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AYER Holdings (2305) Fair Value & Analysis

Real Estate · MY · Market cap 533M MYR

AH AYER Holdings 2305 · KLSE
Price7.12 MYR
Fair Value13.58 MYR
Upside+90.7%
Quality97/100
Evidence: High Range 9.28 MYR – 17.60 MYR

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price −3.4% over the past month.

Price vs Fair Value (12 months)

7.85 MYR 6.27 MYR Fair Value 13.58 MYR Mar 2024 Jun 2026

12‑month range 6.27 MYR – 7.85 MYR · fair‑value band 9.28 MYR – 17.60 MYR · the 7.12 MYR price screens below the 13.58 MYR fair value. As of Jun 26, 2026.

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Analysis

AYER Holdings (2305) currently trades at 7.12 MYR, while our model-based Fair Value estimate is 13.58 MYR — implying the stock looks roughly 90.7% undervalued today. We read business quality at 97/100 (high 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: high) — always confirm before acting.

Over the trailing twelve months, AYER Holdings generated revenue of 171M MYR at a net margin of 33.4%. Revenue grew 104.2% year over year. It earns a return on equity of 9.2%. The stock trades on a trailing P/E of 8.0. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 171M MYR
Revenue growth (YoY) +104%
Net margin 33.4%
Return on equity 9.2%
Free cash flow 41.0M MYR FY2026
P/E ratio 8.0
More key figures
Operating margin 45.5%
EPS (TTM) 0.8900 MYR
EPS growth (YoY) +83.1%

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

AYER Holdings Berhad engages in property development, plantation, and other businesses in Malaysia. It develops residential and commercial properties; and cultivates of oil palm and durian, as well as provides investment, management, and project management services. The company was formerly known as TAHPS Group Berhad and changed its name to AYER Holdings Berhad in December 2017. AYER Holdings Berhad was incorporated in 1907 and is based in Kuala Lumpur, Malaysia.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AYER Holdings reported revenue of 171M MYR in FY2026 versus 75.9M MYR in FY2022, a compound +22.5%/yr. Reported net income was 57.1M MYR in FY2026, compounding +34.3%/yr from FY2022.

Revenue +22.5%/yr
FY22 75.9M MYR
FY23 107M MYR
FY24 135M MYR
FY25 108M MYR
FY26 171M MYR
Net income +34.3%/yr
FY22 17.6M MYR
FY23 35.3M MYR
FY24 43.6M MYR
FY25 36.9M MYR
FY26 57.1M MYR

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Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 155,400 VND 148,549 VND -4%
DLF Limited DLF ₹627.60 ₹215.17 -66%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,150 IDR 1,330 IDR -78%
Lodha Developers Limited LODHA ₹926.65 ₹774.29 -16%
Oberoi Realty Limited OBEROIRLTY ₹1,592 ₹1,400 -12%
Godrej Properties Limited GODREJPROP ₹1,799 ₹1,034 -43%

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Frequently asked questions

Is AYER Holdings (2305) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 13.58 MYR versus a price of 7.12 MYR — about +91% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 2305?
Our 21-model fair value for AYER Holdings is 13.58 MYR (as of Jun 26, 2026), built from audited fundamentals. The current price is 7.12 MYR.
What is the quality score of 2305?
AYER Holdings has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of AYER Holdings (2305)?
AYER Holdings reported trailing-twelve-month revenue of about 171M MYR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of 2305?
The net profit margin of AYER Holdings is about 33.4%, meaning it keeps roughly 33.4% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.