KSL Holdings Bhd (5038) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of KSL Holdings Bhd stock MYR 3.97, price MYR 2.49, upside +59.4%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 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 5, 2026.
How to read this chart
60‑month range 0.5522 MYR – 3.50 MYR · fair‑value band 3.59 MYR – 5.10 MYR · the 2.49 MYR price screens below the 3.97 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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KSL Holdings Berhad, an investment holding company, engages in the property development business in Malaysia. The company operates through four segments: Property Development, Property Investment, Investment Holding, and Car Park Operation.
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The company's property portfolio includes townships, shopping malls, hotels and resorts, and high-rise residences, as well as a factory/warehouse.
It also develops residential and commercial properties, including land homes, condominiums, retail shop offices; invests in real properties; operates hotels and malls; and operates and manages car parks.
In addition, the company offers management services; wellness and health care related products and services; and food and beverage related products and services. KSL Holdings Berhad was incorporated in 2000 and is headquartered in Segamat, Malaysia.
Stock analysis
KSL Holdings Bhd (5038) currently trades at 2.49 MYR, while our model-based Fair Value estimate is 3.97 MYR, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 8.06 MYR per share, and 6 of the 9 models we run sit above the 2.49 MYR price.
Bear case: the Asset-Based group reads lowest at 2.84 MYR, and 3 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.59 MYR (bear) to 5.10 MYR (bull), the price of 2.49 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 45/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
KSL Holdings Bhd reported revenue of 1.7B MYR in FY2025 versus 468M MYR in FY2021, a compound +37.4%/yr. Reported net income was 526M MYR in FY2025, compounding +46.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.7B MYR (≈ $659M) Small · P/E ratio 4.9 · P/S ratio 1.70 · EPS (TTM) 0.5100 MYR · Dividend yield 4.0% · Net margin 34.1% · Return on equity 11.8% · Return on assets (EBIT) 9.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 29% 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 59%, 5038 screens cheaper than that median.
Fair Value models
Bear3.59 MYRFair Value 3.97 MYRBull5.10 MYR
Price 2.49 MYR · Upside +59.4%
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 (0.3516 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+20.9%
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.
+42.6%
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.
+37.4%
Start year 2020 (pandemic). Over 10 years: +9.3% 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.
+11.5%
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What shareholders gained per year (last 5 years), in MYR ⓘ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. 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.
+27.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.4%
Dividend (yield on the price)4.0%
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.23.4% vs 6.0%, 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.−14% → 42%
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 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+59.4% · Above median
Profitability
Return on equity (12 months)11.8% · Top 25%
Return on assets8.7% · Top 25%
Net margin (12 months)34.1% · Top 25%
Operating margin (12 months)41.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.5% · Above median
Dividend yield (12 months)4.0% · Above 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). "KSL Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5038
Frequently asked questions
Is KSL Holdings Bhd (5038) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 3.97 MYR versus a price of 2.49 MYR, about +59% upside (undervalued).
What is the fair value of 5038?
Our model-based fair value for KSL Holdings Bhd is 3.97 MYR (as of Nov 5, 2026), built from audited fundamentals. The current price: 2.49 MYR.
What is the quality score of 5038?
KSL Holdings Bhd has a Quality Score of 45/100. 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 KSL Holdings Bhd (5038)?
Our model-based price target is the fair value of 3.97 MYR (as of Nov 5, 2026) from 9 valuation models. Cautious scenario 3.59 MYR, optimistic scenario 5.10 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the KSL Holdings Bhd stock forecast for 2026?
Our models put fair value at 3.97 MYR, about +59% upside versus a price of 2.49 MYR (undervalued). Cautious scenario 3.59 MYR, optimistic scenario 5.10 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of KSL Holdings Bhd (5038)?
KSL Holdings Bhd reported trailing-twelve-month revenue of about 1.6B MYR (latest available figure, as of Nov 5, 2026).
Does KSL Holdings Bhd pay a dividend?
KSL Holdings Bhd currently shows a dividend yield of 4.02% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of KSL Holdings Bhd (5038) and when is the ex-dividend date?
KSL Holdings Bhd pays a dividend of 0.1 MYR per share a year, a dividend yield of 4.0%. The last ex-dividend date was Aug 6, 2026. The payout ratio is 19.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of KSL Holdings Bhd (5038)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KSL Holdings Bhd it is 3.97 MYR per share (as of Nov 5, 2026), against a price of 2.49 MYR. It is the blended result of 9 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is KSL Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 5038 trades below its calculated fair value: price 2.49 MYR, fair value 3.97 MYR, a gap of about +59% (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 5038?
No. The price is what the market pays today (2.49 MYR); the fair value is what the company's own numbers justify (3.97 MYR). For KSL Holdings Bhd the two are 1.48 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is KSL Holdings Bhd worth?
The market values KSL Holdings Bhd at about 2.7B MYR (market capitalisation, as of Nov 5, 2026). Per share that is 2.49 MYR; our models calculate a fair value of 3.97 MYR per share.
What do the bullish and bearish scenarios say about 5038?
Our models span a range for KSL Holdings Bhd: cautious scenario 3.59 MYR, base 3.97 MYR, optimistic 5.10 MYR per share (as of Nov 5, 2026, price 2.49 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5038?
KSL Holdings Bhd trades at a price-to-earnings ratio of 4.9 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.97 MYR is built from several models across several years. Other multiples: P/B 0.6, P/S 1.7, EV/EBITDA 3.9.
How solid is the balance sheet of KSL Holdings Bhd (5038)?
Balance-sheet figures for KSL Holdings Bhd (as of Nov 5, 2026): return on equity 11.8%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 5038 from its 52-week high?
KSL Holdings Bhd trades at 2.49 MYR, about 29% below its 52-week high of 3.50 MYR and 2% above the low of 2.45 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.97 MYR is for.
Which stocks are comparable to KSL Holdings 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 KSL Holdings Bhd stock attractive at the current price?
The data as of Nov 5, 2026: price 2.49 MYR, calculated fair value 3.97 MYR (+59%), Quality Score 45/100, from 9 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 5038 calculated?
We run KSL Holdings Bhd through 9 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 3.97 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. KSL Holdings Bhd currently trades 37% 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 KSL Holdings Bhd (5038)?
The closing price on Nov 6, 2026 was 2.49 MYR. Our model-based fair value is 3.97 MYR, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KSL Holdings Bhd right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3.59 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. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of KSL Holdings Bhd
How large is the market capitalisation of KSL Holdings Bhd (5038)?
The market capitalisation of KSL Holdings Bhd is 2.7B MYR (≈ $659M). 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 KSL Holdings Bhd (5038)?
The price-to-sales ratio of KSL Holdings Bhd is 1.70 (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 KSL Holdings Bhd (5038)?
Earnings per share at KSL Holdings Bhd are 0.5100 MYR (price ÷ EPS = P/E 4.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KSL Holdings Bhd (5038)?
The dividend yield of KSL Holdings Bhd is 4.0% (payout 19.6%). 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 KSL Holdings Bhd (5038)?
The net margin of KSL Holdings Bhd is 34.1% (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 KSL Holdings Bhd (5038)?
The return on equity (ROE) of KSL Holdings Bhd is 11.8% (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 KSL Holdings Bhd (5038)?
On an EBIT basis the return on assets of KSL Holdings Bhd is 9.2% (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 KSL Holdings Bhd (5038)?
The operating margin of KSL Holdings Bhd is 41.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KSL Holdings Bhd (5038)?
Revenue at KSL Holdings Bhd is growing +4.5% versus a year earlier (3y avg +42.6%). 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 KSL Holdings Bhd (5038)?
Earnings per share at KSL Holdings Bhd are growing −3.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KSL Holdings Bhd (5038) generate?
The free cash flow of KSL Holdings Bhd is −299M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does KSL Holdings Bhd (5038) carry?
The net debt of KSL Holdings Bhd is 511M MYR (fiscal year 2025). 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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Nov 5, 2026