AEON Co (Malaysia) Bhd (6599) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AEON Co (Malaysia) Bhd stock MYR 1.60, price MYR 0.88, upside +81.8%, quality 48 out of 100. Rating: strongly 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 0.8800 MYR – 1.46 MYR · fair‑value band 1.10 MYR – 2.08 MYR · the 0.8800 MYR price screens below the 1.60 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow AEON Co (Malaysia) Bhd in your weekly email
Every Wednesday you see whether AEON Co (Malaysia) Bhd is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Aeon Co. (M) Bhd. operates and manages a retail chain of departmental stores and supermarkets in Malaysia. The company operates in two segments, Retailing and Property Management Services. It sells clothing, food, pharmaceuticals, and household products, as well as other merchandise.
Show moreShow less
The company operates general merchandise stores, shopping malls, shopping centers, pharmacies, and shopping malls. In addition, it offers financial and credit services; property management service. Further, the company operates myAEON2go, an e-commerce platform; and foodpanda app for shopping online.
It operates MaxValu customer service, wellness stores, Rocky Basecamp center, and Petemo Petlife Store, as well as provides home essentials, personal care items, stationery, kitchen gadgets, toys, and seasonal products through Daiso flat price outlets; and extensive range of products under the HÓME CÓORDY brand.
The company was formerly known as Jaya Jusco Stores Bhd. and changed its name to Aeon Co. (M) Bhd. in September 2004. Aeon Co. (M) Bhd. was incorporated in 1984 and is headquartered in Kuala Lumpur, Malaysia. Aeon Co. (M) Bhd. is a subsidiary of Aeon Co., Ltd.
Stock analysis
AEON Co (Malaysia) Bhd (6599) currently trades at 0.8800 MYR, while our model-based Fair Value estimate is 1.60 MYR, implying the stock looks roughly 45% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 1.86 MYR per share, and 22 of the 24 models we run sit above the 0.8800 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.4550 MYR, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.10 MYR (bear) to 2.08 MYR (bull), the price of 0.8800 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
AEON Co (Malaysia) Bhd reported revenue of 4.3B MYR in FY2025 versus 3.6B MYR in FY2021, a compound +4.3%/yr. Reported net income was 134M MYR in FY2025, compounding +11.9%/yr from FY2021.
Key figures
Market cap 1.2B MYR (≈ $304M) Small · P/E ratio 8.8 · P/S ratio 0.29 · EPS (TTM) 0.1000 MYR · Dividend yield 5.1% · Net margin 3.5% · Return on equity 7.6% · Return on assets (EBIT) 5.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 31% 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 10% fair-value upside, at 82%, 6599 screens cheaper than that median.
Fair Value models
Bear1.10 MYRFair Value 1.60 MYRBull2.08 MYR
Price 0.8800 MYR · Upside +81.8%
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 (0.0472 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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+0.6%
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.
+1.2%
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.
+1.1%
Start year 2020 (pandemic). Over 10 years: +1.1% 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.
+4.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+14.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)5.1%
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.9.4% vs 0.0%, picking up
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.6% → 7%
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 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).
+9.9%
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.
+4.4%
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 +7.8% a year for the price and +2.4% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Department Stores · 107 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Bottom 25%
Fair Value upside+81.8% · Top 25%
Profitability
Return on equity (12 months)7.6% · Above median
Return on assets2.3% · Above median
Net margin (12 months)3.5% · Above median
Operating margin (12 months)4.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.4% · Below median
Dividend yield (12 months)5.1% · Top 25%
Balance sheet
Debt / equity0.28× · Above median
Valuation Multiplesvs Department Stores median · lower = cheaper
P/E (12 months)8.8× · Cheapest 25%
P/B0.62× · Cheapest 25%
P/S (12 months)0.29× · Cheapest 25%
Price / free cash flow (fiscal year)12.7× · 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). "AEON Co (Malaysia) Bhd Fair Value". https://www.fairvalue-calculator.com/stock/6599
Frequently asked questions
Is AEON Co (Malaysia) Bhd (6599) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 1.60 MYR versus a price of 0.8800 MYR, about +82% upside (undervalued).
What is the fair value of 6599?
Our model-based fair value for AEON Co (Malaysia) Bhd is 1.60 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 0.8800 MYR.
What is the quality score of 6599?
AEON Co (Malaysia) Bhd has a Quality Score of 48/100. 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 AEON Co (Malaysia) Bhd (6599)?
Our model-based price target is the fair value of 1.60 MYR (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 1.10 MYR, optimistic scenario 2.08 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the AEON Co (Malaysia) Bhd stock forecast for 2026?
Our models put fair value at 1.60 MYR, about +82% upside versus a price of 0.8800 MYR (undervalued). Cautious scenario 1.10 MYR, optimistic scenario 2.08 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of AEON Co (Malaysia) Bhd (6599)?
AEON Co (Malaysia) Bhd reported trailing-twelve-month revenue of about 4.3B MYR (latest available figure, as of Nov 8, 2026).
Does AEON Co (Malaysia) Bhd pay a dividend?
AEON Co (Malaysia) Bhd currently shows a dividend yield of 5.11% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of AEON Co (Malaysia) Bhd (6599) and when is the ex-dividend date?
AEON Co (Malaysia) Bhd pays a dividend of 0.045 MYR per share a year, a dividend yield of 5.1%. The last ex-dividend date was May 29, 2026. A dividend has been paid every year since at least 1997. The payout ratio is 45.0% of earnings. Free cash flow covers the dividend 1.54 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 AEON Co (Malaysia) Bhd (6599)?
For today's price to be fair in a discounted-cash-flow model, AEON Co (Malaysia) Bhd would have to grow free cash flow by +9.9 % 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 +1.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6599 use?
Our models discount AEON Co (Malaysia) Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.32, 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 AEON Co (Malaysia) Bhd that is +9.9 % 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 AEON Co (Malaysia) Bhd (6599) delivered so far?
Over the past 5 years revenue at AEON Co (Malaysia) Bhd grew +1.2 % a year. The price currently implies free-cash-flow growth of +9.9 % 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 AEON Co (Malaysia) Bhd (6599) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into AEON Co (Malaysia) Bhd (+9.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AEON Co (Malaysia) Bhd (6599)?
The free-cash-flow yield on the price is 7.88 %: that much free cash flow AEON Co (Malaysia) 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 AEON Co (Malaysia) Bhd (6599)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AEON Co (Malaysia) Bhd it is 1.60 MYR per share (as of Nov 8, 2026), against a price of 0.8800 MYR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is AEON Co (Malaysia) Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6599 trades below its calculated fair value: price 0.8800 MYR, fair value 1.60 MYR, a gap of about +82% (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 6599?
No. The price is what the market pays today (0.8800 MYR); the fair value is what the company's own numbers justify (1.60 MYR). For AEON Co (Malaysia) Bhd the two are 0.7200 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is AEON Co (Malaysia) Bhd worth?
The market values AEON Co (Malaysia) Bhd at about 1.2B MYR (market capitalisation, as of Nov 8, 2026). Per share that is 0.8800 MYR; our models calculate a fair value of 1.60 MYR per share.
What do the bullish and bearish scenarios say about 6599?
Our models span a range for AEON Co (Malaysia) Bhd: cautious scenario 1.10 MYR, base 1.60 MYR, optimistic 2.08 MYR per share (as of Nov 8, 2026, price 0.8800 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6599?
AEON Co (Malaysia) Bhd trades at a price-to-earnings ratio of 8.8 (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 1.60 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: 19.4. Other multiples: PEG 2.3, P/B 0.6, P/S 0.3, EV/EBITDA 2.4.
What is the PEG ratio of 6599?
The PEG ratio of AEON Co (Malaysia) Bhd is 2.31 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of AEON Co (Malaysia) Bhd (6599)?
Balance-sheet figures for AEON Co (Malaysia) Bhd (as of Nov 8, 2026): return on equity 7.6%, debt of 0.28 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 6599 from its 52-week high?
AEON Co (Malaysia) Bhd trades at 0.8800 MYR, about 31% below its 52-week high of 1.28 MYR and at the low of 0.8800 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1.60 MYR is for.
Which stocks are comparable to AEON Co (Malaysia) Bhd?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, 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 AEON Co (Malaysia) Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 0.8800 MYR, calculated fair value 1.60 MYR (+82%), Quality Score 48/100, 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 6599 calculated?
We run AEON Co (Malaysia) Bhd through 24 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 1.60 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. AEON Co (Malaysia) Bhd currently trades 45% 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 AEON Co (Malaysia) Bhd (6599)?
The closing price on Nov 6, 2026 was 0.8800 MYR. Our model-based fair value is 1.60 MYR, about +82% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AEON Co (Malaysia) Bhd right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (1.10 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 (1.10 MYR to 2.08 MYR) leaves room in how you read the outcome.
Where does the earnings growth of AEON Co (Malaysia) Bhd (6599) come from?
Earnings per share at AEON Co (Malaysia) Bhd grew −1.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.0 %, EBIT margin +1.5 %, tax rate −0.6 %, residual (interest, one-offs) −3.7 %. 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 AEON Co (Malaysia) Bhd
How large is the market capitalisation of AEON Co (Malaysia) Bhd (6599)?
The market capitalisation of AEON Co (Malaysia) Bhd is 1.2B MYR (≈ $304M). 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 AEON Co (Malaysia) Bhd (6599)?
The price-to-sales ratio of AEON Co (Malaysia) Bhd is 0.29 (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 AEON Co (Malaysia) Bhd (6599)?
Earnings per share at AEON Co (Malaysia) Bhd are 0.1000 MYR (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AEON Co (Malaysia) Bhd (6599)?
The dividend yield of AEON Co (Malaysia) Bhd is 5.1% (payout 45.0%). 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 AEON Co (Malaysia) Bhd (6599)?
The net margin of AEON Co (Malaysia) Bhd is 3.5% (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 AEON Co (Malaysia) Bhd (6599)?
The return on equity (ROE) of AEON Co (Malaysia) Bhd is 7.6% (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 AEON Co (Malaysia) Bhd (6599)?
On an EBIT basis the return on assets of AEON Co (Malaysia) Bhd is 5.3% (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 AEON Co (Malaysia) Bhd (6599)?
The operating margin of AEON Co (Malaysia) Bhd is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AEON Co (Malaysia) Bhd (6599)?
Revenue at AEON Co (Malaysia) Bhd is growing −0.4% versus a year earlier (3y avg +1.2%). 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 AEON Co (Malaysia) Bhd (6599)?
Earnings per share at AEON Co (Malaysia) Bhd are growing +15.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AEON Co (Malaysia) Bhd (6599) carry?
The net debt of AEON Co (Malaysia) Bhd is 2.1B MYR (fiscal year 2025, ≈ 21.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch AEON Co (Malaysia) Bhd in the live analysis
One click puts AEON Co (Malaysia) Bhd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 8, 2026