Fitters Diversified Bhd (9318) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fitters Diversified Bhd stock MYR 0.02, price MYR 0.02, upside +20.0%, quality 53 out of 100. Rating: undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 0.0150 MYR – 0.4200 MYR · fair‑value band 0.0227 MYR – 0.0273 MYR · the 0.0200 MYR price screens below the 0.0240 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 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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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 0.0200 MYR, while our model-based Fair Value estimate is 0.0240 MYR, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.1500 MYR per share, and 11 of the 11 models we run sit above the 0.0200 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0800 MYR, and 0 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.0227 MYR (bear) to 0.0273 MYR (bull), the price of 0.0200 MYR sits below 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 53/100 (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 46.8M MYR (≈ $11.5M) Micro · P/S ratio 0.11 · Net margin 2.3% · Return on equity 85.6% · Return on assets (EBIT) −2.5% (5-year average) · Operating margin 1.5% · Revenue (TTM) 419M MYR · Revenue growth (YoY) +14.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 43% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 20%, 9318 screens cheaper than that median.
Fair Value models
Bear0.0227 MYRFair Value 0.0240 MYRBull0.0273 MYR
Price 0.0200 MYR · Upside +20.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5.8% vs −5.2%, steady
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%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 12.6%/yr over ~8Y (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).
−31.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −33.2% a year for the price.
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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 · 304 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+20.0% · Above median
Profitability
Return on equity (12 months)85.6% · Top 25%
Return on assets2.8% · Below median
Net margin (12 months)2.3% · Bottom 25%
Operating margin (12 months)1.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)14.5% · 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 Nov 8, 2026, our model estimates a fair value of 0.0240 MYR versus a price of 0.0200 MYR, about +20% upside (undervalued).
What is the fair value of 9318?
Our model-based fair value for Fitters Diversified Bhd is 0.0240 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 0.0200 MYR.
What is the quality score of 9318?
Fitters Diversified Bhd has a Quality Score of 53/100. 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 0.0240 MYR (as of Nov 8, 2026) from 11 valuation models. Cautious scenario 0.0227 MYR, optimistic scenario 0.0273 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 0.0240 MYR, about +20% upside versus a price of 0.0200 MYR (undervalued). Cautious scenario 0.0227 MYR, optimistic scenario 0.0273 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 Nov 8, 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 -31.9 % 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 Nov 8, 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 0.35, 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 -31.9 % per year for five years, then slowing evenly to 2 % by year ten, 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 free-cash-flow growth of -31.9 % per 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 +7.8 % a year. That is the yardstick for the growth priced into Fitters Diversified Bhd (-31.9 % per 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 41.67 %: 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 0.0240 MYR per share (as of Nov 8, 2026), against a price of 0.0200 MYR. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Fitters Diversified Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 9318 trades below its calculated fair value: price 0.0200 MYR, fair value 0.0240 MYR, a gap of about +20% (undervalued). 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 (0.0200 MYR); the fair value is what the company's own numbers justify (0.0240 MYR). For Fitters Diversified Bhd the two are 0.0040 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 46.8M MYR (market capitalisation, as of Nov 8, 2026). Per share that is 0.0200 MYR; our models calculate a fair value of 0.0240 MYR per share.
What do the bullish and bearish scenarios say about 9318?
Our models span a range for Fitters Diversified Bhd: cautious scenario 0.0227 MYR, base 0.0240 MYR, optimistic 0.0273 MYR per share (as of Nov 8, 2026, price 0.0200 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 Nov 8, 2026): return on equity 85.6%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 9318 from its 52-week high?
Fitters Diversified Bhd trades at 0.0200 MYR, about 43% below its 52-week high of 0.0350 MYR and 33% above the low of 0.0150 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0240 MYR is for.
Which stocks are comparable to Fitters Diversified Bhd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Fitters Diversified Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 0.0200 MYR, calculated fair value 0.0240 MYR (+20%), Quality Score 53/100, 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 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.0240 MYR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Fitters Diversified Bhd currently trades 17% below its own fair value, and the market average says nothing about that. 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 Nov 6, 2026 was 0.0200 MYR. Our model-based fair value is 0.0240 MYR, about +20% upside (undervalued). 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 is below even our cautious bear case (0.0227 MYR). The market is more pessimistic than our downside scenario. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. 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 46.8M MYR (≈ $11.5M). 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 1.5% (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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Thin data
Nov 8, 2026