Pekat Group (0233) Fair Value & Analysis
Technology · MY · Market cap 1.3B MYR
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 24 days ago
Fair value updated Jul 17, 2026, revised from 1.28 MYR to 1.27 MYR (−0.8%) since Jul 6, 2026. Share price +3.4% over the past month.
Below-average quality, and screening another 31% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (1.61 MYR). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (0.8700 MYR to 1.61 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 17, 2026.
How to read this chart
60‑month range 0.3744 MYR – 1.89 MYR · fair‑value band 0.8700 MYR – 1.61 MYR · the 1.85 MYR price screens above the 1.27 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Pekat Group (0233) currently trades at 1.85 MYR, while our model-based Fair Value estimate is 1.27 MYR, implying the stock looks roughly 31.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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, Pekat Group generated revenue of 627M MYR at a net margin of 7.2%. Revenue grew 11.7% year over year. It earns a return on equity of 17.1%. Net debt stands at 73.2M MYR. Fundamentals as of Jul 17, 2026
Our scenario range runs from 0.8700 MYR (bear case) to 1.61 MYR (bull case); at 1.85 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 3% below its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -7% fair-value upside, at -31%, 0233 screens richer 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 26 models by family
Widest divergence: Growth Earnings (2.87 MYR) versus Dividend Discount (0.1200 MYR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 72
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
Pekat Group Berhad, together with its subsidiaries, engages in the design, supply, and installation of solar photovoltaic systems and power plants in Malaysia.
Full company description
Pekat Group Berhad, together with its subsidiaries, engages in the design, supply, and installation of solar photovoltaic systems and power plants in Malaysia. It supplies and installs earthing and lighting protection systems for buildings, facilities, and structures, as well as acts as a specialist subcontractors for earthing and lightning protection systems to contractors or mechanical and electrical contractors. The company distributes electrical products and accessories, including earthing and lightning related products, solar photovoltaic related products, surge protection devices, and aviation warning light systems, as well as engages in manufacture, engineering and project activities, and provision of a range of products and services to the generation, transmission, and distribution sectors. The company was incorporated in 1999 and is based in Petaling Jaya, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Pekat Group reported revenue of 610M MYR in FY2025 versus 179M MYR in FY2021, a compound +35.9%/yr. Reported net income was 45.1M MYR in FY2025, compounding +37.3%/yr from FY2021.
0233 screens 31% overvalued. Compare with First Solar, Inc →
Peer Group
Solar · 118 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 Solar 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 Solar stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $221.03 | $284.45 | +29% |
| Nextpower Inc NXT | $111.50 | $69.61 | -38% |
| Waaree Energies Limited WAAREEENER | ₹2,923 | ₹3,613 | +24% |
| Tongwei Co 600438 | ¥13.08 | ¥12.13 | -7% |
| Jinko Solar Co 688223 | ¥4.39 | ¥4.75 | +8% |
| Hengdian Group 002056 | ¥21.64 | ¥22.76 | +5% |
| CSI Solar Co 688472 | ¥10.11 | ¥7.01 | -31% |
| Enphase Energy, Inc ENPH | $44.83 | $22.20 | -50% |
| Premier Energies Limited PREMIERENE | ₹1,086 | ₹912.32 | -16% |
| Trina Solar Co 688599 | ¥12.98 | ¥7.97 | -39% |
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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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