Ewein Bhd (7249) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ewein Bhd MYR 0.18, price MYR 0.90, upside -79.9%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Skygate Solutions Berhad, an investment holding company, engages in the manufacturing, property development and construction, and property management businesses. The company manufactures precision sheet metal fabricated parts, and designs and fabricates moulds, tools, and dies; and electronic components and medical equipment components.
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Skygate Solutions Berhad, an investment holding company, engages in the manufacturing, property development and construction, and property management businesses. The company manufactures precision sheet metal fabricated parts, and designs and fabricates moulds, tools, and dies; and electronic components and medical equipment components. It also develops residential properties; trades in construction, furnishing materials, and completed properties; and engages in the letting and management of office buildings, factory buildings, heritage/cultural properties, and car parking facilities. In addition, it manufactures precision sheet metal fabricated parts for use in audio, video and acoustic equipment, satellite antennas, electrical and electronics equipment, KVM switches, computer monitors, and keyboards; racking systems; and plastics related products. Further, the company provides subcontractor services; manufacturing solutions; and precision engineering support and marketing services. It operates in Malaysia, the People's Republic of China, the United States, Canada, Japan, Europe, Singapore, and internationally. The company was formerly known as Ewein Berhad and changed its name to Skygate Solutions Berhad in July 2024. Skygate Solutions Berhad was incorporated in 2006 and is headquartered in Gelugor, Malaysia.
Stock analysis
Ewein Bhd (7249) currently trades at 0.8950 MYR, while our model-based Fair Value estimate is 0.1800 MYR, implying the stock looks roughly 397.3% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.5200 MYR per share, and 0 of the 14 models we run sit above the 0.8950 MYR price.
Bear case: the Growth DCF group reads lowest at 0.1100 MYR, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1200 MYR (bear) to 0.3200 MYR (bull), the price of 0.8950 MYR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ewein Bhd reported revenue of 89.7M MYR in FY2025 versus 97.8M MYR in FY2021, a compound −2.1%/yr. Reported net income was 3.4M MYR in FY2025, compounding −15.5%/yr from FY2021.
Key figures
Market cap 289M MYR (≈ $70.9M) · P/E ratio 89.5 · P/S ratio 3.37 · EPS (TTM) 0.0100 MYR · Net margin 3.8% · Return on equity −1.0% · Return on assets (EBIT) 1.7% · Operating margin −5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −80%, 7249 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0400 MYR to 0.5200 MYR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 0.1200 MYRFair Value 0.1800 MYRBull 0.3200 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0073 MYR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+35.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+24.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−14.3%
Start year 2020 (pandemic). Over 10 years: +0.2% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−20% vs −13%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 12%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.8%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +17.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate - Development · 577 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−80% · Bottom 25%
Profitability
Return on assets1% · Above median
Net margin (TTM)2% · Below median
Operating margin (TTM)−5% · Below median
Growth and dividend
Revenue growth87% · Top 25%
Balance sheet
Debt / equity0.55× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (TTM)89.5× · Priciest 25%
P/B0.25× · Cheaper than median
P/S (TTM)0.70× · Cheaper than median
P/FCF4.0× · Priciest 25%
EV/EBITDA13.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 12
HEALTH (low debt)72· sector 83
DIVIDEND (yield)0· sector 56
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ewein Bhd Fair Value". https://www.fairvalue-calculator.com/stock/7249
Frequently asked questions
Is Ewein Bhd (7249) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.1800 MYR versus a price of 0.8950 MYR, about −80% upside (overvalued).
What is the fair value of 7249?
Our model-based fair value for Ewein Bhd is 0.1800 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.8950 MYR.
What is the quality score of 7249?
Ewein Bhd has a Quality Score of 35/100. 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 price target for Ewein Bhd (7249)?
Our model-based price target is the fair value of 0.1800 MYR (as of Sep 23, 2026) from 14 valuation models. Cautious scenario 0.1200 MYR, optimistic scenario 0.3200 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Ewein Bhd stock forecast for 2026?
Our models put fair value at 0.1800 MYR, about −80% upside versus a price of 0.8950 MYR (overvalued). Cautious scenario 0.1200 MYR, optimistic scenario 0.3200 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Ewein Bhd (7249)?
Ewein Bhd reported trailing-twelve-month revenue of about 102M MYR (latest available figure, as of Sep 23, 2026).
What growth is priced into Ewein Bhd (7249)?
For today's price to be fair in a discounted-cash-flow model, Ewein Bhd would have to grow free cash flow by +19.9 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -14.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 7249 use?
Our models discount Ewein Bhd at 12.8 %: a base by market capitalisation (micro), damped by beta 0.63, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ewein Bhd that is +19.9 % per year a year over ten years, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Ewein Bhd (7249) delivered so far?
Over the past 5 years revenue at Ewein Bhd grew -14.3 % a year. The price currently implies +19.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ewein Bhd (7249) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Ewein Bhd (+19.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ewein Bhd (7249)?
The free-cash-flow yield on the price is 6.11 %: that much free cash flow Ewein Bhd produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ewein Bhd (7249)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ewein Bhd it is 0.1800 MYR per share (as of Sep 23, 2026), against a price of 0.8950 MYR. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Ewein Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 7249 trades above its calculated fair value: price 0.8950 MYR, fair value 0.1800 MYR, a gap of about −80% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 7249?
No. The price is what the market pays today (0.8950 MYR); the fair value is what the company's own numbers justify (0.1800 MYR). For Ewein Bhd the two are 0.7150 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Ewein Bhd worth?
The market values Ewein Bhd at about 289M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.8950 MYR; our models calculate a fair value of 0.1800 MYR per share.
What do the bullish and bearish scenarios say about 7249?
Our models span a range for Ewein Bhd: cautious scenario 0.1200 MYR, base 0.1800 MYR, optimistic 0.3200 MYR per share (as of Sep 23, 2026, price 0.8950 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7249?
Ewein Bhd trades at a price-to-earnings ratio of 89.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.1800 MYR is built from several models across several years. Other multiples: P/B 0.3, P/S 0.7, EV/EBITDA 13.7.
How solid is the balance sheet of Ewein Bhd (7249)?
Balance-sheet figures for Ewein Bhd (as of Sep 23, 2026): return on equity −1.0%, debt of 0.55 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 7249 from its 52-week high?
Ewein Bhd trades at 0.8950 MYR, about 8% below its 52-week high of 0.9750 MYR and 61% above the low of 0.5550 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1800 MYR is for.
Which stocks are comparable to Ewein Bhd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ewein Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.8950 MYR, calculated fair value 0.1800 MYR (−80%), Quality Score 35/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 7249 calculated?
We run Ewein Bhd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.1800 MYR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Ewein Bhd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ewein Bhd (7249)?
The closing price on Sep 24, 2026 was 0.8950 MYR. Our model-based fair value is 0.1800 MYR, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ewein Bhd right now?
The price sits above even our optimistic bull case (0.3200 MYR). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (0.1200 MYR to 0.3200 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Ewein Bhd (7249) come from?
Earnings per share at Ewein Bhd grew −12.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.4 %, EBIT margin −6.3 %, tax rate −4.7 %, residual (interest, one-offs) +1.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ewein Bhd
How large is the market capitalisation of Ewein Bhd (7249)?
The market capitalisation of Ewein Bhd is 289M MYR (≈ $70.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ewein Bhd (7249)?
The price-to-sales ratio of Ewein Bhd is 3.37 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ewein Bhd (7249)?
Earnings per share at Ewein Bhd are 0.0100 MYR (price ÷ EPS = P/E 89.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ewein Bhd (7249)?
The net margin of Ewein Bhd is 3.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ewein Bhd (7249)?
The return on equity (ROE) of Ewein Bhd is −1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ewein Bhd (7249)?
On an EBIT basis the return on assets of Ewein Bhd is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ewein Bhd (7249)?
The operating margin of Ewein Bhd is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ewein Bhd (7249)?
Revenue at Ewein Bhd is growing +86.9% versus a year earlier (3y avg +24.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ewein Bhd (7249)?
Earnings per share at Ewein Bhd are growing −21.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ewein Bhd (7249) carry?
The net debt of Ewein Bhd is 134M MYR (fiscal year 2025, ≈ 7.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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