Cahya Mata Sarawak Berhad

KLSE:CMSB Stock Report

Market Cap: RM 1.3b

Cahya Mata Sarawak Berhad Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: CMSB (MYR1.2) is trading above our estimate of fair value (MYR0.59)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CMSB. This is calculated by dividing CMSB's market cap by their current earnings.
What is CMSB's PE Ratio?
PE Ratio13.2x
EarningsRM 97.95m
Market CapRM 1.28b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CMSB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30x
HUMEIND Hume Cement Industries Berhad
11x10.0%RM 2.3b
MCEMENT Malayan Cement Berhad
13.9x7.7%RM 6.5b
OKA OKA Corporation Bhd
14.4xn/aRM 162.0m
XIN Xin Synergy Group Berhad
80.8xn/aRM 107.8m
CMSB Cahya Mata Sarawak Berhad
13.2x20.5%RM 1.3b

Price-To-Earnings vs Peers: CMSB is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (30x).

Price to Earnings Ratio vs Industry

How does CMSB's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CMSB 13.2xIndustry Avg. 17.6xNo. of Companies37PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CMSB is good value based on its Price-To-Earnings Ratio (13.2x) compared to the Asian Basic Materials industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is CMSB'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.

CMSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: CMSB is good value based on its Price-To-Earnings Ratio (13.2x) 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 CMSB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.20
RM 1.57
+30.6%
1.8%RM 1.60RM 1.53n/a3
Dec ’25RM 1.20
RM 1.57
+30.6%
1.8%RM 1.60RM 1.53n/a3
Nov ’25RM 1.36
RM 1.57
+15.2%
1.8%RM 1.60RM 1.53n/a3
Oct ’25RM 1.41
RM 1.57
+11.1%
1.8%RM 1.60RM 1.53n/a3
Sep ’25RM 1.35
RM 1.57
+16.0%
1.8%RM 1.60RM 1.53n/a3
Aug ’25RM 1.47
RM 1.27
-13.8%
9.1%RM 1.38RM 1.12n/a4
Jul ’25RM 1.39
RM 1.27
-8.8%
9.1%RM 1.38RM 1.12n/a4
Jun ’25RM 1.15
RM 1.27
+10.2%
9.1%RM 1.38RM 1.12n/a4
May ’25RM 1.10
RM 1.19
+8.4%
9.2%RM 1.32RM 1.06n/a4
Apr ’25RM 1.01
RM 1.19
+18.1%
9.2%RM 1.32RM 1.06n/a4
Mar ’25RM 0.94
RM 1.19
+27.5%
9.2%RM 1.32RM 1.06n/a4
Feb ’25RM 1.05
RM 1.22
+16.0%
7.7%RM 1.32RM 1.11n/a4
Jan ’25RM 1.08
RM 1.26
+16.7%
9.5%RM 1.43RM 1.11n/a5
Dec ’24RM 1.05
RM 1.27
+20.6%
8.8%RM 1.43RM 1.14RM 1.205
Nov ’24RM 1.10
RM 1.35
+22.7%
10.8%RM 1.50RM 1.14RM 1.365
Oct ’24RM 1.14
RM 1.36
+19.2%
9.9%RM 1.50RM 1.14RM 1.416
Sep ’24RM 1.12
RM 1.37
+22.5%
8.4%RM 1.50RM 1.21RM 1.356
Aug ’24RM 1.05
RM 1.42
+35.1%
6.7%RM 1.50RM 1.22RM 1.476
Jul ’24RM 0.95
RM 1.42
+48.5%
6.7%RM 1.50RM 1.22RM 1.396
Jun ’24RM 1.07
RM 1.42
+32.6%
6.7%RM 1.50RM 1.22RM 1.156
May ’24RM 1.12
RM 1.48
+32.3%
4.8%RM 1.60RM 1.40RM 1.106
Apr ’24RM 1.14
RM 1.50
+31.4%
4.5%RM 1.60RM 1.43RM 1.015
Mar ’24RM 1.21
RM 1.52
+25.3%
4.1%RM 1.60RM 1.43RM 0.945
Feb ’24RM 1.21
RM 1.48
+22.1%
3.9%RM 1.57RM 1.41RM 1.055
Jan ’24RM 1.07
RM 1.48
+38.1%
3.9%RM 1.57RM 1.41RM 1.085
Dec ’23RM 1.11
RM 1.48
+33.2%
3.9%RM 1.57RM 1.41RM 1.055

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 10:55
End of Day Share Price 2024/12/31 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

Cahya Mata Sarawak Berhad is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Woo Kim TohAlliance Research Sdn. Bhd.
Sharizan RoselyCGS International
Peter KongCLSA