KSL Holdings (5038) Fair Value & Analysis
Real Estate · MY · Market cap 3.1B MYR
Fair value as of: Jul 16, 2026
From 9 valuation models · updated 24 days ago
Fair value updated Jul 16, 2026, revised from 7.35 MYR to 7.33 MYR (−0.3%) since Jun 26, 2026. Share price +0.3% over the past month.
Below-average quality, screening 149% undervalued on our models.
What matters now
- The price is below even our cautious bear case (5.50 MYR). The market is more pessimistic than our downside scenario.
- Solid quality (49/100) 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.
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 0.5379 MYR – 3.50 MYR · fair‑value band 5.50 MYR – 9.20 MYR · the 2.94 MYR price screens below the 7.33 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
KSL Holdings (5038) currently trades at 2.94 MYR, while our model-based Fair Value estimate is 7.33 MYR, implying the stock looks roughly 149.3% undervalued today. The Quality Score stands at 49/100 (below-average 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, KSL Holdings generated revenue of 1.6B MYR at a net margin of 34.3%. Revenue grew 16.4% year over year. It earns a return on equity of 11.8%. Net debt stands at 511M MYR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 5.50 MYR (bear case) to 9.20 MYR (bull case); at 2.94 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 18% below its 52-week high and 102% 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 149%, 5038 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: Multiples (8.71 MYR) versus Dividend Discount (0.0800 MYR). Highest evidence: Residual Income (76).
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 47 · Market factors (momentum, volatility) 68
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
KSL Holdings Berhad, an investment holding company, engages in the property development business in Malaysia. The company operates through four segments: Property Development, Property Investment, Investment Holding, and Car Park Operation.
Full company description
KSL Holdings Berhad, an investment holding company, engages in the property development business in Malaysia. The company operates through four segments: Property Development, Property Investment, Investment Holding, and Car Park Operation. The company's property portfolio includes townships, shopping malls, hotels and resorts, and high-rise residences, as well as a factory/warehouse. It also develops residential and commercial properties, including land homes, condominiums, retail shop offices; invests in real properties; operates hotels and malls; and operates and manages car parks. In addition, the company offers management services; wellness and health care related products and services; and food and beverage related products and services. KSL Holdings Berhad was incorporated in 2000 and is headquartered in Segamat, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
KSL Holdings reported revenue of 1.7B MYR in FY2025 versus 468M MYR in FY2021, a compound +37.4%/yr. Reported net income was 526M MYR in FY2025, compounding +46.4%/yr from FY2021.
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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.
Valuation Multiples vs Real Estate - Development 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.
Insider activity: 40/100
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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 16, 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% |
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Frequently asked questions
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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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