bhd is 5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CSC Steel Holdings Bhd (5094)?
Revenue at CSC Steel Holdings Bhd is growing +1.3% versus a year earlier (3y avg −6.7%). 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 CSC Steel Holdings Bhd (5094)?
Earnings per share at CSC Steel Holdings Bhd are growing +3.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does CSC Steel Holdings Bhd (5094) hold?
CSC Steel Holdings Bhd holds more cash than debt, 414M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026