K Seng Seng Corporation Bhd (5192) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of K Seng Seng Corporation Bhd stock MYR 0.55, price MYR 0.81, that is 31.7% below the price, quality 43 out of 100. Rating: overvalued. 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 9, 2026.
How to read this chart
60‑month range 0.3868 MYR – 1.65 MYR · fair‑value band 0.4700 MYR – 0.7100 MYR · the 0.8050 MYR price screens above the 0.5500 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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EC Excel Holdings Berhad, an investment holding company, engages in the manufacture and processing of secondary stainless steel and other metal related products in Malaysia, the Republic of Singapore, Australia, the Republic of Indonesia, and Brunei.
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It operates through Stainless Steel and Metal Related Products; Marine Hardware and Consumable; Other Industrial Hardware; and Engineering and Project Works segments. The company manufactures stainless steel tubes and pipes, as well as processes stainless steel flat products.
It also trades in stainless steel long and flat products, and other metal related products; marine hardware and consumables; a variety of consumables; and various industrial hardware products.
In addition, the company offers engineering works, fabricates and installs rubber glove dipping lines; hires motor vehicles; and operates as a dealer for industrial products, cables, belts, and hardware.
Further, it engages in the supply, fabrication, and installation of aluminium, glass, and related products; shipbuilders, architects and building contractors, industrial hardware wholesalers and retailers; trading in water pipes and fittings systems, and construction materials; and supply and installation of stainless-steel related products or structural products for the retail and business projects.
EC Excel Holdings Berhad was formerly known as K. Seng Seng Corporation Berhad and changed its name to EC Excel Holdings Berhad in May 2026. EC Excel Holdings Berhad was incorporated in 1985 and is based in Balakong, Malaysia.
Stock analysis
K Seng Seng Corporation Bhd (5192) currently trades at 0.8050 MYR, while our model-based Fair Value estimate is 0.5500 MYR, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 3.47 MYR per share, and 11 of the 24 models we run sit above the 0.8050 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.3800 MYR, and 13 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.4700 MYR (bear) to 0.7100 MYR (bull), the price of 0.8050 MYR sits above 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 43/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
K Seng Seng Corporation Bhd reported revenue of 235M MYR in FY2025 versus 152M MYR in FY2021, a compound +11.5%/yr. Reported net income was 6.1M MYR in FY2025, compounding −13.1%/yr from FY2021.
Key figures
Market cap 174M MYR (≈ $42.9M) Micro · P/E ratio 16.1 · P/S ratio 0.65 · EPS (TTM) 0.0500 MYR · Net margin 3.8% · Return on equity 8.7% · Return on assets (EBIT) 3.5% (5-year average) · Operating margin 11.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 15% 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 −32%, 5192 screens cheaper than that median.
Fair Value models
Bear0.4700 MYRFair Value 0.5500 MYRBull0.7100 MYR
Price 0.8050 MYR · Downside -31.7%
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 (0.0429 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−21.2%
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.
+6.8%
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.
+17.3%
Start year 2020 (pandemic). Over 10 years: +9.2% 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.
+8.3%
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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.
−18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.2%
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.−18.2% vs 2.2%, 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.2% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−23.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −25.1% a year for the price.
Compare K Seng Seng Corporation Bhd 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.Steel · 410 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−31.7% · Below median
Profitability
Return on equity (12 months)8.7% · Above median
Return on assets2.1% · Below median
Net margin (12 months)3.8% · Above median
Operating margin (12 months)11.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)25.7% · Top 25%
Balance sheet
Debt / equity0.13× · Above 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). "K Seng Seng Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5192
Frequently asked questions
Is K Seng Seng Corporation Bhd (5192) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 0.5500 MYR versus a price of 0.8050 MYR, about 32% lower (overvalued).
What is the fair value of 5192?
Our model-based fair value for K Seng Seng Corporation Bhd is 0.5500 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 0.8050 MYR.
What is the quality score of 5192?
K Seng Seng Corporation Bhd has a Quality Score of 43/100. 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 K Seng Seng Corporation Bhd (5192)?
Our model-based price target is the fair value of 0.5500 MYR (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 0.4700 MYR, optimistic scenario 0.7100 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the K Seng Seng Corporation Bhd stock forecast for 2026?
Our models put fair value at 0.5500 MYR, about 32% lower versus a price of 0.8050 MYR (overvalued). Cautious scenario 0.4700 MYR, optimistic scenario 0.7100 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of K Seng Seng Corporation Bhd (5192)?
K Seng Seng Corporation Bhd reported trailing-twelve-month revenue of about 269M MYR (latest available figure, as of Nov 9, 2026).
What growth is priced into K Seng Seng Corporation Bhd (5192)?
For today's price to be fair in a discounted-cash-flow model, K Seng Seng Corporation Bhd would have to grow free cash flow by -23.6 % 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 +17.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 5192 use?
Our models discount K Seng Seng Corporation Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.36, 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 K Seng Seng Corporation Bhd that is -23.6 % 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 K Seng Seng Corporation Bhd (5192) delivered so far?
Over the past 5 years revenue at K Seng Seng Corporation Bhd grew +17.3 % a year. The price currently implies free-cash-flow growth of -23.6 % 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 K Seng Seng Corporation Bhd (5192) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into K Seng Seng Corporation Bhd (-23.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of K Seng Seng Corporation Bhd (5192)?
The free-cash-flow yield on the price is 35.80 %: that much free cash flow K Seng Seng Corporation 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 K Seng Seng Corporation Bhd (5192)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For K Seng Seng Corporation Bhd it is 0.5500 MYR per share (as of Nov 9, 2026), against a price of 0.8050 MYR. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is K Seng Seng Corporation Bhd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 5192 trades above its calculated fair value: price 0.8050 MYR, fair value 0.5500 MYR, a gap of about −32% (overvalued). 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 5192?
No. The price is what the market pays today (0.8050 MYR); the fair value is what the company's own numbers justify (0.5500 MYR). For K Seng Seng Corporation Bhd the two are 0.2550 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is K Seng Seng Corporation Bhd worth?
The market values K Seng Seng Corporation Bhd at about 174M MYR (market capitalisation, as of Nov 9, 2026). Per share that is 0.8050 MYR; our models calculate a fair value of 0.5500 MYR per share.
What do the bullish and bearish scenarios say about 5192?
Our models span a range for K Seng Seng Corporation Bhd: cautious scenario 0.4700 MYR, base 0.5500 MYR, optimistic 0.7100 MYR per share (as of Nov 9, 2026, price 0.8050 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5192?
K Seng Seng Corporation Bhd trades at a price-to-earnings ratio of 16.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5500 MYR is built from several models across several years. Other multiples: P/B 1.1, P/S 0.6, EV/EBITDA 5.9.
How solid is the balance sheet of K Seng Seng Corporation Bhd (5192)?
Balance-sheet figures for K Seng Seng Corporation Bhd (as of Nov 9, 2026): return on equity 8.7%, debt of 0.13 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 5192 from its 52-week high?
K Seng Seng Corporation Bhd trades at 0.8050 MYR, about 19% below its 52-week high of 0.9900 MYR and 15% above the low of 0.7000 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5500 MYR is for.
Which stocks are comparable to K Seng Seng Corporation 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 K Seng Seng Corporation Bhd stock attractive at the current price?
The data as of Nov 9, 2026: price 0.8050 MYR, calculated fair value 0.5500 MYR (−32%), Quality Score 43/100, 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 5192 calculated?
We run K Seng Seng Corporation Bhd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.5500 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. K Seng Seng Corporation Bhd itself currently trades above fair value. 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 K Seng Seng Corporation Bhd (5192)?
The closing price on Nov 6, 2026 was 0.8050 MYR. Our model-based fair value is 0.5500 MYR, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with K Seng Seng Corporation Bhd right now?
The price sits above even our optimistic bull case (0.7100 MYR). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 K Seng Seng Corporation Bhd
How large is the market capitalisation of K Seng Seng Corporation Bhd (5192)?
The market capitalisation of K Seng Seng Corporation Bhd is 174M MYR (≈ $42.9M). 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 K Seng Seng Corporation Bhd (5192)?
The price-to-sales ratio of K Seng Seng Corporation Bhd is 0.65 (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 K Seng Seng Corporation Bhd (5192)?
Earnings per share at K Seng Seng Corporation Bhd are 0.0500 MYR (price ÷ EPS = P/E 16.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of K Seng Seng Corporation Bhd (5192)?
The net margin of K Seng Seng Corporation Bhd is 3.8% (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 K Seng Seng Corporation Bhd (5192)?
The return on equity (ROE) of K Seng Seng Corporation Bhd is 8.7% (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 K Seng Seng Corporation Bhd (5192)?
On an EBIT basis the return on assets of K Seng Seng Corporation Bhd is 3.5% (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 K Seng Seng Corporation Bhd (5192)?
The operating margin of K Seng Seng Corporation Bhd is 11.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at K Seng Seng Corporation Bhd (5192)?
Revenue at K Seng Seng Corporation Bhd is growing +25.7% versus a year earlier (3y avg +6.8%). 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 K Seng Seng Corporation Bhd (5192)?
Earnings per share at K Seng Seng Corporation Bhd are growing +215% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does K Seng Seng Corporation Bhd (5192) carry?
The net debt of K Seng Seng Corporation Bhd is 68.7M MYR (fiscal year 2025, ≈ 1.1 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 9, 2026