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Bina Puri Holdings Bhd (5932) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Bina Puri Holdings Bhd stock MYR 0.07, price MYR 0.22, that is 68.2% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials MY · ISIN MYL5932OO008

BP Bina Puri Holdings Bhd logo Thin data Nov 9, 2026

Bina Puri Holdings Bhd

5932 · KLSE
Very expensive, weak quality

Our calculation puts a fair price 68% below what the stock costs today.

Expensive Growth (revenue 5y +5.8 %/yr in MYR)
Revenue last quarter 66% below a year ago.
Fair value 0.0700 MYR · Strongly overvalued
Quality 29/100
Loss-making · -23.3% net margin (TTM)
High debt
Negative free cash flow
Trails peers (1/9)
Narrow moat 10/100 · thin data
Thin data
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Price vs Fair Value

0.4800 MYR 0.1250 MYR Fair Value 0.0700 MYR Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 0.1250 MYR – 0.4800 MYR · fair‑value band 0.0500 MYR – 0.1100 MYR · the 0.2200 MYR price screens above the 0.0700 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.

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Company profile

Bina Puri Holdings Bhd, an investment holding company, engages in the construction and property development businesses in Malaysia and other Asian countries. The company operates through Construction, Property Development, Quarry, and Power Supply segments.

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It constructs roads and highways, earthworks, roadpavings, buildings, bridges, interchanges, waterworks, and land reclamation projects; builds motorways; and commercial buildings, educational institutions, hotels, hospitals, government complexes, and residential projects.

The company is also involved in quarry operations; management of properties; generation and supply of electricity through hydroelectricity and diesel-generated power plants; manufacture of polyol; production of ready-mix concrete; provision of project management consultancy services, as well as operation of Swiss-Belhotel Kuantan and Rimbun Suites and Residences in Brunei; and rental of service apartments.

In addition, it operates a concessionaire for KL-Kuala Selangor Expressway, which comprises 33km toll expressway; and acts as a commission agent. The company was founded in 1975 and is based in Kuching, Malaysia.

Stock analysis

Bina Puri Holdings Bhd (5932) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.0700 MYR, 68% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: 0.0500 MYR (bear) to 0.1100 MYR (bull), the price of 0.2200 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 29/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Bina Puri Holdings Bhd reported revenue of 381M MYR in FY2025 versus 235M MYR in FY2021, a compound +12.8%/yr. Reported net income was −58.5M MYR in FY2025.

Key figures

Market cap 196M MYR (≈ $48.4M) Micro · P/S ratio 0.84 · EPS (TTM) −0.0800 MYR · Net margin −23.3% · Return on equity −5,276% · Return on assets (EBIT) −1.0% (5-year average) · Operating margin −75.1% · Revenue (TTM) 239M MYR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 35% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −68%, 5932 screens richer than that median.

Fair Value models

Bear 0.0500 MYR Fair Value 0.0700 MYR Bull 0.1100 MYR
Price 0.2200 MYR · Downside -68.2%
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.
Best data coverage
NCAV (Graham) 0.0500 MYR 0.0700 MYR 0.1100 MYR 53
All 1 models by family
Asset-Based
NCAV (Graham) 0.0500 MYR 0.0700 MYR 0.1100 MYR 53

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 9
How much profit the company makes from its sales and capital
Quality Growth 42
Are margins and returns getting better?
Cashflow 13
Do the profits arrive as real cash?
Financial strength 1
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 76
How calm the share price moves, does not count
Price momentum 15
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 25/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+36.5%
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.
+58.9%
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.
+5.8%
Start year 2020 (pandemic). Over 10 years: −11.1% 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.
−8.9%
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.
−9.5% (2020) → 0.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

5932 screens overvalued: fair value 68% below the price. Compare with Quanta Services, Inc →

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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.Engineering & Construction · 791 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −68.2% · Bottom 25%
Profitability
Return on assets −7.1% · Bottom 25%
Net margin (12 months) −23.3% · Bottom 25%
Operating margin (12 months) −75.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −66.4% · Bottom 25%
Balance sheet
Debt / equity 1.99× · Highest 25%

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/B 2.08× · Pricier than median
P/S (12 months) 0.82× · Cheaper than median

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vinci SA DG €111.60 €186.68 +67% vs 5932
Comfort Systems USA, Inc FIX $1,018 $1,119 +10% vs 5932
EMCOR Group EME $608.45 $524.14 −14% vs 5932
ACS, Actividades de Construcción y Servicios, S.A ACS €87.00 €62.21 −28% vs 5932
Samsung C&T Corporation 028260 273,500 KRW 159,702 KRW −42% vs 5932
Larsen & Toubro Limited LT ₹4,118 ₹2,302 −44% vs 5932
HOCHTIEF Aktiengesellschaft HOT €365.60 €203.86 −44% vs 5932
APi Group APG $40.87 $19.20 −53% vs 5932
Ferrovial N.V FER $58.71 $23.06 −61% vs 5932
Quanta Services, Inc PWR $540.90 $162.41 −70% vs 5932

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Bina Puri Holdings Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bina Puri Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5932

Frequently asked questions

Is Bina Puri Holdings Bhd (5932) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 0.0700 MYR versus a price of 0.2200 MYR, about 68% lower (overvalued).
What is the fair value of 5932?
Our model-based fair value for Bina Puri Holdings Bhd is 0.0700 MYR (as of Nov 9, 2026), built from audited fundamentals. The current price: 0.2200 MYR.
What is the quality score of 5932?
Bina Puri Holdings Bhd has a Quality Score of 29/100. 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 Bina Puri Holdings Bhd (5932)?
Our model-based price target is the fair value of 0.0700 MYR (as of Nov 9, 2026) from 1 valuation models. Cautious scenario 0.0500 MYR, optimistic scenario 0.1100 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bina Puri Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0700 MYR, about 68% lower versus a price of 0.2200 MYR (overvalued). Cautious scenario 0.0500 MYR, optimistic scenario 0.1100 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Bina Puri Holdings Bhd (5932)?
Bina Puri Holdings Bhd reported trailing-twelve-month revenue of about 239M MYR (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Bina Puri Holdings Bhd (5932)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bina Puri Holdings Bhd it is 0.0700 MYR per share (as of Nov 9, 2026), against a price of 0.2200 MYR. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Bina Puri Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 5932 trades above its calculated fair value: price 0.2200 MYR, fair value 0.0700 MYR, a gap of about −68% (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 5932?
No. The price is what the market pays today (0.2200 MYR); the fair value is what the company's own numbers justify (0.0700 MYR). For Bina Puri Holdings Bhd the two are 0.1500 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bina Puri Holdings Bhd worth?
The market values Bina Puri Holdings Bhd at about 196M MYR (market capitalisation, as of Nov 9, 2026). Per share that is 0.2200 MYR; our models calculate a fair value of 0.0700 MYR per share.
What do the bullish and bearish scenarios say about 5932?
Our models span a range for Bina Puri Holdings Bhd: cautious scenario 0.0500 MYR, base 0.0700 MYR, optimistic 0.1100 MYR per share (as of Nov 9, 2026, price 0.2200 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bina Puri Holdings Bhd (5932)?
Balance-sheet figures for Bina Puri Holdings Bhd (as of Nov 9, 2026): debt of 1.99 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 5932 from its 52-week high?
Bina Puri Holdings Bhd trades at 0.2200 MYR, about 35% below its 52-week high of 0.3400 MYR and 2% above the low of 0.2150 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0700 MYR is for.
Which stocks are comparable to Bina Puri Holdings Bhd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Bina Puri Holdings Bhd stock attractive at the current price?
The data as of Nov 9, 2026: price 0.2200 MYR, calculated fair value 0.0700 MYR (−68%), Quality Score 29/100, from 1 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 5932 calculated?
We run Bina Puri Holdings Bhd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 0.0700 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. Bina Puri Holdings Bhd 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 Bina Puri Holdings Bhd (5932)?
The closing price on Nov 6, 2026 was 0.2200 MYR. Our model-based fair value is 0.0700 MYR, about 68% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bina Puri Holdings Bhd right now?
The price sits above even our optimistic bull case (0.1100 MYR). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.0500 MYR to 0.1100 MYR) leaves room in how you read the outcome.

Key figures of Bina Puri Holdings Bhd

How large is the market capitalisation of Bina Puri Holdings Bhd (5932)?
The market capitalisation of Bina Puri Holdings Bhd is 196M MYR (≈ $48.4M). 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 Bina Puri Holdings Bhd (5932)?
The price-to-sales ratio of Bina Puri Holdings Bhd is 0.84 (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 Bina Puri Holdings Bhd (5932)?
Earnings per share at Bina Puri Holdings Bhd are −0.0800 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bina Puri Holdings Bhd (5932)?
The net margin of Bina Puri Holdings Bhd is −23.3% (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 Bina Puri Holdings Bhd (5932)?
The return on equity (ROE) of Bina Puri Holdings Bhd is −5,276% (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 Bina Puri Holdings Bhd (5932)?
On an EBIT basis the return on assets of Bina Puri Holdings Bhd is −1.0% (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 Bina Puri Holdings Bhd (5932)?
The operating margin of Bina Puri Holdings Bhd is −75.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bina Puri Holdings Bhd (5932)?
Revenue at Bina Puri Holdings Bhd is growing −66.4% versus a year earlier (3y avg +58.9%). 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 Bina Puri Holdings Bhd (5932)?
Earnings per share at Bina Puri Holdings Bhd are growing −88.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bina Puri Holdings Bhd (5932) generate?
The free cash flow of Bina Puri Holdings Bhd is −30.4M MYR (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bina Puri Holdings Bhd (5932) carry?
The net debt of Bina Puri Holdings Bhd is 316M MYR (fiscal year 2024). 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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