United Plantations Bhd (2089) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of United Plantations Bhd stock MYR 33.42, price MYR 30.38, upside +10.0%, quality 79 out of 100. Rating: fairly valued. Calculated from audited financials with 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 9, 2026.
How to read this chart
60‑month range 7.70 MYR – 35.02 MYR · fair‑value band 19.75 MYR – 45.53 MYR · the 30.38 MYR price screens below the 33.42 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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United Plantations Berhad engages in the cultivation and processing of oil palm and coconuts in Malaysia, Indonesia, Europe, the United States, and internationally. It operates through Plantations, Palm Oil Refining, and Other segments.
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The company offers edible oils, fats, and cocoa butter substitutes; and trades in crude palm oil and palm kernel products. It also provides trading and marketing services. United Plantations Berhad was founded in 1906 and is based in Teluk Intan, Malaysia.
Stock analysis
United Plantations Bhd (2089) currently trades at 30.38 MYR, while our model-based Fair Value estimate is 33.42 MYR, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 24.08 MYR per share, and 1 of the 26 models we run sit above the 30.38 MYR price.
Bear case: the Economic Profit group reads lowest at 11.43 MYR, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 19.75 MYR (bear) to 45.53 MYR (bull), the price of 30.38 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 79/100 (high quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
United Plantations Bhd reported revenue of 2.5B MYR in FY2025 versus 2.0B MYR in FY2021, a compound +5.4%/yr. Reported net income was 825M MYR in FY2025, compounding +12.3%/yr from FY2021.
Key figures
Market cap 18.9B MYR (≈ $4.7B) Mid · P/E ratio 22.8 · P/S ratio 7.05 · EPS (TTM) 1.33 MYR · Dividend yield 1.7% · Net margin 28.6% · Return on equity 28.4% · Return on assets (EBIT) 26.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 10%, 2089 screens cheaper than that median.
Fair Value models
Bear19.75 MYRFair Value 33.42 MYRBull45.53 MYR
Price 30.38 MYR · Upside +10.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.7032 MYR per share) are deliberately not added.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.99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.4%
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.
+0.0%
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.
+13.4%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 13 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.
+6.0%
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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.
+8.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.6%
Dividend (yield on the price)1.7%
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.6.6% vs 5.9%, 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.36% → 42%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+18.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +16.3% a year for the price.
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.Farm Products · 290 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)28.4% · Top 25%
Return on assets24.9% · Top 25%
Net margin (12 months)28.6% · Top 25%
Operating margin (12 months)40.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.5% · Below median
Dividend yield (12 months)1.7% · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "United Plantations Bhd Fair Value". https://www.fairvalue-calculator.com/stock/2089
Frequently asked questions
Is United Plantations Bhd (2089) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 33.42 MYR versus a price of 30.38 MYR, about +10% upside (fairly valued).
What is the fair value of 2089?
Our model-based fair value for United Plantations Bhd is 33.42 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 30.38 MYR.
What is the quality score of 2089?
United Plantations Bhd has a Quality Score of 79/100. 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 United Plantations Bhd (2089)?
Our model-based price target is the fair value of 33.42 MYR (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 19.75 MYR, optimistic scenario 45.53 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the United Plantations Bhd stock forecast for 2026?
Our models put fair value at 33.42 MYR, about +10% upside versus a price of 30.38 MYR (fairly valued). Cautious scenario 19.75 MYR, optimistic scenario 45.53 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of United Plantations Bhd (2089)?
United Plantations Bhd reported trailing-twelve-month revenue of about 2.7B MYR (latest available figure, as of Nov 9, 2026).
Does United Plantations Bhd pay a dividend?
United Plantations Bhd currently shows a dividend yield of 1.68% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of United Plantations Bhd (2089) and when is the ex-dividend date?
United Plantations Bhd pays a dividend of 0.51 MYR per share a year, a dividend yield of 1.7%. The last ex-dividend date was Apr 24, 2026. A dividend has been paid every year since at least 1995. The payout ratio is 38.3% of earnings. Free cash flow covers the dividend 2.16 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into United Plantations Bhd (2089)?
For today's price to be fair in a discounted-cash-flow model, United Plantations Bhd would have to grow free cash flow by +18.6 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.4 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 2089 use?
Our models discount United Plantations Bhd at 11.1 %: a base by market capitalisation (mid), 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 United Plantations Bhd that is +18.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has United Plantations Bhd (2089) delivered so far?
Over the past 5 years revenue at United Plantations Bhd grew +13.4 % a year. The price currently implies free-cash-flow growth of +18.6 % 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 United Plantations Bhd (2089) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into United Plantations Bhd (+18.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of United Plantations Bhd (2089)?
The free-cash-flow yield on the price is 3.62 %: that much free cash flow United Plantations Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of United Plantations Bhd (2089)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Plantations Bhd it is 33.42 MYR per share (as of Nov 9, 2026), against a price of 30.38 MYR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is United Plantations Bhd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 2089 trades below its calculated fair value: price 30.38 MYR, fair value 33.42 MYR, a gap of about +10% (fairly valued). 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 2089?
No. The price is what the market pays today (30.38 MYR); the fair value is what the company's own numbers justify (33.42 MYR). For United Plantations Bhd the two are 3.04 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is United Plantations Bhd worth?
The market values United Plantations Bhd at about 18.9B MYR (market capitalisation, as of Nov 9, 2026). Per share that is 30.38 MYR; our models calculate a fair value of 33.42 MYR per share.
What do the bullish and bearish scenarios say about 2089?
Our models span a range for United Plantations Bhd: cautious scenario 19.75 MYR, base 33.42 MYR, optimistic 45.53 MYR per share (as of Nov 9, 2026, price 30.38 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2089?
United Plantations Bhd trades at a price-to-earnings ratio of 22.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 33.42 MYR is built from several models across several years. Other multiples: PEG 3.9, P/B 6.6, P/S 7.1, EV/EBITDA 16.5.
What is the PEG ratio of 2089?
The PEG ratio of United Plantations Bhd is 3.91 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of United Plantations Bhd (2089)?
Balance-sheet figures for United Plantations Bhd (as of Nov 9, 2026): return on equity 28.4%. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is 2089 from its 52-week high?
United Plantations Bhd trades at 30.38 MYR, about 13% below its 52-week high of 35.02 MYR and 22% above the low of 24.87 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 33.42 MYR is for.
Which stocks are comparable to United Plantations Bhd?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, 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 United Plantations Bhd stock attractive at the current price?
The data as of Nov 9, 2026: price 30.38 MYR, calculated fair value 33.42 MYR (+10%), Quality Score 79/100, from 26 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 2089 calculated?
We run United Plantations Bhd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 33.42 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 13.3% above its aggregate fair value. United Plantations Bhd currently trades 9% 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 United Plantations Bhd (2089)?
The closing price on Nov 6, 2026 was 30.38 MYR. Our model-based fair value is 33.42 MYR, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United Plantations Bhd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (19.75 MYR to 45.53 MYR) leaves room in how you read the outcome.
Key figures of United Plantations Bhd
How large is the market capitalisation of United Plantations Bhd (2089)?
The market capitalisation of United Plantations Bhd is 18.9B MYR (≈ $4.7B). 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 United Plantations Bhd (2089)?
The price-to-sales ratio of United Plantations Bhd is 7.05 (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 United Plantations Bhd (2089)?
Earnings per share at United Plantations Bhd are 1.33 MYR (price ÷ EPS = P/E 22.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United Plantations Bhd (2089)?
The dividend yield of United Plantations Bhd is 1.7% (payout 38.3%). 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 United Plantations Bhd (2089)?
The net margin of United Plantations Bhd is 28.6% (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 United Plantations Bhd (2089)?
The return on equity (ROE) of United Plantations Bhd is 28.4% (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 United Plantations Bhd (2089)?
On an EBIT basis the return on assets of United Plantations Bhd is 26.7% (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 United Plantations Bhd (2089)?
The operating margin of United Plantations Bhd is 40.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United Plantations Bhd (2089)?
Revenue at United Plantations Bhd is growing +0.5% versus a year earlier (3y avg 0.0%). 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 United Plantations Bhd (2089)?
Earnings per share at United Plantations Bhd are growing −22.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026