3905 Fair Value & Analysis
Industrials · MY · Market cap 912M MYR
Fair value as of: Jul 16, 2026
From 9 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from 2.88 MYR to 2.85 MYR (−1.1%) since Jun 26, 2026. Share price −2.3% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from 2.13 MYR (bear) to 3.56 MYR (bull), base 2.85 MYR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 1.35 MYR – 3.40 MYR · fair‑value band 2.13 MYR – 3.56 MYR · the 2.93 MYR price screens above the 2.85 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
3905 (3905) currently trades at 2.93 MYR, while our model-based Fair Value estimate is 2.85 MYR, implying the stock looks roughly 2.9% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, 3905 generated revenue of 2.2B MYR at a net margin of 18.5%. Revenue grew 37.0% year over year. It earns a return on equity of 11.4%. Net debt stands at 834M MYR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 2.13 MYR (bear case) to 3.56 MYR (bull case); at 2.93 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 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -3%, 3905 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 9 models by family
Widest divergence: DCF Models (25.38 MYR) versus Asset-Based (8.20 MYR). Highest evidence: P/E Multiple (63).
Notify me when 3905 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 57
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
Mulpha International Bhd, an investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand. It operates through four segments: Property Development; Property Investment and Finance; Hospitality and Leisure; and Investment and Others.
Full company description
Mulpha International Bhd, an investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand. It operates through four segments: Property Development; Property Investment and Finance; Hospitality and Leisure; and Investment and Others. The company engages in property development and investment; real estate investment; licensed money lending; provision of financial services; ownership and operation of hotels and services; operation of food, beverage, and entertainment and events business; operation of winery and vineyard; and investment in securities, education, and others. It is also involved in the operation of resorts; car parks, marinas, and recreation club; trading of securities; car wash and childcare businesses; hotelier activities; hospitality operations; property ownership; and acts as a promotional and corporate merchandiser, trust and fund manager, bond issuer; and event operator. In addition, it provides management, maintenance, corporate, and facilities management services; asset management and financial services; and advisory services. The company was incorporated in 1974 and is headquartered in Petaling Jaya, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
3905 reported revenue of 1.6B MYR in FY2025 versus 787M MYR in FY2021, a compound +19.2%/yr. Reported net income was 404M MYR in FY2025, compounding −1.7%/yr from FY2021.
Watch 3905: get an alert when its fair value changes →
Peer Group
Conglomerates · 369 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 Conglomerates 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 Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CITIC Limited 0267 | HK$11.28 | HK$22.56 | +100% |
| SK Inc 034730 | 580,000 KRW | 497,919 KRW | -14% |
| PT Astra International Tbk, ASII | 4,810 IDR | 9,620 IDR | +100% |
| The Siam Cement Public Company SCC | 254.00 THB | 199.40 THB | -21% |
| SRF Limited SRF | ₹2,875 | ₹1,053 | -63% |
| Empresas Copec S.A COPEC | 6,330 CLP | 10,879 CLP | +72% |
| Posco International Corporation 047050 | 50,900 KRW | 61,248 KRW | +20% |
| Tube Investments of India Limited TIINDIA | ₹2,940 | ₹559.30 | -81% |
| Doosan Corporation 000155 | 464,000 KRW | 75,620 KRW | -84% |
| Thermax Limited THERMAX | ₹4,809 | ₹1,087 | -77% |
Compare 3905 with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is 3905 overvalued or undervalued?
What is the fair value of 3905?
What is the quality score of 3905?
What is the revenue of 3905?
What is the net profit margin of 3905?
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.
Track 3905 and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.