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Petronas Chemicals Group Bhd (5183) fair value: what the stock is really worth

We calculate from audited financials what Petronas Chemicals Group Bhd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

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Basic Materials · MY · ISIN MYL5183OO008

PC Some data Sep 18, 2026

Petronas Chemicals Group Bhd

5183 · KLSE

Weak valuationQuality is weak on top of the rich price.

!Fair value 3.08 MYR · Overvalued (−35%)
!Quality 43/100
!Mixed Growth (revenue 5y +13.9 %/yr)
!Loss-making · -6.4% net margin (TTM)
Low debt · generates free cash flow
·1.49% dividend yield
!Trails peers (5/14)
!Narrow moat 17/100
!Evidence only medium, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

9.29 MYR 2.75 MYR Fair Value 3.08 MYR May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

60‑month range 2.75 MYR – 9.29 MYR · fair‑value band 2.92 MYR – 3.46 MYR · the 4.71 MYR price screens above the 3.08 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.

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Company profile

PETRONAS Chemicals Group Berhad, an investment holding company, engages in production and sale of chemicals. The company operates through Olefins and Derivatives, Fertilisers and Methanol, Specialties, and Other segments.

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PETRONAS Chemicals Group Berhad, an investment holding company, engages in production and sale of chemicals. The company operates through Olefins and Derivatives, Fertilisers and Methanol, Specialties, and Other segments. It offers polymers comprising HDPE blown films, blow moulding, and pipes; linear low density polyethylene; and homopolymer, copolymer, and terpolymer; and PETRONAS Wellbore, PETRONAS Rig, and PETRONAS Tank solutions. In addition, the company offers ethylene, propylene, ethylene glycols, butyl glycol ethers, butanol (n-butanol and iso-butanol), butyl acetate, polyethylene glycols, ethonas FAE, nonylphenol ethoxylates, ethanolamines ethonas, and gas treating solvents; methanol, paraxylene, benzene, methyl tertiary butyl ether, and butadiene; ammonia and urea; PETRONAS Aireblue, a diesel exhaust fluid; and oxo-alcohols, as well as trades in and markets petrochemical products; and trades in chemical products. Further, it engages in processing feedstock into ammonia, syngas, carbon monoxide, paraxylene, benzene and other byproducts, n-butane, hydrocarbon by-products, isobutylene, ethylene oxide derivatives, propylene derivatives, and related chemical products; and manufacturing of basic specialty polyols and propionates, formats, organic acids and formaldehyde, aldehydes, carboxylic acids, plasticizers, phthalic anhydride, trimethylolpropane, pentaerythritol, di- pentaerythritol, sodium and calcium formats, preservative acids, nutritional salts, and other chemical products. Additionally, the company owns, operates, and manages Kertih marine facilities; processing natural gas into urea and ammonia; reselling, formulating, and manufacturing silicones, lube oil additives, and chemicals; and real estate business. The company was founded in 1985 and is based in Kuala Lumpur, Malaysia. PETRONAS Chemicals Group Berhad is a subsidiary of Petroliam Nasional Berhad.

Stock analysis

Petronas Chemicals Group Bhd (5183) currently trades at 4.71 MYR, while our model-based Fair Value estimate is 3.08 MYR, implying the stock looks roughly 52.9% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 3.02 MYR per share, and 1 of the 15 models we run sit above the 4.71 MYR price.

Bear case: the Dividend Discount group reads lowest at 0.8100 MYR, and 14 of the 15 models stay below the price. Evidence for this calculation is medium.

Scenario range: 2.92 MYR (bear) to 3.46 MYR (bull), the price of 4.71 MYR sits above 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 43/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Petronas Chemicals Group Bhd reported revenue of 27.5B MYR in FY2025 versus 23.0B MYR in FY2021, a compound +4.5%/yr. Reported net income was −2.1B MYR in FY2025.

Key figures

Market cap 37.7B MYR (≈ $9.2B) · P/S ratio 1.41 · EPS (TTM) −0.2200 MYR · Dividend yield 1.5% · Net margin −7.8% · Return on equity −4.2% · Return on assets (EBIT) 7.0% · Operating margin 9.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 68% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −30% fair-value upside, at −35%, 5183 screens richer than that median.

Fair Value models

Bear 2.92 MYR Fair Value 3.08 MYR Bull 3.46 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. 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.
Highest evidence
FCF DCF 2.24 MYR 2.81 MYR 3.62 MYR 82
Growth DCF 2.28 MYR 2.81 MYR 3.53 MYR 80
5Y EBITDA Exit 3.06 MYR 4.38 MYR 5.86 MYR 76
All 15 models by family
DCF Models
FCF DCF 2.24 MYR 2.81 MYR 3.62 MYR 82
5Y Revenue Exit 1.86 MYR 2.25 MYR 2.71 MYR 74
5Y EBITDA Exit 3.06 MYR 4.38 MYR 5.86 MYR 76
10Y Revenue Exit 1.97 MYR 2.34 MYR 2.78 MYR 68
10Y EBITDA Exit 2.74 MYR 3.78 MYR 5.08 MYR 69
Earnings-Based
EPV 1.54 MYR 1.64 MYR 1.72 MYR 74
Dividend Discount
Gordon GGM 0.5500 MYR 0.9400 MYR 1.41 MYR 67
DDM Multi-Stage 0.5500 MYR 0.8100 MYR 1.11 MYR 66
Multiples
EV/EBIT 1.81 MYR 2.09 MYR 2.38 MYR 66
EV/EBITDA 3.90 MYR 4.88 MYR 5.87 MYR 67
EV/Revenue 1.69 MYR 2.01 MYR 2.33 MYR 54
Asset-Based
NCAV (Graham) 2.25 MYR 3.02 MYR 4.50 MYR 54
Growth DCF
Growth DCF 2.28 MYR 2.81 MYR 3.53 MYR 80
Rev-Margin DCF 1.86 MYR 2.26 MYR 2.70 MYR 74
Economic Profit
ROIC Compounder 1.54 MYR 1.64 MYR 1.72 MYR 72

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Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 44

Profitability 9
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−10.4%
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.
−1.7%
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.
+13.9%
Revenue growth 18 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.
+4.3%
Profit margin (trend) 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.
15.3% (2020) → 2.4% (2025)
What shareholders gained per year We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+22.3%
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.
+0.6%
Yearly sales growth analysts expect, extended to five years.
Forecast 2026 (sales)+16.3%
Forecast 2027 (sales)−4.1%
Projected 2028 (sales)−3.3%
Projected 2029 (sales)−2.6%
Projected 2030 (sales)−1.8%

5183 screens 53% overvalued. Compare with BASF SE →

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Peer GroupHow 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.Chemicals · 348 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 43 · Below median
Fair Value upside −28% · Below median
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −6% · Bottom 25%
Operating margin (TTM) 9% · Above median
Growth and dividend
Revenue growth −8% · Bottom 25%
Dividend yield (TTM) 1.5% · Below median
Balance sheet
Debt / equity 0.06× · Below median

Valuation Multiplesvs Chemicals median · lower = cheaper

P/B 0.26× · Cheapest 25%
P/S (TTM) 0.35× · Cheapest 25%
P/FCF 9.7× · Priciest 25%
EV/EBITDA 1.3× · Cheapest 25%
PEG 5.19× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 24
PAST (return on equity)0 · sector 19
HEALTH (low debt)97 · sector 94
DIVIDEND (yield)30 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
BASF SE BASF 19,580 HUF 5,627 HUF −71%
A. Schulman, Inc SLMNP $847.00 $203.64 −76%
Ningxia Baofeng Energy Group 600989 ¥23.23 ¥36.45 +57%
Dow Inc DOW $30.08 $21.03 −30%
Zhejiang Juhua Co 600160 ¥34.97 ¥19.58 −44%
Rongsheng Petrochemical Co 002493 ¥13.60 ¥2.90 −79%
Zangge Mining Company 000408 ¥70.95 ¥78.05 +10%
Ganfeng Lithium Group 002460 ¥45.91 ¥16.17 −65%
PT Barito Pacific Tbk, BRPT 1,610 IDR 1,577 IDR −2%
Hengli Petrochemical Co 600346 ¥16.38 ¥43.28 +164%

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Cite: Fair Value Calculator (2026). "Petronas Chemicals Group Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5183

Frequently asked questions

Is Petronas Chemicals Group Bhd (5183) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 3.08 MYR versus a price of 4.71 MYR, about −35% upside (overvalued).
What is the fair value of 5183?
Our model-based fair value for Petronas Chemicals Group Bhd is 3.08 MYR (as of Sep 18, 2026), built from audited fundamentals. The current price: 4.71 MYR.
What is the quality score of 5183?
Petronas Chemicals Group Bhd has a Quality Score of 43/100. 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 Petronas Chemicals Group Bhd (5183)?
Our model-based price target is the fair value of 3.08 MYR (as of Sep 18, 2026) from 15 valuation models. Cautious scenario 2.92 MYR, optimistic scenario 3.46 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Petronas Chemicals Group Bhd stock forecast for 2026?
Our models put fair value at 3.08 MYR, about −35% upside versus a price of 4.71 MYR (overvalued). Cautious scenario 2.92 MYR, optimistic scenario 3.46 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Petronas Chemicals Group Bhd (5183)?
Petronas Chemicals Group Bhd reported trailing-twelve-month revenue of about 26.8B MYR (latest available figure, as of Sep 18, 2026).
Does Petronas Chemicals Group Bhd pay a dividend?
Petronas Chemicals Group Bhd currently shows a dividend yield of about 1.49% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Petronas Chemicals Group Bhd (5183)?
For today's price to be fair in a discounted-cash-flow model, Petronas Chemicals Group Bhd would have to grow free cash flow by +22.3 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.9 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 5183 use?
Our models discount Petronas Chemicals Group Bhd at 11.1 %: a base by market capitalisation (mid), 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 Petronas Chemicals Group Bhd that is +22.3 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Petronas Chemicals Group Bhd (5183) delivered so far?
Over the past 5 years revenue at Petronas Chemicals Group Bhd grew +13.9 % a year. The price currently implies +22.3 % 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 Petronas Chemicals Group Bhd (5183) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Petronas Chemicals Group Bhd (+22.3 % 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 Petronas Chemicals Group Bhd (5183)?
The free-cash-flow yield on the price is 2.56 %: that much free cash flow Petronas Chemicals Group Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Petronas Chemicals Group Bhd (5183)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Petronas Chemicals Group Bhd it is 3.08 MYR per share (as of Sep 18, 2026), against a price of 4.71 MYR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Petronas Chemicals Group Bhd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 5183 trades above its calculated fair value: price 4.71 MYR, fair value 3.08 MYR, a gap of about −35% (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 5183?
No. The price is what the market pays today (4.71 MYR); the fair value is what the company's own numbers justify (3.08 MYR). For Petronas Chemicals Group Bhd the two are 1.63 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Petronas Chemicals Group Bhd worth?
The market values Petronas Chemicals Group Bhd at about 37.7B MYR (market capitalisation, as of Sep 18, 2026). Per share that is 4.71 MYR; our models calculate a fair value of 3.08 MYR per share.
What do the bullish and bearish scenarios say about 5183?
Our models span a range for Petronas Chemicals Group Bhd: cautious scenario 2.92 MYR, base 3.08 MYR, optimistic 3.46 MYR per share (as of Sep 18, 2026, price 4.71 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 5183?
The PEG ratio of Petronas Chemicals Group Bhd is 5.19 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Petronas Chemicals Group Bhd (5183)?
Balance-sheet figures for Petronas Chemicals Group Bhd (as of Sep 18, 2026): return on equity −4.2%, debt of 0.06 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 5183 from its 52-week high?
Petronas Chemicals Group Bhd trades at 4.71 MYR, about 24% below its 52-week high of 6.16 MYR and 68% above the low of 2.80 MYR (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 3.08 MYR is for.
Which stocks are comparable to Petronas Chemicals Group Bhd?
From the same area (Basic Materials) we also value BASF SE, A. Schulman, Inc, Ningxia Baofeng Energy Group, Dow Inc, 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 Petronas Chemicals Group Bhd stock attractive at the current price?
The data as of Sep 18, 2026: price 4.71 MYR, calculated fair value 3.08 MYR (−35%), Quality Score 43/100, from 15 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 5183 calculated?
We run Petronas Chemicals Group Bhd through 15 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 3.08 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 16.1 % above its aggregate fair value. Petronas Chemicals Group 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 Petronas Chemicals Group Bhd (5183)?
The closing price on Sep 18, 2026 was 4.71 MYR. Our model-based fair value is 3.08 MYR, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Petronas Chemicals Group Bhd right now?
The price sits above even our optimistic bull case (3.46 MYR). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Petronas Chemicals Group Bhd (5183) come from?
Earnings per share at Petronas Chemicals Group Bhd grew −7.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.2 %, EBIT margin −14.4 %, tax rate +0.3 %, residual (interest, one-offs) −1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Petronas Chemicals Group Bhd

How large is the market capitalisation of Petronas Chemicals Group Bhd (5183)?
The market capitalisation of Petronas Chemicals Group Bhd is 37.7B MYR (≈ $9.2B). 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 Petronas Chemicals Group Bhd (5183)?
The price-to-sales ratio of Petronas Chemicals Group Bhd is 1.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Petronas Chemicals Group Bhd (5183)?
Earnings per share at Petronas Chemicals Group Bhd are −0.2200 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Petronas Chemicals Group Bhd (5183)?
The dividend yield of Petronas Chemicals Group Bhd is 1.5%. 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 Petronas Chemicals Group Bhd (5183)?
The net margin of Petronas Chemicals Group Bhd is −7.8% (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 Petronas Chemicals Group Bhd (5183)?
The return on equity (ROE) of Petronas Chemicals Group Bhd is −4.2% (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 Petronas Chemicals Group Bhd (5183)?
On an EBIT basis the return on assets of Petronas Chemicals Group Bhd is 7.0% (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 Petronas Chemicals Group Bhd (5183)?
The operating margin of Petronas Chemicals Group Bhd is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Petronas Chemicals Group Bhd (5183)?
Revenue at Petronas Chemicals Group Bhd is growing −8.4% versus a year earlier (3y avg −1.7%). 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 Petronas Chemicals Group Bhd (5183)?
Earnings per share at Petronas Chemicals Group Bhd are growing +363% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Petronas Chemicals Group Bhd (5183) hold?
Petronas Chemicals Group Bhd holds more cash than debt, 2.5B MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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