Iskandar Waterfront City Bhd (1589) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Iskandar Waterfront City Bhd MYR 0.19, price MYR 0.21, upside -7.3%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 0.1950 MYR – 0.9650 MYR · fair‑value band 0.1500 MYR – 0.2400 MYR · the 0.2050 MYR price screens above the 0.1900 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Iskandar Waterfront City Berhad, an investment holding company, engages in the property development and construction business in Malaysia. The company develops residential and commercial properties. It also constructs infrastructure projects and buildings, as well as holds properties.
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Iskandar Waterfront City Berhad, an investment holding company, engages in the property development and construction business in Malaysia. The company develops residential and commercial properties. It also constructs infrastructure projects and buildings, as well as holds properties. The company was formerly known as Tebrau Teguh Berhad and changed its name to Iskandar Waterfront City Berhad in July 2014. Iskandar Waterfront City Berhad was incorporated in 1968 and is based in Johor Bahru, Malaysia.
Stock analysis
Iskandar Waterfront City Bhd (1589) currently trades at 0.2050 MYR, while our model-based Fair Value estimate is 0.1900 MYR, implying the stock looks roughly 7.9% fairly valued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.5100 MYR per share, and 3 of the 7 models we run sit above the 0.2050 MYR price.
Bear case: the Multiples group reads lowest at 0.1600 MYR, and 4 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1500 MYR (bear) to 0.2400 MYR (bull), the price of 0.2050 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 54/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Iskandar Waterfront City Bhd reported revenue of 43.4M MYR in FY2025 versus 18.0M MYR in FY2021, a compound +24.6%/yr. Reported net income was −18.3M MYR in FY2025.
Key figures
Market cap 212M MYR (≈ $52.0M) · P/S ratio 5.55 · EPS (TTM) −0.0200 MYR · Net margin −42.1% · Return on equity −2.6% · Return on assets (EBIT) −0.6% · Operating margin −119% · Revenue (TTM) 38.2M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −7%, 1589 screens richer than that median.
Fair Value models
Bear 0.1500 MYRFair Value 0.1900 MYRBull 0.2400 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.15/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−57.3%
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.
−22.2%
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.
−16.7%
Start year 2020 (pandemic). Over 10 years: −13.4% 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.
−10.4%
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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.
20.8% (2020) → −28.6% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+26.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +23.9% a year for the price.
Compare Iskandar Waterfront City Bhd with another stock
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 - Development · 578 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Top 25%
Fair Value upside−7% · Below median
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−49% · Bottom 25%
Operating margin (TTM)−119% · Bottom 25%
Growth and dividend
Revenue growth−72% · Bottom 25%
Valuation Multiplesvs Real Estate - Development 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). "Iskandar Waterfront City Bhd Fair Value". https://www.fairvalue-calculator.com/stock/1589
Frequently asked questions
Is Iskandar Waterfront City Bhd (1589) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.1900 MYR versus a price of 0.2050 MYR, about −7% upside (fairly valued).
What is the fair value of 1589?
Our model-based fair value for Iskandar Waterfront City Bhd is 0.1900 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.2050 MYR.
What is the quality score of 1589?
Iskandar Waterfront City Bhd has a Quality Score of 54/100. 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 Iskandar Waterfront City Bhd (1589)?
Our model-based price target is the fair value of 0.1900 MYR (as of Sep 23, 2026) from 7 valuation models. Cautious scenario 0.1500 MYR, optimistic scenario 0.2400 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Iskandar Waterfront City Bhd stock forecast for 2026?
Our models put fair value at 0.1900 MYR, about −7% upside versus a price of 0.2050 MYR (fairly valued). Cautious scenario 0.1500 MYR, optimistic scenario 0.2400 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Iskandar Waterfront City Bhd (1589)?
Iskandar Waterfront City Bhd reported trailing-twelve-month revenue of about 38.2M MYR (latest available figure, as of Sep 23, 2026).
What growth is priced into Iskandar Waterfront City Bhd (1589)?
For today's price to be fair in a discounted-cash-flow model, Iskandar Waterfront City Bhd would have to grow free cash flow by +26.3 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -16.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 1589 use?
Our models discount Iskandar Waterfront City Bhd at 12.6 %: a base by market capitalisation (micro), damped by beta 0.59, 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 Iskandar Waterfront City Bhd that is +26.3 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Iskandar Waterfront City Bhd (1589) delivered so far?
Over the past 5 years revenue at Iskandar Waterfront City Bhd grew -16.7 % a year. The price currently implies +26.3 % per year free-cash-flow growth a 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 Iskandar Waterfront City Bhd (1589) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Iskandar Waterfront City Bhd (+26.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Iskandar Waterfront City Bhd (1589)?
The free-cash-flow yield on the price is 3.96 %: that much free cash flow Iskandar Waterfront City Bhd produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iskandar Waterfront City Bhd (1589)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iskandar Waterfront City Bhd it is 0.1900 MYR per share (as of Sep 23, 2026), against a price of 0.2050 MYR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Iskandar Waterfront City Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 1589 trades above its calculated fair value: price 0.2050 MYR, fair value 0.1900 MYR, a gap of about −7% (fairly valued). 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 1589?
No. The price is what the market pays today (0.2050 MYR); the fair value is what the company's own numbers justify (0.1900 MYR). For Iskandar Waterfront City Bhd the two are 0.0150 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Iskandar Waterfront City Bhd worth?
The market values Iskandar Waterfront City Bhd at about 212M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.2050 MYR; our models calculate a fair value of 0.1900 MYR per share.
What do the bullish and bearish scenarios say about 1589?
Our models span a range for Iskandar Waterfront City Bhd: cautious scenario 0.1500 MYR, base 0.1900 MYR, optimistic 0.2400 MYR per share (as of Sep 23, 2026, price 0.2050 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iskandar Waterfront City Bhd (1589)?
Balance-sheet figures for Iskandar Waterfront City Bhd (as of Sep 23, 2026): return on equity −2.6%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 1589 from its 52-week high?
Iskandar Waterfront City Bhd trades at 0.2050 MYR, about 41% below its 52-week high of 0.3450 MYR and 5% above the low of 0.1950 MYR (as of Sep 24, 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 Iskandar Waterfront City Bhd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Iskandar Waterfront City Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.2050 MYR, calculated fair value 0.1900 MYR (−7%), Quality Score 54/100, 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 1589 calculated?
We run Iskandar Waterfront City Bhd through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.1900 MYR, 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 14.0 % above its aggregate fair value. Iskandar Waterfront City 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 Iskandar Waterfront City Bhd (1589)?
The closing price on Sep 24, 2026 was 0.2050 MYR. Our model-based fair value is 0.1900 MYR, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iskandar Waterfront City Bhd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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.
Key figures of Iskandar Waterfront City Bhd
How large is the market capitalisation of Iskandar Waterfront City Bhd (1589)?
The market capitalisation of Iskandar Waterfront City Bhd is 212M MYR (≈ $52.0M). 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 Iskandar Waterfront City Bhd (1589)?
The price-to-sales ratio of Iskandar Waterfront City Bhd is 5.55 (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 Iskandar Waterfront City Bhd (1589)?
Earnings per share at Iskandar Waterfront City Bhd are −0.0200 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Iskandar Waterfront City Bhd (1589)?
The net margin of Iskandar Waterfront City Bhd is −42.1% (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 Iskandar Waterfront City Bhd (1589)?
The return on equity (ROE) of Iskandar Waterfront City Bhd is −2.6% (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 Iskandar Waterfront City Bhd (1589)?
On an EBIT basis the return on assets of Iskandar Waterfront City Bhd is −0.6% (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 Iskandar Waterfront City Bhd (1589)?
The operating margin of Iskandar Waterfront City Bhd is −119% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iskandar Waterfront City Bhd (1589)?
Revenue at Iskandar Waterfront City Bhd is growing −71.9% versus a year earlier (3y avg −22.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Iskandar Waterfront City Bhd (1589) carry?
The net debt of Iskandar Waterfront City Bhd is 59.4M MYR (fiscal year 2025, ≈ 7.9 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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