Maxis Berhad

KLSE:MAXIS Stock Report

Market Cap: RM 26.9b

Maxis Berhad Valuation

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

Discounted Cash Flow
Simply Wall St
RM 5.64
Fair Value
39.2% undervalued intrinsic discount
21
Number of Analysts

Below Fair Value: MAXIS (MYR3.43) is trading below our estimate of fair value (MYR5.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MAXIS. This is calculated by dividing MAXIS's market cap by their current earnings.
What is MAXIS's PE Ratio?
PE Ratio19.2x
EarningsRM 1.40b
Market CapRM 26.87b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MAXIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.9x
AXIATA Axiata Group Berhad
16.6x7.2%RM 18.9b
CDB Celcomdigi Berhad
29.2x16.9%RM 40.2b
TM Telekom Malaysia Berhad
15.4x3.2%RM 26.5b
TIMECOM TIME dotCom Berhad
26.2x16.7%RM 9.0b
MAXIS Maxis Berhad
19.2x6.5%RM 26.9b

Price-To-Earnings vs Peers: MAXIS is good value based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAXIS 19.2xIndustry Avg. 17.2xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAXIS is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the Asian Wireless Telecom industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is MAXIS'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.

MAXIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.2x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: MAXIS is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).

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 MAXIS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 3.43
RM 3.95
+15.2%
11.5%RM 5.60RM 3.30n/a21
Feb ’26RM 3.48
RM 3.97
+13.9%
11.7%RM 5.60RM 3.30n/a21
Jan ’26RM 3.65
RM 3.88
+6.3%
7.7%RM 4.47RM 3.30n/a20
Dec ’25RM 3.47
RM 3.86
+11.3%
7.4%RM 4.47RM 3.30n/a20
Nov ’25RM 3.61
RM 3.91
+8.2%
7.3%RM 4.47RM 3.30n/a20
Oct ’25RM 3.93
RM 3.90
-0.6%
7.3%RM 4.47RM 3.30n/a20
Sep ’25RM 3.86
RM 3.89
+0.8%
6.7%RM 4.32RM 3.30n/a20
Aug ’25RM 3.48
RM 4.02
+15.4%
13.6%RM 5.60RM 3.20n/a21
Jul ’25RM 3.58
RM 4.02
+12.2%
13.6%RM 5.60RM 3.20n/a21
Jun ’25RM 3.63
RM 4.02
+10.6%
13.6%RM 5.60RM 3.20n/a21
May ’25RM 3.67
RM 4.06
+10.7%
13.5%RM 5.60RM 3.20n/a20
Apr ’25RM 3.42
RM 4.06
+18.6%
13.1%RM 5.60RM 3.38n/a20
Mar ’25RM 3.68
RM 4.06
+10.3%
13.1%RM 5.60RM 3.38n/a20
Feb ’25RM 3.80
RM 4.09
+7.7%
12.7%RM 5.60RM 3.40RM 3.4820
Jan ’25RM 3.85
RM 4.10
+6.5%
12.9%RM 5.60RM 3.30RM 3.6520
Dec ’24RM 3.96
RM 4.09
+3.4%
12.6%RM 5.60RM 3.30RM 3.4721
Nov ’24RM 4.00
RM 4.09
+2.3%
13.4%RM 5.60RM 3.30RM 3.6121
Oct ’24RM 4.04
RM 4.09
+1.3%
13.4%RM 5.60RM 3.30RM 3.9321
Sep ’24RM 4.05
RM 4.10
+1.3%
13.1%RM 5.60RM 3.30RM 3.8622
Aug ’24RM 4.05
RM 4.13
+2.0%
12.9%RM 5.60RM 3.30RM 3.4822
Jul ’24RM 4.10
RM 4.11
+0.2%
13.0%RM 5.60RM 3.30RM 3.5822
Jun ’24RM 4.20
RM 4.07
-3.0%
13.1%RM 5.60RM 3.30RM 3.6322
May ’24RM 4.40
RM 3.97
-9.9%
11.6%RM 5.60RM 3.30RM 3.6722
Apr ’24RM 4.13
RM 3.95
-4.3%
11.6%RM 5.60RM 3.30RM 3.4222
Mar ’24RM 3.96
RM 3.95
-0.3%
11.8%RM 5.60RM 3.30RM 3.6822
Feb ’24RM 3.96
RM 3.91
-1.3%
12.4%RM 5.60RM 3.30RM 3.8022
Analyst Price Target
Consensus Narrative from 21 Analysts
RM 3.95
Fair Value
13.2% undervalued intrinsic discount
21
Number of Analysts

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 Analysis2025/02/21 07:18
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Maxis Berhad is covered by 41 analysts. 20 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
Muhammad Afif Bin ZulkapllyAmInvestment Bank Berhad
Anand RamachandranBarclays