ASPEN (GROUP) HOLDINGS LIMITED (1F3) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ASPEN (GROUP) HOLDINGS LIMITED S$0.02, price S$0.02, upside +22.0%, quality 52 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 29, 2026.
How to read this chart
60‑month range 0.0180 SGD – 0.1810 SGD · fair‑value band 0.0222 SGD – 0.0270 SGD · the 0.0200 SGD price screens below the 0.0244 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Aspen (Group) Holdings Limited, an investment holding company, engages in property development activities in Malaysia. It operates through Property Development and Others segments. The company develops residential and commercial properties. It also involved in the provision of management and IT services.
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Aspen (Group) Holdings Limited, an investment holding company, engages in property development activities in Malaysia. It operates through Property Development and Others segments. The company develops residential and commercial properties. It also involved in the provision of management and IT services. In addition, the company engages in the general construction business. Aspen (Group) Holdings Limited was founded in 2013 and is headquartered in George Town, Malaysia.
Stock analysis
ASPEN (GROUP) HOLDINGS LIMITED (1F3) currently trades at 0.0200 SGD, while our model-based Fair Value estimate is 0.0244 SGD, implying the stock looks roughly 18.0% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.1400 SGD per share, and 7 of the 7 models we run sit above the 0.0200 SGD price.
Bear case: the Asset-Based group reads lowest at 0.0600 SGD, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0222 SGD (bear) to 0.0270 SGD (bull), the price of 0.0200 SGD 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 52/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ASPEN (GROUP) HOLDINGS LIMITED reported revenue of 247M MYR in FY2024 versus 283M MYR in FY2020, a compound −3.3%/yr. Reported net income was 66.2M MYR in FY2024, compounding −1.8%/yr from FY2020.
Key figures
Market cap 31.4M SGD (≈ $24.5M) · P/S ratio 0.15 · Net margin 26.8% · Return on equity −4.7% · Return on assets (EBIT) 1.2% · Operating margin −2.2% · Revenue (TTM) 209M MYR · Revenue growth (YoY) −36.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 55% 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 6% fair-value upside, at 22%, 1F3 screens cheaper than that median.
Fair Value models
Bear 0.0222 SGDFair Value 0.0244 SGDBull 0.0270 SGD
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. 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.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.11/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.8%
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.
+10.1%
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.
−3.0%
Revenue growth 9 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.
+18.8%
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What shareholders gained per year (last 5 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 5 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.
+7.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.6%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘ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.15% → 31%
⚠ Revenue per share shrinking 15.3%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare ASPEN (GROUP) HOLDINGS LIMITED 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 · 566 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+22.0% · Below median
Profitability
Return on assets−4.6% · Bottom 25%
Net margin (TTM)−3.6% · Below median
Operating margin (TTM)−2.2% · Below median
Growth and dividend
Revenue growth−36.7% · Bottom 25%
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Is ASPEN (GROUP) HOLDINGS LIMITED (1F3) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of 0.0244 SGD versus a price of 0.0200 SGD, about +22% upside (undervalued).
What is the fair value of 1F3?
Our model-based fair value for ASPEN (GROUP) HOLDINGS LIMITED is 0.0244 SGD (as of Sep 29, 2026), built from audited fundamentals. The current price: 0.0200 SGD.
What is the quality score of 1F3?
ASPEN (GROUP) HOLDINGS LIMITED has a Quality Score of 52/100. 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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
Our model-based price target is the fair value of 0.0244 SGD (as of Sep 29, 2026) from 7 valuation models. Cautious scenario 0.0222 SGD, optimistic scenario 0.0270 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ASPEN (GROUP) HOLDINGS LIMITED stock forecast for 2026?
Our models put fair value at 0.0244 SGD, about +22% upside versus a price of 0.0200 SGD (undervalued). Cautious scenario 0.0222 SGD, optimistic scenario 0.0270 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
ASPEN (GROUP) HOLDINGS LIMITED reported trailing-twelve-month revenue of about 209M MYR (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ASPEN (GROUP) HOLDINGS LIMITED it is 0.0244 SGD per share (as of Sep 29, 2026), against a price of 0.0200 SGD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is ASPEN (GROUP) HOLDINGS LIMITED stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 1F3 trades below its calculated fair value: price 0.0200 SGD, fair value 0.0244 SGD, a gap of about +22% (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 1F3?
No. The price is what the market pays today (0.0200 SGD); the fair value is what the company's own numbers justify (0.0244 SGD). For ASPEN (GROUP) HOLDINGS LIMITED the two are 0.0044 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ASPEN (GROUP) HOLDINGS LIMITED worth?
The market values ASPEN (GROUP) HOLDINGS LIMITED at about 31.4M SGD (market capitalisation, as of Sep 29, 2026). Per share that is 0.0200 SGD; our models calculate a fair value of 0.0244 SGD per share.
What do the bullish and bearish scenarios say about 1F3?
Our models span a range for ASPEN (GROUP) HOLDINGS LIMITED: cautious scenario 0.0222 SGD, base 0.0244 SGD, optimistic 0.0270 SGD per share (as of Sep 29, 2026, price 0.0200 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
Balance-sheet figures for ASPEN (GROUP) HOLDINGS LIMITED (as of Sep 29, 2026): return on equity −4.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 1F3 from its 52-week high?
ASPEN (GROUP) HOLDINGS LIMITED trades at 0.0200 SGD, about 55% below its 52-week high of 0.0440 SGD and 5% above the low of 0.0190 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0244 SGD is for.
Which stocks are comparable to ASPEN (GROUP) HOLDINGS LIMITED?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, Hongkong Land 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 ASPEN (GROUP) HOLDINGS LIMITED stock attractive at the current price?
The data as of Sep 29, 2026: price 0.0200 SGD, calculated fair value 0.0244 SGD (+22%), Quality Score 52/100, 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 1F3 calculated?
We run ASPEN (GROUP) HOLDINGS LIMITED 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 0.0244 SGD, 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 14.5 % above its aggregate fair value. ASPEN (GROUP) HOLDINGS LIMITED currently trades 18 % 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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
The closing price on Oct 1, 2026 was 0.0200 SGD. Our model-based fair value is 0.0244 SGD, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ASPEN (GROUP) HOLDINGS LIMITED right now?
The price is below even our cautious bear case (0.0222 SGD). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. 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 ASPEN (GROUP) HOLDINGS LIMITED
How large is the market capitalisation of ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
The market capitalisation of ASPEN (GROUP) HOLDINGS LIMITED is 31.4M SGD (≈ $24.5M). 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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
The price-to-sales ratio of ASPEN (GROUP) HOLDINGS LIMITED is 0.15 (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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
The net margin of ASPEN (GROUP) HOLDINGS LIMITED is 26.8% (fiscal year 2024). 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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
The return on equity (ROE) of ASPEN (GROUP) HOLDINGS LIMITED is −4.7% (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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
On an EBIT basis the return on assets of ASPEN (GROUP) HOLDINGS LIMITED is 1.2% (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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
The operating margin of ASPEN (GROUP) HOLDINGS LIMITED is −2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
Revenue at ASPEN (GROUP) HOLDINGS LIMITED is growing −36.7% versus a year earlier (3y avg +10.1%). 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 ASPEN (GROUP) HOLDINGS LIMITED (1F3)?
Earnings per share at ASPEN (GROUP) HOLDINGS LIMITED are growing −28.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ASPEN (GROUP) HOLDINGS LIMITED (1F3) generate?
The free cash flow of ASPEN (GROUP) HOLDINGS LIMITED is −66.8M MYR (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ASPEN (GROUP) HOLDINGS LIMITED (1F3) carry?
The net debt of ASPEN (GROUP) HOLDINGS LIMITED is 47.5M MYR (fiscal year 2024). 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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