Sycal Ventures Bhd (9717) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Sycal Ventures Bhd MYR 0.04, price MYR 0.17, upside -75.8%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Sycal Ventures Berhad, an investment holding company, engages in construction and property development in Malaysia. It operates in three segments: Construction; Property Development and Management; and Manufacturing and Trading.
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Sycal Ventures Berhad, an investment holding company, engages in construction and property development in Malaysia. It operates in three segments: Construction; Property Development and Management; and Manufacturing and Trading. The company also invests in properties; and provides property management and consultancy services; as well as operates a theme park and convention hall facilities. In addition, it manufactures and trades in ready-mix concrete; trades in building materials; and operates as a turnkey contractor, contractor for building and civil engineering and management, as well as operates plant and machinery. The company was formerly known as Cygal Bhd and changed its name to Sycal Ventures Berhad in June 2007. Sycal Ventures Berhad was founded in 1980 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Sycal Ventures Bhd (9717) currently trades at 0.1650 MYR, while our model-based Fair Value estimate is 0.0400 MYR, implying the stock looks roughly 312.5% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.1900 MYR per share, and 10 of the 21 models we run sit above the 0.1650 MYR price.
Bear case: the Multiples group reads lowest at 0.0100 MYR, and 11 of the 21 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0300 MYR (bear) to 0.0500 MYR (bull), the price of 0.1650 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 60/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sycal Ventures Bhd reported revenue of 39.9M MYR in FY2024 versus 72.3M MYR in FY2020, a compound −13.8%/yr. Reported net income was 226K MYR in FY2024, compounding −31.2%/yr from FY2020.
Key figures
Market cap 68.7M MYR (≈ $16.9M) · P/S ratio 1.44 · Net margin 0.6% · Return on equity 0.2% · Return on assets (EBIT) 1.6% · Operating margin 4.1% · Revenue (TTM) 49.1M MYR · Revenue growth (YoY) +98.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −76%, 9717 screens richer than that median.
Fair Value models
Bear 0.0300 MYRFair Value 0.0400 MYRBull 0.0500 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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−48.1%
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.
−15.6%
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.
−5.9%
Revenue growth 12 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.
−11.3%
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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. Basis: EBIT basis. 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.
−14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.2%
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.−39% vs −37%, steady
Profit margin 2019 to 2024 ⓘ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.22% → 13%
⚠ Revenue per share shrinking 12.2%/yr over ~7Y (margins intact) ⓘ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
Price in line with expectations
The price assumes about as much growth as 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).
−5.3%
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 −7.1% a year for the price.
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.Engineering & Construction · 838 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−76% · Bottom 25%
Profitability
Return on equity (TTM)0% · Bottom 25%
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth99% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B0.06× · Cheapest 25%
P/S (TTM)0.34× · Cheaper than median
P/FCF1.8× · Cheaper than median
EV/EBITDA6.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)100· sector 11
PAST (return on equity)1· sector 29
HEALTH (low debt)97· sector 94
DIVIDEND (yield)0· sector 41
VALUE 0: the price sits above our fair-value range.
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). "Sycal Ventures Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9717
Frequently asked questions
Is Sycal Ventures Bhd (9717) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.0400 MYR versus a price of 0.1650 MYR, about −76% upside (overvalued).
What is the fair value of 9717?
Our model-based fair value for Sycal Ventures Bhd is 0.0400 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.1650 MYR.
What is the quality score of 9717?
Sycal Ventures Bhd has a Quality Score of 60/100. 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 Sycal Ventures Bhd (9717)?
Our model-based price target is the fair value of 0.0400 MYR (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 0.0300 MYR, optimistic scenario 0.0500 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sycal Ventures Bhd stock forecast for 2026?
Our models put fair value at 0.0400 MYR, about −76% upside versus a price of 0.1650 MYR (overvalued). Cautious scenario 0.0300 MYR, optimistic scenario 0.0500 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Sycal Ventures Bhd (9717)?
Sycal Ventures Bhd reported trailing-twelve-month revenue of about 49.1M MYR (latest available figure, as of Sep 24, 2026).
What growth is priced into Sycal Ventures Bhd (9717)?
For today's price to be fair in a discounted-cash-flow model, Sycal Ventures Bhd would have to grow free cash flow by -5.3 % 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 -5.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 9717 use?
Our models discount Sycal Ventures Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.04, 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 Sycal Ventures Bhd that is -5.3 % 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 Sycal Ventures Bhd (9717) delivered so far?
Over the past 5 years revenue at Sycal Ventures Bhd grew -5.9 % a year. The price currently implies -5.3 % 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 Sycal Ventures Bhd (9717) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Sycal Ventures Bhd (-5.3 % 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 Sycal Ventures Bhd (9717)?
The free-cash-flow yield on the price is 13.84 %: that much free cash flow Sycal Ventures 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 Sycal Ventures Bhd (9717)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sycal Ventures Bhd it is 0.0400 MYR per share (as of Sep 24, 2026), against a price of 0.1650 MYR. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Sycal Ventures Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 9717 trades above its calculated fair value: price 0.1650 MYR, fair value 0.0400 MYR, a gap of about −76% (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 9717?
No. The price is what the market pays today (0.1650 MYR); the fair value is what the company's own numbers justify (0.0400 MYR). For Sycal Ventures Bhd the two are 0.1250 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sycal Ventures Bhd worth?
The market values Sycal Ventures Bhd at about 68.7M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.1650 MYR; our models calculate a fair value of 0.0400 MYR per share.
What do the bullish and bearish scenarios say about 9717?
Our models span a range for Sycal Ventures Bhd: cautious scenario 0.0300 MYR, base 0.0400 MYR, optimistic 0.0500 MYR per share (as of Sep 24, 2026, price 0.1650 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sycal Ventures Bhd (9717)?
Balance-sheet figures for Sycal Ventures Bhd (as of Sep 24, 2026): return on equity 0.2%, debt of 0.06 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 9717 from its 52-week high?
Sycal Ventures Bhd trades at 0.1650 MYR, about 18% below its 52-week high of 0.2000 MYR and 6% above the low of 0.1550 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0400 MYR is for.
Which stocks are comparable to Sycal Ventures Bhd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Sycal Ventures Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.1650 MYR, calculated fair value 0.0400 MYR (−76%), Quality Score 60/100, from 22 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 9717 calculated?
We run Sycal Ventures Bhd through 22 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 0.0400 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 13.2 % above its aggregate fair value. Sycal Ventures 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 Sycal Ventures Bhd (9717)?
The closing price on Sep 24, 2026 was 0.1650 MYR. Our model-based fair value is 0.0400 MYR, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sycal Ventures Bhd right now?
The price sits above even our optimistic bull case (0.0500 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Sycal Ventures Bhd
How large is the market capitalisation of Sycal Ventures Bhd (9717)?
The market capitalisation of Sycal Ventures Bhd is 68.7M MYR (≈ $16.9M). 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 Sycal Ventures Bhd (9717)?
The price-to-sales ratio of Sycal Ventures Bhd is 1.44 (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 Sycal Ventures Bhd (9717)?
The net margin of Sycal Ventures Bhd is 0.6% (fiscal year 2024). 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 Sycal Ventures Bhd (9717)?
The return on equity (ROE) of Sycal Ventures Bhd is 0.2% (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 Sycal Ventures Bhd (9717)?
On an EBIT basis the return on assets of Sycal Ventures Bhd is 1.6% (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 Sycal Ventures Bhd (9717)?
The operating margin of Sycal Ventures Bhd is 4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sycal Ventures Bhd (9717)?
Revenue at Sycal Ventures Bhd is growing +98.5% versus a year earlier (3y avg −15.6%). 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 Sycal Ventures Bhd (9717)?
Earnings per share at Sycal Ventures Bhd are growing −87.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sycal Ventures Bhd (9717) carry?
The net debt of Sycal Ventures Bhd is 20.8M MYR (fiscal year 2024, ≈ 2.2 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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