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CBH Engineering Holding (0339) Fair Value & Analysis

Industrials · MY · Market cap 1.3B MYR

CE CBH Engineering Holding 0339 · KLSE
Price0.7150 MYR
Fair Value0.4700 MYR
Upside-34.3%
Quality66/100
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Healthy Growth
Highly profitable · 22.3% net margin
Low debt · generates free cash flow
0.41% dividend yield
Mixed vs. peers (8/14)
Wide moat 84/100
Evidence: High Range 0.3600 MYR – 0.5700 MYR Share as image

Fair value as of: Jul 16, 2026

From 12 valuation models · updated 25 days ago

A solid business, but screening 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.5700 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (19 months)

0.7250 MYR 0.2040 MYR Fair Value 0.4700 MYR Jan 2025 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

19‑month range 0.2040 MYR – 0.7250 MYR · fair‑value band 0.3600 MYR – 0.5700 MYR · the 0.7150 MYR price screens above the 0.4700 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

CBH Engineering Holding (0339) currently trades at 0.7150 MYR, while our model-based Fair Value estimate is 0.4700 MYR, implying the stock looks roughly 34.3% overvalued today. The Quality Score stands at 66/100 (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, CBH Engineering Holding generated revenue of 272M MYR at a net margin of 22.3%. Revenue grew 145.7% year over year. It earns a return on equity of 29.4%. The stock trades on a trailing P/E of 21.3. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.3600 MYR (bear case) to 0.5700 MYR (bull case); at 0.7150 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 219% 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 -34%, 0339 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
Growth DCF 0.3400 MYR 0.5200 MYR 0.8200 MYR 80
Residual Income 0.1400 MYR 0.1900 MYR 0.5700 MYR 76
Gordon GGM 0.0900 MYR 0.1600 MYR 0.2200 MYR 70
All 12 models by family
DCF Models
Owner Earnings 0.4000 MYR 0.7400 MYR 1.38 MYR 31
5Y P/E Exit 0.3400 MYR 0.6400 MYR 1.05 MYR 38
10Y P/E Exit 0.3400 MYR 0.6400 MYR 1.11 MYR 35
Earnings-Based
Graham-Dodd 0.1700 MYR 1.21 MYR 1.70 MYR 54
Lynch FV 0.6300 MYR 0.8900 MYR 1.16 MYR 50
Dividend Discount
Gordon GGM 0.0900 MYR 0.1600 MYR 0.2200 MYR 70
DDM Multi-Stage 0.0900 MYR 0.1400 MYR 0.1700 MYR 61
Multiples
P/E Multiple 0.2500 MYR 0.3300 MYR 0.4200 MYR 63
P/B Multiple 0.1300 MYR 0.1700 MYR 0.2100 MYR 55
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1200 MYR 50
Growth DCF
Growth DCF 0.3400 MYR 0.5200 MYR 0.8200 MYR 80
Economic Profit
Residual Income 0.1400 MYR 0.1900 MYR 0.5700 MYR 76

Widest divergence: Earnings-Based (0.8900 MYR) versus Asset-Based (0.0800 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 272M MYR
Revenue growth (YoY) +146%
Net margin 22.3%
Return on equity 29.4%
Free cash flow 38.3M MYR FY2025
P/E ratio 23.8
More key figures
Operating margin 25.9%
EPS (TTM) 0.0300 MYR
Dividend yield 0.4%
EPS growth (YoY) +209%

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 67

Profitability 65
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 82
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

CBH Engineering Holding Berhad provides integrated solutions for electrical, mechanical, civil, and structural engineering in Malaysia. The company engages in the electricity supply distribution works at substations and end-user premises.; and low voltage electrical engineering works.

Full company description

CBH Engineering Holding Berhad provides integrated solutions for electrical, mechanical, civil, and structural engineering in Malaysia. The company engages in the electricity supply distribution works at substations and end-user premises.; and low voltage electrical engineering works. It also undertakes mechanical engineering works for building systems, including air conditioning and mechanical ventilation, fire protection, plumbing and sanitary, and renewable energy systems. In addition, the company acts as electrical wiring contractor; and involved in the supply of electrical items, mechanical and electrical engineering works, and provision of underground utilities and engineering works. It serves substations, industrial, commercial, and residential sectors. CBH Engineering Holding Berhad was founded in 1990 and is based in Shah Alam, Malaysia. CBH Engineering Holding Berhad operates as a subsidiary of Quay Holdings Sdn Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CBH Engineering Holding reported revenue of 21.2B MYR in FY2025 versus 67.6M MYR in FY2021, a compound +321.0%/yr. Reported net income was 48.0M MYR in FY2025, compounding +92.1%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
21.2B MYR
Latest YoY
+7,709.9%
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.
+390.2%
Revenue +321.0%/yr
FY21 67.6M MYR
FY22 180M MYR
FY23 208M MYR
FY24 272M MYR
FY25 21.2B MYR
Net income +92.1%/yr
FY21 3.5M MYR
FY22 20.0M MYR
FY23 33.0M MYR
FY24 41.7M MYR
FY25 48.0M MYR

0339 screens 34% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "CBH Engineering Holding Fair Value". https://www.fairvalue-calculator.com/stock/0339

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.

Quality Score 66 · Top 25%
Fair Value upside −34% · Below median
Return on equity (TTM) 29% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 146% · Top 25%
Dividend yield (TTM) 0.4% · Below median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 23.8× · Pricier than median
P/B 1.44× · Pricier than median
P/S (TTM) 1.21× · Pricier than median
P/FCF 8.6× · Pricier than median
EV/EBITDA 2.4× · Cheaper than 75% of peers

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 · sector 16
FUTURE 100 · sector 17
PAST 100 · sector 26
HEALTH 100 · sector 94
DIVIDEND 8 · sector 33

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.

None of the checked exposures detected

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%

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Frequently asked questions

Is CBH Engineering Holding (0339) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.4700 MYR versus a price of 0.7150 MYR, about −34% (overvalued).
What is the fair value of 0339?
Our model-based fair value for CBH Engineering Holding is 0.4700 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.7150 MYR.
What is the quality score of 0339?
CBH Engineering Holding has a Quality Score of 66/100. 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 CBH Engineering Holding (0339)?
CBH Engineering Holding reported trailing-twelve-month revenue of about 272M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 0339?
The net profit margin of CBH Engineering Holding is about 22.3%, meaning it keeps roughly 22.3% of revenue as net income. Based on the latest reported figures.
Does CBH Engineering Holding pay a dividend?
CBH Engineering Holding currently shows a dividend yield of about 0.44% relative to its recent price (as of Jul 16, 2026).

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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