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Concrete Engineering Products (8435) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Concrete Engineering Products MYR 2.40, price MYR 4.00, upside -40.0%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Basic Materials · MY · ISIN MYL8435OO009

CE Thin data Sep 23, 2026

Concrete Engineering Products

8435 · KLSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 2.40 MYR · Strongly overvalued (−40%)
✓Quality 68/100
!Weak Growth (revenue 5y −5.8 %/yr)
✓Highly profitable · 45.8% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (10/12)
✓Wide moat 71/100
!Insider activity 45/100
!Evidence only low, so the estimate is less certain
!Weak on future: 9 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

4.90 MYR 0.4500 MYR Fair Value 2.40 MYR May 2017 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range 0.4500 MYR – 4.90 MYR · fair‑value band 1.96 MYR – 3.08 MYR · the 4.00 MYR price screens above the 2.40 MYR fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Concrete Engineering Products Berhad manufactures and distributes prestressed spun concrete piles and poles in Malaysia and rest of Southeast Asia.

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Concrete Engineering Products Berhad manufactures and distributes prestressed spun concrete piles and poles in Malaysia and rest of Southeast Asia. The company's spun concrete piles are used in the foundation piles for buildings, pile embankments, bridges, ports, and marine structures; retaining and quay walls; and prefabricated construction of buildings and marine structures. Its spun concrete poles are used for telecommunication, and electric power transmission and distribution lines, as well as traffic signal equipment and street lightings. The company exports its products to Asia, Africa, Oceania, and the Gulf Region. Concrete Engineering Products Berhad was incorporated in 1982 and is headquartered in Kuala Lumpur, Malaysia. As of April 7, 2026, Concrete Engineering Products Berhad operates as a subsidiary of YTL Cement Bhd.

Stock analysis

Concrete Engineering Products (8435) currently trades at 4.00 MYR, while our model-based Fair Value estimate is 2.40 MYR, implying the stock looks roughly 66.7% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 3.39 MYR per share, and 1 of the 13 models we run sit above the 4.00 MYR price.

Bear case: the Asset-Based group reads lowest at 0.7800 MYR, and 12 of the 13 models stay below the price. Evidence for this calculation is low.

Scenario range: 1.96 MYR (bear) to 3.08 MYR (bull), the price of 4.00 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 68/100 (solid quality), in the Basic Materials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Concrete Engineering Products reported revenue of 59.4M MYR in FY2025 versus 84.5M MYR in FY2021, a compound −8.4%/yr. Reported net income was 19.5M MYR in FY2025.

Key figures

Market cap 298M MYR (≈ $73.2M) · P/E ratio 10.8 · P/S ratio 3.54 · EPS (TTM) 0.3700 MYR · Net margin 32.8% · Return on equity 40.3% · Return on assets (EBIT) 0.5% · Operating margin 6.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 18% below its 52-week high and 281% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −40%, 8435 screens cheaper than that median.

Fair Value models

Bear 1.96 MYR Fair Value 2.40 MYR Bull 3.08 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 12 months old). Earnings retained since then (0.3700 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.
Highest evidence
Owner Earnings 2.10 MYR 2.65 MYR 3.52 MYR 78
EPV 1.76 MYR 1.97 MYR 2.14 MYR 74
ROIC Compounder 1.76 MYR 2.02 MYR 2.26 MYR 72
All 13 models by family
DCF Models
Owner Earnings 2.10 MYR 2.65 MYR 3.52 MYR 78
Earnings-Based
Graham-Dodd 1.78 MYR 2.17 MYR 2.44 MYR 67
EPV 1.76 MYR 1.97 MYR 2.14 MYR 74
Multiples
P/E Multiple 3.33 MYR 4.44 MYR 5.55 MYR 63
P/S Multiple 0.9000 MYR 1.19 MYR 1.49 MYR 58
P/B Multiple 2.63 MYR 3.51 MYR 4.39 MYR 55
EV/EBIT 2.87 MYR 3.81 MYR 4.76 MYR 66
EV/EBITDA 2.29 MYR 3.05 MYR 3.81 MYR 67
EV/Revenue 0.8600 MYR 1.22 MYR 1.57 MYR 54
Asset-Based
NCAV (Graham) 0.5900 MYR 0.7800 MYR 1.17 MYR 54
Economic Profit
Residual Income 1.34 MYR 1.78 MYR 5.49 MYR 59
ROIC Compounder 1.76 MYR 2.02 MYR 2.26 MYR 72
Growth Earnings
Growth-Adj P/E 2.37 MYR 3.39 MYR 4.40 MYR 67

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Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 76

Profitability 60
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 88
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 24/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−42.8%
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.
−26.3%
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.
−5.8%
Start year 2020 (pandemic). Over 10 years: −12.4% a year
Revenue growth 13 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.
−6.3%
Profit margin (trend) ⓘ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.
−20.3% (2020) → 34.0% (2025)

8435 screens 67% overvalued. Compare with CRH plc →

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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.Building Materials · 258 stocks

Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 68 · Top 25%
Fair Value upside −40% · Below median
Profitability
Return on equity (TTM) 40% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 46% · Top 25%
Operating margin (TTM) 6% · Above median
Growth and dividend
Revenue growth 2% · Above median

Valuation Multiplesvs Building Materials median · lower = cheaper

P/E (TTM) 10.8× · Cheapest 25%
P/B 0.84× · Cheaper than median
P/S (TTM) 1.20× · Pricier than median
EV/EBITDA 2.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 25
FUTURE (revenue growth)9 · sector 2
PAST (return on equity)100 · sector 15
HEALTH (low debt)100 · sector 92
DIVIDEND (yield)0 · sector 46

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

Context: sector, industry, market

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

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
CRH plc CRH $88.04 $74.79 −15%
Holcim AG HOLN CHF 68.02 CHF 33.05 −51%
Vulcan Materials Company VMC $247.87 $131.48 −47%
UltraTech Cement Limited ULTRACEMCO ₹11,155 ₹4,719 −58%
Martin Marietta Materials, Inc MLM $499.34 $245.83 −51%
China Jushi Co 600176 ¥45.62 ¥29.50 −35%
Amrize AG AMRZ $39.00 $34.66 −11%
Grasim Industries Limited GRASIM ₹3,189 ₹1,245 −61%
CEMEX, S.A. CX $10.24 $25.27 +147%
James Hardie Industries plc JHX A$38.17 A$7.93 −79%

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Concrete Engineering Products · Fair Value
2.40 MYR −67%Fair Value
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Cite: Fair Value Calculator (2026). "Concrete Engineering Products Fair Value". https://www.fairvalue-calculator.com/stock/8435

Frequently asked questions

Is Concrete Engineering Products (8435) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 2.40 MYR versus a price of 4.00 MYR, about −40% upside (overvalued).
What is the fair value of 8435?
Our model-based fair value for Concrete Engineering Products is 2.40 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 4.00 MYR.
What is the quality score of 8435?
Concrete Engineering Products has a Quality Score of 68/100. 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 Concrete Engineering Products (8435)?
Our model-based price target is the fair value of 2.40 MYR (as of Sep 23, 2026) from 13 valuation models. Cautious scenario 1.96 MYR, optimistic scenario 3.08 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Concrete Engineering Products stock forecast for 2026?
Our models put fair value at 2.40 MYR, about −40% upside versus a price of 4.00 MYR (overvalued). Cautious scenario 1.96 MYR, optimistic scenario 3.08 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Concrete Engineering Products (8435)?
Concrete Engineering Products reported trailing-twelve-month revenue of about 60.7M MYR (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Concrete Engineering Products (8435)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Concrete Engineering Products it is 2.40 MYR per share (as of Sep 23, 2026), against a price of 4.00 MYR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Concrete Engineering Products stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 8435 trades above its calculated fair value: price 4.00 MYR, fair value 2.40 MYR, a gap of about −40% (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 8435?
No. The price is what the market pays today (4.00 MYR); the fair value is what the company's own numbers justify (2.40 MYR). For Concrete Engineering Products the two are 1.60 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Concrete Engineering Products worth?
The market values Concrete Engineering Products at about 298M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 4.00 MYR; our models calculate a fair value of 2.40 MYR per share.
What do the bullish and bearish scenarios say about 8435?
Our models span a range for Concrete Engineering Products: cautious scenario 1.96 MYR, base 2.40 MYR, optimistic 3.08 MYR per share (as of Sep 23, 2026, price 4.00 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8435?
Concrete Engineering Products trades at a price-to-earnings ratio of 10.8 (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 2.40 MYR is built from several models across several years. Other multiples: P/B 0.8, P/S 1.2, EV/EBITDA 2.5.
How solid is the balance sheet of Concrete Engineering Products (8435)?
Balance-sheet figures for Concrete Engineering Products (as of Sep 23, 2026): return on equity 40.3%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 8435 from its 52-week high?
Concrete Engineering Products trades at 4.00 MYR, about 18% below its 52-week high of 4.90 MYR and 281% above the low of 1.05 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.40 MYR is for.
Which stocks are comparable to Concrete Engineering Products?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 Concrete Engineering Products stock attractive at the current price?
The data as of Sep 23, 2026: price 4.00 MYR, calculated fair value 2.40 MYR (−40%), Quality Score 68/100, from 13 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 8435 calculated?
We run Concrete Engineering Products through 13 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 2.40 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 13.2 % above its aggregate fair value. Concrete Engineering Products 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 Concrete Engineering Products (8435)?
The closing price on Sep 24, 2026 was 4.00 MYR. Our model-based fair value is 2.40 MYR, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Concrete Engineering Products right now?
The price sits above even our optimistic bull case (3.08 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Concrete Engineering Products

How large is the market capitalisation of Concrete Engineering Products (8435)?
The market capitalisation of Concrete Engineering Products is 298M MYR (≈ $73.2M). 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 Concrete Engineering Products (8435)?
The price-to-sales ratio of Concrete Engineering Products is 3.54 (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 Concrete Engineering Products (8435)?
Earnings per share at Concrete Engineering Products are 0.3700 MYR (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Concrete Engineering Products (8435)?
The net margin of Concrete Engineering Products is 32.8% (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 Concrete Engineering Products (8435)?
The return on equity (ROE) of Concrete Engineering Products is 40.3% (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 Concrete Engineering Products (8435)?
On an EBIT basis the return on assets of Concrete Engineering Products is 0.5% (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 Concrete Engineering Products (8435)?
The operating margin of Concrete Engineering Products is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Concrete Engineering Products (8435)?
Revenue at Concrete Engineering Products is growing +1.7% versus a year earlier (3y avg −26.3%). 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 Concrete Engineering Products (8435)?
Earnings per share at Concrete Engineering Products are growing +22.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Concrete Engineering Products (8435) generate?
The free cash flow of Concrete Engineering Products is −1.5M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Concrete Engineering Products (8435) carry?
The net debt of Concrete Engineering Products is 2.7M MYR (fiscal year 2025). 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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