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Telekom Malaysia Berhad (MYTEF) Fair Value & Analysis

Communication Services · US · Market cap $7.0B

TM Telekom Malaysia Berhad logo Telekom Malaysia Berhad MYTEF · US
Price$2.00
Fair Value$1.85
Upside-7.5%
Quality66/100
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Weak Growth
Solidly profitable · 13.7% net margin
Low debt · generates free cash flow
14.84% dividend yield
Ranks above peers (13/15)
Moderate moat 57/100
Evidence: High Range $1.39 – $2.31 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from $1.97 to $1.85 (−6.1%) since Jun 24, 2026. Share price +12.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from $1.39 (bear) to $2.31 (bull), base $1.85. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$2.00 $0.0006 Fair Value $1.85 Dec 2015 Jul 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 18, 2026.

How to read this chart

60‑month range $0.0006 – $2.00 · fair‑value band $1.39 – $2.31 · the $2.00 price screens above the $1.85 fair value. As of Jul 18, 2026.

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Analysis

Telekom Malaysia Berhad (MYTEF) currently trades at $2.00, while our model-based Fair Value estimate is $1.85, implying the stock looks roughly 7.5% fairly valued today. The Quality Score stands at 66/100 (solid quality), in the Communication Services 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, Telekom Malaysia Berhad generated revenue of $12.0B at a net margin of 13.7%. Revenue grew 2.9% year over year. It earns a return on equity of 16.2%. Net debt stands at $1.1B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $1.39 (bear case) to $2.31 (bull case); at $2.00, the current price sits within 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 near its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -8%, MYTEF 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 $5.07 $6.60 $9.25 80
Residual Income $2.82 $3.50 $7.12 76
Rev-Margin DCF $4.69 $6.77 $9.35 74
All 24 models by family
DCF Models
FCF DCF $4.89 $6.47 $9.44 38
Owner Earnings $5.55 $7.36 $10.77 31
5Y Revenue Exit $4.69 $6.66 $9.56 39
5Y EBITDA Exit $7.15 $10.85 $15.85 41
5Y P/E Exit $5.92 $8.75 $12.20 38
10Y Revenue Exit $4.62 $6.18 $7.91 36
10Y EBITDA Exit $6.20 $8.80 $11.70 37
10Y P/E Exit $5.47 $7.49 $9.50 35
Earnings-Based
Graham-Dodd $3.03 $4.34 $5.09 54
EPV $4.01 $4.59 $5.10 59
Dividend Discount
Gordon GGM $2.72 $3.03 $3.45 70
DDM Multi-Stage $2.72 $3.46 $4.41 61
Multiples
P/E Multiple $7.35 $9.80 $12.25 63
P/S Multiple $5.68 $7.57 $9.46 58
P/B Multiple $5.68 $7.57 $9.46 55
EV/EBIT $6.42 $8.47 $10.52 53
EV/EBITDA $9.98 $13.22 $16.46 54
EV/Revenue $4.94 $6.93 $8.93 43
Asset-Based
NCAV (Graham) $1.38 $1.84 $2.75 50
Growth DCF
Growth DCF $5.07 $6.60 $9.25 80
Rev-Margin DCF $4.69 $6.77 $9.35 74
Economic Profit
Residual Income $2.82 $3.50 $7.12 76
ROIC Compounder $4.03 $4.75 $5.50 72
Growth Earnings
Growth-Adj P/E $5.18 $7.40 $9.62 68

Widest divergence: Multiples ($7.57) versus Asset-Based ($1.84). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $12.0B
Revenue growth (YoY) +2.9%
Net margin 13.7%
Return on equity 16.2%
Free cash flow $1.9B FY2025
P/E ratio 12.1
More key figures
Operating margin 14.8%
EPS (TTM) $0.1500
Dividend yield 14.8%
EPS growth (YoY) -19.9%
Net debt $1.1B FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 72

Profitability 64
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 81
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

Telekom Malaysia Berhad engages in the establishment, maintenance, and provision of telecommunications and related services in Malaysia and internationally. The company offers integrated broadband, mobile and data services, and digital content services.

Full company description

Telekom Malaysia Berhad engages in the establishment, maintenance, and provision of telecommunications and related services in Malaysia and internationally. The company offers integrated broadband, mobile and data services, and digital content services. It also provides network connectivity and bandwidth; project management; provision of fiber optic transmission network; managed network, and value-added telecommunication and information technology; and information and communications technology (ICT) and cloud consumption services. In addition, the company engages in the provision of research and development activities in the areas of communications, hi-tech applications, and products and services in related business; digital video and film production and post production; and property development activities. Further, it provides network infrastructure facilities and services; last mile services for fixed and wireless consisting of broadband, messaging, and voice; provision of digital solution; managing and administering a multimedia university; and network system integration and centric; and fleet management services, as well as training and related services. Additionally, the company engages in international telecommunications; and provision of ICT system security and smart building services, including smart tenant services for building owners, operators, residents, and visitors; and provision of infrastructure for hosting, data processing services and related activities. The company was founded in 1946 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Telekom Malaysia Berhad reported revenue of $11.8B in FY2025 versus $11.5B in FY2021, a compound +0.7%/yr. Reported net income was $1.7B in FY2025, compounding +17.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$11.8B
Latest YoY
+1.1%
Avg. growth/yr (3Y)
−0.8%
Avg. growth/yr (5Y)
+1.8%
Avg. growth/yr (20Y)
−0.8%
Revenue +0.7%/yr
FY21 $11.5B
FY22 $12.1B
FY23 $12.3B
FY24 $11.7B
FY25 $11.8B
Net income +17.5%/yr
FY21 $895M
FY22 $1.1B
FY23 $1.9B
FY24 $2.0B
FY25 $1.7B

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Cite: Fair Value Calculator (2026). "Telekom Malaysia Berhad Fair Value". https://www.fairvalue-calculator.com/stock/MYTEF

Peer Group

Telecom Services · 252 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 66 · Top 25%
Fair Value upside −8% · Below median
Return on equity (TTM) 16% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 15% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 14.8% · Top 25%
Debt / equity 0.15× · Lower than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 12.1× · Cheaper than median
P/B 0.66× · Cheaper than 75% of peers
P/S (TTM) 0.58× · Cheaper than median
P/FCF 3.7× · Pricier than median
EV/EBITDA 1.6× · Cheaper than 75% of peers
PEG 0.68× · 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 23 · sector 30
FUTURE 15 · sector 15
PAST 65 · sector 28
HEALTH 93 · sector 89
DIVIDEND 100 · sector 72

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 Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Telekom Malaysia Berhad (MYTEF) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $1.85 versus a price of $2.00, about −8% (fairly valued).
What is the fair value of MYTEF?
Our model-based fair value for Telekom Malaysia Berhad is $1.85 (as of Jul 18, 2026), built from audited fundamentals. The current price is $2.00.
What is the quality score of MYTEF?
Telekom Malaysia Berhad has a Quality Score of 66/100. 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 Telekom Malaysia Berhad (MYTEF)?
Telekom Malaysia Berhad reported trailing-twelve-month revenue of about $12.0B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MYTEF?
The net profit margin of Telekom Malaysia Berhad is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. Based on the latest reported figures.
Does Telekom Malaysia Berhad pay a dividend?
Telekom Malaysia Berhad currently shows a dividend yield of about 14.84% 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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