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Epicon Berhad, an investment holding company, (4847) Fair Value & Analysis

Industrials · MY · Market cap 113M MYR

EB Epicon Berhad, an investment holding company, 4847 · KLSE
Price0.2200 MYR
Fair Value0.1300 MYR
Upside-40.9%
Quality24/100
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Expensive Growth
Thin margins · 1.5% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 29/100
Evidence: Medium Range 0.1000 MYR – 0.1700 MYR Share as image

Fair value as of: Jul 17, 2026

From 15 valuation models · updated 24 days ago

Share price +69.2% over the past month.

Below-average quality, and screening another 41% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1700 MYR). The favourable scenario is already priced in.
  • Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

0.4800 MYR 0.1100 MYR Fair Value 0.1300 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 0.1100 MYR – 0.4800 MYR · fair‑value band 0.1000 MYR – 0.1700 MYR · the 0.2200 MYR price screens above the 0.1300 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

Epicon Berhad, an investment holding company, (4847) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.1300 MYR, implying the stock looks roughly 40.9% overvalued today. The Quality Score stands at 24/100 (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, Epicon Berhad, an investment holding company, generated revenue of 178M MYR at a net margin of 1.5%. Revenue declined 4.1% year over year. It earns a return on equity of 3.0%. Net debt stands at 69.6M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.1000 MYR (bear case) to 0.1700 MYR (bull case); at 0.2200 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 100% 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 -41%, 4847 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
ROIC Compounder 0.1300 MYR 0.1500 MYR 0.1800 MYR 72
Growth-Adj P/E 0.0700 MYR 0.1100 MYR 0.1400 MYR 68
P/E Multiple 0.1000 MYR 0.1300 MYR 0.1700 MYR 63
All 15 models by family
DCF Models
Owner Earnings 0.0800 MYR 0.1200 MYR 0.1700 MYR 31
Earnings-Based
Graham-Dodd 0.0400 MYR 0.1700 MYR 0.2300 MYR 54
Lynch FV 0.0400 MYR 0.0600 MYR 0.0800 MYR 50
PEG = 1.0 0.0400 MYR 0.0600 MYR 0.0800 MYR 46
EPV 0.1300 MYR 0.1500 MYR 0.1600 MYR 59
Multiples
P/E Multiple 0.1000 MYR 0.1300 MYR 0.1700 MYR 63
P/S Multiple 0.0800 MYR 0.1100 MYR 0.1400 MYR 58
P/B Multiple 0.0800 MYR 0.1100 MYR 0.1400 MYR 55
EV/EBIT 0.3000 MYR 0.4000 MYR 0.5000 MYR 53
EV/EBITDA 0.2700 MYR 0.3500 MYR 0.4400 MYR 54
EV/Revenue 0.2200 MYR 0.3100 MYR 0.4000 MYR 43
Asset-Based
NCAV (Graham) 0.0700 MYR 0.0900 MYR 0.1400 MYR 50
Economic Profit
Residual Income 0.0900 MYR 0.0900 MYR 0.0700 MYR 61
ROIC Compounder 0.1300 MYR 0.1500 MYR 0.1800 MYR 72
Growth Earnings
Growth-Adj P/E 0.0700 MYR 0.1100 MYR 0.1400 MYR 68

Widest divergence: Multiples (0.1300 MYR) versus Earnings-Based (0.0600 MYR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 178M MYR
Revenue growth (YoY) -4.1%
Net margin 1.5%
Return on equity 3.0%
Free cash flow −34.6M MYR FY2025
Operating margin 3.5%
More key figures
EPS growth (YoY) -96.7%
Net debt 69.6M MYR FY2025

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

Quality Score breakdown

Overall quality 24/100

Of which business quality 26 · Market factors (momentum, volatility) 71

Profitability 29
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 13
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

Epicon Berhad, an investment holding company, engages in the construction business in Malaysia. It operates through Investment holding, Construction, and Others segments.

Full company description

Epicon Berhad, an investment holding company, engages in the construction business in Malaysia. It operates through Investment holding, Construction, and Others segments. The company offers site clearing, earthworks, road works, main building works, main water reticulation, drainage works, reticulation and detention pond, and infrastructure and appurtenant services, as well as public transportation services, property development, concrete casting and paving services, and trading of ready mixed concrete, and acting as subcontractor for general construction. The company involved in the construction of residential and commercial properties, mixed developments, townships, and engineering and infrastructure works. The company was formerly known as Konsortium Transnasional Berhad and changed its name to Epicon Berhad in July 2023. Epicon Berhad was incorporated in 2003 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Epicon Berhad, an investment holding company, reported revenue of 179M MYR in FY2025 versus 27.1M MYR in FY2021, a compound +60.4%/yr. Reported net income was 4.0M MYR in FY2025.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
179M MYR
Latest YoY
−3.3%
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.
+23.1%
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.
+42.6%
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.
−2.8%
Revenue +60.4%/yr
FY21 27.1M MYR
FY22 96.1M MYR
FY23 150M MYR
FY24 185M MYR
FY25 179M MYR
Net income
FY21 −5.3M MYR
FY22 −11.2M MYR
FY23 68.2M MYR
FY24 9.4M MYR
FY25 4.0M MYR

4847 screens 41% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Epicon Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/4847

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 24 · Bottom 25%
Fair Value upside −41% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -4% · Below median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
EV/EBITDA 1.9× · 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 0 · sector 16
FUTURE 0 · sector 17
PAST 12 · sector 26
HEALTH 94 · sector 94
DIVIDEND 0 · sector 33

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.

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 Epicon Berhad, an investment holding company, (4847) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.1300 MYR versus a price of 0.2200 MYR, about −41% (overvalued).
What is the fair value of 4847?
Our model-based fair value for Epicon Berhad, an investment holding company, is 0.1300 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.2200 MYR.
What is the quality score of 4847?
Epicon Berhad, an investment holding company, has a Quality Score of 24/100. 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 Epicon Berhad, an investment holding company, (4847)?
Epicon Berhad, an investment holding company, reported trailing-twelve-month revenue of about 178M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 4847?
The net profit margin of Epicon Berhad, an investment holding company, is about 1.5%, meaning it keeps roughly 1.5% 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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