Sunway Bhd (5211) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sunway Bhd stock MYR 5.45, price MYR 4.33, upside +25.9%, quality 58 out of 100. Rating: undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 1.37 MYR – 5.82 MYR · fair‑value band 3.04 MYR – 8.01 MYR · the 4.33 MYR price screens below the 5.45 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Sunway Berhad, an investment holding company, operates in the real estate, construction, education, healthcare, retail, and hospitality sectors in Malaysia, Singapore, China, India, Australia, Indonesia, the United Kingdom, and internationally.
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Its Property Development segment develops residential, industrial, and commercial properties.
The company's Property Investment segment is involved in the management, operation, and letting of properties; operation of theme parks; rendering recreational club facilities; travel agent; management and operation of hotels; and investment in real estate investment fund.
Its Construction segment undertakes building and civil works; and mechanical, electrical, and piling works.
The company's Trading and Manufacturing segment is involved in the manufacture and trading of construction and industrial products, and commercial vehicles, as well as mechanical engineering and assembly works.
Its Quarry segment engages in quarrying, manufacturing, and supplying of premix; manufacture of ready-mixed concrete; and production of building stones. The Healthcare segment operates medical centres; and provides medical consultation services, and senior living care and assistance services.
Its Others segment manufactures vitrified clay pipes, concrete pipes, interlocking pavers, pre-tensioned spun concrete piles, precast micro injection piles, reinforced concrete piles, euro tiles, blocks, and concrete products; and offers secretarial and share registration, management, and leases and hire purchases financing services.
This segment also provides interior design and renovation, loyalty programs, online remittance and money, venture capital fund management, credit reference and rating, and training services; invests in online media; operates electronic parcel lockers and petrol kiosks; and retails pharmaceutical products.
The company was founded in 1974 and is based in Subang Jaya, Malaysia.
Stock analysis
Sunway Bhd (5211) currently trades at 4.33 MYR, while our model-based Fair Value estimate is 5.45 MYR, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 5.45 MYR per share, and 4 of the 13 models we run sit above the 4.33 MYR price.
Bear case: the Asset-Based group reads lowest at 1.54 MYR, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 3.04 MYR (bear) to 8.01 MYR (bull), the price of 4.33 MYR sits inside 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 58/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sunway Bhd reported revenue of 10.3B MYR in FY2025 versus 3.7B MYR in FY2021, a compound +29.0%/yr. Reported net income was 1.3B MYR in FY2025, compounding +39.2%/yr from FY2021.
Key figures
Market cap 29.3B MYR (≈ $7.2B) Mid · P/E ratio 2.8 · P/S ratio 2.83 · EPS (TTM) 1.56 MYR · Dividend yield 1.2% · Net margin 102% · Return on equity 50.4% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 26% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 26%, 5211 screens cheaper than that median.
Fair Value models
Bear3.04 MYRFair Value 5.45 MYRBull8.01 MYR
Price 4.33 MYR · Upside +25.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.29 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.Coverage ⓘCoverage = 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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+29.1%
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.
+25.7%
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.
+21.9%
Start year 2020 (pandemic). Over 10 years: +8.8% a year
Revenue growth 20 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.
+8.4%
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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.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.7%
Dividend (yield on the price)1.2%
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.19.0% vs 1.8%, 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.17% → 13%
2025 sits 61% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 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).
+6.6%
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.
+13.2%
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 +4.5% a year for the price and +11.0% for the forecasts.
AI conclusion: Sunway shows strength in construction through a record order book from data center projects but is limited by high total debt relative to equity and the lack of a clear competitive moat.
Main risk: A slowdown in the global AI capital expenditure cycle could reduce new data centre contracts from hyperscalers, squeezing order book replenishment and construction margins.
Bull case: Sunway could leverage its construction expertise and healthcare growth to secure government infrastructure and industrial projects, offsetting any data centre slowdown.
Bear case: If data centre demand fades without sufficient diversification, the construction segment could face prolonged lower order intake and pressure on group earnings visibility.
Sunway's construction business has built a record order book fueled by data center projects and raised its annual target, while property development faces softer demand. The failed IJM takeover earlier this year removed one potential catalyst and left the group seeking fresh drivers. Will successful delivery on existing strengths in construction and healthcare outweigh the need for another large-scale move?
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.Conglomerates · 304 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+25.9% · Above median
Profitability
Return on equity (12 months)50.4% · Top 25%
Return on assets3.4% · Above median
Net margin (12 months)102.2% · Top 25%
Operating margin (12 months)14.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)13.4% · Above median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)2.8× · Cheapest 25%
P/B1.82× · Pricier than median
P/S (12 months)2.83× · Priciest 25%
Price / free cash flow (fiscal year)13.5× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sunway Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5211
Frequently asked questions
Is Sunway Bhd (5211) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 5.45 MYR versus a price of 4.33 MYR, about +26% upside (undervalued).
What is the fair value of 5211?
Our model-based fair value for Sunway Bhd is 5.45 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 4.33 MYR.
What is the quality score of 5211?
Sunway Bhd has a Quality Score of 58/100. 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 Sunway Bhd (5211)?
Our model-based price target is the fair value of 5.45 MYR (as of Nov 8, 2026) from 13 valuation models. Cautious scenario 3.04 MYR, optimistic scenario 8.01 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Sunway Bhd stock forecast for 2026?
Our models put fair value at 5.45 MYR, about +26% upside versus a price of 4.33 MYR (undervalued). Cautious scenario 3.04 MYR, optimistic scenario 8.01 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Sunway Bhd (5211)?
Sunway Bhd reported trailing-twelve-month revenue of about 10.3B MYR (latest available figure, as of Nov 8, 2026).
Does Sunway Bhd pay a dividend?
Sunway Bhd currently shows a dividend yield of 1.15% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sunway Bhd (5211) and when is the ex-dividend date?
Sunway Bhd pays a dividend of 0.05 MYR per share a year, a dividend yield of 1.2%. The last ex-dividend date was Sep 17, 2026. A dividend has been paid every year since 2013. The payout ratio is 3.2% of earnings. Free cash flow covers the dividend 6.43 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sunway Bhd (5211)?
For today's price to be fair in a discounted-cash-flow model, Sunway Bhd would have to grow free cash flow by +6.6 % 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 +21.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 5211 use?
Our models discount Sunway Bhd at 9.7 %: a base by market capitalisation (mid), damped by beta 0.36, 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 Sunway Bhd that is +6.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Sunway Bhd (5211) delivered so far?
Over the past 5 years revenue at Sunway Bhd grew +21.9 % a year. The price currently implies free-cash-flow growth of +6.6 % per 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 Sunway Bhd (5211) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Sunway Bhd (+6.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sunway Bhd (5211)?
The free-cash-flow yield on the price is 7.42 %: that much free cash flow Sunway 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 Sunway Bhd (5211)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sunway Bhd it is 5.45 MYR per share (as of Nov 8, 2026), against a price of 4.33 MYR. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Sunway Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 5211 trades below its calculated fair value: price 4.33 MYR, fair value 5.45 MYR, a gap of about +26% (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 5211?
No. The price is what the market pays today (4.33 MYR); the fair value is what the company's own numbers justify (5.45 MYR). For Sunway Bhd the two are 1.12 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Sunway Bhd worth?
The market values Sunway Bhd at about 29.3B MYR (market capitalisation, as of Nov 8, 2026). Per share that is 4.33 MYR; our models calculate a fair value of 5.45 MYR per share.
What do the bullish and bearish scenarios say about 5211?
Our models span a range for Sunway Bhd: cautious scenario 3.04 MYR, base 5.45 MYR, optimistic 8.01 MYR per share (as of Nov 8, 2026, price 4.33 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5211?
Sunway Bhd trades at a price-to-earnings ratio of 2.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.45 MYR is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 19.4. Other multiples: PEG 7.1, P/B 1.8, P/S 2.8, EV/EBITDA 2.8.
What is the PEG ratio of 5211?
The PEG ratio of Sunway Bhd is 7.07 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sunway Bhd (5211)?
Balance-sheet figures for Sunway Bhd (as of Nov 8, 2026): return on equity 50.4%, debt of 0.38 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 5211 from its 52-week high?
Sunway Bhd trades at 4.33 MYR, about 26% below its 52-week high of 5.82 MYR and 4% above the low of 4.18 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5.45 MYR is for.
Which stocks are comparable to Sunway Bhd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Sunway Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 4.33 MYR, calculated fair value 5.45 MYR (+26%), Quality Score 58/100, from 13 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 5211 calculated?
We run Sunway Bhd through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 5.45 MYR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Sunway Bhd currently trades 21% 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 Sunway Bhd (5211)?
The closing price on Nov 6, 2026 was 4.33 MYR. Our model-based fair value is 5.45 MYR, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sunway Bhd right now?
The model range is unusually wide (3.04 MYR to 8.01 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Sunway Bhd (5211) come from?
Earnings per share at Sunway Bhd grew +0.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.5 %, EBIT margin −3.7 %, tax rate −0.2 %, residual (interest, one-offs) +2.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sunway Bhd
How large is the market capitalisation of Sunway Bhd (5211)?
The market capitalisation of Sunway Bhd is 29.3B MYR (≈ $7.2B). 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 Sunway Bhd (5211)?
The price-to-sales ratio of Sunway Bhd is 2.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sunway Bhd (5211)?
Earnings per share at Sunway Bhd are 1.56 MYR (price ÷ EPS = P/E 2.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sunway Bhd (5211)?
The dividend yield of Sunway Bhd is 1.2% (payout 3.2%). 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 Sunway Bhd (5211)?
The net margin of Sunway Bhd is 102% (last twelve months). 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 Sunway Bhd (5211)?
The return on equity (ROE) of Sunway Bhd is 50.4% (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 Sunway Bhd (5211)?
On an EBIT basis the return on assets of Sunway Bhd is 2.9% (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 Sunway Bhd (5211)?
The operating margin of Sunway Bhd is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sunway Bhd (5211)?
Revenue at Sunway Bhd is growing +13.4% versus a year earlier (3y avg +25.7%). 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 Sunway Bhd (5211)?
Earnings per share at Sunway Bhd are growing +15.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sunway Bhd (5211) carry?
The net debt of Sunway Bhd is 8.4B MYR (fiscal year 2025, ≈ 3.9 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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Broad data
Nov 8, 2026