9822 Fair Value & Analysis
Industrials · MY · Market cap 3.2B MYR
Fair value as of: Jul 17, 2026
From 17 valuation models · updated 23 days ago
Fair value updated Jul 17, 2026, revised from 1.12 MYR to 2.02 MYR (+80.0%) since Jul 12, 2026. Share price −11.4% over the past month.
Below-average quality, and screening another 53% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (2.52 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range 1.49 MYR – 6.64 MYR · fair‑value band 1.51 MYR – 2.52 MYR · the 4.25 MYR price screens above the 2.02 MYR fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
9822 (9822) currently trades at 4.25 MYR, while our model-based Fair Value estimate is 2.02 MYR, implying the stock looks roughly 52.6% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials 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, 9822 generated revenue of 1.5B MYR at a net margin of 4.5%. Revenue declined 11.5% year over year. It earns a return on equity of 4.7%. Net debt stands at 255M MYR. Fundamentals as of Jul 17, 2026
Our scenario range runs from 1.51 MYR (bear case) to 2.52 MYR (bull case); at 4.25 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 16% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at -53%, 9822 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.
All 17 models by family
Widest divergence: Asset-Based (1.31 MYR) versus Dividend Discount (0.4200 MYR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 58
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
SAM Engineering & Equipment (M) Berhad, an investment holding company, engages in the aerospace and equipment manufacturing businesses in Malaysia, rest of Asia, North and Latin America, and Europe. The company operates in two segments, Aerospace and Equipment.
Full company description
SAM Engineering & Equipment (M) Berhad, an investment holding company, engages in the aerospace and equipment manufacturing businesses in Malaysia, rest of Asia, North and Latin America, and Europe. The company operates in two segments, Aerospace and Equipment. The Aerospace segment provides manufacturing solutions on critical engine parts and other related equipment parts. The Equipment segment offers various equipment engineering and solutions for commercial, semiconductor and other industries. It also designs, manufactures, and assembles modular or complete machines and equipment; designs, develops, and manufactures trims and form dies, and suspension tooling for hard disk drive parts; designs and assembles automation equipment with equipment control software; produces and develops computer process control system; and manufactures aircraft and other related equipment parts, spares, components and precision engineering parts. In addition, it manufactures dies, jigs, parts, and cutting tools for the disk drive, electronics, and semiconductors; and fabricates precision tools and machinery parts. The company was formerly known as LKT Industrial Berhad and changed its name to SAM Engineering & Equipment (M) Berhad in September 2010. The company was incorporated in 1994 and is headquartered in Penang, Malaysia. SAM Engineering & Equipment (M) Berhad is a subsidiary of Singapore Aerospace Manufacturing Pte. Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
9822 reported revenue of 1.4B MYR in FY2026 versus 1.1B MYR in FY2022, a compound +5.8%/yr. Reported net income was 44.7M MYR in FY2026, compounding −12.2%/yr from FY2022.
9822 screens 53% overvalued. Compare with General Electric Company →
Peer Group
Industrials · 5353 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace & Defense” was too small, so the broader sector is used.)
Valuation Multiples vs Industrials median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| General Electric Company GE | $381.22 | $116.71 | -69% |
| RTX Corporation RTX | $195.93 | $88.37 | -55% |
| Airbus SE 1AIR | €213.25 | €86.20 | -60% |
| The Boeing Company BA | $217.11 | $48.20 | -78% |
| China CSSC Holdings 600150 | ¥34.31 | ¥21.90 | -36% |
| HD Hyundai Heavy Industries Co 329180 | 466,000 KRW | 272,966 KRW | -41% |
| Hanwha Aerospace Co 012450 | 967,000 KRW | 573,468 KRW | -41% |
| ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS | 337.50 TRY | 130.70 TRY | -61% |
| Saab AB SAABB | kr 520.40 | kr 212.84 | -59% |
| Kongsberg Gruppen ASA KOG | kr 277.50 | kr 106.93 | -61% |
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Frequently asked questions
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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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