DKSH Holdings (Malaysia) Berhad

KLSE:DKSH Stock Report

Market Cap: RM 807.2m

DKSH Holdings (Malaysia) Berhad Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 DKSH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DKSH (MYR5.12) is trading below our estimate of fair value (MYR40.66)

Significantly Below Fair Value: DKSH is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DKSH. This is calculated by dividing DKSH's market cap by their current earnings.
What is DKSH's PE Ratio?
PE Ratio6.9x
EarningsRM 116.96m
Market CapRM 807.21m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DKSH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.8x
HARISON Harrisons Holdings (Malaysia) Berhad
9.9xn/aRM 582.0m
ENGTEX Engtex Group Berhad
31.3x56.3%RM 448.8m
LUXCHEM Luxchem Corporation Berhad
12.2xn/aRM 508.1m
UNITRAD Unitrade Industries Berhad
21.7xn/aRM 342.5m
DKSH DKSH Holdings (Malaysia) Berhad
6.9x8.7%RM 807.2m

Price-To-Earnings vs Peers: DKSH is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (18.8x).

Price to Earnings Ratio vs Industry

How does DKSH's PE Ratio compare vs other companies in the MY Trade Distributors Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
DKSH 6.9xIndustry Avg. 14.6xNo. of Companies4PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DKSH is good value based on its Price-To-Earnings Ratio (6.9x) compared to the MY Trade Distributors industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is DKSH'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.

DKSH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: DKSH is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

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 DKSH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 5.12
RM 5.98
+16.9%
7.7%RM 6.60RM 5.50n/a3
Nov ’25RM 5.28
RM 5.79
+9.7%
3.8%RM 6.03RM 5.50n/a3
Oct ’25RM 5.26
RM 5.79
+10.1%
3.8%RM 6.03RM 5.50n/a3
Sep ’25RM 5.02
RM 5.79
+15.4%
3.8%RM 6.03RM 5.50n/a3
Aug ’25RM 5.10
RM 5.54
+8.6%
7.8%RM 6.14RM 5.15n/a3
Jul ’25RM 5.36
RM 5.54
+3.3%
7.8%RM 6.14RM 5.15n/a3
Jun ’25RM 5.21
RM 5.54
+6.3%
7.8%RM 6.14RM 5.15n/a3
May ’25RM 4.74
RM 5.43
+14.6%
9.3%RM 6.14RM 5.00n/a3
Apr ’25RM 4.72
RM 5.43
+15.0%
9.3%RM 6.14RM 5.00n/a3
Mar ’25RM 4.53
RM 5.43
+19.9%
9.3%RM 6.14RM 5.00n/a3
Feb ’25RM 4.55
RM 5.09
+11.9%
5.9%RM 5.50RM 4.78n/a3
Jan ’25RM 4.58
RM 5.09
+11.2%
5.9%RM 5.50RM 4.78n/a3
Dec ’24RM 4.60
RM 5.09
+10.7%
5.9%RM 5.50RM 4.78n/a3
Nov ’24RM 4.64
RM 5.37
+15.8%
1.8%RM 5.45RM 5.24RM 5.283
Oct ’24RM 4.83
RM 5.37
+11.2%
1.8%RM 5.45RM 5.24RM 5.263
Sep ’24RM 4.80
RM 5.37
+11.9%
1.8%RM 5.45RM 5.24RM 5.023
Aug ’24RM 5.03
RM 5.35
+6.3%
2.0%RM 5.45RM 5.24RM 5.102
Jul ’24RM 5.01
RM 5.35
+6.7%
2.0%RM 5.45RM 5.24RM 5.362
Jun ’24RM 5.22
RM 5.35
+2.4%
2.0%RM 5.45RM 5.24RM 5.212
May ’24RM 5.01
RM 4.71
-5.9%
4.7%RM 5.00RM 4.46RM 4.743
Apr ’24RM 4.70
RM 4.71
+0.3%
4.7%RM 5.00RM 4.46RM 4.723
Mar ’24RM 4.88
RM 4.71
-3.4%
4.7%RM 5.00RM 4.46RM 4.533
Feb ’24RM 4.56
RM 4.47
-2.0%
14.6%RM 5.25RM 3.65RM 4.553
Jan ’24RM 4.45
RM 4.47
+0.4%
14.6%RM 5.25RM 3.65RM 4.583
Dec ’23RM 4.46
RM 4.47
+0.1%
14.6%RM 5.25RM 3.65RM 4.603
Nov ’23RM 4.42
RM 5.08
+14.9%
10.1%RM 5.60RM 4.38RM 4.643

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

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