1899 Fair Value & Analysis

Industrials · MY · Market cap 8.3B MYR

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.
• Our model range runs from 15.40 MYR (bear) to 25.66 MYR (bull), base 20.53 MYR. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 56/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 13.80 MYR – 24.98 MYR · fair‑value band 15.40 MYR – 25.66 MYR · the 21.44 MYR price screens above the 20.53 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

1899 (1899) currently trades at 21.44 MYR, while our model-based Fair Value estimate is 20.53 MYR, implying the stock looks roughly 4.2% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, 1899 generated revenue of 26.3B MYR at a net margin of 2.3%. Revenue grew 3.2% year over year. It earns a return on equity of 8.3%. Net debt stands at 9.5B MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 15.40 MYR (bear case) to 25.66 MYR (bull case); at 21.44 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 2% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -4%, 1899 screens cheaper 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.

Widest divergence: Earnings-Based (23.88 MYR) versus Growth DCF (3.06 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Batu Kawan Berhad, an investment holding company, cultivates and processes palm and rubber products in Malaysia, the Far East, the Middle East, South East Asia, Southern Asia, Europe, North and South America, Australia, Africa, and internationally.

Full company description

Batu Kawan Berhad, an investment holding company, cultivates and processes palm and rubber products in Malaysia, the Far East, the Middle East, South East Asia, Southern Asia, Europe, North and South America, Australia, Africa, and internationally. It operates through four segments: Plantation, Manufacturing, Property Development, and Investment Holding/Others. The company manufactures and sells methyl chloride, oleochemicals, alcohol ether sulphates, alcohol sulphates and sulphonic acids, and basic organic chemicals from agricultural products; and manufactures and markets coagulants, industrial and specialty chemicals, soap noodles, industrial amides, polymer products, sulphuric acid, sulphur derivatives, calcium nitrate, methyl esters, and glycerine, as well as chlor-alkali chemicals comprising caustic soda, hydrochloric acid, liquid chlorine, sodium hypochlorite, and ferric chloride; and parquet flooring products. It also involved in letting of storage warehouse facilities; operating biogas capture plants; plantation and kernel crushing; agronomic service and research; investment, development, management, and renting of properties; manufacturing of biodiesel, palm phytonutrients, and other palm derivatives; production and distribution of fatty alcohols and derivatives, fatty acids, fatty esters, and other chemicals; management of plantations; and manufacturing and distribution of nonionic surfactants and esters. In addition, the company offers logistics services related to palm products; markets refined palm oil products; manufactures and trades in rubber products; sells pharmaceutical and bio-pharmaceutical intermediates and fine chemicals; stores and distributes bulk liquids; operates holiday bungalows; manufactures jams and preserves; extracts crude palm oil; and farming, trustee, offshore captive insurance, and general transportation and workshop services. The company was incorporated in 1965 and is headquartered in Ipoh, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1899 reported revenue of 25.7B MYR in FY2025 versus 20.7B MYR in FY2021, a compound +5.6%/yr. Reported net income was 468M MYR in FY2025, compounding −20.1%/yr from FY2021.

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Peer Group

Conglomerates · 370 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.

Valuation Multiples vs Conglomerates median · lower = cheaper

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.

Values & ESG

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

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

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Frequently asked questions

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.