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Ahmad Zaki Resources Berhad, an investment holding company, (7078) Fair Value & Analysis

Industrials · MY · Market cap 68.9M MYR

AZ Ahmad Zaki Resources Berhad, an investment holding company, 7078 · KLSE
Price0.1200 MYR
Fair Value0.0858 MYR
Upside-28.5%
Quality46/100
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Mixed Growth
Loss-making · -9.9% net margin
High debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 25/100
Evidence: Medium Range 0.0242 MYR – 0.0858 MYR Share as image

Fair value as of: Jul 19, 2026

From 5 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 0.0860 MYR to 0.0858 MYR (−0.2%) since Jun 26, 2026. Share price +14.3% over the past month.

Below-average quality, and screening another 29% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0858 MYR). The favourable scenario is already priced in.
  • The model range is unusually wide (0.0242 MYR to 0.0858 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.3500 MYR 0.1000 MYR Fair Value 0.0858 MYR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.1000 MYR – 0.3500 MYR · fair‑value band 0.0242 MYR – 0.0858 MYR · the 0.1200 MYR price screens above the 0.0858 MYR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Ahmad Zaki Resources Berhad, an investment holding company, (7078) currently trades at 0.1200 MYR, while our model-based Fair Value estimate is 0.0858 MYR, implying the stock looks roughly 28.5% overvalued today. The Quality Score stands at 46/100 (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: medium).

Over the trailing twelve months, Ahmad Zaki Resources Berhad, an investment holding company, generated revenue of 1.0B MYR at a net margin of -9.9%. Revenue grew 32.5% year over year. Net debt stands at 2.5B MYR. The stock trades on a trailing P/E of 10.0. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.0242 MYR (bear case) to 0.0858 MYR (bull case); at 0.1200 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 53% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -29%, 7078 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 0.4000 MYR 2.11 MYR 4.27 MYR 80
NCAV (Graham) 0.1000 MYR 0.1300 MYR 0.1900 MYR 50
FCF DCF 0.4400 MYR 2.34 MYR 4.90 MYR 38
All 5 models by family
DCF Models
FCF DCF 0.4400 MYR 2.34 MYR 4.90 MYR 38
10Y Revenue Exit 0.2800 MYR 36
10Y EBITDA Exit 0.4000 MYR 37
Asset-Based
NCAV (Graham) 0.1000 MYR 0.1300 MYR 0.1900 MYR 50
Growth DCF
Growth DCF 0.4000 MYR 2.11 MYR 4.27 MYR 80

Widest divergence: DCF Models (2.34 MYR) versus Asset-Based (0.1300 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B MYR
Revenue growth (YoY) +32.5%
Net margin -9.9%
Return on equity -4,493%
Free cash flow 287M MYR FY2024
P/E ratio 10.5
More key figures
Operating margin -5.4%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) -49.5%
Net debt 2.5B MYR FY2024

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 30

Profitability 5
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 5
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 65
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

Ahmad Zaki Resources Berhad, an investment holding company, engages in the engineering and construction business in Malaysia, Indonesia, India, and the Kingdom of Saudi Arabia. It operates through five segments: Engineering and Construction, Concession, Oil and Gas, Plantation, and Property.

Full company description

Ahmad Zaki Resources Berhad, an investment holding company, engages in the engineering and construction business in Malaysia, Indonesia, India, and the Kingdom of Saudi Arabia. It operates through five segments: Engineering and Construction, Concession, Oil and Gas, Plantation, and Property. The Engineering and Construction segment is involved in the civil and structural works. The Concession segment engages in concession and assets management. The Oil and Gas segment deals in marine fuels, lubricants, petroleum-based products, and logistics management and vessel related services. The Plantation segment produces crude palm oil and kernel. The Property segment is involved in the property development, hotel operation, and facilities management. The company also offers provision of management services and vessel related services; real property and housing development; maintenance services of a teaching hospital; construction, establishment, operation, maintenance, and management of a highway; rental of plant, machineries, and equipment; and issuance of sukuk. In addition, it engages in repair and maintenance of other equipment; toll management; fabricating and marketing of industrial building products and systems; leasing of land and buildings; and sale of potable water. Ahmad Zaki Resources Berhad was founded in 1982 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ahmad Zaki Resources Berhad, an investment holding company, reported revenue of 1.1B MYR in FY2025 versus 723M MYR in FY2021, a compound +10.0%/yr. Reported net income was −73.0M MYR in FY2025.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.1B MYR
Latest YoY
+113.1%
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.
+40.7%
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.
+4.6%
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.
+3.5%
Revenue +10.0%/yr
FY21 723M MYR
FY22 380M MYR
FY23 495M MYR
FY24 497M MYR
FY25 1.1B MYR
Net income
FY21 −76.8M MYR
FY22 −89.2M MYR
FY23 95.1M MYR
FY24 3.3M MYR
FY25 −73.0M MYR

7078 screens 29% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Ahmad Zaki Resources Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/7078

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 46 · Below median
Fair Value upside −25% · Below median
Return on assets 0% · Below median
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth 16% · Above median
Debt / equity 20.19× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than 75% of peers
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · 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 16
FUTURE 81 · sector 17
PAST 0 · sector 26
HEALTH 0 · sector 94
DIVIDEND 0 · sector 33

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

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 19, 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 Ahmad Zaki Resources Berhad, an investment holding company, (7078) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.0858 MYR versus a price of 0.1200 MYR, about −29% (overvalued).
What is the fair value of 7078?
Our model-based fair value for Ahmad Zaki Resources Berhad, an investment holding company, is 0.0858 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.1200 MYR.
What is the quality score of 7078?
Ahmad Zaki Resources Berhad, an investment holding company, 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 Ahmad Zaki Resources Berhad, an investment holding company, (7078)?
Ahmad Zaki Resources Berhad, an investment holding company, reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 7078?
The net profit margin of Ahmad Zaki Resources Berhad, an investment holding company, is about -9.9%, meaning it is currently running at a net loss. 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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