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Sarawak Plantation Berhad, (5135) Fair Value & Analysis

Consumer Defensive · MY · Market cap 1.1B MYR

SP Sarawak Plantation Berhad, 5135 · KLSE
Price4.33 MYR
Fair Value5.60 MYR
Upside+29.3%
Quality66/100
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Healthy Growth
Solidly profitable · 19.6% net margin
Low debt · generates free cash flow
6.27% dividend yield
Ranks above peers (12/14)
Wide moat 71/100
Evidence: High Range 3.63 MYR – 8.09 MYR Share as image

Fair value as of: Jul 15, 2026

From 25 valuation models · updated 26 days ago

Share price +8.5% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3.63 MYR to 8.09 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

4.49 MYR 1.37 MYR Fair Value 5.60 MYR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 1.37 MYR – 4.49 MYR · fair‑value band 3.63 MYR – 8.09 MYR · the 4.33 MYR price screens below the 5.60 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Sarawak Plantation Berhad, (5135) currently trades at 4.33 MYR, while our model-based Fair Value estimate is 5.60 MYR, implying the stock looks roughly 29.3% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Defensive 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, Sarawak Plantation Berhad, generated revenue of 541M MYR at a net margin of 19.6%. Revenue declined 22.4% year over year. It earns a return on equity of 13.0%. The balance sheet holds a net cash position of 37.5M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 3.63 MYR (bear case) to 8.09 MYR (bull case); at 4.33 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 near its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 29%, 5135 screens richer 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 2.51 MYR 3.27 MYR 4.18 MYR 80
Residual Income 2.65 MYR 3.01 MYR 4.68 MYR 76
Rev-Margin DCF 2.32 MYR 3.38 MYR 4.54 MYR 74
All 25 models by family
DCF Models
FCF DCF 2.48 MYR 3.32 MYR 4.39 MYR 38
Owner Earnings 2.78 MYR 3.74 MYR 4.95 MYR 31
5Y Revenue Exit 2.32 MYR 3.35 MYR 4.62 MYR 39
5Y EBITDA Exit 4.00 MYR 6.37 MYR 9.05 MYR 41
5Y P/E Exit 4.21 MYR 6.74 MYR 9.31 MYR 38
10Y Revenue Exit 2.31 MYR 3.20 MYR 4.29 MYR 36
10Y EBITDA Exit 3.33 MYR 5.07 MYR 7.27 MYR 37
10Y P/E Exit 3.45 MYR 5.30 MYR 7.44 MYR 35
Earnings-Based
Graham-Dodd 2.58 MYR 6.51 MYR 8.46 MYR 54
PEG = 1.0 1.20 MYR 1.72 MYR 2.23 MYR 46
EPV 2.54 MYR 2.86 MYR 3.12 MYR 59
Dividend Discount
Gordon GGM 1.55 MYR 2.62 MYR 3.77 MYR 70
DDM Multi-Stage 1.55 MYR 2.23 MYR 2.86 MYR 61
Multiples
P/E Multiple 5.97 MYR 7.96 MYR 9.95 MYR 63
P/S Multiple 2.46 MYR 3.28 MYR 4.10 MYR 58
P/B Multiple 4.83 MYR 6.45 MYR 8.06 MYR 55
EV/EBIT 5.55 MYR 7.33 MYR 9.11 MYR 53
EV/EBITDA 5.76 MYR 7.62 MYR 9.47 MYR 54
EV/Revenue 2.34 MYR 3.27 MYR 4.19 MYR 43
Asset-Based
NCAV (Graham) 1.49 MYR 1.99 MYR 2.97 MYR 50
Growth DCF
Growth DCF 2.51 MYR 3.27 MYR 4.18 MYR 80
Rev-Margin DCF 2.32 MYR 3.38 MYR 4.54 MYR 74
Economic Profit
Residual Income 2.65 MYR 3.01 MYR 4.68 MYR 76
ROIC Compounder 2.54 MYR 2.86 MYR 3.21 MYR 72
Growth Earnings
Growth-Adj P/E 4.62 MYR 6.59 MYR 8.57 MYR 68

Widest divergence: Growth Earnings (6.59 MYR) versus Asset-Based (1.99 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 541M MYR
Revenue growth (YoY) -22.4%
Net margin 19.6%
Return on equity 13.0%
Free cash flow 71.1M MYR FY2025
P/E ratio 10.7
More key figures
Operating margin 28.9%
EPS (TTM) 0.3800 MYR
Dividend yield 6.3%
EPS growth (YoY) +2.1%
Net cash 37.5M MYR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 90

Profitability 50
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

Sarawak Plantation Berhad, together with its subsidiaries, engages in the cultivation and processing of oil palm into crude palm oil and palm kernel in Malaysia. It operates through Investment holding, Oil Palm Operations, and Agronomic/Marketing Services and Rental segment.

Full company description

Sarawak Plantation Berhad, together with its subsidiaries, engages in the cultivation and processing of oil palm into crude palm oil and palm kernel in Malaysia. It operates through Investment holding, Oil Palm Operations, and Agronomic/Marketing Services and Rental segment. The company is also involved in processing fresh fruit bunches; property investment activities; and provision of management, marketing, agronomic, and consultancy, as well as laboratory services. In addition, it produces seeds under the Surea DxP brand; operates oil palm nursery; and cattle integration activities. The company was incorporated in 1997 and is based in Miri, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sarawak Plantation Berhad, reported revenue of 572M MYR in FY2025 versus 791M MYR in FY2021, a compound −7.8%/yr. Reported net income was 106M MYR in FY2025, compounding −4.6%/yr from FY2021.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
572M MYR
Latest YoY
+3.7%
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.
−7.0%
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.
+4.2%
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.
+2.2%
Revenue −7.8%/yr
FY21 791M MYR
FY22 711M MYR
FY23 571M MYR
FY24 551M MYR
FY25 572M MYR
Net income −4.6%/yr
FY21 128M MYR
FY22 96.7M MYR
FY23 64.4M MYR
FY24 92.0M MYR
FY25 106M MYR

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Cite: Fair Value Calculator (2026). "Sarawak Plantation Berhad, Fair Value". https://www.fairvalue-calculator.com/stock/5135

Peer Group

Farm Products · 288 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 66 · Top 25%
Fair Value upside +29% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 6.3% · Top 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than median
P/B 0.34× · Cheaper than median
P/S (TTM) 0.52× · Cheaper than median
P/FCF 3.9× · Pricier than median
EV/EBITDA 1.3× · 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 72 · sector 25
FUTURE 0 · sector 20
PAST 52 · sector 17
HEALTH 97 · sector 94
DIVIDEND 100 · sector 38

Insider activity: 45/100

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Sarawak Plantation Berhad, (5135) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 5.60 MYR versus a price of 4.33 MYR, about +29% (undervalued).
What is the fair value of 5135?
Our model-based fair value for Sarawak Plantation Berhad, is 5.60 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 4.33 MYR.
What is the quality score of 5135?
Sarawak Plantation Berhad, has a Quality Score of 66/100. 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 Sarawak Plantation Berhad, (5135)?
Sarawak Plantation Berhad, reported trailing-twelve-month revenue of about 541M MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 5135?
The net profit margin of Sarawak Plantation Berhad, is about 19.6%, meaning it keeps roughly 19.6% of revenue as net income. Based on the latest reported figures.
Does Sarawak Plantation Berhad, pay a dividend?
Sarawak Plantation Berhad, currently shows a dividend yield of about 6.53% relative to its recent price (as of Jul 15, 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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