CelcomDigi Berhad (6947) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CelcomDigi Berhad stock MYR 2.84, price MYR 2.51, upside +13.1%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 2.44 MYR – 4.03 MYR · fair‑value band 1.83 MYR – 3.55 MYR · the 2.51 MYR price screens below the 2.84 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Celcomdigi Berhad, an investment holding company, provides mobile communication services and related products in Malaysia.
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It engages in the establishment, maintenance, and provision of telecommunication and related services; trading and distribution of communication devices and related products; managing retail stores; and fibre optic transmission network and property investment activities.
The company also offers e-commerce, and digital services and solutions; telecommunication infrastructure services; cybersecurity, networking, information, and communication solutions; business management and integration systems; and strategic and business development, management, and administrative support services.
In addition, it provides network communications, capacity, and services; mobile communications and network transmission related services; network and application services; and content solutions. Further, the company deals in marketable securities; and offers software consultancy services.
The company was formerly known as Digi. Com Berhad and changed its name to Celcomdigi Berhad in February 2023. Celcomdigi Berhad was founded in 1995 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
CelcomDigi Berhad (6947) currently trades at 2.51 MYR, while our model-based Fair Value estimate is 2.84 MYR, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 3.23 MYR per share, and 16 of the 24 models we run sit above the 2.51 MYR price.
Bear case: the Earnings-Based group reads lowest at 1.72 MYR, and 8 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.83 MYR (bear) to 3.55 MYR (bull), the price of 2.51 MYR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CelcomDigi Berhad reported revenue of 13.0B MYR in FY2025 versus 6.3B MYR in FY2021, a compound +19.6%/yr. Reported net income was 1.5B MYR in FY2025, compounding +6.8%/yr from FY2021.
Key figures
Market cap 29.4B MYR (≈ $7.3B) Mid · P/E ratio 19.3 · P/S ratio 2.26 · EPS (TTM) 0.1300 MYR · Dividend yield 5.6% · Net margin 11.6% · Return on equity 9.5% · Return on assets (EBIT) 11.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 13%, 6947 screens richer than that median.
Fair Value models
Bear1.83 MYRFair Value 2.84 MYRBull3.55 MYR
Price 2.51 MYR · Upside +13.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.9%
Dividend (yield on the price)5.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.9% vs −5.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.30% → 32%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +2.9% a year for the price and −0.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (5 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Limited signals of advantage in telecom services with modest margins and cash flow as the main weakness alongside thin evidence across most factors.
Main risk: Prepaid subscriber declines together with the transition to Malaysia’s wholesale 5G model pressure revenues and margins in the core business.
CelcomDigi is securing extra spectrum to boost network capacity and coverage after its merger while targeting further cost synergies. Prepaid subscriber declines and the transition to Malaysia’s wholesale 5G model continue to weigh on near-term performance. Our models see the stock as undervalued amid these shifts. Will the spectrum gains and integration benefits outpace the competitive and structural pressures?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 235 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+13.1% · Above median
Profitability
Return on equity (12 months)9.5% · Above median
Return on assets4.2% · Above median
Net margin (12 months)11.6% · Above median
Operating margin (12 months)34.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.6% · Below median
Dividend yield (12 months)5.6% · Above median
Balance sheet
Debt / equity0.47× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (12 months)19.3× · Pricier than median
P/B1.86× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)2.26× · Pricier than median
Price / free cash flow (fiscal year)12.0× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CelcomDigi Berhad Fair Value". https://www.fairvalue-calculator.com/stock/6947
Frequently asked questions
Is CelcomDigi Berhad (6947) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 2.84 MYR versus a price of 2.51 MYR, about +13% upside (undervalued).
What is the fair value of 6947?
Our model-based fair value for CelcomDigi Berhad is 2.84 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 2.51 MYR.
What is the quality score of 6947?
CelcomDigi Berhad has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CelcomDigi Berhad (6947)?
Our model-based price target is the fair value of 2.84 MYR (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 1.83 MYR, optimistic scenario 3.55 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the CelcomDigi Berhad stock forecast for 2026?
Our models put fair value at 2.84 MYR, about +13% upside versus a price of 2.51 MYR (undervalued). Cautious scenario 1.83 MYR, optimistic scenario 3.55 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of CelcomDigi Berhad (6947)?
CelcomDigi Berhad reported trailing-twelve-month revenue of about 13.0B MYR (latest available figure, as of Nov 8, 2026).
Does CelcomDigi Berhad pay a dividend?
CelcomDigi Berhad currently shows a dividend yield of 5.58% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of CelcomDigi Berhad (6947) and when is the ex-dividend date?
CelcomDigi Berhad pays a dividend of 0.14 MYR per share a year, a dividend yield of 5.6%. The last ex-dividend date was Sep 10, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 108% of earnings. Free cash flow covers the dividend 1.49 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into CelcomDigi Berhad (6947)?
For today's price to be fair in a discounted-cash-flow model, CelcomDigi Berhad would have to grow free cash flow by +4.9 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6947 use?
Our models discount CelcomDigi Berhad at 9.7 %: a base by market capitalisation (mid), damped by beta 0.24, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CelcomDigi Berhad that is +4.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has CelcomDigi Berhad (6947) delivered so far?
Over the past 5 years revenue at CelcomDigi Berhad grew +16.1 % a year. The price currently implies free-cash-flow growth of +4.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CelcomDigi Berhad (6947) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into CelcomDigi Berhad (+4.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CelcomDigi Berhad (6947)?
The free-cash-flow yield on the price is 8.31 %: that much free cash flow CelcomDigi Berhad produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CelcomDigi Berhad (6947)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CelcomDigi Berhad it is 2.84 MYR per share (as of Nov 8, 2026), against a price of 2.51 MYR. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is CelcomDigi Berhad stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6947 trades below its calculated fair value: price 2.51 MYR, fair value 2.84 MYR, a gap of about +13% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6947?
No. The price is what the market pays today (2.51 MYR); the fair value is what the company's own numbers justify (2.84 MYR). For CelcomDigi Berhad the two are 0.3300 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is CelcomDigi Berhad worth?
The market values CelcomDigi Berhad at about 29.4B MYR (market capitalisation, as of Nov 8, 2026). Per share that is 2.51 MYR; our models calculate a fair value of 2.84 MYR per share.
What do the bullish and bearish scenarios say about 6947?
Our models span a range for CelcomDigi Berhad: cautious scenario 1.83 MYR, base 2.84 MYR, optimistic 3.55 MYR per share (as of Nov 8, 2026, price 2.51 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6947?
CelcomDigi Berhad trades at a price-to-earnings ratio of 19.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.84 MYR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 26.6. Other multiples: PEG 0.7, P/B 1.9, P/S 2.3, EV/EBITDA 6.6.
What is the PEG ratio of 6947?
The PEG ratio of CelcomDigi Berhad is 0.73 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of CelcomDigi Berhad (6947)?
Balance-sheet figures for CelcomDigi Berhad (as of Nov 8, 2026): return on equity 9.5%, debt of 0.47 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 6947 from its 52-week high?
CelcomDigi Berhad trades at 2.51 MYR, about 30% below its 52-week high of 3.58 MYR and 3% above the low of 2.44 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.84 MYR is for.
Which stocks are comparable to CelcomDigi Berhad?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CelcomDigi Berhad stock attractive at the current price?
The data as of Nov 8, 2026: price 2.51 MYR, calculated fair value 2.84 MYR (+13%), Quality Score 62/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6947 calculated?
We run CelcomDigi Berhad through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2.84 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. CelcomDigi Berhad currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CelcomDigi Berhad (6947)?
The closing price on Nov 6, 2026 was 2.51 MYR. Our model-based fair value is 2.84 MYR, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CelcomDigi Berhad right now?
A fairly wide model range (1.83 MYR to 3.55 MYR) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of CelcomDigi Berhad (6947) come from?
Earnings per share at CelcomDigi Berhad grew −6.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.4 %, EBIT margin −5.2 %, tax rate −0.1 %, residual (interest, one-offs) −3.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CelcomDigi Berhad
How large is the market capitalisation of CelcomDigi Berhad (6947)?
The market capitalisation of CelcomDigi Berhad is 29.4B MYR (≈ $7.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CelcomDigi Berhad (6947)?
The price-to-sales ratio of CelcomDigi Berhad is 2.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CelcomDigi Berhad (6947)?
Earnings per share at CelcomDigi Berhad are 0.1300 MYR (price ÷ EPS = P/E 19.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CelcomDigi Berhad (6947)?
The dividend yield of CelcomDigi Berhad is 5.6% (payout 108%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CelcomDigi Berhad (6947)?
The net margin of CelcomDigi Berhad is 11.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CelcomDigi Berhad (6947)?
The return on equity (ROE) of CelcomDigi Berhad is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CelcomDigi Berhad (6947)?
On an EBIT basis the return on assets of CelcomDigi Berhad is 11.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CelcomDigi Berhad (6947)?
The operating margin of CelcomDigi Berhad is 34.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CelcomDigi Berhad (6947)?
Revenue at CelcomDigi Berhad is growing +0.6% versus a year earlier (3y avg +24.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CelcomDigi Berhad (6947)?
Earnings per share at CelcomDigi Berhad are growing −9.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CelcomDigi Berhad (6947) carry?
The net debt of CelcomDigi Berhad is 12.8B MYR (fiscal year 2025, ≈ 5.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026