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Deleum Berhad, (5132) Fair Value & Analysis

Energy · MY · Market cap 442M MYR

DB Deleum Berhad, 5132 · KLSE
Price1.13 MYR
Fair Value2.00 MYR
Upside+77.1%
Quality72/100
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Healthy Growth
Thin margins · 6.8% net margin
Low debt · generates free cash flow
8.38% dividend yield
Ranks above peers (13/13)
Moderate moat 55/100
Evidence: High Range 1.52 MYR – 2.41 MYR Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 2.93 MYR to 2.00 MYR (−31.7%) since Jun 25, 2026.

A solid business, screening 77% undervalued on our models.

What matters 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.
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Price vs Fair Value (5 years)

1.54 MYR 0.3443 MYR Fair Value 2.00 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.3443 MYR – 1.54 MYR · fair‑value band 1.52 MYR – 2.41 MYR · the 1.13 MYR price screens below the 2.00 MYR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Deleum Berhad, (5132) currently trades at 1.13 MYR, while our model-based Fair Value estimate is 2.00 MYR, implying the stock looks roughly 77.1% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Energy 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, Deleum Berhad, generated revenue of 1.0B MYR at a net margin of 6.8%. Revenue grew 3.1% year over year. It earns a return on equity of 18.0%. The stock trades on a trailing P/E of 6.6. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1.52 MYR (bear case) to 2.41 MYR (bull case); at 1.13 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 28% 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 -36% fair-value upside, at 77%, 5132 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
Growth DCF 2.94 MYR 4.18 MYR 5.87 MYR 80
Residual Income 1.15 MYR 1.35 MYR 2.40 MYR 76
Rev-Margin DCF 2.71 MYR 4.05 MYR 5.69 MYR 74
All 26 models by family
DCF Models
FCF DCF 2.95 MYR 4.31 MYR 6.25 MYR 38
Owner Earnings 2.14 MYR 3.03 MYR 4.32 MYR 31
5Y Revenue Exit 2.71 MYR 4.05 MYR 5.81 MYR 39
5Y EBITDA Exit 2.46 MYR 3.56 MYR 4.87 MYR 41
5Y P/E Exit 2.50 MYR 3.64 MYR 4.88 MYR 38
10Y Revenue Exit 2.72 MYR 3.93 MYR 5.64 MYR 36
10Y EBITDA Exit 2.63 MYR 3.61 MYR 4.96 MYR 37
10Y P/E Exit 2.65 MYR 3.66 MYR 4.96 MYR 35
Earnings-Based
Graham-Dodd 1.20 MYR 4.75 MYR 6.46 MYR 54
Lynch FV 1.17 MYR 1.68 MYR 2.18 MYR 50
PEG = 1.0 1.17 MYR 1.68 MYR 2.18 MYR 46
EPV 2.81 MYR 3.12 MYR 3.37 MYR 59
Dividend Discount
Gordon GGM 0.7200 MYR 1.30 MYR 1.79 MYR 70
DDM Multi-Stage 0.7200 MYR 1.19 MYR 1.39 MYR 61
Multiples
P/E Multiple 1.86 MYR 2.48 MYR 3.10 MYR 63
P/S Multiple 2.23 MYR 2.98 MYR 3.72 MYR 58
P/B Multiple 1.67 MYR 2.22 MYR 2.78 MYR 55
EV/EBIT 2.98 MYR 3.79 MYR 4.61 MYR 53
EV/EBITDA 2.34 MYR 2.93 MYR 3.53 MYR 54
EV/Revenue 2.63 MYR 3.53 MYR 4.42 MYR 43
Asset-Based
NCAV (Graham) 0.6200 MYR 0.8300 MYR 1.24 MYR 50
Growth DCF
Growth DCF 2.94 MYR 4.18 MYR 5.87 MYR 80
Rev-Margin DCF 2.71 MYR 4.05 MYR 5.69 MYR 74
Economic Profit
Residual Income 1.15 MYR 1.35 MYR 2.40 MYR 76
ROIC Compounder 2.97 MYR 3.50 MYR 4.08 MYR 72
Growth Earnings
Growth-Adj P/E 1.67 MYR 2.39 MYR 3.10 MYR 68

Widest divergence: Growth DCF (4.05 MYR) versus Asset-Based (0.8300 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B MYR
Revenue growth (YoY) +3.1%
Net margin 6.8%
Return on equity 18.0%
Free cash flow 96.4M MYR FY2025
P/E ratio 6.5
More key figures
Operating margin 9.8%
EPS (TTM) 0.1700 MYR
Dividend yield 8.1%
EPS growth (YoY) -27.8%

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 72 · Market factors (momentum, volatility) 41

Profitability 60
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Deleum Berhad, 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.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
997M MYR
Latest YoY
+9.9%
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.
+12.6%
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.
+11.2%
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.
+5.9%
Revenue +15.6%/yr
FY21 558M MYR
FY22 698M MYR
FY23 792M MYR
FY24 907M MYR
FY25 997M MYR
Net income +42.9%/yr
FY21 17.1M MYR
FY22 42.1M MYR
FY23 45.7M MYR
FY24 74.2M MYR
FY25 71.1M MYR

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Cite: Fair Value Calculator (2026). "Deleum Berhad, Fair Value". https://www.fairvalue-calculator.com/stock/5132

Peer Group

Oil & Gas Equipment & Services · 191 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 72 · Top 25%
Fair Value upside +77% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 8.4% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/E (TTM) 6.5× · Cheaper than 75% of peers
P/B 0.22× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 1.1× · 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 100 · sector 0
FUTURE 16 · sector 0
PAST 72 · sector 28
HEALTH 98 · sector 92
DIVIDEND 100 · sector 31

Values & ESG

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

Oil & gas

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

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLBN 836.00 MXN 533.97 MXN -36%
Baker Hughes Company BKR $55.95 $33.55 -40%
TechnipFMC plc FTI $74.57 $27.57 -63%
Halliburton Company HAL $35.22 $21.50 -39%
Tenaris S.A TS $57.16 $45.68 -20%
Yantai Jereh Oilfield Services Group 002353 ¥138.79 ¥34.17 -75%
Saipem SpA SPM €4.20 €2.72 -35%
Subsea 7 S.A SUBC kr 319.00 kr 227.98 -29%
China Oilfield Services Limited 601808 ¥12.08 ¥12.64 +5%
Gaztransport & Technigaz SA GTT €188.10 €95.01 -49%

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Frequently asked questions

Is Deleum Berhad, (5132) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 2.00 MYR versus a price of 1.13 MYR, about +77% (undervalued).
What is the fair value of 5132?
Our model-based fair value for Deleum Berhad, is 2.00 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 1.13 MYR.
What is the quality score of 5132?
Deleum Berhad, 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 revenue of Deleum Berhad, (5132)?
Deleum Berhad, reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 5132?
The net profit margin of Deleum Berhad, is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
Does Deleum Berhad, pay a dividend?
Deleum Berhad, currently shows a dividend yield of about 8.09% relative to its recent price (as of Jul 17, 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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