PETRONAS Chemicals Group (5183) Fair Value & Analysis

Basic Materials · MY · Market cap 37.8B MYR

Below-average quality, and screening another 27% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (3.46 MYR). The favourable scenario is already priced in.
• Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
• The models converge in a tight band (3.08 MYR to 3.46 MYR), unusually little disagreement for a valuation.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 2.75 MYR – 9.29 MYR · fair‑value band 3.08 MYR – 3.46 MYR · the 4.51 MYR price screens above the 3.28 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

PETRONAS Chemicals Group (5183) currently trades at 4.51 MYR, while our model-based Fair Value estimate is 3.28 MYR, implying the stock looks roughly 27.3% overvalued today. We read business quality at 45/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PETRONAS Chemicals Group generated revenue of 26.8B MYR at a net margin of -6.4%. Revenue declined 8.4% year over year. It earns a return on equity of -4.2%. The balance sheet holds a net cash position of 2.5B MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 3.08 MYR (bear case) to 3.46 MYR (bull case); at 4.51 MYR, the current price sits above 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 27% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -27%, 5183 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.

Widest divergence: Asset-Based (3.02 MYR) versus Dividend Discount (0.8100 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PETRONAS Chemicals Group 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.

5183 screens 27% overvalued. Compare with BASF SE →

Peer Group

Chemicals · 334 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.

Valuation Multiples vs Chemicals median · lower = cheaper

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

Values & ESG

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

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

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Frequently asked questions

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.