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RCE Capital Berhad, an investment holding company, (9296) Fair Value & Analysis

Financial Services · MY · Market cap 1.6B MYR

RC RCE Capital Berhad, an investment holding company, 9296 · KLSE
Price1.05 MYR
Fair Value1.11 MYR
Upside+5.7%
Quality64/100
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Healthy Growth
Highly profitable · 53.1% net margin
Moderate debt · generates free cash flow
6.13% dividend yield
Ranks above peers (11/15)
Wide moat 73/100
Evidence: High Range 0.5800 MYR – 1.40 MYR Share as image

Fair value as of: Jul 14, 2026

From 13 valuation models · updated 27 days ago

Share price −0.9% 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 (0.5800 MYR to 1.40 MYR) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

1.58 MYR 0.4630 MYR Fair Value 1.11 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 0.4630 MYR – 1.58 MYR · fair‑value band 0.5800 MYR – 1.40 MYR · the 1.05 MYR price screens below the 1.11 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

RCE Capital Berhad, an investment holding company, (9296) currently trades at 1.05 MYR, while our model-based Fair Value estimate is 1.11 MYR, implying the stock looks roughly 5.7% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services 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, RCE Capital Berhad, an investment holding company, generated revenue of 238M MYR at a net margin of 53.1%. Revenue grew 2.5% year over year. It earns a return on equity of 14.8%. Net debt stands at 1.3B MYR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 0.5800 MYR (bear case) to 1.40 MYR (bull case); at 1.05 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 15% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 6%, 9296 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
Growth DCF 0.1100 MYR 0.4400 MYR 0.8500 MYR 80
Residual Income 0.5500 MYR 0.6500 MYR 1.03 MYR 76
Rev-Margin DCF 0.0400 MYR 0.3000 MYR 74
All 13 models by family
DCF Models
Owner Earnings 0.1400 MYR 0.5300 MYR 1.05 MYR 31
5Y P/E Exit 0.0700 MYR 0.5000 MYR 0.9600 MYR 38
10Y P/E Exit 0.0800 MYR 0.4400 MYR 0.8800 MYR 35
Earnings-Based
Graham-Dodd 0.5900 MYR 1.90 MYR 2.54 MYR 54
Lynch FV 0.4200 MYR 0.6100 MYR 0.7900 MYR 50
Dividend Discount
Gordon GGM 0.5000 MYR 0.9100 MYR 1.25 MYR 70
DDM Multi-Stage 0.5000 MYR 0.8000 MYR 0.9700 MYR 61
Multiples
P/E Multiple 0.8400 MYR 1.12 MYR 1.40 MYR 63
P/B Multiple 0.6200 MYR 0.8300 MYR 1.04 MYR 55
Asset-Based
NCAV (Graham) 0.3000 MYR 0.4000 MYR 0.5900 MYR 50
Growth DCF
Growth DCF 0.1100 MYR 0.4400 MYR 0.8500 MYR 80
Rev-Margin DCF 0.0400 MYR 0.3000 MYR 74
Economic Profit
Residual Income 0.5500 MYR 0.6500 MYR 1.03 MYR 76

Widest divergence: Multiples (0.8300 MYR) versus Growth DCF (0.0400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 238M MYR
Revenue growth (YoY) +2.5%
Net margin 53.1%
Return on equity 14.8%
Free cash flow 126M MYR FY2026
P/E ratio 12.6
More key figures
Operating margin 84.3%
EPS (TTM) 0.0900 MYR
Dividend yield 5.7%
EPS growth (YoY) +109%
Net debt 1.3B MYR FY2026

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 59 · Market factors (momentum, volatility) 52

Profitability 42
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 41
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

RCE Capital Berhad, an investment holding company, provides financial services in Malaysia. It offers consumer financing, commercial financing, money lending, and shariah-compliant and conventional financing services; financial administrative services; and confirming, factoring, and industrial hire-purchase services in trade-related activities and general …

Full company description

RCE Capital Berhad, an investment holding company, provides financial services in Malaysia. It offers consumer financing, commercial financing, money lending, and shariah-compliant and conventional financing services; financial administrative services; and confirming, factoring, and industrial hire-purchase services in trade-related activities and general trading; as well as invests in securities. The company is also involved in the processing and administration of payroll collection, as well as management services. The company was formerly known as Rediffusion Berhad and changed its name to RCE Capital Berhad in October 2003. The company was incorporated in 1953 and is based in Kuala Lumpur, Malaysia. RCE Capital Berhad is a subsidiary of Amcorp Group Berhad.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

RCE Capital Berhad, an investment holding company, reported revenue of 356M MYR in FY2026 versus 299M MYR in FY2022, a compound +4.4%/yr. Reported net income was 127M MYR in FY2026, compounding −1.3%/yr from FY2022.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
356M MYR
Latest YoY
+7.5%
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.
+3.3%
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.
+4.0%
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.
+8.0%
Revenue +4.4%/yr
FY22 299M MYR
FY23 324M MYR
FY24 342M MYR
FY25 332M MYR
FY26 356M MYR
Net income −1.3%/yr
FY22 133M MYR
FY23 139M MYR
FY24 139M MYR
FY25 106M MYR
FY26 127M MYR

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Cite: Fair Value Calculator (2026). "RCE Capital Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/9296

Peer Group

Credit Services · 331 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 64 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 53% · Top 25%
Operating margin (TTM) 84% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 6.1% · Top 25%
Debt / equity 1.28× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 0.44× · Cheaper than 75% of peers
P/S (TTM) 1.60× · Cheaper than median
P/FCF 3.0× · Pricier than 75% of peers
EV/EBITDA 8.0× · Cheaper than median
PEG 2.77× · Pricier 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 41 · sector 37
FUTURE 13 · sector 39
PAST 59 · sector 32
HEALTH 36 · sector 58
DIVIDEND 100 · sector 51

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is RCE Capital Berhad, an investment holding company, (9296) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 1.11 MYR versus a price of 1.05 MYR, about +6% (fairly valued).
What is the fair value of 9296?
Our model-based fair value for RCE Capital Berhad, an investment holding company, is 1.11 MYR (as of Jul 14, 2026), built from audited fundamentals. The current price is 1.05 MYR.
What is the quality score of 9296?
RCE Capital Berhad, an investment holding company, has a Quality Score of 64/100. 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 RCE Capital Berhad, an investment holding company, (9296)?
RCE Capital Berhad, an investment holding company, reported trailing-twelve-month revenue of about 238M MYR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 9296?
The net profit margin of RCE Capital Berhad, an investment holding company, is about 53.1%, meaning it keeps roughly 53.1% of revenue as net income. Based on the latest reported figures.
Does RCE Capital Berhad, an investment holding company, pay a dividend?
RCE Capital Berhad, an investment holding company, currently shows a dividend yield of about 5.70% relative to its recent price (as of Jul 14, 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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