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Salcon Berhad, an investment holding company, (8567) Fair Value & Analysis

Industrials · MY · Market cap 238M MYR

SB Salcon Berhad, an investment holding company, 8567 · KLSE
Price0.2200 MYR
Fair Value0.2500 MYR
Upside+13.6%
Quality47/100
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Expensive Growth
Loss-making · -0.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 14/100
Evidence: Medium Range 0.1900 MYR – 0.2700 MYR Share as image

Fair value as of: Jul 16, 2026

From 11 valuation models · updated 25 days ago

Share price +10.0% over the past month.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • Our model range runs from 0.1900 MYR (bear) to 0.2700 MYR (bull), base 0.2500 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 47/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

0.4600 MYR 0.1463 MYR Fair Value 0.2500 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.1463 MYR – 0.4600 MYR · fair‑value band 0.1900 MYR – 0.2700 MYR · the 0.2200 MYR price screens below the 0.2500 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Salcon Berhad, an investment holding company, (8567) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.2500 MYR, implying the stock looks roughly 13.6% undervalued today. The Quality Score stands at 47/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Salcon Berhad, an investment holding company, generated revenue of 264M MYR at a net margin of -0.6%. Revenue declined 60.9% year over year. It earns a return on equity of -3.1%. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.1900 MYR (bear case) to 0.2700 MYR (bull case); at 0.2200 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 32% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at 14%, 8567 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 0.2500 MYR 0.2300 MYR 0.1700 MYR 76
Growth-Adj P/E 0.1900 MYR 0.2700 MYR 0.3500 MYR 68
P/E Multiple 0.1600 MYR 0.2100 MYR 0.2700 MYR 63
All 11 models by family
DCF Models
Owner Earnings 0.1400 MYR 0.1600 MYR 0.2000 MYR 31
Earnings-Based
Graham-Dodd 0.0700 MYR 0.4600 MYR 0.6500 MYR 54
Lynch FV 0.1400 MYR 0.1900 MYR 0.2500 MYR 50
PEG = 1.0 0.1400 MYR 0.1900 MYR 0.2500 MYR 46
Multiples
P/E Multiple 0.1600 MYR 0.2100 MYR 0.2700 MYR 63
P/S Multiple 0.1300 MYR 0.1700 MYR 0.2200 MYR 58
P/B Multiple 0.1300 MYR 0.1700 MYR 0.2200 MYR 55
EV/EBITDA 0.2800 MYR 0.3300 MYR 0.3800 MYR 54
Asset-Based
NCAV (Graham) 0.2000 MYR 0.2700 MYR 0.4000 MYR 50
Economic Profit
Residual Income 0.2500 MYR 0.2300 MYR 0.1700 MYR 76
Growth Earnings
Growth-Adj P/E 0.1900 MYR 0.2700 MYR 0.3500 MYR 68

Widest divergence: Asset-Based (0.2700 MYR) versus DCF Models (0.1600 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 264M MYR
Revenue growth (YoY) -60.9%
Net margin -0.6%
Return on equity -3.1%
Free cash flow −1.8M MYR FY2025
Operating margin -5.0%
More key figures
EPS growth (YoY) -60.5%

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 41

Profitability 25
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 25
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

Salcon Berhad, an investment holding company, operates as water and wastewater engineering company in Malaysia, the United States, India, the United Kingdom, and internationally. It operates in six segments: Constructions, Glove Manufacturing, Trading and Services, Property Development, Healthcare, and Investment Holding.

Full company description

Salcon Berhad, an investment holding company, operates as water and wastewater engineering company in Malaysia, the United States, India, the United Kingdom, and internationally. It operates in six segments: Constructions, Glove Manufacturing, Trading and Services, Property Development, Healthcare, and Investment Holding. The company engages in the investment, design, engineering, procurement, construction, installation, testing and commissioning, operation, and maintenance of water treatments facilities; and provision of non-revenue water reduction, customer service, and billings and collection services. It also provides operation and maintenance services, including plant startup and commissioning, plant operation and maintenance, technical training, operations support, small capital project execution, facility management, plant engineering, and asset optimization for water treatment, storage, pumping, and distribution facilities. In addition, the company constructs sewage treatment plants, pumping stations, vacuum sewage collocation systems, intermittently decanted extended aeration systems, membrane systems, and sewer networks; upgrades and refurbishes sewage treatment systems; operates fibre-optic cables; builds solar photovoltaic systems on rooftops; provides transportation services for workers, and palm and soy oil products, as well as inbound and outbound tour services; manufactures medical and industrial grade disposable latex, nitrile, and polychloroprene gloves; and engages in property development activities. Further, it is involved in provision of mechanical and electrical engineering, dental, dental laboratory, medical clinic, aesthetic, beauty, wellness, and information technology services; sale of solar power products and solar energy; operation of generation facilities that produce electricity; import and export of goods; and development and marketing of web-based system. The company was founded in 1974 and is headquartered in Subang Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Salcon Berhad, an investment holding company, reported revenue of 375M MYR in FY2025 versus 287M MYR in FY2021, a compound +6.9%/yr. Reported net income was 11.6M MYR in FY2025, compounding −0.8%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
375M MYR
Latest YoY
+25.6%
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.
+22.4%
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.
+14.0%
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.
+5.7%
Revenue +6.9%/yr
FY21 287M MYR
FY22 204M MYR
FY23 155M MYR
FY24 298M MYR
FY25 375M MYR
Net income −0.8%/yr
FY21 12.0M MYR
FY22 −24.3M MYR
FY23 −21.2M MYR
FY24 16.1M MYR
FY25 11.6M MYR

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Cite: Fair Value Calculator (2026). "Salcon Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/8567

Peer Group

Waste Management · 166 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 47 · Below median
Fair Value upside +14% · Above median
Return on assets -2% · Bottom 25%
Net margin (TTM) -1% · Below median
Operating margin (TTM) -5% · Bottom 25%
Revenue growth -61% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Waste Management median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.22× · 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 51 · sector 8
FUTURE 0 · sector 22
PAST 0 · sector 25
HEALTH 99 · sector 81
DIVIDEND 0 · sector 30

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 Waste Management stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥15.75 ¥20.95 +33%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Salcon Berhad, an investment holding company, (8567) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.2500 MYR versus a price of 0.2200 MYR, about +14% (undervalued).
What is the fair value of 8567?
Our model-based fair value for Salcon Berhad, an investment holding company, is 0.2500 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.2200 MYR.
What is the quality score of 8567?
Salcon Berhad, an investment holding company, has a Quality Score of 47/100. 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 Salcon Berhad, an investment holding company, (8567)?
Salcon Berhad, an investment holding company, reported trailing-twelve-month revenue of about 264M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 8567?
The net profit margin of Salcon Berhad, an investment holding company, is about -0.6%, meaning it is currently running at a net loss. 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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