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ASTEEL Group (7020) Fair Value & Analysis

Basic Materials · MY · Market cap 33.2M MYR

AG ASTEEL Group 7020 · KLSE
Price0.0750 MYR
Fair Value0.1138 MYR
Upside+51.7%
Quality51/100
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Healthy Growth
Thin margins · 0.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 25/100
Evidence: Medium Range 0.0748 MYR – 0.1658 MYR Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 0.1140 MYR to 0.1138 MYR (−0.2%) since Jun 26, 2026. Share price +15.4% over the past month.

A solid business, screening 52% undervalued on our models.

What matters now

  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.0748 MYR to 0.1658 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.2900 MYR 0.0550 MYR Fair Value 0.1138 MYR Nov 2020 Aug 2026

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 0.0550 MYR – 0.2900 MYR · fair‑value band 0.0748 MYR – 0.1658 MYR · the 0.0750 MYR price screens below the 0.1138 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

ASTEEL Group (7020) currently trades at 0.0750 MYR, while our model-based Fair Value estimate is 0.1138 MYR, implying the stock looks roughly 51.7% undervalued today. The Quality Score stands at 51/100 (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: medium), always confirm before acting.

Over the trailing twelve months, ASTEEL Group generated revenue of 279M MYR at a net margin of 0.1%. Revenue grew 11.5% year over year. It earns a return on equity of 1.2%. Net debt stands at 88.4M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.0748 MYR (bear case) to 0.1658 MYR (bull case); at 0.0750 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 17% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 52%, 7020 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
Growth DCF 0.0300 MYR 0.0400 MYR 0.0500 MYR 80
Residual Income 0.0700 MYR 0.0600 MYR 0.0400 MYR 76
ROIC Compounder 0.1300 MYR 0.1500 MYR 0.1700 MYR 72
All 16 models by family
DCF Models
FCF DCF 0.0300 MYR 0.0400 MYR 0.0500 MYR 38
Owner Earnings 0.0900 MYR 0.1200 MYR 0.1700 MYR 31
5Y Revenue Exit 0.1100 MYR 0.1800 MYR 0.2800 MYR 39
5Y EBITDA Exit 0.1400 MYR 0.2400 MYR 0.3700 MYR 41
5Y P/E Exit 0.0100 MYR 0.0100 MYR 0.0100 MYR 38
10Y Revenue Exit 0.0600 MYR 0.1100 MYR 0.1600 MYR 36
10Y EBITDA Exit 0.0900 MYR 0.1400 MYR 0.2000 MYR 37
10Y P/E Exit 0.0200 MYR 0.0200 MYR 0.0200 MYR 35
Earnings-Based
EPV 0.1300 MYR 0.1500 MYR 0.1700 MYR 59
Multiples
EV/EBIT 0.2300 MYR 0.3000 MYR 0.3800 MYR 53
EV/EBITDA 0.2900 MYR 0.3900 MYR 0.4900 MYR 54
EV/Revenue 0.1900 MYR 0.2800 MYR 0.3700 MYR 43
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1200 MYR 50
Growth DCF
Growth DCF 0.0300 MYR 0.0400 MYR 0.0500 MYR 80
Economic Profit
Residual Income 0.0700 MYR 0.0600 MYR 0.0400 MYR 76
ROIC Compounder 0.1300 MYR 0.1500 MYR 0.1700 MYR 72

Widest divergence: Multiples (0.3000 MYR) versus Growth DCF (0.0400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 279M MYR
Revenue growth (YoY) +11.5%
Net margin 0.1%
Return on equity 1.2%
Free cash flow 2.5M MYR FY2025
Operating margin 3.9%
More key figures
Net debt 88.4M MYR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 52

Profitability 33
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 59
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

ASTEEL Group Berhad manufactures and sells galvanized and coated steel products in Malaysia and internationally. It operates through ARSB and STARSHINE segments. The company processes metal roofing, wall cladding and fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the ASTEEL & ASTAR brand.

Full company description

ASTEEL Group Berhad manufactures and sells galvanized and coated steel products in Malaysia and internationally. It operates through ARSB and STARSHINE segments. The company processes metal roofing, wall cladding and fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the ASTEEL & ASTAR brand. It also manufactures and sells coated steel products and downstream roofing products; trades in hardware, galvanized, coated and non-coated steel products, building and construction materials, steel coils, window frames, mild steel products, and paint, as well as involves in the installation of industrialized building system products and other structural works. In addition, the company manufactures and sells safety glass, metal roofing, coil related product, and industrialized building systems products; processes and distributes iron and steel; roofing supply and installation; construct roofing covering; sale of roll-formed product; supply and apply paint products; and provides slitting and shearing, and project management services. Additionally, it supplies and installs steel truss; undertakes construction and renovation works; and processes and supplies façade and metal fabrication products; trading of flooring products; and offers interior designing services. The company was formerly known as YKGI Holdings Berhad and changed its name to ASTEEL Group Berhad in June 2023. ASTEEL Group Berhad was incorporated in 1977 and is headquartered in Kuching, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASTEEL Group reported revenue of 272M MYR in FY2025 versus 244M MYR in FY2021, a compound +2.8%/yr. Reported net income was 19.8K MYR in FY2025, compounding −76.4%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
272M MYR
Latest YoY
+9.6%
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.
+8.1%
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.
−4.0%
Revenue +2.8%/yr
FY21 244M MYR
FY22 277M MYR
FY23 253M MYR
FY24 248M MYR
FY25 272M MYR
Net income −76.4%/yr
FY21 6.4M MYR
FY22 −5.9M MYR
FY23 −6.4M MYR
FY24 −2.2M MYR
FY25 19.8K MYR

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Cite: Fair Value Calculator (2026). "ASTEEL Group Fair Value". https://www.fairvalue-calculator.com/stock/7020

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.

Quality Score 51 · Above median
Fair Value upside +47% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 4% · Above median
Revenue growth 12% · Above median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 3.2× · Pricier than 75% of peers
EV/EBITDA 0.9× · 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 96 · sector 19
FUTURE 58 · sector 4
PAST 5 · sector 15
HEALTH 89 · sector 95
DIVIDEND 0 · sector 41

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 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

Is ASTEEL Group (7020) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.1138 MYR versus a price of 0.0750 MYR, about +52% (undervalued).
What is the fair value of 7020?
Our model-based fair value for ASTEEL Group is 0.1138 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.0750 MYR.
What is the quality score of 7020?
ASTEEL Group has a Quality Score of 51/100. 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 ASTEEL Group (7020)?
ASTEEL Group reported trailing-twelve-month revenue of about 279M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 7020?
The net profit margin of ASTEEL Group is about 0.1%, meaning it keeps roughly 0.1% 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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