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Industronics Berhad, (9393) Fair Value & Analysis

Technology · MY · Market cap 17.7M MYR

IB Industronics Berhad, 9393 · KLSE
Price0.0300 MYR
Fair Value0.0238 MYR
Upside-20.7%
Quality39/100
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Mixed Growth
Loss-making · -27.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/9)
Narrow moat 8/100
Evidence: Low Range 0.0213 MYR – 0.0238 MYR Share as image

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 0.0200 MYR to 0.0238 MYR (+19.0%) since Jun 26, 2026. Share price +20.0% over the past month.

Below-average quality, and screening another 21% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0238 MYR). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (0.0213 MYR to 0.0238 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.
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Price vs Fair Value (5 years)

0.4117 MYR 0.0100 MYR Fair Value 0.0238 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.0100 MYR – 0.4117 MYR · fair‑value band 0.0213 MYR – 0.0238 MYR · the 0.0300 MYR price screens above the 0.0238 MYR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Industronics Berhad, (9393) currently trades at 0.0300 MYR, while our model-based Fair Value estimate is 0.0238 MYR, implying the stock looks roughly 20.7% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Industronics Berhad, generated revenue of 27.0M MYR at a net margin of -27.0%. Revenue grew 224.1% year over year. Net debt stands at 41.6M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.0213 MYR (bear case) to 0.0238 MYR (bull case); at 0.0300 MYR, the current price sits above 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 33% below its 52-week high and 200% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -21%, 9393 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
NCAV (Graham) 0.0100 MYR 0.0200 MYR 0.0300 MYR 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.0100 MYR 0.0200 MYR 0.0300 MYR 50

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Key figures & financial health

Revenue (TTM) 27.0M MYR
Revenue growth (YoY) +224%
Net margin -27.0%
Return on equity -3,717%
Free cash flow −9.8M MYR FY2024
Operating margin -15.5%
More key figures
EPS (TTM) -0.0100 MYR
EPS growth (YoY) -77.3%
Net debt 41.6M MYR FY2023

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 44

Profitability 8
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 82
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

Industronics Berhad, together with its subsidiaries, engages in the designing, manufacturing, and installation of electronic products in Malaysia and Hong Kong. It operates through Electronics and System Integration; Security Systems, Mechanical and Electrical Engineering (M&E); Trading & Services Operations; and Food & Beverage.

Full company description

Industronics Berhad, together with its subsidiaries, engages in the designing, manufacturing, and installation of electronic products in Malaysia and Hong Kong. It operates through Electronics and System Integration; Security Systems, Mechanical and Electrical Engineering (M&E); Trading & Services Operations; and Food & Beverage. The Electronics and System Integration segment is involved in the design, manufacture, and installation of electronic and microprocessor-controlled products; trading, maintenance, and supply of industrial electronic equipment; intelligent transportation systems and systems integration projects involving information communication technology; and supply and service of telecommunication equipment and audio visual multimedia systems. The Security Systems, Mechanical and Electrical Engineering (M&E) segment engages in the supply and installation of security systems; design and installation of fire protection systems, as well as the provision of mechanical engineering services; industrial maintenance and service works; trading of transport equipment and provision of related services; and manufacture, import, and marketing of filters. The Trading & Services Operations segment trades in precision instruments; and provides cloud and general trading services. The Food and Beverage segment is involved in the supply of food and beverage and restaurant/cafe services. It also researches and develops products in the area of power electronics; and offers advertising, and media and event management services, as well as organizes public seminars, trainings, and conventions activities. The company was incorporated in 1975 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Industronics Berhad, reported revenue of 40.5M MYR in FY2025 versus 40.4M MYR in FY2021, a compound +0.1%/yr. Reported net income was −10.6M MYR in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
40.5M MYR
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.
−9.9%
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.
+18.4%
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.
−1.8%
Revenue +0.1%/yr
FY21 40.4M MYR
FY22 55.3M MYR
FY23 54.8M MYR
FY24 13.6M MYR
FY25 40.5M MYR
Net income
FY21 −4.8M MYR
FY22 −7.1M MYR
FY23 −4.0M MYR
FY24 −6.6M MYR
FY25 −10.6M MYR

9393 screens 21% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Industronics Berhad, Fair Value". https://www.fairvalue-calculator.com/stock/9393

Peer Group

Electronic Components · 625 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 36 · Bottom 25%
Fair Value upside −33% · Above median
Return on assets -6% · Bottom 25%
Net margin (TTM) -27% · Bottom 25%
Operating margin (TTM) -16% · Bottom 25%
Revenue growth 224% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.22× · Cheaper than 75% of peers
P/S (TTM) 0.16× · 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 0 · sector 0
FUTURE 100 · sector 32
PAST 0 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

VALUE 0: the price sits above our fair-value range.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Industronics Berhad, (9393) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.0238 MYR versus a price of 0.0300 MYR, about −21% (overvalued).
What is the fair value of 9393?
Our model-based fair value for Industronics Berhad, is 0.0238 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.0300 MYR.
What is the quality score of 9393?
Industronics Berhad, has a Quality Score of 39/100. 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 Industronics Berhad, (9393)?
Industronics Berhad, reported trailing-twelve-month revenue of about 27.0M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 9393?
The net profit margin of Industronics Berhad, is about -27.0%, 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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