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Advancecon Holdings (5281) Fair Value & Analysis

Industrials · MY · Market cap 98.2M MYR

AH Advancecon Holdings 5281 · KLSE
Price0.1800 MYR
Fair Value0.2500 MYR
Upside+38.9%
Quality49/100
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Healthy Growth
Thin margins · 1.8% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Narrow moat 30/100
Evidence: High Range 0.1900 MYR – 0.3100 MYR Share as image

Fair value as of: Jul 13, 2026

From 23 valuation models · updated 28 days ago

Share price +2.9% over the past month.

Below-average quality, screening 39% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.1900 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) 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)

0.4450 MYR 0.1750 MYR Fair Value 0.2500 MYR Jan 2021 Aug 2026

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 0.1750 MYR – 0.4450 MYR · fair‑value band 0.1900 MYR – 0.3100 MYR · the 0.1800 MYR price screens below the 0.2500 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Advancecon Holdings (5281) currently trades at 0.1800 MYR, while our model-based Fair Value estimate is 0.2500 MYR, implying the stock looks roughly 38.9% undervalued today. The Quality Score stands at 49/100 (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, Advancecon Holdings generated revenue of 420M MYR at a net margin of 1.8%. Revenue declined 3.7% year over year. It earns a return on equity of 3.3%. Net debt stands at 191M MYR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 0.1900 MYR (bear case) to 0.3100 MYR (bull case); at 0.1800 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 28% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 39%, 5281 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
Residual Income 0.2000 MYR 0.1900 MYR 0.1500 MYR 76
Rev-Margin DCF 0.0800 MYR 0.2700 MYR 0.4800 MYR 74
ROIC Compounder 0.1100 MYR 0.1400 MYR 0.1700 MYR 72
All 23 models by family
DCF Models
FCF DCF 0.0100 MYR 38
Owner Earnings 0.2100 MYR 0.3700 MYR 0.5700 MYR 31
5Y Revenue Exit 0.0800 MYR 0.2700 MYR 0.5200 MYR 39
5Y EBITDA Exit 0.4100 MYR 0.9000 MYR 1.48 MYR 41
5Y P/E Exit 0.0600 MYR 0.1600 MYR 38
10Y Revenue Exit 0.1400 MYR 0.3400 MYR 36
10Y EBITDA Exit 0.1900 MYR 0.5200 MYR 0.9700 MYR 37
10Y P/E Exit 0.0200 MYR 0.1000 MYR 35
Earnings-Based
Graham-Dodd 0.0800 MYR 0.2700 MYR 0.3700 MYR 54
Lynch FV 0.0600 MYR 0.0900 MYR 0.1200 MYR 50
PEG = 1.0 0.0600 MYR 0.0900 MYR 0.1200 MYR 46
EPV 0.1100 MYR 0.1400 MYR 0.1700 MYR 59
Multiples
P/E Multiple 0.1900 MYR 0.2500 MYR 0.3100 MYR 63
P/S Multiple 0.1500 MYR 0.2000 MYR 0.2500 MYR 58
P/B Multiple 0.1500 MYR 0.2000 MYR 0.2500 MYR 55
EV/EBIT 0.3800 MYR 0.5500 MYR 0.7300 MYR 53
EV/EBITDA 0.9000 MYR 1.26 MYR 1.61 MYR 54
EV/Revenue 0.2200 MYR 0.3900 MYR 0.5500 MYR 43
Asset-Based
NCAV (Graham) 0.1500 MYR 0.2000 MYR 0.2900 MYR 50
Growth DCF
Rev-Margin DCF 0.0800 MYR 0.2700 MYR 0.4800 MYR 74
Economic Profit
Residual Income 0.2000 MYR 0.1900 MYR 0.1500 MYR 76
ROIC Compounder 0.1100 MYR 0.1400 MYR 0.1700 MYR 72
Growth Earnings
Growth-Adj P/E 0.1600 MYR 0.2300 MYR 0.3000 MYR 68

Widest divergence: DCF Models (0.2700 MYR) versus Earnings-Based (0.0900 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 420M MYR
Revenue growth (YoY) -3.7%
Net margin 1.8%
Return on equity 3.3%
Free cash flow 5.8M MYR FY2025
P/E ratio 17.5
More key figures
Operating margin 5.6%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) +89.1%
Net debt 191M MYR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 40

Profitability 27
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 61
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

Advancecon Holdings Berhad, together with its subsidiaries, provides earthworks and civil engineering services in Malaysia. The company operates through five segments: Construction and Support Services; Property Investments; Green Energy; Quarry Operations; and Property Development.

Full company description

Advancecon Holdings Berhad, together with its subsidiaries, provides earthworks and civil engineering services in Malaysia. The company operates through five segments: Construction and Support Services; Property Investments; Green Energy; Quarry Operations; and Property Development. The Construction and Support Services segment is involved in earthworks and civil engineering. The Property Investments segment engages in sales of investment properties for capital gain and rental of investment properties. The Green Energy segment develops and operates power generation from renewable energy, solar, and other renewable energy projects. The Quarry Operations segment operates contracted quarry. The Property Development is involved in involved in the development of industrial park and provides workers' dormitory/accommodation services. It is also involved in the sale of construction materials; sale of quarry and premix products; provides port services; hires earth-moving machineries and transportation agent; supply of labour; and contracting in all types of construction works and other related businesses. In addition, the company offers civil engineering services, construction of main drains, road works, sewerage systems and hiring services of heavy machinery and equipment. Advancecon Holdings Berhad was incorporated in 1997 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advancecon Holdings reported revenue of 423M MYR in FY2025 versus 271M MYR in FY2021, a compound +11.8%/yr. Reported net income was 6.7M MYR in FY2025, compounding +34.3%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
423M MYR
Latest YoY
+10.4%
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.
+0.1%
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.
+11.1%
Avg. growth/yr (10Y) 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.
+4.8%
Revenue +11.8%/yr
FY21 271M MYR
FY22 422M MYR
FY23 450M MYR
FY24 383M MYR
FY25 423M MYR
Net income +34.3%/yr
FY21 2.0M MYR
FY22 −23.4M MYR
FY23 −34.3M MYR
FY24 −22.7M MYR
FY25 6.7M MYR

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Cite: Fair Value Calculator (2026). "Advancecon Holdings Fair Value". https://www.fairvalue-calculator.com/stock/5281

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 49 · Below median
Fair Value upside +39% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth -4% · Below median
Debt / equity 0.60× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 17.5× · Pricier than median
P/B 0.60× · Cheaper than median
P/S (TTM) 0.23× · Cheaper than median
P/FCF 4.1× · Pricier than median
EV/EBITDA 3.6× · 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 85 · sector 16
FUTURE 0 · sector 17
PAST 13 · sector 26
HEALTH 70 · sector 94
DIVIDEND 0 · sector 33

Insider activity: 30/100

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 13, 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 Advancecon Holdings (5281) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 0.2500 MYR versus a price of 0.1800 MYR, about +39% (undervalued).
What is the fair value of 5281?
Our model-based fair value for Advancecon Holdings is 0.2500 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 0.1800 MYR.
What is the quality score of 5281?
Advancecon Holdings has a Quality Score of 49/100. 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 Advancecon Holdings (5281)?
Advancecon Holdings reported trailing-twelve-month revenue of about 420M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 5281?
The net profit margin of Advancecon Holdings is about 1.8%, meaning it keeps roughly 1.8% 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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