iCents Group (0366) Fair Value & Analysis
Industrials · MY · Market cap 323M MYR
Fair value as of: Jul 16, 2026
From 16 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from 0.2400 MYR to 0.1600 MYR (−33.3%) since Jul 6, 2026. Share price +19.1% over the past month.
A solid business, but screening 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.3500 MYR). The favourable scenario is already priced in.
- The model range is unusually wide (0.1100 MYR to 0.3500 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (13 months)
White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.
How to read this chart
13‑month range 0.3350 MYR – 0.6550 MYR · fair‑value band 0.1100 MYR – 0.3500 MYR · the 0.6550 MYR price screens above the 0.1600 MYR fair value. As of Jul 16, 2026.
Analysis
iCents Group (0366) currently trades at 0.6550 MYR, while our model-based Fair Value estimate is 0.1600 MYR, implying the stock looks roughly 75.6% overvalued today. The Quality Score stands at 51/100 (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, iCents Group generated revenue of 88.8M MYR at a net margin of 7.6%. Revenue grew 76.2% year over year. It earns a return on equity of 19.0%. Net debt stands at 8.6M MYR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 0.1100 MYR (bear case) to 0.3500 MYR (bull case); at 0.6550 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 138% 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 -76%, 0366 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 16 models by family
Widest divergence: Multiples (0.2400 MYR) versus Asset-Based (0.0300 MYR). Highest evidence: Residual Income (76).
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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 50 · Market factors (momentum, volatility) 72
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
iCents Group Holdings Berhad, an investment holding company, provides engineering, construction, and related services for cleanrooms and other facilities in Malaysia, Indonesia, and Vietnam.
Full company description
iCents Group Holdings Berhad, an investment holding company, provides engineering, construction, and related services for cleanrooms and other facilities in Malaysia, Indonesia, and Vietnam. It offers cleanroom services, such as engineering, procurement, construction, and testing and commissioning (EPCC) of cleanrooms, as well as standalone cleanroom technical services. The company is also involved in the provision of other facility services, such as hook-up of machinery and equipment, construction of cleanrooms and other activities, supply and installation of heavy-duty ceiling systems, construction services, and other activities. In addition, it manufactures cleanroom fixtures and related products. The company serves semiconductors, pharmaceuticals, life sciences, data centers, food and beverage, and palm oil processing industries. The company was founded in 2015 and is headquartered in Subang Jaya, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
iCents Group reported revenue of 81.6M MYR in FY2025 versus 55.8M MYR in FY2022, a compound +13.5%/yr. Reported net income was 8.0M MYR in FY2025, compounding +40.1%/yr from FY2022.
0366 screens 76% 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% |
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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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