AYS Ventures Bhd (5021) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of AYS Ventures Bhd MYR 0.48, price MYR 0.23, upside +113.3%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.1900 MYR – 0.8324 MYR · fair‑value band 0.3200 MYR – 0.5200 MYR · the 0.2250 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 Sep 24, 2026.
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AYS Ventures Berhad, an investment holding company, engages in the manufacturing, trading, marketing, and selling of steel products and building materials in Malaysia, Singapore, the Asia-Pacific economic cooperation countries, and internationally. The company operates through Trading and Services, Manufacturing, and Others segments.
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AYS Ventures Berhad, an investment holding company, engages in the manufacturing, trading, marketing, and selling of steel products and building materials in Malaysia, Singapore, the Asia-Pacific economic cooperation countries, and internationally. The company operates through Trading and Services, Manufacturing, and Others segments. It is involved in the trading of beams and columns, steel plates, sheets, structural welded hollow sections, bars, rods, channels, angels, flat bars, sheet piles, pipes and tubes, wires, and wire mesh. The company also sells cement, bricks, metal door frames, window frames, BRC, roofing tiles, metal roofing sheets, plywood/timber, tiles, ceiling sheets, paver, door, pipes, steel bars, precast products, plumbing and sanitaryware products, white lime, water storage tanks, and other products. In addition, it manufactures and sells pressed steel sectional tanks, components, and panels of fiberglass reinforced polyester sectional storage tanks, and high tensile galvanized steel (HTGI) purlins. Further, the company provides drawing, straightening, cut-to-length, warehousing, storage, structural steel fabrication, steel sourcing, project management, and procurement services, as well as accounting, administrative, and management services. It serves oil and gas, construction, shipbuilding, infrastructure, engineering, manufacturing, automotive, and marine industries. AYS Ventures Berhad was founded in 1982 and is headquartered in Klang, Malaysia. AYS Ventures Berhad operates as a subsidiary of Chiew Ho Holding Sdn Bhd
Stock analysis
AYS Ventures Bhd (5021) currently trades at 0.2250 MYR, while our model-based Fair Value estimate is 0.4800 MYR, implying the stock looks roughly 53.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.7800 MYR per share, and 18 of the 25 models we run sit above the 0.2250 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0800 MYR, and 7 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.3200 MYR (bear) to 0.5200 MYR (bull), the price of 0.2250 MYR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AYS Ventures Bhd reported revenue of 1.1B MYR in FY2026 versus 1.1B MYR in FY2022, a compound −0.9%/yr. Reported net income was 6.2M MYR in FY2026, compounding −50.2%/yr from FY2022.
Key figures
Market cap 94.2M MYR (≈ $23.1M) · P/E ratio 22.5 · P/S ratio 0.13 · EPS (TTM) 0.0100 MYR · Dividend yield 7.0% · Net margin 0.6% · Return on equity 0.3% · Return on assets (EBIT) 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 113%, 5021 screens cheaper than that median.
Fair Value models
Bear 0.3200 MYRFair Value 0.4800 MYRBull 0.5200 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (0.0049 MYR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−18.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−6.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
Start year 2021 (pandemic). Over 10 years: +6.2% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−29.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.7%
Dividend (yield on the price)7.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−37% vs −15%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 0%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −4.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Steel · 415 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+113% · Top 25%
Profitability
Return on equity (TTM)0% · Below median
Return on assets0% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth−23% · Bottom 25%
Dividend yield (TTM)7.0% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
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Cite: Fair Value Calculator (2026). "AYS Ventures Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5021
Frequently asked questions
Is AYS Ventures Bhd (5021) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.4800 MYR versus a price of 0.2250 MYR, about +113% upside (undervalued).
What is the fair value of 5021?
Our model-based fair value for AYS Ventures Bhd is 0.4800 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.2250 MYR.
What is the quality score of 5021?
AYS Ventures Bhd has a Quality Score of 52/100. 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 price target for AYS Ventures Bhd (5021)?
Our model-based price target is the fair value of 0.4800 MYR (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 0.3200 MYR, optimistic scenario 0.5200 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the AYS Ventures Bhd stock forecast for 2026?
Our models put fair value at 0.4800 MYR, about +113% upside versus a price of 0.2250 MYR (undervalued). Cautious scenario 0.3200 MYR, optimistic scenario 0.5200 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of AYS Ventures Bhd (5021)?
AYS Ventures Bhd reported trailing-twelve-month revenue of about 1.1B MYR (latest available figure, as of Sep 24, 2026).
Does AYS Ventures Bhd pay a dividend?
AYS Ventures Bhd currently shows a dividend yield of about 6.98% relative to its recent price (as of Sep 24, 2026).
What growth is priced into AYS Ventures Bhd (5021)?
For today's price to be fair in a discounted-cash-flow model, AYS Ventures Bhd would have to grow free cash flow by -2.5 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5021 use?
Our models discount AYS Ventures Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.43, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AYS Ventures Bhd that is -2.5 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has AYS Ventures Bhd (5021) delivered so far?
Over the past 5 years revenue at AYS Ventures Bhd grew +7.4 % a year. The price currently implies -2.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AYS Ventures Bhd (5021) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into AYS Ventures Bhd (-2.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AYS Ventures Bhd (5021)?
The free-cash-flow yield on the price is 42.67 %: that much free cash flow AYS Ventures Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AYS Ventures Bhd (5021)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AYS Ventures Bhd it is 0.4800 MYR per share (as of Sep 24, 2026), against a price of 0.2250 MYR. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is AYS Ventures Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5021 trades below its calculated fair value: price 0.2250 MYR, fair value 0.4800 MYR, a gap of about +113% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5021?
No. The price is what the market pays today (0.2250 MYR); the fair value is what the company's own numbers justify (0.4800 MYR). For AYS Ventures Bhd the two are 0.2550 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is AYS Ventures Bhd worth?
The market values AYS Ventures Bhd at about 94.2M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.2250 MYR; our models calculate a fair value of 0.4800 MYR per share.
What do the bullish and bearish scenarios say about 5021?
Our models span a range for AYS Ventures Bhd: cautious scenario 0.3200 MYR, base 0.4800 MYR, optimistic 0.5200 MYR per share (as of Sep 24, 2026, price 0.2250 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5021?
AYS Ventures Bhd trades at a price-to-earnings ratio of 22.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.4800 MYR is built from several models across several years. Other multiples: P/B 0.2, P/S 0.1, EV/EBITDA 8.3.
How solid is the balance sheet of AYS Ventures Bhd (5021)?
Balance-sheet figures for AYS Ventures Bhd (as of Sep 24, 2026): return on equity 0.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 5021 from its 52-week high?
AYS Ventures Bhd trades at 0.2250 MYR, about 17% below its 52-week high of 0.2700 MYR and 18% above the low of 0.1900 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4800 MYR is for.
Which stocks are comparable to AYS Ventures Bhd?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AYS Ventures Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.2250 MYR, calculated fair value 0.4800 MYR (+113%), Quality Score 52/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5021 calculated?
We run AYS Ventures Bhd through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.4800 MYR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. AYS Ventures Bhd currently trades 113 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AYS Ventures Bhd (5021)?
The closing price on Sep 23, 2026 was 0.2250 MYR. Our model-based fair value is 0.4800 MYR, about +113% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AYS Ventures Bhd right now?
The price is below even our cautious bear case (0.3200 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of AYS Ventures Bhd
How large is the market capitalisation of AYS Ventures Bhd (5021)?
The market capitalisation of AYS Ventures Bhd is 94.2M MYR (≈ $23.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AYS Ventures Bhd (5021)?
The price-to-sales ratio of AYS Ventures Bhd is 0.13 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AYS Ventures Bhd (5021)?
Earnings per share at AYS Ventures Bhd are 0.0100 MYR (price ÷ EPS = P/E 22.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AYS Ventures Bhd (5021)?
The dividend yield of AYS Ventures Bhd is 7.0% (payout 157%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AYS Ventures Bhd (5021)?
The net margin of AYS Ventures Bhd is 0.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AYS Ventures Bhd (5021)?
The return on equity (ROE) of AYS Ventures Bhd is 0.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AYS Ventures Bhd (5021)?
On an EBIT basis the return on assets of AYS Ventures Bhd is 5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AYS Ventures Bhd (5021)?
The operating margin of AYS Ventures Bhd is 0.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AYS Ventures Bhd (5021)?
Revenue at AYS Ventures Bhd is growing −23.4% versus a year earlier (3y avg −6.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AYS Ventures Bhd (5021)?
Earnings per share at AYS Ventures Bhd are growing +53.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AYS Ventures Bhd (5021) carry?
The net debt of AYS Ventures Bhd is 352M MYR (fiscal year 2026, ≈ 8.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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