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Perak Corporation (8346) Fair Value & Analysis

Industrials · MY · Market cap 50.0M MYR

PC Perak Corporation 8346 · KLSE
Price0.4550 MYR
Fair Value0.2200 MYR
Upside-51.7%
Quality39/100
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Expensive Growth
Thin margins · 4.1% net margin
Moderate debt · negative free cash flow
Ranks above peers (8/12)
Moderate moat 46/100
Evidence: Medium Range 0.1600 MYR – 0.2700 MYR Share as image

Fair value as of: Jul 15, 2026

From 12 valuation models · updated 26 days ago

Share price −6.2% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.2700 MYR). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

2.13 MYR 0.1000 MYR Fair Value 0.2200 MYR Jan 2017 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.1000 MYR – 2.13 MYR · fair‑value band 0.1600 MYR – 0.2700 MYR · the 0.4550 MYR price screens above the 0.2200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Perak Corporation (8346) currently trades at 0.4550 MYR, while our model-based Fair Value estimate is 0.2200 MYR, implying the stock looks roughly 51.7% overvalued today. The Quality Score stands at 39/100 (below-average 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: medium).

Over the trailing twelve months, Perak Corporation generated revenue of 189M MYR at a net margin of 4.1%. Revenue grew 63.9% year over year. It earns a return on equity of 7.9%. Net debt stands at 173M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.1600 MYR (bear case) to 0.2700 MYR (bull case); at 0.4550 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 53% below its 52-week high and 94% 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 -52%, 8346 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 0.6100 MYR 0.5400 MYR 0.3400 MYR 76
ROIC Compounder 0.4500 MYR 0.6500 MYR 0.8100 MYR 72
Growth-Adj P/E 0.1100 MYR 0.1600 MYR 0.2100 MYR 68
All 12 models by family
Earnings-Based
Graham-Dodd 0.0700 MYR 0.0900 MYR 0.1100 MYR 54
EPV 0.4500 MYR 0.6500 MYR 0.8100 MYR 59
Multiples
P/E Multiple 0.1600 MYR 0.2200 MYR 0.2700 MYR 63
P/S Multiple 0.1300 MYR 0.1800 MYR 0.2200 MYR 58
P/B Multiple 0.1300 MYR 0.1800 MYR 0.2200 MYR 55
EV/EBIT 3.30 MYR 4.79 MYR 6.29 MYR 53
EV/EBITDA 3.50 MYR 5.07 MYR 6.63 MYR 54
EV/Revenue 0.9000 MYR 1.80 MYR 2.69 MYR 43
Asset-Based
NCAV (Graham) 0.4900 MYR 0.6600 MYR 0.9900 MYR 50
Economic Profit
Residual Income 0.6100 MYR 0.5400 MYR 0.3400 MYR 76
ROIC Compounder 0.4500 MYR 0.6500 MYR 0.8100 MYR 72
Growth Earnings
Growth-Adj P/E 0.1100 MYR 0.1600 MYR 0.2100 MYR 68

Widest divergence: Asset-Based (0.6600 MYR) versus Earnings-Based (0.0900 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 189M MYR
Revenue growth (YoY) +63.9%
Net margin 4.1%
Return on equity 7.9%
Free cash flow −63.3M MYR FY2025
P/E ratio 6.3
More key figures
Operating margin 25.5%
EPS (TTM) 0.0800 MYR
EPS growth (YoY) +5,095%
Net debt 173M MYR FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 50

Profitability 17
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 63
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

Perak Corporation Berhad, together with its subsidiaries, engages in the ports and logistics business in Malaysia. It operates through four segments: Ports and Logistics, Property Development, Hospitality and Tourism, and Management Services and Others.

Full company description

Perak Corporation Berhad, together with its subsidiaries, engages in the ports and logistics business in Malaysia. It operates through four segments: Ports and Logistics, Property Development, Hospitality and Tourism, and Management Services and Others. The company offers integrated port services, such as tuggage, pilotage, berthing, stevedoring, cargo handling, storage, and ancillary services; and management services. It is also involved in township development of real property and ancillary services; hotelier, restaurateur, and theme park businesses; operation and management of rest house; ownership and operations of multi-purpose port facilities, operation and maintenance of a bulk terminal; and sale and rental of port related land and other ancillary activities. The company was incorporated in 1991 and is based in Ipoh, Malaysia. Perak Corporation Berhad operates as a subsidiary of Perbadanan Kemajuan Negeri Perak.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Perak Corporation reported revenue of 166M MYR in FY2025 versus 245M MYR in FY2021, a compound −9.3%/yr. Reported net income was 1.0M MYR in FY2025.

Growth Quality 30/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
166M MYR
Latest YoY
+7.6%
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.
+3.6%
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.
+4.8%
Avg. growth/yr (13Y) 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.
+0.4%
Revenue −9.3%/yr
FY21 245M MYR
FY22 149M MYR
FY23 161M MYR
FY24 154M MYR
FY25 166M MYR
Net income
FY21 −12.6M MYR
FY22 13.4M MYR
FY23 2.9M MYR
FY24 2.8M MYR
FY25 1.0M MYR

8346 screens 52% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Perak Corporation Fair Value". https://www.fairvalue-calculator.com/stock/8346

Peer Group

Marine Shipping · 231 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 39 · Bottom 25%
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 25% · Above median
Revenue growth 64% · Top 25%
Debt / equity 1.48× · Higher than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 6.3× · Cheaper than 75% of peers
P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
EV/EBITDA 2.5× · 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 29
FUTURE 100 · sector 18
PAST 32 · sector 27
HEALTH 26 · sector 88
DIVIDEND 0 · sector 47

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 15, 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%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
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%

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Frequently asked questions

Is Perak Corporation (8346) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 0.2200 MYR versus a price of 0.4550 MYR, about −52% (overvalued).
What is the fair value of 8346?
Our model-based fair value for Perak Corporation is 0.2200 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 0.4550 MYR.
What is the quality score of 8346?
Perak Corporation has a Quality Score of 39/100. 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 Perak Corporation (8346)?
Perak Corporation reported trailing-twelve-month revenue of about 189M MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 8346?
The net profit margin of Perak Corporation is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.

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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