Kejuruteraan Asastera Bhd (0193) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kejuruteraan Asastera Bhd MYR 0.18, price MYR 0.42, upside -56.6%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.2450 MYR – 0.9000 MYR · fair‑value band 0.0700 MYR – 0.3500 MYR · the 0.4150 MYR price screens above the 0.1800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Kinergy Advancement Berhad, together with its subsidiaries, provides electrical and mechanical engineering services for commercial, industrial, and residential infrastructure in Malaysia, Vietnam, Thailand, Indonesia, and Hong Kong. The company operates through Engineering and Sustainable Energy Solutions segments.
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Kinergy Advancement Berhad, together with its subsidiaries, provides electrical and mechanical engineering services for commercial, industrial, and residential infrastructure in Malaysia, Vietnam, Thailand, Indonesia, and Hong Kong. The company operates through Engineering and Sustainable Energy Solutions segments. It offers high and low voltage electrical installation, ventilation and air-conditioning systems, and maintenance services; extra low voltage electrical installation and ICT solutions, such as security, building services, and hospitality systems; and operation and maintenance services comprising project inspection and factory acceptance test services. The company also provides chiller optimization services, cogeneration, and waste heat recovery system services; solar photovoltaics, biogas power, and hydroelectric power generation services; and building management system, as well as various financing solutions. In addition, it offers investment properties and management; green technology engineering; technical consultancy services; energy solution and service; accounting, finance, administrative, human resources and management services; and maintenance services to electrical equipment and facilities. Further, it engages in the operation of telecommunication infrastructure; distributing, marketing, selling, and other ancillary services for ultraviolet and disinfection system and other robotic solutions; transmission, distribution, and sale of electricity; design, installation, and commissioning of energy monitoring and saving software; engineering, procurement, construction, and commission services for solar photovoltaic systems; general trading; construction of electrical works; and other specialized construction activities. The company was formerly known as Kejuruteraan Asastera Berhad and changed its name to Kinergy Advancement Berhad in June 2023. The company was incorporated in 1997 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Kejuruteraan Asastera Bhd (0193) currently trades at 0.4150 MYR, while our model-based Fair Value estimate is 0.1800 MYR, implying the stock looks roughly 130.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.4300 MYR per share, and 2 of the 15 models we run sit above the 0.4150 MYR price.
Bear case: the Economic Profit group reads lowest at 0.0900 MYR, and 13 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0700 MYR (bear) to 0.3500 MYR (bull), the price of 0.4150 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 36/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kejuruteraan Asastera Bhd reported revenue of 478M MYR in FY2025 versus 175M MYR in FY2021, a compound +28.6%/yr. Reported net income was 27.9M MYR in FY2025, compounding +61.8%/yr from FY2021.
Key figures
Market cap 907M MYR (≈ $222M) · P/E ratio 41.5 · P/S ratio 2.42 · EPS (TTM) 0.0100 MYR · Net margin 5.8% · Return on equity 10.2% · Return on assets (EBIT) 3.4% · Operating margin 11.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −57%, 0193 screens richer than that median.
Fair Value models
Bear 0.0700 MYRFair Value 0.1800 MYRBull 0.3500 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0073 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.Evidence ⓘEvidence = 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+117.4%
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.
+36.8%
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.
+26.0%
Start year 2020 (pandemic). Over 10 years: +18.6% a year
Revenue growth 10 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.
+18.6%
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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.
+38.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.4%
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.32% vs 8%, picking up
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% → 9%
2025 sits 233% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Kejuruteraan Asastera 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.Engineering & Construction · 839 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−57% · Bottom 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets6% · Top 25%
Net margin (TTM)6% · Above median
Operating margin (TTM)11% · Top 25%
Growth and dividend
Revenue growth49% · Top 25%
Balance sheet
Debt / equity0.50× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)41.5× · Priciest 25%
P/B0.72× · Cheaper than median
P/S (TTM)0.44× · Cheaper than median
EV/EBITDA5.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)100· sector 11
PAST (return on equity)41· sector 29
HEALTH (low debt)75· sector 94
DIVIDEND (yield)0· sector 41
VALUE 0: the price sits above our fair-value range.
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). "Kejuruteraan Asastera Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0193
Frequently asked questions
Is Kejuruteraan Asastera Bhd (0193) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1800 MYR versus a price of 0.4150 MYR, about −57% upside (overvalued).
What is the fair value of 0193?
Our model-based fair value for Kejuruteraan Asastera Bhd is 0.1800 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.4150 MYR.
What is the quality score of 0193?
Kejuruteraan Asastera Bhd has a Quality Score of 36/100. 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 Kejuruteraan Asastera Bhd (0193)?
Our model-based price target is the fair value of 0.1800 MYR (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 0.0700 MYR, optimistic scenario 0.3500 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Kejuruteraan Asastera Bhd stock forecast for 2026?
Our models put fair value at 0.1800 MYR, about −57% upside versus a price of 0.4150 MYR (overvalued). Cautious scenario 0.0700 MYR, optimistic scenario 0.3500 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Kejuruteraan Asastera Bhd (0193)?
Kejuruteraan Asastera Bhd reported trailing-twelve-month revenue of about 512M MYR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Kejuruteraan Asastera Bhd (0193)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kejuruteraan Asastera Bhd it is 0.1800 MYR per share (as of Sep 24, 2026), against a price of 0.4150 MYR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Kejuruteraan Asastera Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0193 trades above its calculated fair value: price 0.4150 MYR, fair value 0.1800 MYR, a gap of about −57% (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 0193?
No. The price is what the market pays today (0.4150 MYR); the fair value is what the company's own numbers justify (0.1800 MYR). For Kejuruteraan Asastera Bhd the two are 0.2350 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Kejuruteraan Asastera Bhd worth?
The market values Kejuruteraan Asastera Bhd at about 907M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.4150 MYR; our models calculate a fair value of 0.1800 MYR per share.
What do the bullish and bearish scenarios say about 0193?
Our models span a range for Kejuruteraan Asastera Bhd: cautious scenario 0.0700 MYR, base 0.1800 MYR, optimistic 0.3500 MYR per share (as of Sep 24, 2026, price 0.4150 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0193?
Kejuruteraan Asastera Bhd trades at a price-to-earnings ratio of 41.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.1800 MYR is built from several models across several years. Other multiples: P/B 0.7, P/S 0.4, EV/EBITDA 5.4.
How solid is the balance sheet of Kejuruteraan Asastera Bhd (0193)?
Balance-sheet figures for Kejuruteraan Asastera Bhd (as of Sep 24, 2026): return on equity 10.2%, debt of 0.50 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 0193 from its 52-week high?
Kejuruteraan Asastera Bhd trades at 0.4150 MYR, about 2% below its 52-week high of 0.4250 MYR and 15% above the low of 0.3600 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1800 MYR is for.
Which stocks are comparable to Kejuruteraan Asastera Bhd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Kejuruteraan Asastera Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.4150 MYR, calculated fair value 0.1800 MYR (−57%), Quality Score 36/100, 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 0193 calculated?
We run Kejuruteraan Asastera Bhd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.1800 MYR, 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 13.0 % above its aggregate fair value. Kejuruteraan Asastera 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 Kejuruteraan Asastera Bhd (0193)?
The closing price on Sep 24, 2026 was 0.4150 MYR. Our model-based fair value is 0.1800 MYR, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kejuruteraan Asastera Bhd right now?
The price sits above even our optimistic bull case (0.3500 MYR). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (0.0700 MYR to 0.3500 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Kejuruteraan Asastera Bhd
How large is the market capitalisation of Kejuruteraan Asastera Bhd (0193)?
The market capitalisation of Kejuruteraan Asastera Bhd is 907M MYR (≈ $222M). 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 Kejuruteraan Asastera Bhd (0193)?
The price-to-sales ratio of Kejuruteraan Asastera Bhd is 2.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kejuruteraan Asastera Bhd (0193)?
Earnings per share at Kejuruteraan Asastera Bhd are 0.0100 MYR (price ÷ EPS = P/E 41.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kejuruteraan Asastera Bhd (0193)?
The net margin of Kejuruteraan Asastera Bhd is 5.8% (fiscal year 2025). 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 Kejuruteraan Asastera Bhd (0193)?
The return on equity (ROE) of Kejuruteraan Asastera Bhd is 10.2% (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 Kejuruteraan Asastera Bhd (0193)?
On an EBIT basis the return on assets of Kejuruteraan Asastera Bhd is 3.4% (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 Kejuruteraan Asastera Bhd (0193)?
The operating margin of Kejuruteraan Asastera 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 Kejuruteraan Asastera Bhd (0193)?
Revenue at Kejuruteraan Asastera Bhd is growing +48.8% versus a year earlier (3y avg +36.8%). 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 Kejuruteraan Asastera Bhd (0193)?
Earnings per share at Kejuruteraan Asastera Bhd are growing +16.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kejuruteraan Asastera Bhd (0193) generate?
The free cash flow of Kejuruteraan Asastera Bhd is −15.2M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kejuruteraan Asastera Bhd (0193) carry?
The net debt of Kejuruteraan Asastera Bhd is 196M MYR (fiscal year 2025). 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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