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JAKS Resources Berhad, an investment holding company, (4723) Fair Value & Analysis

Industrials · MY · Market cap 236M MYR

JR JAKS Resources Berhad, an investment holding company, 4723 · KLSE
Price0.0900 MYR
Fair Value0.1440 MYR
Upside+60.0%
Quality34/100
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Weak Growth
Highly profitable · 45.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 33/100
Evidence: Medium Range 0.1080 MYR – 0.1710 MYR Share as image

Fair value as of: Jul 15, 2026

From 10 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 0.1360 MYR to 0.1440 MYR (+5.9%) since Jun 26, 2026. Share price +12.5% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.1080 MYR). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

0.6192 MYR 0.0700 MYR Fair Value 0.1440 MYR Apr 2021 Aug 2026

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 0.0700 MYR – 0.6192 MYR · fair‑value band 0.1080 MYR – 0.1710 MYR · the 0.0900 MYR price screens below the 0.1440 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

JAKS Resources Berhad, an investment holding company, (4723) currently trades at 0.0900 MYR, while our model-based Fair Value estimate is 0.1440 MYR, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 34/100 (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: medium), always confirm before acting.

Over the trailing twelve months, JAKS Resources Berhad, an investment holding company, generated revenue of 54.9M MYR at a net margin of 45.5%. Revenue grew 5.8% year over year. It earns a return on equity of 0.5%. Net debt stands at 402M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.1080 MYR (bear case) to 0.1710 MYR (bull case); at 0.0900 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 22% below its 52-week high and 20% 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 60%, 4723 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 0.3700 MYR 0.3400 MYR 0.2200 MYR 76
Gordon GGM 0.0300 MYR 0.0300 MYR 0.0300 MYR 70
Growth-Adj P/E 0.1000 MYR 0.1400 MYR 0.1800 MYR 68
All 10 models by family
DCF Models
Owner Earnings 0.0300 MYR 0.0800 MYR 31
Earnings-Based
Graham-Dodd 0.0600 MYR 0.0700 MYR 0.0800 MYR 54
Dividend Discount
Gordon GGM 0.0300 MYR 0.0300 MYR 0.0300 MYR 70
DDM Multi-Stage 0.0300 MYR 0.0300 MYR 0.0400 MYR 61
Multiples
P/E Multiple 0.1400 MYR 0.1800 MYR 0.2300 MYR 63
P/S Multiple 0.0300 MYR 0.0400 MYR 0.0500 MYR 58
P/B Multiple 0.1100 MYR 0.1500 MYR 0.1800 MYR 55
Asset-Based
NCAV (Graham) 0.3000 MYR 0.4000 MYR 0.6000 MYR 50
Economic Profit
Residual Income 0.3700 MYR 0.3400 MYR 0.2200 MYR 76
Growth Earnings
Growth-Adj P/E 0.1000 MYR 0.1400 MYR 0.1800 MYR 68

Widest divergence: Asset-Based (0.4000 MYR) versus DCF Models (0.0300 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 54.9M MYR
Revenue growth (YoY) +5.8%
Net margin 45.5%
Return on equity 0.5%
Free cash flow −11.0M MYR FY2025
P/E ratio 8.0
More key figures
Operating margin -135%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) +11.9%
Net debt 402M MYR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 33 · Market factors (momentum, volatility) 34

Profitability 29
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 18
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

JAKS Resources Berhad, an investment holding company, operates as a general contractor in Malaysia and Vietnam. The company also engages in sub-contracting and construction activities; management of shopping malls; investment properties with shopping malls and car parks; supplying building materials; offshore drilling, oil, gas and general trading.

Full company description

JAKS Resources Berhad, an investment holding company, operates as a general contractor in Malaysia and Vietnam. The company also engages in sub-contracting and construction activities; management of shopping malls; investment properties with shopping malls and car parks; supplying building materials; offshore drilling, oil, gas and general trading. however, not commenced; renewable energy and investment holding; and construction of power plants and operation of generation facilities that produce electric energy. JAKS Resources Berhad was incorporated in 1987 and is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JAKS Resources Berhad, an investment holding company, reported revenue of 57.0M MYR in FY2025 versus 108M MYR in FY2021, a compound −14.8%/yr. Reported net income was 22.6M MYR in FY2025, compounding −6.6%/yr from FY2021.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
57.0M MYR
Latest YoY
+12.1%
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.
−15.5%
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.
−25.6%
Avg. growth/yr (19Y) 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.
−8.3%
Revenue −14.8%/yr
FY21 108M MYR
FY22 94.6M MYR
FY23 39.6M MYR
FY24 50.9M MYR
FY25 57.0M MYR
Net income −6.6%/yr
FY21 29.7M MYR
FY22 36.5M MYR
FY23 16.7M MYR
FY24 57.1M MYR
FY25 22.6M MYR

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Cite: Fair Value Calculator (2026). "JAKS Resources Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/4723

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 34 · Bottom 25%
Fair Value upside +56% · Top 25%
Return on equity (TTM) 0% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) 46% · Top 25%
Operating margin (TTM) -135% · Bottom 25%
Revenue growth 6% · Above median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 9.0× · Cheaper than 75% of peers
P/S (TTM) 1.05× · 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 29 · sector 17
PAST 2 · sector 26
HEALTH 88 · sector 94
DIVIDEND 0 · 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 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%

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Frequently asked questions

Is JAKS Resources Berhad, an investment holding company, (4723) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 0.1440 MYR versus a price of 0.0900 MYR, about +60% (undervalued).
What is the fair value of 4723?
Our model-based fair value for JAKS Resources Berhad, an investment holding company, is 0.1440 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 0.0900 MYR.
What is the quality score of 4723?
JAKS Resources Berhad, an investment holding company, has a Quality Score of 34/100. 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 JAKS Resources Berhad, an investment holding company, (4723)?
JAKS Resources Berhad, an investment holding company, reported trailing-twelve-month revenue of about 54.9M MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 4723?
The net profit margin of JAKS Resources Berhad, an investment holding company, is about 45.5%, meaning it keeps roughly 45.5% 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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