Tropicana Corporation (5401) Fair Value & Analysis

Real Estate · MY · Market cap 3.0B MYR

Below-average quality, and screening another 78% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (0.2600 MYR). The favourable scenario is already priced in.
• Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (0.1300 MYR to 0.2600 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.

Price vs Fair Value (5 years)

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

60‑month range 0.8400 MYR – 1.76 MYR · fair‑value band 0.1300 MYR – 0.2600 MYR · the 1.20 MYR price screens above the 0.2600 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Tropicana Corporation (5401) currently trades at 1.20 MYR, while our model-based Fair Value estimate is 0.2600 MYR, implying the stock looks roughly 78.3% overvalued today. The Quality Score stands at 47/100 (below-average 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: medium).

Over the trailing twelve months, Tropicana Corporation generated revenue of 1.6B MYR at a net margin of -6.9%. Revenue grew 20.5% year over year. It earns a return on equity of -2.3%. Net debt stands at 2.6B MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.1300 MYR (bear case) to 0.2600 MYR (bull case); at 1.20 MYR, the current price sits above 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 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -78%, 5401 screens richer 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.

Widest divergence: Asset-Based (1.10 MYR) versus Dividend Discount (0.2100 MYR). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Tropicana Corporation Berhad engages in the property development businesses in Malaysia. It operates through three segments: Property Development and Property Management; Property Investment, Recreation and Resort; and Investment Holding and Others.

Full company description

Tropicana Corporation Berhad engages in the property development businesses in Malaysia. It operates through three segments: Property Development and Property Management; Property Investment, Recreation and Resort; and Investment Holding and Others. The company develops residential and commercial properties; operates and manages hotels, resorts, golf courses, and club houses; invests in commercial and other properties; provides landscape services; and manages and operates private schools, and other operations. It provides property management and maintenance services; general trading; money lending and credit financing; management and education services; provision of network application and non-scheduled air passenger transport services; business information, enterprise management consultation, marketing, and exhibition services; and consultancy services on conferences and exhibitions. In addition, it is involved in the management of car parking facilities; installation of non-electric solar energy collectors; trading of building materials; agriculture, fishery; construction; and water treatment and supply businesses. Further, the company distributes and sells electricity; organic farming and vegetables; develops real estate; operates and manages department store and mall; sells land. It provides treasury, fund, cash, investment, financing and debt, financial risk management, and other related services; engages in timber and logging, food and beverage, and event organization businesses; and manufactures, distributes, wholesales, and trades in gloves, face masks, and other healthcare products. The company was formerly known as Dijaya Corporation Berhad and changed its name to Tropicana Corporation Berhad in May 2013. The company was incorporated in 1979 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tropicana Corporation reported revenue of 1.5B MYR in FY2025 versus 876M MYR in FY2021, a compound +15.1%/yr. Reported net income was −83.3M MYR in FY2025.

5401 screens 78% overvalued. Compare with DLF Limited →

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.

VALUE 0: the price sits above our fair-value range.

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 12, 2026).

Explore undervalued stocks

More undervalued Real Estate stocks →

Frequently asked questions

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.