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Seremban Engineering Berhad (5163) Fair Value & Analysis

Industrials · MY · Market cap 45.8M MYR

SE Seremban Engineering Berhad 5163 · KLSE
Price0.5850 MYR
Fair Value0.4821 MYR
Upside-17.6%
Quality50/100
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Mixed Growth
Solidly profitable · 12.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Moderate moat 52/100
Evidence: High Range 0.3535 MYR – 0.5785 MYR Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 0.2900 MYR to 0.4821 MYR (+66.2%) since Jul 11, 2026. Share price +3.5% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 0.3535 MYR (bear) to 0.5785 MYR (bull), base 0.4821 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

1.50 MYR 0.2000 MYR Fair Value 0.4821 MYR Nov 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.2000 MYR – 1.50 MYR · fair‑value band 0.3535 MYR – 0.5785 MYR · the 0.5850 MYR price screens above the 0.4821 MYR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Seremban Engineering Berhad (5163) currently trades at 0.5850 MYR, while our model-based Fair Value estimate is 0.4821 MYR, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 50/100 (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, Seremban Engineering Berhad generated revenue of 91.2M MYR at a net margin of 12.2%. Revenue declined 34.3% year over year. It earns a return on equity of 25.4%. Net debt stands at 59.3M MYR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.3535 MYR (bear case) to 0.5785 MYR (bull case); at 0.5850 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 20% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -18%, 5163 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 0.9800 MYR 1.31 MYR 1.71 MYR 80
Residual Income 0.3200 MYR 0.3000 MYR 0.2300 MYR 76
Rev-Margin DCF 0.8200 MYR 1.23 MYR 1.70 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.9800 MYR 1.37 MYR 1.86 MYR 38
Owner Earnings 0.2900 MYR 0.4100 MYR 0.5500 MYR 31
5Y Revenue Exit 0.8200 MYR 1.22 MYR 1.71 MYR 39
5Y EBITDA Exit 0.9300 MYR 1.43 MYR 2.00 MYR 41
5Y P/E Exit 0.5300 MYR 0.6800 MYR 0.8200 MYR 38
10Y Revenue Exit 0.8600 MYR 1.21 MYR 1.65 MYR 36
10Y EBITDA Exit 0.9400 MYR 1.33 MYR 1.84 MYR 37
10Y P/E Exit 0.7200 MYR 0.8900 MYR 1.07 MYR 35
Earnings-Based
Graham-Dodd 0.0900 MYR 0.3000 MYR 0.4000 MYR 54
Lynch FV 0.0700 MYR 0.0900 MYR 0.1200 MYR 50
PEG = 1.0 0.0700 MYR 0.0900 MYR 0.1200 MYR 46
EPV 0.5200 MYR 0.5900 MYR 0.6400 MYR 59
Dividend Discount
Gordon GGM 0.1400 MYR 0.2300 MYR 0.3000 MYR 70
DDM Multi-Stage 0.1400 MYR 0.2100 MYR 0.2500 MYR 61
Multiples
P/E Multiple 0.2200 MYR 0.2900 MYR 0.3600 MYR 63
P/S Multiple 0.1800 MYR 0.2300 MYR 0.2900 MYR 58
P/B Multiple 0.1800 MYR 0.2300 MYR 0.2900 MYR 55
EV/EBIT 1.04 MYR 1.38 MYR 1.73 MYR 53
EV/EBITDA 1.02 MYR 1.37 MYR 1.71 MYR 54
EV/Revenue 0.7400 MYR 1.06 MYR 1.38 MYR 43
Asset-Based
NCAV (Graham) 0.2400 MYR 0.3200 MYR 0.4800 MYR 50
Growth DCF
Growth DCF 0.9800 MYR 1.31 MYR 1.71 MYR 80
Rev-Margin DCF 0.8200 MYR 1.23 MYR 1.70 MYR 74
Economic Profit
Residual Income 0.3200 MYR 0.3000 MYR 0.2300 MYR 76
ROIC Compounder 0.5300 MYR 0.6300 MYR 0.7300 MYR 72
Growth Earnings
Growth-Adj P/E 0.1800 MYR 0.2600 MYR 0.3400 MYR 68

Widest divergence: Growth DCF (1.23 MYR) versus Earnings-Based (0.0900 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 91.2M MYR
Revenue growth (YoY) -34.3%
Net margin 12.2%
Return on equity 25.4%
Free cash flow 9.3M MYR FY2025
P/E ratio 4.7
More key figures
Operating margin 6.9%
EPS (TTM) 0.1400 MYR
EPS growth (YoY) -54.7%
Net debt 59.3M MYR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 46 · Market factors (momentum, volatility) 48

Profitability 26
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 43
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

Seremban Engineering Berhad engages in the manufacture, sales, and fabrication of process equipment and steel structures in Europe, Malaysia, Singapore, and the rest of Asia.

Full company description

Seremban Engineering Berhad engages in the manufacture, sales, and fabrication of process equipment and steel structures in Europe, Malaysia, Singapore, and the rest of Asia. It is involved in the design, fabrication, and installation of unfired pressure vessels, reactors, towers and columns, heat exchangers, oil heaters, and deodorisers, as well as receiver, storage, and mixing tanks. The company also engages in the fabrication and erection of steel structures and platforms, as well as piping works, such as carbon steel, stainless steel, and jacketed pipes; civil structural and architectural, mechanical, electrical, and piping works for plant construction and expansion; and maintenance services, and shutdown work for plants, machinery parts, and equipment; as well as engineering support; electrical and instrument works and site installation works. It serves food, oil and fats, palm oil refineries, water and waste treatment, gloves, chemical plants, oil and gas, and other general industries. The company was incorporated in 1979 and is headquartered in Seremban, Malaysia. Seremban Engineering Berhad is a subsidiary of MIE Industrial Sdn Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Seremban Engineering Berhad reported revenue of 134M MYR in FY2025 versus 93.6M MYR in FY2021, a compound +9.4%/yr. Reported net income was 1.1M MYR in FY2025, compounding −19.4%/yr from FY2021.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
134M MYR
Latest YoY
−54.6%
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.
−11.7%
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.
+12.9%
Avg. 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.
+2.3%
Revenue +9.4%/yr
FY21 93.6M MYR
FY22 194M MYR
FY23 275M MYR
FY24 295M MYR
FY25 134M MYR
Net income −19.4%/yr
FY21 2.6M MYR
FY22 5.2M MYR
FY23 4.6M MYR
FY24 3.1M MYR
FY25 1.1M MYR

5163 screens 18% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Seremban Engineering Berhad Fair Value". https://www.fairvalue-calculator.com/stock/5163

Peer Group

Metal Fabrication · 244 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 50 · Above median
Fair Value upside −18% · Above median
Return on equity (TTM) 25% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth -34% · Bottom 25%

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 4.1× · Cheaper than 75% of peers
P/B 0.29× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 1.2× · Cheaper than median
EV/EBITDA 1.6× · 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.

VALUE 10 · sector 0
FUTURE 0 · sector 36
PAST 100 · sector 21
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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.

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Frequently asked questions

Is Seremban Engineering Berhad (5163) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.4821 MYR versus a price of 0.5850 MYR, about −18% (overvalued).
What is the fair value of 5163?
Our model-based fair value for Seremban Engineering Berhad is 0.4821 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.5850 MYR.
What is the quality score of 5163?
Seremban Engineering Berhad 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 revenue of Seremban Engineering Berhad (5163)?
Seremban Engineering Berhad reported trailing-twelve-month revenue of about 91.2M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 5163?
The net profit margin of Seremban Engineering Berhad is about 12.2%, meaning it keeps roughly 12.2% 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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