EN DE

I-Berhad, an investment holding company, (4251) Fair Value & Analysis

Real Estate · MY · Market cap 427M MYR

IB I-Berhad, an investment holding company, 4251 · KLSE
Price0.2300 MYR
Fair Value0.5100 MYR
Upside+121.7%
Quality57/100
Watch I-Berhad, an investment holding company, for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Solidly profitable · 17.9% net margin
Low debt · generates free cash flow
3.91% dividend yield
Ranks above peers (12/14)
Moderate moat 46/100
Evidence: High Range 0.3800 MYR – 0.6400 MYR Share as image

Fair value as of: Jul 18, 2026

From 16 valuation models · updated 24 days ago

A solid business, screening 122% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.3800 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

0.3550 MYR 0.2010 MYR Fair Value 0.5100 MYR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.2010 MYR – 0.3550 MYR · fair‑value band 0.3800 MYR – 0.6400 MYR · the 0.2300 MYR price screens below the 0.5100 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

I-Berhad, an investment holding company, (4251) currently trades at 0.2300 MYR, while our model-based Fair Value estimate is 0.5100 MYR, implying the stock looks roughly 121.7% undervalued today. The Quality Score stands at 57/100 (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, I-Berhad, an investment holding company, generated revenue of 305M MYR at a net margin of 17.9%. Revenue declined 29.2% year over year. It earns a return on equity of 4.1%. Net debt stands at 276M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.3800 MYR (bear case) to 0.6400 MYR (bull case); at 0.2300 MYR, the current price sits below 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 37% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 122%, 4251 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 0.0200 MYR 0.1400 MYR 0.3100 MYR 80
Residual Income 0.5000 MYR 0.4800 MYR 0.4000 MYR 76
Rev-Margin DCF 0.1900 MYR 0.5100 MYR 0.9800 MYR 74
All 16 models by family
DCF Models
FCF DCF 0.0200 MYR 0.1200 MYR 0.3500 MYR 38
5Y Revenue Exit 0.1900 MYR 0.5300 MYR 1.05 MYR 39
5Y EBITDA Exit 0.3300 MYR 0.8600 MYR 1.60 MYR 41
10Y Revenue Exit 0.1100 MYR 0.4100 MYR 0.9000 MYR 36
10Y EBITDA Exit 0.2200 MYR 0.6400 MYR 1.41 MYR 37
Dividend Discount
Gordon GGM 0.0400 MYR 0.0700 MYR 0.0900 MYR 70
DDM Multi-Stage 0.0400 MYR 0.0600 MYR 0.0700 MYR 61
Multiples
P/S Multiple 0.3800 MYR 0.5100 MYR 0.6400 MYR 58
P/B Multiple 0.3800 MYR 0.5100 MYR 0.6400 MYR 55
EV/EBIT 0.5900 MYR 0.8300 MYR 1.07 MYR 53
EV/EBITDA 0.5300 MYR 0.7600 MYR 0.9800 MYR 54
EV/Revenue 0.2700 MYR 0.4400 MYR 0.6100 MYR 43
Asset-Based
NCAV (Graham) 0.3600 MYR 0.4800 MYR 0.7200 MYR 50
Growth DCF
Growth DCF 0.0200 MYR 0.1400 MYR 0.3100 MYR 80
Rev-Margin DCF 0.1900 MYR 0.5100 MYR 0.9800 MYR 74
Economic Profit
Residual Income 0.5000 MYR 0.4800 MYR 0.4000 MYR 76

Widest divergence: DCF Models (0.5300 MYR) versus Dividend Discount (0.0600 MYR). Highest evidence: Growth DCF (80).

Notify me when 4251 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 305M MYR
Revenue growth (YoY) -29.2%
Net margin 17.9%
Return on equity 4.1%
Free cash flow 23.0M MYR FY2025
P/E ratio 7.7
More key figures
Operating margin 18.2%
EPS (TTM) 0.0300 MYR
Dividend yield 3.9%
EPS growth (YoY) +4.5%
Net debt 276M MYR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 54 · Market factors (momentum, volatility) 38

Profitability 29
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

I-Berhad, an investment holding company, engages in the property investment and development activities in Malaysia. It operates through Property Development, Property Investment, Leisure and Hospitality, and Other segments.

Full company description

I-Berhad, an investment holding company, engages in the property investment and development activities in Malaysia. It operates through Property Development, Property Investment, Leisure and Hospitality, and Other segments. The company develops and sells residential and commercial properties; invests in and holds properties; and promotes, markets, and manages events, leisure, hotel, and other tourism related activities. It also contracts for construction works; owns land and property; provides managed network, telephony, and advisory services; and develops and manages i-City, Shah Alam as a MSC Malaysia Cybercentre. In addition, the company is involved in the money lending and property management activities; retails wireless technology, and information and communication technology products; operates as a travel agent, advertising agent, advertiser, and advertising contractor; and operates co-working space, event venue, and related services, as well as café, coffee house, and food and beverages retail outlet. Further, it provides AI-enabled development services; recurring income and infrastructure; leisure and hospitality; and AI city platform services. The company was formerly known as Sanyo Industries (Malaysia) Sdn Bhd and changed its name to I-Berhad in 1999. I-Berhad was incorporated in 1967 and is based in Shah Alam, Malaysia. I-Berhad is a subsidiary of Sumurwang Sdn Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

I-Berhad, an investment holding company, reported revenue of 323M MYR in FY2025 versus 80.2M MYR in FY2021, a compound +41.6%/yr. Reported net income was 55.7M MYR in FY2025, compounding +250.6%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
323M MYR
Latest YoY
+45.2%
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.
+39.2%
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.
+32.1%
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.
+12.9%
Revenue +41.6%/yr
FY21 80.2M MYR
FY22 120M MYR
FY23 176M MYR
FY24 222M MYR
FY25 323M MYR
Net income +250.6%/yr
FY21 369K MYR
FY22 27.2M MYR
FY23 12.0M MYR
FY24 29.2M MYR
FY25 55.7M MYR

Watch 4251: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "I-Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/4251

Peer Group

Real Estate - Development · 588 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 59 · Top 25%
Fair Value upside +122% · Top 25%
Return on equity (TTM) 4% · Above median
Return on assets 2% · Above median
Net margin (TTM) 18% · Above median
Operating margin (TTM) 18% · Above median
Revenue growth -29% · Below median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.18× · Lower than median

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

P/E (TTM) 7.7× · Cheaper than median
P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.34× · Cheaper than median
P/FCF 4.5× · Pricier than 75% of peers
EV/EBITDA 5.0× · 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 100 · sector 48
FUTURE 0 · sector 0
PAST 17 · sector 10
HEALTH 91 · sector 84
DIVIDEND 78 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

Compare I-Berhad, an investment holding company, with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is I-Berhad, an investment holding company, (4251) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.5100 MYR versus a price of 0.2300 MYR, about +122% (undervalued).
What is the fair value of 4251?
Our model-based fair value for I-Berhad, an investment holding company, is 0.5100 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.2300 MYR.
What is the quality score of 4251?
I-Berhad, an investment holding company, has a Quality Score of 57/100. 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 I-Berhad, an investment holding company, (4251)?
I-Berhad, an investment holding company, reported trailing-twelve-month revenue of about 305M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 4251?
The net profit margin of I-Berhad, an investment holding company, is about 17.9%, meaning it keeps roughly 17.9% of revenue as net income. Based on the latest reported figures.
Does I-Berhad, an investment holding company, pay a dividend?
I-Berhad, an investment holding company, currently shows a dividend yield of about 3.91% relative to its recent price (as of Jul 18, 2026).

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.

14 days Pro free · no card

Track I-Berhad, an investment holding company, 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.