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Mercury Industries Berhad, an investment holding company, (8192) Fair Value & Analysis

Industrials · MY · Market cap 46.7M MYR

MI Mercury Industries Berhad, an investment holding company, 8192 · KLSE
Price0.6450 MYR
Fair Value1.33 MYR
Upside+106.2%
Quality50/100
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Weak Growth
Solidly profitable · 16.5% net margin
Low debt · negative free cash flow
Ranks above peers (10/10)
Moderate moat 63/100
Evidence: High Range 0.6100 MYR – 1.74 MYR Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Share price −2.3% over the past month.

A solid business, screening 106% undervalued on our models.

What matters now

  • The model range is unusually wide (0.6100 MYR to 1.74 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

2.47 MYR 0.4800 MYR Fair Value 1.33 MYR Nov 2017 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 0.4800 MYR – 2.47 MYR · fair‑value band 0.6100 MYR – 1.74 MYR · the 0.6450 MYR price screens below the 1.33 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Mercury Industries Berhad, an investment holding company, (8192) currently trades at 0.6450 MYR, while our model-based Fair Value estimate is 1.33 MYR, implying the stock looks roughly 106.2% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Mercury Industries Berhad, an investment holding company, generated revenue of 54.3M MYR at a net margin of 16.5%. Revenue grew 151.2% year over year. Net debt stands at 2.3M MYR. The stock trades on a trailing P/E of 5.2. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.6100 MYR (bear case) to 1.74 MYR (bull case); at 0.6450 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 24% below its 52-week high and 11% 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 106%, 8192 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 0.5400 MYR 0.5800 MYR 0.6300 MYR 76
ROIC Compounder 1.47 MYR 1.82 MYR 2.21 MYR 72
Gordon GGM 0.1600 MYR 0.2700 MYR 0.3400 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.6600 MYR 1.07 MYR 1.67 MYR 31
Earnings-Based
Graham-Dodd 0.4600 MYR 2.25 MYR 3.11 MYR 54
Lynch FV 0.6100 MYR 0.8700 MYR 1.13 MYR 50
PEG = 1.0 0.6100 MYR 0.8700 MYR 1.13 MYR 46
EPV 1.34 MYR 1.49 MYR 1.62 MYR 59
Dividend Discount
Gordon GGM 0.1600 MYR 0.2700 MYR 0.3400 MYR 70
DDM Multi-Stage 0.1600 MYR 0.2500 MYR 0.2900 MYR 61
Multiples
P/E Multiple 1.06 MYR 1.41 MYR 1.77 MYR 63
P/S Multiple 0.4100 MYR 0.5400 MYR 0.6800 MYR 58
P/B Multiple 0.8600 MYR 1.14 MYR 1.43 MYR 55
EV/EBIT 2.63 MYR 3.50 MYR 4.37 MYR 53
EV/EBITDA 2.02 MYR 2.69 MYR 3.36 MYR 54
EV/Revenue 0.3600 MYR 0.5100 MYR 0.6600 MYR 43
Asset-Based
NCAV (Graham) 0.3500 MYR 0.4600 MYR 0.6900 MYR 50
Economic Profit
Residual Income 0.5400 MYR 0.5800 MYR 0.6300 MYR 76
ROIC Compounder 1.47 MYR 1.82 MYR 2.21 MYR 72
Growth Earnings
Growth-Adj P/E 0.9300 MYR 1.33 MYR 1.74 MYR 68

Widest divergence: Growth Earnings (1.33 MYR) versus Dividend Discount (0.2500 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 54.3M MYR
Revenue growth (YoY) +151%
Net margin 16.5%
Return on equity 1,742%
Free cash flow −2.4M MYR FY2024
P/E ratio 5.2
More key figures
Operating margin 13.5%
EPS (TTM) 0.1300 MYR
EPS growth (YoY) +422%
Net debt 2.3M MYR FY2024

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 44 · Market factors (momentum, volatility) 36

Profitability 41
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 11
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

Mercury Industries Berhad, an investment holding company, engages in the civil and building construction works in Malaysia and internationally. The company operates through Construction, Trading, and Property Development segments.

Full company description

Mercury Industries Berhad, an investment holding company, engages in the civil and building construction works in Malaysia and internationally. The company operates through Construction, Trading, and Property Development segments. The Construction segment offers construction works, such as construction of commercial shop-lots and shop offices, shopping complexes, residential apartments, condominiums, and hotels. The Trading segment engages in sourcing and trading building materials and other related products used in the construction and property development industry. The Property Development segment develops commercial and residential properties. The company was founded in 1975 and is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Mercury Industries Berhad, an investment holding company, reported revenue of 19.3M MYR in FY2024 versus 10.5M MYR in FY2020, a compound +16.5%/yr. Reported net income was 4.8M MYR in FY2024.

Growth Quality 22/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
19.3M MYR
Latest YoY
+372.6%
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.
+44.8%
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.
−25.8%
Avg. growth/yr (12Y) 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.
−7.5%
Revenue +16.5%/yr
FY20 10.5M MYR
FY21 6.3M MYR
FY22 6.5M MYR
FY23 4.1M MYR
FY24 19.3M MYR
Net income
FY20 −4.1M MYR
FY21 −23.5M MYR
FY22 −7.1M MYR
FY23 −11.1M MYR
FY24 4.8M MYR

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Cite: Fair Value Calculator (2026). "Mercury Industries Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/8192

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 50 · Above median
Fair Value upside +106% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 151% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 5.1× · Cheaper than 75% of peers
P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.21× · 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 100 · sector 16
FUTURE 100 · sector 17
PAST 0 · sector 26
HEALTH 98 · sector 94
DIVIDEND 0 · sector 33

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 12, 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 Mercury Industries Berhad, an investment holding company, (8192) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 1.33 MYR versus a price of 0.6450 MYR, about +106% (undervalued).
What is the fair value of 8192?
Our model-based fair value for Mercury Industries Berhad, an investment holding company, is 1.33 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.6450 MYR.
What is the quality score of 8192?
Mercury Industries Berhad, an investment holding company, has a Quality Score of 50/100. 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 Mercury Industries Berhad, an investment holding company, (8192)?
Mercury Industries Berhad, an investment holding company, reported trailing-twelve-month revenue of about 54.3M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 8192?
The net profit margin of Mercury Industries Berhad, an investment holding company, is about 16.5%, meaning it keeps roughly 16.5% 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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