Founder Group Limited (FGL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Founder Group Limited $0.78, price $4.41, upside -82.3%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
23‑month range $4.07 – $43,000 · fair‑value band $0.5185 – $0.9775 · the $4.41 price screens above the $0.7820 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Founder Group Limited provides engineering, procurement, construction, and commissioning solutions (EPCC) for solar projects and commercial and industrial solar projects in Malaysia. It operates through the Large-scale solar, and Commercial & Industrial segments.
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Founder Group Limited provides engineering, procurement, construction, and commissioning solutions (EPCC) for solar projects and commercial and industrial solar projects in Malaysia. It operates through the Large-scale solar, and Commercial & Industrial segments. The company offers engineering and design services for solar PV array, including inverters, transformers, and interconnection to the power grid; procurement of construction materials and equipment for the solar PV facilities, including solar PV modules and balance of systems; and construction services, including civil, structural, mechanical, and electrical works, installation, integration of equipment, and interconnection to the power grid. It also provides commissioning, including testing of equipment and systems and testing of the installed solar PV facilities. In addition, the company engages in the installation, testing, and commissioning of PV modules, inverters, DC cables, and related works; supply of PV mounting structures; piling work; and operation and maintenance services. Founder Group Limited was founded in 2021 and is based in Klang, Malaysia.
Stock analysis
Founder Group Limited Ordinary Shares (FGL) currently trades at $4.41, while our model-based Fair Value estimate is $0.7820, implying the stock looks roughly 464.0% overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: $0.5185 (bear) to $0.9775 (bull), the price of $4.41 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 24/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Founder Group Limited Ordinary Shares reported revenue of 121M MYR in FY2025 versus 25.2M MYR in FY2021, a compound +48.0%/yr. Reported net income was −7.8M MYR in FY2025.
Key figures
Market cap $51.2K · EPS (TTM) $−6.67 · Net margin −6.4% · Return on equity −32.8% · Return on assets (EBIT) 9.3% · Operating margin −2.5% · Revenue (TTM) 121M MYR · Revenue growth (YoY) +8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 100% below its 52-week high and 8% above its 52-week low.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −82%, FGL screens richer than that median.
Fair Value models
Bear $0.5185Fair Value $0.7820Bull $0.9775
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+33.6%
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.
+23.9%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
9.4% (2021) → −1.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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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 · 840 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−82% · Bottom 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−6% · Bottom 25%
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth9% · Above median
Balance sheet
Debt / equity0.58× · Highest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)45· sector 11
PAST (return on equity)0· sector 29
HEALTH (low debt)71· sector 94
DIVIDEND (yield)0· sector 40
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). "Founder Group Limited Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/FGL
Frequently asked questions
Is Founder Group Limited (FGL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.7820 versus a price of $4.41, about −82% upside (overvalued).
What is the fair value of FGL?
Our model-based fair value for Founder Group Limited Ordinary Shares is $0.7820 (as of Sep 24, 2026), built from audited fundamentals. The current price: $4.41.
What is the quality score of FGL?
Founder Group Limited Ordinary Shares has a Quality Score of 24/100. 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 Founder Group Limited (FGL)?
Our model-based price target is the fair value of $0.7820 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario $0.5185, optimistic scenario $0.9775. It is a calculation from audited fundamentals, not an analyst target.
What is the Founder Group Limited Ordinary Shares stock forecast for 2026?
Our models put fair value at $0.7820, about −82% upside versus a price of $4.41 (overvalued). Cautious scenario $0.5185, optimistic scenario $0.9775. The calculation is refreshed regularly with new filings.
What is the revenue of Founder Group Limited (FGL)?
Founder Group Limited Ordinary Shares reported trailing-twelve-month revenue of about 121M MYR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Founder Group Limited (FGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Founder Group Limited Ordinary Shares it is $0.7820 per share (as of Sep 24, 2026), against a price of $4.41. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Founder Group Limited Ordinary Shares stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FGL trades above its calculated fair value: price $4.41, fair value $0.7820, a gap of about −82% (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 FGL?
No. The price is what the market pays today ($4.41); the fair value is what the company's own numbers justify ($0.7820). For Founder Group Limited Ordinary Shares the two are $3.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Founder Group Limited Ordinary Shares worth?
The market values Founder Group Limited Ordinary Shares at about $51.2K (market capitalisation, as of Sep 24, 2026). Per share that is $4.41; our models calculate a fair value of $0.7820 per share.
What do the bullish and bearish scenarios say about FGL?
Our models span a range for Founder Group Limited Ordinary Shares: cautious scenario $0.5185, base $0.7820, optimistic $0.9775 per share (as of Sep 24, 2026, price $4.41). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Founder Group Limited (FGL)?
Balance-sheet figures for Founder Group Limited Ordinary Shares (as of Sep 24, 2026): return on equity −32.8%, debt of 0.58 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is FGL from its 52-week high?
Founder Group Limited Ordinary Shares trades at $4.41, about 100% below its 52-week high of $10,800 and 8% above the low of $4.07 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $0.7820 is for.
Which stocks are comparable to Founder Group Limited Ordinary Shares?
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 Founder Group Limited Ordinary Shares stock attractive at the current price?
The data as of Sep 24, 2026: price $4.41, calculated fair value $0.7820 (−82%), Quality Score 24/100, from 2 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 FGL calculated?
We run Founder Group Limited Ordinary Shares through 2 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 $0.7820, 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 14.0 % above its aggregate fair value. Founder Group Limited Ordinary Shares 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 Founder Group Limited (FGL)?
The closing price on Sep 24, 2026 was $4.41. Our model-based fair value is $0.7820, about −82% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Founder Group Limited Ordinary Shares right now?
The price sits above even our optimistic bull case ($0.9775). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.5185 to $0.9775) leaves room in how you read the outcome.
Key figures of Founder Group Limited Ordinary Shares
How large is the market capitalisation of Founder Group Limited (FGL)?
The market capitalisation of Founder Group Limited Ordinary Shares is $51.2K. 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 are the earnings per share of Founder Group Limited (FGL)?
Earnings per share at Founder Group Limited Ordinary Shares are $−6.67. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Founder Group Limited (FGL)?
The net margin of Founder Group Limited Ordinary Shares is −6.4% (fiscal year 2025). 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 Founder Group Limited (FGL)?
The return on equity (ROE) of Founder Group Limited Ordinary Shares is −32.8% (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 Founder Group Limited (FGL)?
On an EBIT basis the return on assets of Founder Group Limited Ordinary Shares is 9.3% (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 Founder Group Limited (FGL)?
The operating margin of Founder Group Limited Ordinary Shares is −2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Founder Group Limited (FGL)?
Revenue at Founder Group Limited Ordinary Shares is growing +8.9% versus a year earlier (3y avg +23.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Founder Group Limited (FGL) generate?
The free cash flow of Founder Group Limited Ordinary Shares is −41.9M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Founder Group Limited (FGL) carry?
The net debt of Founder Group Limited Ordinary Shares is 48.0M MYR (fiscal year 2025). 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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Thin data
Sep 24, 2026