Gamuda Berhad

KLSE:GAMUDA Stock Report

Market Cap: RM 26.1b

Gamuda Berhad Valuation

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

Below Fair Value: GAMUDA (MYR4.62) is trading below our estimate of fair value (MYR4.71)

Significantly Below Fair Value: GAMUDA 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 GAMUDA?

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

The above table shows the Price to Earnings ratio for GAMUDA. This is calculated by dividing GAMUDA's market cap by their current earnings.
What is GAMUDA's PE Ratio?
PE Ratio28.3x
EarningsRM 922.48m
Market CapRM 26.07b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GAMUDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23x
IJM IJM Corporation Berhad
17.8x7.6%RM 10.1b
SUNCON Sunway Construction Group Berhad
35.6x26.6%RM 5.9b
KGB Kelington Group Berhad
20.3x15.8%RM 2.5b
KERJAYA Kerjaya Prospek Group Berhad
18.2x17.6%RM 2.8b
GAMUDA Gamuda Berhad
28.3x19.6%RM 26.1b

Price-To-Earnings vs Peers: GAMUDA is expensive based on its Price-To-Earnings Ratio (28.3x) compared to the peer average (23x).

Price to Earnings Ratio vs Industry

How does GAMUDA's PE Ratio compare vs other companies in the MY Construction Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AZRB Ahmad Zaki Resources Berhad
1.1xn/aUS$32.16m
ZELAN Zelan Berhad
1.2xn/aUS$8.47m
No more companies available in this PE range
GAMUDA 28.3xIndustry Avg. 18.3xNo. of Companies7PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GAMUDA is expensive based on its Price-To-Earnings Ratio (28.3x) compared to the MY Construction industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is GAMUDA'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.

GAMUDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.3x
Fair PE Ratio27.2x

Price-To-Earnings vs Fair Ratio: GAMUDA is expensive based on its Price-To-Earnings Ratio (28.3x) compared to the estimated Fair Price-To-Earnings Ratio (27.2x).

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 GAMUDA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 4.62
RM 5.19
+12.4%
15.0%RM 6.16RM 3.20n/a18
Dec ’25RM 4.45
RM 4.67
+4.9%
14.0%RM 5.49RM 3.20n/a18
Nov ’25RM 4.24
RM 4.60
+8.6%
13.5%RM 5.49RM 3.20n/a18
Oct ’25RM 3.96
RM 4.42
+11.5%
12.0%RM 5.19RM 3.20n/a17
Sep ’25RM 3.75
RM 4.05
+7.9%
15.1%RM 4.97RM 3.00n/a16
Aug ’25RM 3.92
RM 4.05
+3.2%
15.1%RM 4.97RM 3.00n/a16
Jul ’25RM 3.30
RM 3.52
+6.7%
12.5%RM 4.07RM 2.08n/a17
Jun ’25RM 3.04
RM 3.24
+6.8%
11.5%RM 3.75RM 2.08n/a17
May ’25RM 2.66
RM 2.97
+11.7%
8.5%RM 3.27RM 2.08n/a18
Apr ’25RM 2.62
RM 2.95
+12.6%
8.6%RM 3.27RM 2.08n/a18
Mar ’25RM 2.49
RM 2.78
+11.8%
11.3%RM 3.37RM 1.93n/a18
Feb ’25RM 2.53
RM 2.75
+8.7%
10.9%RM 3.37RM 1.93n/a18
Jan ’25RM 2.30
RM 2.69
+17.2%
10.1%RM 3.37RM 1.93n/a18
Dec ’24RM 2.24
RM 2.66
+18.8%
10.2%RM 3.37RM 1.93RM 4.4518
Nov ’24RM 2.30
RM 2.59
+12.6%
7.4%RM 2.83RM 1.95RM 4.2418
Oct ’24RM 2.22
RM 2.50
+12.7%
12.8%RM 2.83RM 1.45RM 3.9618
Sep ’24RM 2.23
RM 2.44
+9.7%
12.2%RM 2.79RM 1.45RM 3.7519
Aug ’24RM 2.17
RM 2.44
+12.5%
12.2%RM 2.79RM 1.45RM 3.9219
Jul ’24RM 2.20
RM 2.45
+11.2%
11.2%RM 2.79RM 1.45RM 3.3019
Jun ’24RM 2.13
RM 2.34
+9.7%
11.3%RM 2.79RM 1.45RM 3.0419
May ’24RM 2.08
RM 2.31
+11.5%
10.4%RM 2.58RM 1.45RM 2.6619
Apr ’24RM 2.04
RM 2.30
+12.9%
10.6%RM 2.58RM 1.45RM 2.6218
Mar ’24RM 2.12
RM 2.22
+4.9%
11.6%RM 2.58RM 1.45RM 2.4919
Feb ’24RM 1.96
RM 2.13
+8.5%
11.3%RM 2.58RM 1.45RM 2.5318
Jan ’24RM 1.88
RM 2.13
+13.5%
11.3%RM 2.58RM 1.45RM 2.3018
Dec ’23RM 1.98
RM 2.21
+12.1%
11.3%RM 2.58RM 1.45RM 2.2417

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 18:14
End of Day Share Price 2024/12/24 00:00
Earnings2024/10/31
Annual Earnings2024/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gamuda Berhad is covered by 48 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chee Wei LoongAffin Hwang Investment Bank
Ping GohAlliance Research Sdn. Bhd.
Sheng Cheong SooAmInvestment Bank Berhad