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Dialog Group (7277) Fair Value & Analysis

Energy · MY · Market cap 11.5B MYR

DG Dialog Group 7277 · KLSE
Price1.91 MYR
Fair Value0.9580 MYR
Upside-49.8%
Quality59/100
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Weak Growth
Highly profitable · 21.1% net margin
Low debt · generates free cash flow
1.73% dividend yield
Ranks above peers (11/15)
Moderate moat 57/100
Evidence: High Range 0.6214 MYR – 1.18 MYR Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 18, 2026, revised from 0.7400 MYR to 0.9580 MYR (+29.5%) since Jul 12, 2026.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.18 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.6214 MYR to 1.18 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2.90 MYR 1.11 MYR Fair Value 0.9580 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 1.11 MYR – 2.90 MYR · fair‑value band 0.6214 MYR – 1.18 MYR · the 1.91 MYR price screens above the 0.9580 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Dialog Group (7277) currently trades at 1.91 MYR, while our model-based Fair Value estimate is 0.9580 MYR, implying the stock looks roughly 49.8% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Energy 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, Dialog Group generated revenue of 2.7B MYR at a net margin of 21.1%. Revenue grew 20.4% year over year. It earns a return on equity of 9.6%. The balance sheet holds a net cash position of 58.9M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.6214 MYR (bear case) to 1.18 MYR (bull case); at 1.91 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 19% below its 52-week high and 29% 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 -50%, 7277 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 BearBaseBull Evidence
Highest evidence
Growth DCF 1.47 MYR 2.08 MYR 2.94 MYR 80
Residual Income 0.8500 MYR 0.8700 MYR 0.8400 MYR 76
Rev-Margin DCF 0.7300 MYR 0.9100 MYR 1.13 MYR 74
All 26 models by family
DCF Models
FCF DCF 1.44 MYR 2.12 MYR 3.13 MYR 38
Owner Earnings 0.6800 MYR 0.9700 MYR 1.39 MYR 31
5Y Revenue Exit 0.7300 MYR 0.8900 MYR 1.07 MYR 39
5Y EBITDA Exit 0.8100 MYR 1.04 MYR 1.29 MYR 41
5Y P/E Exit 0.9300 MYR 1.25 MYR 1.57 MYR 38
10Y Revenue Exit 0.9700 MYR 1.17 MYR 1.41 MYR 36
10Y EBITDA Exit 1.03 MYR 1.28 MYR 1.57 MYR 37
10Y P/E Exit 1.10 MYR 1.42 MYR 1.79 MYR 35
Earnings-Based
Graham-Dodd 0.3700 MYR 1.06 MYR 1.39 MYR 54
Lynch FV 0.2200 MYR 0.3100 MYR 0.4000 MYR 50
PEG = 1.0 0.2200 MYR 0.3100 MYR 0.4000 MYR 46
EPV 0.2500 MYR 0.2700 MYR 0.2900 MYR 59
Dividend Discount
Gordon GGM 0.3800 MYR 0.7800 MYR 1.24 MYR 70
DDM Multi-Stage 0.3800 MYR 0.6000 MYR 0.8200 MYR 61
Multiples
P/E Multiple 0.5700 MYR 0.7500 MYR 0.9400 MYR 63
P/S Multiple 0.4000 MYR 0.5300 MYR 0.6700 MYR 58
P/B Multiple 0.6900 MYR 0.9200 MYR 1.14 MYR 55
EV/EBIT 0.3200 MYR 0.3800 MYR 0.4300 MYR 53
EV/EBITDA 0.5100 MYR 0.6300 MYR 0.7600 MYR 54
EV/Revenue 0.3600 MYR 0.4500 MYR 0.5400 MYR 43
Asset-Based
NCAV (Graham) 0.5500 MYR 0.7400 MYR 1.11 MYR 50
Growth DCF
Growth DCF 1.47 MYR 2.08 MYR 2.94 MYR 80
Rev-Margin DCF 0.7300 MYR 0.9100 MYR 1.13 MYR 74
Economic Profit
Residual Income 0.8500 MYR 0.8700 MYR 0.8400 MYR 76
ROIC Compounder 0.2500 MYR 0.2700 MYR 0.2900 MYR 72
Growth Earnings
Growth-Adj P/E 0.4800 MYR 0.6800 MYR 0.8900 MYR 68

Widest divergence: DCF Models (1.17 MYR) versus Economic Profit (0.2700 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7B MYR
Revenue growth (YoY) +20.4%
Net margin 21.1%
Return on equity 9.6%
Free cash flow 658M MYR FY2025
P/E ratio 20.4
More key figures
Operating margin 16.9%
EPS (TTM) 0.1000 MYR
Dividend yield 1.7%
EPS growth (YoY) +10.0%
Net cash 58.9M MYR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 56

Profitability 27
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 46
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

Dialog Group Berhad, an investment holding company, provides technical services to the energy sector in Malaysia, Thailand, rest of Asia, Australia, New Zealand, the Middle East, and internationally.

Full company description

Dialog Group Berhad, an investment holding company, provides technical services to the energy sector in Malaysia, Thailand, rest of Asia, Australia, New Zealand, the Middle East, and internationally. The company offers engineering, procurement, construction, and commissioning; specialist technical; tankage piping construction; plant turnaround and specialist maintenance works; plant maintenance; general civil and mechanical engineering works; specialized electrical and instrumentation and calibration; management, consultancy, and administration; project management and upstream support; catalyst and process material handling; heavy fabrication and multi-disciplined engineering; power pylon painting; plate profile cutting; and offshore services. It also rents pipelines and equipment; and trades in and markets specialty chemicals, catalysts and absorbents, petroleum additives, drilling base oil, and specialty equipment. In addition, the company is involved in marine operation; provision of maintenance and other related marine, terminal storage, tank terminal storage, and common tankage facilities, payment system, IT system, and IT services; and fabricates steel structures, process skids, pressure vessels, pipe spools, platforms, and ladders for process plants, as well as fabricates and installs tanks and pipelines. Further, it engages in engineering, manufacturing, and installation of composite pipe system; development, appraisal, production, and contracting of petroleum and petrochemical related works; construction of plant; development of industrial estate and properties; and letting out and management of properties. Dialog Group Berhad was founded in 1984 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dialog Group reported revenue of 2.5B MYR in FY2025 versus 1.6B MYR in FY2021, a compound +11.6%/yr. Reported net income was 304M MYR in FY2025, compounding −13.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.5B MYR
Latest YoY
−20.6%
Avg. growth/yr (3Y)
+2.6%
Avg. growth/yr (5Y)
+1.7%
Avg. growth/yr (20Y)
+12.1%
Revenue +11.6%/yr
FY21 1.6B MYR
FY22 2.3B MYR
FY23 3.0B MYR
FY24 3.2B MYR
FY25 2.5B MYR
Net income −13.5%/yr
FY21 543M MYR
FY22 508M MYR
FY23 511M MYR
FY24 575M MYR
FY25 304M MYR

7277 screens 50% overvalued. Compare with SLB N.V →

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Cite: Fair Value Calculator (2026). "Dialog Group Fair Value". https://www.fairvalue-calculator.com/stock/7277

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 59 · Above median
Fair Value upside −50% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 20% · Top 25%
Dividend yield (TTM) 1.7% · Above median
Debt / equity 0.14× · Lower than median

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

P/E (TTM) 20.3× · Pricier than median
P/B 0.45× · Cheaper than 75% of peers
P/S (TTM) 1.03× · Pricier than median
P/FCF 4.3× · Cheaper than median
EV/EBITDA 2.6× · Cheaper than 75% of peers
PEG 1.79× · 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 0 · sector 0
FUTURE 100 · sector 0
PAST 38 · sector 28
HEALTH 93 · sector 92
DIVIDEND 35 · sector 31

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.

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 18, 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 Dialog Group (7277) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.9580 MYR versus a price of 1.91 MYR, about −50% (overvalued).
What is the fair value of 7277?
Our model-based fair value for Dialog Group is 0.9580 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 1.91 MYR.
What is the quality score of 7277?
Dialog Group has a Quality Score of 59/100. 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 Dialog Group (7277)?
Dialog Group reported trailing-twelve-month revenue of about 2.7B MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 7277?
The net profit margin of Dialog Group is about 21.1%, meaning it keeps roughly 21.1% of revenue as net income. Based on the latest reported figures.
Does Dialog Group pay a dividend?
Dialog Group currently shows a dividend yield of about 1.71% relative to its recent price (as of Jul 18, 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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