IOI Corporation Bhd (1961) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of IOI Corporation Bhd MYR 1.66, price MYR 4.78, upside -65.3%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 3.16 MYR – 4.93 MYR · fair‑value band 0.9800 MYR – 2.72 MYR · the 4.78 MYR price screens above the 1.66 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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IOI Corporation Berhad, an investment holding company, primarily engages in the plantation business in Malaysia, Europe, North America, Asia, and internationally. The company operates through two segments, Plantation and Resource-Based Manufacturing.
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IOI Corporation Berhad, an investment holding company, primarily engages in the plantation business in Malaysia, Europe, North America, Asia, and internationally. The company operates through two segments, Plantation and Resource-Based Manufacturing. It cultivates oil palm, softwood timber, rubber, and coconut; refines and processes crude palm, crude coconut, and palm kernel oils; and manufactures specialty oils and fats. The company also manufactures and exports fatty acids, soap noodles, glycerin, fatty esters, and other related products. In addition, it is involved in the commercialization of clonal ramets, tissue culturing process and biotechnology related research and development activities; provision of management and marketing services; production and supply of palm-based renewable energy; and trading of palm oil commodities, oilseeds, and edible oils and fats; and the processing of raw materials for the edible oils and fats industry. Further, the company engages in the property development, maintenance, and investment activities; issuance of exchangeable bonds and guaranteed notes; processing of oil palm trunks; storage tanks rental activities; manufacturing of oleochemical products; and provision of bulk cargo warehousing services, as well as treasury management services and management consulting services. Additionally, it is involved in the manufacture and sale of pharmaceutical products, plasticizer products, margarine, and shortening and fat spreads; manufacture of palm wood boards and panels under the OnCore brand name used in the furniture, construction, and building industries; and development of a proprietary keto-ester portfolio. The company was formerly known as Industrial Oxygen Incorporated Sdn Bhd and changed its name to IOI Corporation Berhad in March 1995. IOI Corporation Berhad was incorporated in 1969 and is based in Putrajaya, Malaysia.IOI Corporation Berhad is a subsidiary of Progressive Holdings Sdn. Bhd.
Stock analysis
IOI Corporation Bhd (1961) currently trades at 4.78 MYR, while our model-based Fair Value estimate is 1.66 MYR, implying the stock looks roughly 187.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3.84 MYR per share, and 1 of the 24 models we run sit above the 4.78 MYR price.
Bear case: the Growth DCF group reads lowest at 0.6400 MYR, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 0.9800 MYR (bear) to 2.72 MYR (bull), the price of 4.78 MYR sits above 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 67/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
IOI Corporation Bhd reported revenue of 11.3B MYR in FY2025 versus 11.3B MYR in FY2021, a compound +0.2%/yr. Reported net income was 1.5B MYR in FY2025, compounding +2.2%/yr from FY2021.
Key figures
Market cap 29.7B MYR (≈ $7.3B) · P/E ratio 18.4 · P/S ratio 2.47 · EPS (TTM) 0.2600 MYR · Dividend yield 2.3% · Net margin 13.4% · Return on equity 12.9% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −2% fair-value upside, at −65%, 1961 screens richer than that median.
Fair Value models
Bear 0.9800 MYRFair Value 1.66 MYRBull 2.72 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.1500 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.Evidence ⓘEvidence = 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
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+18.0%
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.
−10.1%
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.
+7.8%
Start year 2020 (pandemic). Over 10 years: −0.2% a year
Revenue growth 19 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.
+3.3%
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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. Basis: EBIT basis. 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.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.5%
Dividend (yield on the price)2.3%
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.20% vs 9%, 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.13% → 12%
Start year 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).
+42.8%
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.
+3.7%
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 +40.1% a year for the price and +1.7% for the forecasts.
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.Packaged Foods · 667 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−65% · Bottom 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets5% · Above median
Net margin (TTM)14% · Top 25%
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (TTM)18.4× · Pricier than median
P/B0.59× · Cheapest 25%
P/S (TTM)0.62× · Cheaper than median
P/FCF20.7× · Priciest 25%
EV/EBITDA4.9× · Cheaper than median
PEG1.12× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)0· sector 19
PAST (return on equity)51· sector 29
HEALTH (low debt)90· sector 96
DIVIDEND (yield)46· sector 58
VALUE 0: the price sits above our fair-value range.
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). "IOI Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/1961
Frequently asked questions
Is IOI Corporation Bhd (1961) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1.66 MYR versus a price of 4.78 MYR, about −65% upside (overvalued).
What is the fair value of 1961?
Our model-based fair value for IOI Corporation Bhd is 1.66 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 4.78 MYR.
What is the quality score of 1961?
IOI Corporation Bhd has a Quality Score of 67/100. 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 IOI Corporation Bhd (1961)?
Our model-based price target is the fair value of 1.66 MYR (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 0.9800 MYR, optimistic scenario 2.72 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the IOI Corporation Bhd stock forecast for 2026?
Our models put fair value at 1.66 MYR, about −65% upside versus a price of 4.78 MYR (overvalued). Cautious scenario 0.9800 MYR, optimistic scenario 2.72 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of IOI Corporation Bhd (1961)?
IOI Corporation Bhd reported trailing-twelve-month revenue of about 11.7B MYR (latest available figure, as of Sep 24, 2026).
Does IOI Corporation Bhd pay a dividend?
IOI Corporation Bhd currently shows a dividend yield of about 2.30% relative to its recent price (as of Sep 24, 2026).
What growth is priced into IOI Corporation Bhd (1961)?
For today's price to be fair in a discounted-cash-flow model, IOI Corporation Bhd would have to grow free cash flow by +42.8 % 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 +7.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1961 use?
Our models discount IOI Corporation 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 IOI Corporation Bhd that is +42.8 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has IOI Corporation Bhd (1961) delivered so far?
Over the past 5 years revenue at IOI Corporation Bhd grew +7.8 % a year. The price currently implies +42.8 % per year free-cash-flow growth a 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 IOI Corporation Bhd (1961) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into IOI Corporation Bhd (+42.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IOI Corporation Bhd (1961)?
The free-cash-flow yield on the price is 1.19 %: that much free cash flow IOI Corporation 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 IOI Corporation Bhd (1961)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IOI Corporation Bhd it is 1.66 MYR per share (as of Sep 24, 2026), against a price of 4.78 MYR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is IOI Corporation Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1961 trades above its calculated fair value: price 4.78 MYR, fair value 1.66 MYR, a gap of about −65% (overvalued). 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 1961?
No. The price is what the market pays today (4.78 MYR); the fair value is what the company's own numbers justify (1.66 MYR). For IOI Corporation Bhd the two are 3.12 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is IOI Corporation Bhd worth?
The market values IOI Corporation Bhd at about 29.7B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 4.78 MYR; our models calculate a fair value of 1.66 MYR per share.
What do the bullish and bearish scenarios say about 1961?
Our models span a range for IOI Corporation Bhd: cautious scenario 0.9800 MYR, base 1.66 MYR, optimistic 2.72 MYR per share (as of Sep 24, 2026, price 4.78 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1961?
IOI Corporation Bhd trades at a price-to-earnings ratio of 18.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.66 MYR is built from several models across several years. Other multiples: PEG 1.1, P/B 0.6, P/S 0.6, EV/EBITDA 4.9.
What is the PEG ratio of 1961?
The PEG ratio of IOI Corporation Bhd is 1.12 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of IOI Corporation Bhd (1961)?
Balance-sheet figures for IOI Corporation Bhd (as of Sep 24, 2026): return on equity 12.9%, debt of 0.20 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 1961 from its 52-week high?
IOI Corporation Bhd trades at 4.78 MYR, about 3% below its 52-week high of 4.93 MYR and 24% above the low of 3.85 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1.66 MYR is for.
Which stocks are comparable to IOI Corporation Bhd?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, The Kraft Heinz Company, Foshan Haitian Flavouring and Food Company, 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 IOI Corporation Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 4.78 MYR, calculated fair value 1.66 MYR (−65%), Quality Score 67/100, 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 1961 calculated?
We run IOI Corporation Bhd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1.66 MYR, 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 14.1 % above its aggregate fair value. IOI Corporation Bhd itself currently trades above fair value. 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 IOI Corporation Bhd (1961)?
The closing price on Sep 23, 2026 was 4.78 MYR. Our model-based fair value is 1.66 MYR, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IOI Corporation Bhd right now?
The price sits above even our optimistic bull case (2.72 MYR). The favourable scenario is already priced in. The model range is unusually wide (0.9800 MYR to 2.72 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of IOI Corporation Bhd (1961) come from?
Earnings per share at IOI Corporation Bhd grew −0.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.6 %, EBIT margin −0.2 %, tax rate −0.3 %, residual (interest, one-offs) +0.1 %. 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 IOI Corporation Bhd
How large is the market capitalisation of IOI Corporation Bhd (1961)?
The market capitalisation of IOI Corporation Bhd is 29.7B MYR (≈ $7.3B). 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 IOI Corporation Bhd (1961)?
The price-to-sales ratio of IOI Corporation Bhd is 2.47 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IOI Corporation Bhd (1961)?
Earnings per share at IOI Corporation Bhd are 0.2600 MYR (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IOI Corporation Bhd (1961)?
The dividend yield of IOI Corporation Bhd is 2.3% (payout 42.3%). 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 IOI Corporation Bhd (1961)?
The net margin of IOI Corporation Bhd is 13.4% (fiscal year 2025). 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 IOI Corporation Bhd (1961)?
The return on equity (ROE) of IOI Corporation Bhd is 12.9% (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 IOI Corporation Bhd (1961)?
On an EBIT basis the return on assets of IOI Corporation Bhd is 8.2% (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 IOI Corporation Bhd (1961)?
The operating margin of IOI Corporation Bhd is 10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IOI Corporation Bhd (1961)?
Revenue at IOI Corporation Bhd is growing −2.2% versus a year earlier (3y avg −10.1%). 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 IOI Corporation Bhd (1961)?
Earnings per share at IOI Corporation Bhd are growing +6.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does IOI Corporation Bhd (1961) carry?
The net debt of IOI Corporation Bhd is 2.7B MYR (fiscal year 2025, ≈ 7.6 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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Broad data
Sep 24, 2026