Bank Islam Malaysia Berhad

KLSE:BIMB Stock Report

Market Cap: RM 6.2b

Bank Islam Malaysia Berhad Valuation

Is BIMB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BIMB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIMB (MYR2.75) is trading below our estimate of fair value (MYR3.21)

Significantly Below Fair Value: BIMB is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BIMB?

Key metric: As BIMB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BIMB. This is calculated by dividing BIMB's market cap by their current earnings.
What is BIMB's PE Ratio?
PE Ratio11x
EarningsRM 565.16m
Market CapRM 6.23b

Price to Earnings Ratio vs Peers

How does BIMB's PE Ratio compare to its peers?

The above table shows the PE ratio for BIMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.7x
AFFIN AFFIN Bank Berhad
16.8x12.5%RM 6.9b
ABMB Alliance Bank Malaysia Berhad
10.8x6.2%RM 7.7b
AMBANK AMMB Holdings Berhad
8.7x2.6%RM 17.4b
HLFG Hong Leong Financial Group Berhad
6.5x6.5%RM 20.9b
BIMB Bank Islam Malaysia Berhad
11x6.8%RM 6.2b

Price-To-Earnings vs Peers: BIMB is expensive based on its Price-To-Earnings Ratio (11x) compared to the peer average (10.7x).

Price to Earnings Ratio vs Industry

How does BIMB's PE Ratio compare vs other companies in the Asian Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BIMB 11.0xIndustry Avg. 8.5xNo. of Companies80PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BIMB is expensive based on its Price-To-Earnings Ratio (11x) compared to the Asian Banks industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is BIMB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BIMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ratio10.1x

Price-To-Earnings vs Fair Ratio: BIMB is expensive based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (10.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BIMB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 2.75
RM 2.79
+1.4%
10.2%RM 3.10RM 2.35n/a7
Nov ’25RM 2.70
RM 2.74
+1.6%
10.4%RM 3.10RM 2.35n/a7
Oct ’25RM 2.74
RM 2.75
+0.2%
9.7%RM 3.10RM 2.35n/a8
Sep ’25RM 2.66
RM 2.73
+2.7%
10.5%RM 3.10RM 2.25n/a8
Aug ’25RM 2.49
RM 2.59
+4.2%
8.6%RM 2.88RM 2.25n/a8
Jul ’25RM 2.50
RM 2.58
+3.0%
8.7%RM 2.88RM 2.25n/a8
Jun ’25RM 2.51
RM 2.58
+2.6%
8.7%RM 2.88RM 2.25n/a8
May ’25RM 2.56
RM 2.53
-1.4%
7.8%RM 2.83RM 2.25n/a8
Apr ’25RM 2.49
RM 2.53
+1.4%
7.8%RM 2.83RM 2.25n/a8
Mar ’25RM 2.53
RM 2.43
-3.9%
9.1%RM 2.83RM 2.20n/a8
Feb ’25RM 2.24
RM 2.30
+2.6%
6.2%RM 2.55RM 2.10n/a8
Jan ’25RM 2.21
RM 2.30
+4.0%
6.2%RM 2.55RM 2.10n/a8
Dec ’24RM 2.30
RM 2.30
-0.1%
6.2%RM 2.55RM 2.10n/a8
Nov ’24RM 2.15
RM 2.17
+1.1%
6.5%RM 2.40RM 1.95RM 2.708
Oct ’24RM 2.14
RM 2.19
+2.5%
8.7%RM 2.50RM 1.95RM 2.748
Sep ’24RM 2.06
RM 2.12
+2.9%
14.6%RM 2.50RM 1.46RM 2.668
Aug ’24RM 2.19
RM 2.12
-3.2%
14.7%RM 2.50RM 1.46RM 2.498
Jul ’24RM 1.95
RM 2.11
+8.1%
14.9%RM 2.60RM 1.46RM 2.508
Jun ’24RM 1.81
RM 2.30
+27.0%
14.2%RM 2.99RM 1.95RM 2.518
May ’24RM 2.01
RM 2.57
+28.0%
11.7%RM 3.00RM 2.20RM 2.568
Apr ’24RM 2.15
RM 2.61
+21.5%
10.3%RM 3.00RM 2.30RM 2.498
Mar ’24RM 2.28
RM 2.61
+14.6%
10.4%RM 3.01RM 2.30RM 2.538
Feb ’24RM 2.45
RM 2.72
+11.0%
9.2%RM 3.20RM 2.40RM 2.248
Jan ’24RM 2.73
RM 2.72
-0.4%
9.2%RM 3.20RM 2.40RM 2.218
Dec ’23RM 2.58
RM 2.71
+4.9%
8.4%RM 3.10RM 2.40RM 2.308
Nov ’23RM 2.49
RM 2.77
+11.4%
10.1%RM 3.23RM 2.45RM 2.158

Analyst Forecast: Target price is less than 20% higher than the current share price.

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