Kobay Tech Bhd (6971) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kobay Tech Bhd stock MYR 2.57, price MYR 2.24, upside +14.7%, quality 69 out of 100. Rating: 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 1.01 MYR – 6.32 MYR · fair‑value band 1.44 MYR – 3.68 MYR · the 2.24 MYR price screens below the 2.57 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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Kobay Technology Bhd., an investment holding company, engages in the manufacturing, property development, pharmaceutical and healthcare, asset management, and other businesses in Malaysia, Singapore, the United States, and internationally.
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The company offers precision plating and machined components, precision metal stampings, sheet metal parts, surface treatment, precision moulds and parts, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment, and components and sub-assemblies for aerospace parts.
It also offers property development and management services; electronic manufacturing services; and marketing and project management services for property developers, as well as engages in the wholesale and retail sale of pharmaceutical, medicine, and healthcare products.
In addition, the company is involved in the provision of money lending and management and property letting services; and product development and manufacturing services for PCB assembly, cable assembly, electromechanical assembly, and test, as well as operates dormitories and hotels.
Further, it offers aluminum extrusion and formation products, accommodation rental services, industrial equipment, machinery parts and tooling, encapsulation moulds, trim and form dies, and progressive tooling for lead frames.
The company serves semiconductor, electronic and electrical, aerospace, oil and gas, medical technology, and life science industries. Kobay Technology Bhd. was founded in 1984 and is headquartered in George Town, Malaysia.
Stock analysis
Kobay Tech Bhd (6971) currently trades at 2.24 MYR, while our model-based Fair Value estimate is 2.57 MYR, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3.16 MYR per share, and 13 of the 24 models we run sit above the 2.24 MYR price.
Bear case: the Economic Profit group reads lowest at 1.10 MYR, and 11 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.44 MYR (bear) to 3.68 MYR (bull), the price of 2.24 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 69/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kobay Tech Bhd reported revenue of 532M MYR in FY2026 versus 354M MYR in FY2022, a compound +10.7%/yr. Reported net income was 49.0M MYR in FY2026, compounding −1.2%/yr from FY2022.
Key figures
Market cap 717M MYR (≈ $177M) Micro · P/E ratio 14.6 · P/S ratio 1.35 · EPS (TTM) 0.1531 MYR · Net margin 9.2% · Return on equity 12.9% · Return on assets (EBIT) 6.6% (5-year average) · Operating margin 10.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 15%, 6971 screens cheaper than that median.
Fair Value models
Bear1.44 MYRFair Value 2.57 MYRBull3.68 MYR
Price 2.24 MYR · Upside +14.7%
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 2026 figures (about 4 months old). Earnings retained since then (0.0542 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+53.0%
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.
+19.2%
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.
+27.6%
Start year 2021 (pandemic). Over 10 years: +17.6% a year
Revenue growth 20 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.
+9.0%
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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.
−2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.3%
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.11.8% vs 25.8%, slowing
Profit margin 2021 to 2026 ⓘ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.20% → 11%
2026 sits 136% 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 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+25.1%
Yearly growth needed for the next five years to justify today's price.
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 +22.6% a year for the price.
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.Metal Fabrication · 260 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+14.7% · Above median
Profitability
Return on equity (12 months)12.9% · Top 25%
Return on assets7.2% · Top 25%
Net margin (12 months)9.2% · Above median
Operating margin (12 months)10.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)54.4% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (12 months)14.6× · Cheaper than median
P/B1.76× · Cheaper than median
P/S (12 months)1.35× · Cheaper than median
Price / free cash flow (fiscal year)23.7× · Pricier than median
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). "Kobay Tech Bhd Fair Value". https://www.fairvalue-calculator.com/stock/6971
Frequently asked questions
Is Kobay Tech Bhd (6971) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 2.57 MYR versus a price of 2.24 MYR, about +15% upside (undervalued).
What is the fair value of 6971?
Our model-based fair value for Kobay Tech Bhd is 2.57 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 2.24 MYR.
What is the quality score of 6971?
Kobay Tech Bhd has a Quality Score of 69/100. 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 Kobay Tech Bhd (6971)?
Our model-based price target is the fair value of 2.57 MYR (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 1.44 MYR, optimistic scenario 3.68 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Kobay Tech Bhd stock forecast for 2026?
Our models put fair value at 2.57 MYR, about +15% upside versus a price of 2.24 MYR (undervalued). Cautious scenario 1.44 MYR, optimistic scenario 3.68 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Kobay Tech Bhd (6971)?
Kobay Tech Bhd reported trailing-twelve-month revenue of about 532M MYR (latest available figure, as of Nov 8, 2026).
What growth is priced into Kobay Tech Bhd (6971)?
For today's price to be fair in a discounted-cash-flow model, Kobay Tech Bhd would have to grow free cash flow by +25.1 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6971 use?
Our models discount Kobay Tech Bhd at 14.2 %: a base by market capitalisation (micro), damped by beta 1.04, 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 Kobay Tech Bhd that is +25.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Kobay Tech Bhd (6971) delivered so far?
Over the past 5 years revenue at Kobay Tech Bhd grew +27.6 % a year. The price currently implies free-cash-flow growth of +25.1 % 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 Kobay Tech Bhd (6971) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Kobay Tech Bhd (+25.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kobay Tech Bhd (6971)?
The free-cash-flow yield on the price is 4.23 %: that much free cash flow Kobay Tech Bhd produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kobay Tech Bhd (6971)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kobay Tech Bhd it is 2.57 MYR per share (as of Nov 8, 2026), against a price of 2.24 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 Kobay Tech Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6971 trades below its calculated fair value: price 2.24 MYR, fair value 2.57 MYR, a gap of about +15% (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 6971?
No. The price is what the market pays today (2.24 MYR); the fair value is what the company's own numbers justify (2.57 MYR). For Kobay Tech Bhd the two are 0.3300 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Kobay Tech Bhd worth?
The market values Kobay Tech Bhd at about 717M MYR (market capitalisation, as of Nov 8, 2026). Per share that is 2.24 MYR; our models calculate a fair value of 2.57 MYR per share.
What do the bullish and bearish scenarios say about 6971?
Our models span a range for Kobay Tech Bhd: cautious scenario 1.44 MYR, base 2.57 MYR, optimistic 3.68 MYR per share (as of Nov 8, 2026, price 2.24 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6971?
Kobay Tech Bhd trades at a price-to-earnings ratio of 14.6 (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 2.57 MYR is built from several models across several years. Other multiples: P/B 1.8, P/S 1.3, EV/EBITDA 8.4.
How solid is the balance sheet of Kobay Tech Bhd (6971)?
Balance-sheet figures for Kobay Tech Bhd (as of Nov 8, 2026): return on equity 12.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 6971 from its 52-week high?
Kobay Tech Bhd trades at 2.24 MYR, about 16% below its 52-week high of 2.68 MYR and 72% above the low of 1.30 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.57 MYR is for.
Which stocks are comparable to Kobay Tech Bhd?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge 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 Kobay Tech Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 2.24 MYR, calculated fair value 2.57 MYR (+15%), Quality Score 69/100, 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 6971 calculated?
We run Kobay Tech 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 2.57 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. Kobay Tech Bhd currently trades 13% 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 Kobay Tech Bhd (6971)?
The closing price on Nov 6, 2026 was 2.24 MYR. Our model-based fair value is 2.57 MYR, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kobay Tech Bhd right now?
A fairly wide model range (1.44 MYR to 3.68 MYR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Kobay Tech Bhd (6971) come from?
Earnings per share at Kobay Tech Bhd grew +18.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +15.2 %, EBIT margin +0.9 %, tax rate +0.5 %, residual (interest, one-offs) +1.4 %. 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 Kobay Tech Bhd
How large is the market capitalisation of Kobay Tech Bhd (6971)?
The market capitalisation of Kobay Tech Bhd is 717M MYR (≈ $177M). 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 Kobay Tech Bhd (6971)?
The price-to-sales ratio of Kobay Tech Bhd is 1.35 (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 Kobay Tech Bhd (6971)?
Earnings per share at Kobay Tech Bhd are 0.1531 MYR (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kobay Tech Bhd (6971)?
The net margin of Kobay Tech Bhd is 9.2% (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 Kobay Tech Bhd (6971)?
The return on equity (ROE) of Kobay Tech Bhd is 12.9% (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 Kobay Tech Bhd (6971)?
On an EBIT basis the return on assets of Kobay Tech Bhd is 6.6% (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 Kobay Tech Bhd (6971)?
The operating margin of Kobay Tech Bhd is 10.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kobay Tech Bhd (6971)?
Revenue at Kobay Tech Bhd is growing +54.4% versus a year earlier (3y avg +19.2%). 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 Kobay Tech Bhd (6971)?
Earnings per share at Kobay Tech Bhd are growing +19.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kobay Tech Bhd (6971) carry?
The net debt of Kobay Tech Bhd is 82.5M MYR (fiscal year 2026, ≈ 2.7 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