MN Holdings (0245) Fair Value & Analysis
Industrials · MY · Market cap 1.9B MYR
Fair value as of: Jul 17, 2026
From 26 valuation models · updated 24 days ago
Share price +10.6% over the past month.
A solid business, but screening 59% overvalued on our models.
What matters now
- The model range is unusually wide (0.9605 MYR to 3.62 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 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
51‑month range 0.1946 MYR – 3.12 MYR · fair‑value band 0.9605 MYR – 3.62 MYR · the 3.12 MYR price screens above the 1.28 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
MN Holdings (0245) currently trades at 3.12 MYR, while our model-based Fair Value estimate is 1.28 MYR, implying the stock looks roughly 59.1% overvalued today. The Quality Score stands at 60/100 (solid 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, MN Holdings generated revenue of 842M MYR at a net margin of 9.5%. Revenue grew 57.0% year over year. It earns a return on equity of 29.8%. The stock trades on a trailing P/E of 21.1. Fundamentals as of Jul 17, 2026
Our scenario range runs from 0.9605 MYR (bear case) to 3.62 MYR (bull case); at 3.12 MYR, the current price sits within 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 152% 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 -59%, 0245 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 (3.27 MYR) versus Dividend Discount (0.0100 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 63 · Market factors (momentum, volatility) 92
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
MN Holdings Berhad, an investment holding company, provides underground utilities engineering and substation engineering services and solutions in Malaysia.
Full company description
MN Holdings Berhad, an investment holding company, provides underground utilities engineering and substation engineering services and solutions in Malaysia. The company procures, supplies, delivers, installs, lays, constructs, tests, commissions, inspects, repairs, and maintains power and auxiliary cables, and accessories for electricity transmission and distribution; telecommunication and fiber optic network for fixed and mobile telephony services; sewerage pipelines for transportation of sewage; and drainage pipelines for transportation of water. It is also involved in the design and establishment of indoor and outdoor electrical substations, structural and civil construction for medium and high voltage power substations, medium and high voltage underground cabling, and overhead line systems for transmission and distribution lines; and project management, construction, installation, testing, and commissioning of medium and high voltage power substations, medium and high voltage underground cabling systems, and overhead line systems for transmission and distribution lines. In addition, the company distributes power control systems and components for substations; and provides pipe jacking and aerial bundled cable engineering services and solutions. The company serves power, gas, sewerage, and telecommunications industries. MN Holdings Berhad was founded in 2007 and is headquartered in Subang Jaya, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MN Holdings reported revenue of 540M MYR in FY2025 versus 115M MYR in FY2021, a compound +47.2%/yr. Reported net income was 47.7M MYR in FY2025, compounding +55.7%/yr from FY2021.
0245 screens 59% 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.
Insider activity: 40/100
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 17, 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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