Hong Leong Industries Bhd (3301) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hong Leong Industries Bhd stock MYR 20.07, price MYR 16.64, upside +20.6%, quality 72 out of 100. Rating: undervalued. 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. As of Nov 5, 2026.
How to read this chart
60‑month range 6.30 MYR – 19.18 MYR · fair‑value band 13.32 MYR – 28.65 MYR · the 16.64 MYR price screens below the 20.07 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Hong Leong Industries Berhad, an investment holding company, engages in the manufacture and sale of consumer and industrial products in Malaysia, Australia, Vietnam, Thailand, Singapore, Taiwan, and internationally.
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The company manufactures, assembles, and distributes motorcycles, scooters, and related parts and products; and manufactures and sells of ceramic tiles.
It is also involved in the distribution, trading, and provision of services in marine-related products, such as outboard motors and spare parts, as well as offers after-sales services.
The company sells its motorcycle products under the Yamaha brand; and its ceramic tile ceramic tile products under the Guocera brand name through a network of dealers and distributors.
The company was formerly known as Fancy Tile Works Limited and changed its name to Hong Leong Industries Berhad in 1979. Hong Leong Industries Berhad was incorporated in 1964 and is based in Kuala Lumpur, Malaysia.
Hong Leong Industries Berhad is a subsidiary of Hong Leong Manufacturing Group Sdn Bhd.
Stock analysis
Hong Leong Industries Bhd (3301) currently trades at 16.64 MYR, while our model-based Fair Value estimate is 20.07 MYR, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 33.30 MYR per share, and 9 of the 26 models we run sit above the 16.64 MYR price.
Bear case: the Asset-Based group reads lowest at 6.03 MYR, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 13.32 MYR (bear) to 28.65 MYR (bull), the price of 16.64 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 72/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hong Leong Industries Bhd reported revenue of 3.7B MYR in FY2026 versus 2.5B MYR in FY2022, a compound +10.6%/yr. Reported net income was 574M MYR in FY2026, compounding +28.4%/yr from FY2022.
Key figures
Market cap 5.3B MYR (≈ $1.3B) Small · P/E ratio 9.2 · P/S ratio 1.98 · EPS (TTM) 1.80 MYR · Dividend yield 6.0% · Net margin 15.6% · Return on equity 29.6% · Return on assets (EBIT) 19.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at 21%, 3301 screens cheaper than that median.
Fair Value models
Bear13.32 MYRFair Value 20.07 MYRBull28.65 MYR
Price 16.64 MYR · Upside +20.6%
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. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (0.2893 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. 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.3%
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.
+2.6%
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.
+7.0%
Start year 2021 (pandemic). Over 10 years: +5.3% a year
Revenue growth 14 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.
+3.9%
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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.
+27.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.9%
Dividend (yield on the price)6.0%
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.21.9% vs 12.3%, picking up
Profit margin 2021 to 2026 ⓘ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.17% → 25%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−9.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −11.5% a year for the price.
Compare Hong Leong Industries 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.Auto Manufacturers · 106 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+20.6% · Above median
Profitability
Return on equity (12 months)29.6% · Top 25%
Return on assets22.1% · Top 25%
Net margin (12 months)21.5% · Top 25%
Operating margin (12 months)25.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.8% · Above median
Dividend yield (12 months)6.0% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Auto Manufacturers median · lower = cheaper
P/E (12 months)9.2× · Cheaper than median
P/B2.02× · Pricier than median
P/S (12 months)1.98× · Priciest 25%
Price / free cash flow (fiscal year)13.0× · Cheaper than median
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). "Hong Leong Industries Bhd Fair Value". https://www.fairvalue-calculator.com/stock/3301
Frequently asked questions
Is Hong Leong Industries Bhd (3301) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 20.07 MYR versus a price of 16.64 MYR, about +21% upside (undervalued).
What is the fair value of 3301?
Our model-based fair value for Hong Leong Industries Bhd is 20.07 MYR (as of Nov 5, 2026), built from audited fundamentals. The current price: 16.64 MYR.
What is the quality score of 3301?
Hong Leong Industries Bhd has a Quality Score of 72/100. 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 Hong Leong Industries Bhd (3301)?
Our model-based price target is the fair value of 20.07 MYR (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 13.32 MYR, optimistic scenario 28.65 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Hong Leong Industries Bhd stock forecast for 2026?
Our models put fair value at 20.07 MYR, about +21% upside versus a price of 16.64 MYR (undervalued). Cautious scenario 13.32 MYR, optimistic scenario 28.65 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Hong Leong Industries Bhd (3301)?
Hong Leong Industries Bhd reported trailing-twelve-month revenue of about 3.7B MYR (latest available figure, as of Nov 5, 2026).
Does Hong Leong Industries Bhd pay a dividend?
Hong Leong Industries Bhd currently shows a dividend yield of 6.01% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Hong Leong Industries Bhd (3301) and when is the ex-dividend date?
Hong Leong Industries Bhd pays a dividend of 1.00 MYR per share a year, a dividend yield of 6.0%. The last ex-dividend date was May 20, 2026. A dividend has been paid every year since at least 1994. The payout ratio is 55.6% of earnings. Free cash flow covers the dividend 1.77 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hong Leong Industries Bhd (3301)?
For today's price to be fair in a discounted-cash-flow model, Hong Leong Industries Bhd would have to grow free cash flow by -9.8 % 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 +7.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 3301 use?
Our models discount Hong Leong Industries Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.26, 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 Hong Leong Industries Bhd that is -9.8 % 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 Hong Leong Industries Bhd (3301) delivered so far?
Over the past 5 years revenue at Hong Leong Industries Bhd grew +7.0 % a year. The price currently implies free-cash-flow growth of -9.8 % 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 Hong Leong Industries Bhd (3301) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Hong Leong Industries Bhd (-9.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hong Leong Industries Bhd (3301)?
The free-cash-flow yield on the price is 10.66 %: that much free cash flow Hong Leong Industries 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 Hong Leong Industries Bhd (3301)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Leong Industries Bhd it is 20.07 MYR per share (as of Nov 5, 2026), against a price of 16.64 MYR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hong Leong Industries Bhd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 3301 trades below its calculated fair value: price 16.64 MYR, fair value 20.07 MYR, a gap of about +21% (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 3301?
No. The price is what the market pays today (16.64 MYR); the fair value is what the company's own numbers justify (20.07 MYR). For Hong Leong Industries Bhd the two are 3.43 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Hong Leong Industries Bhd worth?
The market values Hong Leong Industries Bhd at about 5.3B MYR (market capitalisation, as of Nov 5, 2026). Per share that is 16.64 MYR; our models calculate a fair value of 20.07 MYR per share.
What do the bullish and bearish scenarios say about 3301?
Our models span a range for Hong Leong Industries Bhd: cautious scenario 13.32 MYR, base 20.07 MYR, optimistic 28.65 MYR per share (as of Nov 5, 2026, price 16.64 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3301?
Hong Leong Industries Bhd trades at a price-to-earnings ratio of 9.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20.07 MYR is built from several models across several years. Other multiples: P/B 2.0, P/S 2.0, EV/EBITDA 7.8.
How solid is the balance sheet of Hong Leong Industries Bhd (3301)?
Balance-sheet figures for Hong Leong Industries Bhd (as of Nov 5, 2026): return on equity 29.6%, debt of 0.06 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 3301 from its 52-week high?
Hong Leong Industries Bhd trades at 16.64 MYR, about 13% below its 52-week high of 19.18 MYR and 23% above the low of 13.55 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 20.07 MYR is for.
Which stocks are comparable to Hong Leong Industries Bhd?
From the same area (Consumer Cyclical) we also value Tesla, Inc, Toyota Motor Corporation, BYD Company, Ferrari N.V, 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 Hong Leong Industries Bhd stock attractive at the current price?
The data as of Nov 5, 2026: price 16.64 MYR, calculated fair value 20.07 MYR (+21%), Quality Score 72/100, from 26 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 3301 calculated?
We run Hong Leong Industries Bhd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 20.07 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 13.3% above its aggregate fair value. Hong Leong Industries Bhd currently trades 17% 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 Hong Leong Industries Bhd (3301)?
The closing price on Nov 6, 2026 was 16.64 MYR. Our model-based fair value is 20.07 MYR, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hong Leong Industries Bhd right now?
Solid quality (72/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (13.32 MYR to 28.65 MYR) leaves room in how you read the outcome.
Key figures of Hong Leong Industries Bhd
How large is the market capitalisation of Hong Leong Industries Bhd (3301)?
The market capitalisation of Hong Leong Industries Bhd is 5.3B MYR (≈ $1.3B). 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 Hong Leong Industries Bhd (3301)?
The price-to-sales ratio of Hong Leong Industries Bhd is 1.98 (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 Hong Leong Industries Bhd (3301)?
Earnings per share at Hong Leong Industries Bhd are 1.80 MYR (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hong Leong Industries Bhd (3301)?
The dividend yield of Hong Leong Industries Bhd is 6.0% (payout 55.5%). 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 Hong Leong Industries Bhd (3301)?
The net margin of Hong Leong Industries Bhd is 15.6% (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 Hong Leong Industries Bhd (3301)?
The return on equity (ROE) of Hong Leong Industries Bhd is 29.6% (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 Hong Leong Industries Bhd (3301)?
On an EBIT basis the return on assets of Hong Leong Industries Bhd is 19.6% (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 Hong Leong Industries Bhd (3301)?
The operating margin of Hong Leong Industries Bhd is 25.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hong Leong Industries Bhd (3301)?
Revenue at Hong Leong Industries Bhd is growing +8.8% versus a year earlier (3y avg +2.6%). 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 Hong Leong Industries Bhd (3301)?
Earnings per share at Hong Leong Industries Bhd are growing +22.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hong Leong Industries Bhd (3301) carry?
The net debt of Hong Leong Industries Bhd is 75.2M MYR (fiscal year 2026, ≈ 0.1 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
Nov 5, 2026