Malayan United Industries Bhd (3891) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Malayan United Industries Bhd MYR 0.10, price MYR 0.04, upside +153.3%, quality 35 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 0.0400 MYR – 0.1200 MYR · fair‑value band 0.0608 MYR – 0.1418 MYR · the 0.0400 MYR price screens below the 0.1013 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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Malayan United Industries Berhad, an investment holding company, primarily engages in the retailing, hotel, property, food, fast food chain, and financial service businesses in Malaysia, the Asia-Pacific, Australia, North America, and the United Kingdom.
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Malayan United Industries Berhad, an investment holding company, primarily engages in the retailing, hotel, property, food, fast food chain, and financial service businesses in Malaysia, the Asia-Pacific, Australia, North America, and the United Kingdom. The company operates department and specialty stores; designs, manufactures, sources, distributes, and sells garments and accessories; operates hotel and restaurants; distributes chocolate and other food and beverage products; develops and invests in properties; and sells oil palm fresh fruit bunches. It also provides management, security, and money lending services; operates food chain and petrol stations; and trades in petroleum products. In addition, the company is engaged in department store operations and fashion retailing. Malayan United Industries Berhad was incorporated in 1960 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Malayan United Industries Bhd (3891) currently trades at 0.0400 MYR, while our model-based Fair Value estimate is 0.1013 MYR, implying the stock looks roughly 60.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.1700 MYR per share, and 9 of the 9 models we run sit above the 0.0400 MYR price.
Bear case: the Growth DCF group reads lowest at 0.0500 MYR, and 0 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0608 MYR (bear) to 0.1418 MYR (bull), the price of 0.0400 MYR sits below 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 35/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Malayan United Industries Bhd reported revenue of 490M MYR in FY2024 versus 181M MYR in FY2020, a compound +28.3%/yr. Reported net income was −77.0M MYR in FY2024.
Key figures
Market cap 145M MYR (≈ $35.6M) · P/S ratio 0.19 · EPS (TTM) −0.0100 MYR · Net margin −15.7% · Return on equity 7.0% · Return on assets (EBIT) −0.4% · Operating margin −31.1% · Revenue (TTM) 773M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −32% fair-value upside, at 153%, 3891 screens cheaper than that median.
Fair Value models
Bear 0.0608 MYRFair Value 0.1013 MYRBull 0.1418 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.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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+23.8%
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.
+13.0%
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.
+10.5%
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.
−2.4%
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Profit margin (trend) ⓘ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.
−43.2% (2019) → 5.0% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+29.9%
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 +27.4% a year for the price.
Compare Malayan United 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.Lodging · 169 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+153% · Top 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets5% · Top 25%
Net margin (TTM)−5% · Below median
Operating margin (TTM)−31% · Bottom 25%
Growth and dividend
Revenue growth−41% · Bottom 25%
Balance sheet
Debt / equity0.89× · Highest 25%
Valuation Multiplesvs Lodging 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). "Malayan United Industries Bhd Fair Value". https://www.fairvalue-calculator.com/stock/3891
Frequently asked questions
Is Malayan United Industries Bhd (3891) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1013 MYR versus a price of 0.0400 MYR, about +153% upside (undervalued).
What is the fair value of 3891?
Our model-based fair value for Malayan United Industries Bhd is 0.1013 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.0400 MYR.
What is the quality score of 3891?
Malayan United Industries Bhd has a Quality Score of 35/100. 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 Malayan United Industries Bhd (3891)?
Our model-based price target is the fair value of 0.1013 MYR (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 0.0608 MYR, optimistic scenario 0.1418 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Malayan United Industries Bhd stock forecast for 2026?
Our models put fair value at 0.1013 MYR, about +153% upside versus a price of 0.0400 MYR (undervalued). Cautious scenario 0.0608 MYR, optimistic scenario 0.1418 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Malayan United Industries Bhd (3891)?
Malayan United Industries Bhd reported trailing-twelve-month revenue of about 773M MYR (latest available figure, as of Sep 24, 2026).
What growth is priced into Malayan United Industries Bhd (3891)?
For today's price to be fair in a discounted-cash-flow model, Malayan United Industries Bhd would have to grow free cash flow by +29.9 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3891 use?
Our models discount Malayan United Industries Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.14, 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 Malayan United Industries Bhd that is +29.9 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Malayan United Industries Bhd (3891) delivered so far?
Over the past 5 years revenue at Malayan United Industries Bhd grew +10.5 % a year. The price currently implies +29.9 % 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 Malayan United Industries Bhd (3891) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Malayan United Industries Bhd (+29.9 % 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 Malayan United Industries Bhd (3891)?
The free-cash-flow yield on the price is 11.23 %: that much free cash flow Malayan United Industries Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Malayan United Industries Bhd (3891)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Malayan United Industries Bhd it is 0.1013 MYR per share (as of Sep 24, 2026), against a price of 0.0400 MYR. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Malayan United Industries Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3891 trades below its calculated fair value: price 0.0400 MYR, fair value 0.1013 MYR, a gap of about +153% (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 3891?
No. The price is what the market pays today (0.0400 MYR); the fair value is what the company's own numbers justify (0.1013 MYR). For Malayan United Industries Bhd the two are 0.0613 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Malayan United Industries Bhd worth?
The market values Malayan United Industries Bhd at about 145M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.0400 MYR; our models calculate a fair value of 0.1013 MYR per share.
What do the bullish and bearish scenarios say about 3891?
Our models span a range for Malayan United Industries Bhd: cautious scenario 0.0608 MYR, base 0.1013 MYR, optimistic 0.1418 MYR per share (as of Sep 24, 2026, price 0.0400 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Malayan United Industries Bhd (3891)?
Balance-sheet figures for Malayan United Industries Bhd (as of Sep 24, 2026): return on equity 7.0%, debt of 0.89 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 3891 from its 52-week high?
Malayan United Industries Bhd trades at 0.0400 MYR, about 38% below its 52-week high of 0.0650 MYR and at the low of 0.0400 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1013 MYR is for.
Which stocks are comparable to Malayan United Industries Bhd?
From the same area (Consumer Cyclical) we also value Marriott International, Inc, Hilton Worldwide Holdings, InterContinental Hotels Group, Hyatt Hotels Corporation, 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 Malayan United Industries Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.0400 MYR, calculated fair value 0.1013 MYR (+153%), Quality Score 35/100, from 10 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 3891 calculated?
We run Malayan United Industries Bhd through 10 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 0.1013 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 14.0 % above its aggregate fair value. Malayan United Industries Bhd currently trades 153 % 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 Malayan United Industries Bhd (3891)?
The closing price on Sep 24, 2026 was 0.0400 MYR. Our model-based fair value is 0.1013 MYR, about +153% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Malayan United Industries Bhd right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.0608 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.0608 MYR to 0.1418 MYR) leaves room in how you read the outcome.
Key figures of Malayan United Industries Bhd
How large is the market capitalisation of Malayan United Industries Bhd (3891)?
The market capitalisation of Malayan United Industries Bhd is 145M MYR (≈ $35.6M). 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 Malayan United Industries Bhd (3891)?
The price-to-sales ratio of Malayan United Industries Bhd is 0.19 (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 Malayan United Industries Bhd (3891)?
Earnings per share at Malayan United Industries Bhd are −0.0100 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Malayan United Industries Bhd (3891)?
The net margin of Malayan United Industries Bhd is −15.7% (fiscal year 2024). 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 Malayan United Industries Bhd (3891)?
The return on equity (ROE) of Malayan United Industries Bhd is 7.0% (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 Malayan United Industries Bhd (3891)?
On an EBIT basis the return on assets of Malayan United Industries Bhd is −0.4% (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 Malayan United Industries Bhd (3891)?
The operating margin of Malayan United Industries Bhd is −31.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Malayan United Industries Bhd (3891)?
Revenue at Malayan United Industries Bhd is growing −41.4% versus a year earlier (3y avg +13.0%). 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 Malayan United Industries Bhd (3891)?
Earnings per share at Malayan United Industries Bhd are growing −4.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Malayan United Industries Bhd (3891) carry?
The net debt of Malayan United Industries Bhd is 731M MYR (fiscal year 2024, ≈ 50.5 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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