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FITTERS Diversified Berhad, an investment holding company, (9318) Fair Value & Analysis

Industrials · MY · Market cap 46.8M MYR

FD FITTERS Diversified Berhad, an investment holding company, 9318 · KLSE
Price0.0250 MYR
Fair Value0.0313 MYR
Upside+25.2%
Quality51/100
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Mixed Growth
Thin margins · 2.3% net margin
Low debt · generates free cash flow
Ranks above peers (7/10)
Moderate moat 46/100
Evidence: High Range 0.0275 MYR – 0.0338 MYR Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

A solid business, screening 25% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0275 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.4200 MYR 0.0150 MYR Fair Value 0.0313 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 0.0150 MYR – 0.4200 MYR · fair‑value band 0.0275 MYR – 0.0338 MYR · the 0.0250 MYR price screens below the 0.0313 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

FITTERS Diversified Berhad, an investment holding company, (9318) currently trades at 0.0250 MYR, while our model-based Fair Value estimate is 0.0313 MYR, implying the stock looks roughly 25.2% undervalued today. The Quality Score stands at 51/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, FITTERS Diversified Berhad, an investment holding company, generated revenue of 419M MYR at a net margin of 2.3%. Revenue grew 14.5% year over year. It earns a return on equity of 85.6%. Net debt stands at 29.0M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.0275 MYR (bear case) to 0.0338 MYR (bull case); at 0.0250 MYR, the current price sits below 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 38% 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 -14% fair-value upside, at 25%, 9318 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 0.0800 MYR 0.1000 MYR 0.1300 MYR 80
Residual Income 0.1100 MYR 0.1100 MYR 0.0800 MYR 76
Rev-Margin DCF 0.0800 MYR 0.1100 MYR 0.1500 MYR 74
All 13 models by family
DCF Models
Owner Earnings 0.0800 MYR 0.1100 MYR 0.1500 MYR 31
5Y P/E Exit 0.0900 MYR 0.1300 MYR 0.1800 MYR 38
10Y P/E Exit 0.0800 MYR 0.1200 MYR 0.1600 MYR 35
Earnings-Based
Graham-Dodd 0.0400 MYR 0.1200 MYR 0.1700 MYR 54
Lynch FV 0.0300 MYR 0.0400 MYR 0.0500 MYR 50
Dividend Discount
Gordon GGM 0.0100 MYR 0.0100 MYR 0.0200 MYR 70
DDM Multi-Stage 0.0100 MYR 0.0100 MYR 0.0200 MYR 61
Multiples
P/E Multiple 0.0900 MYR 0.1200 MYR 0.1500 MYR 63
P/B Multiple 0.0700 MYR 0.1000 MYR 0.1200 MYR 55
Asset-Based
NCAV (Graham) 0.0900 MYR 0.1200 MYR 0.1700 MYR 50
Growth DCF
Growth DCF 0.0800 MYR 0.1000 MYR 0.1300 MYR 80
Rev-Margin DCF 0.0800 MYR 0.1100 MYR 0.1500 MYR 74
Economic Profit
Residual Income 0.1100 MYR 0.1100 MYR 0.0800 MYR 76

Widest divergence: DCF Models (0.1200 MYR) versus Dividend Discount (0.0100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 419M MYR
Revenue growth (YoY) +14.5%
Net margin 2.3%
Return on equity 85.6%
Free cash flow 19.5M MYR FY2024
Operating margin -0.8%
More key figures
EPS growth (YoY) -46.2%
Net debt 29.0M MYR FY2021

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 33

Profitability 38
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 40
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FITTERS Diversified Berhad, an investment holding company, 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.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
593M MYR
Latest YoY
+48.4%
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.
+12.6%
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.
+22.4%
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.
+2.9%
Revenue +8.8%/yr
FY21 423M MYR
FY22 415M MYR
FY23 286M MYR
FY24 400M MYR
FY25 593M MYR
Net income
FY21 −12.9M MYR
FY22 −67.8M MYR
FY23 −16.5M MYR
FY24 1.3M MYR
FY25 13.6M MYR

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Cite: Fair Value Calculator (2026). "FITTERS Diversified Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/9318

Peer Group

Conglomerates · 369 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 51 · Above median
Fair Value upside +20% · Above median
Return on equity (TTM) 86% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 15% · Above median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than median

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 60 · sector 20
FUTURE 73 · sector 16
PAST 100 · sector 20
HEALTH 100 · sector 88
DIVIDEND 0 · sector 39

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.

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Frequently asked questions

Is FITTERS Diversified Berhad, an investment holding company, (9318) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.0313 MYR versus a price of 0.0250 MYR, about +25% (undervalued).
What is the fair value of 9318?
Our model-based fair value for FITTERS Diversified Berhad, an investment holding company, is 0.0313 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.0250 MYR.
What is the quality score of 9318?
FITTERS Diversified Berhad, an investment holding company, 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 revenue of FITTERS Diversified Berhad, an investment holding company, (9318)?
FITTERS Diversified Berhad, an investment holding company, reported trailing-twelve-month revenue of about 419M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 9318?
The net profit margin of FITTERS Diversified Berhad, an investment holding company, is about 2.3%, meaning it keeps roughly 2.3% 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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