Bertam Alliance Bhd (9814) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bertam Alliance Bhd stock MYR 0.19, price MYR 0.11, upside +72.7%, quality 37 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 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 0.0461 MYR – 0.3902 MYR · fair‑value band 0.1800 MYR – 0.2100 MYR · the 0.1100 MYR price screens below the 0.1900 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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Bertam Alliance Berhad, an investment holding company, engages in the development of residential, commercial, and mixed-development properties in Malaysia. The company operates through three segments: Property Development, Construction and Trading, and Corporate and Other.
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It is involved in general construction works and supply of building materials, as well as provides construction management services. The company was formerly known as UH Dove Holdings Berhad and changed its name to Bertam Alliance Berhad in January 2003.
Bertam Alliance Berhad was incorporated in 1994 and is based in Kota Kinabalu, Malaysia.
Stock analysis
Bertam Alliance Bhd (9814) currently trades at 0.1100 MYR, while our model-based Fair Value estimate is 0.1900 MYR, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.1900 MYR per share, and 2 of the 7 models we run sit above the 0.1100 MYR price.
Bear case: the Multiples group reads lowest at 0.0500 MYR, and 5 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1800 MYR (bear) to 0.2100 MYR (bull), the price of 0.1100 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 37/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bertam Alliance Bhd reported revenue of 25.2M MYR in FY2025 versus 3.5M MYR in FY2021, a compound +63.7%/yr. Reported net income was 1.2M MYR in FY2025.
Key figures
Market cap 53.2M MYR (≈ $13.1M) Micro · P/S ratio 2.16 · Net margin 4.8% · Return on equity 0.9% · Return on assets (EBIT) 0.1% (5-year average) · Operating margin 3.7% · Revenue (TTM) 28.0M MYR · Revenue growth (YoY) +50.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 73%, 9814 screens cheaper than that median.
Fair Value models
Bear0.1800 MYRFair Value 0.1900 MYRBull0.2100 MYR
Price 0.1100 MYR · Upside +72.7%
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.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−23.2%
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.
+5.3%
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.
+31.6%
Start year 2020 (pandemic). Over 10 years: −14.9% 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.
−3.7%
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What shareholders gained per year (last 3 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 3 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.
−57.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−57.0%
Dividend (yield on the price)0.0%
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.−638% → 7%
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 Services · 472 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+72.7% · Above median
Profitability
Return on equity (12 months)0.9% · Below median
Return on assets0.7% · Below median
Net margin (12 months)4.8% · Below median
Operating margin (12 months)3.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)50.3% · Top 25%
Valuation Multiplesvs Real Estate Services 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). "Bertam Alliance Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9814
Frequently asked questions
Is Bertam Alliance Bhd (9814) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 0.1900 MYR versus a price of 0.1100 MYR, about +73% upside (undervalued).
What is the fair value of 9814?
Our model-based fair value for Bertam Alliance Bhd is 0.1900 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 0.1100 MYR.
What is the quality score of 9814?
Bertam Alliance Bhd has a Quality Score of 37/100. 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 Bertam Alliance Bhd (9814)?
Our model-based price target is the fair value of 0.1900 MYR (as of Nov 7, 2026) from 7 valuation models. Cautious scenario 0.1800 MYR, optimistic scenario 0.2100 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Bertam Alliance Bhd stock forecast for 2026?
Our models put fair value at 0.1900 MYR, about +73% upside versus a price of 0.1100 MYR (undervalued). Cautious scenario 0.1800 MYR, optimistic scenario 0.2100 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Bertam Alliance Bhd (9814)?
Bertam Alliance Bhd reported trailing-twelve-month revenue of about 28.0M MYR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Bertam Alliance Bhd (9814)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bertam Alliance Bhd it is 0.1900 MYR per share (as of Nov 7, 2026), against a price of 0.1100 MYR. It is the blended result of 7 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Bertam Alliance Bhd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 9814 trades below its calculated fair value: price 0.1100 MYR, fair value 0.1900 MYR, a gap of about +73% (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 9814?
No. The price is what the market pays today (0.1100 MYR); the fair value is what the company's own numbers justify (0.1900 MYR). For Bertam Alliance Bhd the two are 0.0800 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bertam Alliance Bhd worth?
The market values Bertam Alliance Bhd at about 53.2M MYR (market capitalisation, as of Nov 7, 2026). Per share that is 0.1100 MYR; our models calculate a fair value of 0.1900 MYR per share.
What do the bullish and bearish scenarios say about 9814?
Our models span a range for Bertam Alliance Bhd: cautious scenario 0.1800 MYR, base 0.1900 MYR, optimistic 0.2100 MYR per share (as of Nov 7, 2026, price 0.1100 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bertam Alliance Bhd (9814)?
Balance-sheet figures for Bertam Alliance Bhd (as of Nov 7, 2026): return on equity 0.9%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 9814 from its 52-week high?
Bertam Alliance Bhd trades at 0.1100 MYR, about 21% below its 52-week high of 0.1400 MYR and 16% above the low of 0.0950 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1900 MYR is for.
Which stocks are comparable to Bertam Alliance Bhd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Bertam Alliance Bhd stock attractive at the current price?
The data as of Nov 7, 2026: price 0.1100 MYR, calculated fair value 0.1900 MYR (+73%), Quality Score 37/100, from 7 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 9814 calculated?
We run Bertam Alliance Bhd through 7 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.1900 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. Bertam Alliance Bhd currently trades 42% 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 Bertam Alliance Bhd (9814)?
The closing price on Nov 6, 2026 was 0.1100 MYR. Our model-based fair value is 0.1900 MYR, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bertam Alliance Bhd right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.1800 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 Bertam Alliance Bhd
How large is the market capitalisation of Bertam Alliance Bhd (9814)?
The market capitalisation of Bertam Alliance Bhd is 53.2M MYR (≈ $13.1M). 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 Bertam Alliance Bhd (9814)?
The price-to-sales ratio of Bertam Alliance Bhd is 2.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Bertam Alliance Bhd (9814)?
The net margin of Bertam Alliance Bhd is 4.8% (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 Bertam Alliance Bhd (9814)?
The return on equity (ROE) of Bertam Alliance Bhd is 0.9% (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 Bertam Alliance Bhd (9814)?
On an EBIT basis the return on assets of Bertam Alliance Bhd is 0.1% (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 Bertam Alliance Bhd (9814)?
The operating margin of Bertam Alliance Bhd is 3.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bertam Alliance Bhd (9814)?
Revenue at Bertam Alliance Bhd is growing +50.3% versus a year earlier (3y avg +5.3%). 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 Bertam Alliance Bhd (9814)?
Earnings per share at Bertam Alliance Bhd are growing +53.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bertam Alliance Bhd (9814) generate?
The free cash flow of Bertam Alliance Bhd is −2.0M 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 Bertam Alliance Bhd (9814) carry?
The net debt of Bertam Alliance Bhd is 7.8M 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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Thin data
Nov 7, 2026