Lysaght Galvanized Steel Bhd (9199) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lysaght Galvanized Steel Bhd stock MYR 3.25, price MYR 2.49, upside +30.5%, quality 49 out of 100. Rating: undervalued. Calculated from audited financials with 15 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 3, 2026.
How to read this chart
60‑month range 1.25 MYR – 2.90 MYR · fair‑value band 2.15 MYR – 3.67 MYR · the 2.49 MYR price screens below the 3.25 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Lysaght Galvanized Steel Berhad engages in manufacturing and selling galvanized steel products in Malaysia, Singapore, New Zealand, and internationally.
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The company is involved in trade of galvanized steel poles, masts, galvanized lighting columns and high masts, gantries, transmission and telecommunication towers, power poles and general lattice structures, and other related products.
It offers its products under the LYCORPOLE and Safe-T-Pole names to infrastructure, construction, utilities, and telecommunication projects. The company was incorporated in 1979 and is headquartered in Shah Alam, Malaysia.
Lysaght Galvanized Steel Berhad operates as a subsidiary of Lysaght (Malaysia) Sdn. Bhd.
Stock analysis
Lysaght Galvanized Steel Bhd (9199) currently trades at 2.49 MYR, while our model-based Fair Value estimate is 3.25 MYR, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 3.77 MYR per share, and 11 of the 15 models we run sit above the 2.49 MYR price.
Bear case: the Dividend Discount group reads lowest at 1.63 MYR, and 4 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2.15 MYR (bear) to 3.67 MYR (bull), the price of 2.49 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 49/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Lysaght Galvanized Steel Bhd reported revenue of 80.2M MYR in FY2025 versus 57.6M MYR in FY2021, a compound +8.6%/yr. Reported net income was 7.3M MYR in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap 104M MYR (≈ $25.5M) Micro · P/E ratio 14.6 · P/S ratio 1.27 · EPS (TTM) 0.1700 MYR · Dividend yield 6.0% · Net margin 8.5% · Return on equity 4.0% · Return on assets (EBIT) 5.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −36% fair-value upside, at 30%, 9199 screens cheaper than that median.
Fair Value models
Bear2.15 MYRFair Value 3.25 MYRBull3.67 MYR
Price 2.49 MYR · Upside +30.5%
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 (0.0172 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
Residual Income2.90 MYR2.88 MYR2.96 MYR76
EPV3.12 MYR3.30 MYR3.45 MYR70
ROIC Compounder3.12 MYR3.30 MYR3.45 MYR70
All 15 models by family
Earnings-Based
Graham-Dodd1.20 MYR2.59 MYR3.30 MYR66
PEG = 1.00.4000 MYR0.5800 MYR0.7500 MYR57
EPV3.12 MYR3.30 MYR3.45 MYR70
Dividend Discount
Gordon GGM1.16 MYR1.67 MYR2.14 MYR69
DDM Multi-Stage1.16 MYR1.58 MYR1.99 MYR67
Multiples
P/E Multiple2.25 MYR3.00 MYR3.75 MYR63
P/S Multiple2.17 MYR2.89 MYR3.62 MYR58
P/B Multiple1.94 MYR2.59 MYR3.24 MYR55
EV/EBIT4.08 MYR4.85 MYR5.61 MYR63
EV/EBITDA3.84 MYR4.53 MYR5.21 MYR64
EV/Revenue3.77 MYR4.63 MYR5.48 MYR52
Asset-Based
NCAV (Graham)1.83 MYR2.77 MYR3.46 MYR52
Economic Profit
Residual Income2.90 MYR2.88 MYR2.96 MYR76
ROIC Compounder3.12 MYR3.30 MYR3.45 MYR70
Growth Earnings
Growth-Adj P/E1.69 MYR2.41 MYR3.13 MYR67
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.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−15.1%
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.
+4.4%
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.
+7.9%
Start year 2020 (pandemic). Over 10 years: +2.3% 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.
+0.1%
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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.
≈ +22.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +16.5%
Dividend (yield on the price)6.0%
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.base effect: 16.5% / −6.7%
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.7% → 11%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.082 per share, median 0.35 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 · 411 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside+30.5% · Above median
Profitability
Return on equity (12 months)4.0% · Below median
Return on assets4.2% · Above median
Net margin (12 months)8.5% · Top 25%
Operating margin (12 months)−9.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−1.2% · Below median
Dividend yield (12 months)6.0% · 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). "Lysaght Galvanized Steel Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9199
Frequently asked questions
Is Lysaght Galvanized Steel Bhd (9199) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 3.25 MYR versus a price of 2.49 MYR, about +30% upside (undervalued).
What is the fair value of 9199?
Our model-based fair value for Lysaght Galvanized Steel Bhd is 3.25 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 2.49 MYR.
What is the quality score of 9199?
Lysaght Galvanized Steel Bhd has a Quality Score of 49/100. 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 Lysaght Galvanized Steel Bhd (9199)?
Our model-based price target is the fair value of 3.25 MYR (as of Nov 3, 2026) from 15 valuation models. Cautious scenario 2.15 MYR, optimistic scenario 3.67 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Lysaght Galvanized Steel Bhd stock forecast for 2026?
Our models put fair value at 3.25 MYR, about +30% upside versus a price of 2.49 MYR (undervalued). Cautious scenario 2.15 MYR, optimistic scenario 3.67 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Lysaght Galvanized Steel Bhd (9199)?
Lysaght Galvanized Steel Bhd reported trailing-twelve-month revenue of about 81.5M MYR (latest available figure, as of Nov 3, 2026).
Does Lysaght Galvanized Steel Bhd pay a dividend?
Lysaght Galvanized Steel Bhd currently shows a dividend yield of 6.02% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Lysaght Galvanized Steel Bhd (9199) and when is the ex-dividend date?
Lysaght Galvanized Steel Bhd pays a dividend of 0.15 MYR per share a year, a dividend yield of 6.0%. The last ex-dividend date was Sep 7, 2026. A dividend has been paid every year since 2016. The payout ratio is 88.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Lysaght Galvanized Steel Bhd (9199)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lysaght Galvanized Steel Bhd it is 3.25 MYR per share (as of Nov 3, 2026), against a price of 2.49 MYR. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Lysaght Galvanized Steel Bhd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 9199 trades below its calculated fair value: price 2.49 MYR, fair value 3.25 MYR, a gap of about +30% (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 9199?
No. The price is what the market pays today (2.49 MYR); the fair value is what the company's own numbers justify (3.25 MYR). For Lysaght Galvanized Steel Bhd the two are 0.7589 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Lysaght Galvanized Steel Bhd worth?
The market values Lysaght Galvanized Steel Bhd at about 104M MYR (market capitalisation, as of Nov 3, 2026). Per share that is 2.49 MYR; our models calculate a fair value of 3.25 MYR per share.
What do the bullish and bearish scenarios say about 9199?
Our models span a range for Lysaght Galvanized Steel Bhd: cautious scenario 2.15 MYR, base 3.25 MYR, optimistic 3.67 MYR per share (as of Nov 3, 2026, price 2.49 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9199?
Lysaght Galvanized Steel Bhd trades at a price-to-earnings ratio of 14.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.25 MYR is built from several models across several years. Other multiples: P/B 0.6, P/S 1.3, EV/EBITDA 3.6.
How solid is the balance sheet of Lysaght Galvanized Steel Bhd (9199)?
Balance-sheet figures for Lysaght Galvanized Steel Bhd (as of Nov 3, 2026): return on equity 4.0%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 9199 from its 52-week high?
Lysaght Galvanized Steel Bhd trades at 2.49 MYR, about 4% below its 52-week high of 2.60 MYR and 15% above the low of 2.17 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.25 MYR is for.
Which stocks are comparable to Lysaght Galvanized Steel 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 Lysaght Galvanized Steel Bhd stock attractive at the current price?
The data as of Nov 3, 2026: price 2.49 MYR, calculated fair value 3.25 MYR (+30%), Quality Score 49/100, from 15 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 9199 calculated?
We run Lysaght Galvanized Steel Bhd through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 3.25 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. Lysaght Galvanized Steel Bhd currently trades 23% 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 Lysaght Galvanized Steel Bhd (9199)?
The closing price on Nov 6, 2026 was 2.49 MYR. Our model-based fair value is 3.25 MYR, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lysaght Galvanized Steel Bhd right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. 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 Lysaght Galvanized Steel Bhd
How large is the market capitalisation of Lysaght Galvanized Steel Bhd (9199)?
The market capitalisation of Lysaght Galvanized Steel Bhd is 104M MYR (≈ $25.5M). 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 Lysaght Galvanized Steel Bhd (9199)?
The price-to-sales ratio of Lysaght Galvanized Steel Bhd is 1.27 (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 Lysaght Galvanized Steel Bhd (9199)?
Earnings per share at Lysaght Galvanized Steel Bhd are 0.1700 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 dividend yield of Lysaght Galvanized Steel Bhd (9199)?
The dividend yield of Lysaght Galvanized Steel Bhd is 6.0% (payout 88.2%). 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 Lysaght Galvanized Steel Bhd (9199)?
The net margin of Lysaght Galvanized Steel Bhd is 8.5% (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 Lysaght Galvanized Steel Bhd (9199)?
The return on equity (ROE) of Lysaght Galvanized Steel Bhd is 4.0% (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 Lysaght Galvanized Steel Bhd (9199)?
On an EBIT basis the return on assets of Lysaght Galvanized Steel Bhd is 5.0% (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 Lysaght Galvanized Steel Bhd (9199)?
The operating margin of Lysaght Galvanized Steel Bhd is −9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lysaght Galvanized Steel Bhd (9199)?
Revenue at Lysaght Galvanized Steel Bhd is growing −1.2% versus a year earlier (3y avg +4.4%). 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 Lysaght Galvanized Steel Bhd (9199)?
Earnings per share at Lysaght Galvanized Steel Bhd are growing +108% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lysaght Galvanized Steel Bhd (9199) generate?
The free cash flow of Lysaght Galvanized Steel Bhd is −10.1M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Nov 3, 2026