Malakoff Corporation Berhad

KLSE:MALAKOF Stock Report

Market Cap: RM 3.9b

Malakoff Corporation Berhad Valuation

Is MALAKOF 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MALAKOF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MALAKOF (MYR0.8) is trading below our estimate of fair value (MYR3.27)

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

Key Valuation Metric

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

Key metric: As MALAKOF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MALAKOF. This is calculated by dividing MALAKOF's market cap by their current revenue.
What is MALAKOF's PS Ratio?
PS Ratio0.4x
SalesRM 9.00b
Market CapRM 3.89b

Price to Sales Ratio vs Peers

How does MALAKOF's PS Ratio compare to its peers?

The above table shows the PS ratio for MALAKOF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
MFCB Mega First Corporation Berhad
3.1x5.1%RM 4.1b
GASMSIA Gas Malaysia Berhad
0.7x4.9%RM 4.9b
EDEN Eden Berhad
0.4xn/aRM 75.8m
RANHILL Ranhill Utilities Berhad
0.8x-0.2%RM 1.8b
MALAKOF Malakoff Corporation Berhad
0.4x-3.2%RM 3.9b

Price-To-Sales vs Peers: MALAKOF is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does MALAKOF's PS Ratio compare vs other companies in the Asian Renewable Energy Industry?

39 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.3x9.0%
MALAKOF Malakoff Corporation Berhad
 0.4x-3.2%US$872.36m
MALAKOF 0.4xIndustry Avg. 2.3xNo. of Companies50PS02.44.87.29.612+
39 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.3x14.6%
MALAKOF Malakoff Corporation Berhad
 0.4x66.9%US$872.36m
No more companies

Price-To-Sales vs Industry: MALAKOF is good value based on its Price-To-Sales Ratio (0.4x) compared to the Asian Renewable Energy industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is MALAKOF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MALAKOF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: MALAKOF is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 MALAKOF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.80
RM 1.02
+28.3%
20.8%RM 1.38RM 0.68n/a10
Nov ’25RM 0.84
RM 1.01
+20.7%
21.4%RM 1.38RM 0.68n/a10
Oct ’25RM 0.95
RM 1.03
+8.2%
19.4%RM 1.38RM 0.79n/a10
Sep ’25RM 0.92
RM 0.95
+3.3%
13.1%RM 1.11RM 0.79n/a10
Aug ’25RM 0.84
RM 0.78
-7.4%
20.5%RM 1.08RM 0.55n/a10
Jul ’25RM 0.81
RM 0.74
-7.5%
16.6%RM 1.00RM 0.55n/a10
Jun ’25RM 0.71
RM 0.72
+1.4%
12.9%RM 0.86RM 0.55n/a10
May ’25RM 0.67
RM 0.70
+4.6%
12.0%RM 0.80RM 0.55n/a10
Apr ’25RM 0.65
RM 0.70
+8.7%
12.0%RM 0.80RM 0.55n/a10
Mar ’25RM 0.63
RM 0.70
+12.2%
12.0%RM 0.80RM 0.55n/a10
Feb ’25RM 0.66
RM 0.69
+3.8%
13.4%RM 0.80RM 0.52n/a10
Jan ’25RM 0.64
RM 0.68
+6.3%
12.4%RM 0.80RM 0.52n/a10
Dec ’24RM 0.60
RM 0.68
+11.6%
12.4%RM 0.80RM 0.52n/a10
Nov ’24RM 0.59
RM 0.67
+13.3%
10.8%RM 0.80RM 0.55RM 0.8410
Oct ’24RM 0.59
RM 0.67
+13.1%
11.0%RM 0.80RM 0.55RM 0.9510
Sep ’24RM 0.59
RM 0.69
+16.8%
16.0%RM 0.95RM 0.55RM 0.9210
Aug ’24RM 0.63
RM 0.75
+19.7%
12.7%RM 0.95RM 0.60RM 0.8410
Jul ’24RM 0.58
RM 0.75
+29.7%
12.6%RM 0.95RM 0.60RM 0.8110
Jun ’24RM 0.61
RM 0.76
+25.1%
11.3%RM 0.95RM 0.60RM 0.7110
May ’24RM 0.68
RM 0.88
+29.0%
14.2%RM 1.05RM 0.65RM 0.6710
Apr ’24RM 0.69
RM 0.88
+28.0%
13.9%RM 1.05RM 0.65RM 0.6510
Mar ’24RM 0.69
RM 0.89
+28.1%
13.2%RM 1.05RM 0.65RM 0.6310
Feb ’24RM 0.69
RM 0.87
+25.7%
16.9%RM 1.05RM 0.54RM 0.6610
Jan ’24RM 0.65
RM 0.87
+33.3%
17.8%RM 1.05RM 0.54RM 0.649
Dec ’23RM 0.64
RM 0.86
+35.6%
18.5%RM 1.05RM 0.54RM 0.609
Nov ’23RM 0.62
RM 0.81
+31.1%
20.2%RM 1.05RM 0.54RM 0.5910

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Gas Malaysia Berhad

RM 4.9b

Sells, markets, and distributes natural gas to the industrial, commercial, and residential sectors in Malaysia.

GASMSIA

RM 3.82

7D

-0.8%

1Y

19.4%

Eden Berhad

RM 75.8m

An investment holding company, operates as an independent power producer primarily in Malaysia.

EDEN

RM 0.15

7D

0%

1Y

-33.3%

Puncak Niaga Holdings Berhad

RM 116.3m

An investment holding company, provides integrated water, wastewater, and environmental solutions in Malaysia.

PUNCAK

RM 0.26

7D

2.0%

1Y

-27.8%