MBM Resources Berhad

KLSE:MBMR Stock Report

Market Cap: RM 2.4b

MBM Resources Berhad Valuation

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

Below Fair Value: MBMR (MYR6.2) is trading above our estimate of fair value (MYR2.04)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MBMR. This is calculated by dividing MBMR's market cap by their current earnings.
What is MBMR's PE Ratio?
PE Ratio7.3x
EarningsRM 329.86m
Market CapRM 2.42b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MBMR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15x
FIAMMA Fiamma Holdings Berhad
9.9x-14.3%RM 577.9m
FCW FCW Holdings Berhad
28.9xn/aRM 417.5m
YOCB Yoong Onn Corporation Berhad
9.5xn/aRM 293.5m
MARCO Marco Holdings Berhad
11.8xn/aRM 147.6m
MBMR MBM Resources Berhad
7.3x-2.4%RM 2.4b

Price-To-Earnings vs Peers: MBMR is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (15x).

Price to Earnings Ratio vs Industry

How does MBMR's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MBMR 7.3xIndustry Avg. 19.7xNo. of Companies24PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MBMR is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Asian Retail Distributors industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is MBMR'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.

MBMR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: MBMR is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

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 MBMR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 6.20
RM 6.34
+2.2%
8.9%RM 7.40RM 5.47n/a10
Dec ’25RM 6.60
RM 6.34
-4.0%
8.9%RM 7.40RM 5.47n/a10
Nov ’25RM 6.12
RM 5.63
-8.0%
13.7%RM 6.80RM 4.37n/a10
Oct ’25RM 5.93
RM 5.61
-5.3%
13.4%RM 6.80RM 4.37n/a10
Sep ’25RM 5.98
RM 5.61
-6.1%
13.4%RM 6.80RM 4.37n/a10
Aug ’25RM 5.32
RM 5.07
-4.7%
14.1%RM 6.50RM 4.28n/a10
Jul ’25RM 5.28
RM 5.07
-4.0%
14.1%RM 6.50RM 4.28n/a10
Jun ’25RM 5.04
RM 4.88
-3.3%
14.3%RM 6.50RM 4.07n/a10
May ’25RM 4.92
RM 4.59
-6.7%
12.6%RM 5.80RM 3.95n/a10
Apr ’25RM 4.64
RM 4.59
-1.1%
12.6%RM 5.80RM 3.95n/a10
Mar ’25RM 4.47
RM 4.60
+2.9%
12.9%RM 5.80RM 3.95n/a9
Feb ’25RM 4.36
RM 4.39
+0.7%
10.8%RM 5.40RM 3.91n/a9
Jan ’25RM 4.24
RM 4.39
+3.5%
10.8%RM 5.40RM 3.91n/a9
Dec ’24RM 4.47
RM 4.47
-0.02%
14.7%RM 5.40RM 3.21RM 6.609
Nov ’24RM 3.84
RM 4.41
+14.9%
13.8%RM 5.22RM 3.21RM 6.129
Oct ’24RM 3.69
RM 4.41
+19.6%
13.8%RM 5.22RM 3.21RM 5.939
Sep ’24RM 4.16
RM 4.44
+6.7%
14.0%RM 5.22RM 3.21RM 5.989
Aug ’24RM 3.47
RM 4.37
+26.0%
15.8%RM 5.22RM 3.21RM 5.329
Jul ’24RM 3.53
RM 4.37
+23.8%
15.8%RM 5.22RM 3.21RM 5.289
Jun ’24RM 3.50
RM 4.56
+30.3%
13.1%RM 5.22RM 3.21RM 5.049
May ’24RM 3.59
RM 4.75
+32.4%
9.8%RM 5.50RM 4.01RM 4.928
Apr ’24RM 3.42
RM 4.75
+39.0%
9.8%RM 5.50RM 4.01RM 4.648
Mar ’24RM 3.88
RM 4.58
+18.0%
14.5%RM 5.50RM 3.17RM 4.479
Feb ’24RM 3.49
RM 4.21
+20.7%
17.3%RM 5.10RM 3.17RM 4.368
Jan ’24RM 3.28
RM 4.21
+28.5%
17.3%RM 5.10RM 3.17RM 4.248
Dec ’23RM 3.28
RM 4.21
+28.5%
17.3%RM 5.10RM 3.17RM 4.478

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 Analysis2024/12/21 06:44
End of Day Share Price 2024/12/20 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

MBM Resources Berhad is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin LowAffin Hwang Investment Bank
Chee Wei LoongAffin Hwang Investment Bank
Brian YeohAffin Hwang Investment Bank