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Lim Seong Hai Capital Berhad, an investment holding company, (0351) Fair Value & Analysis

Industrials · MY · Market cap 1.3B MYR

LS Lim Seong Hai Capital Berhad, an investment holding company, 0351 · KLSE
Price1.67 MYR
Fair Value2.01 MYR
Upside+20.6%
Quality44/100
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Expensive Growth
Highly profitable · 20.7% net margin
Low debt · negative free cash flow
2.64% dividend yield
Ranks above peers (10/13)
Wide moat 78/100
Evidence: High Range 1.05 MYR – 2.52 MYR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Share price +3.1% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • A fairly wide model range (1.05 MYR to 2.52 MYR) leaves room in how you read the outcome.
  • Our model range runs from 1.05 MYR (bear) to 2.52 MYR (bull), base 2.01 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

2.47 MYR 0.2230 MYR Fair Value 2.01 MYR Jul 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

60‑month range 0.2230 MYR – 2.47 MYR · fair‑value band 1.05 MYR – 2.52 MYR · the 1.67 MYR price screens below the 2.01 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

Lim Seong Hai Capital Berhad, an investment holding company, (0351) currently trades at 1.67 MYR, while our model-based Fair Value estimate is 2.01 MYR, implying the stock looks roughly 20.6% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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, Lim Seong Hai Capital Berhad, an investment holding company, generated revenue of 509M MYR at a net margin of 20.7%. Revenue declined 6.7% year over year. It earns a return on equity of 17.2%. The stock trades on a trailing P/E of 12.7. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.05 MYR (bear case) to 2.52 MYR (bull case); at 1.67 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 about 34% below its 52-week high and 121% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 21%, 0351 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 0.7400 MYR 0.9200 MYR 2.07 MYR 76
ROIC Compounder 1.37 MYR 1.91 MYR 2.26 MYR 72
Gordon GGM 0.3100 MYR 0.5600 MYR 0.7700 MYR 70
All 17 models by family
DCF Models
Owner Earnings 1.26 MYR 2.57 MYR 5.01 MYR 31
Earnings-Based
Graham-Dodd 0.8200 MYR 5.70 MYR 8.00 MYR 54
Lynch FV 2.95 MYR 4.21 MYR 5.47 MYR 50
PEG = 1.0 2.95 MYR 4.21 MYR 5.47 MYR 46
EPV 1.11 MYR 1.25 MYR 1.37 MYR 59
Dividend Discount
Gordon GGM 0.3100 MYR 0.5600 MYR 0.7700 MYR 70
DDM Multi-Stage 0.3100 MYR 0.5100 MYR 0.5900 MYR 61
Multiples
P/E Multiple 1.89 MYR 2.52 MYR 3.16 MYR 63
P/S Multiple 0.8200 MYR 1.10 MYR 1.37 MYR 58
P/B Multiple 1.53 MYR 2.04 MYR 2.55 MYR 55
EV/EBIT 2.19 MYR 2.91 MYR 3.63 MYR 53
EV/EBITDA 1.79 MYR 2.37 MYR 2.96 MYR 54
EV/Revenue 0.7200 MYR 1.02 MYR 1.32 MYR 43
Asset-Based
NCAV (Graham) 0.3900 MYR 0.5200 MYR 0.7800 MYR 50
Economic Profit
Residual Income 0.7400 MYR 0.9200 MYR 2.07 MYR 76
ROIC Compounder 1.37 MYR 1.91 MYR 2.26 MYR 72
Growth Earnings
Growth-Adj P/E 3.85 MYR 5.50 MYR 7.16 MYR 68

Widest divergence: Growth Earnings (5.50 MYR) versus Dividend Discount (0.5100 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 509M MYR
Revenue growth (YoY) -6.7%
Net margin 20.7%
Return on equity 17.2%
Free cash flow −5.8M MYR FY2025
P/E ratio 12.7
More key figures
Operating margin 34.6%
EPS (TTM) 0.1300 MYR
Dividend yield 2.6%
EPS growth (YoY) -25.7%

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 63

Profitability 58
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 25
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 0
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

Lim Seong Hai Capital Berhad, an investment holding company, engages in the distribution and retail of building materials, lighting products and related mechanical and electrical products and services in Malaysia. The company also wholesales and retails hardware and tools.

Full company description

Lim Seong Hai Capital Berhad, an investment holding company, engages in the distribution and retail of building materials, lighting products and related mechanical and electrical products and services in Malaysia. The company also wholesales and retails hardware and tools. In addition, it is involved in the construction business; rental of machinery; construction-related services and solutions; property development; facilities management; building construction contracting; project management; building and industrial cleaning; tour operator; real estate activities with own or leased property; and design, construction, operation, management, and maintenance of road infrastructure. The company was founded in 1966 and is headquartered in Kuala Lumpur, Malaysia. Lim Seong Hai Capital Berhad is a subsidiary of Lim Seong Hai Resources Sdn. Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lim Seong Hai Capital Berhad, an investment holding company, reported revenue of 459M MYR in FY2025 versus 67.4M MYR in FY2021, a compound +61.5%/yr. Reported net income was 101M MYR in FY2025, compounding +88.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
459M MYR
Latest YoY
+27.0%
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.
+40.4%
Revenue +61.5%/yr
FY21 67.4M MYR
FY22 166M MYR
FY23 236M MYR
FY24 361M MYR
FY25 459M MYR
Net income +88.8%/yr
FY21 7.9M MYR
FY22 41.8M MYR
FY23 39.7M MYR
FY24 74.3M MYR
FY25 101M MYR

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Cite: Fair Value Calculator (2026). "Lim Seong Hai Capital Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0351

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 44 · Below median
Fair Value upside +21% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth -7% · Below median
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 12.3× · Cheaper than median
P/B 0.50× · Cheaper than median
P/S (TTM) 0.64× · Pricier than median
EV/EBITDA 1.8× · 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 61 · sector 16
FUTURE 0 · sector 17
PAST 69 · sector 26
HEALTH 100 · sector 94
DIVIDEND 53 · sector 33

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 Lim Seong Hai Capital Berhad, an investment holding company, (0351) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 2.01 MYR versus a price of 1.67 MYR, about +21% (undervalued).
What is the fair value of 0351?
Our model-based fair value for Lim Seong Hai Capital Berhad, an investment holding company, is 2.01 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 1.67 MYR.
What is the quality score of 0351?
Lim Seong Hai Capital Berhad, an investment holding company, has a Quality Score of 44/100. 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 Lim Seong Hai Capital Berhad, an investment holding company, (0351)?
Lim Seong Hai Capital Berhad, an investment holding company, reported trailing-twelve-month revenue of about 509M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 0351?
The net profit margin of Lim Seong Hai Capital Berhad, an investment holding company, is about 20.7%, meaning it keeps roughly 20.7% of revenue as net income. Based on the latest reported figures.
Does Lim Seong Hai Capital Berhad, an investment holding company, pay a dividend?
Lim Seong Hai Capital Berhad, an investment holding company, currently shows a dividend yield of about 2.56% 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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