Alcom Group Bhd (2674) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Alcom Group Bhd MYR 0.72, price MYR 0.58, upside +24.1%, quality 23 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range 0.3482 MYR – 1.07 MYR · fair‑value band 0.5200 MYR – 0.9000 MYR · the 0.5800 MYR price screens below the 0.7200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Alcom Group Berhad, an investment holding company, manufactures and trades aluminum sheets and coils products in Malaysia, the United States, Thailand, India, rest of Asia, Europe, the Middle East, and internationally. It operates through four segments: Manufacturing, Property Development, Construction, and Investment Holding.
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Alcom Group Berhad, an investment holding company, manufactures and trades aluminum sheets and coils products in Malaysia, the United States, Thailand, India, rest of Asia, Europe, the Middle East, and internationally. It operates through four segments: Manufacturing, Property Development, Construction, and Investment Holding. The company offers aluminum specialty products, such as truck bed covers, tread plates, flat sheets/coils, semi-rigid container foils, electronic and household material coils, stucco embossed sheets/coils, painted sheets/coils, and cladding sheets and cable foils; aluminum roofing products, including alwave, alrib, alspann and aldek roofing profiles, stucco embossed, elegant polyethylene coated, supreme super, coated coils and cladding sheets, and polyethylene coated and infinite polyvinyl fluoride; and aluminum foil products comprising bare fin stock and coated fin stock. It is also involved in property development activities; constructions; and supplies, fabricates, and installs architectural roofs, facade cladding systems, and steel structures. The company was formerly known as Aluminium Company of Malaysia Berhad and changed its name to Alcom Group Berhad in August 2018. Alcom Group Berhad was incorporated in 1960 and is based in Klang, Malaysia.
Stock analysis
Alcom Group Bhd (2674) currently trades at 0.5800 MYR, while our model-based Fair Value estimate is 0.7200 MYR, implying the stock looks roughly 19.4% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.9500 MYR per share, and 1 of the 3 models we run sit above the 0.5800 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.3600 MYR, and 2 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.5200 MYR (bear) to 0.9000 MYR (bull), the price of 0.5800 MYR sits inside 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 23/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Alcom Group Bhd reported revenue of 552M MYR in FY2026 versus 599M MYR in FY2022, a compound −2.0%/yr. Reported net income was −35.4M MYR in FY2026.
Key figures
Market cap 77.9M MYR (≈ $19.1M) · P/S ratio 0.15 · EPS (TTM) −0.3400 MYR · Dividend yield 5.2% · Net margin −6.4% · Return on equity −23.1% · Return on assets (EBIT) 5.6% · Operating margin −4.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 36% fair-value upside, at 24%, 2674 screens richer than that median.
Fair Value models
Bear 0.5200 MYRFair Value 0.7200 MYRBull 0.9000 MYR
Price 0.5800 MYR · Upside +24.1%
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.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.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.27/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−10.9%
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.
−17.3%
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.
+11.8%
Start year 2021 (pandemic). Over 10 years: +6.8% a year
Revenue growth 13 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.
+5.1%
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Profit margin (trend) ⓘ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.
0.3% (2021) → −8.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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.Aluminum · 75 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside+24.1% · Top 25%
Profitability
Return on assets−3.0% · Bottom 25%
Net margin (TTM)−8.9% · Bottom 25%
Operating margin (TTM)−4.1% · Bottom 25%
Growth and dividend
Revenue growth0.6% · Bottom 25%
Dividend yield (TTM)5.2% · Top 25%
Balance sheet
Debt / equity1.69× · Highest 25%
Valuation Multiplesvs Aluminum 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). "Alcom Group Bhd Fair Value". https://www.fairvalue-calculator.com/stock/2674
Frequently asked questions
Is Alcom Group Bhd (2674) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 0.7200 MYR versus a price of 0.5800 MYR, about +24% upside (undervalued).
What is the fair value of 2674?
Our model-based fair value for Alcom Group Bhd is 0.7200 MYR (as of Oct 3, 2026), built from audited fundamentals. The current price: 0.5800 MYR.
What is the quality score of 2674?
Alcom Group Bhd has a Quality Score of 23/100. 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 Alcom Group Bhd (2674)?
Our model-based price target is the fair value of 0.7200 MYR (as of Oct 3, 2026) from 3 valuation models. Cautious scenario 0.5200 MYR, optimistic scenario 0.9000 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Alcom Group Bhd stock forecast for 2026?
Our models put fair value at 0.7200 MYR, about +24% upside versus a price of 0.5800 MYR (undervalued). Cautious scenario 0.5200 MYR, optimistic scenario 0.9000 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Alcom Group Bhd (2674)?
Alcom Group Bhd reported trailing-twelve-month revenue of about 515M MYR (latest available figure, as of Oct 3, 2026).
Does Alcom Group Bhd pay a dividend?
Alcom Group Bhd currently shows a dividend yield of about 5.17% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Alcom Group Bhd (2674)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alcom Group Bhd it is 0.7200 MYR per share (as of Oct 3, 2026), against a price of 0.5800 MYR. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Alcom Group Bhd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 2674 trades below its calculated fair value: price 0.5800 MYR, fair value 0.7200 MYR, a gap of about +24% (undervalued). 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 2674?
No. The price is what the market pays today (0.5800 MYR); the fair value is what the company's own numbers justify (0.7200 MYR). For Alcom Group Bhd the two are 0.1400 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Alcom Group Bhd worth?
The market values Alcom Group Bhd at about 77.9M MYR (market capitalisation, as of Oct 3, 2026). Per share that is 0.5800 MYR; our models calculate a fair value of 0.7200 MYR per share.
What do the bullish and bearish scenarios say about 2674?
Our models span a range for Alcom Group Bhd: cautious scenario 0.5200 MYR, base 0.7200 MYR, optimistic 0.9000 MYR per share (as of Oct 3, 2026, price 0.5800 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Alcom Group Bhd (2674)?
Balance-sheet figures for Alcom Group Bhd (as of Oct 3, 2026): return on equity −23.1%, debt of 1.69 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is 2674 from its 52-week high?
Alcom Group Bhd trades at 0.5800 MYR, about 30% below its 52-week high of 0.8250 MYR and 1% above the low of 0.5750 MYR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7200 MYR is for.
Which stocks are comparable to Alcom Group Bhd?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, China Hongqiao Group, Aluminum Corporation, Hindalco Industries 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 Alcom Group Bhd stock attractive at the current price?
The data as of Oct 3, 2026: price 0.5800 MYR, calculated fair value 0.7200 MYR (+24%), Quality Score 23/100, from 3 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 2674 calculated?
We run Alcom Group Bhd through 3 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 0.7200 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 15.0 % above its aggregate fair value. Alcom Group Bhd currently trades 19 % below its own fair value, and the market average says nothing about that. 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 Alcom Group Bhd (2674)?
The closing price on Oct 2, 2026 was 0.5800 MYR. Our model-based fair value is 0.7200 MYR, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alcom Group Bhd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Alcom Group Bhd
How large is the market capitalisation of Alcom Group Bhd (2674)?
The market capitalisation of Alcom Group Bhd is 77.9M MYR (≈ $19.1M). 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 Alcom Group Bhd (2674)?
The price-to-sales ratio of Alcom Group Bhd is 0.15 (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 Alcom Group Bhd (2674)?
Earnings per share at Alcom Group Bhd are −0.3400 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alcom Group Bhd (2674)?
The dividend yield of Alcom Group Bhd is 5.2%. 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 Alcom Group Bhd (2674)?
The net margin of Alcom Group Bhd is −6.4% (fiscal year 2026). 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 Alcom Group Bhd (2674)?
The return on equity (ROE) of Alcom Group Bhd is −23.1% (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 Alcom Group Bhd (2674)?
On an EBIT basis the return on assets of Alcom Group Bhd is 5.6% (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 Alcom Group Bhd (2674)?
The operating margin of Alcom Group Bhd is −4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alcom Group Bhd (2674)?
Revenue at Alcom Group Bhd is growing +0.6% versus a year earlier (3y avg −17.3%). 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 Alcom Group Bhd (2674)?
Earnings per share at Alcom Group Bhd are growing −18.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alcom Group Bhd (2674) generate?
The free cash flow of Alcom Group Bhd is −233M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Alcom Group Bhd (2674) carry?
The net debt of Alcom Group Bhd is 491M MYR (fiscal year 2026). 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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