Alcom Group Bhd (2674) Fair Value & Analysis

Basic Materials · MY · Market cap 82.6M MYR

Below-average quality, and screening another 17% overvalued on our models.

What matters now

• Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 0.3353 MYR – 1.07 MYR · fair‑value band 0.4200 MYR – 0.6400 MYR · the 0.6500 MYR price screens above the 0.5400 MYR fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Alcom Group Bhd (2674) currently trades at 0.6500 MYR, while our model-based Fair Value estimate is 0.5400 MYR, implying the stock looks roughly 16.9% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Alcom Group Bhd generated revenue of 369M MYR at a net margin of 4.0%. Revenue grew 26.4% year over year. It earns a return on equity of 10.1%. Net debt stands at 491M MYR. Fundamentals as of Aug 21, 2026

Our scenario range runs from 0.4200 MYR (bear case) to 0.6400 MYR (bull case); at 0.6500 MYR, the current price sits above 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 21% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at -17%, 2674 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.

Widest divergence: Asset-Based (0.9500 MYR) versus Dividend Discount (0.2700 MYR). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

2674 screens 17% overvalued. Compare with Shandong Hongqiao Aluminum Industry Holding →

Peer Group

Aluminum · 80 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 Aluminum 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.

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Frequently asked questions

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.