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Kobay Technology Bhd., an investment holding company, (6971) Fair Value & Analysis

Industrials · MY · Market cap 746M MYR

KT Kobay Technology Bhd., an investment holding company, 6971 · KLSE
Price2.68 MYR
Fair Value0.9400 MYR
Upside-64.9%
Quality44/100
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Expensive Growth
Thin margins · 2.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 37/100
Evidence: Low Range 0.5400 MYR – 1.32 MYR Share as image

Fair value as of: Jul 15, 2026

From 6 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 0.4700 MYR to 0.9400 MYR (+100.0%) since Jul 12, 2026. Share price +15.0% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.32 MYR). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (0.5400 MYR to 1.32 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

6.32 MYR 1.01 MYR Fair Value 0.9400 MYR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 1.01 MYR – 6.32 MYR · fair‑value band 0.5400 MYR – 1.32 MYR · the 2.68 MYR price screens above the 0.9400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Kobay Technology Bhd., an investment holding company, (6971) currently trades at 2.68 MYR, while our model-based Fair Value estimate is 0.9400 MYR, implying the stock looks roughly 64.9% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Industrials 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: low).

Over the trailing twelve months, Kobay Technology Bhd., an investment holding company, generated revenue of 485M MYR at a net margin of 2.3%. Revenue grew 78.1% year over year. It earns a return on equity of 2.9%. Net debt stands at 104M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.5400 MYR (bear case) to 1.32 MYR (bull case); at 2.68 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 about 4% below its 52-week high and 139% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -65%, 6971 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
ROIC Compounder 0.2500 MYR 0.2800 MYR 0.3000 MYR 72
EPV 0.2500 MYR 0.2800 MYR 0.3000 MYR 59
EV/EBITDA 1.20 MYR 1.57 MYR 1.95 MYR 54
All 6 models by family
Earnings-Based
EPV 0.2500 MYR 0.2800 MYR 0.3000 MYR 59
Multiples
EV/EBIT 0.6600 MYR 0.8600 MYR 1.06 MYR 53
EV/EBITDA 1.20 MYR 1.57 MYR 1.95 MYR 54
EV/Revenue 0.4900 MYR 0.6700 MYR 0.8600 MYR 43
Asset-Based
NCAV (Graham) 0.5700 MYR 0.7600 MYR 1.14 MYR 50
Economic Profit
ROIC Compounder 0.2500 MYR 0.2800 MYR 0.3000 MYR 72

Widest divergence: Multiples (0.8600 MYR) versus Earnings-Based (0.2800 MYR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 485M MYR
Revenue growth (YoY) +78.1%
Net margin 2.3%
Return on equity 2.9%
Free cash flow −27.4M MYR FY2025
P/E ratio 77.7
More key figures
Operating margin 11.8%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) +1,898%
Net debt 104M MYR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 77

Profitability 15
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 77
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

Kobay Technology Bhd., an investment holding company, engages in the manufacturing, property development, pharmaceutical and healthcare, asset management, and other businesses in Malaysia, Singapore, the United States, and internationally.

Full company description

Kobay Technology Bhd., an investment holding company, engages in the manufacturing, property development, pharmaceutical and healthcare, asset management, and other businesses in Malaysia, Singapore, the United States, and internationally. The company offers precision plating and machined components, precision metal stampings, sheet metal parts, surface treatment, precision moulds and parts, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment, and components and sub-assemblies for aerospace parts. It also offers property development and management services; electronic manufacturing services; and marketing and project management services for property developers, as well as engages in the wholesale and retail sale of pharmaceutical, medicine, and healthcare products. In addition, the company is involved in the provision of money lending and management and property letting services; and product development and manufacturing services for PCB assembly, cable assembly, electromechanical assembly, and test, as well as operates dormitories and hotels. Further, it offers aluminum extrusion and formation products, accommodation rental services, industrial equipment, machinery parts and tooling, encapsulation moulds, trim and form dies, and progressive tooling for lead frames. The company serves semiconductor, electronic and electrical, aerospace, oil and gas, medical technology, and life science industries. Kobay Technology Bhd. was founded in 1984 and is headquartered in George Town, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kobay Technology Bhd., an investment holding company, reported revenue of 347M MYR in FY2025 versus 157M MYR in FY2021, a compound +22.0%/yr. Reported net income was −16.2M MYR in FY2025.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
347M MYR
Latest YoY
+6.1%
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.
−0.6%
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.
+12.0%
Avg. growth/yr (19Y) 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.
+7.0%
Revenue +22.0%/yr
FY21 157M MYR
FY22 354M MYR
FY23 314M MYR
FY24 327M MYR
FY25 347M MYR
Net income
FY21 26.8M MYR
FY22 51.4M MYR
FY23 26.5M MYR
FY24 15.0M MYR
FY25 −16.2M MYR
Character of growth · EPS growth decomposed (2014-2025) +9.8 % p.a.
Revenue per share +13.3 pp

of which total revenue +14.0 pp · buybacks/dilution −0.7 pp

EBIT margin −2.4 pp
Tax rate −2.3 pp
Residual (interest, one-offs) +1.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6971 screens 65% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Kobay Technology Bhd., an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/6971

Peer Group

Metal Fabrication · 244 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 44 · Below median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 5% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 12% · Top 25%
Revenue growth 78% · Top 25%
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 77.7× · Pricier than 75% of peers
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.38× · Cheaper than median
EV/EBITDA 2.4× · 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 0 · sector 0
FUTURE 100 · sector 36
PAST 12 · sector 21
HEALTH 96 · sector 95
DIVIDEND 0 · sector 25

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

Insider activity: 40/100

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.

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Frequently asked questions

Is Kobay Technology Bhd., an investment holding company, (6971) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 0.9400 MYR versus a price of 2.68 MYR, about −65% (overvalued).
What is the fair value of 6971?
Our model-based fair value for Kobay Technology Bhd., an investment holding company, is 0.9400 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 2.68 MYR.
What is the quality score of 6971?
Kobay Technology Bhd., an investment holding company, has a Quality Score of 44/100. 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 Kobay Technology Bhd., an investment holding company, (6971)?
Kobay Technology Bhd., an investment holding company, reported trailing-twelve-month revenue of about 485M MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 6971?
The net profit margin of Kobay Technology Bhd., an investment holding company, is about 2.3%, meaning it keeps roughly 2.3% 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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