YTL Corporation Berhad

KLSE:YTL Stock Report

Market Cap: RM 21.7b

YTL Corporation Berhad Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: YTL (MYR2) is trading below our estimate of fair value (MYR8.21)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for YTL. This is calculated by dividing YTL's market cap by their current earnings.
What is YTL's PE Ratio?
PE Ratio10.3x
EarningsRM 2.14b
Market CapRM 21.74b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for YTL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
YTLPOWR YTL Power International Berhad
7.6x2.3%RM 25.9b
PETGAS PETRONAS Gas Berhad
19x3.6%RM 35.0b
TENAGA Tenaga Nasional Berhad
23.3x11.1%RM 83.5b
GASMSIA Gas Malaysia Berhad
12.4x0.3%RM 4.9b
YTL YTL Corporation Berhad
10.3x10.4%RM 21.7b

Price-To-Earnings vs Peers: YTL is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does YTL's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
YTL 10.3xIndustry Avg. 17.5xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: YTL is good value based on its Price-To-Earnings Ratio (10.3x) compared to the Global Integrated Utilities industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is YTL'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.

YTL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: YTL is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

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 YTL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 2.00
RM 3.62
+81.1%
9.3%RM 4.19RM 3.33n/a4
Nov ’25RM 1.99
RM 3.62
+82.0%
9.3%RM 4.19RM 3.33n/a4
Oct ’25RM 2.51
RM 3.62
+44.3%
9.3%RM 4.19RM 3.33n/a4
Sep ’25RM 2.90
RM 3.62
+24.9%
9.3%RM 4.19RM 3.33n/a4
Aug ’25RM 3.38
RM 3.71
+9.6%
9.4%RM 4.19RM 3.33n/a4
Jul ’25RM 3.62
RM 3.71
+2.3%
9.4%RM 4.19RM 3.33n/a4
Jun ’25RM 3.59
RM 3.71
+3.2%
9.4%RM 4.19RM 3.33n/a4
May ’25RM 3.10
RM 2.87
-7.4%
13.4%RM 3.33RM 2.27n/a4
Apr ’25RM 2.66
RM 3.01
+13.0%
33.5%RM 4.65RM 2.10n/a4
Mar ’25RM 2.60
RM 2.51
-3.7%
13.9%RM 3.00RM 2.10n/a4
Feb ’25RM 2.34
RM 2.17
-7.5%
14.4%RM 2.65RM 1.78n/a4
Jan ’25RM 1.89
RM 2.00
+6.0%
7.9%RM 2.13RM 1.78n/a3
Dec ’24RM 1.49
RM 2.00
+34.5%
7.9%RM 2.13RM 1.78n/a3
Nov ’24RM 1.48
RM 1.80
+21.6%
16.7%RM 2.10RM 1.39RM 1.993
Oct ’24RM 1.52
RM 1.80
+18.4%
16.7%RM 2.10RM 1.39RM 2.513
Sep ’24RM 1.58
RM 1.65
+4.4%
15.8%RM 1.91RM 1.39RM 2.902
Aug ’24RM 1.15
RM 1.17
+1.3%
9.9%RM 1.28RM 1.05RM 3.382
Jul ’24RM 1.04
RM 1.17
+12.0%
9.9%RM 1.28RM 1.05RM 3.622
Jun ’24RM 0.90
RM 1.03
+13.9%
2.4%RM 1.05RM 1.00RM 3.592
May ’24RM 0.66
RM 0.70
+6.8%
17.7%RM 0.83RM 0.58RM 3.102
Apr ’24RM 0.61
RM 0.70
+14.6%
17.7%RM 0.83RM 0.58RM 2.662
Mar ’24RM 0.56
RM 0.70
+25.9%
17.7%RM 0.83RM 0.58RM 2.602
Feb ’24RM 0.56
RM 0.70
+24.8%
17.7%RM 0.83RM 0.58RM 2.342
Jan ’24RM 0.58
RM 0.70
+21.6%
17.7%RM 0.83RM 0.58RM 1.892
Dec ’23RM 0.58
RM 0.70
+20.5%
17.7%RM 0.83RM 0.58RM 1.492
Nov ’23RM 0.56
RM 0.58
+3.2%
30.2%RM 0.79RM 0.36RM 1.483

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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