Malayan United Industries Bhd (3891) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Malayan United Industries Bhd stock MYR 0.11, price MYR 0.04, upside +200.0%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 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 10, 2026.
How to read this chart
60‑month range 0.0350 MYR – 0.1200 MYR · fair‑value band 0.0750 MYR – 0.1370 MYR · the 0.0350 MYR price screens below the 0.1050 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Malayan United Industries Berhad, an investment holding company, primarily engages in the retailing, hotel, property, food, fast food chain, and financial service businesses in Malaysia, the Asia-Pacific, Australia, North America, and the United Kingdom.
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The company operates department and specialty stores; designs, manufactures, sources, distributes, and sells garments and accessories; operates hotel and restaurants; distributes chocolate and other food and beverage products; develops and invests in properties; and sells oil palm fresh fruit bunches.
It also provides management, security, and money lending services; operates food chain and petrol stations; and trades in petroleum products. In addition, the company is engaged in department store operations and fashion retailing.
Malayan United Industries Berhad was incorporated in 1960 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Malayan United Industries Bhd (3891) currently trades at 0.0350 MYR, while our model-based Fair Value estimate is 0.1050 MYR, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.5800 MYR per share, and 13 of the 13 models we run sit above the 0.0350 MYR price.
Bear case: the Asset-Based group reads lowest at 0.1200 MYR, and 0 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.0750 MYR (bear) to 0.1370 MYR (bull), the price of 0.0350 MYR sits below 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 46/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Malayan United Industries Bhd reported revenue of 733M MYR in FY2025 versus 339M MYR in FY2021, a compound +21.2%/yr. Reported net income was −154M MYR in FY2025.
Key figures
Market cap 113M MYR (≈ $27.7M) Micro · P/S ratio 0.18 · EPS (TTM) −0.0500 MYR · Net margin −21.0% · Return on equity −8.6% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin −148% · Revenue (TTM) 733M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −29% fair-value upside, at 200%, 3891 screens cheaper than that median.
Fair Value models
Bear0.0750 MYRFair Value 0.1050 MYRBull0.1370 MYR
Price 0.0350 MYR · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+49.5%
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.
+14.9%
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.
+32.3%
Start year 2020 (pandemic). Over 10 years: +0.7% a year
Revenue growth 14 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.
+0.6%
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Profit margin (trend) ⓘ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.
−27.6% (2020) → 15.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
+13.5%
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 +11.3% a year for the price.
Compare Malayan United Industries Bhd with another stock
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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.Lodging · 164 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets−6.8% · Bottom 25%
Net margin (12 months)−21.0% · Bottom 25%
Operating margin (12 months)−148.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−33.1% · Bottom 25%
Balance sheet
Debt / equity1.02× · Highest 25%
Valuation Multiplesvs Lodging median · lower = cheaper
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). "Malayan United Industries Bhd Fair Value". https://www.fairvalue-calculator.com/stock/3891
Frequently asked questions
Is Malayan United Industries Bhd (3891) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 0.1050 MYR versus a price of 0.0350 MYR, about +200% upside (undervalued).
What is the fair value of 3891?
Our model-based fair value for Malayan United Industries Bhd is 0.1050 MYR (as of Nov 10, 2026), built from audited fundamentals. The current price: 0.0350 MYR.
What is the quality score of 3891?
Malayan United Industries Bhd has a Quality Score of 46/100. 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 Malayan United Industries Bhd (3891)?
Our model-based price target is the fair value of 0.1050 MYR (as of Nov 10, 2026) from 13 valuation models. Cautious scenario 0.0750 MYR, optimistic scenario 0.1370 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Malayan United Industries Bhd stock forecast for 2026?
Our models put fair value at 0.1050 MYR, about +200% upside versus a price of 0.0350 MYR (undervalued). Cautious scenario 0.0750 MYR, optimistic scenario 0.1370 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Malayan United Industries Bhd (3891)?
Malayan United Industries Bhd reported trailing-twelve-month revenue of about 733M MYR (latest available figure, as of Nov 10, 2026).
What growth is priced into Malayan United Industries Bhd (3891)?
For today's price to be fair in a discounted-cash-flow model, Malayan United Industries Bhd would have to grow free cash flow by +13.5 % 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 +32.3 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 3891 use?
Our models discount Malayan United Industries Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.10, 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 Malayan United Industries Bhd that is +13.5 % 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 Malayan United Industries Bhd (3891) delivered so far?
Over the past 5 years revenue at Malayan United Industries Bhd grew +32.3 % a year. The price currently implies free-cash-flow growth of +13.5 % 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 Malayan United Industries Bhd (3891) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Malayan United Industries Bhd (+13.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Malayan United Industries Bhd (3891)?
The free-cash-flow yield on the price is 43.85 %: that much free cash flow Malayan United Industries Bhd 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 Malayan United Industries Bhd (3891)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Malayan United Industries Bhd it is 0.1050 MYR per share (as of Nov 10, 2026), against a price of 0.0350 MYR. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Malayan United Industries Bhd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 3891 trades below its calculated fair value: price 0.0350 MYR, fair value 0.1050 MYR, a gap of about +200% (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 3891?
No. The price is what the market pays today (0.0350 MYR); the fair value is what the company's own numbers justify (0.1050 MYR). For Malayan United Industries Bhd the two are 0.0700 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Malayan United Industries Bhd worth?
The market values Malayan United Industries Bhd at about 113M MYR (market capitalisation, as of Nov 10, 2026). Per share that is 0.0350 MYR; our models calculate a fair value of 0.1050 MYR per share.
What do the bullish and bearish scenarios say about 3891?
Our models span a range for Malayan United Industries Bhd: cautious scenario 0.0750 MYR, base 0.1050 MYR, optimistic 0.1370 MYR per share (as of Nov 10, 2026, price 0.0350 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Malayan United Industries Bhd (3891)?
Balance-sheet figures for Malayan United Industries Bhd (as of Nov 10, 2026): return on equity −8.6%, debt of 1.02 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 3891 from its 52-week high?
Malayan United Industries Bhd trades at 0.0350 MYR, about 46% below its 52-week high of 0.0650 MYR and at the low of 0.0350 MYR (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1050 MYR is for.
Which stocks are comparable to Malayan United Industries Bhd?
From the same area (Consumer Cyclical) we also value Marriott International, Inc, Hilton Worldwide Holdings, Hyatt Hotels Corporation, H World Group, 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 Malayan United Industries Bhd stock attractive at the current price?
The data as of Nov 10, 2026: price 0.0350 MYR, calculated fair value 0.1050 MYR (+200%), Quality Score 46/100, from 13 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 3891 calculated?
We run Malayan United Industries Bhd through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.1050 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 15.1% above its aggregate fair value. Malayan United Industries Bhd currently trades 67% 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 Malayan United Industries Bhd (3891)?
The closing price on Nov 10, 2026 was 0.0350 MYR. Our model-based fair value is 0.1050 MYR, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Malayan United Industries Bhd right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.0750 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.0750 MYR to 0.1370 MYR) leaves room in how you read the outcome.
Key figures of Malayan United Industries Bhd
How large is the market capitalisation of Malayan United Industries Bhd (3891)?
The market capitalisation of Malayan United Industries Bhd is 113M MYR (≈ $27.7M). 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 Malayan United Industries Bhd (3891)?
The price-to-sales ratio of Malayan United Industries Bhd is 0.18 (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 Malayan United Industries Bhd (3891)?
Earnings per share at Malayan United Industries Bhd are −0.0500 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Malayan United Industries Bhd (3891)?
The net margin of Malayan United Industries Bhd is −21.0% (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 Malayan United Industries Bhd (3891)?
The return on equity (ROE) of Malayan United Industries Bhd is −8.6% (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 Malayan United Industries Bhd (3891)?
On an EBIT basis the return on assets of Malayan United Industries Bhd is 1.3% (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 Malayan United Industries Bhd (3891)?
The operating margin of Malayan United Industries Bhd is −148% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Malayan United Industries Bhd (3891)?
Revenue at Malayan United Industries Bhd is growing −33.1% versus a year earlier (3y avg +14.9%). 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 Malayan United Industries Bhd (3891)?
Earnings per share at Malayan United Industries Bhd are growing −4.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Malayan United Industries Bhd (3891) carry?
The net debt of Malayan United Industries Bhd is 453M MYR (fiscal year 2025, ≈ 9.2 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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Thin data
Nov 10, 2026