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Malakoff Corporation (5264) Fair Value & Analysis

Utilities · MY · Market cap 3.9B MYR

MC Malakoff Corporation 5264 · KLSE
Price0.8150 MYR
Fair Value0.4500 MYR
Upside-44.8%
Quality47/100
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Mixed Growth
Thin margins · 1.3% net margin
High debt · generates free cash flow
3.00% dividend yield
Mixed vs. peers (6/15)
Narrow moat 29/100
Evidence: High Range 0.3600 MYR – 0.5300 MYR Share as image

Fair value as of: Jul 17, 2026

From 21 valuation models · updated 23 days ago

Share price +0.6% over the past month.

Below-average quality, and screening another 45% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.5300 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1.10 MYR 0.4637 MYR Fair Value 0.4500 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.4637 MYR – 1.10 MYR · fair‑value band 0.3600 MYR – 0.5300 MYR · the 0.8150 MYR price screens above the 0.4500 MYR fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Malakoff Corporation (5264) currently trades at 0.8150 MYR, while our model-based Fair Value estimate is 0.4500 MYR, implying the stock looks roughly 44.8% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Utilities 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, Malakoff Corporation generated revenue of 6.6B MYR at a net margin of 1.3%. Revenue declined 32.3% year over year. It earns a return on equity of 2.1%. Net debt stands at 6.8B MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.3600 MYR (bear case) to 0.5300 MYR (bull case); at 0.8150 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 26% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -45%, 5264 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 BearBaseBull Evidence
Highest evidence
Growth DCF 0.4700 MYR 0.9300 MYR 1.74 MYR 80
Residual Income 0.6200 MYR 0.6000 MYR 0.4800 MYR 76
Rev-Margin DCF 0.4000 MYR 0.9200 MYR 74
All 21 models by family
DCF Models
FCF DCF 0.4100 MYR 0.8900 MYR 1.81 MYR 38
Owner Earnings 0.1200 MYR 0.4900 MYR 1.22 MYR 31
5Y Revenue Exit 0.3700 MYR 0.9100 MYR 39
5Y EBITDA Exit 0.8000 MYR 1.72 MYR 2.97 MYR 41
10Y Revenue Exit 0.1300 MYR 0.4700 MYR 0.8400 MYR 36
10Y EBITDA Exit 0.6300 MYR 1.34 MYR 2.14 MYR 37
10Y P/E Exit 0.1000 MYR 0.2400 MYR 35
Earnings-Based
Graham-Dodd 0.1300 MYR 0.2200 MYR 0.2700 MYR 54
Dividend Discount
Gordon GGM 0.3200 MYR 0.3900 MYR 0.4600 MYR 70
DDM Multi-Stage 0.3200 MYR 0.4200 MYR 0.5500 MYR 61
Multiples
P/E Multiple 0.2700 MYR 0.3500 MYR 0.4400 MYR 63
P/S Multiple 0.2500 MYR 0.3300 MYR 0.4200 MYR 58
P/B Multiple 0.2500 MYR 0.3300 MYR 0.4200 MYR 55
EV/EBIT 0.3500 MYR 0.7000 MYR 53
EV/EBITDA 1.38 MYR 2.18 MYR 2.99 MYR 54
EV/Revenue 0.1700 MYR 0.5300 MYR 43
Asset-Based
NCAV (Graham) 0.4400 MYR 0.5900 MYR 0.8900 MYR 50
Growth DCF
Growth DCF 0.4700 MYR 0.9300 MYR 1.74 MYR 80
Rev-Margin DCF 0.4000 MYR 0.9200 MYR 74
Economic Profit
Residual Income 0.6200 MYR 0.6000 MYR 0.4800 MYR 76
Growth Earnings
Growth-Adj P/E 0.1900 MYR 0.2700 MYR 0.3500 MYR 68

Widest divergence: Economic Profit (0.6000 MYR) versus Earnings-Based (0.2200 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.6B MYR
Revenue growth (YoY) -32.3%
Net margin 1.3%
Return on equity 2.1%
Free cash flow 744M MYR FY2025
P/E ratio 80.0
More key figures
Operating margin 5.9%
EPS (TTM) 0.0100 MYR
Dividend yield 3.0%
EPS growth (YoY) -32.9%
Net debt 6.8B MYR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 45

Profitability 18
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 25
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

Malakoff Corporation Berhad, an investment holding company, operates as an energy and environmental solution company in Malaysia. It operates through Power Generation, and Waste Management and Environmental Services segments.

Full company description

Malakoff Corporation Berhad, an investment holding company, operates as an energy and environmental solution company in Malaysia. It operates through Power Generation, and Waste Management and Environmental Services segments. The company engages in the design, construction, operation, financing, and maintenance of a combined cycle power plant, generation and sale of electrical energy, and generating capacity of the power plant; design, engineering, administer, procurement, construction, installation and commissioning, testing, operation, and maintenance of coal-fired electricity generating facility, and water desalination plant; and land reclamation, and development and/or sale of reclaimed land. It also builds, owns, and operates an electricity distribution system and a centralized chilled water plant system; develops, operates, and maintains solar photovoltaic projects; and provides engineering and project management services, as well as operation and maintenance, repair, overhaul, and other related services to power plants and other utility plants. In addition, the company engages in the asset, property, investment, and intellectual property businesses; and developing, financing, constructing, operating, and maintaining rooftop solar, hydropower, biogas, and renewable energy projects. Further, it provides integrated solid waste collection and public cleansing management; recycling and integrated facility management services; and operates as an independent power producer to supply electricity to Tenaga Nasional Berhad. The company was incorporated in 1975 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

Malakoff Corporation reported revenue of 7.2B MYR in FY2025 versus 6.5B MYR in FY2021, a compound +2.8%/yr. Reported net income was 96.1M MYR in FY2025, compounding −22.1%/yr from FY2021.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
7.2B MYR
Latest YoY
−19.6%
Avg. growth/yr (3Y)
−11.4%
Avg. growth/yr (5Y)
+2.8%
Avg. growth/yr (18Y)
+5.6%
Revenue +2.8%/yr
FY21 6.5B MYR
FY22 10.4B MYR
FY23 9.1B MYR
FY24 9.0B MYR
FY25 7.2B MYR
Net income −22.1%/yr
FY21 260M MYR
FY22 302M MYR
FY23 −837M MYR
FY24 269M MYR
FY25 96.1M MYR

5264 screens 45% overvalued. Compare with Iberdrola, S.A →

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Cite: Fair Value Calculator (2026). "Malakoff Corporation Fair Value". https://www.fairvalue-calculator.com/stock/5264

Peer Group

Utilities - Diversified · 51 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 47 · Above median
Fair Value upside −45% · Bottom 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 6% · Bottom 25%
Revenue growth -32% · Bottom 25%
Dividend yield (TTM) 3.0% · Below median
Debt / equity 1.51× · Higher than median

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 80.0× · Pricier than 75% of peers
P/B 0.90× · Cheaper than 75% of peers
P/S (TTM) 0.60× · Cheaper than 75% of peers
P/FCF 1.3× · Cheaper than 75% of peers
EV/EBITDA 5.8× · Cheaper than 75% of peers
PEG 0.82× · 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 0 · sector 14
FUTURE 0 · sector 0
PAST 8 · sector 33
HEALTH 24 · sector 49
DIVIDEND 60 · sector 80

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

Insider activity: 40/100

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 Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €21.25 €9.34 -56%
Enel SpA ENEL €10.28 €5.83 -43%
Engie SA 1ENGI €26.59 €17.39 -35%
Sempra SRE $93.15 $47.77 -49%
E.ON SE EOAN €19.34 €11.71 -39%
RWE Aktiengesellschaft generates and 1RWE €56.52 €29.64 -48%
ACWA Power Company 2082 198.20 SAR 25.38 SAR -87%
Brookfield Infrastructure Partners L.P. BIPUN C$55.05 C$17.66 -68%
EnBW Energie Baden-Württemberg AG EBK €69.00 €21.11 -69%
EDP, S.A EDP €4.41 €3.81 -14%

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Frequently asked questions

Is Malakoff Corporation (5264) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.4500 MYR versus a price of 0.8150 MYR, about −45% (overvalued).
What is the fair value of 5264?
Our model-based fair value for Malakoff Corporation is 0.4500 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.8150 MYR.
What is the quality score of 5264?
Malakoff Corporation has a Quality Score of 47/100. 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 Malakoff Corporation (5264)?
Malakoff Corporation reported trailing-twelve-month revenue of about 6.6B MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 5264?
The net profit margin of Malakoff Corporation is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does Malakoff Corporation pay a dividend?
Malakoff Corporation currently shows a dividend yield of about 2.81% relative to its recent price (as of Jul 17, 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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