Malaysia Steel Works KL Bhd (5098) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Malaysia Steel Works KL Bhd stock MYR 0.24, price MYR 0.18, upside +36.4%, quality 40 out of 100. Rating: undervalued. Calculated from audited financials with 14 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 0.1700 MYR – 0.5224 MYR · fair‑value band 0.1790 MYR – 0.3222 MYR · the 0.1750 MYR price screens below the 0.2387 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Malaysia Steel Works (KL) Bhd., together with its subsidiaries, manufactures and markets tensile steel bars, mild steel bars, and prime steel billets for the construction and infrastructure sectors in Malaysia and internationally.
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The company is involved in the transportation and logistics of steel bars and billets; tensile deformed bars, mild steel round bars and steel billets; and fabrication and trading of steel products.
The company exports to network and exports products to international markets including Australia, Papua New Guinea, Indonesia, Singapore, Vietnam, the Philippines, Turkey and China. Malaysia Steel Works (KL) Bhd. was founded in 1971 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
Malaysia Steel Works KL Bhd (5098) currently trades at 0.1750 MYR, while our model-based Fair Value estimate is 0.2387 MYR, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.8900 MYR per share, and 10 of the 13 models we run sit above the 0.1750 MYR price.
Bear case: the Growth Earnings group reads lowest at 0.1800 MYR, and 3 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1790 MYR (bear) to 0.3222 MYR (bull), the price of 0.1750 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 40/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Malaysia Steel Works KL Bhd reported revenue of 2.7B MYR in FY2025 versus 1.6B MYR in FY2021, a compound +13.9%/yr. Reported net income was 8.7M MYR in FY2025, compounding −28.2%/yr from FY2021.
Key figures
Market cap 130M MYR (≈ $32.1M) Micro · P/E ratio 17.5 · P/S ratio 0.04 · EPS (TTM) 0.0100 MYR · Net margin 0.3% · Return on equity 0.8% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 36%, 5098 screens cheaper than that median.
Fair Value models
Bear0.1790 MYRFair Value 0.2387 MYRBull0.3222 MYR
Price 0.1750 MYR · Upside +36.4%
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 (0.0086 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
EPV0.4800 MYR0.5300 MYR0.5800 MYR74
ROIC Compounder0.4800 MYR0.5300 MYR0.5800 MYR72
Residual Income0.7300 MYR0.7700 MYR0.8500 MYR71
All 14 models by family
Earnings-Based
Graham-Dodd0.0800 MYR0.3300 MYR0.4500 MYR64
Lynch FV0.0800 MYR0.1200 MYR0.1500 MYR61
PEG = 1.00.0800 MYR0.1200 MYR0.1500 MYR57
EPV0.4800 MYR0.5300 MYR0.5800 MYR74
Multiples
P/E Multiple0.1500 MYR0.2000 MYR0.2500 MYR63
P/S Multiple0.1500 MYR0.2000 MYR0.2500 MYR58
P/B Multiple0.2600 MYR0.3500 MYR0.4300 MYR55
EV/EBITn/a0.0600 MYR>0.2400 MYR61
EV/EBITDA0.0700 MYR0.3500 MYR0.6400 MYR60
EV/Revenuen/an/a0.2300 MYR50
Asset-Based
NCAV (Graham)0.6700 MYR0.8900 MYR1.33 MYR54
Economic Profit
Residual Income0.7300 MYR0.7700 MYR0.8500 MYR71
ROIC Compounder0.4800 MYR0.5300 MYR0.5800 MYR72
Growth Earnings
Growth-Adj P/E0.1300 MYR0.1800 MYR0.2300 MYR68
The fair value above starts from this blend and is adjusted for a cyclical trough 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.1%
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.
+14.4%
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.
+14.0%
Start year 2020 (pandemic). Over 10 years: +8.8% 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.
+5.6%
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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. Basis: EBIT basis. 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.
≈ +35.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +35.3%
Dividend (yield on the price)0.0%
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.−24.7% vs −14.0%, slowing
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.1% → 2%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.013 per share, median 0.077 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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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 · 410 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside+36.4% · Above median
Profitability
Return on equity (12 months)0.8% · Below median
Return on assets0.3% · Below median
Net margin (12 months)0.3% · Below median
Operating margin (12 months)2.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)34.0% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
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). "Malaysia Steel Works KL Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5098
Frequently asked questions
Is Malaysia Steel Works KL Bhd (5098) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.2387 MYR versus a price of 0.1750 MYR, about +36% upside (undervalued).
What is the fair value of 5098?
Our model-based fair value for Malaysia Steel Works KL Bhd is 0.2387 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.1750 MYR.
What is the quality score of 5098?
Malaysia Steel Works KL Bhd has a Quality Score of 40/100. 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 Malaysia Steel Works KL Bhd (5098)?
Our model-based price target is the fair value of 0.2387 MYR (as of Nov 7, 2026) from 14 valuation models. Cautious scenario 0.1790 MYR, optimistic scenario 0.3222 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Malaysia Steel Works KL Bhd stock forecast for 2026?
Our models put fair value at 0.2387 MYR, about +36% upside versus a price of 0.1750 MYR (undervalued). Cautious scenario 0.1790 MYR, optimistic scenario 0.3222 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Malaysia Steel Works KL Bhd (5098)?
Malaysia Steel Works KL Bhd reported trailing-twelve-month revenue of about 3.1B MYR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Malaysia Steel Works KL Bhd (5098)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Malaysia Steel Works KL Bhd it is 0.2387 MYR per share (as of Nov 7, 2026), against a price of 0.1750 MYR. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Malaysia Steel Works KL Bhd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 5098 trades below its calculated fair value: price 0.1750 MYR, fair value 0.2387 MYR, a gap of about +36% (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 5098?
No. The price is what the market pays today (0.1750 MYR); the fair value is what the company's own numbers justify (0.2387 MYR). For Malaysia Steel Works KL Bhd the two are 0.0637 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Malaysia Steel Works KL Bhd worth?
The market values Malaysia Steel Works KL Bhd at about 130M MYR (market capitalisation, as of Nov 7, 2026). Per share that is 0.1750 MYR; our models calculate a fair value of 0.2387 MYR per share.
What do the bullish and bearish scenarios say about 5098?
Our models span a range for Malaysia Steel Works KL Bhd: cautious scenario 0.1790 MYR, base 0.2387 MYR, optimistic 0.3222 MYR per share (as of Nov 7, 2026, price 0.1750 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5098?
Malaysia Steel Works KL Bhd trades at a price-to-earnings ratio of 17.5 (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 0.2387 MYR is built from several models across several years. Other multiples: P/B 0.1, P/S 0.0, EV/EBITDA 0.8.
How solid is the balance sheet of Malaysia Steel Works KL Bhd (5098)?
Balance-sheet figures for Malaysia Steel Works KL Bhd (as of Nov 7, 2026): return on equity 0.8%, debt of 0.07 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 5098 from its 52-week high?
Malaysia Steel Works KL Bhd trades at 0.1750 MYR, about 43% below its 52-week high of 0.3050 MYR and 3% above the low of 0.1700 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2387 MYR is for.
Which stocks are comparable to Malaysia Steel Works KL 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 Malaysia Steel Works KL Bhd stock attractive at the current price?
The data as of Nov 7, 2026: price 0.1750 MYR, calculated fair value 0.2387 MYR (+36%), Quality Score 40/100, from 14 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 5098 calculated?
We run Malaysia Steel Works KL Bhd through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.2387 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. Malaysia Steel Works KL Bhd currently trades 27% 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 Malaysia Steel Works KL Bhd (5098)?
The closing price on Nov 6, 2026 was 0.1750 MYR. Our model-based fair value is 0.2387 MYR, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Malaysia Steel Works KL Bhd right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.1790 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. A fairly wide model range (0.1790 MYR to 0.3222 MYR) leaves room in how you read the outcome.
Key figures of Malaysia Steel Works KL Bhd
How large is the market capitalisation of Malaysia Steel Works KL Bhd (5098)?
The market capitalisation of Malaysia Steel Works KL Bhd is 130M MYR (≈ $32.1M). 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 Malaysia Steel Works KL Bhd (5098)?
The price-to-sales ratio of Malaysia Steel Works KL Bhd is 0.04 (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 Malaysia Steel Works KL Bhd (5098)?
Earnings per share at Malaysia Steel Works KL Bhd are 0.0100 MYR (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Malaysia Steel Works KL Bhd (5098)?
The net margin of Malaysia Steel Works KL Bhd is 0.3% (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 Malaysia Steel Works KL Bhd (5098)?
The return on equity (ROE) of Malaysia Steel Works KL Bhd is 0.8% (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 Malaysia Steel Works KL Bhd (5098)?
On an EBIT basis the return on assets of Malaysia Steel Works KL Bhd is 2.3% (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 Malaysia Steel Works KL Bhd (5098)?
The operating margin of Malaysia Steel Works KL Bhd is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Malaysia Steel Works KL Bhd (5098)?
Revenue at Malaysia Steel Works KL Bhd is growing +34.0% versus a year earlier (3y avg +14.4%). 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 Malaysia Steel Works KL Bhd (5098)?
Earnings per share at Malaysia Steel Works KL Bhd are growing −93.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Malaysia Steel Works KL Bhd (5098) generate?
The free cash flow of Malaysia Steel Works KL Bhd is −43.8M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Malaysia Steel Works KL Bhd (5098) carry?
The net debt of Malaysia Steel Works KL Bhd is 577M MYR (fiscal year 2025). 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