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YTL Corporation (4677) Fair Value & Analysis

Utilities · MY · Market cap 23.0B MYR

YC YTL Corporation 4677 · KLSE
Price2.12 MYR
Fair Value2.61 MYR
Upside+23.1%
Quality30/100
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Expensive Growth
Thin margins · 5.6% net margin
High debt · negative free cash flow
2.48% dividend yield
Ranks above peers (11/14)
Moderate moat 49/100
Evidence: Medium Range 1.82 MYR – 3.39 MYR Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 24 days ago

Share price +5.5% over the past month.

Below-average quality, screening 23% undervalued on our models.

What matters now

  • A fairly wide model range (1.82 MYR to 3.39 MYR) leaves room in how you read the outcome.
  • Our model range runs from 1.82 MYR (bear) to 3.39 MYR (bull), base 2.61 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 30/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

3.73 MYR 0.4478 MYR Fair Value 2.61 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.4478 MYR – 3.73 MYR · fair‑value band 1.82 MYR – 3.39 MYR · the 2.12 MYR price screens below the 2.61 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

YTL Corporation (4677) currently trades at 2.12 MYR, while our model-based Fair Value estimate is 2.61 MYR, implying the stock looks roughly 23.1% undervalued today. The Quality Score stands at 30/100 (below-average quality), in the Utilities 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: medium), always confirm before acting.

Over the trailing twelve months, YTL Corporation generated revenue of 30.4B MYR at a net margin of 5.6%. Revenue grew 3.4% year over year. It earns a return on equity of 12.2%. Net debt stands at 51.6B MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.82 MYR (bear case) to 3.39 MYR (bull case); at 2.12 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 25% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at 23%, 4677 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 BearBaseBull Evidence
Highest evidence
Residual Income 1.37 MYR 1.54 MYR 2.65 MYR 76
ROIC Compounder 0.5900 MYR 1.30 MYR 2.35 MYR 72
Gordon GGM 0.3900 MYR 0.8200 MYR 1.29 MYR 70
All 16 models by family
Earnings-Based
Graham-Dodd 1.10 MYR 3.36 MYR 4.46 MYR 54
Lynch FV 0.7200 MYR 1.03 MYR 1.34 MYR 50
PEG = 1.0 0.7200 MYR 1.03 MYR 1.34 MYR 46
EPV 0.5900 MYR 1.30 MYR 1.92 MYR 59
Dividend Discount
Gordon GGM 0.3900 MYR 0.8200 MYR 1.29 MYR 70
DDM Multi-Stage 0.3900 MYR 0.6400 MYR 0.8600 MYR 61
Multiples
P/E Multiple 2.18 MYR 2.91 MYR 3.64 MYR 63
P/S Multiple 2.06 MYR 2.75 MYR 3.43 MYR 58
P/B Multiple 2.06 MYR 2.75 MYR 3.43 MYR 55
EV/EBIT 2.48 MYR 4.53 MYR 6.58 MYR 53
EV/EBITDA 2.01 MYR 3.91 MYR 5.80 MYR 54
EV/Revenue 0.9700 MYR 2.95 MYR 4.94 MYR 43
Asset-Based
NCAV (Graham) 0.7700 MYR 1.03 MYR 1.53 MYR 50
Economic Profit
Residual Income 1.37 MYR 1.54 MYR 2.65 MYR 76
ROIC Compounder 0.5900 MYR 1.30 MYR 2.35 MYR 72
Growth Earnings
Growth-Adj P/E 1.82 MYR 2.61 MYR 3.39 MYR 68

Widest divergence: Multiples (2.91 MYR) versus Dividend Discount (0.6400 MYR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 30.4B MYR
Revenue growth (YoY) +3.4%
Net margin 5.6%
Return on equity 12.2%
Free cash flow −431M MYR FY2025
P/E ratio 15.2
More key figures
Operating margin 17.1%
EPS (TTM) 0.1300 MYR
Dividend yield 2.5%
EPS growth (YoY) -28.7%
Net debt 51.6B MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 30 · Market factors (momentum, volatility) 46

Profitability 28
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 31
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

YTL Corporation Berhad operates as an integrated infrastructure developer. It generates, transmits, and distributes electricity through gas, solar, and coal fired power plants; operates and maintains power stations; manufactures clinker, cement, and ready-mixed concrete; deals, manages, invests, leases, and develops residential and commercial properties; …

Full company description

YTL Corporation Berhad operates as an integrated infrastructure developer. It generates, transmits, and distributes electricity through gas, solar, and coal fired power plants; operates and maintains power stations; manufactures clinker, cement, and ready-mixed concrete; deals, manages, invests, leases, and develops residential and commercial properties; owns, operates, and manages hotels and resorts; owns real estate investment trusts; and trades in furniture, local handicrafts, paintings and accessories, florists, confectioneries, gifts, building and construction materials, mechanical and electrical equipment, aggregates, and fuel oil. It also provides securities, project management, financial, treasury, secretarial, administrative and technical support, consulting, advisory, property fund management, education, potable water, wastewater, water and food waste treatment, passengers carriage, park management, air ticketing, commercial trading, air carriers, advertising content, mobile internet, software applications, cloud-based technology, 4G and 5G, wired and wireless broadband internet access, computer networking, and telecommunication towers and related services; leasing, hire purchase, and credit services; and information technology hardware and software systems. It charters yachts and vessels, aircrafts, helicopters, ships, and vehicles; leases tank; develops, operates, and markets data centers; retails fashion apparels and accessories; cultivates palm oil; breeds, wholesales, retails, and distributes koi fish; rents motor vehicles; provides and manages loyalty programs and rewards management systems; trades in and rents transportable cabins and wood-based products; operates food and beverage outlets; handles construction waste materials; and processes digital payments via e-money platform. The company was founded in 1955 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

YTL Corporation reported revenue of 30.8B MYR in FY2025 versus 17.3B MYR in FY2021, a compound +15.6%/yr. Reported net income was 1.9B MYR in FY2025.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
30.8B MYR
Latest YoY
+1.1%
Avg. growth/yr (3Y)
+8.3%
Avg. growth/yr (5Y)
+10.0%
Avg. growth/yr (20Y)
+9.6%
Revenue +15.6%/yr
FY21 17.3B MYR
FY22 24.2B MYR
FY23 29.6B MYR
FY24 30.5B MYR
FY25 30.8B MYR
Net income
FY21 −368M MYR
FY22 545M MYR
FY23 1.1B MYR
FY24 2.1B MYR
FY25 1.9B MYR

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Cite: Fair Value Calculator (2026). "YTL Corporation Fair Value". https://www.fairvalue-calculator.com/stock/4677

Peer Group

Utilities - Diversified · 51 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 30 · Bottom 25%
Fair Value upside +23% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 17% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 2.5% · Bottom 25%
Debt / equity 2.53× · Higher than 75% of peers

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 15.2× · Cheaper than median
P/B 0.32× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
EV/EBITDA 5.7× · Cheaper than 75% of peers
PEG 1.39× · Cheaper than median

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 64 · sector 14
FUTURE 17 · sector 0
PAST 49 · sector 33
HEALTH 0 · sector 49
DIVIDEND 50 · sector 80

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 Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €21.25 €9.34 -56%
Enel SpA ENEL €10.28 €5.83 -43%
Engie SA 1ENGI €26.59 €17.39 -35%
Sempra SRE $93.15 $47.77 -49%
E.ON SE EOAN €19.34 €11.71 -39%
RWE Aktiengesellschaft generates and 1RWE €56.52 €29.64 -48%
ACWA Power Company 2082 198.20 SAR 25.38 SAR -87%
Brookfield Infrastructure Partners L.P. BIPUN C$55.05 C$17.66 -68%
EnBW Energie Baden-Württemberg AG EBK €69.00 €21.11 -69%
EDP, S.A EDP €4.41 €3.81 -14%

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Frequently asked questions

Is YTL Corporation (4677) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 2.61 MYR versus a price of 2.12 MYR, about +23% (undervalued).
What is the fair value of 4677?
Our model-based fair value for YTL Corporation is 2.61 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 2.12 MYR.
What is the quality score of 4677?
YTL Corporation has a Quality Score of 30/100. 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 YTL Corporation (4677)?
YTL Corporation reported trailing-twelve-month revenue of about 30.4B MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 4677?
The net profit margin of YTL Corporation is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.
Does YTL Corporation pay a dividend?
YTL Corporation currently shows a dividend yield of about 2.49% relative to its recent price (as of Jul 16, 2026).

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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