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Sapura Resources Berhad, an investment holding company, (4596) Fair Value & Analysis

Industrials · MY · Market cap 50.6M MYR

SR Sapura Resources Berhad, an investment holding company, 4596 · KLSE
Price0.1900 MYR
Fair Value0.3800 MYR
Upside+100.0%
Quality48/100
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Mixed Growth
Solidly profitable · 13.7% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Moderate moat 56/100
Evidence: High Range 0.2910 MYR – 0.4770 MYR Share as image

Fair value as of: Jul 17, 2026

From 11 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 0.4400 MYR to 0.3800 MYR (−13.6%) since Jun 26, 2026.

Below-average quality, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2910 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) 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)

0.6150 MYR 0.1800 MYR Fair Value 0.3800 MYR Oct 2019 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 0.1800 MYR – 0.6150 MYR · fair‑value band 0.2910 MYR – 0.4770 MYR · the 0.1900 MYR price screens below the 0.3800 MYR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Sapura Resources Berhad, an investment holding company, (4596) currently trades at 0.1900 MYR, while our model-based Fair Value estimate is 0.3800 MYR, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 48/100 (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, Sapura Resources Berhad, an investment holding company, generated revenue of 88.4M MYR at a net margin of 8.2%. Revenue grew 33.9% year over year. It earns a return on equity of 2.4%. Net debt stands at 71.3M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.2910 MYR (bear case) to 0.4770 MYR (bull case); at 0.1900 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 50% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 100%, 4596 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 1.05 MYR 1.37 MYR 1.74 MYR 80
Residual Income 0.9500 MYR 0.8900 MYR 0.6100 MYR 76
Gordon GGM 0.5400 MYR 0.7100 MYR 0.8500 MYR 70
All 11 models by family
DCF Models
Owner Earnings 0.0700 MYR 31
5Y P/E Exit 0.5300 MYR 0.7200 MYR 0.9200 MYR 38
10Y P/E Exit 0.7600 MYR 0.9400 MYR 1.12 MYR 35
Earnings-Based
Graham-Dodd 0.1900 MYR 0.3800 MYR 0.4800 MYR 54
Dividend Discount
Gordon GGM 0.5400 MYR 0.7100 MYR 0.8500 MYR 70
DDM Multi-Stage 0.5400 MYR 0.7000 MYR 0.8500 MYR 61
Multiples
P/E Multiple 0.4400 MYR 0.5900 MYR 0.7300 MYR 63
P/B Multiple 0.3600 MYR 0.4700 MYR 0.5900 MYR 55
Asset-Based
NCAV (Graham) 0.7500 MYR 1.00 MYR 1.49 MYR 50
Growth DCF
Growth DCF 1.05 MYR 1.37 MYR 1.74 MYR 80
Economic Profit
Residual Income 0.9500 MYR 0.8900 MYR 0.6100 MYR 76

Widest divergence: Growth DCF (1.37 MYR) versus Earnings-Based (0.3800 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 88.4M MYR
Revenue growth (YoY) +33.9%
Net margin 8.2%
Return on equity 2.4%
Free cash flow 44.4M MYR FY2026
P/E ratio 7.7
More key figures
Operating margin 95.9%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) -89.8%
Net debt 71.3M MYR FY2026

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 31

Profitability 20
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 40
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

Sapura Resources Berhad, an investment holding company, engages in the property investment activities in Malaysia. The company operates through Investment Holding, Property Investment, and Aviation segments.

Full company description

Sapura Resources Berhad, an investment holding company, engages in the property investment activities in Malaysia. The company operates through Investment Holding, Property Investment, and Aviation segments. It also provides investment property rental services, as well as property development transactions; and hangarage, ground handling, engineering, and other aviation related services. In addition, the company designs, fabricates, and constructs aircraft hangars, and workshops and offices, including the installation of aerial or aeronautical facilities; and offers civil work, maintenance, and repair services, as well as leases hangars. Further, it engages in the sale of rotary wings and fixed wing aircraft; supply and provision of maintenance, repair, and overhaul services in relation to aircraft and helicopters; and provision of programs, such as leasing of aircraft and helicopters. The company was incorporated in 1957 and is based in Seri Kembangan, Malaysia. Sapura Resources Berhad is a subsidiary of Sapura Holdings Sdn. Bhd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sapura Resources Berhad, an investment holding company, reported revenue of 59.5M MYR in FY2026 versus 45.2M MYR in FY2022, a compound +7.1%/yr. Reported net income was 7.2M MYR in FY2026.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
59.5M MYR
Latest YoY
−28.3%
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.
+3.7%
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.
+5.3%
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.
+4.2%
Revenue +7.1%/yr
FY22 45.2M MYR
FY23 53.3M MYR
FY24 62.8M MYR
FY25 82.9M MYR
FY26 59.5M MYR
Net income
FY22 −263M MYR
FY23 79.6M MYR
FY24 −37.4M MYR
FY25 −51.6M MYR
FY26 7.2M MYR

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Cite: Fair Value Calculator (2026). "Sapura Resources Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/4596

Peer Group

Conglomerates · 369 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 48 · Below median
Fair Value upside +100% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 4% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 69% · Top 25%
Revenue growth -6% · Bottom 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 3.9× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 1.3× · 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 100 · sector 20
FUTURE 0 · sector 16
PAST 13 · sector 20
HEALTH 87 · sector 88
DIVIDEND 0 · sector 39

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.

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Frequently asked questions

Is Sapura Resources Berhad, an investment holding company, (4596) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.3800 MYR versus a price of 0.1900 MYR, about +100% (undervalued).
What is the fair value of 4596?
Our model-based fair value for Sapura Resources Berhad, an investment holding company, is 0.3800 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.1900 MYR.
What is the quality score of 4596?
Sapura Resources Berhad, an investment holding company, has a Quality Score of 48/100. 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 Sapura Resources Berhad, an investment holding company, (4596)?
Sapura Resources Berhad, an investment holding company, reported trailing-twelve-month revenue of about 88.4M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 4596?
The net profit margin of Sapura Resources Berhad, an investment holding company, is about 8.2%, meaning it keeps roughly 8.2% 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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