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DutaLand Berhad, an investment holding company, (3948) Fair Value & Analysis

Consumer Defensive · MY · Market cap 259M MYR

DB DutaLand Berhad, an investment holding company, 3948 · KLSE
Price0.3200 MYR
Fair Value0.1600 MYR
Upside-50.0%
Quality53/100
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Expensive Growth
Loss-making · -2.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 18/100
Evidence: Low Range 0.1500 MYR – 0.1600 MYR Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 22 days ago

Share price +4.9% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1600 MYR). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (0.1500 MYR to 0.1600 MYR), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

0.4141 MYR 0.2500 MYR Fair Value 0.1600 MYR Nov 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.2500 MYR – 0.4141 MYR · fair‑value band 0.1500 MYR – 0.1600 MYR · the 0.3200 MYR price screens above the 0.1600 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

DutaLand Berhad, an investment holding company, (3948) currently trades at 0.3200 MYR, while our model-based Fair Value estimate is 0.1600 MYR, implying the stock looks roughly 50.0% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive 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: low).

Over the trailing twelve months, DutaLand Berhad, an investment holding company, generated revenue of 506M MYR at a net margin of -2.0%. Revenue declined 19.8% year over year. It earns a return on equity of -0.9%. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.1500 MYR (bear case) to 0.1600 MYR (bull case); at 0.3200 MYR, the current price sits above 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 3% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -50%, 3948 screens richer 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
ROIC Compounder 0.1500 MYR 0.1500 MYR 0.1500 MYR 72
EPV 0.1500 MYR 0.1500 MYR 0.1500 MYR 59
EV/EBITDA 0.2200 MYR 0.2400 MYR 0.2700 MYR 54
All 6 models by family
Earnings-Based
EPV 0.1500 MYR 0.1500 MYR 0.1500 MYR 59
Multiples
EV/EBIT 0.1500 MYR 0.1600 MYR 0.1600 MYR 53
EV/EBITDA 0.2200 MYR 0.2400 MYR 0.2700 MYR 54
EV/Revenue 0.1500 MYR 0.1500 MYR 0.1600 MYR 43
Asset-Based
NCAV (Graham) 0.7300 MYR 0.9800 MYR 1.47 MYR 50
Economic Profit
ROIC Compounder 0.1500 MYR 0.1500 MYR 0.1500 MYR 72

Widest divergence: Asset-Based (0.9800 MYR) versus Earnings-Based (0.1500 MYR). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 506M MYR
Revenue growth (YoY) -19.8%
Net margin -2.0%
Return on equity -0.9%
Free cash flow −45.7M MYR FY2025
Operating margin -7.4%
More key figures
EPS (TTM) -0.0100 MYR
EPS growth (YoY) -47.6%

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 66

Profitability 11
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 70
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

DutaLand Berhad, an investment holding company, engages in the oil palm and real estate businesses in Malaysia. It operates through Property Development, Construction Management, Plantation, Commodity trading, and Investment Holding and Others segments. The company develops and sells residential and commercial properties.

Full company description

DutaLand Berhad, an investment holding company, engages in the oil palm and real estate businesses in Malaysia. It operates through Property Development, Construction Management, Plantation, Commodity trading, and Investment Holding and Others segments. The company develops and sells residential and commercial properties. It is also involved in the property investment and development, management, and building maintenance activities; oil palm cultivation, and sale of oil palm fruits and crude palm oil; trading of crude palm oil and commodities; and restaurant operation, money lending, food and beverages businesses. In addition, the company trades in securities, as well as engages in hospitality business. The company was formerly known as Mycom Berhad and changed its name to DutaLand Berhad in December 2007. DutaLand Berhad was incorporated in 1967 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

DutaLand Berhad, an investment holding company, reported revenue of 457M MYR in FY2025 versus 176M MYR in FY2021, a compound +26.9%/yr. Reported net income was −11.9M MYR in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
457M MYR
Latest YoY
+149.9%
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.
+49.5%
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.
+47.4%
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.
+12.8%
Revenue +26.9%/yr
FY21 176M MYR
FY22 137M MYR
FY23 188M MYR
FY24 183M MYR
FY25 457M MYR
Net income
FY21 13.0M MYR
FY22 −44.5M MYR
FY23 10.4M MYR
FY24 3.3M MYR
FY25 −11.9M MYR

3948 screens 50% overvalued. Compare with Sysco Corporation →

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Cite: Fair Value Calculator (2026). "DutaLand Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/3948

Peer Group

Food Distribution · 77 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 53 · Above median
Fair Value upside −50% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -20% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Food Distribution median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.13× · 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 0 · sector 21
FUTURE 0 · sector 14
PAST 0 · sector 36
HEALTH 100 · sector 94
DIVIDEND 0 · sector 42

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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.

Similar stocks

10 more Food Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Sysco Corporation SYY $81.69 $60.58 -26%
US Foods Holding USFD $99.13 $55.10 -44%
Performance Food Group PFGC $113.17 $37.94 -66%
Jerónimo Martins, SGPS, S.A JMT €17.68 €21.59 +22%
CP Axtra Public Company CPAXT 14.90 THB 17.04 THB +14%
The Chefs' Warehouse, Inc CHEF $95.79 $37.27 -61%
Olam Group VC2 1.33 SGD 2.12 SGD +59%
United Natural Foods, Inc UNFI $50.19 $6.00 -88%
The Andersons, Inc ANDE $79.24 $47.78 -40%
Metcash Limited MTS A$2.92 A$5.33 +83%

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Frequently asked questions

Is DutaLand Berhad, an investment holding company, (3948) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.1600 MYR versus a price of 0.3200 MYR, about −50% (overvalued).
What is the fair value of 3948?
Our model-based fair value for DutaLand Berhad, an investment holding company, is 0.1600 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.3200 MYR.
What is the quality score of 3948?
DutaLand Berhad, an investment holding company, has a Quality Score of 53/100. 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 DutaLand Berhad, an investment holding company, (3948)?
DutaLand Berhad, an investment holding company, reported trailing-twelve-month revenue of about 506M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 3948?
The net profit margin of DutaLand Berhad, an investment holding company, is about -2.0%, meaning it is currently running at a net loss. 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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