MBM Resources Berhad

KLSE:MBMR Stock Report

Market Cap: RM 2.5b

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 (MYR6.29) is trading above our estimate of fair value (MYR3.64)

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 Ratio7.1x
EarningsRM 347.23m
Market CapRM 2.47b

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 Average12.5x
FIAMMA Fiamma Holdings Berhad
9.5x-14.3%RM 551.4m
YOCB Yoong Onn Corporation Berhad
9.4xn/aRM 298.3m
FCW FCW Holdings Berhad
18.7xn/aRM 365.0m
MARCO Marco Holdings Berhad
12.2xn/aRM 152.9m
MBMR MBM Resources Berhad
7.1x-7.1%RM 2.5b

Price-To-Earnings vs Peers: MBMR is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MBMR 7.1xIndustry Avg. 18.6xNo. of Companies28PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MBMR is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Asian Retail Distributors industry average (18.6x).

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 Ratio7.1x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: MBMR is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

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 6.29
RM 5.63
-10.4%
13.7%RM 6.80RM 4.37n/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 3.21n/a9
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
Nov ’23RM 3.30
RM 4.32
+31.0%
14.4%RM 5.00RM 3.00RM 3.848

Analyst Forecast: Target price is lower than the current share price.

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