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STOCK COMPARISON

Hektar Real Estate Investment Trust vs Simon Property Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hektar Real Estate Investment Trust (5121) and Simon Property Group (SPG) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Hektar Real Estate Investment Trust as the less overvalued of the two: Hektar Real Estate Investment Trust trades at MYR 0.52 versus a fair value of MYR 0.45 (-13%), while Simon Property Group trades at $205 versus $112 (-45%).
Hektar Real Estate Investment Trust
5121.KLSE · MYR · Real Estate
-13%
upside to fair value
overvalued
PriceMYR 0.52
Fair ValueMYR 0.45
Quality54/100
Simon Property Group
SPG · USD · Real Estate
-45%
upside to fair value
overvalued
Price$205
Fair Value$112
Quality57/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Hektar Real Estate Investment TrustSimon Property Group
Valuation
17.3×P/E (TTM)14.9×
26.0×P/E ex one-offs (FY2025)n/a
0.72×P/S (TTM)12.26×
0.12×P/B15.65×
15.0×EV/EBITDA22.2×
n/aPEG8.74×
−13.5%Fair value upside−45.4%
4.2%Dividend yield4.2%
MYR 0.02Dividend per share$8.65
Profitability
38%Operating margin43%
0.32×EBIT margin trend (5Y)1.17×
3%Return on equity114%
2%Return on assets6%
Growth
-1%Revenue growth (YoY)19%
2.0%Avg. growth/yr (3Y)6.3%
2.3%Avg. growth/yr (5Y)6.7%
+5.5%Value creation/yr+10.0%
Balance & size
0.8×Interest coverage (EBIT/interest)3.3×
0.79×Debt / equity5.46×
$90MMarket cap$82B
mixedGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.

Simon Property Group leads: 5 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Hektar Real Estate Investment Trustof which business quality 53 · market factors 78 Simon Property Groupof which business quality 54 · market factors 54
ProfitabilityMargins and returns on capital today
24
59
Quality GrowthAre margins and returns improving?
43
70
CashflowEarnings quality: real cash, not paper profit
100
77
Fin. StrengthBalance sheet, leverage, solvency risk
35
9
InvestmentDisciplined investing over empire-building
78
35
Low VolatilityCalm price path (market factor)
96
63
MomentumPrice trend over the last 3–12 months (market factor)
65
50
52W MomentumDistance to the 52-week high (market factor)
79
52
Net IssuanceShare count: buybacks or dilution?
40
83

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyHektar Real Estate Investment TrustPrice MYR 0.52Simon Property GroupPrice $205
DCF Modelsn/a-31%below the price$142
Dividend Discount-64%below the priceMYR 0.19-30%below the price$144
Multiples-13%close to the priceMYR 0.45-38%below the price$128
Asset-Based+35%above the priceMYR 0.70-95%below the price$10.76
Growth DCFn/a-50%below the price$102
Economic Profit+25%above the priceMYR 0.65-55%below the price$92.53
Minimum-64%below the priceMYR 0.19-95%below the price$10.76
Maximum+35%above the priceMYR 0.70-30%below the price$144
Median+6%close to the priceMYR 0.55-44%below the price$115
Geometric mean-15%below the priceMYR 0.44-61%below the price$80.20

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Hektar Real Estate Investment Trust: 4 of 6 models see the stock below the current price.

Simon Property Group: 16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Hektar Real Estate Investment Trust
Price MYR 0.52
Fair Value MYR 0.45
Bear MYR 0.34Bull MYR 0.45
Simon Property Group
Price $205
Fair Value $112
Bear $61.87Bull $194

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Hektar Real Estate Investment Trust · Real Estate

Quality score54 · above median
Fair value upside-13% · below median

Simon Property Group · Real Estate

Quality score57 · above median
Fair value upside-45% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Hektar Real Estate Investment Trust as the less overvalued of the two: Hektar Real Estate Investment Trust trades at MYR 0.52 versus a fair value of MYR 0.45 (-13%), while Simon Property Group trades at $205 versus $112 (-45%).

Simon Property Group has the higher quality score (57/100).

Open Hektar Real Estate Investment Trust live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.