Wah Seong Corporation Bhd (5142) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Wah Seong Corporation Bhd MYR 0.96, price MYR 0.71, upside +36.6%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Wasco Berhad provides energy solutions worldwide It operates through Energy Services, Bioenergy Services, and Others segments.
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Wasco Berhad provides energy solutions worldwide It operates through Energy Services, Bioenergy Services, and Others segments. The company engages in pipe coating and manufacturing activities; building and operation offshore and onshore field development facilities; specialized equipment and services to the power generation, oleochemical, and petrochemical industries; and specialized equipment for biomass power plants, such as industrial fans, boilers, and turbines. It also provides management support; coating plant construction; pipeline anti-corrosion and concrete weight coating; line pipe thermal insulation; fuel, gas, and gas cylinders; property investment; cathodic protection services and equipment; corrosion protection, passive fire protection, special paint coating, and technical training services; spiral welded pipes; engineering, design, fabrication, and construction; operation and maintenance; spare parts and equipment for the palm oil and other agricultural industries; decanters; and accessories and equipment under the Saito brand for disc bowl centrifuges. In addition, the company engages in the manufacture, supply, and installation of sacrificial anodes; leasing of compressors, power generators, and equipment; designing, engineering, fabrication, and sale of gas processing and compression systems, and gas-based power generators; servicing and sale of parts for oil and gas processing and compression systems; contracting of industrial engineering projects; letting of properties; and undertaking steam boilers and energy system projects. Further, it is involved in the trading, distribution, and warehousing of building materials; and treasury management activities, including cash financing, debt management, investment, and financial risk management. The company was formerly known as Wah Seong Corporation Berhad and changed its name to Wasco Berhad in May 2023. Wasco Berhad was founded in 1994 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Wah Seong Corporation Bhd (5142) currently trades at 0.7050 MYR, while our model-based Fair Value estimate is 0.9628 MYR, implying the stock looks roughly 26.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.79 MYR per share, and 24 of the 26 models we run sit above the 0.7050 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.5400 MYR, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.7221 MYR (bear) to 1.32 MYR (bull), the price of 0.7050 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 50/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wah Seong Corporation Bhd reported revenue of 2.6B MYR in FY2025 versus 1.4B MYR in FY2021, a compound +16.2%/yr. Reported net income was 161M MYR in FY2025.
Key figures
Market cap 546M MYR (≈ $134M) · P/E ratio 3.9 · P/S ratio 0.24 · EPS (TTM) 0.1800 MYR · Dividend yield 8.5% · Net margin 6.2% · Return on equity 12.6% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at 37%, 5142 screens cheaper than that median.
Fair Value models
Bear 0.7221 MYRFair Value 0.9628 MYRBull 1.32 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 2025 figures (about 9 months old). Earnings retained since then (0.0894 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−18.2%
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.
+3.3%
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.
+13.1%
Start year 2020 (pandemic). Over 10 years: +3.5% 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.
+2.2%
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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.
+54.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+46.1%
Dividend (yield on the price)8.5%
Profit margin 2020 to 2025 ⓘ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.−15% → 6%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−15.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −17.0% a year for the price and +8.6% for the forecasts.
Compare Wah Seong Corporation Bhd with another stock
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.Oil & Gas Equipment & Services · 185 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+36.6% · Top 25%
Profitability
Return on equity (TTM)12.6% · Above median
Return on assets4.8% · Above median
Net margin (TTM)5.8% · Above median
Operating margin (TTM)5.4% · Below median
Growth and dividend
Revenue growth−37.3% · Bottom 25%
Dividend yield (TTM)8.5% · Top 25%
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Wah Seong Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5142
Frequently asked questions
Is Wah Seong Corporation Bhd (5142) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.9628 MYR versus a price of 0.7050 MYR, about +37% upside (undervalued).
What is the fair value of 5142?
Our model-based fair value for Wah Seong Corporation Bhd is 0.9628 MYR (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.7050 MYR.
What is the quality score of 5142?
Wah Seong Corporation Bhd has a Quality Score of 50/100. 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 Wah Seong Corporation Bhd (5142)?
Our model-based price target is the fair value of 0.9628 MYR (as of Sep 27, 2026) from 26 valuation models. Cautious scenario 0.7221 MYR, optimistic scenario 1.32 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Wah Seong Corporation Bhd stock forecast for 2026?
Our models put fair value at 0.9628 MYR, about +37% upside versus a price of 0.7050 MYR (undervalued). Cautious scenario 0.7221 MYR, optimistic scenario 1.32 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Wah Seong Corporation Bhd (5142)?
Wah Seong Corporation Bhd reported trailing-twelve-month revenue of about 2.3B MYR (latest available figure, as of Sep 27, 2026).
Does Wah Seong Corporation Bhd pay a dividend?
Wah Seong Corporation Bhd currently shows a dividend yield of about 8.51% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Wah Seong Corporation Bhd (5142)?
For today's price to be fair in a discounted-cash-flow model, Wah Seong Corporation Bhd would have to grow free cash flow by -15.4 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.1 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 5142 use?
Our models discount Wah Seong Corporation Bhd at 12.6 %: a base by market capitalisation (micro), damped by beta 0.11, 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 Wah Seong Corporation Bhd that is -15.4 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Wah Seong Corporation Bhd (5142) delivered so far?
Over the past 5 years revenue at Wah Seong Corporation Bhd grew +13.1 % a year. The price currently implies -15.4 % 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 Wah Seong Corporation Bhd (5142) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Wah Seong Corporation Bhd (-15.4 % 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 Wah Seong Corporation Bhd (5142)?
The free-cash-flow yield on the price is 22.84 %: that much free cash flow Wah Seong Corporation Bhd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wah Seong Corporation Bhd (5142)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wah Seong Corporation Bhd it is 0.9628 MYR per share (as of Sep 27, 2026), against a price of 0.7050 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Wah Seong Corporation Bhd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 5142 trades below its calculated fair value: price 0.7050 MYR, fair value 0.9628 MYR, a gap of about +37% (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 5142?
No. The price is what the market pays today (0.7050 MYR); the fair value is what the company's own numbers justify (0.9628 MYR). For Wah Seong Corporation Bhd the two are 0.2578 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Wah Seong Corporation Bhd worth?
The market values Wah Seong Corporation Bhd at about 546M MYR (market capitalisation, as of Sep 27, 2026). Per share that is 0.7050 MYR; our models calculate a fair value of 0.9628 MYR per share.
What do the bullish and bearish scenarios say about 5142?
Our models span a range for Wah Seong Corporation Bhd: cautious scenario 0.7221 MYR, base 0.9628 MYR, optimistic 1.32 MYR per share (as of Sep 27, 2026, price 0.7050 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5142?
Wah Seong Corporation Bhd trades at a price-to-earnings ratio of 3.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.9628 MYR is built from several models across several years. Other multiples: PEG 0.9, P/B 0.5, P/S 0.2, EV/EBITDA 1.7.
What is the PEG ratio of 5142?
The PEG ratio of Wah Seong Corporation Bhd is 0.86 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Wah Seong Corporation Bhd (5142)?
Balance-sheet figures for Wah Seong Corporation Bhd (as of Sep 27, 2026): return on equity 12.6%, debt of 0.10 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 5142 from its 52-week high?
Wah Seong Corporation Bhd trades at 0.7050 MYR, about 38% below its 52-week high of 1.13 MYR and 4% above the low of 0.6800 MYR (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9628 MYR is for.
Which stocks are comparable to Wah Seong Corporation Bhd?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Tenaris S.A, TechnipFMC plc, 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 Wah Seong Corporation Bhd stock attractive at the current price?
The data as of Sep 27, 2026: price 0.7050 MYR, calculated fair value 0.9628 MYR (+37%), Quality Score 50/100, from 26 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 5142 calculated?
We run Wah Seong Corporation Bhd through 26 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 0.9628 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 15.9 % above its aggregate fair value. Wah Seong Corporation Bhd currently trades 27 % 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 Wah Seong Corporation Bhd (5142)?
The closing price on Sep 29, 2026 was 0.7050 MYR. Our model-based fair value is 0.9628 MYR, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wah Seong Corporation Bhd right now?
The price is below even our cautious bear case (0.7221 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 (50/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.7221 MYR to 1.32 MYR) leaves room in how you read the outcome.
Key figures of Wah Seong Corporation Bhd
How large is the market capitalisation of Wah Seong Corporation Bhd (5142)?
The market capitalisation of Wah Seong Corporation Bhd is 546M MYR (≈ $134M). 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 Wah Seong Corporation Bhd (5142)?
The price-to-sales ratio of Wah Seong Corporation Bhd is 0.24 (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 Wah Seong Corporation Bhd (5142)?
Earnings per share at Wah Seong Corporation Bhd are 0.1800 MYR (price ÷ EPS = P/E 3.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wah Seong Corporation Bhd (5142)?
The dividend yield of Wah Seong Corporation Bhd is 8.5% (payout 33.3%). 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 Wah Seong Corporation Bhd (5142)?
The net margin of Wah Seong Corporation Bhd is 6.2% (fiscal year 2025). 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 Wah Seong Corporation Bhd (5142)?
The return on equity (ROE) of Wah Seong Corporation Bhd is 12.6% (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 Wah Seong Corporation Bhd (5142)?
On an EBIT basis the return on assets of Wah Seong Corporation Bhd is 6.4% (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 Wah Seong Corporation Bhd (5142)?
The operating margin of Wah Seong Corporation Bhd is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wah Seong Corporation Bhd (5142)?
Revenue at Wah Seong Corporation Bhd is growing −37.3% versus a year earlier (3y avg +3.3%). 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 Wah Seong Corporation Bhd (5142)?
Earnings per share at Wah Seong Corporation Bhd are growing −68.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wah Seong Corporation Bhd (5142) carry?
The net debt of Wah Seong Corporation Bhd is 407M MYR (fiscal year 2025, ≈ 3.3 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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