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Nuenergy Holdings (5614) Fair Value & Analysis

Utilities · MY · Market cap 123M MYR

NH Nuenergy Holdings 5614 · KLSE
Price0.6750 MYR
Fair Value0.6100 MYR
Upside-9.6%
Quality46/100
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Mixed Growth
Solidly profitable · 11.3% net margin
Low debt · negative free cash flow
Ranks above peers (11/12)
Narrow moat 44/100
Evidence: High Range 0.4600 MYR – 0.8800 MYR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 26 days ago

Fair value updated Jul 16, 2026, revised from 0.7500 MYR to 0.6100 MYR (−18.7%) since Jul 11, 2026. Share price +3.8% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.4600 MYR to 0.8800 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.7700 MYR 0.2673 MYR Fair Value 0.6100 MYR Jul 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 0.2673 MYR – 0.7700 MYR · fair‑value band 0.4600 MYR – 0.8800 MYR · the 0.6750 MYR price screens above the 0.6100 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

Nuenergy Holdings (5614) currently trades at 0.6750 MYR, while our model-based Fair Value estimate is 0.6100 MYR, implying the stock looks roughly 9.6% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Utilities 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, Nuenergy Holdings generated revenue of 149M MYR at a net margin of 11.3%. It earns a return on equity of 7.6%. Net debt stands at 96.1M MYR. The stock trades on a trailing P/E of 6.0. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.4600 MYR (bear case) to 0.8800 MYR (bull case); at 0.6750 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 13% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -10%, 5614 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 0.8300 MYR 0.8300 MYR 0.7300 MYR 76
ROIC Compounder 0.3200 MYR 0.3700 MYR 0.4200 MYR 72
Gordon GGM 0.1700 MYR 0.2900 MYR 0.3800 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.8600 MYR 1.81 MYR 3.47 MYR 31
Earnings-Based
Graham-Dodd 0.4700 MYR 3.26 MYR 4.58 MYR 54
Lynch FV 1.10 MYR 1.57 MYR 2.04 MYR 50
PEG = 1.0 1.10 MYR 1.57 MYR 2.04 MYR 46
EPV 0.3200 MYR 0.3700 MYR 0.4200 MYR 59
Dividend Discount
Gordon GGM 0.1700 MYR 0.2900 MYR 0.3800 MYR 70
DDM Multi-Stage 0.1700 MYR 0.2800 MYR 0.3100 MYR 61
Multiples
P/E Multiple 0.9300 MYR 1.24 MYR 1.55 MYR 63
P/S Multiple 0.4600 MYR 0.6100 MYR 0.7700 MYR 58
P/B Multiple 0.8800 MYR 1.17 MYR 1.46 MYR 55
EV/EBIT 0.6500 MYR 0.9100 MYR 1.17 MYR 53
EV/EBITDA 0.7100 MYR 0.9900 MYR 1.27 MYR 54
EV/Revenue 0.3100 MYR 0.4900 MYR 0.6700 MYR 43
Asset-Based
NCAV (Graham) 0.5900 MYR 0.7900 MYR 1.18 MYR 50
Economic Profit
Residual Income 0.8300 MYR 0.8300 MYR 0.7300 MYR 76
ROIC Compounder 0.3200 MYR 0.3700 MYR 0.4200 MYR 72
Growth Earnings
Growth-Adj P/E 1.36 MYR 1.94 MYR 2.52 MYR 68

Widest divergence: Growth Earnings (1.94 MYR) versus Dividend Discount (0.2800 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 149M MYR
Revenue growth (YoY) +1,941%
Net margin 11.3%
Return on equity 7.6%
Free cash flow −84.8M MYR FY2025
P/E ratio 6.0
More key figures
Operating margin 10.7%
EPS (TTM) 0.0900 MYR
EPS growth (YoY) +137%
Net debt 96.1M MYR FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 42 · Market factors (momentum, volatility) 66

Profitability 34
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 82
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

Nuenergy Holdings Berhad, an investment holding company, operates solar power plants in Malaysia. It is involved in operating solar power plant, solar power generation and supply, engineering, procurement, construction, and commissioning for solar energy; and other works, such as contracts, operation of transmission, distribution and sales of electricity, …

Full company description

Nuenergy Holdings Berhad, an investment holding company, operates solar power plants in Malaysia. It is involved in operating solar power plant, solar power generation and supply, engineering, procurement, construction, and commissioning for solar energy; and other works, such as contracts, operation of transmission, distribution and sales of electricity, operation of generation facilities. The company also offers procurement of solar photovoltaic modules, and renewable energy-related equipment. The company was formerly known as ILB Group Berhad and changed its name to Nuenergy Holdings Berhad in September 2024. Nuenergy Holdings Berhad was incorporated in 1991 and is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nuenergy Holdings reported revenue of 46.3M MYR in FY2025 versus 14.8M MYR in FY2021, a compound +33.1%/yr. Reported net income was 13.0M MYR in FY2025, compounding +11.8%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
46.3M MYR
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.
+41.7%
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.
+40.9%
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.
+1.7%
Revenue +33.1%/yr
FY21 14.8M MYR
FY22 16.3M MYR
FY23 46.2M MYR
FY24 12.2M MYR
FY25 46.3M MYR
Net income +11.8%/yr
FY21 8.3M MYR
FY22 169K MYR
FY23 198K MYR
FY24 −6.8M MYR
FY25 13.0M MYR

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Cite: Fair Value Calculator (2026). "Nuenergy Holdings Fair Value". https://www.fairvalue-calculator.com/stock/5614

Peer Group

Utilities - Renewable · 220 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 46 · Above median
Fair Value upside −10% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 11% · Above median
Operating margin (TTM) 11% · Below median
Revenue growth 1941% · Top 25%
Debt / equity 0.29× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 7.2× · Cheaper than 75% of peers
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.20× · Cheaper than 75% of peers
EV/EBITDA 1.7× · 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 21 · sector 12
FUTURE 100 · sector 0
PAST 30 · sector 12
HEALTH 86 · sector 68
DIVIDEND 0 · sector 44

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Nuenergy Holdings (5614) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.6100 MYR versus a price of 0.6750 MYR, about −10% (fairly valued).
What is the fair value of 5614?
Our model-based fair value for Nuenergy Holdings is 0.6100 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.6750 MYR.
What is the quality score of 5614?
Nuenergy Holdings has a Quality Score of 46/100. 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 Nuenergy Holdings (5614)?
Nuenergy Holdings reported trailing-twelve-month revenue of about 149M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5614?
The net profit margin of Nuenergy Holdings is about 11.3%, meaning it keeps roughly 11.3% 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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