Kuala Lumpur Kepong Berhad Valuation

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

KLK (MYR21.08) is trading above our estimate of [[fair value]] (MYR18.66)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: KLK (MYR21.08) is trading above our estimate of fair value (MYR18.66)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for KLK. This is calculated by dividing KLK's market cap by their current preferred multiple.
What is KLK's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	RM 23.16b

KLK 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	1.5x
Enterprise Value/EBITDA	14x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KLK 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	19.7x
SDG SD Guthrie Berhad	15.3x	-9.7%	RM 30.8b
IOICORP IOI Corporation Berhad	29.4x	17.4%	RM 23.5b
UTDPLT United Plantations Berhad	14.4x	-0.6%	RM 11.0b
GENP Genting Plantations Berhad	19.8x	9.5%	RM 5.1b
KLK Kuala Lumpur Kepong Berhad	42.5x	27.6%	RM 23.2b

Price-To-Earnings vs Peers: KLK is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the peer average (19.7x).

Price to Earnings Ratio vs Industry

How does KLK's PE Ratio compare vs other companies in the MY Food Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	9.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: KLK is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the MY Food industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is KLK'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.

KLK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.5x
Fair PE Ratio	35.8x

Price-To-Earnings vs Fair Ratio: KLK is expensive based on its Price-To-Earnings Ratio (42.5x) compared to the estimated Fair Price-To-Earnings Ratio (35.8x).

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 KLK 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 21.08	RM 22.94 +8.8%	7.1%	RM 25.30	RM 19.57	n/a	18
Jul ’25	RM 20.48	RM 23.09 +12.8%	7.5%	RM 25.50	RM 19.57	n/a	18
Jun ’25	RM 20.86	RM 23.24 +11.4%	7.5%	RM 25.50	RM 19.57	n/a	18
May ’25	RM 23.14	RM 23.34 +0.9%	8.1%	RM 25.80	RM 19.70	n/a	18
Apr ’25	RM 22.58	RM 23.34 +3.4%	8.1%	RM 25.80	RM 19.70	n/a	18
Mar ’25	RM 22.04	RM 23.37 +6.0%	8.3%	RM 25.80	RM 19.70	n/a	18
Feb ’25	RM 22.22	RM 23.42 +5.4%	9.0%	RM 27.25	RM 19.70	n/a	18
Jan ’25	RM 21.82	RM 23.43 +7.4%	9.2%	RM 27.50	RM 19.70	n/a	18
Dec ’24	RM 21.30	RM 23.62 +10.9%	9.2%	RM 27.50	RM 19.70	n/a	16
Nov ’24	RM 21.96	RM 23.92 +8.9%	7.5%	RM 27.00	RM 21.00	n/a	15
Oct ’24	RM 21.40	RM 23.80 +11.2%	7.0%	RM 27.00	RM 21.00	n/a	16
Sep ’24	RM 21.44	RM 23.83 +11.1%	6.7%	RM 27.00	RM 21.00	n/a	17
Aug ’24	RM 23.26	RM 23.90 +2.7%	8.8%	RM 27.20	RM 18.60	RM 21.12	18
Jul ’24	RM 21.96	RM 23.83 +8.5%	8.0%	RM 26.20	RM 18.60	RM 20.48	19
Jun ’24	RM 21.02	RM 23.73 +12.9%	7.8%	RM 26.10	RM 18.60	RM 20.86	19
May ’24	RM 21.50	RM 24.02 +11.7%	10.1%	RM 28.65	RM 18.60	RM 23.14	19
Apr ’24	RM 20.78	RM 24.02 +15.6%	10.1%	RM 28.65	RM 18.60	RM 22.58	19
Mar ’24	RM 20.84	RM 24.05 +15.4%	10.2%	RM 28.65	RM 18.60	RM 22.04	19
Feb ’24	RM 21.42	RM 24.40 +13.9%	10.1%	RM 28.77	RM 20.10	RM 22.22	19
Jan ’24	RM 22.36	RM 24.25 +8.5%	10.1%	RM 28.77	RM 20.10	RM 21.82	18
Dec ’23	RM 21.40	RM 25.03 +17.0%	17.4%	RM 40.00	RM 20.10	RM 21.30	18
Nov ’23	RM 20.98	RM 26.92 +28.3%	15.8%	RM 40.00	RM 21.00	RM 21.96	18
Oct ’23	RM 20.70	RM 27.28 +31.8%	14.8%	RM 40.00	RM 21.00	RM 21.40	18
Sep ’23	RM 22.50	RM 27.26 +21.1%	14.8%	RM 40.00	RM 21.00	RM 21.44	18
Aug ’23	RM 22.50	RM 27.98 +24.3%	13.2%	RM 40.00	RM 21.55	RM 23.26	18

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