Kinergy Advancement Berhad, (0193) Fair Value & Analysis
Industrials · MY · Market cap 841M MYR
Fair value as of: Jul 15, 2026
From 15 valuation models · updated 26 days ago
Share price +6.5% over the past month.
Below-average quality, and screening another 39% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.3400 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.
- A fairly wide model range (0.1700 MYR to 0.3400 MYR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 0.2450 MYR – 1.16 MYR · fair‑value band 0.1700 MYR – 0.3400 MYR · the 0.4100 MYR price screens above the 0.2500 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Kinergy Advancement Berhad, (0193) currently trades at 0.4100 MYR, while our model-based Fair Value estimate is 0.2500 MYR, implying the stock looks roughly 39.0% overvalued today. The Quality Score stands at 36/100 (below-average 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, Kinergy Advancement Berhad, generated revenue of 547M MYR at a net margin of 5.8%. Revenue grew 48.8% year over year. It earns a return on equity of 11.0%. Net debt stands at 196M MYR. Fundamentals as of Jul 15, 2026
Our scenario range runs from 0.1700 MYR (bear case) to 0.3400 MYR (bull case); at 0.4100 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 2% below its 52-week high and 34% 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 -39%, 0193 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.
All 15 models by family
Widest divergence: DCF Models (0.4000 MYR) versus Asset-Based (0.1000 MYR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 71
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kinergy Advancement Berhad, 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.
0193 screens 39% overvalued. Compare with Larsen & Toubro Limited →
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.
Valuation Multiples vs Engineering & Construction 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.
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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 15, 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% |
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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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