Deleum Bhd (5132) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Deleum Bhd MYR 2.00, price MYR 1.01, upside +98.1%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Deleum Berhad, together with its subsidiaries, engages in the oil and gas businesses in Malaysia, Indonesia, and internationally. The company operates in two segments, Power and Machinery, and Oilfield Integrated Services.
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Deleum Berhad, together with its subsidiaries, engages in the oil and gas businesses in Malaysia, Indonesia, and internationally. The company operates in two segments, Power and Machinery, and Oilfield Integrated Services. It sells gas turbines and related parts, as well as overhaul of turbines; offers maintenance and technical services, including installation turnkey for new installations, package renewal, and retrofit; supplies and commissions combined heat and power plants; and supplies, installs, repairs, and maintains valves, flow regulators, and other production related equipment. The company also provides oilfield integrated services, such as slickline equipment and services; integrated wellhead maintenance; well intervention and cased hole logging; specialty chemicals and well stimulation; solid control; drilling and completions; gas lift valve, insert strings equipment, accessories, and services; subsurface engineering; integrated corrosion and inspection services, as well as blasting technology and maintenance, construction, and modification services; surface preparation and coating; passive fire protection; heat Induction paint and coatings removal; and other services. In addition, it is involved in the development and provision of solid deposit removal solutions for enhancement of crude oil production; servicing, repair, and maintenance of motors, generators, transformers, pumps, and valves; and services for tanks, vessels, structures, and piping. The company was founded in 1982 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Deleum Bhd (5132) currently trades at 1.01 MYR, while our model-based Fair Value estimate is 2.00 MYR, implying the stock looks roughly 49.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 3.63 MYR per share, and 25 of the 26 models we run sit above the 1.01 MYR price.
Bear case: the Asset-Based group reads lowest at 0.8300 MYR, and 1 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.52 MYR (bear) to 2.41 MYR (bull), the price of 1.01 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 72/100 (solid quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Deleum Bhd reported revenue of 997M MYR in FY2025 versus 558M MYR in FY2021, a compound +15.6%/yr. Reported net income was 71.1M MYR in FY2025, compounding +42.9%/yr from FY2021.
Key figures
Market cap 442M MYR (≈ $108M) · P/E ratio 5.9 · P/S ratio 0.42 · EPS (TTM) 0.1700 MYR · Dividend yield 9.2% · Net margin 7.1% · Return on equity 18.0% · Return on assets (EBIT) 11.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at 98%, 5132 screens cheaper than that median.
Fair Value models
Bear 1.52 MYRFair Value 2.00 MYRBull 2.41 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 (0.0565 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.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.9%
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.
+12.6%
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.
+11.2%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
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.
+5.9%
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What shareholders gained per year (last 5 years), in MYR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+71.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+62.1%
Dividend (yield on the price)9.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.33% vs 10%, picking up
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.5% → 13%
2025 sits 55% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−29.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −31.1% a year for the price and +3.7% for the forecasts.
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 13/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+98% · Top 25%
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth3% · Above median
Dividend yield (TTM)9.2% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Deleum Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5132
Frequently asked questions
Is Deleum Bhd (5132) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.00 MYR versus a price of 1.01 MYR, about +98% upside (undervalued).
What is the fair value of 5132?
Our model-based fair value for Deleum Bhd is 2.00 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.01 MYR.
What is the quality score of 5132?
Deleum Bhd has a Quality Score of 72/100. 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 Deleum Bhd (5132)?
Our model-based price target is the fair value of 2.00 MYR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 1.52 MYR, optimistic scenario 2.41 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Deleum Bhd stock forecast for 2026?
Our models put fair value at 2.00 MYR, about +98% upside versus a price of 1.01 MYR (undervalued). Cautious scenario 1.52 MYR, optimistic scenario 2.41 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Deleum Bhd (5132)?
Deleum Bhd reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Sep 24, 2026).
Does Deleum Bhd pay a dividend?
Deleum Bhd currently shows a dividend yield of about 9.21% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Deleum Bhd (5132)?
For today's price to be fair in a discounted-cash-flow model, Deleum Bhd would have to grow free cash flow by -29.7 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 5132 use?
Our models discount Deleum Bhd at 12.6 %: a base by market capitalisation (micro), damped by beta 0.27, 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 Deleum Bhd that is -29.7 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Deleum Bhd (5132) delivered so far?
Over the past 5 years revenue at Deleum Bhd grew +11.2 % a year. The price currently implies -29.7 % 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 Deleum Bhd (5132) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Deleum Bhd (-29.7 % 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 Deleum Bhd (5132)?
The free-cash-flow yield on the price is 23.76 %: that much free cash flow Deleum Bhd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Deleum Bhd (5132)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Deleum Bhd it is 2.00 MYR per share (as of Sep 24, 2026), against a price of 1.01 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Deleum Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5132 trades below its calculated fair value: price 1.01 MYR, fair value 2.00 MYR, a gap of about +98% (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 5132?
No. The price is what the market pays today (1.01 MYR); the fair value is what the company's own numbers justify (2.00 MYR). For Deleum Bhd the two are 0.9910 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Deleum Bhd worth?
The market values Deleum Bhd at about 442M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 1.01 MYR; our models calculate a fair value of 2.00 MYR per share.
What do the bullish and bearish scenarios say about 5132?
Our models span a range for Deleum Bhd: cautious scenario 1.52 MYR, base 2.00 MYR, optimistic 2.41 MYR per share (as of Sep 24, 2026, price 1.01 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5132?
Deleum Bhd trades at a price-to-earnings ratio of 5.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.00 MYR is built from several models across several years. Other multiples: P/B 0.2, P/S 0.1.
How solid is the balance sheet of Deleum Bhd (5132)?
Balance-sheet figures for Deleum Bhd (as of Sep 24, 2026): return on equity 18.0%, debt of 0.04 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 5132 from its 52-week high?
Deleum Bhd trades at 1.01 MYR, about 26% below its 52-week high of 1.36 MYR and 2% above the low of 0.9900 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.00 MYR is for.
Which stocks are comparable to Deleum 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 Deleum Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 1.01 MYR, calculated fair value 2.00 MYR (+98%), Quality Score 72/100, from 26 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 5132 calculated?
We run Deleum Bhd through 26 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 2.00 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. Deleum Bhd currently trades 98 % 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 Deleum Bhd (5132)?
The closing price on Sep 24, 2026 was 1.01 MYR. Our model-based fair value is 2.00 MYR, about +98% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Deleum Bhd right now?
The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (1.52 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.
Key figures of Deleum Bhd
How large is the market capitalisation of Deleum Bhd (5132)?
The market capitalisation of Deleum Bhd is 442M MYR (≈ $108M). 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 Deleum Bhd (5132)?
The price-to-sales ratio of Deleum Bhd is 0.42 (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 Deleum Bhd (5132)?
Earnings per share at Deleum Bhd are 0.1700 MYR (price ÷ EPS = P/E 5.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Deleum Bhd (5132)?
The dividend yield of Deleum Bhd is 9.2% (payout 54.7%). 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 Deleum Bhd (5132)?
The net margin of Deleum Bhd is 7.1% (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 Deleum Bhd (5132)?
The return on equity (ROE) of Deleum Bhd is 18.0% (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 Deleum Bhd (5132)?
On an EBIT basis the return on assets of Deleum Bhd is 11.9% (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 Deleum Bhd (5132)?
The operating margin of Deleum Bhd is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Deleum Bhd (5132)?
Revenue at Deleum Bhd is growing +3.1% versus a year earlier (3y avg +12.6%). 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 Deleum Bhd (5132)?
Earnings per share at Deleum Bhd are growing −27.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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