Selangor Dredging Berhad, an investment holding company, (2224) Fair Value & Analysis
Real Estate · MY · Market cap 185M MYR
Fair value as of: Jul 15, 2026
From 8 valuation models · updated 26 days ago
Fair value updated Jul 15, 2026, revised from 1.14 MYR to 1.15 MYR (+0.9%) since Jun 26, 2026. Share price +3.3% over the past month.
A solid business, screening 147% undervalued on our models.
What matters now
- The price is below even our cautious bear case (0.7140 MYR). The market is more pessimistic than our downside scenario.
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (0.7140 MYR to 1.59 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 0.3418 MYR – 0.8307 MYR · fair‑value band 0.7140 MYR – 1.59 MYR · the 0.4650 MYR price screens below the 1.15 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Selangor Dredging Berhad, an investment holding company, (2224) currently trades at 0.4650 MYR, while our model-based Fair Value estimate is 1.15 MYR, implying the stock looks roughly 147.3% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Selangor Dredging Berhad, an investment holding company, generated revenue of 174M MYR at a net margin of -23.6%. Revenue declined 49.3% year over year. It earns a return on equity of -4.9%. Net debt stands at 253M MYR. Fundamentals as of Jul 15, 2026
Our scenario range runs from 0.7140 MYR (bear case) to 1.59 MYR (bull case); at 0.4650 MYR, the current price sits below 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 15% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 147%, 2224 screens cheaper 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.
All 8 models by family
Widest divergence: Growth DCF (3.18 MYR) versus Dividend Discount (0.2600 MYR). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 49
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
Selangor Dredging Berhad, an investment holding company, engages in the property development business in Malaysia and Singapore. It operates through Property Investment, Hotel Operations, Investment Holding, Property Development, and Others segments.
Full company description
Selangor Dredging Berhad, an investment holding company, engages in the property development business in Malaysia and Singapore. It operates through Property Investment, Hotel Operations, Investment Holding, Property Development, and Others segments. The company is involved in the letting of commercial properties; operation of hotels and related services; and provision of property management and support services. It also engages in trading, installation, and franchising of energy efficient products; and operation of boutique urban resort hotel under the Hotel Maya Kuala Lumpur name. Selangor Dredging Berhad was incorporated in 1962 and is headquartered in Kuala Lumpur, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Selangor Dredging Berhad, an investment holding company, reported revenue of 174M MYR in FY2026 versus 98.5M MYR in FY2022, a compound +15.4%/yr. Reported net income was −41.2M MYR in FY2026.
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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.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 15, 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
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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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