Malayan Cement Berhad, an investment holding company, (3794) Fair Value & Analysis
Basic Materials · MY · Market cap 8.8B MYR
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from 8.19 MYR to 8.17 MYR (−0.2%) since Jul 11, 2026. Share price +4.2% over the past month.
A solid business, screening 27% undervalued on our models.
What matters now
- Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (4.74 MYR to 10.21 MYR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range 1.76 MYR – 8.62 MYR · fair‑value band 4.74 MYR – 10.21 MYR · the 6.42 MYR price screens below the 8.17 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Malayan Cement Berhad, an investment holding company, (3794) currently trades at 6.42 MYR, while our model-based Fair Value estimate is 8.17 MYR, implying the stock looks roughly 27.3% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Malayan Cement Berhad, an investment holding company, generated revenue of 4.8B MYR at a net margin of 17.6%. Revenue grew 9.5% year over year. It earns a return on equity of 12.1%. Net debt stands at 2.6B MYR. Fundamentals as of Jul 12, 2026
Our scenario range runs from 4.74 MYR (bear case) to 10.21 MYR (bull case); at 6.42 MYR, the current price sits within 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 26% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 27%, 3794 screens cheaper 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.
All 26 models by family
Widest divergence: Multiples (8.17 MYR) versus Dividend Discount (2.15 MYR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 46
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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. The company operates through Cement, and Aggregates and Concrete segments.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Malayan Cement Berhad, an investment holding company, reported revenue of 4.5B MYR in FY2024 versus 1.4B MYR in FY2020, a compound +34.8%/yr. Reported net income was 672M MYR in FY2024, compounding +209.7%/yr from FY2020.
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Peer Group
Building Materials · 254 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 Building Materials 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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $102.92 | $70.57 | -31% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,711 | ₹4,719 | -60% |
| China Jushi Co 600176 | ¥54.52 | ¥13.95 | -74% |
| Grasim Industries Limited GRASIM | ₹3,073 | ₹1,245 | -59% |
| CEMEX, S.A. CEMEXCPO | 21.71 MXN | 15.42 MXN | -29% |
| Anhui Conch Cement Company 600585 | ¥16.99 | ¥26.14 | +54% |
| Ambuja Cements Limited AMBUJACEM | ₹435.25 | ₹227.96 | -48% |
| Shree Cement Limited SHREECEM | ₹26,930 | ₹8,215 | -69% |
| TCC Group 1101B | 43.70 TWD | 10.48 TWD | -76% |
| Taiwan Glass Ind. Corp 1802 | 53.30 TWD | 13.98 TWD | -74% |
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Frequently asked questions
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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.
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