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SEG International Bhd, an investment holding company, (9792) Fair Value & Analysis

Consumer Defensive · MY · Market cap 780M MYR

SI SEG International Bhd, an investment holding company, 9792 · KLSE
Price0.6350 MYR
Fair Value0.1400 MYR
Upside-78.0%
Quality60/100
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Weak Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
1.25% dividend yield
Mixed vs. peers (6/14)
Narrow moat 39/100
Evidence: High Range 0.1100 MYR – 0.1800 MYR Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price −1.6% over the past month.

A solid business, but screening 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1800 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

0.8100 MYR 0.4778 MYR Fair Value 0.1400 MYR Sep 2019 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 0.4778 MYR – 0.8100 MYR · fair‑value band 0.1100 MYR – 0.1800 MYR · the 0.6350 MYR price screens above the 0.1400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

SEG International Bhd, an investment holding company, (9792) currently trades at 0.6350 MYR, while our model-based Fair Value estimate is 0.1400 MYR, implying the stock looks roughly 78.0% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive 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: high).

Over the trailing twelve months, SEG International Bhd, an investment holding company, generated revenue of 218M MYR at a net margin of 4.2%. Revenue grew 20.8% year over year. It earns a return on equity of 8.7%. Net debt stands at 5.2M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.1100 MYR (bear case) to 0.1800 MYR (bull case); at 0.6350 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 23% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at -78%, 9792 screens richer 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 0.2600 MYR 0.3200 MYR 0.4200 MYR 80
Residual Income 0.0700 MYR 0.0700 MYR 0.0700 MYR 76
Rev-Margin DCF 0.2100 MYR 0.2800 MYR 0.3600 MYR 74
All 24 models by family
DCF Models
FCF DCF 0.2600 MYR 0.3200 MYR 0.4300 MYR 38
Owner Earnings 0.2300 MYR 0.2900 MYR 0.3900 MYR 31
5Y Revenue Exit 0.2100 MYR 0.2700 MYR 0.3600 MYR 39
5Y EBITDA Exit 0.3300 MYR 0.4800 MYR 0.6700 MYR 41
5Y P/E Exit 0.1900 MYR 0.2300 MYR 0.2900 MYR 38
10Y Revenue Exit 0.2300 MYR 0.2700 MYR 0.3200 MYR 36
10Y EBITDA Exit 0.3000 MYR 0.3900 MYR 0.4800 MYR 37
10Y P/E Exit 0.2200 MYR 0.2500 MYR 0.2800 MYR 35
Earnings-Based
Graham-Dodd 0.0400 MYR 0.0500 MYR 0.0600 MYR 54
EPV 0.1500 MYR 0.1600 MYR 0.1800 MYR 59
Dividend Discount
Gordon GGM 0.1400 MYR 0.1500 MYR 0.1700 MYR 70
DDM Multi-Stage 0.1400 MYR 0.1700 MYR 0.2000 MYR 61
Multiples
P/E Multiple 0.1100 MYR 0.1400 MYR 0.1800 MYR 63
P/S Multiple 0.0800 MYR 0.1100 MYR 0.1400 MYR 58
P/B Multiple 0.0800 MYR 0.1100 MYR 0.1400 MYR 55
EV/EBIT 0.2800 MYR 0.3600 MYR 0.4400 MYR 53
EV/EBITDA 0.4400 MYR 0.5800 MYR 0.7100 MYR 54
EV/Revenue 0.1900 MYR 0.2500 MYR 0.3100 MYR 43
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0600 MYR 0.0900 MYR 50
Growth DCF
Growth DCF 0.2600 MYR 0.3200 MYR 0.4200 MYR 80
Rev-Margin DCF 0.2100 MYR 0.2800 MYR 0.3600 MYR 74
Economic Profit
Residual Income 0.0700 MYR 0.0700 MYR 0.0700 MYR 76
ROIC Compounder 0.1500 MYR 0.1700 MYR 0.1800 MYR 72
Growth Earnings
Growth-Adj P/E 0.0800 MYR 0.1100 MYR 0.1400 MYR 68

Widest divergence: Growth DCF (0.2800 MYR) versus Earnings-Based (0.0500 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 218M MYR
Revenue growth (YoY) +20.8%
Net margin 4.2%
Return on equity 8.7%
Free cash flow 31.9M MYR FY2025
P/E ratio 64.0
More key figures
Operating margin 6.2%
EPS (TTM) 0.0100 MYR
Dividend yield 1.3%
EPS growth (YoY) +19.9%
Net debt 5.2M MYR FY2020

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 50

Profitability 33
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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

SEG International Bhd, an investment holding company, provides educational and training services in Malaysia. The company offers programs in the areas of medicine, biomedical science, dentistry, pharmacy, optometry and vision sciences, engineering and built environment, business, accounting, law, technology and innovation.

Full company description

SEG International Bhd, an investment holding company, provides educational and training services in Malaysia. The company offers programs in the areas of medicine, biomedical science, dentistry, pharmacy, optometry and vision sciences, engineering and built environment, business, accounting, law, technology and innovation. It also provides professional, commercial, and academic education; property investment, development, and management; academic quality assurance and education consultancy; eye care and optometry related; dental care and training; medical clinic and healthcare; and child education and related services. In addition, the company offers financial planning and financial related courses; business advisory services; solutions and e-community management systems; management consultancy and money lending services; recruitment and other related services; premises rental services; software development and provision of web-based learning management system; and educational programs licensing and accreditation programmes, as well as information technology services. Further, the company engages in the operation of institute that provides educational programmes; personal wellness and animal healthcare; traditional chinese medicine services and treatment such as consultation, acupunture, moxibustion, massotherapy, guasa, cupping, and retailing in chinese traditional health supplements patent medicine; network marketing; distribution and retail of traditional Chinese medicine, veterinary, dental, healthcare and healthcare-related products; and provides physiotherapy and rehabilitation services. SEG International Bhd was founded in 1977 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

SEG International Bhd, an investment holding company, reported revenue of 207M MYR in FY2025 versus 223M MYR in FY2021, a compound −1.8%/yr. Reported net income was 8.0M MYR in FY2025, compounding −35.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
207M MYR
Latest YoY
+7.6%
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.
−1.0%
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.
+0.3%
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.
−2.4%
Revenue −1.8%/yr
FY21 223M MYR
FY22 214M MYR
FY23 186M MYR
FY24 193M MYR
FY25 207M MYR
Net income −35.5%/yr
FY21 46.2M MYR
FY22 40.2M MYR
FY23 11.6M MYR
FY24 5.2M MYR
FY25 8.0M MYR

9792 screens 78% overvalued. Compare with New Oriental Education & Technology Group →

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Cite: Fair Value Calculator (2026). "SEG International Bhd, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/9792

Peer Group

Education & Training Services · 148 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 60 · Above median
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 3% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 21% · Top 25%
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/E (TTM) 64.0× · Pricier than 75% of peers
P/B 1.84× · Pricier than median
P/S (TTM) 0.88× · Pricier than median
P/FCF 6.0× · Pricier than median
EV/EBITDA 4.3× · 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 0 · sector 37
FUTURE 100 · sector 24
PAST 35 · sector 18
HEALTH 98 · sector 95
DIVIDEND 25 · sector 66

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 Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDUN 966.48 MXN 897.37 MXN -7%
TAL Education Group TAL $10.24 $15.60 +52%
Laureate Education, Inc LAUR $36.45 $41.45 +14%
Physicswallah Limited PWL ₹131.59 ₹14.81 -89%
Grand Canyon Education, Inc LOPE $149.00 $152.01 +2%
Covista Inc CVSA $116.22 $135.45 +17%
Stride, Inc LRN $83.39 $139.45 +67%
Universal Technical Institute, Inc UTI $40.33 $21.35 -47%
Perdoceo Education Corporation PRDO $31.66 $41.45 +31%
Strategic Education, Inc STRA $84.18 $105.48 +25%

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Frequently asked questions

Is SEG International Bhd, an investment holding company, (9792) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.1400 MYR versus a price of 0.6350 MYR, about −78% (overvalued).
What is the fair value of 9792?
Our model-based fair value for SEG International Bhd, an investment holding company, is 0.1400 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.6350 MYR.
What is the quality score of 9792?
SEG International Bhd, an investment holding company, 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 revenue of SEG International Bhd, an investment holding company, (9792)?
SEG International Bhd, an investment holding company, reported trailing-twelve-month revenue of about 218M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 9792?
The net profit margin of SEG International Bhd, an investment holding company, is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does SEG International Bhd, an investment holding company, pay a dividend?
SEG International Bhd, an investment holding company, currently shows a dividend yield of about 1.23% relative to its recent price (as of Jul 18, 2026).

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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