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Steel Hawk Berhad, an investment holding company, (0320) Fair Value & Analysis

Energy · MY · Market cap 83.4M MYR

SH Steel Hawk Berhad, an investment holding company, 0320 · KLSE
Price0.1300 MYR
Fair Value0.2100 MYR
Upside+61.5%
Quality38/100
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Expensive Growth
Thin margins · 7.7% net margin
Low debt · negative free cash flow
Ranks above peers (9/12)
Moderate moat 54/100
Evidence: High Range 0.1540 MYR – 0.4130 MYR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.3000 MYR to 0.2100 MYR (−30.0%) since Jun 26, 2026. Share price −25.7% over the past month.

Below-average quality, screening 62% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.1540 MYR). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (0.1540 MYR to 0.4130 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

0.7500 MYR 0.1120 MYR Fair Value 0.2100 MYR Oct 2021 Aug 2026

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

57‑month range 0.1120 MYR – 0.7500 MYR · fair‑value band 0.1540 MYR – 0.4130 MYR · the 0.1300 MYR price screens below the 0.2100 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.

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Analysis

Steel Hawk Berhad, an investment holding company, (0320) currently trades at 0.1300 MYR, while our model-based Fair Value estimate is 0.2100 MYR, implying the stock looks roughly 61.5% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Steel Hawk Berhad, an investment holding company, generated revenue of 90.5M MYR at a net margin of 7.7%. Revenue declined 60.5% year over year. It earns a return on equity of 11.9%. Net debt stands at 44.6M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.1540 MYR (bear case) to 0.4130 MYR (bull case); at 0.1300 MYR, the current price sits below 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 78% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -36% fair-value upside, at 62%, 0320 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.

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
Highest evidence
Residual Income 0.1400 MYR 0.2000 MYR 0.8100 MYR 76
ROIC Compounder 0.3300 MYR 0.4600 MYR 0.6000 MYR 72
Gordon GGM 0.0100 MYR 0.0200 MYR 0.0300 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.3400 MYR 0.6500 MYR 1.20 MYR 31
Earnings-Based
Graham-Dodd 0.1800 MYR 1.26 MYR 1.78 MYR 54
Lynch FV 0.5600 MYR 0.8000 MYR 1.04 MYR 50
PEG = 1.0 0.5600 MYR 0.8000 MYR 1.04 MYR 46
EPV 0.2700 MYR 0.3000 MYR 0.3200 MYR 59
Dividend Discount
Gordon GGM 0.0100 MYR 0.0200 MYR 0.0300 MYR 70
DDM Multi-Stage 0.0100 MYR 0.0200 MYR 0.0200 MYR 61
Multiples
P/E Multiple 0.4000 MYR 0.5300 MYR 0.6700 MYR 63
P/S Multiple 0.3400 MYR 0.4500 MYR 0.5700 MYR 58
P/B Multiple 0.2800 MYR 0.3700 MYR 0.4600 MYR 55
EV/EBIT 0.6300 MYR 0.8300 MYR 1.04 MYR 53
EV/EBITDA 0.4900 MYR 0.6500 MYR 0.8100 MYR 54
EV/Revenue 0.4300 MYR 0.6000 MYR 0.7800 MYR 43
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1200 MYR 50
Economic Profit
Residual Income 0.1400 MYR 0.2000 MYR 0.8100 MYR 76
ROIC Compounder 0.3300 MYR 0.4600 MYR 0.6000 MYR 72
Growth Earnings
Growth-Adj P/E 0.7400 MYR 1.06 MYR 1.38 MYR 68

Widest divergence: Growth Earnings (1.06 MYR) versus Dividend Discount (0.0200 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 90.5M MYR
Revenue growth (YoY) -60.5%
Net margin 7.7%
Return on equity 11.9%
Free cash flow −24.2M MYR FY2025
P/E ratio 18.5
More key figures
Operating margin 19.4%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) -75.3%
Net debt 44.6M MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 38 · Market factors (momentum, volatility) 15

Profitability 61
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 43
Buybacks instead of dilution

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

Steel Hawk Berhad, an investment holding company, engages in the provision of onshore and offshore support services for the oil and gas (O&G) industry in Malaysia.

Full company description

Steel Hawk Berhad, an investment holding company, engages in the provision of onshore and offshore support services for the oil and gas (O&G) industry in Malaysia. The company operates through three segments: Engineering, Procurement, Construction and Commissioning (EPCC) Services and Facilities Improvement/Maintenance; Installation and Maintenance (I&M) of Oilfield Equipment; and Supply of Oilfield Equipment. It is involved in the provision of EPCC services for chemical injection skids installed at onshore or offshore exploration and production facilities; and improvement and maintenance of O&G facilities, as well as removal, installation, or modification of component parts of structures. The company also engages in the repair, refurbishment, and replacement of oilfield equipment; supply of oilfield equipment, as well as parts and components. Steel Hawk Berhad was incorporated in 2020 and is headquartered in Petaling Jaya, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Steel Hawk Berhad, an investment holding company, reported revenue of 122M MYR in FY2025 versus 24.8M MYR in FY2021, a compound +48.9%/yr. Reported net income was 13.1M MYR in FY2025, compounding +58.4%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
122M MYR
Latest YoY
+55.9%
Avg. growth/yr (3Y) 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.
+22.6%
Revenue +48.9%/yr
FY21 24.8M MYR
FY22 66.3M MYR
FY23 72.5M MYR
FY24 78.4M MYR
FY25 122M MYR
Net income +58.4%/yr
FY21 2.1M MYR
FY22 5.8M MYR
FY23 7.2M MYR
FY24 12.7M MYR
FY25 13.1M MYR

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Cite: Fair Value Calculator (2026). "Steel Hawk Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0320

Peer Group

Oil & Gas Equipment & Services · 191 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.

Quality Score 38 · Bottom 25%
Fair Value upside +62% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth -61% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 17.0× · Cheaper than median
P/B 1.38× · Pricier than median
P/S (TTM) 0.92× · Cheaper than median
EV/EBITDA 5.0× · Cheaper than median

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 100 · sector 0
FUTURE 0 · sector 0
PAST 48 · sector 28
HEALTH 98 · sector 92
DIVIDEND 0 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is Steel Hawk Berhad, an investment holding company, (0320) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.2100 MYR versus a price of 0.1300 MYR, about +62% (undervalued).
What is the fair value of 0320?
Our model-based fair value for Steel Hawk Berhad, an investment holding company, is 0.2100 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.1300 MYR.
What is the quality score of 0320?
Steel Hawk Berhad, an investment holding company, has a Quality Score of 38/100. 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 revenue of Steel Hawk Berhad, an investment holding company, (0320)?
Steel Hawk Berhad, an investment holding company, reported trailing-twelve-month revenue of about 90.5M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 0320?
The net profit margin of Steel Hawk Berhad, an investment holding company, is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.

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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