Maxis Berhad Valuation

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

Below Fair Value: MAXIS (MYR3.58) is trading below our estimate of fair value (MYR5.55)

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?

Other financial metrics that can be useful for relative valuation.

MAXIS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.6x
Enterprise Value/EBITDA11.9x
PEG Ratio2.2x

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 Average21.2x
CDB Celcomdigi Berhad
27.1x13.8%RM 43.4b
TM Telekom Malaysia Berhad
13.7x-2.9%RM 27.0b
TIMECOM TIME dotCom Berhad
32.3x17.9%RM 9.6b
TEL PLDT
11.8x13.7%₱314.1b
MAXIS Maxis Berhad
27.3x12.3%RM 27.7b

Price-To-Earnings vs Peers: MAXIS is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (21.2x).


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
Industry Avg.n/a16.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MAXIS is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the Asian Wireless Telecom industry average (18.6x).


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 Ratio27.3x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: MAXIS is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).


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 3.58
RM 4.02
+12.2%
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 3.40n/a20
Jan ’25RM 3.85
RM 4.10
+6.5%
12.9%RM 5.60RM 3.30n/a20
Dec ’24RM 3.96
RM 4.09
+3.4%
12.6%RM 5.60RM 3.30n/a21
Nov ’24RM 4.00
RM 4.09
+2.3%
13.4%RM 5.60RM 3.30n/a21
Oct ’24RM 4.04
RM 4.09
+1.3%
13.4%RM 5.60RM 3.30n/a21
Sep ’24RM 4.05
RM 4.10
+1.3%
13.1%RM 5.60RM 3.30n/a22
Aug ’24RM 4.05
RM 4.13
+2.0%
12.9%RM 5.60RM 3.30n/a22
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
Jan ’24RM 3.84
RM 3.91
+1.7%
12.7%RM 5.60RM 3.30RM 3.8521
Dec ’23RM 3.95
RM 3.88
-1.8%
12.2%RM 5.60RM 3.30RM 3.9621
Nov ’23RM 3.78
RM 3.88
+2.6%
11.9%RM 5.60RM 3.30RM 4.0021
Oct ’23RM 3.51
RM 3.88
+10.5%
11.9%RM 5.60RM 3.30RM 4.0421
Sep ’23RM 3.71
RM 3.88
+4.5%
11.9%RM 5.60RM 3.30RM 4.0521
Aug ’23RM 3.65
RM 3.88
+6.2%
11.9%RM 5.60RM 3.30RM 4.0521
Jul ’23RM 3.31
RM 4.21
+27.2%
10.5%RM 5.60RM 3.50RM 4.1021

Analyst Forecast: Target price is less than 20% higher than the current share price.


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