LB Aluminium Bhd (9326) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of LB Aluminium Bhd MYR 2.17, price MYR 0.45, upside +382.2%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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LB Aluminium Berhad manufactures and trades in aluminum extrusion and other products worldwide.
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LB Aluminium Berhad manufactures and trades in aluminum extrusion and other products worldwide. It provides aluminum extrusions that are used in windows and door frames, curtain wall, louvres, shopfronts, grilles, skylites, roller shutters, handrails, and other architectural systems; heat sinks, heat exchangers and busbars, television aerial, telecommunication parts, lighting parts, electrical tubes and piping, and others; furniture and interior decoration products; aluminum formwork components and related products; and car accessories, seating components, structural and automotive parts, and interior components. The company also offers aluminum equipment, handrail and ladder for cruise ships, yachts, leisure boats and related products; module frames, components, and other relevant products; aluminum conveyor system, profiles, material handling systems, engineering parts, and components for machineries; and flat bar, round bar, square bar, round tube, square hollow, rectangular hollow, equal angle, U-channel, hexagon bar, and other products. In addition, it offers aluminum sheets/coils, such as coiled sheets, tread plates, and flat sheets; albe tee ceiling suspension systems to commercial buildings, shopping centers, hotels, and residential and other buildings; hardware, accessories, and fittings for aluminum windows and doors, frameless glass doors, shower hinges, louvre windows, and weather strips and sealants; and signage profiles, ladders, showcase, spandrels, carpet edges, plaster ceiling holders, whiteboard holder, signboard frame, insect screen, and other products, as well as die shop, extrusion presses, anodizing, engineering, and test rigs; powder coating and fluorocarbon/polyvinylidene fluoride; performance tests for windows, doors, and facades; and metal stamping and other engineering works. Additionally, it engages in the property holding and property development business. The company was incorporated in 1985 and is headquartered in Beranang, Malaysia.
Stock analysis
LB Aluminium Bhd (9326) currently trades at 0.4500 MYR, while our model-based Fair Value estimate is 2.17 MYR, implying the stock looks roughly 79.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 4.03 MYR per share, and 24 of the 24 models we run sit above the 0.4500 MYR price.
Bear case: the Asset-Based group reads lowest at 0.7400 MYR, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.63 MYR (bear) to 2.71 MYR (bull), the price of 0.4500 MYR sits below 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 64/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
LB Aluminium Bhd reported revenue of 1.0B MYR in FY2026 versus 687M MYR in FY2022, a compound +10.9%/yr. Reported net income was 55.5M MYR in FY2026, compounding +7.4%/yr from FY2022.
Key figures
Market cap 196M MYR (≈ $47.9M) · P/E ratio 3.5 · P/S ratio 0.19 · EPS (TTM) 0.1300 MYR · Dividend yield 5.6% · Net margin 5.3% · Return on equity 20.0% · Return on assets (EBIT) 8.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 36% fair-value upside, at 382%, 9326 screens cheaper than that median.
Fair Value models
Bear 1.63 MYRFair Value 2.17 MYRBull 2.71 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 2026 figures (about 5 months old). Earnings retained since then (0.0449 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.5%
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.
+10.1%
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.
+14.5%
Start year 2021 (pandemic). Over 10 years: +8.8% a year
Revenue growth 14 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.
+7.7%
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What shareholders gained per year (last 5 years), in MYR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.0%
Dividend (yield on the price)5.6%
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.6.1% vs 11.9%, slowing
Profit margin 2021 to 2026 ⓘ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.8% → 14%
2026 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−21.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −23.0% a year for the price.
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.Aluminum · 78 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)20.0% · Top 25%
Return on assets8.8% · Top 25%
Net margin (TTM)5.4% · Above median
Operating margin (TTM)8.7% · Above median
Growth and dividend
Revenue growth−9.8% · Bottom 25%
Dividend yield (TTM)5.6% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Aluminum median · lower = cheaper
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Cite: Fair Value Calculator (2026). "LB Aluminium Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9326
Frequently asked questions
Is LB Aluminium Bhd (9326) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.17 MYR versus a price of 0.4500 MYR, about +382% upside (undervalued).
What is the fair value of 9326?
Our model-based fair value for LB Aluminium Bhd is 2.17 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.4500 MYR.
What is the quality score of 9326?
LB Aluminium Bhd has a Quality Score of 64/100. 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 LB Aluminium Bhd (9326)?
Our model-based price target is the fair value of 2.17 MYR (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 1.63 MYR, optimistic scenario 2.71 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the LB Aluminium Bhd stock forecast for 2026?
Our models put fair value at 2.17 MYR, about +382% upside versus a price of 0.4500 MYR (undervalued). Cautious scenario 1.63 MYR, optimistic scenario 2.71 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of LB Aluminium Bhd (9326)?
LB Aluminium Bhd reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Sep 24, 2026).
Does LB Aluminium Bhd pay a dividend?
LB Aluminium Bhd currently shows a dividend yield of about 5.56% relative to its recent price (as of Sep 24, 2026).
What growth is priced into LB Aluminium Bhd (9326)?
For today's price to be fair in a discounted-cash-flow model, LB Aluminium Bhd would have to grow free cash flow by -21.5 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 9326 use?
Our models discount LB Aluminium Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.10, 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 LB Aluminium Bhd that is -21.5 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has LB Aluminium Bhd (9326) delivered so far?
Over the past 5 years revenue at LB Aluminium Bhd grew +14.5 % a year. The price currently implies -21.5 % 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 LB Aluminium Bhd (9326) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into LB Aluminium Bhd (-21.5 % 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 LB Aluminium Bhd (9326)?
The free-cash-flow yield on the price is 41.36 %: that much free cash flow LB Aluminium Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LB Aluminium Bhd (9326)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LB Aluminium Bhd it is 2.17 MYR per share (as of Sep 24, 2026), against a price of 0.4500 MYR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is LB Aluminium Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 9326 trades below its calculated fair value: price 0.4500 MYR, fair value 2.17 MYR, a gap of about +382% (undervalued). 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 9326?
No. The price is what the market pays today (0.4500 MYR); the fair value is what the company's own numbers justify (2.17 MYR). For LB Aluminium Bhd the two are 1.72 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is LB Aluminium Bhd worth?
The market values LB Aluminium Bhd at about 196M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.4500 MYR; our models calculate a fair value of 2.17 MYR per share.
What do the bullish and bearish scenarios say about 9326?
Our models span a range for LB Aluminium Bhd: cautious scenario 1.63 MYR, base 2.17 MYR, optimistic 2.71 MYR per share (as of Sep 24, 2026, price 0.4500 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9326?
LB Aluminium Bhd trades at a price-to-earnings ratio of 3.5 (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 2.17 MYR is built from several models across several years. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 1.1.
How solid is the balance sheet of LB Aluminium Bhd (9326)?
Balance-sheet figures for LB Aluminium Bhd (as of Sep 24, 2026): return on equity 20.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 9326 from its 52-week high?
LB Aluminium Bhd trades at 0.4500 MYR, about 16% below its 52-week high of 0.5350 MYR and 2% above the low of 0.4400 MYR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2.17 MYR is for.
Which stocks are comparable to LB Aluminium Bhd?
From the same area (Basic Materials) we also value Shandong Hongqiao Aluminum Industry Holding, China Hongqiao Group, Aluminum Corporation, Hindalco Industries Limited, 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 LB Aluminium Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.4500 MYR, calculated fair value 2.17 MYR (+382%), Quality Score 64/100, from 24 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 9326 calculated?
We run LB Aluminium Bhd through 24 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 2.17 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 14.5 % above its aggregate fair value. LB Aluminium Bhd currently trades 79 % below its own fair value, and the market average says nothing about that. 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 LB Aluminium Bhd (9326)?
The closing price on Oct 2, 2026 was 0.4500 MYR. Our model-based fair value is 2.17 MYR, about +382% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LB Aluminium Bhd right now?
The price is below even our cautious bear case (1.63 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of LB Aluminium Bhd
How large is the market capitalisation of LB Aluminium Bhd (9326)?
The market capitalisation of LB Aluminium Bhd is 196M MYR (≈ $47.9M). 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 LB Aluminium Bhd (9326)?
The price-to-sales ratio of LB Aluminium Bhd is 0.19 (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 LB Aluminium Bhd (9326)?
Earnings per share at LB Aluminium Bhd are 0.1300 MYR (price ÷ EPS = P/E 3.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LB Aluminium Bhd (9326)?
The dividend yield of LB Aluminium Bhd is 5.6% (payout 19.2%). 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 LB Aluminium Bhd (9326)?
The net margin of LB Aluminium Bhd is 5.3% (fiscal year 2026). 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 LB Aluminium Bhd (9326)?
The return on equity (ROE) of LB Aluminium Bhd is 20.0% (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 LB Aluminium Bhd (9326)?
On an EBIT basis the return on assets of LB Aluminium Bhd is 8.7% (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 LB Aluminium Bhd (9326)?
The operating margin of LB Aluminium Bhd is 8.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LB Aluminium Bhd (9326)?
Revenue at LB Aluminium Bhd is growing −9.8% versus a year earlier (3y avg +10.1%). 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 LB Aluminium Bhd (9326)?
Earnings per share at LB Aluminium Bhd are growing −73.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does LB Aluminium Bhd (9326) carry?
The net debt of LB Aluminium Bhd is 152M MYR (fiscal year 2026, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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