Fitters Diversified Bhd (9318) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Fitters Diversified Bhd MYR 0.02, price MYR 0.03, upside -23.6%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 0.0150 MYR – 0.4200 MYR · fair‑value band 0.0186 MYR – 0.0204 MYR · the 0.0250 MYR price screens above the 0.0191 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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FITTERS Diversified Berhad, an investment holding company, designs, manufactures, sells, trades in, and assembles safety and fire-fighting equipment, and industrial products in Malaysia, Singapore, and the British Virgin Island.
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FITTERS Diversified Berhad, an investment holding company, designs, manufactures, sells, trades in, and assembles safety and fire-fighting equipment, and industrial products in Malaysia, Singapore, and the British Virgin Island. The company operates through the Fire Services Division, Property Development and Construction, Renewable and Waste-To-Energy and Green Palm Oil Mill, and Investment Holding segments. It is involved in the installation and maintenance of the privatized computerized fire alarm monitoring system, contracting for mechanical and electrical engineering works, and corrective and preventive maintenance within the fire industry and specialty construction industry, and trading and installation of fire safety materials and equipment. The company also develops and constructs properties; operates a palm oil mill for the treatment, cure, and extraction of palm oil; provides renewable, alternative and waste-to-energy. In addition, it manufactures and markets fire-resistant door sets and general building material; constructs civil work, and residential and commercial buildings, as well as operates as a contractor and fabricator of mechanical engineering works. FITTERS Diversified Berhad was incorporated in 1986 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Fitters Diversified Bhd (9318) currently trades at 0.0250 MYR, while our model-based Fair Value estimate is 0.0191 MYR, implying the stock looks roughly 30.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.1500 MYR per share, and 11 of the 11 models we run sit above the 0.0250 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0400 MYR, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0186 MYR (bear) to 0.0204 MYR (bull), the price of 0.0250 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Fitters Diversified Bhd reported revenue of 593M MYR in FY2025 versus 423M MYR in FY2021, a compound +8.8%/yr. Reported net income was 13.6M MYR in FY2025.
Key figures
Market cap 58.5M MYR (≈ $14.4M) · P/S ratio 0.11 · Net margin 2.3% · Return on equity 85.6% · Return on assets (EBIT) −2.5% · Operating margin −0.8% · Revenue (TTM) 419M MYR · Revenue growth (YoY) +14.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 67% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at −24%, 9318 screens richer than that median.
Fair Value models
Bear 0.0186 MYRFair Value 0.0191 MYRBull 0.0204 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.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.
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.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+48.4%
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.
+12.6%
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.
+22.4%
Start year 2020 (pandemic). Over 10 years: +4.5% 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.
+2.9%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.8%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−4% → 3%
⚠ Revenue per share shrinking 16.5%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−27.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −28.4% a year for the price.
Compare Fitters Diversified Bhd with another stock
Price, fair value, quality and upside side by side.
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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.Conglomerates · 378 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside−24% · Below median
Profitability
Return on equity (TTM)86% · Top 25%
Return on assets0% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)−1% · Bottom 25%
Growth and dividend
Revenue growth15% · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Fitters Diversified Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9318
Frequently asked questions
Is Fitters Diversified Bhd (9318) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.0191 MYR versus a price of 0.0250 MYR, about −24% upside (overvalued).
What is the fair value of 9318?
Our model-based fair value for Fitters Diversified Bhd is 0.0191 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.0250 MYR.
What is the quality score of 9318?
Fitters Diversified Bhd has a Quality Score of 51/100. 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 Fitters Diversified Bhd (9318)?
Our model-based price target is the fair value of 0.0191 MYR (as of Sep 23, 2026) from 11 valuation models. Cautious scenario 0.0186 MYR, optimistic scenario 0.0204 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Fitters Diversified Bhd stock forecast for 2026?
Our models put fair value at 0.0191 MYR, about −24% upside versus a price of 0.0250 MYR (overvalued). Cautious scenario 0.0186 MYR, optimistic scenario 0.0204 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Fitters Diversified Bhd (9318)?
Fitters Diversified Bhd reported trailing-twelve-month revenue of about 419M MYR (latest available figure, as of Sep 23, 2026).
What growth is priced into Fitters Diversified Bhd (9318)?
For today's price to be fair in a discounted-cash-flow model, Fitters Diversified Bhd would have to grow free cash flow by -27.0 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 9318 use?
Our models discount Fitters Diversified Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.24, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fitters Diversified Bhd that is -27.0 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Fitters Diversified Bhd (9318) delivered so far?
Over the past 5 years revenue at Fitters Diversified Bhd grew +22.4 % a year. The price currently implies -27.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fitters Diversified Bhd (9318) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Fitters Diversified Bhd (-27.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fitters Diversified Bhd (9318)?
The free-cash-flow yield on the price is 33.34 %: that much free cash flow Fitters Diversified Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fitters Diversified Bhd (9318)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fitters Diversified Bhd it is 0.0191 MYR per share (as of Sep 23, 2026), against a price of 0.0250 MYR. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Fitters Diversified Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 9318 trades above its calculated fair value: price 0.0250 MYR, fair value 0.0191 MYR, a gap of about −24% (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 9318?
No. The price is what the market pays today (0.0250 MYR); the fair value is what the company's own numbers justify (0.0191 MYR). For Fitters Diversified Bhd the two are 0.0059 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Fitters Diversified Bhd worth?
The market values Fitters Diversified Bhd at about 58.5M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.0250 MYR; our models calculate a fair value of 0.0191 MYR per share.
What do the bullish and bearish scenarios say about 9318?
Our models span a range for Fitters Diversified Bhd: cautious scenario 0.0186 MYR, base 0.0191 MYR, optimistic 0.0204 MYR per share (as of Sep 23, 2026, price 0.0250 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Fitters Diversified Bhd (9318)?
Balance-sheet figures for Fitters Diversified Bhd (as of Sep 23, 2026): return on equity 85.6%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 9318 from its 52-week high?
Fitters Diversified Bhd trades at 0.0250 MYR, about 29% below its 52-week high of 0.0350 MYR and 67% above the low of 0.0150 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0191 MYR is for.
Which stocks are comparable to Fitters Diversified Bhd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 Fitters Diversified Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.0250 MYR, calculated fair value 0.0191 MYR (−24%), Quality Score 51/100, from 11 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 9318 calculated?
We run Fitters Diversified Bhd through 11 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 0.0191 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 13.0 % above its aggregate fair value. Fitters Diversified Bhd 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 Fitters Diversified Bhd (9318)?
The closing price on Sep 24, 2026 was 0.0250 MYR. Our model-based fair value is 0.0191 MYR, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fitters Diversified Bhd right now?
The price sits above even our optimistic bull case (0.0204 MYR). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (0.0186 MYR to 0.0204 MYR), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Fitters Diversified Bhd
How large is the market capitalisation of Fitters Diversified Bhd (9318)?
The market capitalisation of Fitters Diversified Bhd is 58.5M MYR (≈ $14.4M). 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 Fitters Diversified Bhd (9318)?
The price-to-sales ratio of Fitters Diversified Bhd is 0.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Fitters Diversified Bhd (9318)?
The net margin of Fitters Diversified Bhd is 2.3% (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 Fitters Diversified Bhd (9318)?
The return on equity (ROE) of Fitters Diversified Bhd is 85.6% (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 Fitters Diversified Bhd (9318)?
On an EBIT basis the return on assets of Fitters Diversified Bhd is −2.5% (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 Fitters Diversified Bhd (9318)?
The operating margin of Fitters Diversified Bhd is −0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fitters Diversified Bhd (9318)?
Revenue at Fitters Diversified Bhd is growing +14.5% versus a year earlier (3y avg +12.6%). 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 Fitters Diversified Bhd (9318)?
Earnings per share at Fitters Diversified Bhd are growing −46.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fitters Diversified Bhd (9318) carry?
The net debt of Fitters Diversified Bhd is 29.0M MYR (fiscal year 2021, ≈ 1.5 yrs of FCF). 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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