Bina Puri Holdings (5932) Fair Value & Analysis

Industrials · MY · Market cap 232M MYR

Below-average quality, and screening another 83% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (0.0500 MYR). The favourable scenario is already priced in.
• Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.1250 MYR – 0.5000 MYR · fair‑value band 0.0400 MYR – 0.0500 MYR · the 0.2400 MYR price screens above the 0.0400 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.

Full chart & analysis →

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Analysis

Bina Puri Holdings (5932) currently trades at 0.2400 MYR, while our model-based Fair Value estimate is 0.0400 MYR, implying the stock looks roughly 83.3% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Industrials 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, Bina Puri Holdings generated revenue of 254M MYR at a net margin of -15.4%. Revenue declined 66.4% year over year. Net debt stands at 316M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.0400 MYR (bear case) to 0.0500 MYR (bull case); at 0.2400 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 37% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -83%, 5932 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 (0.0700 MYR) versus Dividend Discount (0.0400 MYR). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Bina Puri Holdings Bhd, an investment holding company, engages in the construction and property development businesses in Malaysia and other Asian countries. The company operates through Construction, Property Development, Quarry, and Power Supply segments.

Full company description

Bina Puri Holdings Bhd, an investment holding company, engages in the construction and property development businesses in Malaysia and other Asian countries. The company operates through Construction, Property Development, Quarry, and Power Supply segments. It constructs roads and highways, earthworks, roadpavings, buildings, bridges, interchanges, waterworks, and land reclamation projects; builds motorways; and commercial buildings, educational institutions, hotels, hospitals, government complexes, and residential projects. The company is also involved in quarry operations; management of properties; generation and supply of electricity through hydroelectricity and diesel-generated power plants; manufacture of polyol; production of ready-mix concrete; provision of project management consultancy services, as well as operation of Swiss-Belhotel Kuantan and Rimbun Suites and Residences in Brunei; and rental of service apartments. In addition, it operates a concessionaire for KL-Kuala Selangor Expressway, which comprises 33km toll expressway; and acts as a commission agent. The company was founded in 1975 and is based in Kuching, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bina Puri Holdings reported revenue of 381M MYR in FY2025 versus 235M MYR in FY2021, a compound +12.8%/yr. Reported net income was −58.5M MYR in FY2025.

5932 screens 83% overvalued. Compare with Larsen & Toubro Limited →

Peer Group

Engineering & Construction · 839 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 Engineering & Construction median · lower = cheaper

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.

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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.