Hong Leong Industries Bhd (3301) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hong Leong Industries Bhd MYR 21.25, price MYR 16.72, upside +27.1%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 6.30 MYR – 19.18 MYR · fair‑value band 14.01 MYR – 30.30 MYR · the 16.72 MYR price screens below the 21.25 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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. 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 16.72 MYR, while our model-based Fair Value estimate is 21.25 MYR, implying the stock looks roughly 21.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 30.31 MYR per share, and 17 of the 26 models we run sit above the 16.72 MYR price.
Bear case: the Asset-Based group reads lowest at 4.85 MYR, and 9 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 14.01 MYR (bear) to 30.30 MYR (bull), the price of 16.72 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 77/100 (high 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 3.6B MYR in FY2025 versus 2.6B MYR in FY2021, a compound +7.9%/yr. Reported net income was 486M MYR in FY2025, compounding +13.6%/yr from FY2021.
Key figures
Market cap 5.9B MYR (≈ $1.5B) · P/E ratio 9.7 · P/S ratio 1.32 · EPS (TTM) 1.72 MYR · Dividend yield 6.0% · Net margin 13.6% · Return on equity 28.3% · Return on assets (EBIT) 18.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −4% fair-value upside, at 27%, 3301 screens cheaper than that median.
Fair Value models
Bear 14.01 MYRFair Value 21.25 MYRBull 30.30 MYR
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.7200 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.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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.8%
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.
+13.1%
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.
+9.1%
Start year 2020 (pandemic). Over 10 years: +5.3% 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.
+3.9%
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What shareholders gained per year (last 5 years), in MYR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+29.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.6%
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.11% vs 7%, picking up
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.12% → 22%
2025 sits 65% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (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).
−8.6%
Yearly growth needed for the next five years to justify today's price.
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 −10.4% a year for the price.
Compare Hong Leong Industries Bhd with another stock
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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 · 116 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside+27% · Above median
Profitability
Return on equity (TTM)28% · Top 25%
Return on assets16% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)25% · Top 25%
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Auto Manufacturers 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). "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 Sep 24, 2026, our model estimates a fair value of 21.25 MYR versus a price of 16.72 MYR, about +27% upside (undervalued).
What is the fair value of 3301?
Our model-based fair value for Hong Leong Industries Bhd is 21.25 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 16.72 MYR.
What is the quality score of 3301?
Hong Leong Industries Bhd has a Quality Score of 77/100. 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 21.25 MYR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 14.01 MYR, optimistic scenario 30.30 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 21.25 MYR, about +27% upside versus a price of 16.72 MYR (undervalued). Cautious scenario 14.01 MYR, optimistic scenario 30.30 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 3.6B MYR (latest available figure, as of Sep 24, 2026).
Does Hong Leong Industries Bhd pay a dividend?
Hong Leong Industries Bhd currently shows a dividend yield of about 5.98% relative to its recent price (as of Sep 24, 2026).
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 -8.6 % 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 +9.1 % per year. As of Sep 24, 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 -8.6 % per year a year over ten years, 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 +9.1 % a year. The price currently implies -8.6 % per year free-cash-flow growth a 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 +2.6 % a year. That is the yardstick for the growth priced into Hong Leong Industries Bhd (-8.6 % per year a 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 10.02 %: 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 21.25 MYR per share (as of Sep 24, 2026), against a price of 16.72 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Hong Leong Industries Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3301 trades below its calculated fair value: price 16.72 MYR, fair value 21.25 MYR, a gap of about +27% (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 (16.72 MYR); the fair value is what the company's own numbers justify (21.25 MYR). For Hong Leong Industries Bhd the two are 4.53 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 5.9B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 16.72 MYR; our models calculate a fair value of 21.25 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 14.01 MYR, base 21.25 MYR, optimistic 30.30 MYR per share (as of Sep 24, 2026, price 16.72 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 9.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 21.25 MYR is built from several models across several years. Other multiples: P/B 0.6, P/S 0.4, EV/EBITDA 1.4.
How solid is the balance sheet of Hong Leong Industries Bhd (3301)?
Balance-sheet figures for Hong Leong Industries Bhd (as of Sep 24, 2026): return on equity 28.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is 3301 from its 52-week high?
Hong Leong Industries Bhd trades at 16.72 MYR, about 13% below its 52-week high of 19.18 MYR and 31% above the low of 12.78 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 21.25 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, Hyundai Motor Company, 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 Sep 24, 2026: price 16.72 MYR, calculated fair value 21.25 MYR (+27%), Quality Score 77/100, 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 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 21.25 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 14.1 % above its aggregate fair value. Hong Leong Industries Bhd currently trades 27 % 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 Sep 23, 2026 was 16.72 MYR. Our model-based fair value is 21.25 MYR, about +27% 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?
The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (14.01 MYR to 30.30 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 5.9B MYR (≈ $1.5B). 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 1.32 (P/E × margin). 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 1.72 MYR (price ÷ EPS = P/E 9.7). 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 58.1%). 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 13.6% (fiscal year 2025). 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 28.3% (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 18.1% (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 24.9% (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 −1.5% versus a year earlier (3y avg +13.1%). 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 +39.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hong Leong Industries Bhd (3301) hold?
Hong Leong Industries Bhd holds more cash than debt, 257M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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