WCE Holdings (3565) Fair Value & Analysis
Industrials · MY · Market cap 2.2B MYR
Fair value as of: Jul 15, 2026
From 4 valuation models · updated 26 days ago
Below-average quality, and screening another 74% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.2700 MYR). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (0.1300 MYR to 0.2700 MYR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 0.2300 MYR – 1.14 MYR · fair‑value band 0.1300 MYR – 0.2700 MYR · the 0.6600 MYR price screens above the 0.1700 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
WCE Holdings (3565) currently trades at 0.6600 MYR, while our model-based Fair Value estimate is 0.1700 MYR, implying the stock looks roughly 74.2% overvalued today. The Quality Score stands at 40/100 (below-average 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: medium).
Over the trailing twelve months, WCE Holdings generated revenue of 840M MYR at a net margin of -10.6%. Revenue declined 57.9% year over year. It earns a return on equity of -6.3%. Net debt stands at 4.9B MYR. Fundamentals as of Jul 15, 2026
Our scenario range runs from 0.1300 MYR (bear case) to 0.2700 MYR (bull case); at 0.6600 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 about 15% below its 52-week high and 5% 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 -74%, 3565 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 4 models by family
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 44
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
WCE Holdings Berhad, an investment holding company, engages in the construction, management, and tolling of highway operation in Malaysia. It operates through Toll Concession, Construction, and Others segments.
Full company description
WCE Holdings Berhad, an investment holding company, engages in the construction, management, and tolling of highway operation in Malaysia. It operates through Toll Concession, Construction, and Others segments. The company designs, develops, and constructs the West Coast Expressway Project, as well as manages its toll operations; and offers construction contracting and project management services. It also provides maintenance service for toll collection system, traffic control, and surveillance system; and leasing, maintenance, and ancillary services. The company was formerly known as Kumpulan Europlus Berhad and changed its name to WCE Holdings Berhad in September 2016. WCE Holdings Berhad was incorporated in 2000 and is headquartered in Klang, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
WCE Holdings reported revenue of 840M MYR in FY2026 versus 607M MYR in FY2022, a compound +8.4%/yr. Reported net income was −89.3M MYR in FY2026.
3565 screens 74% overvalued. Compare with Larsen & Toubro Limited →
Peer Group
Engineering & Construction · 837 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
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 15, 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% |
Compare WCE Holdings with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is WCE Holdings (3565) overvalued or undervalued?
What is the fair value of 3565?
What is the quality score of 3565?
What is the revenue of WCE Holdings (3565)?
What is the net profit margin of 3565?
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.
Track WCE Holdings and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.