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EcoFirst Consolidated Bhd, an investment holding company, (3557) Fair Value & Analysis

Real Estate · MY · Market cap 412M MYR

EC EcoFirst Consolidated Bhd, an investment holding company, 3557 · KLSE
Price0.3500 MYR
Fair Value0.4800 MYR
Upside+37.1%
Quality70/100
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Mixed Growth
Thin margins · 7.0% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 41/100
Evidence: High Range 0.3400 MYR – 0.6600 MYR Share as image

Fair value as of: Jul 13, 2026

From 14 valuation models · updated 28 days ago

Share price +2.9% over the past month.

A solid business, screening 37% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (0.3400 MYR to 0.6600 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)

0.6100 MYR 0.2800 MYR Fair Value 0.4800 MYR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 0.2800 MYR – 0.6100 MYR · fair‑value band 0.3400 MYR – 0.6600 MYR · the 0.3500 MYR price screens below the 0.4800 MYR fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

EcoFirst Consolidated Bhd, an investment holding company, (3557) currently trades at 0.3500 MYR, while our model-based Fair Value estimate is 0.4800 MYR, implying the stock looks roughly 37.1% undervalued today. The Quality Score stands at 70/100 (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: high), always confirm before acting.

Over the trailing twelve months, EcoFirst Consolidated Bhd, an investment holding company, generated revenue of 429M MYR at a net margin of 7.0%. Revenue declined 42.7% year over year. It earns a return on equity of 5.6%. Net debt stands at 153M MYR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 0.3400 MYR (bear case) to 0.6600 MYR (bull case); at 0.3500 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 14% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 37%, 3557 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.

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 1.53 MYR 2.73 MYR 4.61 MYR 80
Rev-Margin DCF 0.8400 MYR 1.37 MYR 2.51 MYR 74
Residual Income 0.3200 MYR 0.3200 MYR 0.2700 MYR 61
All 14 models by family
DCF Models
FCF DCF 1.64 MYR 2.45 MYR 4.86 MYR 38
5Y Revenue Exit 0.7600 MYR 1.18 MYR 2.05 MYR 39
5Y EBITDA Exit 0.8700 MYR 1.40 MYR 2.44 MYR 41
10Y Revenue Exit 1.05 MYR 1.92 MYR 2.33 MYR 36
10Y EBITDA Exit 1.14 MYR 2.14 MYR 3.72 MYR 37
Multiples
P/S Multiple 0.2700 MYR 0.3600 MYR 0.4500 MYR 58
P/B Multiple 0.2700 MYR 0.3600 MYR 0.4500 MYR 55
EV/EBIT 0.6600 MYR 0.9200 MYR 1.17 MYR 53
EV/EBITDA 0.5000 MYR 0.7000 MYR 0.9100 MYR 54
EV/Revenue 0.3100 MYR 0.4900 MYR 0.6800 MYR 43
Asset-Based
NCAV (Graham) 0.2300 MYR 0.3000 MYR 0.4500 MYR 50
Growth DCF
Growth DCF 1.53 MYR 2.73 MYR 4.61 MYR 80
Rev-Margin DCF 0.8400 MYR 1.37 MYR 2.51 MYR 74
Economic Profit
Residual Income 0.3200 MYR 0.3200 MYR 0.2700 MYR 61

Widest divergence: DCF Models (1.92 MYR) versus Asset-Based (0.3000 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 429M MYR
Revenue growth (YoY) -42.7%
Net margin 7.0%
Return on equity 5.6%
Free cash flow 152M MYR FY2025
P/E ratio 11.7
More key figures
Operating margin 13.2%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) -55.2%
Net debt 153M MYR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 48

Profitability 26
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 90
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

EcoFirst Consolidated Bhd, an investment holding company, engages in property construction, development, investment, and management businesses in Malaysia. The company operates through Property Development, Property Investment, and Investment and Others segments.

Full company description

EcoFirst Consolidated Bhd, an investment holding company, engages in property construction, development, investment, and management businesses in Malaysia. The company operates through Property Development, Property Investment, and Investment and Others segments. It develops residential and commercial properties, including residential towers, apartment units, and retail units. The company was formerly known as Kumpulan Emas Bhd and changed its name to EcoFirst Consolidated Bhd in January 2006. EcoFirst Consolidated Bhd was incorporated in 1973 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

EcoFirst Consolidated Bhd, an investment holding company, reported revenue of 454M MYR in FY2025 versus 42.4M MYR in FY2021, a compound +80.9%/yr. Reported net income was 24.9M MYR in FY2025, compounding +15.5%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
454M MYR
Latest YoY
+179.0%
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.
+166.3%
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.
+24.8%
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.
+8.4%
Revenue +80.9%/yr
FY21 42.4M MYR
FY22 24.0M MYR
FY23 31.5M MYR
FY24 163M MYR
FY25 454M MYR
Net income +15.5%/yr
FY21 14.0M MYR
FY22 −9.8M MYR
FY23 14.4M MYR
FY24 12.8M MYR
FY25 24.9M MYR

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Cite: Fair Value Calculator (2026). "EcoFirst Consolidated Bhd, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/3557

Peer Group

Real Estate - Diversified · 137 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 70 · Top 25%
Fair Value upside +37% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 7% · Below median
Operating margin (TTM) 13% · Below median
Revenue growth -43% · Bottom 25%
Debt / equity 0.32× · Lower than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/E (TTM) 11.7× · Cheaper than median
P/B 0.19× · Cheaper than 75% of peers
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 0.7× · Cheaper than median
EV/EBITDA 5.2× · 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 83 · sector 46
FUTURE 0 · sector 32
PAST 22 · sector 17
HEALTH 84 · sector 75
DIVIDEND 0 · sector 45

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.

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Frequently asked questions

Is EcoFirst Consolidated Bhd, an investment holding company, (3557) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 0.4800 MYR versus a price of 0.3500 MYR, about +37% (undervalued).
What is the fair value of 3557?
Our model-based fair value for EcoFirst Consolidated Bhd, an investment holding company, is 0.4800 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 0.3500 MYR.
What is the quality score of 3557?
EcoFirst Consolidated Bhd, an investment holding company, has a Quality Score of 70/100. 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 EcoFirst Consolidated Bhd, an investment holding company, (3557)?
EcoFirst Consolidated Bhd, an investment holding company, reported trailing-twelve-month revenue of about 429M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 3557?
The net profit margin of EcoFirst Consolidated Bhd, an investment holding company, is about 7.0%, meaning it keeps roughly 7.0% 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.

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