5232 Fair Value & Analysis
Basic Materials · MY · Market cap 119M MYR
Fair value as of: Jul 12, 2026
From 25 valuation models · updated 29 days ago
Share price −7.1% over the past month.
A solid business, screening 75% undervalued on our models.
What matters now
- The price is below even our cautious bear case (0.4300 MYR). The market is more pessimistic than our downside scenario.
- Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range 0.2966 MYR – 1.05 MYR · fair‑value band 0.4300 MYR – 0.7100 MYR · the 0.3250 MYR price screens below the 0.5700 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
5232 (5232) currently trades at 0.3250 MYR, while our model-based Fair Value estimate is 0.5700 MYR, implying the stock looks roughly 75.4% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials 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, 5232 generated revenue of 910M MYR at a net margin of 1.6%. Revenue grew 1.1% year over year. It earns a return on equity of 2.4%. Net debt stands at 453M MYR. Fundamentals as of Jul 12, 2026
Our scenario range runs from 0.4300 MYR (bear case) to 0.7100 MYR (bull case); at 0.3250 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, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 75%, 5232 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.
All 25 models by family
Widest divergence: Asset-Based (1.18 MYR) versus Dividend Discount (0.0900 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 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 37
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
Leon Fuat Berhad, an investment holding company, processes and trades in steel products in Malaysia. The company offers flat steel products, such as carbon and stainless-steel coils, sheets, plates, welded tubes and pipes, and welded rectangular and square sections, as well as alloy steel plates.
Full company description
Leon Fuat Berhad, an investment holding company, processes and trades in steel products in Malaysia. The company offers flat steel products, such as carbon and stainless-steel coils, sheets, plates, welded tubes and pipes, and welded rectangular and square sections, as well as alloy steel plates. It also provides long steel products, consists of carbon and stainless-steel bars and rods, angles and channels, sections, shafts, and seamless tubes and pipes, as well as alloy steel bars. In addition, the company offers value added services, such as cutting, levelling, shearing, profiling, bending, and finishing, as well as engages in production of expanded metal. It serves manufacturers of metal products and components; and fabricators of machinery, equipment and metal structure, building, construction, and infrastructure industries, as well as hardware wholesalers and retailers. The company was founded in 1972 and is based in Shah Alam, Malaysia. Leon Fuat Berhad is a subsidiary of Leon Fuat Holdings Sdn. Bhd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
5232 reported revenue of 907M MYR in FY2025 versus 887M MYR in FY2021, a compound +0.6%/yr. Reported net income was 11.5M MYR in FY2025, compounding −46.1%/yr from FY2021.
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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.
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 12, 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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