Pansar Berhad (8419) Fair Value & Analysis

Industrials · MY · Market cap 334M MYR

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Our model range runs from 0.3485 MYR (bear) to 0.5780 MYR (bull), base 0.4675 MYR. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 51/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

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 0.4450 MYR – 0.9679 MYR · fair‑value band 0.3485 MYR – 0.5780 MYR · the 0.4550 MYR price screens below the 0.4675 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Pansar Berhad (8419) currently trades at 0.4550 MYR, while our model-based Fair Value estimate is 0.4675 MYR, implying the stock looks roughly 2.8% fairly valued today. The Quality Score stands at 51/100 (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, Pansar Berhad generated revenue of 1.3B MYR at a net margin of 1.8%. Revenue grew 0.4% year over year. It earns a return on equity of 6.4%. Net debt stands at 125M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.3485 MYR (bear case) to 0.5780 MYR (bull case); at 0.4550 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 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 3%, 8419 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.

Widest divergence: Growth DCF (1.44 MYR) versus Asset-Based (0.3400 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Pansar Berhad sells and distributes building materials, marine and industrial products, agro-engineering equipment and supplies, and electrical and office automation supplies in Malaysia and Singapore.

Full company description

Pansar Berhad sells and distributes building materials, marine and industrial products, agro-engineering equipment and supplies, and electrical and office automation supplies in Malaysia and Singapore. It operates through Building and Construction Materials, Marine and Industrial, Agro Engineering, Electrical and Air-conditioning, Heavy Equipment, Mechanical and Electrical, and Construction and Infrastructure segments. It sells and distributes steel bars, cement, roofing materials, construction chemicals, and industrial materials; and supplies and distributes power generating and water pressure systems, welding and pump sets, and air compressors for industrial sector; road compactors and mini excavators for construction sector; tractors, combine harvesters, and brush cutters for agriculture sector; and marine propulsion diesel engines, outboard motors, and marinised generators for marine sector. The company also supplies steel wire ropes, packaging systems, precision measuring instruments, and wood treatment chemicals for timber industry, as well as saw doctoring equipment, electric motors, grinders, cutters, and other upstream equipment and machinery. In addition, it sells and distributes lighting and air-conditioning systems; and provides office automation solutions, including photocopier, fax machines and key phones, and computers, as well as networking, software, and work flow solutions. Further, it sells and distributes construction equipment, such as backhoe loaders, heavy and compact excavators, telehandlers, and related spare parts; designs, supplies, and installs air-conditioning and ventilation, plumbing, and fire protection systems; and engages in building and infrastructure construction and property development. The company was formerly known as PWE Industries Berhad and changed its name to Pansar Berhad in October 2010. The company was founded in 1961 and is headquartered in Sibu, Malaysia. Pansar Berhad is a subsidiary of Pan Sarawak Holdings Sdn Bhd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Pansar Berhad reported revenue of 1.3B MYR in FY2026 versus 602M MYR in FY2022, a compound +20.3%/yr. Reported net income was 22.4M MYR in FY2026, compounding +122.1%/yr from FY2022.

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Peer Group

Conglomerates · 369 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.

Valuation Multiples vs Conglomerates median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.