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Pesona Metro Holdings (8311) Fair Value & Analysis

Industrials · MY · Market cap 289M MYR

PM Pesona Metro Holdings 8311 · KLSE
Price0.4500 MYR
Fair Value0.8400 MYR
Upside+86.7%
Quality50/100
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Weak Growth
Thin margins · 5.9% net margin
Moderate debt · negative free cash flow
3.41% dividend yield
Ranks above peers (12/13)
Moderate moat 59/100
Evidence: High Range 0.3900 MYR – 1.49 MYR Share as image

Fair value as of: Jul 18, 2026

From 17 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 0.8300 MYR to 0.8400 MYR (+1.2%) since Jun 25, 2026. Share price +16.9% over the past month.

A solid business, screening 87% undervalued on our models.

What matters now

  • The model range is unusually wide (0.3900 MYR to 1.49 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)

0.4500 MYR 0.1456 MYR Fair Value 0.8400 MYR Dec 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.1456 MYR – 0.4500 MYR · fair‑value band 0.3900 MYR – 1.49 MYR · the 0.4500 MYR price screens below the 0.8400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Pesona Metro Holdings (8311) currently trades at 0.4500 MYR, while our model-based Fair Value estimate is 0.8400 MYR, implying the stock looks roughly 86.7% 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, Pesona Metro Holdings generated revenue of 751M MYR at a net margin of 5.9%. Revenue grew 30.9% year over year. It earns a return on equity of 27.2%. Net debt stands at 169M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.3900 MYR (bear case) to 1.49 MYR (bull case); at 0.4500 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 near its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 87%, 8311 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 0.2900 MYR 0.4000 MYR 1.25 MYR 76
ROIC Compounder 0.7100 MYR 0.8700 MYR 1.04 MYR 72
Gordon GGM 0.0500 MYR 0.0900 MYR 0.1100 MYR 70
All 17 models by family
DCF Models
Owner Earnings 0.4600 MYR 0.7100 MYR 1.04 MYR 31
Earnings-Based
Graham-Dodd 0.3900 MYR 1.45 MYR 1.96 MYR 54
Lynch FV 0.3500 MYR 0.5000 MYR 0.6500 MYR 50
PEG = 1.0 0.3500 MYR 0.5000 MYR 0.6500 MYR 46
EPV 0.6600 MYR 0.7500 MYR 0.8200 MYR 59
Dividend Discount
Gordon GGM 0.0500 MYR 0.0900 MYR 0.1100 MYR 70
DDM Multi-Stage 0.0500 MYR 0.0800 MYR 0.0900 MYR 61
Multiples
P/E Multiple 0.9000 MYR 1.19 MYR 1.49 MYR 63
P/S Multiple 0.7200 MYR 0.9700 MYR 1.21 MYR 58
P/B Multiple 0.7200 MYR 0.9700 MYR 1.21 MYR 55
EV/EBIT 1.38 MYR 1.86 MYR 2.34 MYR 53
EV/EBITDA 1.24 MYR 1.67 MYR 2.11 MYR 54
EV/Revenue 0.9700 MYR 1.41 MYR 1.85 MYR 43
Asset-Based
NCAV (Graham) 0.1400 MYR 0.1900 MYR 0.2900 MYR 50
Economic Profit
Residual Income 0.2900 MYR 0.4000 MYR 1.25 MYR 76
ROIC Compounder 0.7100 MYR 0.8700 MYR 1.04 MYR 72
Growth Earnings
Growth-Adj P/E 0.6400 MYR 0.9200 MYR 1.20 MYR 68

Widest divergence: Multiples (1.19 MYR) versus Dividend Discount (0.0800 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 751M MYR
Revenue growth (YoY) +30.9%
Net margin 5.9%
Return on equity 27.2%
Free cash flow −9.3M MYR FY2025
P/E ratio 5.4
More key figures
Operating margin 13.2%
EPS (TTM) 0.0600 MYR
Dividend yield 4.4%
EPS growth (YoY) +69.0%
Net debt 169M MYR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 45 · Market factors (momentum, volatility) 75

Profitability 43
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 91
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

Pesona Metro Holdings Berhad, together with its subsidiaries, engages in the construction business in Malaysia. It operates through four segments: Construction Works; Concession; Investment Holding; and Property Development.

Full company description

Pesona Metro Holdings Berhad, together with its subsidiaries, engages in the construction business in Malaysia. It operates through four segments: Construction Works; Concession; Investment Holding; and Property Development. The company is involved in civil engineering and infrastructure works; residential and commercial building construction; and construction of public sector buildings and amenities, student hostels, and laboratories for universities. It also engages in the infrastructure and project planning; building maintenance services; real estate activities with own or leased property; trading and supply of ready-mixed concrete and construction materials; insurance brokers and agents activities; and development of facilities through private finance initiatives. The company was founded in 1996 and is headquartered in Seri Kembangan, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pesona Metro Holdings reported revenue of 706M MYR in FY2025 versus 623M MYR in FY2021, a compound +3.2%/yr. Reported net income was 39.2M MYR in FY2025.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
706M MYR
Latest YoY
+37.9%
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.
+24.2%
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.
+0.9%
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.
+9.3%
Revenue +3.2%/yr
FY21 623M MYR
FY22 368M MYR
FY23 515M MYR
FY24 512M MYR
FY25 706M MYR
Net income
FY21 −5.4M MYR
FY22 −6.4M MYR
FY23 9.5M MYR
FY24 20.1M MYR
FY25 39.2M MYR

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Cite: Fair Value Calculator (2026). "Pesona Metro Holdings Fair Value". https://www.fairvalue-calculator.com/stock/8311

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 +87% · Top 25%
Return on equity (TTM) 27% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 13% · Top 25%
Revenue growth 31% · Top 25%
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.79× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper 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 100 · sector 16
FUTURE 100 · sector 17
PAST 100 · sector 26
HEALTH 60 · sector 94
DIVIDEND 68 · 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 18, 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 Pesona Metro Holdings (8311) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.8400 MYR versus a price of 0.4500 MYR, about +87% (undervalued).
What is the fair value of 8311?
Our model-based fair value for Pesona Metro Holdings is 0.8400 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.4500 MYR.
What is the quality score of 8311?
Pesona Metro Holdings 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 Pesona Metro Holdings (8311)?
Pesona Metro Holdings reported trailing-twelve-month revenue of about 751M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 8311?
The net profit margin of Pesona Metro Holdings is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Pesona Metro Holdings pay a dividend?
Pesona Metro Holdings currently shows a dividend yield of about 4.38% relative to its recent price (as of Jul 18, 2026).

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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