United Malacca Berhad, an investment holding company, (2593) Fair Value & Analysis
Consumer Defensive · MY · Market cap 1.3B MYR
Fair value as of: Jul 14, 2026
From 26 valuation models · updated 27 days ago
Fair value updated Jul 14, 2026, revised from 9.65 MYR to 8.50 MYR (−11.9%) since Jul 7, 2026. Share price −1.7% over the past month.
A strong business, screening 44% undervalued on our models.
What matters now
- The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (6.38 MYR). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range 3.87 MYR – 6.09 MYR · fair‑value band 6.38 MYR – 10.63 MYR · the 5.90 MYR price screens below the 8.50 MYR fair value. Dashed = 300-day average. As of Jul 14, 2026.
Analysis
United Malacca Berhad, an investment holding company, (2593) currently trades at 5.90 MYR, while our model-based Fair Value estimate is 8.50 MYR, implying the stock looks roughly 44.1% undervalued today. The Quality Score stands at 76/100 (high quality), in the Consumer Defensive 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, United Malacca Berhad, an investment holding company, generated revenue of 796M MYR at a net margin of 18.2%. Revenue declined 0.3% year over year. It earns a return on equity of 9.5%. Net debt stands at 29.9M MYR. Fundamentals as of Jul 14, 2026
Our scenario range runs from 6.38 MYR (bear case) to 10.63 MYR (bull case); at 5.90 MYR, the current price sits below 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 1% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 44%, 2593 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.
All 26 models by family
Widest divergence: DCF Models (18.04 MYR) versus Dividend Discount (2.56 MYR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 67
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
United Malacca Berhad, an investment holding company, engages in the palm oil cultivation, palm oil milling, and agroforestry plantation businesses in Malaysia and Indonesia. The company operates through two segments, Plantation and Investment Holding. It provides management consultancy services.
Full company description
United Malacca Berhad, an investment holding company, engages in the palm oil cultivation, palm oil milling, and agroforestry plantation businesses in Malaysia and Indonesia. The company operates through two segments, Plantation and Investment Holding. It provides management consultancy services. The company was formerly known as The United Malacca Rubber Estates, Berhad. United Malacca Berhad was incorporated in 1910 and is headquartered in Taman Melaka Raya, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
United Malacca Berhad, an investment holding company, reported revenue of 813M MYR in FY2026 versus 554M MYR in FY2022, a compound +10.1%/yr. Reported net income was 145M MYR in FY2026, compounding +7.5%/yr from FY2022.
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Peer Group
Farm Products · 288 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 Farm Products 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.
Similar stocks
10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Muyuan Foods Group 002714 | ¥40.90 | ¥48.19 | +18% |
| Wens Foodstuff Group 300498 | ¥14.51 | ¥12.08 | -17% |
| Mowi ASA MOWI | kr 188.40 | kr 262.59 | +39% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 3,120 IDR | 7,076 IDR | +127% |
| Charoen Pokphand Foods Public Company CPF | 22.00 THB | 55.71 THB | +153% |
| PT Triputra Agro Persada Tbk TAPG | 1,540 IDR | 3,105 IDR | +102% |
| PT FAP Agri Tbk FAPA | 7,300 IDR | 7,463 IDR | +2% |
| PT Japfa Comfeed Indonesia Tbk JPFA | 2,070 IDR | 7,231 IDR | +249% |
| Thaifoods Group TFGR | 10.60 THB | 23.53 THB | +122% |
| PT Jhonlin Agro Raya Tbk JARR | 1,845 IDR | 610.80 IDR | -67% |
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Frequently asked questions
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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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