Tanco Holdings Bhd (2429) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tanco Holdings Bhd MYR 0.03, price MYR 0.17, upside -79.4%, quality 22 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Tanco Holdings Berhad, an investment holding company, engages in the property development business primarily in Malaysia. It operates through Property Development/Management; Resorts and Club Operation/Management; Construction and Installation; Investment Holding; and Business Consulting Services segments.
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Tanco Holdings Berhad, an investment holding company, engages in the property development business primarily in Malaysia. It operates through Property Development/Management; Resorts and Club Operation/Management; Construction and Installation; Investment Holding; and Business Consulting Services segments. The company invests, develops, constructs, and manages properties; operates and manages resorts, and golf and marina clubs; operates vacation ownership interval and point based schemes; and acts as a general agent. It also involved in contracting and building works; general trading; trading of construction materials; research and sale of pharmaceutical products; and money lending businesses. In addition, the company provides consultancy services; develops ports; services in relation to Malaysia My Second Home program; port operations, carrier haulage and transportation, and logistics; interior design, furnishing, and renovation works. Further, it engages in operation of electricity generating facilities; and transmission, distribution, and sales of electricity, as well as construction of power plant. The company was formerly known as Jeram Kuantan (Malaya) Berhad and changed its name to Tanco Holdings Berhad in June 1997. Tanco Holdings Berhad was incorporated in 1958 and is based in Puchong, Malaysia.
Stock analysis
Tanco Holdings Bhd (2429) currently trades at 0.1650 MYR, while our model-based Fair Value estimate is 0.0340 MYR, implying the stock looks roughly 385.2% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.0400 MYR per share, and 0 of the 7 models we run sit above the 0.1650 MYR price.
Bear case: the Multiples group reads lowest at 0.0400 MYR, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 22/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tanco Holdings Bhd reported revenue of 128M MYR in FY2025 versus 4.4M MYR in FY2021, a compound +132.1%/yr. Reported net income was 7.9M MYR in FY2025.
Key figures
Market cap 1.4B MYR (≈ $355M) · P/S ratio 9.36 · Net margin 6.1% · Return on equity 3.4% · Return on assets (EBIT) 0.6% · Operating margin 5.2% · Revenue (TTM) 154M MYR · Revenue growth (YoY) −9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 91% below its 52-week high and 27% above its 52-week low.
For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at −79%, 2429 screens richer than that median.
Fair Value models
Bear 0.0340 MYRFair Value 0.0340 MYRBull 0.0340 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+239.8%
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.
+124.5%
Revenue growth 12 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.
+19.7%
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What shareholders gained per year (last 3 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 3 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.
−46.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−46.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−399% → 13%
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 - Diversified · 132 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside−79% · Bottom 25%
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Above median
Net margin (TTM)6% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−9% · Bottom 25%
Balance sheet
Debt / equity0.05× · Lowest 25%
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
P/B1.00× · Pricier than median
P/S (TTM)2.30× · Pricier than median
EV/EBITDA15.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)0· sector 31
PAST (return on equity)14· sector 20
HEALTH (low debt)98· sector 75
DIVIDEND (yield)0· sector 55
VALUE 0: the price sits above our fair-value range.
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). "Tanco Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/2429
Frequently asked questions
Is Tanco Holdings Bhd (2429) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.0340 MYR versus a price of 0.1650 MYR, about −79% upside (overvalued).
What is the fair value of 2429?
Our model-based fair value for Tanco Holdings Bhd is 0.0340 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.1650 MYR.
What is the quality score of 2429?
Tanco Holdings Bhd has a Quality Score of 22/100. 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 Tanco Holdings Bhd (2429)?
Our model-based price target is the fair value of 0.0340 MYR (as of Sep 23, 2026) from 7 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Tanco Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0340 MYR, about −79% upside versus a price of 0.1650 MYR (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Tanco Holdings Bhd (2429)?
Tanco Holdings Bhd reported trailing-twelve-month revenue of about 154M MYR (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Tanco Holdings Bhd (2429)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tanco Holdings Bhd it is 0.0340 MYR per share (as of Sep 23, 2026), against a price of 0.1650 MYR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Tanco Holdings Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 2429 trades above its calculated fair value: price 0.1650 MYR, fair value 0.0340 MYR, a gap of about −79% (overvalued). 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 2429?
No. The price is what the market pays today (0.1650 MYR); the fair value is what the company's own numbers justify (0.0340 MYR). For Tanco Holdings Bhd the two are 0.1310 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tanco Holdings Bhd worth?
The market values Tanco Holdings Bhd at about 1.4B MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.1650 MYR; our models calculate a fair value of 0.0340 MYR per share.
How solid is the balance sheet of Tanco Holdings Bhd (2429)?
Balance-sheet figures for Tanco Holdings Bhd (as of Sep 23, 2026): return on equity 3.4%, debt of 0.05 per unit of equity. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is 2429 from its 52-week high?
Tanco Holdings Bhd trades at 0.1650 MYR, about 91% below its 52-week high of 1.76 MYR and 27% above the low of 0.1300 MYR (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0340 MYR is for.
Which stocks are comparable to Tanco Holdings Bhd?
From the same area (Real Estate) we also value Swiss Prime Site AG, Central Pattana Public Company, Prestige Estates Projects Limited, The Phoenix Mills Limited, 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 Tanco Holdings Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.1650 MYR, calculated fair value 0.0340 MYR (−79%), Quality Score 22/100, 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 2429 calculated?
We run Tanco Holdings 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 0.0340 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 14.1 % above its aggregate fair value. Tanco Holdings 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 Tanco Holdings Bhd (2429)?
The closing price on Sep 23, 2026 was 0.1650 MYR. Our model-based fair value is 0.0340 MYR, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tanco Holdings Bhd right now?
The price sits above even our optimistic bull case (0.0340 MYR). The favourable scenario is already priced in. Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Tanco Holdings Bhd
How large is the market capitalisation of Tanco Holdings Bhd (2429)?
The market capitalisation of Tanco Holdings Bhd is 1.4B MYR (≈ $355M). 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 Tanco Holdings Bhd (2429)?
The price-to-sales ratio of Tanco Holdings Bhd is 9.36 (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 Tanco Holdings Bhd (2429)?
The net margin of Tanco Holdings Bhd is 6.1% (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 Tanco Holdings Bhd (2429)?
The return on equity (ROE) of Tanco Holdings Bhd is 3.4% (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 Tanco Holdings Bhd (2429)?
On an EBIT basis the return on assets of Tanco Holdings 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 Tanco Holdings Bhd (2429)?
The operating margin of Tanco Holdings Bhd is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tanco Holdings Bhd (2429)?
Revenue at Tanco Holdings Bhd is growing −9.0% versus a year earlier (3y avg +108%). 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 Tanco Holdings Bhd (2429)?
Earnings per share at Tanco Holdings Bhd are growing −90.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tanco Holdings Bhd (2429) generate?
The free cash flow of Tanco Holdings Bhd is −44.9M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tanco Holdings Bhd (2429) carry?
The net debt of Tanco Holdings Bhd is 7.2M MYR (fiscal year 2025). 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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