EN DE

HSS Engineers Berhad, an investment holding company, (0185) Fair Value & Analysis

Industrials · MY · Market cap 203M MYR

HE HSS Engineers Berhad, an investment holding company, 0185 · KLSE
Price0.5300 MYR
Fair Value0.4200 MYR
Upside-20.8%
Quality50/100
Watch HSS Engineers Berhad, an investment holding company, for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 7.3% net margin
Low debt · negative free cash flow
Ranks above peers (9/13)
Narrow moat 44/100
Evidence: High Range 0.3500 MYR – 0.4200 MYR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 26 days ago

Share price +27.7% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.4200 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

1.31 MYR 0.2950 MYR Fair Value 0.4200 MYR Mar 2021 Aug 2026

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 0.2950 MYR – 1.31 MYR · fair‑value band 0.3500 MYR – 0.4200 MYR · the 0.5300 MYR price screens above the 0.4200 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.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

HSS Engineers Berhad, an investment holding company, (0185) currently trades at 0.5300 MYR, while our model-based Fair Value estimate is 0.4200 MYR, implying the stock looks roughly 20.8% overvalued today. The Quality Score stands at 50/100 (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: high).

Over the trailing twelve months, HSS Engineers Berhad, an investment holding company, generated revenue of 215M MYR at a net margin of 7.3%. Revenue declined 10.7% year over year. It earns a return on equity of 5.2%. Net debt stands at 47.6M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.3500 MYR (bear case) to 0.4200 MYR (bull case); at 0.5300 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 about 27% below its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -21%, 0185 screens cheaper 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.

Model 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. Evidence
Highest evidence
Residual Income 0.4000 MYR 0.3900 MYR 0.3300 MYR 76
ROIC Compounder 0.2900 MYR 0.3200 MYR 0.3500 MYR 72
Gordon GGM 0.1000 MYR 0.1700 MYR 0.2200 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.3300 MYR 0.4400 MYR 0.5800 MYR 31
Earnings-Based
Graham-Dodd 0.1800 MYR 0.5700 MYR 0.7500 MYR 54
Lynch FV 0.1200 MYR 0.1800 MYR 0.2300 MYR 50
PEG = 1.0 0.1200 MYR 0.1800 MYR 0.2300 MYR 46
EPV 0.2900 MYR 0.3200 MYR 0.3500 MYR 59
Dividend Discount
Gordon GGM 0.1000 MYR 0.1700 MYR 0.2200 MYR 70
DDM Multi-Stage 0.1000 MYR 0.1500 MYR 0.1800 MYR 61
Multiples
P/E Multiple 0.4200 MYR 0.5600 MYR 0.7100 MYR 63
P/S Multiple 0.3400 MYR 0.4600 MYR 0.5700 MYR 58
P/B Multiple 0.3400 MYR 0.4600 MYR 0.5700 MYR 55
EV/EBIT 0.6400 MYR 0.8400 MYR 1.04 MYR 53
EV/EBITDA 0.5800 MYR 0.7600 MYR 0.9400 MYR 54
EV/Revenue 0.4700 MYR 0.6600 MYR 0.8400 MYR 43
Asset-Based
NCAV (Graham) 0.2900 MYR 0.3900 MYR 0.5900 MYR 50
Economic Profit
Residual Income 0.4000 MYR 0.3900 MYR 0.3300 MYR 76
ROIC Compounder 0.2900 MYR 0.3200 MYR 0.3500 MYR 72
Growth Earnings
Growth-Adj P/E 0.3500 MYR 0.5000 MYR 0.6500 MYR 68

Widest divergence: Multiples (0.5600 MYR) versus Dividend Discount (0.1500 MYR). Highest evidence: Residual Income (76).

Notify me when 0185 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 215M MYR
Revenue growth (YoY) -10.7%
Net margin 7.3%
Return on equity 5.2%
Free cash flow −7.2M MYR FY2025
P/E ratio 13.3
More key figures
Operating margin 14.3%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) +138%
Net debt 47.6M MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 46 · Market factors (momentum, volatility) 51

Profitability 31
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

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

HSS Engineers Berhad, an investment holding company, provides engineering and project management primarily in Malaysia, Iraq, Cambodia, the Philippines, India, and Indonesia.

Full company description

HSS Engineers Berhad, an investment holding company, provides engineering and project management primarily in Malaysia, Iraq, Cambodia, the Philippines, India, and Indonesia. It also involved in engineering and projects management consulting; provision of building information modelling services; IT consulting and technology and drone-related assets across agriculture and engineering industries. HSS Engineers Berhad was founded in 2001 and is headquartered in Kuala Lumpur, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HSS Engineers Berhad, an investment holding company, reported revenue of 222M MYR in FY2025 versus 165M MYR in FY2021, a compound +7.8%/yr. Reported net income was 13.7M MYR in FY2025, compounding +45.8%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
222M MYR
Latest YoY
+10.5%
Avg. growth/yr (3Y) 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.
+6.1%
Avg. growth/yr (5Y) 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.
+5.5%
Avg. growth/yr (10Y) 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.
+6.2%
Revenue +7.8%/yr
FY21 165M MYR
FY22 186M MYR
FY23 187M MYR
FY24 201M MYR
FY25 222M MYR
Net income +45.8%/yr
FY21 3.0M MYR
FY22 15.1M MYR
FY23 20.5M MYR
FY24 25.1M MYR
FY25 13.7M MYR

0185 screens 21% overvalued. Compare with Larsen & Toubro Limited →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "HSS Engineers Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0185

Peer Group

Engineering & Construction · 839 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.

Quality Score 50 · Above median
Fair Value upside −21% · Below median
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth -11% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 13.3× · Cheaper than median
P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 0.23× · Cheaper than median
EV/EBITDA 0.7× · Cheaper than 75% of peers

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 6 · sector 16
FUTURE 0 · sector 17
PAST 21 · sector 26
HEALTH 100 · sector 94
DIVIDEND 0 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare HSS Engineers Berhad, an investment holding company, with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is HSS Engineers Berhad, an investment holding company, (0185) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.4200 MYR versus a price of 0.5300 MYR, about −21% (overvalued).
What is the fair value of 0185?
Our model-based fair value for HSS Engineers Berhad, an investment holding company, is 0.4200 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.5300 MYR.
What is the quality score of 0185?
HSS Engineers Berhad, an investment holding company, has a Quality Score of 50/100. 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 revenue of HSS Engineers Berhad, an investment holding company, (0185)?
HSS Engineers Berhad, an investment holding company, reported trailing-twelve-month revenue of about 215M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 0185?
The net profit margin of HSS Engineers Berhad, an investment holding company, is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track HSS Engineers Berhad, an investment holding company, and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.