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Ingenieur Gudang Berhad, an investment holding company, (5178) Fair Value & Analysis

Industrials · MY · Market cap 60.7M MYR

IG Ingenieur Gudang Berhad, an investment holding company, 5178 · KLSE
Price0.0350 MYR
Fair Value0.0600 MYR
Upside+71.4%
Quality46/100
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Weak Growth
Highly profitable · 22.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 41/100
Evidence: High Range 0.0480 MYR – 0.0680 MYR Share as image

Fair value as of: Jul 17, 2026

From 22 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 0.0413 MYR to 0.0600 MYR (+45.5%) since Jun 26, 2026. Share price +16.7% over the past month.

Below-average quality, screening 71% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0480 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) 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)

0.1700 MYR 0.0250 MYR Fair Value 0.0600 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.0250 MYR – 0.1700 MYR · fair‑value band 0.0480 MYR – 0.0680 MYR · the 0.0350 MYR price screens below the 0.0600 MYR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Ingenieur Gudang Berhad, an investment holding company, (5178) currently trades at 0.0350 MYR, while our model-based Fair Value estimate is 0.0600 MYR, implying the stock looks roughly 71.4% undervalued today. The Quality Score stands at 46/100 (below-average 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, Ingenieur Gudang Berhad, an investment holding company, generated revenue of 44.7M MYR at a net margin of 22.5%. Revenue declined 66.7% year over year. It earns a return on equity of 5.1%. Net debt stands at 17.9M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.0480 MYR (bear case) to 0.0680 MYR (bull case); at 0.0350 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 22% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 71%, 5178 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 0.0300 MYR 0.0400 MYR 0.0500 MYR 80
Rev-Margin DCF 0.0200 MYR 0.0300 MYR 0.0500 MYR 74
ROIC Compounder 0.0400 MYR 0.0500 MYR 0.0500 MYR 72
All 22 models by family
DCF Models
FCF DCF 0.0300 MYR 0.0300 MYR 0.0500 MYR 38
Owner Earnings 0.0400 MYR 0.0500 MYR 0.0700 MYR 31
5Y Revenue Exit 0.0200 MYR 0.0300 MYR 0.0500 MYR 39
5Y EBITDA Exit 0.0300 MYR 0.0500 MYR 0.0800 MYR 41
5Y P/E Exit 0.0400 MYR 0.0700 MYR 0.1100 MYR 38
10Y Revenue Exit 0.0200 MYR 0.0300 MYR 0.0400 MYR 36
10Y EBITDA Exit 0.0300 MYR 0.0400 MYR 0.0500 MYR 37
10Y P/E Exit 0.0400 MYR 0.0500 MYR 0.0700 MYR 35
Earnings-Based
Graham-Dodd 0.0500 MYR 0.0600 MYR 0.0600 MYR 54
EPV 0.0400 MYR 0.0500 MYR 0.0500 MYR 59
Multiples
P/E Multiple 0.0800 MYR 0.1100 MYR 0.1400 MYR 63
P/S Multiple 0.0300 MYR 0.0400 MYR 0.0600 MYR 58
P/B Multiple 0.0800 MYR 0.1100 MYR 0.1400 MYR 55
EV/EBIT 0.0700 MYR 0.1000 MYR 0.1300 MYR 53
EV/EBITDA 0.0500 MYR 0.0700 MYR 0.0900 MYR 54
EV/Revenue 0.0200 MYR 0.0300 MYR 0.0500 MYR 43
Asset-Based
NCAV (Graham) 0.0700 MYR 0.0900 MYR 0.1300 MYR 50
Growth DCF
Growth DCF 0.0300 MYR 0.0400 MYR 0.0500 MYR 80
Rev-Margin DCF 0.0200 MYR 0.0300 MYR 0.0500 MYR 74
Economic Profit
Residual Income 0.0900 MYR 0.0900 MYR 0.0700 MYR 61
ROIC Compounder 0.0400 MYR 0.0500 MYR 0.0500 MYR 72
Growth Earnings
Growth-Adj P/E 0.0600 MYR 0.0900 MYR 0.1100 MYR 68

Widest divergence: Asset-Based (0.0900 MYR) versus Growth DCF (0.0300 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 44.7M MYR
Revenue growth (YoY) -66.7%
Net margin 22.5%
Return on equity 5.1%
Free cash flow 7.6M MYR FY2025
P/E ratio 4.0
More key figures
Operating margin -21.0%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) -94.7%
Net debt 17.9M MYR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 61

Profitability 34
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 40
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

Ingenieur Gudang Berhad, an investment holding company, engages in construction activities in Malaysia. It operates through Property Investment and Others, and Construction segments.

Full company description

Ingenieur Gudang Berhad, an investment holding company, engages in construction activities in Malaysia. It operates through Property Investment and Others, and Construction segments. The company is involved in the designing, planning, construction, and management of infrastructures, such as roads, tunnels, bridges, facilities, buildings, and other projects, as well as temporary construction facilities, production and administration buildings, and warehouses and workshops. It also undertakes civil and mechanical engineering, architectural, steel fabrication, and installation works. In addition, the company engages in the rental of investment properties, including storage and warehousing management, and other related services. Additionally, it offers mechanical works, including piping and equipment, steel structure, fabrication, and erection works, as well as piping and tankage works, and other related services. The company was formerly known as Dynaciate Group Berhad and changed its name to Ingenieur Gudang Berhad in July 2022. Ingenieur Gudang Berhad is based in Subang Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ingenieur Gudang Berhad, an investment holding company, reported revenue of 44.7M MYR in FY2025 versus 16.2M MYR in FY2021, a compound +28.9%/yr. Reported net income was 10.1M MYR in FY2025, compounding −5.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
44.7M MYR
Latest YoY
−9.5%
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.
+51.1%
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.
−5.5%
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.
−14.5%
Revenue +28.9%/yr
FY21 16.2M MYR
FY22 13.0M MYR
FY23 20.3M MYR
FY24 49.4M MYR
FY25 44.7M MYR
Net income −5.4%/yr
FY21 12.6M MYR
FY22 19.3M MYR
FY23 17.9M MYR
FY24 25.3M MYR
FY25 10.1M MYR

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Cite: Fair Value Calculator (2026). "Ingenieur Gudang Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5178

Peer Group

Engineering & Construction · 839 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 46 · Below median
Fair Value upside +71% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) -21% · Bottom 25%
Revenue growth -67% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 4.0× · Cheaper than 75% of peers
P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.33× · Cheaper than median
P/FCF 2.0× · Pricier than median
EV/EBITDA 2.6× · 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 100 · sector 16
FUTURE 0 · sector 17
PAST 20 · sector 26
HEALTH 94 · sector 94
DIVIDEND 0 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Ingenieur Gudang Berhad, an investment holding company, (5178) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.0600 MYR versus a price of 0.0350 MYR, about +71% (undervalued).
What is the fair value of 5178?
Our model-based fair value for Ingenieur Gudang Berhad, an investment holding company, is 0.0600 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.0350 MYR.
What is the quality score of 5178?
Ingenieur Gudang Berhad, an investment holding company, has a Quality Score of 46/100. 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 Ingenieur Gudang Berhad, an investment holding company, (5178)?
Ingenieur Gudang Berhad, an investment holding company, reported trailing-twelve-month revenue of about 44.7M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 5178?
The net profit margin of Ingenieur Gudang Berhad, an investment holding company, is about 22.5%, meaning it keeps roughly 22.5% 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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