EC Excel Holdings (5192) Fair Value & Analysis
Basic Materials · MY · Market cap 181M MYR
Fair value as of: Jul 13, 2026
From 24 valuation models · updated 28 days ago
Share price −1.8% over the past month.
Below-average quality, and screening another 41% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (0.6000 MYR). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range 0.2989 MYR – 1.65 MYR · fair‑value band 0.3600 MYR – 0.6000 MYR · the 0.8200 MYR price screens above the 0.4800 MYR fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
EC Excel Holdings (5192) currently trades at 0.8200 MYR, while our model-based Fair Value estimate is 0.4800 MYR, implying the stock looks roughly 41.5% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Basic Materials 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, EC Excel Holdings generated revenue of 253M MYR at a net margin of 3.0%. Revenue grew 29.3% year over year. It earns a return on equity of 6.5%. Net debt stands at 68.7M MYR. Fundamentals as of Jul 13, 2026
Our scenario range runs from 0.3600 MYR (bear case) to 0.6000 MYR (bull case); at 0.8200 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 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -41%, 5192 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.
All 24 models by family
Widest divergence: DCF Models (1.79 MYR) versus Earnings-Based (0.2100 MYR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 47
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
EC Excel Holdings Berhad, an investment holding company, engages in the manufacture and processing of secondary stainless steel and other metal related products in Malaysia, the Republic of Singapore, Australia, the Republic of Indonesia, and Brunei.
Full company description
EC Excel Holdings Berhad, an investment holding company, engages in the manufacture and processing of secondary stainless steel and other metal related products in Malaysia, the Republic of Singapore, Australia, the Republic of Indonesia, and Brunei. It operates through Stainless Steel and Metal Related Products; Marine Hardware and Consumable; Other Industrial Hardware; and Engineering and Project Works segments. The company manufactures stainless steel tubes and pipes, as well as processes stainless steel flat products. It also trades in stainless steel long and flat products, and other metal related products; marine hardware and consumables; a variety of consumables; and various industrial hardware products. In addition, the company offers engineering works, fabricates and installs rubber glove dipping lines; hires motor vehicles; and operates as a dealer for industrial products, cables, belts, and hardware. Further, it engages in the supply, fabrication, and installation of aluminium, glass, and related products; shipbuilders, architects and building contractors, industrial hardware wholesalers and retailers; trading in water pipes and fittings systems, and construction materials; and supply and installation of stainless-steel related products or structural products for the retail and business projects. EC Excel Holdings Berhad was formerly known as K. Seng Seng Corporation Berhad and changed its name to EC Excel Holdings Berhad in May 2026. EC Excel Holdings Berhad was incorporated in 1985 and is based in Balakong, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
EC Excel Holdings reported revenue of 235M MYR in FY2025 versus 152M MYR in FY2021, a compound +11.5%/yr. Reported net income was 6.1M MYR in FY2025, compounding −13.1%/yr from FY2021.
5192 screens 41% overvalued. Compare with Tata Steel Limited →
Peer Group
Steel · 378 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.
Valuation Multiples vs Steel median · lower = cheaper
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 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
| Ternium S.A TXR | 17,780 ARS | 27,210 ARS | +53% |
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Frequently asked questions
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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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