Celcomdigi Berhad

KLSE:CDB Stock Report

Market Cap: RM 42.8b

Celcomdigi Berhad Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: CDB (MYR3.65) is trading below our estimate of fair value (MYR8.7)

Significantly Below Fair Value: CDB is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CDB. This is calculated by dividing CDB's market cap by their current earnings.
What is CDB's PE Ratio?
PE Ratio25.9x
EarningsRM 1.65b
Market CapRM 42.82b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CDB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.3x
MAXIS Maxis Berhad
25.2x12.2%RM 28.5b
AXIATA Axiata Group Berhad
19.4x8.2%RM 22.0b
TM Telekom Malaysia Berhad
15.1x3.2%RM 26.0b
VOD Vodacom Group
13.4x18.5%R197.2b
CDB Celcomdigi Berhad
25.9x14.6%RM 42.8b

Price-To-Earnings vs Peers: CDB is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (18.3x).

Price to Earnings Ratio vs Industry

How does CDB's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CDB 25.9xIndustry Avg. 18.5xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CDB is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the Asian Wireless Telecom industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is CDB'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.

CDB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: CDB is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

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 CDB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 3.65
RM 4.13
+13.0%
15.5%RM 6.00RM 3.03n/a23
Dec ’25RM 3.58
RM 4.15
+15.9%
15.4%RM 6.00RM 3.03n/a23
Nov ’25RM 3.37
RM 4.28
+26.9%
13.1%RM 5.59RM 3.25n/a22
Oct ’25RM 3.74
RM 4.28
+14.3%
13.1%RM 5.59RM 3.25n/a22
Sep ’25RM 3.87
RM 4.28
+10.5%
13.1%RM 5.59RM 3.25n/a22
Aug ’25RM 3.75
RM 4.58
+22.1%
12.2%RM 6.00RM 3.40n/a23
Jul ’25RM 3.69
RM 4.58
+24.1%
12.2%RM 6.00RM 3.40n/a23
Jun ’25RM 3.81
RM 4.58
+20.2%
12.2%RM 6.00RM 3.40n/a23
May ’25RM 4.15
RM 4.63
+11.6%
11.3%RM 6.00RM 3.40n/a23
Apr ’25RM 4.24
RM 4.64
+9.4%
11.2%RM 6.00RM 3.40n/a23
Mar ’25RM 4.30
RM 4.66
+8.3%
11.4%RM 6.00RM 3.40n/a23
Feb ’25RM 4.25
RM 4.62
+8.7%
11.0%RM 6.00RM 3.45n/a23
Jan ’25RM 4.08
RM 4.60
+12.8%
11.2%RM 6.00RM 3.45RM 3.6222
Dec ’24RM 4.24
RM 4.60
+8.5%
11.2%RM 6.00RM 3.45RM 3.5822
Nov ’24RM 4.20
RM 4.46
+6.3%
12.6%RM 6.00RM 3.40RM 3.3722
Oct ’24RM 4.37
RM 4.45
+1.9%
12.7%RM 6.00RM 3.40RM 3.7422
Sep ’24RM 4.48
RM 4.45
-0.6%
12.3%RM 6.00RM 3.40RM 3.8723
Aug ’24RM 4.42
RM 4.42
-0.01%
12.6%RM 6.00RM 3.40RM 3.7523
Jul ’24RM 4.11
RM 4.42
+7.5%
12.6%RM 6.00RM 3.40RM 3.6923
Jun ’24RM 4.38
RM 4.43
+1.2%
12.5%RM 6.00RM 3.40RM 3.8123
May ’24RM 4.40
RM 4.27
-3.0%
12.2%RM 6.00RM 3.40RM 4.1523
Apr ’24RM 4.34
RM 4.26
-1.7%
12.1%RM 6.00RM 3.40RM 4.2423
Mar ’24RM 4.25
RM 4.26
+0.1%
12.3%RM 6.00RM 3.40RM 4.3023
Feb ’24RM 4.21
RM 4.11
-2.4%
15.5%RM 6.00RM 3.35RM 4.2520
Jan ’24RM 4.00
RM 4.07
+1.8%
15.5%RM 6.00RM 3.35RM 4.0819

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 Analysis2025/01/02 22:36
End of Day Share Price 2025/01/02 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

Celcomdigi Berhad is covered by 44 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chee ChowAffin Hwang Investment Bank
Anand RamachandranBarclays
null nullBIMB Securities Sdn. Bhd