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TSR Capital Bhd (5042) Fair Value & Analysis

Industrials · MY · Market cap 42.7M MYR

TC TSR Capital Bhd 5042 · KLSE
Price0.2200 MYR
Fair Value0.3700 MYR
Upside+68.2%
Quality60/100
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Strengths

Trades 41% below our fair value of 0.3700 MYR
Low debt · generates free cash flow
Ranks above peers (9/14)

Risks

!Weak Growth (revenue 5y −0.7 %/yr)
!Thin margins · 2.6% net margin
!Narrow moat 29/100
!Weak on past: 9 out of 100
Weak Growth (revenue 5y −0.7 %/yr)
Thin margins · 2.6% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 29/100
Evidence: High Range 0.2800 MYR – 0.4700 MYR Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 11 days ago

A solid business, trading 41% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (0.2800 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) 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)

0.5750 MYR 0.1650 MYR Fair Value 0.3700 MYR Jan 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.1650 MYR – 0.5750 MYR · fair‑value band 0.2800 MYR – 0.4700 MYR · the 0.2200 MYR price screens below the 0.3700 MYR fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

TSR Capital Bhd (5042) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.3700 MYR, implying the stock looks roughly 68.2% undervalued today. The Quality Score stands at 60/100 (solid 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, TSR Capital Bhd generated revenue of 142M MYR at a net margin of 2.6%. Revenue grew 57.3% year over year. It earns a return on equity of 2.4%. Net debt stands at 20.1M MYR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.2800 MYR (bear case) to 0.4700 MYR (bull case); at 0.2200 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 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at 68%, 5042 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 0.5400 MYR 0.8700 MYR 1.30 MYR 80
Residual Income 0.5500 MYR 0.5000 MYR 0.3400 MYR 76
Rev-Margin DCF 0.5700 MYR 1.02 MYR 1.61 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.5600 MYR 0.9300 MYR 1.48 MYR 38
Owner Earnings 0.3100 MYR 0.5300 MYR 0.8600 MYR 31
5Y Revenue Exit 0.5700 MYR 1.03 MYR 1.66 MYR 39
5Y EBITDA Exit 0.7200 MYR 1.33 MYR 2.11 MYR 41
5Y P/E Exit 0.3300 MYR 0.5400 MYR 0.7700 MYR 38
10Y Revenue Exit 0.5400 MYR 0.9300 MYR 1.53 MYR 36
10Y EBITDA Exit 0.6400 MYR 1.12 MYR 1.85 MYR 37
10Y P/E Exit 0.4200 MYR 0.6200 MYR 0.8900 MYR 35
Earnings-Based
Graham-Dodd 0.1200 MYR 0.5700 MYR 0.7800 MYR 54
Lynch FV 0.1500 MYR 0.2100 MYR 0.2800 MYR 50
PEG = 1.0 0.1500 MYR 0.2100 MYR 0.2800 MYR 46
EPV 0.4000 MYR 0.4600 MYR 0.5100 MYR 59
Dividend Discount
Gordon GGM 0.0500 MYR 0.0800 MYR 0.1000 MYR 70
DDM Multi-Stage 0.0500 MYR 0.0700 MYR 0.0800 MYR 61
Multiples
P/E Multiple 0.2800 MYR 0.3700 MYR 0.4700 MYR 63
P/S Multiple 0.2300 MYR 0.3000 MYR 0.3800 MYR 58
P/B Multiple 0.2300 MYR 0.3000 MYR 0.3800 MYR 55
EV/EBIT 0.8800 MYR 1.19 MYR 1.51 MYR 53
EV/EBITDA 0.9200 MYR 1.26 MYR 1.59 MYR 54
EV/Revenue 0.6000 MYR 0.9000 MYR 1.19 MYR 43
Asset-Based
NCAV (Graham) 0.4300 MYR 0.5800 MYR 0.8700 MYR 50
Growth DCF
Growth DCF 0.5400 MYR 0.8700 MYR 1.30 MYR 80
Rev-Margin DCF 0.5700 MYR 1.02 MYR 1.61 MYR 74
Economic Profit
Residual Income 0.5500 MYR 0.5000 MYR 0.3400 MYR 76
ROIC Compounder 0.4000 MYR 0.4600 MYR 0.5100 MYR 72
Growth Earnings
Growth-Adj P/E 0.2400 MYR 0.3400 MYR 0.4400 MYR 68

Widest divergence: DCF Models (0.9300 MYR) versus Dividend Discount (0.0700 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 11.0
P/S ratio 0.30 TTM
Net margin 2.6% TTM
Return on equity 2.4% TTM
Return on assets 1.7% TTM
Operating margin 4.2% TTM
More key figures
Profitability
EPS (TTM) 0.0200 MYR
Growth
Revenue (TTM) 142M MYR TTM
Revenue growth (YoY) +57.3% 3y avg +41.4%
EPS growth (YoY) -25.0%
Balance sheet & cash flow
Free cash flow 11.8M MYR FY2024
Net debt 20.1M MYR FY2024 · ≈ 1.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 31

Profitability 22
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 16
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

TSR Capital Berhad, an investment holding company, engages in the construction and civil engineering works in Malaysia. It operates in two segments, Construction and Property Development. The Construction segment undertakes foundation engineering, soil improvement, construction, and civil engineering works.

Full company description

TSR Capital Berhad, an investment holding company, engages in the construction and civil engineering works in Malaysia. It operates in two segments, Construction and Property Development. The Construction segment undertakes foundation engineering, soil improvement, construction, and civil engineering works. The Property Development segment engages in investment, development, and management of residential and commercial properties. The company manufactures and markets pre-cast concrete products; trades in building and construction materials, and food and bakery products; and rents construction machineries and equipment. It serves the infrastructure, residential, commercial, industrial, defense, health, security, education, and transport sectors. The company was formerly known as Aimplex Sdn. Bhd. and changed its name to TSR Capital Berhad in June 2001. TSR Capital Berhad was founded in 1991 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

TSR Capital Bhd reported revenue of 124M MYR in FY2024 versus 70.7M MYR in FY2020, a compound +15.0%/yr. Reported net income was 3.1M MYR in FY2024.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
124M MYR
Latest YoY
+62.1%
Avg. revenue 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.
+41.4%
Avg. revenue 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.
−0.7%
Avg. revenue growth/yr (12Y) 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.
+1.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−13.2% (-13.2 + 0.0)
Revenue +15.0%/yr
FY20 70.7M MYR
FY21 43.7M MYR
FY22 53.0M MYR
FY23 76.3M MYR
FY24 124M MYR
Net income
FY20 −37.6M MYR
FY21 −2.9M MYR
FY22 1.4M MYR
FY23 10.9M MYR
FY24 3.1M MYR

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Cite: Fair Value Calculator (2026). "TSR Capital Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5042

Peer Group

Engineering & Construction · 841 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 60 · Top 25%
Fair Value upside +68% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 57% · Top 25%
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than median
P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.9× · Cheaper than median
EV/EBITDA 1.2× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 16
FUTURE100 · sector 14
PAST9 · sector 26
HEALTH94 · sector 94
DIVIDEND54 · sector 38

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

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Frequently asked questions

Is TSR Capital Bhd (5042) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.3700 MYR versus a price of 0.2200 MYR, about +68% (undervalued).
What is the fair value of 5042?
Our model-based fair value for TSR Capital Bhd is 0.3700 MYR (as of Aug 13, 2026), built from audited fundamentals. The current price: 0.2200 MYR.
What is the quality score of 5042?
TSR Capital Bhd has a Quality Score of 60/100. 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 TSR Capital Bhd (5042)?
TSR Capital Bhd reported trailing-twelve-month revenue of about 142M MYR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5042?
The net profit margin of TSR Capital Bhd is about 2.6%, meaning it keeps roughly 2.6% 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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