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Eversendai Corporation (5205) Fair Value & Analysis

Industrials · MY · Market cap 246M MYR

EC Eversendai Corporation 5205 · KLSE
Price0.2900 MYR
Fair Value0.3609 MYR
Upside+24.5%
Quality61/100
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Healthy Growth
Thin margins · 4.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (11/13)
Moderate moat 51/100
Evidence: High Range 0.2710 MYR – 0.4508 MYR Share as image

Fair value as of: Jul 16, 2026

From 23 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.3636 MYR to 0.3609 MYR (−0.7%) since Jul 11, 2026. Share price −1.7% over the past month.

A solid business, screening 24% undervalued on our models.

What matters now

  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 0.2710 MYR (bear) to 0.4508 MYR (bull), base 0.3609 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

0.7450 MYR 0.0600 MYR Fair Value 0.3609 MYR Dec 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.0600 MYR – 0.7450 MYR · fair‑value band 0.2710 MYR – 0.4508 MYR · the 0.2900 MYR price screens below the 0.3609 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Eversendai Corporation (5205) currently trades at 0.2900 MYR, while our model-based Fair Value estimate is 0.3609 MYR, implying the stock looks roughly 24.5% undervalued today. The Quality Score stands at 61/100 (solid 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, Eversendai Corporation generated revenue of 2.2B MYR at a net margin of 4.7%. Revenue grew 26.4% year over year. It earns a return on equity of 31.1%. Net debt stands at 292M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.2710 MYR (bear case) to 0.4508 MYR (bull case); at 0.2900 MYR, the current price sits within 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 49% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 24%, 5205 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 2.49 MYR 3.25 MYR 4.11 MYR 80
Residual Income 0.7300 MYR 1.00 MYR 4.27 MYR 76
Rev-Margin DCF 2.07 MYR 3.06 MYR 4.17 MYR 74
All 23 models by family
DCF Models
FCF DCF 2.47 MYR 3.32 MYR 4.34 MYR 38
Owner Earnings 1.45 MYR 1.97 MYR 2.59 MYR 31
5Y Revenue Exit 2.07 MYR 3.02 MYR 4.18 MYR 39
5Y EBITDA Exit 2.44 MYR 3.69 MYR 5.08 MYR 41
5Y P/E Exit 2.10 MYR 3.07 MYR 4.05 MYR 38
10Y Revenue Exit 2.18 MYR 2.99 MYR 3.98 MYR 36
10Y EBITDA Exit 2.42 MYR 3.38 MYR 4.55 MYR 37
10Y P/E Exit 2.24 MYR 3.02 MYR 3.89 MYR 35
Earnings-Based
Graham-Dodd 0.9600 MYR 2.50 MYR 3.26 MYR 54
PEG = 1.0 0.4800 MYR 0.6800 MYR 0.8800 MYR 46
EPV 1.29 MYR 1.46 MYR 1.60 MYR 59
Multiples
P/E Multiple 2.23 MYR 2.97 MYR 3.71 MYR 63
P/S Multiple 1.80 MYR 2.40 MYR 3.00 MYR 58
P/B Multiple 1.72 MYR 2.29 MYR 2.86 MYR 55
EV/EBIT 2.69 MYR 3.64 MYR 4.58 MYR 53
EV/EBITDA 2.78 MYR 3.76 MYR 4.74 MYR 54
EV/Revenue 1.88 MYR 2.75 MYR 3.61 MYR 43
Asset-Based
NCAV (Graham) 0.2500 MYR 0.3400 MYR 0.5100 MYR 50
Growth DCF
Growth DCF 2.49 MYR 3.25 MYR 4.11 MYR 80
Rev-Margin DCF 2.07 MYR 3.06 MYR 4.17 MYR 74
Economic Profit
Residual Income 0.7300 MYR 1.00 MYR 4.27 MYR 76
ROIC Compounder 1.34 MYR 1.58 MYR 1.81 MYR 72
Growth Earnings
Growth-Adj P/E 1.74 MYR 2.48 MYR 3.22 MYR 68

Widest divergence: Growth DCF (3.06 MYR) versus Asset-Based (0.3400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.2B MYR
Revenue growth (YoY) +26.4%
Net margin 4.7%
Return on equity 31.1%
Free cash flow 255M MYR FY2025
P/E ratio 2.1
More key figures
Operating margin 3.0%
EPS (TTM) 0.1400 MYR
EPS growth (YoY) +17.2%
Net debt 292M MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 57 · Market factors (momentum, volatility) 18

Profitability 46
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 81
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

Eversendai Corporation Berhad, together with its subsidiaries, provides construction services in the Middle East, India, Southeast Asia, and internationally.

Full company description

Eversendai Corporation Berhad, together with its subsidiaries, provides construction services in the Middle East, India, Southeast Asia, and internationally. The company offers structural steel design and engineering services; structural steel erection for high rise buildings, shopping malls/retail centres, stadiums, airports, long span roof structures, industrial plants, as well as factories, warehouses, and bridges; and installation of mechanical equipment for power plants. It also provides onshore/offshore oil and gas fabrication; undertakes offshore wind projects; and fabrication engineering, fabrication, and loadout and sea-fastening of offshore wind systems, as well as fabrication and supply structural steels. In addition, the company engages in general contracting services; Industrial Establishment building contracting fire proofing and civil works; steel fabrication and painting; civil engineering services; manufacturing and construction of oil and gas field equipment, oil and gas facility, sea platforms and rigs, structural steel, pressure vessels and other related activities; and real estate development activities. Further, it is involved in the provision of engineering, procurement, fabrication, and construction services for the oil and gas industry; mechanical, electrical, civil and general engineering and consultancy; and engineering, design, detailing, steel fabrication, and development of residential buildings and commercial complexes. The company was founded in 1984 and is based in Rawang, Malaysia. Eversendai Corporation Berhad is a subsidiary of Vahana Holdings Sdn Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eversendai Corporation reported revenue of 2.1B MYR in FY2025 versus 1.2B MYR in FY2021, a compound +15.0%/yr. Reported net income was 110M MYR in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.1B MYR
Latest YoY
+71.1%
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.
+33.1%
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.
+13.9%
Avg. 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.
+5.8%
Revenue +15.0%/yr
FY21 1.2B MYR
FY22 905M MYR
FY23 1.5B MYR
FY24 1.2B MYR
FY25 2.1B MYR
Net income
FY21 −137M MYR
FY22 −362M MYR
FY23 26.7M MYR
FY24 13.4M MYR
FY25 110M MYR

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Cite: Fair Value Calculator (2026). "Eversendai Corporation Fair Value". https://www.fairvalue-calculator.com/stock/5205

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 61 · Top 25%
Fair Value upside +24% · Above median
Return on equity (TTM) 31% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 26% · Top 25%
Debt / equity 0.96× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 2.4× · Cheaper than 75% of peers
P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 0.9× · 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 65 · sector 16
FUTURE 100 · sector 17
PAST 100 · sector 26
HEALTH 52 · 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 16, 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 Eversendai Corporation (5205) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.3609 MYR versus a price of 0.2900 MYR, about +24% (undervalued).
What is the fair value of 5205?
Our model-based fair value for Eversendai Corporation is 0.3609 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.2900 MYR.
What is the quality score of 5205?
Eversendai Corporation has a Quality Score of 61/100. 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 Eversendai Corporation (5205)?
Eversendai Corporation reported trailing-twelve-month revenue of about 2.2B MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5205?
The net profit margin of Eversendai Corporation is about 4.7%, meaning it keeps roughly 4.7% 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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