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MKH Berhad, an investment holding company, (6114) Fair Value & Analysis

Real Estate · MY · Market cap 1.1B MYR

MB MKH Berhad, an investment holding company, 6114 · KLSE
Price1.98 MYR
Fair Value4.33 MYR
Upside+118.7%
Quality68/100
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Mixed Growth
Solidly profitable · 10.4% net margin
Low debt · generates free cash flow
1.54% dividend yield
Mixed vs. peers (8/14)
Narrow moat 41/100
Evidence: Medium Range 3.08 MYR – 5.58 MYR Share as image

Fair value as of: Jul 11, 2026

From 16 valuation models · updated 30 days ago

Share price +1.5% over the past month.

A solid business, screening 119% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (3.08 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (3.08 MYR to 5.58 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)

1.99 MYR 0.9100 MYR Fair Value 4.33 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 0.9100 MYR – 1.99 MYR · fair‑value band 3.08 MYR – 5.58 MYR · the 1.98 MYR price screens below the 4.33 MYR fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

MKH Berhad, an investment holding company, (6114) currently trades at 1.98 MYR, while our model-based Fair Value estimate is 4.33 MYR, implying the stock looks roughly 118.7% undervalued today. The Quality Score stands at 68/100 (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: medium), always confirm before acting.

Over the trailing twelve months, MKH Berhad, an investment holding company, generated revenue of 805M MYR at a net margin of 10.4%. Revenue declined 32.3% year over year. It earns a return on equity of 4.4%. The balance sheet holds a net cash position of 93.4M MYR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 3.08 MYR (bear case) to 5.58 MYR (bull case); at 1.98 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 near its 52-week high and 120% 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 119%, 6114 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 3.57 MYR 4.29 MYR 5.44 MYR 80
Residual Income 2.33 MYR 2.29 MYR 2.00 MYR 76
Rev-Margin DCF 3.53 MYR 4.76 MYR 6.29 MYR 74
All 16 models by family
DCF Models
FCF DCF 3.48 MYR 4.25 MYR 5.56 MYR 38
5Y Revenue Exit 3.53 MYR 4.70 MYR 6.40 MYR 39
5Y EBITDA Exit 4.41 MYR 6.20 MYR 8.59 MYR 41
10Y Revenue Exit 3.43 MYR 4.27 MYR 5.17 MYR 36
10Y EBITDA Exit 3.98 MYR 5.13 MYR 6.37 MYR 37
Dividend Discount
Gordon GGM 0.3100 MYR 0.3400 MYR 0.3700 MYR 70
DDM Multi-Stage 0.3100 MYR 0.3800 MYR 0.4600 MYR 61
Multiples
P/S Multiple 2.00 MYR 2.67 MYR 3.34 MYR 58
P/B Multiple 2.00 MYR 2.67 MYR 3.34 MYR 55
EV/EBIT 6.18 MYR 7.94 MYR 9.71 MYR 53
EV/EBITDA 5.82 MYR 7.47 MYR 9.11 MYR 54
EV/Revenue 3.81 MYR 5.06 MYR 6.31 MYR 43
Asset-Based
NCAV (Graham) 1.63 MYR 2.18 MYR 3.26 MYR 50
Growth DCF
Growth DCF 3.57 MYR 4.29 MYR 5.44 MYR 80
Rev-Margin DCF 3.53 MYR 4.76 MYR 6.29 MYR 74
Economic Profit
Residual Income 2.33 MYR 2.29 MYR 2.00 MYR 76

Widest divergence: Multiples (5.06 MYR) versus Dividend Discount (0.3400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 805M MYR
Revenue growth (YoY) -32.3%
Net margin 10.4%
Return on equity 4.4%
Free cash flow 183M MYR FY2025
P/E ratio 13.7
More key figures
Operating margin 9.3%
EPS (TTM) 0.1400 MYR
Dividend yield 1.6%
EPS growth (YoY) +58.0%
Net cash 93.4M MYR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 87

Profitability 27
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

MKH Berhad, an investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, and Indonesia. The Property Development and Construction segment is involved in the property development, building, and civil works contracting activities.

Full company description

MKH Berhad, an investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, and Indonesia. The Property Development and Construction segment is involved in the property development, building, and civil works contracting activities. The Plantation segment engages in the oil palm cultivation activities. The Hotel and Property Investment segment operates commercial/shopping malls, retail outlets, shop-offices, parking spaces, and a hotel. The Others segment trades in building materials and household related products, and general products; and manufactures furniture. The company offers project and building management, treasury management, money lending, hire-purchase, leasing finance, management, secretarial, and insurance agency and broking services; and health care services, as well as operates a recreational club. It is also involved in the property investment and management activities; and trading of precast concrete, cement, or artificial stone articles for use in construction industry. The company was formerly known as Metro Kajang Holdings Berhad and changed its name to MKH Berhad in April 2011. MKH Berhad was incorporated in 1979 and is headquartered in Kajang, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MKH Berhad, an investment holding company, reported revenue of 951M MYR in FY2025 versus 914M MYR in FY2021, a compound +1.0%/yr. Reported net income was 90.6M MYR in FY2025, compounding +3.0%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
951M MYR
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.
+5.1%
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.
−1.1%
Avg. growth/yr (12Y) 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.
+5.7%
Revenue +1.0%/yr
FY21 914M MYR
FY22 968M MYR
FY23 1.1B MYR
FY24 1.1B MYR
FY25 951M MYR
Net income +3.0%/yr
FY21 80.4M MYR
FY22 112M MYR
FY23 74.6M MYR
FY24 73.8M MYR
FY25 90.6M MYR

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Cite: Fair Value Calculator (2026). "MKH Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/6114

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 69 · Top 25%
Fair Value upside +119% · Top 25%
Return on equity (TTM) 4% · Above median
Return on assets 2% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 9% · Below median
Revenue growth -32% · Below median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.04× · Lower than 75% of peers

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

P/E (TTM) 13.9× · Pricier than median
P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.34× · Cheaper than median
P/FCF 1.5× · Pricier than median
PEG 0.83× · Pricier than median

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 0 · sector 0
PAST 17 · sector 10
HEALTH 98 · sector 84
DIVIDEND 31 · sector 38

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 11, 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 MKH Berhad, an investment holding company, (6114) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 4.33 MYR versus a price of 1.98 MYR, about +119% (undervalued).
What is the fair value of 6114?
Our model-based fair value for MKH Berhad, an investment holding company, is 4.33 MYR (as of Jul 11, 2026), built from audited fundamentals. The current price is 1.98 MYR.
What is the quality score of 6114?
MKH Berhad, an investment holding company, has a Quality Score of 68/100. 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 MKH Berhad, an investment holding company, (6114)?
MKH Berhad, an investment holding company, reported trailing-twelve-month revenue of about 805M MYR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 6114?
The net profit margin of MKH Berhad, an investment holding company, is about 10.4%, meaning it keeps roughly 10.4% of revenue as net income. Based on the latest reported figures.
Does MKH Berhad, an investment holding company, pay a dividend?
MKH Berhad, an investment holding company, currently shows a dividend yield of about 1.55% relative to its recent price (as of Jul 11, 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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