Marine & General Bhd (5078) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Marine & General Bhd MYR 0.24, price MYR 0.32, upside -23.8%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Marine & General Berhad, an investment holding company, provides offshore marine support services for the upstream and downstream oil and gas industry in Malaysia. The company operates through two segments, Marine Logistics " Upstream; and Marine Logistics - Downstream.
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Marine & General Berhad, an investment holding company, provides offshore marine support services for the upstream and downstream oil and gas industry in Malaysia. The company operates through two segments, Marine Logistics " Upstream; and Marine Logistics - Downstream. It owns and charters out offshore support vessels for use by the oil majors in exploration and production activities, including anchor handling function, towing activities, firefighting, recovery support, and transporting equipment and cargoes to and from offshore installations; and liquid bulk carriers for use by the petro-chemical and oleo-chemical industries to transport liquid bulk products. The company also offers marine logistics and tanker management services. It operates 20 anchor handling tug supply vessels, 2 straight supply vessels, 4 chemical vessels, and 4 clean petroleum product tankers. The company was formerly known as Silk Holdings Berhad and changed its name to Marine & General Berhad in June 2017. Marine & General Berhad was incorporated in 1996 and is based in Kuala Lumpur, Malaysia.
Stock analysis
Marine & General Bhd (5078) currently trades at 0.3150 MYR, while our model-based Fair Value estimate is 0.2400 MYR, implying the stock looks roughly 31.3% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.3700 MYR per share, and 8 of the 21 models we run sit above the 0.3150 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.1300 MYR, and 13 of the 21 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2300 MYR (bear) to 0.3700 MYR (bull), the price of 0.3150 MYR sits inside 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 Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Marine & General Bhd reported revenue of 344M MYR in FY2025 versus 220M MYR in FY2021, a compound +11.9%/yr. Reported net income was 25.0M MYR in FY2025.
Key figures
Market cap 246M MYR (≈ $60.3M) · P/E ratio 31.5 · P/S ratio 2.29 · EPS (TTM) 0.0100 MYR · Dividend yield 0.2% · Net margin 7.3% · Return on equity 2,073% · Return on assets (EBIT) 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 152% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −24%, 5078 screens richer than that median.
Fair Value models
Bear 0.2300 MYRFair Value 0.2400 MYRBull 0.3700 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0073 MYR per share) are deliberately not added.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.3%
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.
+3.8%
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.
+12.8%
Start year 2020 (pandemic). Over 10 years: −2.4% a year
Revenue growth 12 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.
+1.0%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+35.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.6%
Dividend (yield on the price)0.2%
Profit margin 2020 to 2025 ⓘ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.34% → 15%
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).
+15.8%
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 +13.6% a year for the price.
Price, fair value, quality and upside side by side.
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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.Oil & Gas Equipment & Services · 190 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−24% · Below median
Profitability
Return on assets5% · Above median
Net margin (TTM)−19% · Bottom 25%
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth−29% · Bottom 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity1.58× · Highest 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Marine & General Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5078
Frequently asked questions
Is Marine & General Bhd (5078) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.2400 MYR versus a price of 0.3150 MYR, about −24% upside (overvalued).
What is the fair value of 5078?
Our model-based fair value for Marine & General Bhd is 0.2400 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.3150 MYR.
What is the quality score of 5078?
Marine & General 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 Marine & General Bhd (5078)?
Our model-based price target is the fair value of 0.2400 MYR (as of Sep 23, 2026) from 24 valuation models. Cautious scenario 0.2300 MYR, optimistic scenario 0.3700 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Marine & General Bhd stock forecast for 2026?
Our models put fair value at 0.2400 MYR, about −24% upside versus a price of 0.3150 MYR (overvalued). Cautious scenario 0.2300 MYR, optimistic scenario 0.3700 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Marine & General Bhd (5078)?
Marine & General Bhd reported trailing-twelve-month revenue of about 182M MYR (latest available figure, as of Sep 23, 2026).
Does Marine & General Bhd pay a dividend?
Marine & General Bhd currently shows a dividend yield of about 0.18% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Marine & General Bhd (5078)?
For today's price to be fair in a discounted-cash-flow model, Marine & General Bhd would have to grow free cash flow by +15.8 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 5078 use?
Our models discount Marine & General Bhd at 14.1 %: a base by market capitalisation (micro), 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 Marine & General Bhd that is +15.8 % per year a year over ten years, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has Marine & General Bhd (5078) delivered so far?
Over the past 5 years revenue at Marine & General Bhd grew +12.8 % a year. The price currently implies +15.8 % 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 Marine & General Bhd (5078) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Marine & General Bhd (+15.8 % 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 Marine & General Bhd (5078)?
The free-cash-flow yield on the price is 16.15 %: that much free cash flow Marine & General Bhd produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Marine & General Bhd (5078)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marine & General Bhd it is 0.2400 MYR per share (as of Sep 23, 2026), against a price of 0.3150 MYR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Marine & General Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 5078 trades above its calculated fair value: price 0.3150 MYR, fair value 0.2400 MYR, a gap of about −24% (overvalued). 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 5078?
No. The price is what the market pays today (0.3150 MYR); the fair value is what the company's own numbers justify (0.2400 MYR). For Marine & General Bhd the two are 0.0750 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Marine & General Bhd worth?
The market values Marine & General Bhd at about 246M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.3150 MYR; our models calculate a fair value of 0.2400 MYR per share.
What do the bullish and bearish scenarios say about 5078?
Our models span a range for Marine & General Bhd: cautious scenario 0.2300 MYR, base 0.2400 MYR, optimistic 0.3700 MYR per share (as of Sep 23, 2026, price 0.3150 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5078?
Marine & General Bhd trades at a price-to-earnings ratio of 31.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2400 MYR is built from several models across several years. Other multiples: P/B 0.2, P/S 0.3, EV/EBITDA 3.9.
How solid is the balance sheet of Marine & General Bhd (5078)?
Balance-sheet figures for Marine & General Bhd (as of Sep 23, 2026): debt of 1.58 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 5078 from its 52-week high?
Marine & General Bhd trades at 0.3150 MYR, about 6% below its 52-week high of 0.3350 MYR and 152% above the low of 0.1250 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2400 MYR is for.
Which stocks are comparable to Marine & General Bhd?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, 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 Marine & General Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.3150 MYR, calculated fair value 0.2400 MYR (−24%), Quality Score 35/100, from 24 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 5078 calculated?
We run Marine & General Bhd through 24 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 0.2400 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 13.0 % above its aggregate fair value. Marine & General Bhd itself currently trades above fair value. 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 Marine & General Bhd (5078)?
The closing price on Sep 24, 2026 was 0.3150 MYR. Our model-based fair value is 0.2400 MYR, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Marine & General Bhd right now?
Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Marine & General Bhd
How large is the market capitalisation of Marine & General Bhd (5078)?
The market capitalisation of Marine & General Bhd is 246M MYR (≈ $60.3M). 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 Marine & General Bhd (5078)?
The price-to-sales ratio of Marine & General Bhd is 2.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Marine & General Bhd (5078)?
Earnings per share at Marine & General Bhd are 0.0100 MYR (price ÷ EPS = P/E 31.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Marine & General Bhd (5078)?
The dividend yield of Marine & General Bhd is 0.2% (payout 5.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Marine & General Bhd (5078)?
The net margin of Marine & General Bhd is 7.3% (fiscal year 2025). 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 Marine & General Bhd (5078)?
The return on equity (ROE) of Marine & General Bhd is 2,073% (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 Marine & General Bhd (5078)?
On an EBIT basis the return on assets of Marine & General Bhd is 7.8% (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 Marine & General Bhd (5078)?
The operating margin of Marine & General Bhd is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Marine & General Bhd (5078)?
Revenue at Marine & General Bhd is growing −28.7% versus a year earlier (3y avg +3.8%). 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 Marine & General Bhd (5078)?
Earnings per share at Marine & General Bhd are growing +42.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Marine & General Bhd (5078) carry?
The net debt of Marine & General Bhd is 463M MYR (fiscal year 2025, ≈ 11.7 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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