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George Kent (Malaysia) Berhad, (3204) Fair Value & Analysis

Industrials · MY · Market cap 138M MYR

GK George Kent (Malaysia) Berhad, 3204 · KLSE
Price0.2750 MYR
Fair Value0.4800 MYR
Upside+74.6%
Quality56/100
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Weak Growth
Solidly profitable · 13.5% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Narrow moat 36/100
Evidence: Medium Range 0.4100 MYR – 0.5600 MYR Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 0.1900 MYR to 0.4800 MYR (+152.6%) since Jul 9, 2026. Share price +5.8% over the past month.

A solid business, screening 75% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.4100 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.6561 MYR 0.2550 MYR Fair Value 0.4800 MYR Mar 2021 Aug 2026

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

60‑month range 0.2550 MYR – 0.6561 MYR · fair‑value band 0.4100 MYR – 0.5600 MYR · the 0.2750 MYR price screens below the 0.4800 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.

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Analysis

George Kent (Malaysia) Berhad, (3204) currently trades at 0.2750 MYR, while our model-based Fair Value estimate is 0.4800 MYR, implying the stock looks roughly 74.6% undervalued today. The Quality Score stands at 56/100 (solid 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: medium), always confirm before acting.

Over the trailing twelve months, George Kent (Malaysia) Berhad, generated revenue of 276M MYR at a net margin of 13.5%. Revenue grew 4.1% year over year. It earns a return on equity of 7.4%. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.4100 MYR (bear case) to 0.5600 MYR (bull case); at 0.2750 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 30% below its 52-week high and 17% 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 75%, 3204 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 0.4000 MYR 0.4600 MYR 0.5400 MYR 80
Rev-Margin DCF 0.3600 MYR 0.4300 MYR 0.5200 MYR 74
ROIC Compounder 0.2400 MYR 0.2500 MYR 0.2600 MYR 72
All 13 models by family
DCF Models
FCF DCF 0.4000 MYR 0.4500 MYR 0.5500 MYR 38
5Y Revenue Exit 0.3600 MYR 0.4300 MYR 0.5200 MYR 39
5Y EBITDA Exit 0.4400 MYR 0.5600 MYR 0.7200 MYR 41
10Y Revenue Exit 0.3700 MYR 0.4200 MYR 0.4600 MYR 36
10Y EBITDA Exit 0.4200 MYR 0.4900 MYR 0.5600 MYR 37
Earnings-Based
EPV 0.2400 MYR 0.2500 MYR 0.2600 MYR 59
Multiples
EV/EBIT 0.4100 MYR 0.4800 MYR 0.5600 MYR 53
EV/EBITDA 0.5300 MYR 0.6400 MYR 0.7600 MYR 54
EV/Revenue 0.3400 MYR 0.4100 MYR 0.4800 MYR 43
Asset-Based
NCAV (Graham) 0.4500 MYR 0.6000 MYR 0.9000 MYR 50
Growth DCF
Growth DCF 0.4000 MYR 0.4600 MYR 0.5400 MYR 80
Rev-Margin DCF 0.3600 MYR 0.4300 MYR 0.5200 MYR 74
Economic Profit
ROIC Compounder 0.2400 MYR 0.2500 MYR 0.2600 MYR 72

Widest divergence: Asset-Based (0.6000 MYR) versus Earnings-Based (0.2500 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 276M MYR
Revenue growth (YoY) +4.1%
Net margin 13.5%
Return on equity 7.4%
Free cash flow 15.8M MYR FY2026
Operating margin -1.6%
More key figures
EPS (TTM) -0.0300 MYR
EPS growth (YoY) -94.2%

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 39

Profitability 7
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 83
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

George Kent (Malaysia) Berhad, together with its subsidiaries, provides various metering products for residential, industrial, and commercial customers in Malaysia and internationally. It operates through Engineering, Metering, and Others segments.

Full company description

George Kent (Malaysia) Berhad, together with its subsidiaries, provides various metering products for residential, industrial, and commercial customers in Malaysia and internationally. It operates through Engineering, Metering, and Others segments. The company manufactures and supplies water meters; brass components, valves, waterwork fittings, and flow control tools; and stopcocks, bib taps, ferrules, housings, ball float and brass ball valves, and lockable valves under the GKM and GKENT brands, as well as automated meter reading solutions. It is also involved in civil, mechanical, electrical, and instrumentation works for water metering infrastructure; construction and engineering solutions for water infrastructure, hospital projects, and rail transportation; and operation and maintenance services for water treatment facilities. In addition, the company provides management services; and water meter plastic components. It exports its products to approximately 40 countries, including Singapore, Hong Kong, Vietnam, Thailand, Cambodia, Indonesia, Nepal, India, the Philippines, Papua New Guinea, Australia, Sri Lanka, Kenya, South Africa, Colombia, and the United Kingdom. George Kent (Malaysia) Berhad was founded in 1936 and is based in Puchong, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

George Kent (Malaysia) Berhad, reported revenue of 168M MYR in FY2026 versus 355M MYR in FY2022, a compound −17.1%/yr. Reported net income was −17.9M MYR in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
168M MYR
Latest YoY
+22.0%
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.
−12.1%
Avg. growth/yr (5Y) 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.
−11.6%
Avg. growth/yr (13Y) 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.
−3.8%
Revenue −17.1%/yr
FY22 355M MYR
FY23 247M MYR
FY24 134M MYR
FY25 138M MYR
FY26 168M MYR
Net income
FY22 31.3M MYR
FY23 715K MYR
FY24 −25.8M MYR
FY25 4.7M MYR
FY26 −17.9M MYR

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Cite: Fair Value Calculator (2026). "George Kent (Malaysia) Berhad, Fair Value". https://www.fairvalue-calculator.com/stock/3204

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 56 · Above median
Fair Value upside +75% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 2.1× · Pricier 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 16
FUTURE 21 · sector 17
PAST 29 · sector 26
HEALTH 91 · sector 94
DIVIDEND 0 · sector 33

Insider activity: 30/100

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 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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Frequently asked questions

Is George Kent (Malaysia) Berhad, (3204) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.4800 MYR versus a price of 0.2750 MYR, about +75% (undervalued).
What is the fair value of 3204?
Our model-based fair value for George Kent (Malaysia) Berhad, is 0.4800 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.2750 MYR.
What is the quality score of 3204?
George Kent (Malaysia) Berhad, has a Quality Score of 56/100. 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 George Kent (Malaysia) Berhad, (3204)?
George Kent (Malaysia) Berhad, reported trailing-twelve-month revenue of about 276M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 3204?
The net profit margin of George Kent (Malaysia) Berhad, is about 13.5%, meaning it keeps roughly 13.5% 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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