Kuala Lumpur Kepong Bhd (2445) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kuala Lumpur Kepong Bhd MYR 11.70, price MYR 22.50, upside -48.0%, quality 53 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 15.58 MYR – 25.56 MYR · fair‑value band 5.04 MYR – 19.09 MYR · the 22.50 MYR price screens above the 11.70 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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Kuala Lumpur Kepong Berhad engages in the plantation, manufacturing, and property development businesses. The company operates through five segments: Plantation, Manufacturing, Property Development, Investment Holding, and Others.
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Kuala Lumpur Kepong Berhad engages in the plantation, manufacturing, and property development businesses. The company operates through five segments: Plantation, Manufacturing, Property Development, Investment Holding, and Others. It is involved in the cultivation, processing, and marketing of palm and rubber products; extraction of crude palm oil; refining of palm products; and kernel crushing and trading of palm products. The company also offers oleochemicals, fatty acids and esters, fatty alcohols and derivatives, other chemicals, non-ionic surfactants and esters, and palm phytonutrients and other palm derivatives; specialty fat, shortening, and cocoa butter substitutes products; basic organic chemicals from agricultural products; alcohol ether sulphates, alcohol sulphates, and sulphonic acids; and rubber gloves, parquet flooring products, pharmaceutical and bio-pharmaceutical intermediates, and fine chemicals. In addition, it engages in the provision of farming and management services; agronomic service and research business; operation of biogas capture plants; and placement of deposits with licensed banks, and investment in money market funds and quoted and unquoted corporations. Further, the company operates holiday bungalows; develops residential and commercial properties; stores and distributes bulk liquid; invests in, rents, and manages properties; manufactures jams and preserves; owns and operates aircrafts; and offers offshore captive insurance, management, and consultation services, as well as logistics services related to palm products. It operates in Malaysia, Far East, the Middle East, South East Asia, Southern Asia, Europe, North America, South America, Australia, Africa, and internationally. The company was founded in 1906 and is headquartered in Ipoh, Malaysia.
Stock analysis
Kuala Lumpur Kepong Bhd (2445) currently trades at 22.50 MYR, while our model-based Fair Value estimate is 11.70 MYR, implying the stock looks roughly 92.3% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 12.73 MYR per share, and 0 of the 13 models we run sit above the 22.50 MYR price.
Bear case: the Dividend Discount group reads lowest at 4.42 MYR, and 13 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: 5.04 MYR (bear) to 19.09 MYR (bull), the price of 22.50 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 53/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kuala Lumpur Kepong Bhd reported revenue of 25.0B MYR in FY2025 versus 19.9B MYR in FY2021, a compound +5.9%/yr. Reported net income was 817M MYR in FY2025, compounding −22.4%/yr from FY2021.
Key figures
Market cap 24.9B MYR (≈ $6.1B) · P/E ratio 22.5 · P/S ratio 0.73 · EPS (TTM) 1.00 MYR · Dividend yield 2.7% · Net margin 3.3% · Return on equity 8.4% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 38% fair-value upside, at −48%, 2445 screens richer than that median.
Fair Value models
Bear 5.04 MYRFair Value 11.70 MYRBull 19.09 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 (0.3934 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
+12.3%
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.
−2.7%
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.
+9.9%
Start year 2020 (pandemic). Over 10 years: +6.2% a year
Revenue growth 21 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.
+9.3%
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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. 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.
+3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.5%
Dividend (yield on the price)2.7%
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.1% vs −2%, steady
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.9% → 8%
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).
+50.5%
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.
+4.2%
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 +47.6% a year for the price and +2.2% for the forecasts.
Compare Kuala Lumpur Kepong Bhd with another stock
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.Conglomerates · 378 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−48% · Below median
Profitability
Return on equity (TTM)8% · Above median
Return on assets5% · Top 25%
Net margin (TTM)4% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth3% · Above median
Dividend yield (TTM)2.7% · Above median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (TTM)22.5× · Pricier than median
P/B0.43× · Cheaper than median
P/S (TTM)0.24× · Cheapest 25%
P/FCF22.6× · Priciest 25%
EV/EBITDA3.0× · Cheapest 25%
PEG0.36× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)17· sector 16
PAST (return on equity)33· sector 19
HEALTH (low debt)77· sector 89
DIVIDEND (yield)53· sector 40
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). "Kuala Lumpur Kepong Bhd Fair Value". https://www.fairvalue-calculator.com/stock/2445
Frequently asked questions
Is Kuala Lumpur Kepong Bhd (2445) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.70 MYR versus a price of 22.50 MYR, about −48% upside (overvalued).
What is the fair value of 2445?
Our model-based fair value for Kuala Lumpur Kepong Bhd is 11.70 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 22.50 MYR.
What is the quality score of 2445?
Kuala Lumpur Kepong Bhd has a Quality Score of 53/100. 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 Kuala Lumpur Kepong Bhd (2445)?
Our model-based price target is the fair value of 11.70 MYR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 5.04 MYR, optimistic scenario 19.09 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Kuala Lumpur Kepong Bhd stock forecast for 2026?
Our models put fair value at 11.70 MYR, about −48% upside versus a price of 22.50 MYR (overvalued). Cautious scenario 5.04 MYR, optimistic scenario 19.09 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Kuala Lumpur Kepong Bhd (2445)?
Kuala Lumpur Kepong Bhd reported trailing-twelve-month revenue of about 25.6B MYR (latest available figure, as of Sep 24, 2026).
Does Kuala Lumpur Kepong Bhd pay a dividend?
Kuala Lumpur Kepong Bhd currently shows a dividend yield of about 2.67% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kuala Lumpur Kepong Bhd (2445)?
For today's price to be fair in a discounted-cash-flow model, Kuala Lumpur Kepong Bhd would have to grow free cash flow by +50.5 % 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 +9.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2445 use?
Our models discount Kuala Lumpur Kepong 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 Kuala Lumpur Kepong Bhd that is +50.5 % 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 Kuala Lumpur Kepong Bhd (2445) delivered so far?
Over the past 5 years revenue at Kuala Lumpur Kepong Bhd grew +9.9 % a year. The price currently implies +50.5 % 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 Kuala Lumpur Kepong Bhd (2445) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Kuala Lumpur Kepong Bhd (+50.5 % 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 Kuala Lumpur Kepong Bhd (2445)?
The free-cash-flow yield on the price is 1.09 %: that much free cash flow Kuala Lumpur Kepong 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 Kuala Lumpur Kepong Bhd (2445)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kuala Lumpur Kepong Bhd it is 11.70 MYR per share (as of Sep 24, 2026), against a price of 22.50 MYR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Kuala Lumpur Kepong Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2445 trades above its calculated fair value: price 22.50 MYR, fair value 11.70 MYR, a gap of about −48% (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 2445?
No. The price is what the market pays today (22.50 MYR); the fair value is what the company's own numbers justify (11.70 MYR). For Kuala Lumpur Kepong Bhd the two are 10.80 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Kuala Lumpur Kepong Bhd worth?
The market values Kuala Lumpur Kepong Bhd at about 24.9B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 22.50 MYR; our models calculate a fair value of 11.70 MYR per share.
What do the bullish and bearish scenarios say about 2445?
Our models span a range for Kuala Lumpur Kepong Bhd: cautious scenario 5.04 MYR, base 11.70 MYR, optimistic 19.09 MYR per share (as of Sep 24, 2026, price 22.50 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2445?
Kuala Lumpur Kepong Bhd trades at a price-to-earnings ratio of 22.5 (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 11.70 MYR is built from several models across several years. Other multiples: PEG 0.4, P/B 0.4, P/S 0.2, EV/EBITDA 3.0.
What is the PEG ratio of 2445?
The PEG ratio of Kuala Lumpur Kepong Bhd is 0.36 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Kuala Lumpur Kepong Bhd (2445)?
Balance-sheet figures for Kuala Lumpur Kepong Bhd (as of Sep 24, 2026): return on equity 8.4%, debt of 0.45 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 2445 from its 52-week high?
Kuala Lumpur Kepong Bhd trades at 22.50 MYR, about 2% below its 52-week high of 22.90 MYR and 22% above the low of 18.37 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 11.70 MYR is for.
Which stocks are comparable to Kuala Lumpur Kepong Bhd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 Kuala Lumpur Kepong Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 22.50 MYR, calculated fair value 11.70 MYR (−48%), Quality Score 53/100, 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 2445 calculated?
We run Kuala Lumpur Kepong Bhd through 13 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 11.70 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. Kuala Lumpur Kepong 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 Kuala Lumpur Kepong Bhd (2445)?
The closing price on Sep 23, 2026 was 22.50 MYR. Our model-based fair value is 11.70 MYR, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kuala Lumpur Kepong Bhd right now?
The price sits above even our optimistic bull case (19.09 MYR). The favourable scenario is already priced in. The model range is unusually wide (5.04 MYR to 19.09 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Kuala Lumpur Kepong Bhd (2445) come from?
Earnings per share at Kuala Lumpur Kepong Bhd grew −4.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.9 %, EBIT margin −3.5 %, tax rate −2.9 %, residual (interest, one-offs) −4.3 %. 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 Kuala Lumpur Kepong Bhd
How large is the market capitalisation of Kuala Lumpur Kepong Bhd (2445)?
The market capitalisation of Kuala Lumpur Kepong Bhd is 24.9B MYR (≈ $6.1B). 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 Kuala Lumpur Kepong Bhd (2445)?
The price-to-sales ratio of Kuala Lumpur Kepong Bhd is 0.73 (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 Kuala Lumpur Kepong Bhd (2445)?
Earnings per share at Kuala Lumpur Kepong Bhd are 1.00 MYR (price ÷ EPS = P/E 22.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kuala Lumpur Kepong Bhd (2445)?
The dividend yield of Kuala Lumpur Kepong Bhd is 2.7% (payout 60.0%). 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 Kuala Lumpur Kepong Bhd (2445)?
The net margin of Kuala Lumpur Kepong Bhd is 3.3% (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 Kuala Lumpur Kepong Bhd (2445)?
The return on equity (ROE) of Kuala Lumpur Kepong Bhd is 8.4% (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 Kuala Lumpur Kepong Bhd (2445)?
On an EBIT basis the return on assets of Kuala Lumpur Kepong Bhd is 8.0% (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 Kuala Lumpur Kepong Bhd (2445)?
The operating margin of Kuala Lumpur Kepong Bhd is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kuala Lumpur Kepong Bhd (2445)?
Revenue at Kuala Lumpur Kepong Bhd is growing +3.3% versus a year earlier (3y avg −2.7%). 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 Kuala Lumpur Kepong Bhd (2445)?
Earnings per share at Kuala Lumpur Kepong Bhd are growing +88.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kuala Lumpur Kepong Bhd (2445) carry?
The net debt of Kuala Lumpur Kepong Bhd is 9.6B MYR (fiscal year 2025, ≈ 35.4 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