Kuala Lumpur Kepong Bhd (2445) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Kuala Lumpur Kepong Bhd stock MYR 11.70, price MYR 21.00, that is 44.3% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 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 6, 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 21.00 MYR price screens above the 11.70 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 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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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 21.00 MYR, while our model-based Fair Value estimate is 11.70 MYR, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 20.79 MYR per share, and 1 of the 12 models we run sit above the 21.00 MYR price.
Bear case: the Dividend Discount group reads lowest at 3.90 MYR, and 11 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 5.04 MYR (bear) to 19.09 MYR (bull), the price of 21.00 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 52/100 (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 23.4B MYR (≈ $5.8B) Mid · P/S ratio 0.86 · EPS (TTM) −0.5100 MYR · Dividend yield 2.9% · Net margin −2.2% · Return on equity −2.8% · Return on assets (EBIT) 8.0% (5-year average) · Operating margin 10.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 5% fair-value upside, at −44%, 2445 screens richer than that median.
Fair Value models
Bear5.04 MYRFair Value 11.70 MYRBull19.09 MYR
Price 21.00 MYR · Downside -44.3%
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.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
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.
+3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.5%
Dividend (yield on the price)2.9%
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.0.5% vs −2.3%, 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%
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).
+49.5%
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.
+7.8%
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 +46.6% a year for the price and +5.7% 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 · 351 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−44.3% · Bottom 25%
Profitability
Return on assets2.6% · Below median
Net margin (12 months)−2.2% · Bottom 25%
Operating margin (12 months)10.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.7% · Above median
Dividend yield (12 months)2.9% · Above median
Balance sheet
Debt / equity0.45× · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
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 Nov 6, 2026, our model estimates a fair value of 11.70 MYR versus a price of 21.00 MYR, about 44% lower (overvalued).
What is the fair value of 2445?
Our model-based fair value for Kuala Lumpur Kepong Bhd is 11.70 MYR (as of Nov 6, 2026), built from audited fundamentals. The current price: 21.00 MYR.
What is the quality score of 2445?
Kuala Lumpur Kepong Bhd has a Quality Score of 52/100. 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 Nov 6, 2026) from 12 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 44% lower versus a price of 21.00 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 26.3B MYR (latest available figure, as of Nov 6, 2026).
Does Kuala Lumpur Kepong Bhd pay a dividend?
Kuala Lumpur Kepong Bhd currently shows a dividend yield of 2.86% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Kuala Lumpur Kepong Bhd (2445) and when is the ex-dividend date?
Kuala Lumpur Kepong Bhd pays a dividend of 0.6 MYR per share a year, a dividend yield of 2.9%. The last ex-dividend date was Jul 9, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 81.8% of earnings. Free cash flow covers the dividend 0.40 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 +49.5 % 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 Nov 6, 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 +49.5 % 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 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 free-cash-flow growth of +49.5 % 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 Kuala Lumpur Kepong Bhd (2445) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Kuala Lumpur Kepong Bhd (+49.5 % per 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 1.16 %: 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 Nov 6, 2026), against a price of 21.00 MYR. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Kuala Lumpur Kepong Bhd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2445 trades above its calculated fair value: price 21.00 MYR, fair value 11.70 MYR, a gap of about −44% (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 (21.00 MYR); the fair value is what the company's own numbers justify (11.70 MYR). For Kuala Lumpur Kepong Bhd the two are 9.30 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 23.4B MYR (market capitalisation, as of Nov 6, 2026). Per share that is 21.00 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 Nov 6, 2026, price 21.00 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
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 Nov 6, 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 Nov 6, 2026): return on equity −2.8%, debt of 0.45 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 2445 from its 52-week high?
Kuala Lumpur Kepong Bhd trades at 21.00 MYR, about 8% below its 52-week high of 22.90 MYR and 14% above the low of 18.37 MYR (as of Nov 10, 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, Swire Pacific Limited, CITIC Limited, 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 Nov 6, 2026: price 21.00 MYR, calculated fair value 11.70 MYR (−44%), Quality Score 52/100, from 12 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 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 11.70 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 13.7% 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 Nov 10, 2026 was 21.00 MYR. Our model-based fair value is 11.70 MYR, about 44% lower (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 (52/100) 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 23.4B MYR (≈ $5.8B). 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 0.86 (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 Kuala Lumpur Kepong Bhd (2445)?
Earnings per share at Kuala Lumpur Kepong Bhd are −0.5100 MYR. 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 2.9%. 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 −2.2% (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 Kuala Lumpur Kepong Bhd (2445)?
The return on equity (ROE) of Kuala Lumpur Kepong Bhd is −2.8% (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 10.9% (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 +9.7% 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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Nov 6, 2026