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5109 Fair Value & Analysis

Real Estate · MY · Market cap 1.9B MYR

5 5109 5109 · KLSE
Price1.06 MYR
Fair Value1.38 MYR
Upside+30.2%
Quality66/100
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Mixed Growth
Highly profitable · 29.6% net margin
Low debt · generates free cash flow
7.52% dividend yield
Ranks above peers (14/15)
Moderate moat 63/100
Evidence: High Range 1.06 MYR – 1.76 MYR Share as image

Fair value as of: Jul 13, 2026

From 16 valuation models · updated 28 days ago

Share price +1.0% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • Solid quality (66/100) 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.
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Price vs Fair Value (5 years)

1.17 MYR 0.5907 MYR Fair Value 1.38 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 0.5907 MYR – 1.17 MYR · fair‑value band 1.06 MYR – 1.76 MYR · the 1.06 MYR price screens below the 1.38 MYR fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

5109 (5109) currently trades at 1.06 MYR, while our model-based Fair Value estimate is 1.38 MYR, implying the stock looks roughly 30.2% undervalued today. The Quality Score stands at 66/100 (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, 5109 generated revenue of 563M MYR at a net margin of 29.6%. Revenue grew 4.7% year over year. It earns a return on equity of 5.8%. Net debt stands at 2.2B MYR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 1.06 MYR (bear case) to 1.76 MYR (bull case); at 1.06 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 9% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -33% fair-value upside, at 30%, 5109 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 0.7200 MYR 1.39 MYR 2.31 MYR 80
Residual Income 1.20 MYR 1.21 MYR 1.10 MYR 76
Rev-Margin DCF 0.2200 MYR 0.6400 MYR 1.16 MYR 74
All 16 models by family
DCF Models
FCF DCF 0.7200 MYR 1.45 MYR 2.47 MYR 38
5Y Revenue Exit 0.2200 MYR 0.6300 MYR 1.14 MYR 39
5Y EBITDA Exit 0.5500 MYR 1.27 MYR 2.12 MYR 41
10Y Revenue Exit 0.3900 MYR 0.8000 MYR 1.35 MYR 36
10Y EBITDA Exit 0.6000 MYR 1.22 MYR 2.05 MYR 37
Dividend Discount
Gordon GGM 0.5200 MYR 0.9300 MYR 1.28 MYR 70
DDM Multi-Stage 0.5200 MYR 0.8500 MYR 0.9900 MYR 61
Multiples
P/S Multiple 1.06 MYR 1.41 MYR 1.76 MYR 58
P/B Multiple 1.06 MYR 1.41 MYR 1.76 MYR 55
EV/EBIT 0.4200 MYR 0.7900 MYR 1.16 MYR 53
EV/EBITDA 0.5800 MYR 1.00 MYR 1.42 MYR 54
EV/Revenue 0.1900 MYR 0.4500 MYR 43
Asset-Based
NCAV (Graham) 0.8200 MYR 1.10 MYR 1.64 MYR 50
Growth DCF
Growth DCF 0.7200 MYR 1.39 MYR 2.31 MYR 80
Rev-Margin DCF 0.2200 MYR 0.6400 MYR 1.16 MYR 74
Economic Profit
Residual Income 1.20 MYR 1.21 MYR 1.10 MYR 76

Widest divergence: DCF Models (1.22 MYR) versus Growth DCF (0.6400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 563M MYR
Revenue growth (YoY) +4.7%
Net margin 29.6%
Return on equity 5.8%
Free cash flow 256M MYR FY2025
P/E ratio 10.1
More key figures
Operating margin 43.3%
EPS (TTM) 0.1000 MYR
Dividend yield 7.8%
EPS growth (YoY) +47.4%
Net debt 2.2B MYR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 56

Profitability 34
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 38
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

YTL Hospitality REIT has a market capitalization of approximately RM1.83 billion (as at 30 June 2025) with a wide portfolio of prime hospitality assets across a range of unique locations worldwide.

Full company description

YTL Hospitality REIT has a market capitalization of approximately RM1.83 billion (as at 30 June 2025) with a wide portfolio of prime hospitality assets across a range of unique locations worldwide. In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings), the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, Hotel Stripes Kuala Lumpur and the AC hotels in Kuala Lumpur, Penang, Kuantan and Ipoh. The Trust has also acquired a hotel in Puchong, which is currently under renovation (Puchong Hotel) and will relaunch as AC Hotel Puchong. YTL Hospitality REIT's international portfolio comprises Hilton Niseko Village and The Green Leaf Niseko Village in Japan and the Sydney Harbor, Brisbane and Melbourne Marriott hotels in Australia. The Trust is also undertaking the development of a hotel under the Moxy brand (Moxy Niseko) in Hokkaido, Japan. YTL Hospitality REIT's principal objective is to provide unitholders with stable cash distributions through owning and investing in yield accretive real estate assets. This provides potential for sustainable growth in its long-term unit value, rewarding unitholders with noticeable returns. YTL Hospitality REIT was established by a trust deed entered into on 18 November 2005 (as amended and restated) between Pintar Projek Sdn Bhd and Maybank Trustees Berhad, as manager and trustee, respectively, of YTL Hospitality REIT. YTL Hospitality REIT was incorporated in 2005 in Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

5109 reported revenue of 548M MYR in FY2025 versus 326M MYR in FY2021, a compound +13.9%/yr. Reported net income was 149M MYR in FY2025, compounding +15.7%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
548M MYR
Latest YoY
−1.2%
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.
+14.6%
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.
+5.2%
Avg. growth/yr (14Y) 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.
+23.1%
Revenue +13.9%/yr
FY21 326M MYR
FY22 364M MYR
FY23 487M MYR
FY24 555M MYR
FY25 548M MYR
Net income +15.7%/yr
FY21 82.8M MYR
FY22 83.9M MYR
FY23 141M MYR
FY24 178M MYR
FY25 149M MYR

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Cite: Fair Value Calculator (2026). "5109 Fair Value". https://www.fairvalue-calculator.com/stock/5109

Peer Group

REIT - Hotel & Motel · 35 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 67 · Top 25%
Fair Value upside +30% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 30% · Above median
Operating margin (TTM) 43% · Above median
Revenue growth 5% · Top 25%
Dividend yield (TTM) 7.5% · Top 25%
Debt / equity 0.46× · Lower than median

Valuation Multiples vs REIT - Hotel & Motel median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than median
P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.82× · Cheaper than median
P/FCF 1.8× · Cheaper than median
EV/EBITDA 5.9× · Cheaper than 75% of peers
PEG 3.23× · Pricier 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 74 · sector 12
FUTURE 24 · sector 2
PAST 23 · sector 6
HEALTH 77 · sector 73
DIVIDEND 100 · sector 65

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 REIT - Hotel & Motel stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Host Hotels & Resorts, Inc HST $24.50 $16.49 -33%
Ryman Hospitality Properties, Inc RHP $133.09 $48.74 -63%
COVH COVH €21.80 €21.79 -0%
Apple Hospitality REIT, Inc APLE $16.61 $12.63 -24%
Park Hotels & Resorts inc. PK $14.74 $20.58 +40%
DiamondRock Hospitality Company DRH $12.85 $8.43 -34%
Sunstone Hotel Investors, Inc SHO $11.74 $2.52 -79%
Pebblebrook Hotel Trust PEB $19.09 $25.37 +33%
Xenia Hotels & Resorts, Inc XHR $21.49 $11.63 -46%
RLJ Lodging Trust (RLJ) RLJ $12.34 $8.28 -33%

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Frequently asked questions

Is 5109 overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 1.38 MYR versus a price of 1.06 MYR, about +30% (undervalued).
What is the fair value of 5109?
Our model-based fair value for 5109 is 1.38 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 1.06 MYR.
What is the quality score of 5109?
5109 has a Quality Score of 66/100. 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 5109?
5109 reported trailing-twelve-month revenue of about 563M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 5109?
The net profit margin of 5109 is about 29.6%, meaning it keeps roughly 29.6% of revenue as net income. Based on the latest reported figures.
Does 5109 pay a dividend?
5109 currently shows a dividend yield of about 7.75% relative to its recent price (as of Jul 13, 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.

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