Selangor Dredging Bhd (2224) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Selangor Dredging Bhd stock MYR 0.95, price MYR 0.38, upside +150.0%, quality 54 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 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 9, 2026.
How to read this chart
60‑month range 0.3198 MYR – 0.7771 MYR · fair‑value band 0.7350 MYR – 1.20 MYR · the 0.3800 MYR price screens below the 0.9500 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Selangor Dredging Berhad, an investment holding company, engages in the property development business in Malaysia and Singapore. It operates through Property Investment, Hotel Operations, Investment Holding, Property Development, and Others segments.
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The company is involved in the letting of commercial properties; operation of hotels and related services; and provision of property management and support services.
It also engages in trading, installation, and franchising of energy efficient products; and operation of boutique urban resort hotel under the Hotel Maya Kuala Lumpur name. Selangor Dredging Berhad was incorporated in 1962 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Selangor Dredging Bhd (2224) currently trades at 0.3800 MYR, while our model-based Fair Value estimate is 0.9500 MYR, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 4.80 MYR per share, and 5 of the 6 models we run sit above the 0.3800 MYR price.
Bear case: the Asset-Based group reads lowest at 0.2100 MYR, and 1 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.7350 MYR (bear) to 1.20 MYR (bull), the price of 0.3800 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 54/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Selangor Dredging Bhd reported revenue of 174M MYR in FY2026 versus 98.5M MYR in FY2022, a compound +15.4%/yr. Reported net income was −41.2M MYR in FY2026.
Key figures
Market cap 162M MYR (≈ $39.9M) Micro · P/S ratio 1.18 · EPS (TTM) −0.1100 MYR · Dividend yield 7.9% · Net margin −32.2% · Return on equity −5.5% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin −21.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 150%, 2224 screens cheaper than that median.
Fair Value models
Bear0.7350 MYRFair Value 0.9500 MYRBull1.20 MYR
Price 0.3800 MYR · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.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.37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−53.6%
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.
+8.2%
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.
+3.9%
Start year 2021 (pandemic). Over 10 years: −2.1% a year
Revenue growth 13 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.
−4.2%
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Profit margin (trend) ⓘ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.
−16.5% (2021) → −15.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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.Real Estate - Development · 489 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets−3.0% · Bottom 25%
Net margin (12 months)−32.2% · Bottom 25%
Operating margin (12 months)−21.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−48.4% · Bottom 25%
Dividend yield (12 months)7.9% · Top 25%
Balance sheet
Debt / equity0.13× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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). "Selangor Dredging Bhd Fair Value". https://www.fairvalue-calculator.com/stock/2224
Frequently asked questions
Is Selangor Dredging Bhd (2224) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 0.9500 MYR versus a price of 0.3800 MYR, about +150% upside (undervalued).
What is the fair value of 2224?
Our model-based fair value for Selangor Dredging Bhd is 0.9500 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 0.3800 MYR.
What is the quality score of 2224?
Selangor Dredging Bhd has a Quality Score of 54/100. 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 Selangor Dredging Bhd (2224)?
Our model-based price target is the fair value of 0.9500 MYR (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 0.7350 MYR, optimistic scenario 1.20 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Selangor Dredging Bhd stock forecast for 2026?
Our models put fair value at 0.9500 MYR, about +150% upside versus a price of 0.3800 MYR (undervalued). Cautious scenario 0.7350 MYR, optimistic scenario 1.20 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Selangor Dredging Bhd (2224)?
Selangor Dredging Bhd reported trailing-twelve-month revenue of about 144M MYR (latest available figure, as of Nov 9, 2026).
Does Selangor Dredging Bhd pay a dividend?
Selangor Dredging Bhd currently shows a dividend yield of 7.89% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Selangor Dredging Bhd (2224) and when is the ex-dividend date?
Selangor Dredging Bhd pays a dividend of 0.03 MYR per share a year, a dividend yield of 7.9%. The last ex-dividend date was Oct 1, 2026. Free cash flow covers the dividend 11.06 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What is the intrinsic value of Selangor Dredging Bhd (2224)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Selangor Dredging Bhd it is 0.9500 MYR per share (as of Nov 9, 2026), against a price of 0.3800 MYR. It is the blended result of 6 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Selangor Dredging Bhd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 2224 trades below its calculated fair value: price 0.3800 MYR, fair value 0.9500 MYR, a gap of about +150% (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 2224?
No. The price is what the market pays today (0.3800 MYR); the fair value is what the company's own numbers justify (0.9500 MYR). For Selangor Dredging Bhd the two are 0.5700 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Selangor Dredging Bhd worth?
The market values Selangor Dredging Bhd at about 162M MYR (market capitalisation, as of Nov 9, 2026). Per share that is 0.3800 MYR; our models calculate a fair value of 0.9500 MYR per share.
What do the bullish and bearish scenarios say about 2224?
Our models span a range for Selangor Dredging Bhd: cautious scenario 0.7350 MYR, base 0.9500 MYR, optimistic 1.20 MYR per share (as of Nov 9, 2026, price 0.3800 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Selangor Dredging Bhd (2224)?
Balance-sheet figures for Selangor Dredging Bhd (as of Nov 9, 2026): return on equity −5.5%, debt of 0.13 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 2224 from its 52-week high?
Selangor Dredging Bhd trades at 0.3800 MYR, about 22% below its 52-week high of 0.4900 MYR and 2% above the low of 0.3742 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9500 MYR is for.
Which stocks are comparable to Selangor Dredging Bhd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF 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 Selangor Dredging Bhd stock attractive at the current price?
The data as of Nov 9, 2026: price 0.3800 MYR, calculated fair value 0.9500 MYR (+150%), Quality Score 54/100, from 6 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 2224 calculated?
We run Selangor Dredging Bhd through 6 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 0.9500 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. Selangor Dredging Bhd currently trades 60% 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 Selangor Dredging Bhd (2224)?
The closing price on Nov 6, 2026 was 0.3800 MYR. Our model-based fair value is 0.9500 MYR, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Selangor Dredging Bhd right now?
The price is below even our cautious bear case (0.7350 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 (54/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Selangor Dredging Bhd
How large is the market capitalisation of Selangor Dredging Bhd (2224)?
The market capitalisation of Selangor Dredging Bhd is 162M MYR (≈ $39.9M). 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 Selangor Dredging Bhd (2224)?
The price-to-sales ratio of Selangor Dredging Bhd is 1.18 (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 Selangor Dredging Bhd (2224)?
Earnings per share at Selangor Dredging Bhd are −0.1100 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Selangor Dredging Bhd (2224)?
The dividend yield of Selangor Dredging Bhd is 7.9%. 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 Selangor Dredging Bhd (2224)?
The net margin of Selangor Dredging Bhd is −32.2% (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 Selangor Dredging Bhd (2224)?
The return on equity (ROE) of Selangor Dredging Bhd is −5.5% (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 Selangor Dredging Bhd (2224)?
On an EBIT basis the return on assets of Selangor Dredging Bhd is 1.3% (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 Selangor Dredging Bhd (2224)?
The operating margin of Selangor Dredging Bhd is −21.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Selangor Dredging Bhd (2224)?
Revenue at Selangor Dredging Bhd is growing −48.4% versus a year earlier (3y avg +8.2%). 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 Selangor Dredging Bhd (2224)?
Earnings per share at Selangor Dredging Bhd are growing −88.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Selangor Dredging Bhd (2224) generate?
The free cash flow of Selangor Dredging Bhd is 141M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Selangor Dredging Bhd (2224) carry?
The net debt of Selangor Dredging Bhd is 253M MYR (fiscal year 2026, ≈ 1.8 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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Thin data
Nov 9, 2026