LPI Capital Bhd (8621) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of LPI Capital Bhd MYR 10.32, price MYR 13.00, upside -20.6%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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LPI Capital Bhd, an investment holding company, engages in the underwriting of general insurance products for personal and business needs in Malaysia, Singapore, Cambodia, and internationally.
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LPI Capital Bhd, an investment holding company, engages in the underwriting of general insurance products for personal and business needs in Malaysia, Singapore, Cambodia, and internationally. The company offers health, liability, motor, marine, pecuniary, personal accident, project, property, trade credit insurances, as well as employee benefits insurance solutions. It also provides fire, aviation, transit, and miscellaneous insurance products and services. It serves products and services through agency network, financial institutions, broking, branch network, and partnership. The company was formerly known as London & Pacific Insurance Company Berhad and changed its name to LPI Capital Bhd in May 1999. LPI Capital Bhd was incorporated in 1962 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
LPI Capital Bhd (8621) currently trades at 13.00 MYR, while our model-based Fair Value estimate is 10.32 MYR, implying the stock looks roughly 26.0% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 10.23 MYR per share, and 0 of the 6 models we run sit above the 13.00 MYR price.
Bear case: the Asset-Based group reads lowest at 4.13 MYR, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: 6.19 MYR (bear) to 12.90 MYR (bull), the price of 13.00 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 78/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
LPI Capital Bhd reported revenue of 2.1B MYR in FY2025 versus 1.2B MYR in FY2021, a compound +15.6%/yr. Reported net income was 368M MYR in FY2025, compounding +1.6%/yr from FY2021.
Key figures
Market cap 6.0B MYR (≈ $1.5B) · P/E ratio 14.0 · P/S ratio 2.42 · EPS (TTM) 0.9300 MYR · Dividend yield 6.2% · Net margin 17.3% · Return on equity 15.8% · Return on assets (EBIT) 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at −21%, 8621 screens richer than that median.
Fair Value models
Bear 6.19 MYRFair Value 10.32 MYRBull 12.90 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0951 MYR per share) are deliberately not added.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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+34.1%
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.
+20.1%
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.
+11.6%
Start year 2020 (pandemic). Over 10 years: +8.2% a year
Revenue growth 13 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.
+8.7%
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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.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.8%
Dividend (yield on the price)6.2%
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.2% vs −2%, picking up
Profit margin 2020 to 2025 ⓘ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.35% → 22%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −4.1% a year for the price and +2.0% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Insurance - Property & Casualty · 119 stocks
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Cite: Fair Value Calculator (2026). "LPI Capital Bhd Fair Value". https://www.fairvalue-calculator.com/stock/8621
Frequently asked questions
Is LPI Capital Bhd (8621) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 10.32 MYR versus a price of 13.00 MYR, about −21% upside (overvalued).
What is the fair value of 8621?
Our model-based fair value for LPI Capital Bhd is 10.32 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 13.00 MYR.
What is the quality score of 8621?
LPI Capital Bhd has a Quality Score of 78/100. 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 LPI Capital Bhd (8621)?
Our model-based price target is the fair value of 10.32 MYR (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 6.19 MYR, optimistic scenario 12.90 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the LPI Capital Bhd stock forecast for 2026?
Our models put fair value at 10.32 MYR, about −21% upside versus a price of 13.00 MYR (overvalued). Cautious scenario 6.19 MYR, optimistic scenario 12.90 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of LPI Capital Bhd (8621)?
LPI Capital Bhd reported trailing-twelve-month revenue of about 2.1B MYR (latest available figure, as of Sep 24, 2026).
Does LPI Capital Bhd pay a dividend?
LPI Capital Bhd currently shows a dividend yield of about 6.15% relative to its recent price (as of Sep 24, 2026).
What growth is priced into LPI Capital Bhd (8621)?
For today's price to be fair in a discounted-cash-flow model, LPI Capital Bhd would have to grow free cash flow by -2.2 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 8621 use?
Our models discount LPI Capital Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.20, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For LPI Capital Bhd that is -2.2 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has LPI Capital Bhd (8621) delivered so far?
Over the past 5 years revenue at LPI Capital Bhd grew +11.6 % a year. The price currently implies -2.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of LPI Capital Bhd (8621) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into LPI Capital Bhd (-2.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LPI Capital Bhd (8621)?
The free-cash-flow yield on the price is 8.00 %: that much free cash flow LPI Capital Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LPI Capital Bhd (8621)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LPI Capital Bhd it is 10.32 MYR per share (as of Sep 24, 2026), against a price of 13.00 MYR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is LPI Capital Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8621 trades above its calculated fair value: price 13.00 MYR, fair value 10.32 MYR, a gap of about −21% (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 8621?
No. The price is what the market pays today (13.00 MYR); the fair value is what the company's own numbers justify (10.32 MYR). For LPI Capital Bhd the two are 2.68 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is LPI Capital Bhd worth?
The market values LPI Capital Bhd at about 6.0B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 13.00 MYR; our models calculate a fair value of 10.32 MYR per share.
What do the bullish and bearish scenarios say about 8621?
Our models span a range for LPI Capital Bhd: cautious scenario 6.19 MYR, base 10.32 MYR, optimistic 12.90 MYR per share (as of Sep 24, 2026, price 13.00 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8621?
LPI Capital Bhd trades at a price-to-earnings ratio of 14.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.32 MYR is built from several models across several years. Other multiples: PEG 3.7, P/B 0.6, P/S 0.7, EV/EBITDA 2.6.
What is the PEG ratio of 8621?
The PEG ratio of LPI Capital Bhd is 3.70 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of LPI Capital Bhd (8621)?
Balance-sheet figures for LPI Capital Bhd (as of Sep 24, 2026): return on equity 15.8%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 8621 from its 52-week high?
LPI Capital Bhd trades at 13.00 MYR, about 15% below its 52-week high of 15.38 MYR and at the low of 13.00 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 10.32 MYR is for.
Which stocks are comparable to LPI Capital Bhd?
From the same area (Financial Services) we also value The Progressive Corporation, Chubb Limited, The Travelers Companies, Inc, The Allstate Corporation, 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 LPI Capital Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 13.00 MYR, calculated fair value 10.32 MYR (−21%), Quality Score 78/100, from 6 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 8621 calculated?
We run LPI Capital Bhd through 6 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 10.32 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 14.1 % above its aggregate fair value. LPI Capital Bhd 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 LPI Capital Bhd (8621)?
The closing price on Sep 23, 2026 was 13.00 MYR. Our model-based fair value is 10.32 MYR, about −21% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LPI Capital Bhd right now?
A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. A fairly wide model range (6.19 MYR to 12.90 MYR) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of LPI Capital Bhd
How large is the market capitalisation of LPI Capital Bhd (8621)?
The market capitalisation of LPI Capital Bhd is 6.0B MYR (≈ $1.5B). 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 LPI Capital Bhd (8621)?
The price-to-sales ratio of LPI Capital Bhd is 2.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LPI Capital Bhd (8621)?
Earnings per share at LPI Capital Bhd are 0.9300 MYR (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LPI Capital Bhd (8621)?
The dividend yield of LPI Capital Bhd is 6.2% (payout 86.0%). 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 LPI Capital Bhd (8621)?
The net margin of LPI Capital Bhd is 17.3% (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 LPI Capital Bhd (8621)?
The return on equity (ROE) of LPI Capital Bhd is 15.8% (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 LPI Capital Bhd (8621)?
On an EBIT basis the return on assets of LPI Capital Bhd is 8.8% (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 LPI Capital Bhd (8621)?
The operating margin of LPI Capital Bhd is 32.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LPI Capital Bhd (8621)?
Revenue at LPI Capital Bhd is growing +3.0% versus a year earlier (3y avg +20.1%). 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 LPI Capital Bhd (8621)?
Earnings per share at LPI Capital Bhd are growing +1.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does LPI Capital Bhd (8621) hold?
LPI Capital Bhd holds more cash than debt, 255M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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