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Menang Corporation (1694) Fair Value & Analysis

Real Estate · MY · Market cap 494M MYR

MC Menang Corporation 1694 · KLSE
Price0.6500 MYR
Fair Value0.6120 MYR
Upside-5.9%
Quality51/100
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Weak Growth
Highly profitable · 24.2% net margin
Low debt · generates free cash flow
5.56% dividend yield
Ranks above peers (10/14)
Wide moat 65/100
Evidence: High Range 0.4335 MYR – 0.8415 MYR Share as image

Fair value as of: Jul 11, 2026

From 15 valuation models · updated 30 days ago

Share price −8.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.4335 MYR to 0.8415 MYR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

0.9300 MYR 0.3366 MYR Fair Value 0.6120 MYR Oct 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 0.3366 MYR – 0.9300 MYR · fair‑value band 0.4335 MYR – 0.8415 MYR · the 0.6500 MYR price screens above the 0.6120 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Menang Corporation (1694) currently trades at 0.6500 MYR, while our model-based Fair Value estimate is 0.6120 MYR, implying the stock looks roughly 5.9% fairly valued today. The Quality Score stands at 51/100 (solid 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, Menang Corporation generated revenue of 86.7M MYR at a net margin of 24.2%. Revenue declined 3.7% year over year. It earns a return on equity of 5.6%. Net debt stands at 128M MYR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 0.4335 MYR (bear case) to 0.8415 MYR (bull case); at 0.6500 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 about 5% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -6%, 1694 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
Growth DCF 0.9800 MYR 1.25 MYR 1.70 MYR 80
Residual Income 0.4900 MYR 0.4900 MYR 0.4400 MYR 76
Gordon GGM 0.4600 MYR 0.5300 MYR 0.6000 MYR 70
All 15 models by family
DCF Models
FCF DCF 0.9500 MYR 1.23 MYR 1.74 MYR 38
5Y Revenue Exit 0.6900 MYR 0.9500 MYR 1.34 MYR 39
5Y EBITDA Exit 0.8900 MYR 1.29 MYR 1.83 MYR 41
10Y Revenue Exit 0.7800 MYR 1.00 MYR 1.24 MYR 36
10Y EBITDA Exit 0.9100 MYR 1.20 MYR 1.52 MYR 37
Dividend Discount
Gordon GGM 0.4600 MYR 0.5300 MYR 0.6000 MYR 70
DDM Multi-Stage 0.4600 MYR 0.5800 MYR 0.7100 MYR 61
Multiples
P/S Multiple 0.4000 MYR 0.5300 MYR 0.6700 MYR 58
P/B Multiple 0.4000 MYR 0.5300 MYR 0.6700 MYR 55
EV/EBIT 1.31 MYR 1.78 MYR 2.24 MYR 53
EV/EBITDA 1.00 MYR 1.36 MYR 1.72 MYR 54
EV/Revenue 0.5500 MYR 0.8200 MYR 1.09 MYR 43
Asset-Based
NCAV (Graham) 0.3400 MYR 0.4600 MYR 0.6800 MYR 50
Growth DCF
Growth DCF 0.9800 MYR 1.25 MYR 1.70 MYR 80
Economic Profit
Residual Income 0.4900 MYR 0.4900 MYR 0.4400 MYR 76

Widest divergence: Growth DCF (1.25 MYR) versus Asset-Based (0.4600 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 86.7M MYR
Revenue growth (YoY) -3.7%
Net margin 24.2%
Return on equity 5.6%
Free cash flow 86.5M MYR FY2025
P/E ratio 23.7
More key figures
Operating margin 57.1%
EPS (TTM) 0.0300 MYR
Dividend yield 5.6%
EPS growth (YoY) -8.6%
Net debt 128M MYR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 54

Profitability 34
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 0
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

Menang Corporation (M) Berhad, an investment holding company, engages in the property development, investment, and construction activities in Malaysia. The company operates through three segments: Property Development, Investment Holding, and Concession Arrangements. It develops residential and commercial properties.

Full company description

Menang Corporation (M) Berhad, an investment holding company, engages in the property development, investment, and construction activities in Malaysia. The company operates through three segments: Property Development, Investment Holding, and Concession Arrangements. It develops residential and commercial properties. The company is also involved in the provision of management services; and construction and maintenance of facilities and infrastructure. In addition, it engages in landscaping and turf farming activities, as well as provision of accommodation, space and facilities in camping sites, and renting of sports equipment. The company was incorporated in 1964 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Menang Corporation reported revenue of 89.7M MYR in FY2025 versus 88.3M MYR in FY2021, a compound +0.4%/yr. Reported net income was 21.9M MYR in FY2025, compounding +32.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
89.7M MYR
Latest YoY
−6.3%
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.
+0.7%
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.
+0.0%
Avg. growth/yr (13Y) 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.
−3.9%
Revenue +0.4%/yr
FY21 88.3M MYR
FY22 87.8M MYR
FY23 88.5M MYR
FY24 95.7M MYR
FY25 89.7M MYR
Net income +32.2%/yr
FY21 7.2M MYR
FY22 12.1M MYR
FY23 17.3M MYR
FY24 26.1M MYR
FY25 21.9M MYR

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Cite: Fair Value Calculator (2026). "Menang Corporation Fair Value". https://www.fairvalue-calculator.com/stock/1694

Peer Group

Real Estate Services · 520 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 53 · Below median
Fair Value upside −6% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 24% · Above median
Operating margin (TTM) 57% · Top 25%
Revenue growth -4% · Below median
Dividend yield (TTM) 5.6% · Top 25%
Debt / equity 0.27× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 23.7× · Pricier than 75% of peers
P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 1.39× · Cheaper than median
P/FCF 1.4× · Cheaper than median
EV/EBITDA 3.2× · 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 26 · sector 37
FUTURE 0 · sector 10
PAST 23 · sector 16
HEALTH 87 · sector 85
DIVIDEND 100 · sector 49

Insider activity: 40/100

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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Menang Corporation (1694) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 0.6120 MYR versus a price of 0.6500 MYR, about −6% (fairly valued).
What is the fair value of 1694?
Our model-based fair value for Menang Corporation is 0.6120 MYR (as of Jul 11, 2026), built from audited fundamentals. The current price is 0.6500 MYR.
What is the quality score of 1694?
Menang Corporation has a Quality Score of 51/100. 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 Menang Corporation (1694)?
Menang Corporation reported trailing-twelve-month revenue of about 86.7M MYR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 1694?
The net profit margin of Menang Corporation is about 24.2%, meaning it keeps roughly 24.2% of revenue as net income. Based on the latest reported figures.
Does Menang Corporation pay a dividend?
Menang Corporation currently shows a dividend yield of about 5.88% relative to its recent price (as of Jul 11, 2026).

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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