TCS Group (0221) Fair Value & Analysis
Industrials · MY · Market cap 56.2M MYR
Fair value as of: Jul 16, 2026
From 15 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from 0.0720 MYR to 0.0713 MYR (−1.0%) since Jun 26, 2026. Share price −5.9% over the past month.
Below-average quality, and screening another 11% overvalued on our models.
What matters now
- Our model range runs from 0.0563 MYR (bear) to 0.0788 MYR (bull), base 0.0713 MYR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 36/100 (below-average quality) with medium evidence: read the verdict with care.
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 0.0750 MYR – 0.6497 MYR · fair‑value band 0.0563 MYR – 0.0788 MYR · the 0.0800 MYR price screens above the 0.0713 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
TCS Group (0221) currently trades at 0.0800 MYR, while our model-based Fair Value estimate is 0.0713 MYR, implying the stock looks roughly 10.9% 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: medium).
Over the trailing twelve months, TCS Group generated revenue of 430M MYR at a net margin of 0.5%. Revenue grew 175.2% year over year. It earns a return on equity of 2.6%. Net debt stands at 18.1M MYR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.0563 MYR (bear case) to 0.0788 MYR (bull case); at 0.0800 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 43% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -11%, 0221 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 (0.1100 MYR) versus Earnings-Based (0.0400 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 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 24
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
TCS Group Holdings Berhad, an investment holding company, provides construction services for buildings, infrastructure, civil, and structural works in Malaysia.
Full company description
TCS Group Holdings Berhad, an investment holding company, provides construction services for buildings, infrastructure, civil, and structural works in Malaysia. The company's services cover residential buildings, including terrace houses, bungalows, apartments, and condominiums; commercial buildings, such as shop offices, shopping complexes, and purpose-built buildings; and civil works comprising construction of roads, water and sewerage treatment plants, electrical substations, water tanks, and reticulation systems for townships. It provides solutions harnessing natural resources; infrastructure and civil engineering work, including earthworks, roads and drainage, sewerage, wastewater and water treatment plants, highways, and bridges; design and build industrial and institutional building; piling and geotechnical services comprising bored piles, driven and jack-in-piles, and micro piles; earth retaining structure; basements structure; and soil investigation, soil and ground improvement, slope stabilization and protection, and ground anchors and steel strutting services. In addition, the company engages in the rental of properties and transportation support activities. TCS Group Holdings Berhad was founded in 1999 and is based in Jenjarom, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TCS Group reported revenue of 356M MYR in FY2025 versus 204M MYR in FY2021, a compound +14.9%/yr. Reported net income was 2.3M MYR in FY2025, compounding −2.4%/yr from FY2021.
0221 screens 11% 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.
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 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% |
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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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