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Protasco Bhd (5070) Fair Value & Analysis

Industrials · MY · Market cap 98.8M MYR

PB Protasco Bhd 5070 · KLSE
Price0.2200 MYR
Fair Value0.1315 MYR
Upside-40.2%
Quality68/100
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Strengths

Healthy Growth (revenue 5y +7.2 %/yr)
Low debt · generates free cash flow
Ranks above peers (8/12)

Risks

!Trades 67% ABOVE our fair value of 0.1315 MYR
!Thin margins · 5.3% net margin
!Moderate moat 56/100
Healthy Growth (revenue 5y +7.2 %/yr)
Thin margins · 5.3% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Moderate moat 56/100
Evidence: High Range 0.0985 MYR – 0.1641 MYR Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 11 days ago

Fair value updated Aug 13, 2026, revised from 0.1301 MYR to 0.1315 MYR (+1.1%) since Jul 16, 2026. Share price +7.3% over the past month.

A solid business, but trading 67% above our fair value.

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What matters now

  • The price sits above even our optimistic bull case (0.1641 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.4000 MYR 0.1500 MYR Fair Value 0.1315 MYR Jan 2021 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 0.1500 MYR – 0.4000 MYR · fair‑value band 0.0985 MYR – 0.1641 MYR · the 0.2200 MYR price screens above the 0.1315 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Protasco Bhd (5070) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.1315 MYR, implying the stock looks roughly 40.2% overvalued today. The Quality Score stands at 68/100 (solid 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: high).

Over the trailing twelve months, Protasco Bhd generated revenue of 1.4B MYR at a net margin of 5.3%. Revenue declined 23.8% year over year. It earns a return on equity of 27.9%. Net debt stands at 85.3M MYR. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.0985 MYR (bear case) to 0.1641 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 about 27% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at -40%, 5070 screens richer 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 3.99 MYR 5.14 MYR 6.50 MYR 80
Residual Income 0.7800 MYR 1.00 MYR 2.28 MYR 76
Rev-Margin DCF 3.79 MYR 5.45 MYR 7.39 MYR 74
All 24 models by family
DCF Models
FCF DCF 3.99 MYR 5.33 MYR 7.03 MYR 38
Owner Earnings 2.12 MYR 2.69 MYR 3.42 MYR 31
5Y Revenue Exit 3.79 MYR 5.43 MYR 7.50 MYR 39
5Y EBITDA Exit 3.94 MYR 5.71 MYR 7.76 MYR 41
5Y P/E Exit 3.28 MYR 4.48 MYR 5.71 MYR 38
10Y Revenue Exit 3.77 MYR 5.14 MYR 6.97 MYR 36
10Y EBITDA Exit 3.92 MYR 5.31 MYR 7.14 MYR 37
10Y P/E Exit 3.56 MYR 4.58 MYR 5.79 MYR 35
Earnings-Based
Graham-Dodd 0.9900 MYR 3.25 MYR 4.35 MYR 54
Lynch FV 0.7300 MYR 1.04 MYR 1.36 MYR 50
PEG = 1.0 0.7300 MYR 1.04 MYR 1.36 MYR 46
EPV 2.89 MYR 3.16 MYR 3.37 MYR 59
Multiples
P/E Multiple 2.30 MYR 3.07 MYR 3.83 MYR 63
P/S Multiple 1.86 MYR 2.48 MYR 3.10 MYR 58
P/B Multiple 1.86 MYR 2.48 MYR 3.10 MYR 55
EV/EBIT 5.04 MYR 6.48 MYR 7.92 MYR 53
EV/EBITDA 4.32 MYR 5.52 MYR 6.73 MYR 54
EV/Revenue 3.80 MYR 5.12 MYR 6.44 MYR 43
Asset-Based
NCAV (Graham) 0.4100 MYR 0.5400 MYR 0.8100 MYR 50
Growth DCF
Growth DCF 3.99 MYR 5.14 MYR 6.50 MYR 80
Rev-Margin DCF 3.79 MYR 5.45 MYR 7.39 MYR 74
Economic Profit
Residual Income 0.7800 MYR 1.00 MYR 2.28 MYR 76
ROIC Compounder 2.91 MYR 3.20 MYR 3.44 MYR 72
Growth Earnings
Growth-Adj P/E 1.94 MYR 2.77 MYR 3.60 MYR 68

Widest divergence: DCF Models (5.14 MYR) versus Asset-Based (0.5400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 1.5
P/S ratio 0.07 TTM
Net margin 5.3% TTM
Return on equity 27.9% TTM
Return on assets 11.4% TTM
Operating margin 3.9% TTM
More key figures
Profitability
EPS (TTM) 0.1500 MYR
Growth
Revenue (TTM) 1.4B MYR TTM
Revenue growth (YoY) -23.8% 3y avg +16.8%
EPS growth (YoY) +126%
Balance sheet & cash flow
Free cash flow 188M MYR FY2025
Net debt 85.3M MYR FY2023 · ≈ 0.5 yrs of FCF

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 48

Profitability 57
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
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

Protasco Berhad, an investment holding company, provides infrastructure solutions in Malaysia. It operates through nine segments: Maintenance, Construction, Property Development, Engineering and Consultancy Services, Trading and Manufacturing, Clean Energy, Hotel and Hospitality, Asset Management, and Agriventure.

Full company description

Protasco Berhad, an investment holding company, provides infrastructure solutions in Malaysia. It operates through nine segments: Maintenance, Construction, Property Development, Engineering and Consultancy Services, Trading and Manufacturing, Clean Energy, Hotel and Hospitality, Asset Management, and Agriventure. The company offers routine maintenance, periodic maintenance, and emergency work services for federal and state roads; and designs, constructs, upgrades, and rehabilitates roads, bridges, and buildings. It also provides engineering and consultancy services, such as geotechnical and geo-environmental engineering; pavement, highway, and transportation engineering; asset and project management product, and personnel certification; and structural and material engineering services. In addition, the company develops residential and commercial properties; and develops, manufactures, and distributes pavement-maintenance materials, construction building supplies, petroleum-based products, and highway-safety equipment. Further, it provides civil engineering work and related services; solar panel installation contract works; supply of power and electricity derived from solar power plant; and green project management services. Additionally, the company engages in site investigation and soil testing activities, as well as operates and manages hotels, and processes and trades in fruits and related products. Protasco Berhad was founded in 1991 and is headquartered in Kajang, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Protasco Bhd reported revenue of 1.4B MYR in FY2025 versus 1.1B MYR in FY2021, a compound +6.1%/yr. Reported net income was 70.4M MYR in FY2025, compounding +43.3%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4B MYR
Latest YoY
+10.3%
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.
+16.8%
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.
+7.2%
Avg. revenue 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.
+4.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+43.7% (43.7 + 0.0)
Revenue +6.1%/yr
FY21 1.1B MYR
FY22 884M MYR
FY23 1.1B MYR
FY24 1.3B MYR
FY25 1.4B MYR
Net income +43.3%/yr
FY21 16.7M MYR
FY22 −29.4M MYR
FY23 6.7M MYR
FY24 25.4M MYR
FY25 70.4M MYR

5070 screens 40% overvalued. Compare with China Merchants Expressway Network & Technology Holdings →

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Cite: Fair Value Calculator (2026). "Protasco Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5070

Peer Group

Infrastructure Operations · 68 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 68 · Top 25%
Fair Value upside −41% · Bottom 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 5% · Below median
Operating margin (TTM) 4% · Bottom 25%
Revenue growth -24% · Bottom 25%
Debt / equity 0.05× · Lower than 75% of peers

Valuation Multiples vs Infrastructure Operations median · lower = cheaper

P/E (TTM) 1.5× · Cheaper than 75% of peers
P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 50
FUTURE0 · sector 12
PAST100 · sector 25
HEALTH97 · sector 68
DIVIDEND0 · sector 80

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

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Frequently asked questions

Is Protasco Bhd (5070) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.1315 MYR versus a price of 0.2200 MYR, about −40% (overvalued).
What is the fair value of 5070?
Our model-based fair value for Protasco Bhd is 0.1315 MYR (as of Aug 13, 2026), built from audited fundamentals. The current price: 0.2200 MYR.
What is the quality score of 5070?
Protasco Bhd has a Quality Score of 68/100. 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 Protasco Bhd (5070)?
Protasco Bhd reported trailing-twelve-month revenue of about 1.4B MYR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5070?
The net profit margin of Protasco Bhd is about 5.3%, meaning it keeps roughly 5.3% 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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