October 2026
Largest Agriculture Public Companies in Malaysia
Benchmark revenue and EBITDA valuation multiples for public comps like
Batu Kawan, UIE, Farm Fresh, United Malacca and Ritamix Global.
 | Batu Kawan Bhd is a holding company that focuses on harvesting palm trees and manufacturing and selling rubber and chemical products through its subsidiaries. The firm operates through four segments: plantation, manufacturing, property development, and investment holdings/others. The manufacturing segment generates majority revenue through selling a variety of chemical-based products, including oleochemicals, industrial amides, rubber gloves, and esters. The plantation segment generates the second portion of total revenue by cultivating and processing palm trees into both fresh fruit bunches and rubber products. Geographically, the firm operates in Asia, Europe, Americas, and Africa, with the majority of its revenue generated from Asian and European countries. | $5 | +3% | $1.8B | $6.3B | 1.0x | 8.6x | ||
| UIE PLC is a holding company which invests in the agro-industrial sector. The company through its subsidiaries is involved in the business of cultivation and processing of palm oil and coconuts in Malaysia and Indonesia as well as focuses on long-term industrial development. The company has two reportable segments such as UIE and UP. UIE is a holding company which invests in the agro-industrial sector as well as industrial and technology businesses. UP segment includes a company incorporated in Malaysia, and its shares are publicly traded on Bursa Malaysia. Its primary business activity is the cultivation of oil palms and coconuts and the processing of palm oil in Malaysia and Indonesia. Company also has sales in USA, Europe and Other Countries. | $58 | +20% | $1.8B | $2B | 3.4x | 6.0x | ||
| Farm Fresh Berhad is a Malaysian dairy products company that rears dairy cattle and produces and sells fresh milk, yoghurt and whipping cream. It was founded in 2009 by Loi Tuan Eee and is based in Sedili, Johor, with factories in Bandar Muadzam Shah, Pahang and in Larkin, Johor. The company is listed on Bursa Malaysia and had a market capitalisation of about RM3.9 billion in August 2026. It earns its revenue mainly from sales of dairy products to retailers and consumers and reported revenue of RM810.9 million for 2024. Khazanah Nasional, through Agrifood Resources, was a substantial shareholder until it divested its shares in September 2025. In 2023 it bought 65 percent of the ice cream chain The Inside Scoop, and in 2026 it agreed to raise that stake to 85 percent. | $0 | -- | $913M | $1B | 3.7x | 19.7x | ||
| United Malacca Berhad is a Malaysian plantation company listed on Bursa Malaysia, incorporated in 1910 by Tun Tan Cheng Lock as The United Malacca Rubber Estates. It began with rubber estates and moved into oil palm from 1966. Its core business is oil palm cultivation and crude palm oil milling, with estates in Melaka, Negeri Sembilan, Johor, Pahang and Sabah in Malaysia, and an Indonesian plantation subsidiary in Central Kalimantan, PT Lifere Agros Kapuas, acquired in 2016. It operates its own palm oil mills and sells crude palm oil and palm kernel to refiners and traders. The group is headquartered in Taman Melaka Raya, Melaka. | $1 | -- | $311M | $235M | 1.2x | 3.9x | ||
| Ritamix Global is a Cayman Islands-incorporated holding company listed on the Main Board of the Hong Kong Stock Exchange since May 2020, with its operating headquarters in Shah Alam, Selangor, Malaysia. Its group distributes animal feed additives and human food ingredients and manufactures animal feed additive premixes, mainly for the Malaysian market. Customers are feed millers, livestock and poultry producers and food manufacturers, and the group earns revenue from product sales and distribution margins. It also keeps a principal place of business in Hong Kong. The business was formerly named Ritamix Group, and in 2026 an agreement was announced for Innovation Forge Holdings to acquire a controlling stake in the company. | $1 | -- | $275M | $257M | 8.2x | 73.6x | ||
| Sino Green Land Corporation is engaged in manufacturing and sales of recovered and recycled products in Malaysia. It conducts its business through its subsidiary Tian Li, which operates in Malaysia as an environmental technology company and recycler of plastic waste bottles and plastic packaging materials. | $0 | -- | $62M | $65M | 46.0x | (88.7x) | ||
| Cropmate Bhd is an holding company and operates through its subsidiary. It is engaged in the formulation and blending of conventional and specialty fertilisers as well as trading of straight fertilisers and related products. Its fertilisers are sold under brand Cropmate Dua Daun. Also in addition, it is involved in the trading of straight fertilisers and related products. The company has two segments: Formulation and Blending Segment and Trading Segment. Key revenue is generated from Formulation and Blending Segment. | $0 | +8% | $33M | $34M | 0.7x | 6.1x | ||
| Median | $1 | +8% | $311M | $257M | 3.4x | 6.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.