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Malayan Banking Berhad (1155) Fair Value & Analysis

Financial Services · MY · Market cap 135B MYR

MB Malayan Banking Berhad 1155 · KLSE
Price10.80 MYR
Fair Value11.30 MYR
Upside+4.6%
Quality64/100
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Mixed Growth
Highly profitable · 36.5% net margin
Low debt · generates free cash flow
5.71% dividend yield
Ranks above peers (13/15)
Wide moat 67/100
Evidence: High Range 8.48 MYR – 14.13 MYR Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 21 days ago

Share price −1.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

12.03 MYR 5.69 MYR Fair Value 11.30 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 5.69 MYR – 12.03 MYR · fair‑value band 8.48 MYR – 14.13 MYR · the 10.80 MYR price screens below the 11.30 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Malayan Banking Berhad (1155) currently trades at 10.80 MYR, while our model-based Fair Value estimate is 11.30 MYR, implying the stock looks roughly 4.6% fairly valued today. We read business quality at 64/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Malayan Banking Berhad generated revenue of 28.5B MYR at a net margin of 36.5%. Revenue declined 5.4% year over year. It earns a return on equity of 11.3%. Net debt stands at 80.9B MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 8.48 MYR (bear case) to 14.13 MYR (bull case); at 10.80 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 5%, 1155 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 13.39 MYR 19.65 MYR 28.78 MYR 80
Residual Income 7.06 MYR 8.03 MYR 12.59 MYR 76
Rev-Margin DCF 9.93 MYR 14.69 MYR 20.32 MYR 74
All 26 models by family
DCF Models
FCF DCF 13.23 MYR 20.41 MYR 31.62 MYR 38
Owner Earnings 11.74 MYR 18.04 MYR 27.87 MYR 31
5Y Revenue Exit 9.93 MYR 14.62 MYR 20.57 MYR 39
5Y EBITDA Exit 12.61 MYR 19.73 MYR 28.09 MYR 41
5Y P/E Exit 12.97 MYR 20.42 MYR 28.31 MYR 38
10Y Revenue Exit 10.77 MYR 15.38 MYR 21.55 MYR 36
10Y EBITDA Exit 12.72 MYR 18.96 MYR 27.38 MYR 37
10Y P/E Exit 12.95 MYR 19.44 MYR 27.55 MYR 35
Earnings-Based
Graham-Dodd 5.91 MYR 19.87 MYR 26.62 MYR 54
Lynch FV 4.53 MYR 6.47 MYR 8.41 MYR 50
PEG = 1.0 4.53 MYR 6.47 MYR 8.41 MYR 46
EPV 9.70 MYR 11.12 MYR 12.36 MYR 59
Dividend Discount
Gordon GGM 5.68 MYR 11.82 MYR 18.74 MYR 70
DDM Multi-Stage 5.68 MYR 9.74 MYR 12.40 MYR 61
Multiples
P/E Multiple 13.04 MYR 17.39 MYR 21.73 MYR 63
P/S Multiple 7.85 MYR 10.47 MYR 13.09 MYR 58
P/B Multiple 11.08 MYR 14.78 MYR 18.47 MYR 55
EV/EBIT 17.17 MYR 22.50 MYR 27.83 MYR 53
EV/EBITDA 13.60 MYR 17.74 MYR 21.88 MYR 54
EV/Revenue 8.50 MYR 11.64 MYR 14.78 MYR 43
Asset-Based
NCAV (Graham) 3.86 MYR 5.18 MYR 7.73 MYR 50
Growth DCF
Growth DCF 13.39 MYR 19.65 MYR 28.78 MYR 80
Rev-Margin DCF 9.93 MYR 14.69 MYR 20.32 MYR 74
Economic Profit
Residual Income 7.06 MYR 8.03 MYR 12.59 MYR 76
ROIC Compounder 10.19 MYR 12.78 MYR 16.04 MYR 72
Growth Earnings
Growth-Adj P/E 11.14 MYR 15.92 MYR 20.70 MYR 68

Widest divergence: DCF Models (18.96 MYR) versus Asset-Based (5.18 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 28.5B MYR
Revenue growth (YoY) -5.4%
Net margin 36.5%
Return on equity 11.3%
Free cash flow 12.6B MYR FY2025
P/E ratio 13.0
More key figures
Operating margin 49.6%
EPS (TTM) 0.8600 MYR
Dividend yield 5.7%
EPS growth (YoY) -4.3%
Net debt 80.9B MYR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 55 · Market factors (momentum, volatility) 64

Profitability 33
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates in three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful.

Full company description

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates in three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful. It offers savings and fixed deposits, and current accounts; and housing and personal loans, project financing, overdrafts, and trade financing, as well as remittance services. The company also provides credit cards; bancassurance products; hire purchase, unit trust, cash management, custodian, and trustee services; and treasury activities and services, including foreign exchange, money market, derivatives, and trading of capital market. In addition, it offers investment banking and securities broking services comprising corporate advisory, bond and equity issuance, syndicated acquisition advisory, debt restructuring advisory, and share and futures dealings; and asset and fund management services, including a range of conventional and Islamic investment solutions. Further, the company underwrites general and life insurance businesses, offshore investment life insurance business, and general and family takaful businesses; and offers offshore and Islamic banking, multi-financing, bureau, corporate finance, property leasing and trading, nominee, property investment, business/economic consultancy and advisory, IT shared and development, financial and investment advisory, research, and leasing and factoring services, as well as business management consultancy/support services. It serves individuals, corporates, financial institutions, government, institution, and commercial customers, as well as micro, small and medium enterprises in Malaysia, Singapore, Indonesia, the Philippines, Brunei Darussalam, the People's Republic of China, Hong Kong SAR, Vietnam, the United Kingdom, the United States of America, Cambodia, Laos, Myanmar, Labuan Offshore, and Thailand. The company was incorporated in 1960 and is headquartered in Kuala Lumpur, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Malayan Banking Berhad reported revenue of 50.7B MYR in FY2025 versus 29.0B MYR in FY2021, a compound +14.9%/yr. Reported net income was 10.5B MYR in FY2025, compounding +6.8%/yr from FY2021.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
50.7B MYR
Latest YoY
+5.4%
Avg. growth/yr (3Y)
+15.9%
Avg. growth/yr (5Y)
+10.0%
Avg. growth/yr (21Y)
+7.8%
Revenue +14.9%/yr
FY21 29.0B MYR
FY22 32.5B MYR
FY23 43.5B MYR
FY24 48.1B MYR
FY25 50.7B MYR
Net income +6.8%/yr
FY21 8.1B MYR
FY22 8.0B MYR
FY23 9.3B MYR
FY24 10.1B MYR
FY25 10.5B MYR

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Cite: Fair Value Calculator (2026). "Malayan Banking Berhad Fair Value". https://www.fairvalue-calculator.com/stock/1155

Peer Group

Banks - Regional · 1082 stocks

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.

Quality Score 63 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 1% · Above median
Net margin (TTM) 37% · Above median
Operating margin (TTM) 50% · Top 25%
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.28× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 13.0× · Pricier than median
P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 1.16× · Cheaper than 75% of peers
P/FCF 2.6× · Cheaper than median
EV/EBITDA 1.3× · Cheaper than 75% of peers
PEG 1.37× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 39 · sector 39
FUTURE 0 · sector 44
PAST 45 · sector 41
HEALTH 86 · sector 85
DIVIDEND 100 · sector 49

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Malayan Banking Berhad (1155) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 11.30 MYR versus a price of 10.80 MYR, about +5% (fairly valued).
What is the fair value of 1155?
Our model-based fair value for Malayan Banking Berhad is 11.30 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 10.80 MYR.
What is the quality score of 1155?
Malayan Banking Berhad has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Malayan Banking Berhad (1155)?
Malayan Banking Berhad reported trailing-twelve-month revenue of about 28.5B MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 1155?
The net profit margin of Malayan Banking Berhad is about 36.5%, meaning it keeps roughly 36.5% of revenue as net income. Based on the latest reported figures.
Does Malayan Banking Berhad pay a dividend?
Malayan Banking Berhad currently shows a dividend yield of about 5.89% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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