Frontken Corporation (0128) Fair Value & Analysis
Industrials · MY · Market cap 8.1B MYR
Fair value as of: Jul 16, 2026
From 26 valuation models · updated 24 days ago
Share price +9.6% over the past month.
A solid business, but screening 63% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2.45 MYR). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 2.01 MYR – 5.25 MYR · fair‑value band 1.47 MYR – 2.45 MYR · the 5.25 MYR price screens above the 1.96 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Frontken Corporation (0128) currently trades at 5.25 MYR, while our model-based Fair Value estimate is 1.96 MYR, implying the stock looks roughly 62.7% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Frontken Corporation generated revenue of 665M MYR at a net margin of 24.9%. Revenue grew 43.2% year over year. It earns a return on equity of 19.3%. The balance sheet holds a net cash position of 480M MYR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 1.47 MYR (bear case) to 2.45 MYR (bull case); at 5.25 MYR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -63%, 0128 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (2.29 MYR) versus Asset-Based (0.4200 MYR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 75
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Frontken Corporation Berhad, an investment holding company, provides surface treatment, and mechanical and chemical engineering works in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia.
Full company description
Frontken Corporation Berhad, an investment holding company, provides surface treatment, and mechanical and chemical engineering works in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia. The company offers precision cleaning and surface treatment of vacuum processes equipment parts in the semiconductors and TFT industries; decontamination of newly manufactured parts and routine maintenance, and kit management of semiconductor manufacturing components; Surface treatment services, which include thermal spray coatings, arc spray coatings, precision anodization , and precision texturing and polishing; protection, lifetime extension, performance and efficiency improvements via advance surface treatment technology, such as cold build up treatment, plating, plating and conversion coating, and specialized plasma transferred arc welding; equipment maintenance and overhaul, mechanical fitting and assembly, dynamic balancing, heat treatment, on site machining, metal stitching, and laser alignment. The company is also involved in the business of turbo machinery technical engineering services; and surface treatment and advanced precision cleaning for the thin film transistor - liquid crystal display and semi-conductor industries. Frontken Corporation Berhad was founded in 1996 and is headquartered in Petaling Jaya, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Frontken Corporation reported revenue of 608M MYR in FY2025 versus 450M MYR in FY2021, a compound +7.8%/yr. Reported net income was 154M MYR in FY2025, compounding +10.2%/yr from FY2021.
0128 screens 63% overvalued. Compare with Cintas Corporation →
Peer Group
Specialty Business Services · 255 stocks
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.
Valuation Multiples vs Specialty Business Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cintas Corporation CTAS | $206.25 | $95.30 | -54% |
| RELX PLC RELX | $33.70 | $32.49 | -4% |
| Thomson Reuters Corporation TRI | C$133.87 | C$70.40 | -47% |
| Copart, Inc CPRT | $27.61 | $28.59 | +4% |
| Global Payments Inc GPN | $80.49 | $69.67 | -13% |
| RB Global, Inc RBA | C$156.43 | C$49.14 | -69% |
| Brambles Limited BXB | A$18.79 | A$12.28 | -35% |
| UL Solutions Inc ULS | $87.76 | $33.62 | -62% |
| Wolters Kluwer N.V WKL | €62.56 | €103.99 | +66% |
| Aramark ARMK | $56.74 | $13.73 | -76% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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