TCS Group Holdings Bhd (0221) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of TCS Group Holdings Bhd MYR 0.06, price MYR 0.09, upside -30.0%, quality 35 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 23, 2026.
How to read this chart
60‑month range 0.0750 MYR – 0.5525 MYR · fair‑value band 0.0540 MYR – 0.0810 MYR · the 0.0900 MYR price screens above the 0.0630 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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TCS Group Holdings Berhad, an investment holding company, provides construction services for buildings, infrastructure, civil, and structural works in Malaysia.
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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.
Stock analysis
TCS Group Holdings Bhd (0221) currently trades at 0.0900 MYR, while our model-based Fair Value estimate is 0.0630 MYR, implying the stock looks roughly 42.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.2200 MYR per share, and 5 of the 15 models we run sit above the 0.0900 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0400 MYR, and 10 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0540 MYR (bear) to 0.0810 MYR (bull), the price of 0.0900 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 35/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
TCS Group Holdings Bhd 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.
Key figures
Market cap 59.5M MYR (≈ $14.6M) · P/S ratio 0.12 · Net margin 0.6% · Return on equity 2.6% · Return on assets (EBIT) −1.3% · Operating margin 0.7% · Revenue (TTM) 430M MYR · Revenue growth (YoY) +175%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −30%, 0221 screens cheaper than that median.
Fair Value models
Bear 0.0540 MYRFair Value 0.0630 MYRBull 0.0810 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.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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−9.4%
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.
+10.8%
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.
+8.0%
Start year 2020 (pandemic)
Revenue growth 9 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.
+14.7%
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What shareholders gained per year (last 5 years), in MYR ⓘ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. 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.
−33.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−33.6%
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.−34% vs −16%, slowing
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.10% → 1%
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 · 838 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−30% · Below median
Profitability
Return on equity (TTM)3% · Below median
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)1% · Below median
Growth and dividend
Revenue growth175% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B0.17× · Cheapest 25%
P/S (TTM)0.03× · Cheapest 25%
EV/EBITDA1.1× · Cheapest 25%
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)10· sector 29
HEALTH (low debt)97· 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). "TCS Group Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0221
Frequently asked questions
Is TCS Group Holdings Bhd (0221) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.0630 MYR versus a price of 0.0900 MYR, about −30% upside (overvalued).
What is the fair value of 0221?
Our model-based fair value for TCS Group Holdings Bhd is 0.0630 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.0900 MYR.
What is the quality score of 0221?
TCS Group Holdings Bhd has a Quality Score of 35/100. 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 TCS Group Holdings Bhd (0221)?
Our model-based price target is the fair value of 0.0630 MYR (as of Sep 23, 2026) from 15 valuation models. Cautious scenario 0.0540 MYR, optimistic scenario 0.0810 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the TCS Group Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0630 MYR, about −30% upside versus a price of 0.0900 MYR (overvalued). Cautious scenario 0.0540 MYR, optimistic scenario 0.0810 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of TCS Group Holdings Bhd (0221)?
TCS Group Holdings Bhd reported trailing-twelve-month revenue of about 430M MYR (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of TCS Group Holdings Bhd (0221)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TCS Group Holdings Bhd it is 0.0630 MYR per share (as of Sep 23, 2026), against a price of 0.0900 MYR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is TCS Group Holdings Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0221 trades above its calculated fair value: price 0.0900 MYR, fair value 0.0630 MYR, a gap of about −30% (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 0221?
No. The price is what the market pays today (0.0900 MYR); the fair value is what the company's own numbers justify (0.0630 MYR). For TCS Group Holdings Bhd the two are 0.0270 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is TCS Group Holdings Bhd worth?
The market values TCS Group Holdings Bhd at about 59.5M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.0900 MYR; our models calculate a fair value of 0.0630 MYR per share.
What do the bullish and bearish scenarios say about 0221?
Our models span a range for TCS Group Holdings Bhd: cautious scenario 0.0540 MYR, base 0.0630 MYR, optimistic 0.0810 MYR per share (as of Sep 23, 2026, price 0.0900 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TCS Group Holdings Bhd (0221)?
Balance-sheet figures for TCS Group Holdings Bhd (as of Sep 23, 2026): return on equity 2.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 0221 from its 52-week high?
TCS Group Holdings Bhd trades at 0.0900 MYR, about 31% below its 52-week high of 0.1300 MYR and 20% above the low of 0.0750 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0630 MYR is for.
Which stocks are comparable to TCS Group Holdings 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 TCS Group Holdings Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.0900 MYR, calculated fair value 0.0630 MYR (−30%), Quality Score 35/100, 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 0221 calculated?
We run TCS Group Holdings 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 0.0630 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 13.2 % above its aggregate fair value. TCS Group Holdings 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 TCS Group Holdings Bhd (0221)?
The closing price on Sep 24, 2026 was 0.0900 MYR. Our model-based fair value is 0.0630 MYR, about −30% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TCS Group Holdings Bhd right now?
The price sits above even our optimistic bull case (0.0810 MYR). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 TCS Group Holdings Bhd
How large is the market capitalisation of TCS Group Holdings Bhd (0221)?
The market capitalisation of TCS Group Holdings Bhd is 59.5M MYR (≈ $14.6M). 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 TCS Group Holdings Bhd (0221)?
The price-to-sales ratio of TCS Group Holdings Bhd is 0.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of TCS Group Holdings Bhd (0221)?
The net margin of TCS Group Holdings Bhd is 0.6% (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 TCS Group Holdings Bhd (0221)?
The return on equity (ROE) of TCS Group Holdings Bhd is 2.6% (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 TCS Group Holdings Bhd (0221)?
On an EBIT basis the return on assets of TCS Group Holdings Bhd is −1.3% (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 TCS Group Holdings Bhd (0221)?
The operating margin of TCS Group Holdings Bhd is 0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TCS Group Holdings Bhd (0221)?
Revenue at TCS Group Holdings Bhd is growing +175% versus a year earlier (3y avg +10.8%). 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 TCS Group Holdings Bhd (0221)?
Earnings per share at TCS Group Holdings Bhd are growing −33.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TCS Group Holdings Bhd (0221) generate?
The free cash flow of TCS Group Holdings Bhd is −10.9M 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 TCS Group Holdings Bhd (0221) carry?
The net debt of TCS Group Holdings Bhd is 18.1M 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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