Malaysian Pacific Industries Berhad

KLSE:MPI Stock Report

Market Cap: RM 5.0b

Malaysian Pacific Industries Berhad Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: MPI (MYR25.74) is trading below our estimate of fair value (MYR28.19)

Significantly Below Fair Value: MPI is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MPI. This is calculated by dividing MPI's market cap by their current earnings.
What is MPI's PE Ratio?
PE Ratio28.8x
EarningsRM 178.01m
Market CapRM 5.02b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average59.7x
UNISEM Unisem (M) Berhad
59.5x44.1%RM 4.8b
D&O D & O Green Technologies Berhad
53.5x45.5%RM 3.1b
INARI Inari Amertron Berhad
48.3x18.2%RM 11.5b
OPPSTAR Oppstar Berhad
77.4x58.7%RM 518.9m
MPI Malaysian Pacific Industries Berhad
28.8x19.3%RM 5.0b

Price-To-Earnings vs Peers: MPI is good value based on its Price-To-Earnings Ratio (28.8x) compared to the peer average (59.7x).

Price to Earnings Ratio vs Industry

How does MPI's PE Ratio compare vs other companies in the Asian Semiconductor Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MPI 28.8xIndustry Avg. 32.6xNo. of Companies77PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MPI is good value based on its Price-To-Earnings Ratio (28.8x) compared to the Asian Semiconductor industry average (32.6x).

Price to Earnings Ratio vs Fair Ratio

What is MPI'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.

MPI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.8x
Fair PE Ratio32x

Price-To-Earnings vs Fair Ratio: MPI is good value based on its Price-To-Earnings Ratio (28.8x) compared to the estimated Fair Price-To-Earnings Ratio (32x).

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 MPI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 25.74
RM 34.63
+34.6%
14.3%RM 38.90RM 23.50n/a7
Dec ’25RM 23.86
RM 35.36
+48.2%
14.2%RM 38.90RM 23.50n/a7
Nov ’25RM 26.00
RM 38.56
+48.3%
14.8%RM 48.50RM 27.40n/a7
Oct ’25RM 27.20
RM 40.65
+49.4%
17.5%RM 48.50RM 27.40n/a6
Sep ’25RM 29.60
RM 40.65
+37.3%
17.5%RM 48.50RM 27.40n/a6
Aug ’25RM 37.10
RM 41.18
+11.0%
17.5%RM 49.43RM 27.40n/a6
Jul ’25RM 38.82
RM 41.18
+6.1%
17.5%RM 49.43RM 27.40n/a6
Jun ’25RM 37.10
RM 41.18
+11.0%
17.5%RM 49.43RM 27.40n/a6
May ’25RM 30.30
RM 28.14
-7.1%
16.8%RM 35.90RM 22.40n/a6
Apr ’25RM 31.86
RM 28.14
-11.7%
16.8%RM 35.90RM 22.40n/a6
Mar ’25RM 29.00
RM 27.16
-6.4%
12.8%RM 32.35RM 22.40n/a6
Feb ’25RM 27.00
RM 25.79
-4.5%
20.0%RM 32.35RM 17.20n/a5
Jan ’25RM 28.20
RM 25.43
-9.8%
18.8%RM 32.35RM 17.20n/a6
Dec ’24RM 26.74
RM 24.83
-7.1%
16.1%RM 30.00RM 17.20RM 23.867
Nov ’24RM 25.42
RM 25.30
-0.5%
15.2%RM 32.15RM 19.20RM 26.007
Oct ’24RM 27.46
RM 25.30
-7.9%
15.2%RM 32.15RM 19.20RM 27.207
Sep ’24RM 28.36
RM 25.30
-10.8%
15.2%RM 32.15RM 19.20RM 29.607
Aug ’24RM 29.00
RM 23.97
-17.4%
19.4%RM 32.15RM 15.26RM 37.107
Jul ’24RM 27.82
RM 23.97
-13.9%
19.4%RM 32.15RM 15.26RM 38.827
Jun ’24RM 26.90
RM 23.62
-12.2%
17.2%RM 29.70RM 15.26RM 37.107
May ’24RM 28.30
RM 27.27
-3.7%
18.1%RM 33.51RM 20.00RM 30.307
Apr ’24RM 28.96
RM 27.27
-5.9%
18.1%RM 33.51RM 20.00RM 31.867
Mar ’24RM 29.90
RM 27.27
-8.8%
18.1%RM 33.51RM 20.00RM 29.007
Feb ’24RM 33.18
RM 29.46
-11.2%
13.5%RM 35.60RM 24.40RM 27.007
Jan ’24RM 28.76
RM 29.46
+2.4%
13.5%RM 35.60RM 24.40RM 28.207
Dec ’23RM 31.70
RM 29.51
-6.9%
16.4%RM 39.67RM 24.40RM 26.747

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 Analysis2024/12/23 12:03
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

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

Malaysian Pacific Industries Berhad is covered by 16 analysts. 7 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
Woo Kim TohAlliance Research Sdn. Bhd.
Muhammad Afif Bin ZulkapllyAmInvestment Bank Berhad