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Vestland Berhad, an investment holding company, (0273) Fair Value & Analysis

Real Estate · MY · Market cap 585M MYR

VB Vestland Berhad, an investment holding company, 0273 · KLSE
Price0.7100 MYR
Fair Value0.6300 MYR
Upside-11.3%
Quality38/100
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Expensive Growth
Thin margins · 4.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 43/100
Evidence: High Range 0.4700 MYR – 0.8400 MYR Share as image

Fair value as of: Jul 12, 2026

From 9 valuation models · updated 29 days ago

Share price +14.5% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from 0.4700 MYR (bear) to 0.8400 MYR (bull), base 0.6300 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (4 years)

0.7200 MYR 0.3100 MYR Fair Value 0.6300 MYR Jan 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

42‑month range 0.3100 MYR – 0.7200 MYR · fair‑value band 0.4700 MYR – 0.8400 MYR · the 0.7100 MYR price screens above the 0.6300 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Vestland Berhad, an investment holding company, (0273) currently trades at 0.7100 MYR, while our model-based Fair Value estimate is 0.6300 MYR, implying the stock looks roughly 11.3% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Vestland Berhad, an investment holding company, generated revenue of 825M MYR at a net margin of 4.3%. Revenue grew 26.7% year over year. It earns a return on equity of 16.2%. Net debt stands at 352M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.4700 MYR (bear case) to 0.8400 MYR (bull case); at 0.7100 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -11%, 0273 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income 0.2300 MYR 0.2900 MYR 0.8100 MYR 76
Gordon GGM 0.0200 MYR 0.0300 MYR 0.0500 MYR 70
DDM Multi-Stage 0.0200 MYR 0.0300 MYR 0.0400 MYR 61
All 9 models by family
Dividend Discount
Gordon GGM 0.0200 MYR 0.0300 MYR 0.0500 MYR 70
DDM Multi-Stage 0.0200 MYR 0.0300 MYR 0.0400 MYR 61
Multiples
P/S Multiple 0.4700 MYR 0.6300 MYR 0.7900 MYR 58
P/B Multiple 0.3600 MYR 0.4800 MYR 0.6000 MYR 55
EV/EBIT 1.19 MYR 1.58 MYR 1.98 MYR 53
EV/EBITDA 0.9600 MYR 1.28 MYR 1.61 MYR 54
EV/Revenue 0.6500 MYR 0.9400 MYR 1.22 MYR 43
Asset-Based
NCAV (Graham) 0.1200 MYR 0.1600 MYR 0.2400 MYR 50
Economic Profit
Residual Income 0.2300 MYR 0.2900 MYR 0.8100 MYR 76

Widest divergence: Multiples (0.9400 MYR) versus Dividend Discount (0.0300 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 825M MYR
Revenue growth (YoY) +26.7%
Net margin 4.3%
Return on equity 16.2%
Free cash flow −54.6M MYR FY2025
P/E ratio 14.0
More key figures
Operating margin 8.0%
EPS (TTM) 0.0400 MYR
EPS growth (YoY) +3.4%
Net debt 352M MYR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 34 · Market factors (momentum, volatility) 84

Profitability 40
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Vestland Berhad, an investment holding company, engages in the construction of residential and non-residential buildings for private and public sectors in Malaysia. It operates through Build, Design and Build, and Civil Engineering segments.

Full company description

Vestland Berhad, an investment holding company, engages in the construction of residential and non-residential buildings for private and public sectors in Malaysia. It operates through Build, Design and Build, and Civil Engineering segments. The company involved in the construction of nonresidential buildings, including mixed-use commercial buildings and offices, industrial buildings, service apartments, hostels and hotels; and residential buildings, such as apartments and landed residential buildings, as well as design and building activities of projects. It also engages in civil engineering works, including earthworks, such as site clearance, excavation, and backfilling; levelling, and rock hacking works; and slope stabilization works. Vestland Berhad was incorporated in 2011 and is headquartered in Shah Alam, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vestland Berhad, an investment holding company, reported revenue of 783M MYR in FY2025 versus 171M MYR in FY2021, a compound +46.3%/yr. Reported net income was 35.0M MYR in FY2025, compounding +34.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
783M MYR
Latest YoY
+25.1%
Avg. growth/yr (3Y) 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.
+37.1%
Avg. growth/yr (5Y) 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.
+51.8%
Revenue +46.3%/yr
FY21 171M MYR
FY22 304M MYR
FY23 349M MYR
FY24 626M MYR
FY25 783M MYR
Net income +34.7%/yr
FY21 10.6M MYR
FY22 25.1M MYR
FY23 27.8M MYR
FY24 38.5M MYR
FY25 35.0M MYR

0273 screens 11% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Vestland Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0273

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 37 · Bottom 25%
Fair Value upside −11% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth 27% · Above median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 15.5× · Pricier than median
P/B 0.63× · Pricier than median
P/S (TTM) 0.17× · Cheaper than 75% of peers
EV/EBITDA 2.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 48
FUTURE 100 · sector 0
PAST 65 · sector 10
HEALTH 97 · sector 84
DIVIDEND 0 · sector 38

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Vestland Berhad, an investment holding company, (0273) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.6300 MYR versus a price of 0.7100 MYR, about −11% (overvalued).
What is the fair value of 0273?
Our model-based fair value for Vestland Berhad, an investment holding company, is 0.6300 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.7100 MYR.
What is the quality score of 0273?
Vestland Berhad, an investment holding company, has a Quality Score of 38/100. 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 revenue of Vestland Berhad, an investment holding company, (0273)?
Vestland Berhad, an investment holding company, reported trailing-twelve-month revenue of about 825M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0273?
The net profit margin of Vestland Berhad, an investment holding company, is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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