Nestlé (Malaysia) Berhad

KLSE:NESTLE Stock Report

Market Cap: RM 21.3b

Nestlé (Malaysia) Berhad Valuation

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

Discounted Cash Flow
Simply Wall St
RM 69.18
Fair Value
31.3% overvalued intrinsic discount
12
Number of Analysts

Below Fair Value: NESTLE (MYR90.82) is trading above our estimate of fair value (MYR69.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NESTLE. This is calculated by dividing NESTLE's market cap by their current earnings.
What is NESTLE's PE Ratio?
PE Ratio40.8x
EarningsRM 522.63m
Market CapRM 21.30b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NESTLE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.7x
PPB PPB Group Berhad
12.8x10.8%RM 16.6b
QL QL Resources Berhad
36.3x6.9%RM 16.6b
GCB Guan Chong Berhad
21.3x14.7%RM 4.9b
FFB Farm Fresh Berhad
32.6x18.5%RM 3.2b
NESTLE Nestlé (Malaysia) Berhad
40.8x10.3%RM 21.3b

Price-To-Earnings vs Peers: NESTLE is expensive based on its Price-To-Earnings Ratio (40.8x) compared to the peer average (25.7x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
NESTLE 40.8xIndustry Avg. 11.7xNo. of Companies13PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NESTLE is expensive based on its Price-To-Earnings Ratio (40.8x) compared to the MY Food industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is NESTLE'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.

NESTLE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.8x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: NESTLE is expensive based on its Price-To-Earnings Ratio (40.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

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 NESTLE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 90.82
RM 98.62
+8.6%
14.1%RM 118.86RM 78.00n/a12
Jan ’26RM 99.98
RM 98.62
-1.4%
14.1%RM 118.86RM 78.00n/a12
Dec ’25RM 96.70
RM 102.62
+6.1%
14.7%RM 129.00RM 78.00n/a12
Nov ’25RM 100.00
RM 102.62
+2.6%
14.7%RM 129.00RM 78.00n/a12
Oct ’25RM 104.60
RM 120.82
+15.5%
8.5%RM 146.00RM 101.00n/a12
Sep ’25RM 106.00
RM 118.15
+11.5%
6.0%RM 129.00RM 101.00n/a12
Aug ’25RM 109.00
RM 118.15
+8.4%
6.0%RM 129.00RM 101.00n/a12
Jul ’25RM 122.40
RM 128.77
+5.2%
6.5%RM 146.00RM 115.00n/a12
Jun ’25RM 127.60
RM 128.77
+0.9%
6.5%RM 146.00RM 115.00n/a12
May ’25RM 127.20
RM 128.77
+1.2%
6.5%RM 146.00RM 115.00n/a12
Apr ’25RM 118.10
RM 128.43
+8.7%
6.4%RM 146.00RM 115.00n/a12
Mar ’25RM 123.40
RM 128.66
+4.3%
6.4%RM 146.00RM 115.00n/a12
Feb ’25RM 119.50
RM 128.78
+7.8%
7.1%RM 146.00RM 115.00n/a12
Jan ’25RM 117.60
RM 128.78
+9.5%
7.1%RM 146.00RM 115.00RM 99.9812
Dec ’24RM 120.00
RM 129.50
+7.9%
6.8%RM 146.00RM 115.00RM 96.7012
Nov ’24RM 122.50
RM 130.83
+6.8%
6.6%RM 146.00RM 115.00RM 100.0012
Oct ’24RM 126.50
RM 136.14
+7.6%
7.3%RM 151.30RM 118.80RM 104.6012
Sep ’24RM 130.20
RM 136.14
+4.6%
7.3%RM 151.30RM 118.80RM 106.0012
Aug ’24RM 132.90
RM 136.14
+2.4%
7.3%RM 151.30RM 118.80RM 109.0012
Jul ’24RM 131.00
RM 131.25
+0.2%
9.1%RM 142.00RM 100.00RM 122.4013
Jun ’24RM 134.40
RM 131.64
-2.1%
9.2%RM 142.00RM 100.00RM 127.6013
May ’24RM 135.50
RM 131.64
-2.9%
9.2%RM 142.00RM 100.00RM 127.2013
Apr ’24RM 137.10
RM 131.43
-4.1%
9.1%RM 142.00RM 100.00RM 118.1013
Mar ’24RM 135.10
RM 131.43
-2.7%
9.1%RM 142.00RM 100.00RM 123.4013
Feb ’24RM 135.20
RM 129.32
-4.3%
9.6%RM 143.00RM 100.00RM 119.5013
Jan ’24RM 140.00
RM 129.32
-7.6%
9.6%RM 143.00RM 100.00RM 117.6013
Analyst Price Target
Consensus Narrative from 12 Analysts
RM 98.62
Fair Value
7.9% undervalued intrinsic discount
12
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 Analysis2025/01/28 23:28
End of Day Share Price 2025/01/28 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

Nestlé (Malaysia) Berhad is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wei-Nien ChowAffin Hwang Investment Bank
Chee Wei LoongAffin Hwang Investment Bank
Jing Yuan LowAffin Hwang Investment Bank