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Sunway Real Estate Investment Trust (5176) Fair Value & Analysis

Real Estate · MY · Market cap 7.7B MYR

SR Sunway Real Estate Investment Trust 5176 · KLSE
Price2.16 MYR
Fair Value1.82 MYR
Upside-15.7%
Quality56/100
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Mixed Growth
Highly profitable · 58.4% net margin
Low debt · generates free cash flow
6.47% dividend yield
Ranks above peers (13/15)
Wide moat 68/100
Evidence: High Range 1.41 MYR – 2.60 MYR Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from 1.48 MYR to 1.82 MYR (+23.0%) since Jun 26, 2026. Share price −1.8% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (1.41 MYR to 2.60 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)

2.64 MYR 1.10 MYR Fair Value 1.82 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 1.10 MYR – 2.64 MYR · fair‑value band 1.41 MYR – 2.60 MYR · the 2.16 MYR price screens above the 1.82 MYR fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Sunway Real Estate Investment Trust (5176) currently trades at 2.16 MYR, while our model-based Fair Value estimate is 1.82 MYR, implying the stock looks roughly 15.7% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Sunway Real Estate Investment Trust generated revenue of 941M MYR at a net margin of 58.4%. Revenue grew 2.0% year over year. It earns a return on equity of 9.5%. Net debt stands at 4.3B MYR. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.41 MYR (bear case) to 2.60 MYR (bull case); at 2.16 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 18% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -53% fair-value upside, at -16%, 5176 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 BearBaseBull Evidence
Highest evidence
Growth DCF 1.36 MYR 2.20 MYR 3.36 MYR 80
Residual Income 1.36 MYR 1.49 MYR 1.88 MYR 76
Rev-Margin DCF 1.05 MYR 1.83 MYR 2.72 MYR 74
All 16 models by family
DCF Models
FCF DCF 1.35 MYR 2.31 MYR 3.75 MYR 38
5Y Revenue Exit 1.05 MYR 1.85 MYR 2.88 MYR 39
5Y EBITDA Exit 1.58 MYR 2.86 MYR 4.37 MYR 41
10Y Revenue Exit 1.10 MYR 1.86 MYR 2.88 MYR 36
10Y EBITDA Exit 1.47 MYR 2.55 MYR 4.01 MYR 37
Dividend Discount
Gordon GGM 1.31 MYR 2.60 MYR 3.94 MYR 70
DDM Multi-Stage 1.31 MYR 2.20 MYR 2.75 MYR 61
Multiples
P/S Multiple 1.30 MYR 1.73 MYR 2.16 MYR 58
P/B Multiple 1.92 MYR 2.56 MYR 3.20 MYR 55
EV/EBIT 2.62 MYR 3.61 MYR 4.60 MYR 53
EV/EBITDA 1.96 MYR 2.73 MYR 3.50 MYR 54
EV/Revenue 0.9400 MYR 1.50 MYR 2.06 MYR 43
Asset-Based
NCAV (Graham) 0.7800 MYR 1.05 MYR 1.57 MYR 50
Growth DCF
Growth DCF 1.36 MYR 2.20 MYR 3.36 MYR 80
Rev-Margin DCF 1.05 MYR 1.83 MYR 2.72 MYR 74
Economic Profit
Residual Income 1.36 MYR 1.49 MYR 1.88 MYR 76

Widest divergence: Multiples (2.56 MYR) versus Asset-Based (1.05 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 941M MYR
Revenue growth (YoY) +2.0%
Net margin 58.4%
Return on equity 9.5%
Free cash flow 530M MYR FY2026
P/E ratio 15.1
More key figures
Operating margin 67.6%
EPS (TTM) 0.1500 MYR
Dividend yield 6.5%
EPS growth (YoY) +10.6%
Net debt 4.3B MYR FY2026

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 49

Profitability 39
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 22
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

Sunway Real Estate Investment Trust is a real estate investment trust. It is constituted as a supplementary deed dated an amended and restated deed dated 18 September 2018 and second amended and restated deed dated 7 April 2025 (collectively referred to as the Deed) between Sunway REIT Management Sdn. Bhd. and RHB Trustees Berhad.

Full company description

Sunway Real Estate Investment Trust is a real estate investment trust. It is constituted as a supplementary deed dated an amended and restated deed dated 18 September 2018 and second amended and restated deed dated 7 April 2025 (collectively referred to as the Deed) between Sunway REIT Management Sdn. Bhd. and RHB Trustees Berhad. The Fund was listed on the Main Market of Bursa Malaysia Securities Berhad on 8 July 2010. The unaudited condensed consolidated financial statements comprise Sunway REIT and its subsidiaries. Sunway Real Estate Investment Trust was founded on 20th May, 2010 and is domiciled in Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sunway Real Estate Investment Trust reported revenue of 911M MYR in FY2026 versus 676M MYR in FY2022, a compound +7.8%/yr. Reported net income was 516M MYR in FY2026, compounding +27.5%/yr from FY2022.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
911M MYR
Latest YoY
+16.7%
Avg. growth/yr (3Y)
+13.0%
Avg. growth/yr (5Y)
+11.2%
Avg. growth/yr (19Y)
+7.5%
Revenue +7.8%/yr
FY22 676M MYR
FY23 632M MYR
FY24 716M MYR
FY25 781M MYR
FY26 911M MYR
Net income +27.5%/yr
FY22 195M MYR
FY23 324M MYR
FY24 338M MYR
FY25 515M MYR
FY26 516M MYR

5176 screens 16% overvalued. Compare with Simon Property Group →

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Cite: Fair Value Calculator (2026). "Sunway Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/5176

Peer Group

REIT - Retail · 107 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 58 · Above median
Fair Value upside −16% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 58% · Above median
Operating margin (TTM) 68% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 6.5% · Above median
Debt / equity 0.30× · Lower than 75% of peers

Valuation Multiples vs REIT - Retail median · lower = cheaper

P/E (TTM) 15.1× · Pricier than median
P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 2.01× · Cheaper than 75% of peers
P/FCF 3.6× · Cheaper than 75% of peers
EV/EBITDA 4.8× · Cheaper than 75% of peers
PEG 1.47× · 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 12 · sector 9
FUTURE 10 · sector 22
PAST 38 · sector 30
HEALTH 85 · sector 66
DIVIDEND 100 · sector 100

Insider activity: 45/100

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 - Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is Sunway Real Estate Investment Trust (5176) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1.82 MYR versus a price of 2.16 MYR, about −16% (overvalued).
What is the fair value of 5176?
Our model-based fair value for Sunway Real Estate Investment Trust is 1.82 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 2.16 MYR.
What is the quality score of 5176?
Sunway Real Estate Investment Trust has a Quality Score of 56/100. 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 Sunway Real Estate Investment Trust (5176)?
Sunway Real Estate Investment Trust reported trailing-twelve-month revenue of about 941M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5176?
The net profit margin of Sunway Real Estate Investment Trust is about 58.4%, meaning it keeps roughly 58.4% of revenue as net income. Based on the latest reported figures.
Does Sunway Real Estate Investment Trust pay a dividend?
Sunway Real Estate Investment Trust currently shows a dividend yield of about 6.53% relative to its recent price (as of Jul 16, 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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