IOI Properties Group Bhd (5249) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of IOI Properties Group Bhd stock MYR 4.00, price MYR 3.19, upside +25.4%, quality 63 out of 100. Rating: undervalued. Calculated from audited financials with 16 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 0.8042 MYR – 4.39 MYR · fair‑value band 0.8400 MYR – 5.61 MYR · the 3.19 MYR price screens below the 4.00 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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IOI Properties Group Berhad, an investment holding company, engages in the property development activities in Malaysia, Singapore, and the People's Republic of China. It operates in three segments: Property Development, Property Investment, and Hospitality and Leisure.
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The Property Development segment develops residential, commercial, and industrial properties. Its Property Investment segment invests in shopping malls and office buildings. The Hospitality and Leisure segment manages and operates hotels and golf courses.
The company also offers management, office management, facility management, business management, treasury and treasury management, consultancy, car park operation and management, building maintenance, hospitality, and recreational services.
In addition, it engages in the cultivation of plantation produce; general contracting of real estate; management of a golf club under the Palm Garden Golf Club name; sale of ornamental plants and turfing grass; management of loyalty programme services; trading in construction materials; property leasing and management; and leisure and entertainment activities.
The company was incorporated in 2013 and is based in Putrajaya, Malaysia. IOI Properties Group Berhad operates as a subsidiary of Vertical Capacity Sdn Bhd.
Stock analysis
IOI Properties Group Bhd (5249) currently trades at 3.19 MYR, while our model-based Fair Value estimate is 4.00 MYR, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 6.65 MYR per share, and 9 of the 16 models we run sit above the 3.19 MYR price.
Bear case: the Dividend Discount group reads lowest at 1.28 MYR, and 7 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.8400 MYR (bear) to 5.61 MYR (bull), the price of 3.19 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 63/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
IOI Properties Group Bhd reported revenue of 5.9B MYR in FY2026 versus 2.6B MYR in FY2022, a compound +22.9%/yr. Reported net income was 2.2B MYR in FY2026, compounding +33.1%/yr from FY2022.
Key figures
Market cap 17.6B MYR (≈ $4.3B) Mid · P/E ratio 8.2 · P/S ratio 3.95 · EPS (TTM) 0.3900 MYR · Dividend yield 2.5% · Net margin 48.5% · Return on equity 8.6% · Return on assets (EBIT) 3.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 57% 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 25%, 5249 screens richer than that median.
Fair Value models
Bear0.8400 MYRFair Value 4.00 MYRBull5.61 MYR
Price 3.19 MYR · Upside +25.4%
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 2026 figures (about 4 months old). Earnings retained since then (0.1121 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+93.1%
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.
+31.6%
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.
+18.9%
Start year 2021 (pandemic). Over 10 years: +6.9% a year
Revenue growth 15 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.
+11.4%
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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.
+29.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.7%
Dividend (yield on the price)2.5%
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.26.7% vs 5.0%, picking up
Profit margin 2021 to 2026 ⓘ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.29% → 51%
2026 sits 55% 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 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+17.8%
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.
+1.9%
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 +15.5% a year for the price and −0.1% for the forecasts.
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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 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+25.4% · Below median
Profitability
Return on equity (12 months)8.6% · Above median
Return on assets3.9% · Above median
Net margin (12 months)48.5% · Top 25%
Operating margin (12 months)57.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)55.8% · Top 25%
Dividend yield (12 months)2.5% · Below median
Balance sheet
Debt / equity0.95× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)8.2× · Cheaper than median
P/B0.68× · Cheaper than median
P/S (12 months)3.95× · Pricier than median
Price / free cash flow (fiscal year)14.0× · 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). "IOI Properties Group Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5249
Frequently asked questions
Is IOI Properties Group Bhd (5249) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 4.00 MYR versus a price of 3.19 MYR, about +25% upside (undervalued).
What is the fair value of 5249?
Our model-based fair value for IOI Properties Group Bhd is 4.00 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 3.19 MYR.
What is the quality score of 5249?
IOI Properties Group Bhd 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 IOI Properties Group Bhd (5249)?
Our model-based price target is the fair value of 4.00 MYR (as of Nov 9, 2026) from 16 valuation models. Cautious scenario 0.8400 MYR, optimistic scenario 5.61 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the IOI Properties Group Bhd stock forecast for 2026?
Our models put fair value at 4.00 MYR, about +25% upside versus a price of 3.19 MYR (undervalued). Cautious scenario 0.8400 MYR, optimistic scenario 5.61 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of IOI Properties Group Bhd (5249)?
IOI Properties Group Bhd reported trailing-twelve-month revenue of about 4.4B MYR (latest available figure, as of Nov 9, 2026).
Does IOI Properties Group Bhd pay a dividend?
IOI Properties Group Bhd currently shows a dividend yield of 2.51% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of IOI Properties Group Bhd (5249) and when is the ex-dividend date?
IOI Properties Group Bhd pays a dividend of 0.08 MYR per share a year, a dividend yield of 2.5%. The last ex-dividend date was Sep 14, 2026. A dividend has been paid every year since at least 2014. The payout ratio is 20.5% of earnings. Free cash flow covers the dividend 2.85 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 IOI Properties Group Bhd (5249)?
For today's price to be fair in a discounted-cash-flow model, IOI Properties Group Bhd would have to grow free cash flow by +17.8 % 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 +18.9 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 5249 use?
Our models discount IOI Properties Group Bhd at 9.7 %: a base by market capitalisation (mid), damped by beta 0.40, 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 IOI Properties Group Bhd that is +17.8 % 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 IOI Properties Group Bhd (5249) delivered so far?
Over the past 5 years revenue at IOI Properties Group Bhd grew +18.9 % a year. The price currently implies free-cash-flow growth of +17.8 % 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 IOI Properties Group Bhd (5249) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into IOI Properties Group Bhd (+17.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of IOI Properties Group Bhd (5249)?
The free-cash-flow yield on the price is 7.16 %: that much free cash flow IOI Properties Group 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 IOI Properties Group Bhd (5249)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IOI Properties Group Bhd it is 4.00 MYR per share (as of Nov 9, 2026), against a price of 3.19 MYR. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is IOI Properties Group Bhd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 5249 trades below its calculated fair value: price 3.19 MYR, fair value 4.00 MYR, a gap of about +25% (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 5249?
No. The price is what the market pays today (3.19 MYR); the fair value is what the company's own numbers justify (4.00 MYR). For IOI Properties Group Bhd the two are 0.8100 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is IOI Properties Group Bhd worth?
The market values IOI Properties Group Bhd at about 17.6B MYR (market capitalisation, as of Nov 9, 2026). Per share that is 3.19 MYR; our models calculate a fair value of 4.00 MYR per share.
What do the bullish and bearish scenarios say about 5249?
Our models span a range for IOI Properties Group Bhd: cautious scenario 0.8400 MYR, base 4.00 MYR, optimistic 5.61 MYR per share (as of Nov 9, 2026, price 3.19 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5249?
IOI Properties Group Bhd trades at a price-to-earnings ratio of 8.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.00 MYR is built from several models across several years. Other multiples: PEG 0.8, P/B 0.7, P/S 4.0, EV/EBITDA 12.5.
What is the PEG ratio of 5249?
The PEG ratio of IOI Properties Group Bhd is 0.84 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of IOI Properties Group Bhd (5249)?
Balance-sheet figures for IOI Properties Group Bhd (as of Nov 9, 2026): return on equity 8.6%, debt of 0.95 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 5249 from its 52-week high?
IOI Properties Group Bhd trades at 3.19 MYR, about 27% below its 52-week high of 4.39 MYR and 57% above the low of 2.04 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4.00 MYR is for.
Which stocks are comparable to IOI Properties Group 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 IOI Properties Group Bhd stock attractive at the current price?
The data as of Nov 9, 2026: price 3.19 MYR, calculated fair value 4.00 MYR (+25%), Quality Score 63/100, from 16 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 5249 calculated?
We run IOI Properties Group Bhd through 16 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 4.00 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. IOI Properties Group Bhd currently trades 20% 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 IOI Properties Group Bhd (5249)?
The closing price on Nov 6, 2026 was 3.19 MYR. Our model-based fair value is 4.00 MYR, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IOI Properties Group Bhd right now?
The model range is unusually wide (0.8400 MYR to 5.61 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of IOI Properties Group Bhd (5249) come from?
Earnings per share at IOI Properties Group Bhd grew +4.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +0.3 %, EBIT margin +4.2 %, tax rate +1.6 %, residual (interest, one-offs) −1.9 %. 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 IOI Properties Group Bhd
How large is the market capitalisation of IOI Properties Group Bhd (5249)?
The market capitalisation of IOI Properties Group Bhd is 17.6B MYR (≈ $4.3B). 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 IOI Properties Group Bhd (5249)?
The price-to-sales ratio of IOI Properties Group Bhd is 3.95 (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 IOI Properties Group Bhd (5249)?
Earnings per share at IOI Properties Group Bhd are 0.3900 MYR (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IOI Properties Group Bhd (5249)?
The dividend yield of IOI Properties Group Bhd is 2.5% (payout 20.5%). 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 IOI Properties Group Bhd (5249)?
The net margin of IOI Properties Group Bhd is 48.5% (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 IOI Properties Group Bhd (5249)?
The return on equity (ROE) of IOI Properties Group Bhd is 8.6% (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 IOI Properties Group Bhd (5249)?
On an EBIT basis the return on assets of IOI Properties Group Bhd is 3.9% (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 IOI Properties Group Bhd (5249)?
The operating margin of IOI Properties Group Bhd is 57.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IOI Properties Group Bhd (5249)?
Revenue at IOI Properties Group Bhd is growing +55.8% versus a year earlier (3y avg +31.6%). 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 IOI Properties Group Bhd (5249)?
Earnings per share at IOI Properties Group Bhd are growing −36.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does IOI Properties Group Bhd (5249) carry?
The net debt of IOI Properties Group Bhd is 23.3B MYR (fiscal year 2026, ≈ 18.5 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