AmanahRaya Real Estate Investment Trust (5127) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AmanahRaya Real Estate Investment Trust stock MYR 0.22, price MYR 0.40, that is 45.0% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 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 7, 2026.
How to read this chart
60‑month range 0.2792 MYR – 0.5797 MYR · fair‑value band 0.1600 MYR – 0.2700 MYR · the 0.4000 MYR price screens above the 0.2200 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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AmanahRaya Real Estate Investment Trust (AmanahRaya REIT or the Trust) is a Malaysia domiciled real estate investment trust. It is constituted between AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (the Manager) and CIMB Islamic Trustee Berhad.
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On 13 May 2019, the Manager, CIMB Islamic Trustee Berhad (Retiring Trustee) and Pacific Trustees Berhad (New Trustee or the Trustee) entered a supplementary deed to effect the change of trustee of AmanahRaya REIT from the Retiring Trustee to the New Trustee.
The change of trustee took effect on 21 May 2019 upon the registration and lodgement of the Supplementary Deed with the Securities Commission on 24 May 2019.
Subsequently, the Manager entered into an Amended and Restated Trust Deed dated 5 December 2019 (the Trust Deed) with the Trustee which has been registered and lodged with the Securities Commission on 10 January 2020 and 16 January 2020, respectively, in compliance with the amendments made to the Securities Commission's Guidelines on Listed Real Estate Investment Trusts.
The Trust Deed is regulated by the Securities Commission's Guidelines on Listed Real Estate Investment Trusts, the Listing Requirements of Bursa Malaysia Securities Berhad, the Rules of the Depository and taxation laws and rulings.
AmanahRaya REIT will continue its operations until such time as determined by the Trustee and the Manager as provided under the provision of Clause 26 of the Trust Deed dated 10 October 2006. AmanahRaya REIT is listed on the Main Market of Bursa Malaysia Securities Berhad.
AmanahRaya Real Estate Investment Trust was incorporated in 2006 in Malaysia.
Stock analysis
AmanahRaya Real Estate Investment Trust (5127) currently trades at 0.4000 MYR, while our model-based Fair Value estimate is 0.2200 MYR, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.8400 MYR per share, and 3 of the 6 models we run sit above the 0.4000 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.0800 MYR, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1600 MYR (bear) to 0.2700 MYR (bull), the price of 0.4000 MYR sits above 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 63/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
AmanahRaya Real Estate Investment Trust reported revenue of 85.1M MYR in FY2025 versus 86.6M MYR in FY2021, a compound −0.4%/yr. Reported net income was 7.3M MYR in FY2025, compounding −30.6%/yr from FY2021.
Key figures
Market cap 229M MYR (≈ $56.5M) Micro · P/E ratio 40.0 · P/S ratio 3.44 · EPS (TTM) 0.0100 MYR · Dividend yield 4.0% · Net margin 8.6% · Return on equity 1.3% · Return on assets (EBIT) 0.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at −45%, 5127 screens richer than that median.
Fair Value models
Bear0.1600 MYRFair Value 0.2200 MYRBull0.2700 MYR
Price 0.4000 MYR · Downside -45.0%
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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+9.7%
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.
+3.0%
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.
−1.6%
Start year 2020 (pandemic). Over 10 years: +2.7% a year
Revenue growth 14 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.
+1.8%
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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.
−22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.2%
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.−26.2% vs −19.1%, slowing
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.−8% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+17.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +14.8% a year for the price.
Compare AmanahRaya Real Estate Investment Trust with another stock
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.REIT - Diversified · 138 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−45.0% · Bottom 25%
Profitability
Return on equity (12 months)1.3% · Below median
Return on assets0.5% · Bottom 25%
Net margin (12 months)11.1% · Below median
Operating margin (12 months)37.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.6% · Top 25%
Dividend yield (12 months)4.0% · Below median
Balance sheet
Debt / equity0.89× · Highest 25%
Valuation Multiplesvs REIT - Diversified 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). "AmanahRaya Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/5127
Frequently asked questions
Is AmanahRaya Real Estate Investment Trust (5127) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.2200 MYR versus a price of 0.4000 MYR, about 45% lower (overvalued).
What is the fair value of 5127?
Our model-based fair value for AmanahRaya Real Estate Investment Trust is 0.2200 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.4000 MYR.
What is the quality score of 5127?
AmanahRaya Real Estate Investment Trust has a Quality Score of 63/100. 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 AmanahRaya Real Estate Investment Trust (5127)?
Our model-based price target is the fair value of 0.2200 MYR (as of Nov 7, 2026) from 8 valuation models. Cautious scenario 0.1600 MYR, optimistic scenario 0.2700 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the AmanahRaya Real Estate Investment Trust stock forecast for 2026?
Our models put fair value at 0.2200 MYR, about 45% lower versus a price of 0.4000 MYR (overvalued). Cautious scenario 0.1600 MYR, optimistic scenario 0.2700 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of AmanahRaya Real Estate Investment Trust (5127)?
AmanahRaya Real Estate Investment Trust reported trailing-twelve-month revenue of about 86.3M MYR (latest available figure, as of Nov 7, 2026).
Does AmanahRaya Real Estate Investment Trust pay a dividend?
AmanahRaya Real Estate Investment Trust currently shows a dividend yield of 4.00% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of AmanahRaya Real Estate Investment Trust (5127) and when is the ex-dividend date?
AmanahRaya Real Estate Investment Trust pays a dividend of 0.016 MYR per share a year, a dividend yield of 4.0%. The last ex-dividend date was Feb 5, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 160% of earnings. Free cash flow covers the dividend 4.54 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into AmanahRaya Real Estate Investment Trust (5127)?
For today's price to be fair in a discounted-cash-flow model, AmanahRaya Real Estate Investment Trust would have to grow free cash flow by +17.0 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 5127 use?
Our models discount AmanahRaya Real Estate Investment Trust at 12.6 %: a base by market capitalisation (micro), damped by beta 0.22, 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 AmanahRaya Real Estate Investment Trust that is +17.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has AmanahRaya Real Estate Investment Trust (5127) delivered so far?
Over the past 5 years revenue at AmanahRaya Real Estate Investment Trust grew -1.6 % a year. The price currently implies free-cash-flow growth of +17.0 % 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 AmanahRaya Real Estate Investment Trust (5127) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into AmanahRaya Real Estate Investment Trust (+17.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AmanahRaya Real Estate Investment Trust (5127)?
The free-cash-flow yield on the price is 18.16 %: that much free cash flow AmanahRaya Real Estate Investment Trust produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AmanahRaya Real Estate Investment Trust (5127)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AmanahRaya Real Estate Investment Trust it is 0.2200 MYR per share (as of Nov 7, 2026), against a price of 0.4000 MYR. It is the blended result of 8 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is AmanahRaya Real Estate Investment Trust stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 5127 trades above its calculated fair value: price 0.4000 MYR, fair value 0.2200 MYR, a gap of about −45% (overvalued). 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 5127?
No. The price is what the market pays today (0.4000 MYR); the fair value is what the company's own numbers justify (0.2200 MYR). For AmanahRaya Real Estate Investment Trust the two are 0.1800 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is AmanahRaya Real Estate Investment Trust worth?
The market values AmanahRaya Real Estate Investment Trust at about 229M MYR (market capitalisation, as of Nov 7, 2026). Per share that is 0.4000 MYR; our models calculate a fair value of 0.2200 MYR per share.
What do the bullish and bearish scenarios say about 5127?
Our models span a range for AmanahRaya Real Estate Investment Trust: cautious scenario 0.1600 MYR, base 0.2200 MYR, optimistic 0.2700 MYR per share (as of Nov 7, 2026, price 0.4000 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5127?
AmanahRaya Real Estate Investment Trust trades at a price-to-earnings ratio of 40.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2200 MYR is built from several models across several years. Other multiples: P/B 0.3, P/S 2.7, EV/EBITDA 24.5.
How solid is the balance sheet of AmanahRaya Real Estate Investment Trust (5127)?
Balance-sheet figures for AmanahRaya Real Estate Investment Trust (as of Nov 7, 2026): return on equity 1.3%, debt of 0.89 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 5127 from its 52-week high?
AmanahRaya Real Estate Investment Trust trades at 0.4000 MYR, about 8% below its 52-week high of 0.4350 MYR and 29% above the low of 0.3100 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2200 MYR is for.
Which stocks are comparable to AmanahRaya Real Estate Investment Trust?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 AmanahRaya Real Estate Investment Trust stock attractive at the current price?
The data as of Nov 7, 2026: price 0.4000 MYR, calculated fair value 0.2200 MYR (−45%), Quality Score 63/100, from 8 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 5127 calculated?
We run AmanahRaya Real Estate Investment Trust through 8 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.2200 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. AmanahRaya Real Estate Investment Trust itself currently trades above fair value. 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 AmanahRaya Real Estate Investment Trust (5127)?
The closing price on Nov 6, 2026 was 0.4000 MYR. Our model-based fair value is 0.2200 MYR, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AmanahRaya Real Estate Investment Trust right now?
The price sits above even our optimistic bull case (0.2700 MYR). The favourable scenario is already priced in. 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 but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of AmanahRaya Real Estate Investment Trust
How large is the market capitalisation of AmanahRaya Real Estate Investment Trust (5127)?
The market capitalisation of AmanahRaya Real Estate Investment Trust is 229M MYR (≈ $56.5M). 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 AmanahRaya Real Estate Investment Trust (5127)?
The price-to-sales ratio of AmanahRaya Real Estate Investment Trust is 3.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AmanahRaya Real Estate Investment Trust (5127)?
Earnings per share at AmanahRaya Real Estate Investment Trust are 0.0100 MYR (price ÷ EPS = P/E 40.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AmanahRaya Real Estate Investment Trust (5127)?
The dividend yield of AmanahRaya Real Estate Investment Trust is 4.0% (payout 160%). 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 AmanahRaya Real Estate Investment Trust (5127)?
The net margin of AmanahRaya Real Estate Investment Trust is 8.6% (fiscal year 2025). 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 AmanahRaya Real Estate Investment Trust (5127)?
The return on equity (ROE) of AmanahRaya Real Estate Investment Trust is 1.3% (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 AmanahRaya Real Estate Investment Trust (5127)?
On an EBIT basis the return on assets of AmanahRaya Real Estate Investment Trust is 0.8% (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 AmanahRaya Real Estate Investment Trust (5127)?
The operating margin of AmanahRaya Real Estate Investment Trust is 37.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AmanahRaya Real Estate Investment Trust (5127)?
Revenue at AmanahRaya Real Estate Investment Trust is growing +16.6% versus a year earlier (3y avg +3.0%). 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 AmanahRaya Real Estate Investment Trust (5127)?
Earnings per share at AmanahRaya Real Estate Investment Trust are growing +20.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AmanahRaya Real Estate Investment Trust (5127) carry?
The net debt of AmanahRaya Real Estate Investment Trust is 582M MYR (fiscal year 2025, ≈ 14.0 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 7, 2026