Nestcon Berhad, an investment holding company, (0235) Fair Value & Analysis
Industrials · MY · Market cap 347M MYR
Fair value as of: Jul 16, 2026
From 26 valuation models · updated 25 days ago
Share price +7.9% over the past month.
Below-average quality, and screening another 35% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.3900 MYR). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
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 0.2850 MYR – 0.5800 MYR · fair‑value band 0.2300 MYR – 0.3900 MYR · the 0.4800 MYR price screens above the 0.3100 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
Nestcon Berhad, an investment holding company, (0235) currently trades at 0.4800 MYR, while our model-based Fair Value estimate is 0.3100 MYR, implying the stock looks roughly 35.4% overvalued today. The Quality Score stands at 37/100 (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, Nestcon Berhad, an investment holding company, generated revenue of 724M MYR at a net margin of 1.6%. Revenue grew 0.6% year over year. It earns a return on equity of 7.3%. Net debt stands at 84.4M MYR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.2300 MYR (bear case) to 0.3900 MYR (bull case); at 0.4800 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 near its 52-week high and 71% 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 -35%, 0235 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 26 models by family
Widest divergence: Growth DCF (0.7300 MYR) versus Dividend Discount (0.0400 MYR). Highest evidence: Growth DCF (80).
Notify me when 0235 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
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 38 · Market factors (momentum, volatility) 86
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
Nestcon Berhad, an investment holding company, provides construction services in Malaysia. The company engages in the civil engineering and infrastructure projects, such as earthworks, land reclamation, roadworks, and railway and bridge infrastructure, as well as revetment construction; and building construction projects, including residential, commercial, …
Full company description
Nestcon Berhad, an investment holding company, provides construction services in Malaysia. The company engages in the civil engineering and infrastructure projects, such as earthworks, land reclamation, roadworks, and railway and bridge infrastructure, as well as revetment construction; and building construction projects, including residential, commercial, industrial properties, and mixed development comprising serviced apartments. It is also involved in the EPCC services for solar photovoltaics system; and investment in solar PV plant. In addition, the company engages in the solar energy, solar photovoltaics and facility, engineering, procurement, installation, construction, and project management of all kinds of renewal energy and any related business and services. Nestcon Berhad was founded in 2001 and is headquartered in Puchong, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nestcon Berhad, an investment holding company, reported revenue of 724M MYR in FY2025 versus 358M MYR in FY2021, a compound +19.2%/yr. Reported net income was 11.5M MYR in FY2025, compounding −1.5%/yr from FY2021.
0235 screens 35% 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 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% |
Compare Nestcon Berhad, an investment holding company, with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Nestcon Berhad, an investment holding company, (0235) overvalued or undervalued?
What is the fair value of 0235?
What is the quality score of 0235?
What is the revenue of Nestcon Berhad, an investment holding company, (0235)?
What is the net profit margin of 0235?
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.
Track Nestcon Berhad, an investment holding company, and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.