M

Malayan Cement Bhd
KLSE:MCEMENT

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Malayan Cement Bhd
KLSE:MCEMENT
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Price: 7.2 MYR 1.41%
Market Cap: 10B MYR

EV/EBIT

8.9
Current
16%
Cheaper
vs 3-y average of 10.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.9
=
Enterprise Value
MYR10.1B
/
EBIT
1.3B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
8.9
=
Enterprise Value
MYR10.1B
/
EBIT
1.3B

Valuation Scenarios

Malayan Cement Bhd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (10.6), the stock would be worth MYR8.6 (19% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+42%
Average Upside
31%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 8.9 MYR7.2
0%
3-Year Average 10.6 MYR8.6
+19%
5-Year Average 11.1 MYR9.03
+25%
Industry Average 12.1 MYR9.8
+36%
Country Average 12.6 MYR10.22
+42%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
MYR10.1B
/
Jan 2026
1.3B
=
8.9
Current
MYR10.1B
/
Jun 2026
1.3B
=
7.6
Forward
MYR10.1B
/
Jun 2027
1.4B
=
7.3
Forward
MYR10.1B
/
Jun 2028
1.4B
=
7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
MY
Malayan Cement Bhd
KLSE:MCEMENT
9.9B MYR 8.9 12.7
IE
CRH PLC
NYSE:CRH
79.3B USD 17.3 21.1
CH
Holcim AG
SIX:HOLN
41B CHF 19 3
DE
HeidelbergCement AG
XETRA:HEI
33.8B EUR 12.3 17.4
US
Vulcan Materials Co
NYSE:VMC
38.5B USD 26.9 35.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.5T INR 32.1 48.2
US
Martin Marietta Materials Inc
NYSE:MLM
37.8B USD 29.2 33.3
US
Amrize AG
SIX:AMRZ
25.4B CHF 17.9 25.9
DE
Heidelberg Materials AG
XMUN:HEI
22.4B EUR 8.6 11.5
IN
Grasim Industries Ltd
NSE:GRASIM
1.8T INR 11.3 43.8
CN
China Jushi Co Ltd
SSE:600176
132.9B CNY 30 38.3

Market Distribution

In line with most companies in Malaysia
Percentile
32nd
Based on 402 companies
32nd percentile
8.9
Low
0.1 — 8.2
Typical Range
8.2 — 20
High
20 —
Distribution Statistics
Malaysia
Min 0.1
30th Percentile 8.2
Median 12.6
70th Percentile 20
Max 116 799.5

Malayan Cement Bhd
Glance View

Market Cap
10B MYR
Industry
Construction

Malayan Cement Bhd, a stalwart in Malaysia's construction landscape, traces its roots back to the post-war era when the nation embarked on an ambitious journey of rebuilding and modernization. Originally established as a cornerstone for infrastructure development, the company has evolved over the decades to become a leading supplier of cement, clinker, ready-mixed concrete, and aggregates in the region. Aligned with the relentless infrastructure growth in Malaysia, Malayan Cement operates large-scale manufacturing facilities that produce an extensive range of cement products catering to the needs of residential, commercial, and industrial construction projects. By leveraging advanced technology and sustainable practices, the company ensures high quality and efficiency, positioning itself as a key player in Malaysia's construction sector. Today, Malayan Cement makes its mark not just by churning out millions of tons of cement annually, but also through strategic market expansions and astute vertical integrations. The company's revenue stream primarily flows from supplying bulk cement to large infrastructure projects, traditional retail sales to small builders, and ready-mixed solutions to urban developments. By integrating upstream and downstream operations, Malayan Cement optimizes its production process and distribution network, ensuring cost-effectiveness and time efficiency. Additionally, its commitment to sustainability has opened avenues for environmental certifications and green building endorsements, which are increasingly becoming prerequisites for many modern constructions. Through strategic partnerships and a constant drive for innovation, Malayan Cement continues to cement its legacy, quite literally, as a pivotal player in Malaysia's growth story.

MCEMENT Intrinsic Value
8.44 MYR
Undervaluation 15%
Intrinsic Value
Price MYR7.2
M
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