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SkyWorld Development Berhad, an investment holding company, (5315) Fair Value & Analysis

Real Estate · MY · Market cap 410M MYR

SD SkyWorld Development Berhad, an investment holding company, 5315 · KLSE
Price0.4050 MYR
Fair Value0.6900 MYR
Upside+70.4%
Quality31/100
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Weak Growth
Thin margins · 7.0% net margin
Low debt · negative free cash flow
1.52% dividend yield
Ranks above peers (9/13)
Narrow moat 42/100
Evidence: Medium Range 0.4200 MYR – 0.9600 MYR Share as image

Fair value as of: Jul 12, 2026

From 7 valuation models · updated 29 days ago

Share price +1.3% over the past month.

Below-average quality, screening 70% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (31/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.4200 MYR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.4200 MYR to 0.9600 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 (3 years)

0.6648 MYR 0.3745 MYR Fair Value 0.6900 MYR Jul 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

37‑month range 0.3745 MYR – 0.6648 MYR · fair‑value band 0.4200 MYR – 0.9600 MYR · the 0.4050 MYR price screens below the 0.6900 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

SkyWorld Development Berhad, an investment holding company, (5315) currently trades at 0.4050 MYR, while our model-based Fair Value estimate is 0.6900 MYR, implying the stock looks roughly 70.4% undervalued today. The Quality Score stands at 31/100 (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: medium), always confirm before acting.

Over the trailing twelve months, SkyWorld Development Berhad, an investment holding company, generated revenue of 430M MYR at a net margin of 7.0%. Revenue grew 15.5% year over year. It earns a return on equity of 3.3%. Net debt stands at 226M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.4200 MYR (bear case) to 0.9600 MYR (bull case); at 0.4050 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 31% below its 52-week high and 11% 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 70%, 5315 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
Residual Income 0.6000 MYR 0.5700 MYR 0.4600 MYR 76
P/S Multiple 0.3700 MYR 0.5000 MYR 0.6200 MYR 58
P/B Multiple 0.3700 MYR 0.5000 MYR 0.6200 MYR 55
All 7 models by family
Multiples
P/S Multiple 0.3700 MYR 0.5000 MYR 0.6200 MYR 58
P/B Multiple 0.3700 MYR 0.5000 MYR 0.6200 MYR 55
EV/EBIT 1.21 MYR 1.60 MYR 1.98 MYR 53
EV/EBITDA 1.05 MYR 1.38 MYR 1.71 MYR 54
EV/Revenue 0.6900 MYR 0.9700 MYR 1.24 MYR 43
Asset-Based
NCAV (Graham) 0.4400 MYR 0.5900 MYR 0.8800 MYR 50
Economic Profit
Residual Income 0.6000 MYR 0.5700 MYR 0.4600 MYR 76

Widest divergence: Multiples (0.9700 MYR) versus Economic Profit (0.5700 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 430M MYR
Revenue growth (YoY) +15.5%
Net margin 7.0%
Return on equity 3.3%
Free cash flow −134M MYR FY2025
P/E ratio 14.5
More key figures
Operating margin 18.2%
EPS (TTM) 0.0300 MYR
Dividend yield 1.4%
EPS growth (YoY) -68.2%
Net debt 226M MYR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 33 · Market factors (momentum, volatility) 41

Profitability 21
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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

SkyWorld Development Berhad, an investment holding company, engages in the property development business in Malaysia. It focuses on the development of high-rise residential, commercial, and affordable properties, as well as leasing of build to rent developments. The company provides property management and investment, and construction services.

Full company description

SkyWorld Development Berhad, an investment holding company, engages in the property development business in Malaysia. It focuses on the development of high-rise residential, commercial, and affordable properties, as well as leasing of build to rent developments. The company provides property management and investment, and construction services. In addition, it operates SkyWorld Connects App; Solution+, offers a wide variety of move-in essentials from interior design, renovations, furniture, home appliances to mover and rental services. Further, the company is involved in e-commerce business and remodelling residential structures; providing treasury management; and research, designing and advisory services of prefabricated prefinished volumetric construction, as well as management consulting services. The company was formerly known as SkyWorld Development Sdn. Bhd. and changed its name to SkyWorld Development Berhad in September 2022. The company was incorporated in 2006 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SkyWorld Development Berhad, an investment holding company, reported revenue of 430M MYR in FY2025 versus 790M MYR in FY2021, a compound −14.1%/yr. Reported net income was 30.0M MYR in FY2025, compounding −27.1%/yr from FY2021.

Growth Quality 8/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
430M MYR
Latest YoY
−3.4%
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.
−20.0%
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.
−2.5%
Avg. growth/yr (6Y) 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.
−3.2%
Revenue −14.1%/yr
FY21 790M MYR
FY22 841M MYR
FY23 688M MYR
FY24 445M MYR
FY25 430M MYR
Net income −27.1%/yr
FY21 106M MYR
FY22 144M MYR
FY23 107M MYR
FY24 56.2M MYR
FY25 30.0M MYR

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Cite: Fair Value Calculator (2026). "SkyWorld Development Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/5315

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 32 · Bottom 25%
Fair Value upside +70% · Above median
Return on equity (TTM) 3% · Above median
Return on assets 2% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 18% · Above median
Revenue growth 16% · Above median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.32× · Higher than median

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

P/E (TTM) 13.3× · Pricier than median
P/B 0.11× · Cheaper than 75% of peers
P/S (TTM) 0.23× · Cheaper than 75% of peers
EV/EBITDA 0.6× · 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 78 · sector 0
PAST 13 · sector 10
HEALTH 84 · sector 84
DIVIDEND 30 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 12, 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

Is SkyWorld Development Berhad, an investment holding company, (5315) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.6900 MYR versus a price of 0.4050 MYR, about +70% (undervalued).
What is the fair value of 5315?
Our model-based fair value for SkyWorld Development Berhad, an investment holding company, is 0.6900 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.4050 MYR.
What is the quality score of 5315?
SkyWorld Development Berhad, an investment holding company, has a Quality Score of 31/100. 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 SkyWorld Development Berhad, an investment holding company, (5315)?
SkyWorld Development Berhad, an investment holding company, reported trailing-twelve-month revenue of about 430M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 5315?
The net profit margin of SkyWorld Development Berhad, an investment holding company, is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does SkyWorld Development Berhad, an investment holding company, pay a dividend?
SkyWorld Development Berhad, an investment holding company, currently shows a dividend yield of about 1.36% relative to its recent price (as of Jul 12, 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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