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AYS Ventures Berhad, an investment holding company, (5021) Fair Value & Analysis

Basic Materials · MY · Market cap 90.0M MYR

AV AYS Ventures Berhad, an investment holding company, 5021 · KLSE
Price0.2000 MYR
Fair Value0.3200 MYR
Upside+60.0%
Quality52/100
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Mixed Growth
Thin margins · 0.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 24/100
Evidence: High Range 0.2432 MYR – 0.4096 MYR Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.2500 MYR to 0.3200 MYR (+28.0%) since Jul 11, 2026. Share price −4.8% over the past month.

A solid business, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2432 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) 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)

0.8324 MYR 0.1900 MYR Fair Value 0.3200 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.1900 MYR – 0.8324 MYR · fair‑value band 0.2432 MYR – 0.4096 MYR · the 0.2000 MYR price screens below the 0.3200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

AYS Ventures Berhad, an investment holding company, (5021) currently trades at 0.2000 MYR, while our model-based Fair Value estimate is 0.3200 MYR, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials 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, AYS Ventures Berhad, an investment holding company, generated revenue of 1.1B MYR at a net margin of 0.6%. Revenue declined 23.4% year over year. It earns a return on equity of 0.3%. Net debt stands at 352M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.2432 MYR (bear case) to 0.4096 MYR (bull case); at 0.2000 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 30% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 60%, 5021 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 0.7900 MYR 1.01 MYR 1.25 MYR 80
Residual Income 0.6900 MYR 0.6400 MYR 0.4100 MYR 76
Rev-Margin DCF 0.4100 MYR 0.5000 MYR 0.6100 MYR 74
All 25 models by family
DCF Models
FCF DCF 0.7800 MYR 1.03 MYR 1.32 MYR 38
Owner Earnings 0.2700 MYR 0.3500 MYR 0.4500 MYR 31
5Y Revenue Exit 0.4100 MYR 0.4800 MYR 0.5600 MYR 39
5Y EBITDA Exit 0.4900 MYR 0.6200 MYR 0.7600 MYR 41
5Y P/E Exit 0.4500 MYR 0.5600 MYR 0.6600 MYR 38
10Y Revenue Exit 0.5700 MYR 0.6700 MYR 0.7600 MYR 36
10Y EBITDA Exit 0.6200 MYR 0.7500 MYR 0.8900 MYR 37
10Y P/E Exit 0.6000 MYR 0.7100 MYR 0.8200 MYR 35
Earnings-Based
Graham-Dodd 0.1000 MYR 0.2600 MYR 0.3300 MYR 54
PEG = 1.0 0.0500 MYR 0.0700 MYR 0.0900 MYR 46
EPV 0.0600 MYR 0.0600 MYR 0.0700 MYR 59
Dividend Discount
Gordon GGM 0.1000 MYR 0.1700 MYR 0.2200 MYR 70
DDM Multi-Stage 0.1000 MYR 0.1400 MYR 0.1800 MYR 61
Multiples
P/E Multiple 0.1900 MYR 0.2500 MYR 0.3200 MYR 63
P/S Multiple 0.1900 MYR 0.2500 MYR 0.3200 MYR 58
P/B Multiple 0.1900 MYR 0.2500 MYR 0.3200 MYR 55
EV/EBIT 0.1300 MYR 0.1700 MYR 0.2100 MYR 53
EV/EBITDA 0.2800 MYR 0.3700 MYR 0.4600 MYR 54
EV/Revenue 0.1200 MYR 0.1600 MYR 0.2000 MYR 43
Asset-Based
NCAV (Graham) 0.5500 MYR 0.7400 MYR 1.10 MYR 50
Growth DCF
Growth DCF 0.7900 MYR 1.01 MYR 1.25 MYR 80
Rev-Margin DCF 0.4100 MYR 0.5000 MYR 0.6100 MYR 74
Economic Profit
Residual Income 0.6900 MYR 0.6400 MYR 0.4100 MYR 76
ROIC Compounder 0.0600 MYR 0.0600 MYR 0.0700 MYR 72
Growth Earnings
Growth-Adj P/E 0.1500 MYR 0.2100 MYR 0.2800 MYR 68

Widest divergence: Asset-Based (0.7400 MYR) versus Economic Profit (0.0600 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.1B MYR
Revenue growth (YoY) -23.4%
Net margin 0.6%
Return on equity 0.3%
Free cash flow 40.2M MYR FY2026
P/E ratio 22.0
More key figures
Operating margin 4.1%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) +53.8%
Net debt 352M MYR FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 34

Profitability 29
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
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

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.

Full company description

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

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AYS Ventures Berhad, an investment holding company, 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.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
1.1B MYR
Latest YoY
−18.6%
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.
−6.4%
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.
+7.4%
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.
+4.0%
Revenue −0.9%/yr
FY22 1.1B MYR
FY23 1.3B MYR
FY24 1.3B MYR
FY25 1.3B MYR
FY26 1.1B MYR
Net income −50.2%/yr
FY22 101M MYR
FY23 40.1M MYR
FY24 18.8M MYR
FY25 −4.5M MYR
FY26 6.2M MYR

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Cite: Fair Value Calculator (2026). "AYS Ventures Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5021

Peer Group

Steel · 378 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 52 · Above median
Fair Value upside +60% · Top 25%
Return on equity (TTM) 0% · Below median
Return on assets 0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -23% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 21.5× · Pricier than median
P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 7.9× · Cheaper 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 19
FUTURE 0 · sector 4
PAST 1 · sector 15
HEALTH 98 · sector 95
DIVIDEND 0 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is AYS Ventures Berhad, an investment holding company, (5021) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.3200 MYR versus a price of 0.2000 MYR, about +60% (undervalued).
What is the fair value of 5021?
Our model-based fair value for AYS Ventures Berhad, an investment holding company, is 0.3200 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.2000 MYR.
What is the quality score of 5021?
AYS Ventures Berhad, an investment holding company, 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 revenue of AYS Ventures Berhad, an investment holding company, (5021)?
AYS Ventures Berhad, an investment holding company, reported trailing-twelve-month revenue of about 1.1B MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5021?
The net profit margin of AYS Ventures Berhad, an investment holding company, is about 0.6%, meaning it keeps roughly 0.6% 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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