MISC Berhad (3816) Fair Value & Analysis

Industrials · MY · Market cap 35.2B MYR

A solid business, but screening 21% overvalued on our models.

What matters now

• Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from 4.86 MYR (bear) to 8.09 MYR (bull), base 6.47 MYR. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 64/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 5.12 MYR – 8.60 MYR · fair‑value band 4.86 MYR – 8.09 MYR · the 8.16 MYR price screens above the 6.47 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

MISC Berhad (3816) currently trades at 8.16 MYR, while our model-based Fair Value estimate is 6.47 MYR, implying the stock looks roughly 20.7% overvalued today. We read business quality at 64/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, MISC Berhad generated revenue of 11.2B MYR at a net margin of 15.5%. Revenue grew 2.7% year over year. It earns a return on equity of 4.9%. Net debt stands at 8.5B MYR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 4.86 MYR (bear case) to 8.09 MYR (bull case); at 8.16 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 8% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 69% fair-value upside, at -21%, 3816 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: DCF Models (6.92 MYR) versus Earnings-Based (1.07 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

MISC Berhad engages in ship ownership and operation, other activities related to shipping services, and the operation of offshore floating terminals in Malaysia, the Americas, Asia, Africa, and Europe. It operates through Gas Assets & Solutions, Petroleum & Product Shipping, Offshore Business, Marine & Heavy Engineering, and Others segments.

Full company description

MISC Berhad engages in ship ownership and operation, other activities related to shipping services, and the operation of offshore floating terminals in Malaysia, the Americas, Asia, Africa, and Europe. It operates through Gas Assets & Solutions, Petroleum & Product Shipping, Offshore Business, Marine & Heavy Engineering, and Others segments. The company offers liquefied natural gas (LNG) carrier services, non-conventional gas asset solutions; petroleum tanker, and chemical tanker services. It also owns, leases, operates, and maintains offshore, floating, production and offloading terminals; and owns and operates LNG ships and very large ethane carriers, as well as marginal marine production units, mobile offshore production units, and semi-submersible floating production systems. In addition, the company offers maritime education and training services; port and terminal operation and management; marine transportation services; integrated marine services; and ship management and owing, accounting, commercial management, shipping agent and lightering, crew management, and special purpose vehicle services. Further, it engages in engineering, procurement, construction, installation, and commissioning services for offshore and onshore facilities; marine repair and conversion oil and gas engineering and construction works; ship-owning chartering and operating of vessels; LNG trading activities; supply, operation, and maintenance of LNG floating storage units; development of software and applications; and provision of consultancy, and data processing services. Additionally, the company provides plant turnaround and shutdown maintenance; sea and passenger freight water transportation; professional services to oil and gas industry; marine support and consultancy; and human resource procurement services. MISC Berhad was incorporated in 1968 and is headquartered in Kuala Lumpur, Malaysia. MISC Berhad is a subsidiary of Petroliam Nasional Berhad.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MISC Berhad reported revenue of 11.1B MYR in FY2025 versus 10.7B MYR in FY2021, a compound +1.1%/yr. Reported net income was 1.7B MYR in FY2025, compounding −1.8%/yr from FY2021.

3816 screens 21% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

Peer Group

Marine Shipping · 227 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 Marine Shipping 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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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.