Pelikan International Corp (5231) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Pelikan International Corp MYR 0.06, price MYR 0.11, upside -42.9%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PBS Berhad, together with its subsidiaries, manufactures and distributes stationery and office products in Asia and internationally. The company was formerly known as Pelikan International Corporation Berhad and changed its name to PBS Berhad in June 2024. PBS Berhad was incorporated in 1980 and is based in Subang Jaya, Malaysia.
Stock analysis
Pelikan International Corp (5231) currently trades at 0.1050 MYR, while our model-based Fair Value estimate is 0.0600 MYR, implying the stock looks roughly 75.0% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.0700 MYR per share, and 6 of the 15 models we run sit above the 0.1050 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0100 MYR, and 9 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0400 MYR (bear) to 0.0600 MYR (bull), the price of 0.1050 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 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Pelikan International Corp reported revenue of 11.7M MYR in FY2025 versus 1.0B MYR in FY2021, a compound −67.1%/yr. Reported net income was 931K MYR in FY2025, compounding −67.7%/yr from FY2021.
Key figures
Market cap 63.3M MYR (≈ $15.5M) · P/S ratio 5.33 · Dividend yield 4.0% · Net margin 7.9% · Return on equity −0.6% · Return on assets (EBIT) 6.5% · Operating margin −2.5% · Revenue (TTM) 11.3M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −43%, 5231 screens richer than that median.
Fair Value models
Bear 0.0400 MYRFair Value 0.0600 MYRBull 0.0600 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.
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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−61.2%
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.
−44.0%
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.
−12.6%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−34.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−38.7%
Dividend (yield on the price)4.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−39% vs −17%, slowing
Profit margin 2019 to 2024 ⓘ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.4% → 0%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 34.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer Groupⓘ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.Specialty Business Services · 248 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−43% · Bottom 25%
Profitability
Return on assets16% · Top 25%
Net margin (TTM)6% · Above median
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth−21% · Bottom 25%
Dividend yield (TTM)4.0% · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/B0.25× · Cheapest 25%
P/S (TTM)1.37× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 44
FUTURE (revenue growth)0· sector 27
PAST (return on equity)0· sector 36
HEALTH (low debt)100· sector 90
DIVIDEND (yield)80· sector 54
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Pelikan International Corp Fair Value". https://www.fairvalue-calculator.com/stock/5231
Frequently asked questions
Is Pelikan International Corp (5231) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.0600 MYR versus a price of 0.1050 MYR, about −43% upside (overvalued).
What is the fair value of 5231?
Our model-based fair value for Pelikan International Corp is 0.0600 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.1050 MYR.
What is the quality score of 5231?
Pelikan International Corp has a Quality Score of 53/100. 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 Pelikan International Corp (5231)?
Our model-based price target is the fair value of 0.0600 MYR (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 0.0400 MYR, optimistic scenario 0.0600 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Pelikan International Corp stock forecast for 2026?
Our models put fair value at 0.0600 MYR, about −43% upside versus a price of 0.1050 MYR (overvalued). Cautious scenario 0.0400 MYR, optimistic scenario 0.0600 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Pelikan International Corp (5231)?
Pelikan International Corp reported trailing-twelve-month revenue of about 11.3M MYR (latest available figure, as of Sep 24, 2026).
Does Pelikan International Corp pay a dividend?
Pelikan International Corp currently shows a dividend yield of about 4.00% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Pelikan International Corp (5231)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pelikan International Corp it is 0.0600 MYR per share (as of Sep 24, 2026), against a price of 0.1050 MYR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Pelikan International Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5231 trades above its calculated fair value: price 0.1050 MYR, fair value 0.0600 MYR, a gap of about −43% (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 5231?
No. The price is what the market pays today (0.1050 MYR); the fair value is what the company's own numbers justify (0.0600 MYR). For Pelikan International Corp the two are 0.0450 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Pelikan International Corp worth?
The market values Pelikan International Corp at about 63.3M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.1050 MYR; our models calculate a fair value of 0.0600 MYR per share.
What do the bullish and bearish scenarios say about 5231?
Our models span a range for Pelikan International Corp: cautious scenario 0.0400 MYR, base 0.0600 MYR, optimistic 0.0600 MYR per share (as of Sep 24, 2026, price 0.1050 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Pelikan International Corp (5231)?
Balance-sheet figures for Pelikan International Corp (as of Sep 24, 2026): return on equity −0.6%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 5231 from its 52-week high?
Pelikan International Corp trades at 0.1050 MYR, about 36% below its 52-week high of 0.1650 MYR and 17% above the low of 0.0900 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0600 MYR is for.
Which stocks are comparable to Pelikan International Corp?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Pelikan International Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 0.1050 MYR, calculated fair value 0.0600 MYR (−43%), Quality Score 53/100, 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 5231 calculated?
We run Pelikan International Corp 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 0.0600 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 14.0 % above its aggregate fair value. Pelikan International Corp 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 Pelikan International Corp (5231)?
The closing price on Sep 24, 2026 was 0.1050 MYR. Our model-based fair value is 0.0600 MYR, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pelikan International Corp right now?
The price sits above even our optimistic bull case (0.0600 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Pelikan International Corp
How large is the market capitalisation of Pelikan International Corp (5231)?
The market capitalisation of Pelikan International Corp is 63.3M MYR (≈ $15.5M). 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 Pelikan International Corp (5231)?
The price-to-sales ratio of Pelikan International Corp is 5.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Pelikan International Corp (5231)?
The dividend yield of Pelikan International Corp is 4.0%. 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 Pelikan International Corp (5231)?
The net margin of Pelikan International Corp is 7.9% (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 Pelikan International Corp (5231)?
The return on equity (ROE) of Pelikan International Corp is −0.6% (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 Pelikan International Corp (5231)?
On an EBIT basis the return on assets of Pelikan International Corp is 6.5% (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 Pelikan International Corp (5231)?
The operating margin of Pelikan International Corp is −2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pelikan International Corp (5231)?
Revenue at Pelikan International Corp is growing −21.2% versus a year earlier (3y avg −17.0%). 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 Pelikan International Corp (5231)?
Earnings per share at Pelikan International Corp are growing +620% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Pelikan International Corp (5231) generate?
The free cash flow of Pelikan International Corp is −2.8M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Pelikan International Corp (5231) hold?
Pelikan International Corp holds more cash than debt, 84.7M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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