Lafarge Malayan Cement Bhd (3794) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lafarge Malayan Cement Bhd stock MYR 3.22, price MYR 5.44, that is 40.7% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Lafarge Malayan Cement Bhd
3794 · KLSEOur calculation puts a fair price 41% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 1.73 MYR – 8.48 MYR · fair‑value band 2.08 MYR – 4.03 MYR · the 5.44 MYR price screens above the 3.22 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Malayan Cement Berhad, an investment holding company, produces, manufactures, and trades in cement, clinker, ready-mix concrete, drymix, quarry, and other building materials and related products primarily in Malaysia and Singapore.
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The company operates through Cement, and Aggregates and Concrete segments. It offers engineering, procurement, construction, and operation and maintenance services.
In addition, the company builds, operates, and maintains residual heat power; and involved in solid waste incinerator process, as well as engaged in jetty testing, inspection, and rehabilitation services; vessel berthing fender replacement; optimal surface and ground water resource development services.
Further, it provides commercial, industrial, and agricultural waste management solutions; landfill solution, and technical consultancy, as well as co-processing, end-to-end waste management, scheduled waste management, and recycling solutions.
Additionally, the company offers bricklaying and crack repair, tiling, grouting for wall and floor; and provides single and graded aggregates, ballast, stone column, crusher run and fill materials.
The company was formerly known as Lafarge Malaysia Berhad and changed its name to Malayan Cement Berhad in September 2019. Malayan Cement Berhad was incorporated in 1950 and is based in Kuala Lumpur, Malaysia. Malayan Cement Berhad is a subsidiary of YTL Cement Berhad.
Stock analysis
Lafarge Malayan Cement Bhd (3794) currently trades at 5.44 MYR, while our model-based Fair Value estimate is 3.22 MYR, 41% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 9.54 MYR per share, and 17 of the 26 models we run sit above the 5.44 MYR price.
Bear case: the Asset-Based group reads lowest at 0.8100 MYR, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 2.08 MYR (bear) to 4.03 MYR (bull), the price of 5.44 MYR sits above 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 70/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lafarge Malayan Cement Bhd reported revenue of 5.0B MYR in FY2025 versus 2.7B MYR in FY2021, a compound +16.6%/yr. Reported net income was 903M MYR in FY2025, compounding +81.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 10.4B MYR (≈ $2.6B) Mid · P/E ratio 11.3 · P/S ratio 2.05 · EPS (TTM) 0.4800 MYR · Dividend yield 2.8% · Net margin 18.1% · Return on equity 12.6% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −41%, 3794 screens richer than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
3794 screens overvalued: fair value 41% below the price. Compare with CRH plc →
Compare Lafarge Malayan Cement Bhd with another stock
Price, fair value, quality and upside side by side.
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.Building Materials · 257 stocks
Valuation Multiplesvs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Piotroski F-Score screener with fair value
- Valuation of the Malaysia market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| China Jushi Co 600176 | ¥27.45 | ¥28.04 | +2% | vs 3794 |
| Heidelberg Materials AG HEI | €173.80 | €177.45 | +2% | vs 3794 |
| Holcim AG HOLN | CHF 73.26 | CHF 66.54 | −9% | vs 3794 |
| Amrize AG AMRZ | $41.87 | $35.08 | −16% | vs 3794 |
| CRH plc CRH | $94.81 | $75.09 | −21% | vs 3794 |
| Vulcan Materials Company VMC | $282.72 | $132.92 | −53% | vs 3794 |
| Martin Marietta Materials, Inc MLM | $518.15 | $214.62 | −59% | vs 3794 |
| Grasim Industries Limited GRASIM | ₹3,227 | ₹1,245 | −61% | vs 3794 |
| UltraTech Cement Limited ULTRACEMCO | ₹12,450 | ₹4,721 | −62% | vs 3794 |
| James Hardie Industries plc JHX | A$39.20 | A$10.28 | −74% | vs 3794 |
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Key figures of Lafarge Malayan Cement Bhd
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