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Asian Pac Holdings (4057) Fair Value & Analysis

Real Estate · MY · Market cap 179M MYR

AP Asian Pac Holdings 4057 · KLSE
Price0.1200 MYR
Fair Value0.1531 MYR
Upside+27.6%
Quality59/100
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Expensive Growth
Highly profitable · 27.7% net margin
Low debt · generates free cash flow
Ranks above peers (10/12)
Moderate moat 63/100
Evidence: High Range 0.0817 MYR – 0.2113 MYR Share as image

Fair value as of: Jul 16, 2026

From 14 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.1545 MYR to 0.1531 MYR (−0.9%) since Jun 26, 2026.

A solid business, screening 28% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.0817 MYR to 0.2113 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)

0.2050 MYR 0.0800 MYR Fair Value 0.1531 MYR Mar 2021 Aug 2026

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 0.0800 MYR – 0.2050 MYR · fair‑value band 0.0817 MYR – 0.2113 MYR · the 0.1200 MYR price screens below the 0.1531 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Asian Pac Holdings (4057) currently trades at 0.1200 MYR, while our model-based Fair Value estimate is 0.1531 MYR, implying the stock looks roughly 27.6% undervalued today. The Quality Score stands at 59/100 (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, Asian Pac Holdings generated revenue of 351M MYR at a net margin of 27.7%. Revenue declined 30.8% year over year. It earns a return on equity of 7.8%. Net debt stands at 496M MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.0817 MYR (bear case) to 0.2113 MYR (bull case); at 0.1200 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 17% below its 52-week high and 33% 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 28%, 4057 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
Residual Income 0.6400 MYR 0.6400 MYR 0.6100 MYR 76
Rev-Margin DCF 0.5300 MYR 1.25 MYR 2.24 MYR 74
Gordon GGM 0.0100 MYR 0.0200 MYR 0.0300 MYR 70
All 14 models by family
DCF Models
5Y Revenue Exit 0.5300 MYR 1.30 MYR 2.42 MYR 39
5Y EBITDA Exit 0.7500 MYR 1.78 MYR 3.16 MYR 41
10Y Revenue Exit 0.2200 MYR 0.8000 MYR 1.79 MYR 36
10Y EBITDA Exit 0.3800 MYR 1.11 MYR 2.34 MYR 37
Dividend Discount
Gordon GGM 0.0100 MYR 0.0200 MYR 0.0300 MYR 70
DDM Multi-Stage 0.0100 MYR 0.0200 MYR 0.0200 MYR 61
Multiples
P/S Multiple 0.8300 MYR 1.11 MYR 1.39 MYR 58
P/B Multiple 0.8300 MYR 1.11 MYR 1.39 MYR 55
EV/EBIT 1.87 MYR 2.54 MYR 3.21 MYR 53
EV/EBITDA 1.44 MYR 1.98 MYR 2.51 MYR 54
EV/Revenue 0.9600 MYR 1.44 MYR 1.92 MYR 43
Asset-Based
NCAV (Graham) 0.4400 MYR 0.5900 MYR 0.8800 MYR 50
Growth DCF
Rev-Margin DCF 0.5300 MYR 1.25 MYR 2.24 MYR 74
Economic Profit
Residual Income 0.6400 MYR 0.6400 MYR 0.6100 MYR 76

Widest divergence: Multiples (1.44 MYR) versus Dividend Discount (0.0200 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 351M MYR
Revenue growth (YoY) -30.8%
Net margin 27.7%
Return on equity 7.8%
Free cash flow 6.1M MYR FY2026
P/E ratio 1.7
More key figures
Operating margin 171%
EPS (TTM) 0.0700 MYR
EPS growth (YoY) -6.5%
Net debt 496M MYR FY2026

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 52

Profitability 40
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 82
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

Asian Pac Holdings Berhad, an investment holding company, engages in the property development and investment businesses in Malaysia. It operates in five segments: Investment Holding, Property Development, Land and Office Properties, Car Park Operations, and Mall Operations.

Full company description

Asian Pac Holdings Berhad, an investment holding company, engages in the property development and investment businesses in Malaysia. It operates in five segments: Investment Holding, Property Development, Land and Office Properties, Car Park Operations, and Mall Operations. The company holds quoted and unquoted shares for capital investment purposes; develops residential and commercial properties; leases and operates malls; and manages and operates car parks. It also engages in the leasing and capital appreciation of land and offices properties; and rental of retail properties. In addition, the company offers money lending, property management, management and maintenance, and construction services, as well as trades in building materials. Asian Pac Holdings Berhad was incorporated in 1913 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Asian Pac Holdings reported revenue of 351M MYR in FY2026 versus 139M MYR in FY2022, a compound +26.1%/yr. Reported net income was 97.2M MYR in FY2026.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
351M MYR
Latest YoY
+0.8%
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.
+16.5%
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.
+31.8%
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.
+9.9%
Revenue +26.1%/yr
FY22 139M MYR
FY23 222M MYR
FY24 296M MYR
FY25 348M MYR
FY26 351M MYR
Net income
FY22 −4.3M MYR
FY23 6.0M MYR
FY24 24.9M MYR
FY25 123M MYR
FY26 97.2M MYR

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Cite: Fair Value Calculator (2026). "Asian Pac Holdings Fair Value". https://www.fairvalue-calculator.com/stock/4057

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 61 · Top 25%
Fair Value upside +25% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 28% · Above median
Operating margin (TTM) 171% · Top 25%
Revenue growth -31% · Bottom 25%
Debt / equity 0.22× · Lower than median

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

P/E (TTM) 1.7× · Cheaper than 75% of peers
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 7.2× · Pricier than median
EV/EBITDA 1.5× · 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 67 · sector 46
FUTURE 0 · sector 32
PAST 31 · sector 17
HEALTH 89 · 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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10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is Asian Pac Holdings (4057) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.1531 MYR versus a price of 0.1200 MYR, about +28% (undervalued).
What is the fair value of 4057?
Our model-based fair value for Asian Pac Holdings is 0.1531 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.1200 MYR.
What is the quality score of 4057?
Asian Pac Holdings has a Quality Score of 59/100. 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 Asian Pac Holdings (4057)?
Asian Pac Holdings reported trailing-twelve-month revenue of about 351M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 4057?
The net profit margin of Asian Pac Holdings is about 27.7%, meaning it keeps roughly 27.7% 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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