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Pegasus Heights Berhad, an investment holding company, (4464) Fair Value & Analysis

Real Estate · MY · Market cap 54.1M MYR

PH Pegasus Heights Berhad, an investment holding company, 4464 · KLSE
Price0.0050 MYR
Fair Value0.0053 MYR
Upside+6.0%
Quality64/100
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Weak Growth
Loss-making · -30.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 10/100
Evidence: Low Range 0.0053 MYR – 0.0053 MYR Share as image

Fair value as of: Jul 20, 2026

From 5 valuation models · updated 21 days ago

A solid business, currently priced close to our fair value.

What matters now

  • The price is below even our cautious bear case (0.0053 MYR). The market is more pessimistic than our downside scenario.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • 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)

0.0300 MYR 0.0050 MYR Fair Value 0.0053 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 0.0050 MYR – 0.0300 MYR · the 0.0050 MYR price screens below the 0.0053 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Pegasus Heights Berhad, an investment holding company, (4464) currently trades at 0.0050 MYR, while our model-based Fair Value estimate is 0.0053 MYR, implying the stock looks roughly 6.0% fairly valued today. The Quality Score stands at 64/100 (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: low), always confirm before acting.

Over the trailing twelve months, Pegasus Heights Berhad, an investment holding company, generated revenue of 10.0M MYR at a net margin of -29.8%. Revenue declined 18.0% year over year. It earns a return on equity of -2.5%. Net debt stands at 1.7M MYR. Fundamentals as of Jul 20, 2026

The share trades about 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 6%, 4464 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 0.0100 MYR 0.0100 MYR 0.0100 MYR 80
NCAV (Graham) 0.0100 MYR 0.0100 MYR 0.0100 MYR 50
5Y Revenue Exit 0.0100 MYR 39
All 5 models by family
DCF Models
FCF DCF 0.0100 MYR 0.0100 MYR 0.0100 MYR 38
5Y Revenue Exit 0.0100 MYR 39
10Y Revenue Exit 0.0100 MYR 0.0100 MYR 0.0100 MYR 36
Asset-Based
NCAV (Graham) 0.0100 MYR 0.0100 MYR 0.0100 MYR 50
Growth DCF
Growth DCF 0.0100 MYR 0.0100 MYR 0.0100 MYR 80

Widest divergence: DCF Models (0.0100 MYR) versus DCF Models (0.0100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 10.0M MYR
Revenue growth (YoY) -18.0%
Net margin -29.8%
Return on equity -2.5%
Free cash flow 10.1M MYR FY2025
Operating margin -29.9%
More key figures
Net debt 1.7M MYR FY2024

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 45

Profitability 5
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Pegasus Heights Berhad, an investment holding company, engages in the owning and operating malls in Malaysia. It operates through Property Management, Project Management Consultancy, Financial Services, and Food and Beverage segments.

Full company description

Pegasus Heights Berhad, an investment holding company, engages in the owning and operating malls in Malaysia. It operates through Property Management, Project Management Consultancy, Financial Services, and Food and Beverage segments. The company is involved in the leasing out commercial properties; project management consultancy for property development and marketing events and constructions; licensed money lending business; and food and beverage activities. It also offers consultancy services. In addition, the company engages in renting property; wholesale of household appliances; and food and beverage in market stalls and hawkers. Further, it operates as a food caterer and hawker. The company was formerly known as Naim Indah Corporation Berhad and changed its name to Pegasus Heights Berhad in February 2018. Pegasus Heights Berhad was incorporated in 1974 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pegasus Heights Berhad, an investment holding company, reported revenue of 10.5M MYR in FY2025 versus 26.7M MYR in FY2021, a compound −20.9%/yr. Reported net income was −3.5M MYR in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
10.5M MYR
Latest YoY
+0.9%
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.
−13.3%
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.
−29.9%
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.
−11.3%
Revenue −20.9%/yr
FY21 26.7M MYR
FY22 16.1M MYR
FY23 13.4M MYR
FY24 10.4M MYR
FY25 10.5M MYR
Net income
FY21 −19.2M MYR
FY22 −4.6M MYR
FY23 −5.2M MYR
FY24 −4.8M MYR
FY25 −3.5M MYR

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Cite: Fair Value Calculator (2026). "Pegasus Heights Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/4464

Peer Group

Real Estate Services · 520 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 63 · Top 25%
Fair Value upside +5% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -30% · Bottom 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth -18% · Bottom 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 1.33× · Cheaper than median
P/FCF 1.3× · Cheaper than median

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 40 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Pegasus Heights Berhad, an investment holding company, (4464) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.0053 MYR versus a price of 0.0050 MYR, about +6% (fairly valued).
What is the fair value of 4464?
Our model-based fair value for Pegasus Heights Berhad, an investment holding company, is 0.0053 MYR (as of Jul 20, 2026), built from audited fundamentals. The current price is 0.0050 MYR.
What is the quality score of 4464?
Pegasus Heights Berhad, an investment holding company, has a Quality Score of 64/100. 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 Pegasus Heights Berhad, an investment holding company, (4464)?
Pegasus Heights Berhad, an investment holding company, reported trailing-twelve-month revenue of about 10.0M MYR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 4464?
The net profit margin of Pegasus Heights Berhad, an investment holding company, is about -29.8%, 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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