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3891 Fair Value & Analysis

Consumer Cyclical · MY · Market cap 145M MYR

3 3891 3891 · KLSE
Price0.0450 MYR
Fair Value0.0518 MYR
Upside+15.1%
Quality35/100
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Mixed Growth
Loss-making · -5.2% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 24/100
Evidence: High Range 0.0473 MYR – 0.0788 MYR Share as image

Fair value as of: Jul 11, 2026

From 7 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from 0.0550 MYR to 0.0518 MYR (−5.8%) since Jun 26, 2026.

Below-average quality, screening 15% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.0473 MYR). The market is more pessimistic than our downside scenario.
  • Our model range runs from 0.0473 MYR (bear) to 0.0788 MYR (bull), base 0.0518 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 35/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

0.1200 MYR 0.0400 MYR Fair Value 0.0518 MYR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 0.0400 MYR – 0.1200 MYR · fair‑value band 0.0473 MYR – 0.0788 MYR · the 0.0450 MYR price screens below the 0.0518 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

3891 (3891) currently trades at 0.0450 MYR, while our model-based Fair Value estimate is 0.0518 MYR, implying the stock looks roughly 15.1% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Consumer Cyclical 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, 3891 generated revenue of 773M MYR at a net margin of -5.2%. Revenue declined 41.4% year over year. It earns a return on equity of 7.0%. Net debt stands at 731M MYR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 0.0473 MYR (bear case) to 0.0788 MYR (bull case); at 0.0450 MYR, the current price sits below 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 36% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at 15%, 3891 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.

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
Highest evidence
Gordon GGM 0.0400 MYR 0.0500 MYR 0.0700 MYR 70
DDM Multi-Stage 0.0400 MYR 0.0500 MYR 0.0700 MYR 61
EV/EBITDA 0.0800 MYR 0.1500 MYR 0.2200 MYR 54
All 7 models by family
DCF Models
5Y EBITDA Exit 0.0500 MYR 0.1400 MYR 41
10Y EBITDA Exit 0.0500 MYR 37
Dividend Discount
Gordon GGM 0.0400 MYR 0.0500 MYR 0.0700 MYR 70
DDM Multi-Stage 0.0400 MYR 0.0500 MYR 0.0700 MYR 61
Multiples
EV/EBIT 0.0400 MYR 53
EV/EBITDA 0.0800 MYR 0.1500 MYR 0.2200 MYR 54
Asset-Based
NCAV (Graham) 0.1000 MYR 0.1400 MYR 0.2000 MYR 50

Widest divergence: Multiples (0.1500 MYR) versus DCF Models (0.0500 MYR). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 773M MYR
Revenue growth (YoY) -41.4%
Net margin -5.2%
Return on equity 7.0%
Free cash flow 14.5M MYR FY2024
Operating margin -31.1%
More key figures
EPS (TTM) -0.0100 MYR
EPS growth (YoY) -4.6%
Net debt 731M MYR FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 33 · Market factors (momentum, volatility) 32

Profitability 6
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

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 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.

Full company description

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.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

3891 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.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
490M MYR
Latest YoY
+23.8%
Avg. growth/yr (3Y) 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.
+13.0%
Avg. growth/yr (5Y) 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.
+10.5%
Avg. growth/yr (13Y) 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.
−2.4%
Revenue +28.3%/yr
FY20 181M MYR
FY21 339M MYR
FY22 483M MYR
FY23 396M MYR
FY24 490M MYR
Net income
FY20 −98.7M MYR
FY21 −45.9M MYR
FY22 −14.3M MYR
FY23 −167M MYR
FY24 −77.0M MYR

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Cite: Fair Value Calculator (2026). "3891 Fair Value". https://www.fairvalue-calculator.com/stock/3891

Peer Group

Lodging · 168 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.

Quality Score 35 · Bottom 25%
Fair Value upside +11% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) -5% · Below median
Operating margin (TTM) -31% · Bottom 25%
Revenue growth -41% · Bottom 25%
Debt / equity 0.89× · Higher than 75% of peers

Valuation Multiples vs Lodging median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 2.5× · Pricier than median
EV/EBITDA 2.1× · Cheaper than 75% of peers

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.

VALUE 48 · sector 1
FUTURE 0 · sector 18
PAST 28 · sector 11
HEALTH 56 · sector 90
DIVIDEND 0 · sector 23

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is 3891 overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 0.0518 MYR versus a price of 0.0450 MYR, about +15% (undervalued).
What is the fair value of 3891?
Our model-based fair value for 3891 is 0.0518 MYR (as of Jul 11, 2026), built from audited fundamentals. The current price is 0.0450 MYR.
What is the quality score of 3891?
3891 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 revenue of 3891?
3891 reported trailing-twelve-month revenue of about 773M MYR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 3891?
The net profit margin of 3891 is about -5.2%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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