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Mi Technovation Berhad, an investment holding company, (5286) Fair Value & Analysis

Technology · MY · Market cap 4.1B MYR

MT Mi Technovation Berhad, an investment holding company, 5286 · KLSE
Price5.58 MYR
Fair Value2.12 MYR
Upside-62.0%
Quality73/100
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Healthy Growth
Solidly profitable · 15.9% net margin
Low debt · generates free cash flow
0.64% dividend yield
Ranks above peers (13/15)
Moderate moat 60/100
Evidence: High Range 1.59 MYR – 2.65 MYR Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 26 days ago

Share price +20.5% over the past month.

A solid business, but screening 62% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (2.65 MYR). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

5.92 MYR 1.00 MYR Fair Value 2.12 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 1.00 MYR – 5.92 MYR · fair‑value band 1.59 MYR – 2.65 MYR · the 5.58 MYR price screens above the 2.12 MYR fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Mi Technovation Berhad, an investment holding company, (5286) currently trades at 5.58 MYR, while our model-based Fair Value estimate is 2.12 MYR, implying the stock looks roughly 62.0% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Technology 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, Mi Technovation Berhad, an investment holding company, generated revenue of 673M MYR at a net margin of 15.9%. Revenue grew 40.3% year over year. It earns a return on equity of 10.1%. The balance sheet holds a net cash position of 272M MYR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 1.59 MYR (bear case) to 2.65 MYR (bull case); at 5.58 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 near its 52-week high and 217% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -62%, 5286 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 BearBaseBull Evidence
Highest evidence
Growth DCF 2.14 MYR 3.51 MYR 6.18 MYR 80
Residual Income 1.01 MYR 1.09 MYR 1.34 MYR 76
Rev-Margin DCF 1.89 MYR 3.37 MYR 5.68 MYR 74
All 26 models by family
DCF Models
FCF DCF 2.25 MYR 3.24 MYR 6.30 MYR 38
Owner Earnings 1.82 MYR 3.51 MYR 6.92 MYR 31
5Y Revenue Exit 1.89 MYR 3.02 MYR 5.31 MYR 39
5Y EBITDA Exit 2.21 MYR 3.67 MYR 6.46 MYR 41
5Y P/E Exit 2.08 MYR 3.94 MYR 6.40 MYR 38
10Y Revenue Exit 1.94 MYR 3.60 MYR 5.02 MYR 36
10Y EBITDA Exit 2.21 MYR 4.22 MYR 7.98 MYR 37
10Y P/E Exit 2.13 MYR 3.98 MYR 7.23 MYR 35
Earnings-Based
Graham-Dodd 0.7200 MYR 5.03 MYR 7.05 MYR 54
Lynch FV 1.69 MYR 2.42 MYR 3.14 MYR 50
PEG = 1.0 1.69 MYR 2.42 MYR 3.14 MYR 46
EPV 1.48 MYR 1.65 MYR 1.79 MYR 59
Dividend Discount
Gordon GGM 0.2600 MYR 0.5300 MYR 0.8000 MYR 70
DDM Multi-Stage 0.2600 MYR 0.4600 MYR 0.5600 MYR 61
Multiples
P/E Multiple 1.59 MYR 2.12 MYR 2.65 MYR 63
P/S Multiple 1.32 MYR 1.77 MYR 2.21 MYR 58
P/B Multiple 1.35 MYR 1.80 MYR 2.25 MYR 55
EV/EBIT 2.45 MYR 3.12 MYR 3.79 MYR 53
EV/EBITDA 2.19 MYR 2.78 MYR 3.37 MYR 54
EV/Revenue 1.67 MYR 2.20 MYR 2.73 MYR 43
Asset-Based
NCAV (Graham) 0.6000 MYR 0.8100 MYR 1.21 MYR 50
Growth DCF
Growth DCF 2.14 MYR 3.51 MYR 6.18 MYR 80
Rev-Margin DCF 1.89 MYR 3.37 MYR 5.68 MYR 74
Economic Profit
Residual Income 1.01 MYR 1.09 MYR 1.34 MYR 76
ROIC Compounder 1.70 MYR 2.28 MYR 2.69 MYR 72
Growth Earnings
Growth-Adj P/E 2.18 MYR 3.12 MYR 4.06 MYR 68

Widest divergence: DCF Models (3.60 MYR) versus Dividend Discount (0.4600 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 673M MYR
Revenue growth (YoY) +40.3%
Net margin 15.9%
Return on equity 10.1%
Free cash flow 101M MYR FY2025
P/E ratio 39.8
More key figures
Operating margin 22.0%
EPS (TTM) 0.1200 MYR
Dividend yield 0.6%
EPS growth (YoY) +75.4%
Net cash 272M MYR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 84

Profitability 41
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 85
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

Mi Technovation Berhad, an investment holding company, engages in the design, development, manufacturing, and sales of semiconductor manufacturing equipment in Southeast Asia, Northeast Asia, and North America.

Full company description

Mi Technovation Berhad, an investment holding company, engages in the design, development, manufacturing, and sales of semiconductor manufacturing equipment in Southeast Asia, Northeast Asia, and North America. It operates through Semiconductor Equipment Business Unit, Semiconductor Material Business Unit, and Semiconductor Solutions Business Unit, and Others segments. The company offers die sorting and smart binning equipment, laser bonding and precision bonding equipment, test handling equipment, and vision inspection equipment; solder spheres; semiconductor wafer, semiconductor devices, and modules; and electric powertrain integration system and related components. It is also involved in research and development, manufacturing, sales and marketing of specific process and application in assembly and packaging solutions to customers; and wafer level chip scale packaging sorting machines, as well as provides maintenance services and technical support. The company was formerly known as Mi Equipment Holdings Berhad and changed its name to Mi Technovation Berhad in December 2018. Mi Technovation Berhad was founded in 2007 and is headquartered in Bayan Lepas, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mi Technovation Berhad, an investment holding company, reported revenue of 625M MYR in FY2025 versus 375M MYR in FY2021, a compound +13.6%/yr. Reported net income was 93.8M MYR in FY2025, compounding +11.0%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
625M MYR
Latest YoY
+34.9%
Avg. growth/yr (3Y)
+17.1%
Avg. growth/yr (5Y)
+22.2%
Avg. growth/yr (10Y)
+19.5%
Revenue +13.6%/yr
FY21 375M MYR
FY22 389M MYR
FY23 356M MYR
FY24 463M MYR
FY25 625M MYR
Net income +11.0%/yr
FY21 61.8M MYR
FY22 68.9M MYR
FY23 55.1M MYR
FY24 68.1M MYR
FY25 93.8M MYR

5286 screens 62% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Mi Technovation Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5286

Peer Group

Semiconductor Equipment & Materials · 211 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 73 · Top 25%
Fair Value upside −62% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 7% · Above median
Net margin (TTM) 16% · Above median
Operating margin (TTM) 22% · Top 25%
Revenue growth 40% · Top 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 38.9× · Cheaper than median
P/B 0.95× · Cheaper than median
P/S (TTM) 1.50× · Cheaper than median
P/FCF 10.0× · Pricier than median
EV/EBITDA 3.9× · Cheaper than 75% of peers
PEG 0.96× · Cheaper than median

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 · sector 0
FUTURE 100 · sector 58
PAST 40 · sector 30
HEALTH 100 · sector 96
DIVIDEND 13 · sector 16

VALUE 0: the price sits above our fair-value range.

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Mi Technovation Berhad, an investment holding company, (5286) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 2.12 MYR versus a price of 5.58 MYR, about −62% (overvalued).
What is the fair value of 5286?
Our model-based fair value for Mi Technovation Berhad, an investment holding company, is 2.12 MYR (as of Jul 14, 2026), built from audited fundamentals. The current price is 5.58 MYR.
What is the quality score of 5286?
Mi Technovation Berhad, an investment holding company, has a Quality Score of 73/100. 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 Mi Technovation Berhad, an investment holding company, (5286)?
Mi Technovation Berhad, an investment holding company, reported trailing-twelve-month revenue of about 673M MYR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 5286?
The net profit margin of Mi Technovation Berhad, an investment holding company, is about 15.9%, meaning it keeps roughly 15.9% of revenue as net income. Based on the latest reported figures.
Does Mi Technovation Berhad, an investment holding company, pay a dividend?
Mi Technovation Berhad, an investment holding company, currently shows a dividend yield of about 0.62% relative to its recent price (as of Jul 14, 2026).

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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