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Concrete Engineering Products Berhad (8435) Fair Value & Analysis

Basic Materials · MY · Market cap 269M MYR

CE Concrete Engineering Products Berhad 8435 · KLSE
Price3.55 MYR
Fair Value3.39 MYR
Upside-4.5%
Quality68/100
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Weak Growth
Highly profitable · 45.8% net margin
Low debt · negative free cash flow
Ranks above peers (11/12)
Wide moat 71/100
Evidence: Medium Range 2.37 MYR – 4.39 MYR Share as image

Fair value as of: Jul 18, 2026

From 13 valuation models · updated 23 days ago

Share price −5.3% over the past month.

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.
  • A fairly wide model range (2.37 MYR to 4.39 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4.90 MYR 0.4500 MYR Fair Value 3.39 MYR Nov 2016 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 0.4500 MYR – 4.90 MYR · fair‑value band 2.37 MYR – 4.39 MYR · the 3.55 MYR price screens above the 3.39 MYR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Concrete Engineering Products Berhad (8435) currently trades at 3.55 MYR, while our model-based Fair Value estimate is 3.39 MYR, implying the stock looks roughly 4.5% fairly valued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Concrete Engineering Products Berhad generated revenue of 60.7M MYR at a net margin of 45.8%. Revenue grew 1.7% year over year. It earns a return on equity of 40.3%. Net debt stands at 2.7M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 2.37 MYR (bear case) to 4.39 MYR (bull case); at 3.55 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 29% below its 52-week high and 286% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -5%, 8435 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
ROIC Compounder 1.76 MYR 2.02 MYR 2.26 MYR 72
Growth-Adj P/E 2.37 MYR 3.39 MYR 4.40 MYR 68
P/E Multiple 3.33 MYR 4.44 MYR 5.55 MYR 63
All 13 models by family
DCF Models
Owner Earnings 2.06 MYR 2.59 MYR 3.44 MYR 31
Earnings-Based
Graham-Dodd 1.78 MYR 2.17 MYR 2.44 MYR 54
EPV 1.76 MYR 1.97 MYR 2.14 MYR 59
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 53
EV/EBITDA 2.29 MYR 3.05 MYR 3.81 MYR 54
EV/Revenue 0.8600 MYR 1.22 MYR 1.57 MYR 43
Asset-Based
NCAV (Graham) 0.5900 MYR 0.7800 MYR 1.17 MYR 50
Economic Profit
Residual Income 1.34 MYR 1.78 MYR 5.49 MYR 61
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 68

Widest divergence: Growth Earnings (3.39 MYR) versus Asset-Based (0.7800 MYR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 60.7M MYR
Revenue growth (YoY) +1.7%
Net margin 45.8%
Return on equity 40.3%
Free cash flow −1.5M MYR FY2025
P/E ratio 13.2
More key figures
Operating margin 6.4%
EPS (TTM) 0.3700 MYR
EPS growth (YoY) +2,233%
Net debt 2.7M MYR FY2025

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 79

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 98
Price trend over the last 3–12 months (market factor)
52W Momentum 80
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

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

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Concrete Engineering Products Berhad 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.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
59.4M MYR
Latest YoY
−42.8%
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.
−26.3%
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.
−5.8%
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.
−6.3%
Revenue −8.4%/yr
FY21 84.5M MYR
FY22 148M MYR
FY23 133M MYR
FY24 104M MYR
FY25 59.4M MYR
Net income
FY21 −16.8M MYR
FY22 375K MYR
FY23 1.1M MYR
FY24 −4.6M MYR
FY25 19.5M MYR

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Cite: Fair Value Calculator (2026). "Concrete Engineering Products Berhad Fair Value". https://www.fairvalue-calculator.com/stock/8435

Peer Group

Building Materials · 253 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 68 · Top 25%
Fair Value upside −5% · Above median
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
Revenue growth 2% · Above median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 9.7× · Cheaper than 75% of peers
P/B 0.75× · Cheaper than median
P/S (TTM) 1.08× · Pricier than median
EV/EBITDA 2.3× · 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 27 · sector 27
FUTURE 9 · sector 2
PAST 100 · sector 15
HEALTH 100 · sector 92
DIVIDEND 0 · sector 42

Insider activity: 45/100

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Concrete Engineering Products Berhad (8435) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 3.39 MYR versus a price of 3.55 MYR, about −5% (fairly valued).
What is the fair value of 8435?
Our model-based fair value for Concrete Engineering Products Berhad is 3.39 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 3.55 MYR.
What is the quality score of 8435?
Concrete Engineering Products Berhad 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 revenue of Concrete Engineering Products Berhad (8435)?
Concrete Engineering Products Berhad reported trailing-twelve-month revenue of about 60.7M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 8435?
The net profit margin of Concrete Engineering Products Berhad is about 45.8%, meaning it keeps roughly 45.8% 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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