Bumi Armada Berhad

KLSE:ARMADA Stock Report

Market Cap: RM 4.0b

Bumi Armada Berhad Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Discounted Cash Flow
Simply Wall St
RM 0.63
Fair Value
7.4% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: ARMADA (MYR0.68) is trading above our estimate of fair value (MYR0.63)

Significantly Below Fair Value: ARMADA is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ARMADA. This is calculated by dividing ARMADA's market cap by their current earnings.
What is ARMADA's PE Ratio?
PE Ratio7.2x
EarningsRM 552.34m
Market CapRM 4.00b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ARMADA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.8x
DAYANG Dayang Enterprise Holdings Bhd
6.2x-9.7%RM 2.4b
DIALOG Dialog Group Berhad
18.1x5.9%RM 10.7b
YINSON Yinson Holdings Berhad
9.7x15.5%RM 7.4b
KEYFIELD Keyfield International Berhad
9.3x12.3%RM 1.9b
ARMADA Bumi Armada Berhad
7.2x2.6%RM 4.0b

Price-To-Earnings vs Peers: ARMADA is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

How does ARMADA's PE Ratio compare vs other companies in the MY Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BARAKAH Barakah Offshore Petroleum Berhad
1.5xn/aUS$11.13m
ALAM Alam Maritim Resources Berhad
1.5xn/aUS$10.20m
SCOMIES Scomi Energy Services Bhd
0.09xn/aUS$494.50k
No more companies available in this PE range
ARMADA 7.2xIndustry Avg. 15.6xNo. of Companies3PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ARMADA is good value based on its Price-To-Earnings Ratio (7.2x) compared to the Asian Energy Services industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is ARMADA'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.

ARMADA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ratio8x

Price-To-Earnings vs Fair Ratio: ARMADA is good value based on its Price-To-Earnings Ratio (7.2x) compared to the estimated Fair Price-To-Earnings Ratio (8x).

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 ARMADA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.68
RM 0.71
+5.9%
12.9%RM 0.88RM 0.58n/a11
Jan ’26RM 0.66
RM 0.71
+9.1%
12.9%RM 0.88RM 0.58n/a11
Dec ’25RM 0.57
RM 0.71
+25.4%
12.9%RM 0.88RM 0.58n/a11
Nov ’25RM 0.50
RM 0.70
+39.3%
14.5%RM 0.85RM 0.55n/a11
Oct ’25RM 0.47
RM 0.70
+46.6%
14.5%RM 0.85RM 0.55n/a11
Sep ’25RM 0.54
RM 0.69
+29.4%
14.0%RM 0.85RM 0.55n/a12
Aug ’25RM 0.55
RM 0.68
+25.2%
13.5%RM 0.84RM 0.50n/a12
Jul ’25RM 0.56
RM 0.69
+22.4%
12.9%RM 0.84RM 0.50n/a12
Jun ’25RM 0.57
RM 0.69
+20.3%
12.9%RM 0.84RM 0.50n/a12
May ’25RM 0.59
RM 0.66
+11.4%
12.2%RM 0.75RM 0.50n/a12
Apr ’25RM 0.58
RM 0.66
+13.4%
12.2%RM 0.75RM 0.50n/a12
Mar ’25RM 0.54
RM 0.65
+21.1%
12.0%RM 0.75RM 0.50n/a12
Feb ’25RM 0.56
RM 0.64
+14.7%
15.4%RM 0.75RM 0.38n/a13
Jan ’25RM 0.49
RM 0.64
+29.8%
15.4%RM 0.75RM 0.38RM 0.6613
Dec ’24RM 0.51
RM 0.64
+25.9%
15.4%RM 0.75RM 0.38RM 0.5713
Nov ’24RM 0.54
RM 0.64
+18.9%
17.3%RM 0.75RM 0.38RM 0.5013
Oct ’24RM 0.56
RM 0.62
+10.1%
17.0%RM 0.75RM 0.38RM 0.4713
Sep ’24RM 0.53
RM 0.61
+16.0%
17.1%RM 0.75RM 0.38RM 0.5413
Aug ’24RM 0.53
RM 0.63
+19.0%
21.5%RM 0.83RM 0.38RM 0.5513
Jul ’24RM 0.47
RM 0.63
+33.1%
20.1%RM 0.83RM 0.38RM 0.5613
Jun ’24RM 0.63
RM 0.74
+18.3%
16.9%RM 0.87RM 0.44RM 0.5713
May ’24RM 0.67
RM 0.71
+6.5%
16.0%RM 0.87RM 0.44RM 0.5913
Apr ’24RM 0.63
RM 0.71
+13.3%
16.0%RM 0.87RM 0.44RM 0.5813
Mar ’24RM 0.62
RM 0.71
+15.1%
16.0%RM 0.87RM 0.44RM 0.5413
Feb ’24RM 0.57
RM 0.67
+15.7%
17.7%RM 0.88RM 0.44RM 0.5613
Jan ’24RM 0.48
RM 0.67
+38.6%
17.7%RM 0.88RM 0.44RM 0.4913
Analyst Price Target
Consensus Narrative from 11 Analysts
RM 0.71
Fair Value
5.5% undervalued intrinsic discount
11
Number of Analysts

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 Analysis2025/01/19 22:32
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Bumi Armada Berhad is covered by 29 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Muhammad Afif Bin ZulkapllyAffin Hwang Investment Bank
Khir GohAmInvestment Bank Berhad
Wee ChongBofA Global Research