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Bumi Armada Berhad, an investment holding company, (5210) Fair Value & Analysis

Energy · MY · Market cap 2.1B MYR

BA Bumi Armada Berhad, an investment holding company, 5210 · KLSE
Price0.3350 MYR
Fair Value0.6047 MYR
Upside+80.5%
Quality63/100
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Weak Growth
Highly profitable · 20.9% net margin
Low debt · generates free cash flow
2.82% dividend yield
Ranks above peers (10/15)
Moderate moat 54/100
Evidence: High Range 0.4233 MYR – 0.7559 MYR Share as image

Fair value as of: Jul 20, 2026

From 23 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 0.7200 MYR to 0.6047 MYR (−16.0%) since Jun 25, 2026. Share price −8.2% over the past month.

A solid business, screening 81% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.4233 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.6808 MYR 0.2766 MYR Fair Value 0.6047 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 0.2766 MYR – 0.6808 MYR · fair‑value band 0.4233 MYR – 0.7559 MYR · the 0.3350 MYR price screens below the 0.6047 MYR fair value. Dashed = 300-day average. As of Jul 20, 2026.

Full chart & analysis →

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Analysis

Bumi Armada Berhad, an investment holding company, (5210) currently trades at 0.3350 MYR, while our model-based Fair Value estimate is 0.6047 MYR, implying the stock looks roughly 80.5% undervalued today. The Quality Score stands at 63/100 (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, Bumi Armada Berhad, an investment holding company, generated revenue of 1.4B MYR at a net margin of 20.9%. Revenue declined 35.3% year over year. It earns a return on equity of 5.1%. Net debt stands at 1.1B MYR. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.4233 MYR (bear case) to 0.7559 MYR (bull case); at 0.3350 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 32% below its 52-week high and 23% 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 81%, 5210 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 1.70 MYR 2.27 MYR 3.26 MYR 80
Residual Income 0.8000 MYR 0.8400 MYR 0.9100 MYR 76
ROIC Compounder 0.6200 MYR 0.7300 MYR 0.8300 MYR 72
All 23 models by family
DCF Models
FCF DCF 1.63 MYR 2.22 MYR 3.34 MYR 38
Owner Earnings 1.00 MYR 1.38 MYR 2.08 MYR 31
5Y Revenue Exit 0.7100 MYR 0.8400 MYR 1.04 MYR 39
5Y EBITDA Exit 0.8900 MYR 1.15 MYR 1.50 MYR 41
5Y P/E Exit 0.9900 MYR 1.32 MYR 1.73 MYR 38
10Y Revenue Exit 1.06 MYR 1.21 MYR 1.35 MYR 36
10Y EBITDA Exit 1.18 MYR 1.40 MYR 1.63 MYR 37
10Y P/E Exit 1.23 MYR 1.51 MYR 1.76 MYR 35
Earnings-Based
Graham-Dodd 0.5000 MYR 0.7100 MYR 0.8300 MYR 54
EPV 0.6200 MYR 0.7300 MYR 0.8300 MYR 59
Dividend Discount
Gordon GGM 0.0900 MYR 0.1000 MYR 0.1100 MYR 70
DDM Multi-Stage 0.0900 MYR 0.1100 MYR 0.1400 MYR 61
Multiples
P/E Multiple 0.7800 MYR 1.04 MYR 1.30 MYR 63
P/S Multiple 0.2400 MYR 0.3200 MYR 0.4000 MYR 58
P/B Multiple 0.9400 MYR 1.26 MYR 1.57 MYR 55
EV/EBIT 0.5600 MYR 0.7800 MYR 0.9900 MYR 53
EV/EBITDA 0.4900 MYR 0.6900 MYR 0.8800 MYR 54
EV/Revenue 0.1300 MYR 0.2300 MYR 0.3200 MYR 43
Asset-Based
NCAV (Graham) 0.5000 MYR 0.6700 MYR 1.00 MYR 50
Growth DCF
Growth DCF 1.70 MYR 2.27 MYR 3.26 MYR 80
Economic Profit
Residual Income 0.8000 MYR 0.8400 MYR 0.9100 MYR 76
ROIC Compounder 0.6200 MYR 0.7300 MYR 0.8300 MYR 72
Growth Earnings
Growth-Adj P/E 0.5600 MYR 0.8000 MYR 1.04 MYR 68

Widest divergence: Growth DCF (2.27 MYR) versus Dividend Discount (0.1000 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B MYR
Revenue growth (YoY) -35.3%
Net margin 20.9%
Return on equity 5.1%
Free cash flow 1.1B MYR FY2025
P/E ratio 6.4
More key figures
Operating margin 16.9%
EPS (TTM) 0.0500 MYR
Dividend yield 3.1%
EPS growth (YoY) -78.0%
Net debt 1.1B MYR FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 47

Profitability 39
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 81
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

Bumi Armada Berhad, an investment holding company, engages in providing floating production storage and offloading (FPSO) operations, and exploration, engineering, and maintenance services to offshore oil and gas companies.

Full company description

Bumi Armada Berhad, an investment holding company, engages in providing floating production storage and offloading (FPSO) operations, and exploration, engineering, and maintenance services to offshore oil and gas companies. The Operations segment is involved in the provision of FPSO vessels, floating gas solutions unit, subsea construction assets, and marine related services. Its Others segment provides engineering consultancy services; and project management services. The company also owns ships and manages ships and vessels; engages in marine transportation; and offers marine support and other services to offshore oil and gas companies. In addition, it provides loans, advances and other facilities, cash and debt management, investment and financial risk management, and other treasury management services; obtains non-ringgit financing, and financing and other facilities; and shipping on bare boat or time charter basis. Further, the company engages in the chartering of ships, barges, and boats with crew. The company operates in Malaysia, rest of Asia, Africa, Europe, South America, and Oceania. Bumi Armada Berhad was incorporated in 1995 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bumi Armada Berhad, an investment holding company, reported revenue of 1.6B MYR in FY2025 versus 2.2B MYR in FY2021, a compound −7.4%/yr. Reported net income was 439M MYR in FY2025, compounding −6.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6B MYR
Latest YoY
−30.9%
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.
−12.9%
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.
−7.4%
Avg. growth/yr (17Y) 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.
+6.8%
Revenue −7.4%/yr
FY21 2.2B MYR
FY22 2.4B MYR
FY23 2.1B MYR
FY24 2.3B MYR
FY25 1.6B MYR
Net income −6.5%/yr
FY21 574M MYR
FY22 732M MYR
FY23 332M MYR
FY24 634M MYR
FY25 439M MYR

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Cite: Fair Value Calculator (2026). "Bumi Armada Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5210

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 63 · Top 25%
Fair Value upside +81% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -35% · Bottom 25%
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.32× · Higher than median

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

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.36× · Cheaper than 75% of peers
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 1.7× · Cheaper than 75% of peers
PEG 1.68× · Pricier than median

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 0 · sector 0
PAST 20 · sector 28
HEALTH 84 · sector 92
DIVIDEND 56 · 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 20, 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 Bumi Armada Berhad, an investment holding company, (5210) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.6047 MYR versus a price of 0.3350 MYR, about +81% (undervalued).
What is the fair value of 5210?
Our model-based fair value for Bumi Armada Berhad, an investment holding company, is 0.6047 MYR (as of Jul 20, 2026), built from audited fundamentals. The current price is 0.3350 MYR.
What is the quality score of 5210?
Bumi Armada Berhad, an investment holding company, has a Quality Score of 63/100. 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 Bumi Armada Berhad, an investment holding company, (5210)?
Bumi Armada Berhad, an investment holding company, reported trailing-twelve-month revenue of about 1.4B MYR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 5210?
The net profit margin of Bumi Armada Berhad, an investment holding company, is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. Based on the latest reported figures.
Does Bumi Armada Berhad, an investment holding company, pay a dividend?
Bumi Armada Berhad, an investment holding company, currently shows a dividend yield of about 3.08% relative to its recent price (as of Jul 20, 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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