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Sam Engineering Equipment (9822) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Sam Engineering Equipment MYR 2.02, price MYR 4.09, upside -50.7%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · MY · ISIN MYL9822OO007

SE Some data Sep 23, 2026

Sam Engineering Equipment

9822 · KLSE

Weakest SetupStrongly overvalued and low quality.

!Fair value 2.02 MYR · Strongly overvalued (−51%)
!Quality 39/100
!Expensive Growth (revenue 5y +10.5 %/yr)
!Thin margins · 3.1% net margin (TTM)
!Low debt · negative free cash flow
·0.34% dividend yield
!Trails peers (4/14)
!Narrow moat 32/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 13 out of 100
!Weak on dividend: 7 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

6.64 MYR 1.49 MYR Fair Value 2.02 MYR May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range 1.49 MYR – 6.64 MYR · fair‑value band 1.51 MYR – 2.09 MYR · the 4.09 MYR price screens above the 2.02 MYR fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

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.

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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.

Stock analysis

Sam Engineering Equipment (9822) currently trades at 4.09 MYR, while our model-based Fair Value estimate is 2.02 MYR, implying the stock looks roughly 102.9% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 1.31 MYR per share, and 0 of the 17 models we run sit above the 4.09 MYR price.

Bear case: the Dividend Discount group reads lowest at 0.4200 MYR, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Scenario range: 1.51 MYR (bear) to 2.09 MYR (bull), the price of 4.09 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 39/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Sam Engineering Equipment 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.

Key figures

Market cap 3.2B MYR (≈ $792M) · P/E ratio 58.4 · P/S ratio 1.81 · EPS (TTM) 0.0700 MYR · Dividend yield 0.3% · Net margin 3.1% · Return on equity 3.3% · Return on assets (EBIT) 6.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 21% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −51%, 9822 screens richer than that median.

Fair Value models

Bear 1.51 MYR Fair Value 2.02 MYR Bull 2.09 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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (0.0272 MYR per share) are deliberately not added. 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.
Highest evidence
Residual Income 1.41 MYR 1.38 MYR 1.18 MYR 76
Owner Earnings 0.8000 MYR 1.28 MYR 1.99 MYR 75
EPV 0.4300 MYR 0.5000 MYR 0.5700 MYR 74
All 17 models by family
DCF Models
Owner Earnings 0.8000 MYR 1.28 MYR 1.99 MYR 75
Earnings-Based
Graham-Dodd 0.4500 MYR 1.54 MYR 2.07 MYR 64
Lynch FV 0.3600 MYR 0.5100 MYR 0.6600 MYR 61
PEG = 1.0 0.3600 MYR 0.5100 MYR 0.6600 MYR 57
EPV 0.4300 MYR 0.5000 MYR 0.5700 MYR 74
Dividend Discount
Gordon GGM 0.2500 MYR 0.4900 MYR 0.7400 MYR 67
DDM Multi-Stage 0.2500 MYR 0.4200 MYR 0.5200 MYR 67
Multiples
P/E Multiple 1.04 MYR 1.39 MYR 1.73 MYR 63
P/S Multiple 0.8400 MYR 1.12 MYR 1.40 MYR 58
P/B Multiple 0.8400 MYR 1.12 MYR 1.40 MYR 55
EV/EBIT 0.9800 MYR 1.32 MYR 1.66 MYR 66
EV/EBITDA 2.20 MYR 2.94 MYR 3.69 MYR 67
EV/Revenue 0.6900 MYR 1.00 MYR 1.31 MYR 53
Asset-Based
NCAV (Graham) 0.9800 MYR 1.31 MYR 1.96 MYR 54
Economic Profit
Residual Income 1.41 MYR 1.38 MYR 1.18 MYR 76
ROIC Compounder 0.4300 MYR 0.5000 MYR 0.5700 MYR 72
Growth Earnings
Growth-Adj P/E 0.8900 MYR 1.27 MYR 1.66 MYR 67

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Quality Score breakdown

Overall quality 39/100

Of which business quality 41 · Market factors (momentum, volatility) 53

Profitability 29
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 40
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.7%
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.
−0.1%
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.
+10.5%
Start year 2021 (pandemic). Over 10 years: +8.8% a year
Revenue growth 13 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.
+10.7%
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. 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.
−13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.6%
Dividend (yield on the price)0.3%
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.−14% vs −3%, slowing
Profit margin 2021 to 2026 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.10% → 4%
Start year 2021 (pandemic)

9822 screens 103% overvalued. Compare with General Electric Company →

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Peer GroupHow 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.)Industrials · 5516 stocks

Beats the sector median on 4/14 measures
Overall it trails its sector peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside −51% · Below median
Profitability
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Below median
Growth and dividend
Revenue growth −6% · Below median
Dividend yield (TTM) 0.3% · Bottom 25%
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Industrials median · lower = cheaper

P/E (TTM) 58.4× · Priciest 25%
P/B 0.60× · Cheapest 25%
P/S (TTM) 0.55× · Cheaper than median
EV/EBITDA 4.9× · Cheapest 25%
PEG 9.40× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 18
FUTURE (revenue growth)0 · sector 24
PAST (return on equity)13 · sector 27
HEALTH (low debt)98 · sector 93
DIVIDEND (yield)7 · sector 35

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

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

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Northrop Grumman Corporation NOC $509.86 $383.06 −25%
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Cite: Fair Value Calculator (2026). "Sam Engineering Equipment Fair Value". https://www.fairvalue-calculator.com/stock/9822

Frequently asked questions

Is Sam Engineering Equipment (9822) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 2.02 MYR versus a price of 4.09 MYR, about −51% upside (overvalued).
What is the fair value of 9822?
Our model-based fair value for Sam Engineering Equipment is 2.02 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 4.09 MYR.
What is the quality score of 9822?
Sam Engineering Equipment 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 price target for Sam Engineering Equipment (9822)?
Our model-based price target is the fair value of 2.02 MYR (as of Sep 23, 2026) from 17 valuation models. Cautious scenario 1.51 MYR, optimistic scenario 2.09 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sam Engineering Equipment stock forecast for 2026?
Our models put fair value at 2.02 MYR, about −51% upside versus a price of 4.09 MYR (overvalued). Cautious scenario 1.51 MYR, optimistic scenario 2.09 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Sam Engineering Equipment (9822)?
Sam Engineering Equipment reported trailing-twelve-month revenue of about 1.5B MYR (latest available figure, as of Sep 23, 2026).
Does Sam Engineering Equipment pay a dividend?
Sam Engineering Equipment currently shows a dividend yield of about 0.34% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Sam Engineering Equipment (9822)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sam Engineering Equipment it is 2.02 MYR per share (as of Sep 23, 2026), against a price of 4.09 MYR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Sam Engineering Equipment stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 9822 trades above its calculated fair value: price 4.09 MYR, fair value 2.02 MYR, a gap of about −51% (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 9822?
No. The price is what the market pays today (4.09 MYR); the fair value is what the company's own numbers justify (2.02 MYR). For Sam Engineering Equipment the two are 2.07 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sam Engineering Equipment worth?
The market values Sam Engineering Equipment at about 3.2B MYR (market capitalisation, as of Sep 23, 2026). Per share that is 4.09 MYR; our models calculate a fair value of 2.02 MYR per share.
What do the bullish and bearish scenarios say about 9822?
Our models span a range for Sam Engineering Equipment: cautious scenario 1.51 MYR, base 2.02 MYR, optimistic 2.09 MYR per share (as of Sep 23, 2026, price 4.09 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9822?
Sam Engineering Equipment trades at a price-to-earnings ratio of 58.4 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.02 MYR is built from several models across several years. Other multiples: PEG 9.4, P/B 0.6, P/S 0.6, EV/EBITDA 4.9.
What is the PEG ratio of 9822?
The PEG ratio of Sam Engineering Equipment is 9.40 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sam Engineering Equipment (9822)?
Balance-sheet figures for Sam Engineering Equipment (as of Sep 23, 2026): return on equity 3.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 9822 from its 52-week high?
Sam Engineering Equipment trades at 4.09 MYR, about 21% below its 52-week high of 5.17 MYR and 33% above the low of 3.08 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2.02 MYR is for.
Which stocks are comparable to Sam Engineering Equipment?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 Sam Engineering Equipment stock attractive at the current price?
The data as of Sep 23, 2026: price 4.09 MYR, calculated fair value 2.02 MYR (−51%), Quality Score 39/100, from 17 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 9822 calculated?
We run Sam Engineering Equipment through 17 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 2.02 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 14.1 % above its aggregate fair value. Sam Engineering Equipment 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 Sam Engineering Equipment (9822)?
The closing price on Sep 23, 2026 was 4.09 MYR. Our model-based fair value is 2.02 MYR, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sam Engineering Equipment right now?
The price sits above even our optimistic bull case (2.09 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.

Key figures of Sam Engineering Equipment

How large is the market capitalisation of Sam Engineering Equipment (9822)?
The market capitalisation of Sam Engineering Equipment is 3.2B MYR (≈ $792M). 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 Sam Engineering Equipment (9822)?
The price-to-sales ratio of Sam Engineering Equipment is 1.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sam Engineering Equipment (9822)?
Earnings per share at Sam Engineering Equipment are 0.0700 MYR (price ÷ EPS = P/E 58.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sam Engineering Equipment (9822)?
The dividend yield of Sam Engineering Equipment is 0.3% (payout 20.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sam Engineering Equipment (9822)?
The net margin of Sam Engineering Equipment is 3.1% (fiscal year 2026). 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 Sam Engineering Equipment (9822)?
The return on equity (ROE) of Sam Engineering Equipment is 3.3% (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 Sam Engineering Equipment (9822)?
On an EBIT basis the return on assets of Sam Engineering Equipment is 6.8% (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 Sam Engineering Equipment (9822)?
The operating margin of Sam Engineering Equipment is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sam Engineering Equipment (9822)?
Revenue at Sam Engineering Equipment is growing −6.0% versus a year earlier (3y avg −0.1%). 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 Sam Engineering Equipment (9822)?
Earnings per share at Sam Engineering Equipment are growing −79.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sam Engineering Equipment (9822) generate?
The free cash flow of Sam Engineering Equipment is −16.9M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sam Engineering Equipment (9822) carry?
The net debt of Sam Engineering Equipment is 255M MYR (fiscal year 2026). 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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