Genting Berhad Valuation

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

GENTING (MYR3.77) is trading below our estimate of [[fair value]] (MYR8.26)

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

Below Fair Value: GENTING (MYR3.77) is trading below our estimate of fair value (MYR8.26)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GENTING. This is calculated by dividing GENTING's market cap by their current earnings.
What is GENTING's PE Ratio?
PE Ratio	9.7x
Earnings	RM 1.50b
Market Cap	RM 14.52b

GENTING key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.8x
Enterprise Value/EBITDA	5.5x
PEG Ratio	0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GENTING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15.9x
GENM Genting Malaysia Berhad	21.6x	27.5%	RM 12.0b
SPTOTO Sports Toto Berhad	9.7x	4.0%	RM 2.1b
MAGNUM Magnum Berhad	12.9x	7.1%	RM 1.8b
RGB RGB International Bhd	19.4x	61.9%	RM 570.1m
GENTING Genting Berhad	9.7x	14.8%	RM 14.5b

Price-To-Earnings vs Peers: GENTING is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

How does GENTING's PE Ratio compare vs other companies in the Asian Hospitality Industry?

24 Companies	Price / Earnings	Estimated Growth	Market Cap

24 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GENTING is good value based on its Price-To-Earnings Ratio (9.7x) compared to the Asian Hospitality industry average (20.9x).

Price to Earnings Ratio vs Fair Ratio

What is GENTING'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.

GENTING PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.7x
Fair PE Ratio	17x

Price-To-Earnings vs Fair Ratio: GENTING is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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 GENTING forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	RM 3.77	RM 5.75 +52.4%	15.6%	RM 7.83	RM 4.30	n/a	12
Nov ’25	RM 3.94	RM 5.75 +45.9%	15.6%	RM 7.83	RM 4.30	n/a	12
Oct ’25	RM 4.26	RM 5.75 +34.9%	15.6%	RM 7.83	RM 4.30	n/a	12
Sep ’25	RM 4.32	RM 5.75 +33.0%	15.6%	RM 7.83	RM 4.30	n/a	12
Aug ’25	RM 4.64	RM 5.97 +28.7%	13.7%	RM 7.60	RM 4.30	n/a	11
Jul ’25	RM 4.68	RM 5.90 +26.1%	13.1%	RM 7.60	RM 4.30	n/a	13
Jun ’25	RM 4.76	RM 5.90 +23.9%	13.1%	RM 7.60	RM 4.30	n/a	13
May ’25	RM 4.52	RM 5.79 +28.0%	12.0%	RM 7.12	RM 4.30	n/a	13
Apr ’25	RM 4.74	RM 5.79 +22.1%	12.0%	RM 7.12	RM 4.30	n/a	13
Mar ’25	RM 4.67	RM 5.75 +23.1%	11.7%	RM 7.12	RM 4.30	n/a	13
Feb ’25	RM 4.72	RM 5.70 +20.8%	11.8%	RM 6.96	RM 4.30	n/a	13
Jan ’25	RM 4.62	RM 5.67 +22.8%	11.9%	RM 6.96	RM 4.30	n/a	13
Dec ’24	RM 4.66	RM 5.68 +21.8%	13.0%	RM 6.96	RM 4.30	n/a	14
Nov ’24	RM 4.03	RM 5.66 +40.5%	13.1%	RM 6.95	RM 4.30	RM 3.94	14
Oct ’24	RM 4.17	RM 5.67 +35.9%	13.1%	RM 6.95	RM 4.30	RM 4.26	14
Sep ’24	RM 4.38	RM 5.73 +30.8%	13.1%	RM 6.95	RM 4.30	RM 4.32	15
Aug ’24	RM 4.23	RM 5.76 +36.3%	13.4%	RM 7.35	RM 4.30	RM 4.64	15
Jul ’24	RM 4.06	RM 5.78 +42.4%	13.2%	RM 7.35	RM 4.30	RM 4.68	15
Jun ’24	RM 4.15	RM 5.80 +39.8%	12.6%	RM 7.35	RM 4.50	RM 4.76	15
May ’24	RM 4.70	RM 5.92 +25.9%	12.6%	RM 7.35	RM 4.60	RM 4.52	15
Apr ’24	RM 4.66	RM 5.92 +27.0%	12.6%	RM 7.35	RM 4.60	RM 4.74	15
Mar ’24	RM 4.74	RM 5.88 +24.0%	12.9%	RM 7.35	RM 4.60	RM 4.67	15
Feb ’24	RM 4.95	RM 5.82 +17.5%	12.4%	RM 7.35	RM 4.60	RM 4.72	15
Jan ’24	RM 4.48	RM 5.89 +31.5%	12.9%	RM 7.35	RM 4.60	RM 4.62	16
Dec ’23	RM 4.44	RM 5.90 +32.8%	12.8%	RM 7.35	RM 4.60	RM 4.66	16
Nov ’23	RM 4.41	RM 5.99 +35.9%	12.9%	RM 7.20	RM 4.60	RM 4.03	16

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.