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5348 Fair Value & Analysis

Industrials · MY · Market cap 855M MYR

5 5348 5348 · KLSE
Price0.8950 MYR
Fair Value0.6200 MYR
Upside-30.7%
Quality51/100
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Weak Growth
Highly profitable · 24.3% net margin
Moderate debt · generates free cash flow
1.73% dividend yield
Ranks above peers (9/14)
Wide moat 73/100
Evidence: High Range 0.5500 MYR – 0.8800 MYR Share as image

Fair value as of: Jul 16, 2026

From 21 valuation models · updated 25 days ago

Share price +4.7% over the past month.

A solid business, but screening 31% overvalued on our models.

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 0.5500 MYR (bear) to 0.8800 MYR (bull), base 0.6200 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (8 months)

1.13 MYR 0.8148 MYR Fair Value 0.6200 MYR Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.

How to read this chart

8‑month range 0.8148 MYR – 1.13 MYR · fair‑value band 0.5500 MYR – 0.8800 MYR · the 0.8950 MYR price screens above the 0.6200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 16, 2026.

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Analysis

5348 (5348) currently trades at 0.8950 MYR, while our model-based Fair Value estimate is 0.6200 MYR, implying the stock looks roughly 30.7% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials 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, 5348 generated revenue of 322M MYR at a net margin of 24.3%. Revenue grew 15.3% year over year. It earns a return on equity of 13.2%. Net debt stands at 224M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.5500 MYR (bear case) to 0.8800 MYR (bull case); at 0.8950 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 25% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -31%, 5348 screens richer 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
Residual Income 0.5500 MYR 0.6200 MYR 0.8500 MYR 76
Rev-Margin DCF 0.0200 MYR 0.1700 MYR 0.3500 MYR 74
ROIC Compounder 0.3400 MYR 0.4100 MYR 0.4700 MYR 72
All 21 models by family
DCF Models
5Y Revenue Exit 0.0200 MYR 0.1700 MYR 0.3900 MYR 39
5Y EBITDA Exit 0.5400 MYR 1.07 MYR 1.77 MYR 41
5Y P/E Exit 0.4000 MYR 0.8200 MYR 1.32 MYR 38
10Y Revenue Exit 0.0400 MYR 0.1400 MYR 36
10Y EBITDA Exit 0.2400 MYR 0.5500 MYR 0.8800 MYR 37
10Y P/E Exit 0.1600 MYR 0.4100 MYR 0.6500 MYR 35
Earnings-Based
Graham-Dodd 0.5200 MYR 0.6300 MYR 0.7100 MYR 54
EPV 0.3400 MYR 0.4100 MYR 0.4700 MYR 59
Dividend Discount
Gordon GGM 0.5300 MYR 0.5700 MYR 0.6300 MYR 70
DDM Multi-Stage 0.5300 MYR 0.6300 MYR 0.7600 MYR 61
Multiples
P/E Multiple 1.20 MYR 1.60 MYR 2.00 MYR 63
P/S Multiple 0.4600 MYR 0.6200 MYR 0.7700 MYR 58
P/B Multiple 0.9700 MYR 1.29 MYR 1.62 MYR 55
EV/EBIT 0.8900 MYR 1.25 MYR 1.62 MYR 53
EV/EBITDA 1.29 MYR 1.79 MYR 2.29 MYR 54
EV/Revenue 0.1800 MYR 0.3500 MYR 0.5200 MYR 43
Asset-Based
NCAV (Graham) 0.3100 MYR 0.4200 MYR 0.6200 MYR 50
Growth DCF
Rev-Margin DCF 0.0200 MYR 0.1700 MYR 0.3500 MYR 74
Economic Profit
Residual Income 0.5500 MYR 0.6200 MYR 0.8500 MYR 76
ROIC Compounder 0.3400 MYR 0.4100 MYR 0.4700 MYR 72
Growth Earnings
Growth-Adj P/E 0.8500 MYR 1.21 MYR 1.57 MYR 68

Widest divergence: Multiples (1.25 MYR) versus Growth DCF (0.1700 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 322M MYR
Revenue growth (YoY) +15.3%
Net margin 24.3%
Return on equity 13.2%
Free cash flow 8.2M MYR FY2025
P/E ratio 2.3
More key figures
Operating margin 31.6%
EPS (TTM) 0.3800 MYR
Dividend yield 1.7%
EPS growth (YoY) -1.5%
Net debt 224M MYR FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 41

Profitability 46
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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

Orkim Berhad, an investment holding company, charters oil, chemical, and gas tankers. The company provides marine transportation services for clean petroleum products (CPP), including gasoline, diesel, gas oil, jet fuel, naphtha, kerosene, and condensates, as well as liquefied petroleum gas (LPG) products, such as hydrocarbon gases.

Full company description

Orkim Berhad, an investment holding company, charters oil, chemical, and gas tankers. The company provides marine transportation services for clean petroleum products (CPP), including gasoline, diesel, gas oil, jet fuel, naphtha, kerosene, and condensates, as well as liquefied petroleum gas (LPG) products, such as hydrocarbon gases. It also provides shipbroking and ship management services. The company owns and operates a fleet of 18 vessels comprising 14 coastal CPP tankers, one medium range (MR) CPP tanker, one MR chemical/petroleum tanker, and two pressurized LPG tankers. It serves petroleum product distribution and trading companies, refinery operators, and marine transportation companies. Orkim Berhad was incorporated in 2007 and is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

5348 reported revenue of 310M MYR in FY2025 versus 316M MYR in FY2022, a compound −0.6%/yr. Reported net income was 76.2M MYR in FY2025, compounding +39.7%/yr from FY2022.

Growth Quality 33/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
310M MYR
Latest YoY
−2.1%
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.
−0.6%
Revenue −0.6%/yr
FY22 316M MYR
FY23 303M MYR
FY24 317M MYR
FY25 310M MYR
Net income +39.7%/yr
FY22 27.9M MYR
FY23 81.0M MYR
FY24 92.9M MYR
FY25 76.2M MYR

5348 screens 31% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "5348 Fair Value". https://www.fairvalue-calculator.com/stock/5348

Peer Group

Marine Shipping · 232 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 51 · Below median
Fair Value upside −31% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 24% · Above median
Operating margin (TTM) 32% · Top 25%
Revenue growth 15% · Above median
Dividend yield (TTM) 1.7% · Below median
Debt / equity 0.62× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 2.3× · Cheaper than 75% of peers
P/B 0.34× · Cheaper than 75% of peers
P/S (TTM) 0.65× · Cheaper than 75% of peers
P/FCF 25.6× · Pricier than 75% of peers
EV/EBITDA 3.1× · 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 30
FUTURE 77 · sector 18
PAST 53 · sector 27
HEALTH 69 · sector 88
DIVIDEND 35 · sector 45

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.

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 Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%
Yang Ming Marine Transport Corporation 2609 50.10 TWD 96.14 TWD +92%

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Frequently asked questions

Is 5348 overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.6200 MYR versus a price of 0.8950 MYR, about −31% (overvalued).
What is the fair value of 5348?
Our model-based fair value for 5348 is 0.6200 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.8950 MYR.
What is the quality score of 5348?
5348 has a Quality Score of 51/100. 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 5348?
5348 reported trailing-twelve-month revenue of about 322M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5348?
The net profit margin of 5348 is about 24.3%, meaning it keeps roughly 24.3% of revenue as net income. Based on the latest reported figures.
Does 5348 pay a dividend?
5348 currently shows a dividend yield of about 1.69% relative to its recent price (as of Jul 16, 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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