MKH Bhd (6114) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of MKH Bhd MYR 4.33, price MYR 1.99, upside +117.6%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
MKH Bhd (6114) currently trades at 1.99 MYR, while our model-based Fair Value estimate is 4.33 MYR, implying the stock looks roughly 54.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 5.06 MYR per share, and 14 of the 16 models we run sit above the 1.99 MYR price.
Bear case: the Economic Profit group reads lowest at 2.15 MYR, and 2 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 3.08 MYR (bear) to 5.58 MYR (bull), the price of 1.99 MYR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
MKH Bhd 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.
Key figures
Market cap 1.1B MYR (≈ $282M) · P/E ratio 14.2 · P/S ratio 1.35 · EPS (TTM) 0.1400 MYR · Dividend yield 1.5% · Net margin 9.5% · Return on equity 4.4% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 119% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 118%, 6114 screens cheaper than that median.
Fair Value models
Bear 3.08 MYRFair Value 4.33 MYRBull 5.58 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.1085 MYR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.1%
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+3.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2% vs −10%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 19%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−6.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −8.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate - Development · 577 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+118% · Top 25%
Profitability
Return on equity (TTM)4% · Above median
Return on assets2% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)9% · Below median
Growth and dividend
Revenue growth−32% · Below median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "MKH Bhd Fair Value". https://www.fairvalue-calculator.com/stock/6114
Frequently asked questions
Is MKH Bhd (6114) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 4.33 MYR versus a price of 1.99 MYR, about +118% upside (undervalued).
What is the fair value of 6114?
Our model-based fair value for MKH Bhd is 4.33 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.99 MYR.
What is the quality score of 6114?
MKH Bhd 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 price target for MKH Bhd (6114)?
Our model-based price target is the fair value of 4.33 MYR (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 3.08 MYR, optimistic scenario 5.58 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the MKH Bhd stock forecast for 2026?
Our models put fair value at 4.33 MYR, about +118% upside versus a price of 1.99 MYR (undervalued). Cautious scenario 3.08 MYR, optimistic scenario 5.58 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of MKH Bhd (6114)?
MKH Bhd reported trailing-twelve-month revenue of about 805M MYR (latest available figure, as of Sep 24, 2026).
Does MKH Bhd pay a dividend?
MKH Bhd currently shows a dividend yield of about 1.51% relative to its recent price (as of Sep 24, 2026).
What growth is priced into MKH Bhd (6114)?
For today's price to be fair in a discounted-cash-flow model, MKH Bhd would have to grow free cash flow by -6.9 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6114 use?
Our models discount MKH Bhd at 13.6 %: a base by market capitalisation (micro), damped by beta 0.87, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For MKH Bhd that is -6.9 % per year a year over ten years, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has MKH Bhd (6114) delivered so far?
Over the past 5 years revenue at MKH Bhd grew +0.9 % a year. The price currently implies -6.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of MKH Bhd (6114) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into MKH Bhd (-6.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MKH Bhd (6114)?
The free-cash-flow yield on the price is 15.92 %: that much free cash flow MKH Bhd produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MKH Bhd (6114)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MKH Bhd it is 4.33 MYR per share (as of Sep 24, 2026), against a price of 1.99 MYR. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is MKH Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6114 trades below its calculated fair value: price 1.99 MYR, fair value 4.33 MYR, a gap of about +118% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6114?
No. The price is what the market pays today (1.99 MYR); the fair value is what the company's own numbers justify (4.33 MYR). For MKH Bhd the two are 2.34 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is MKH Bhd worth?
The market values MKH Bhd at about 1.1B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 1.99 MYR; our models calculate a fair value of 4.33 MYR per share.
What do the bullish and bearish scenarios say about 6114?
Our models span a range for MKH Bhd: cautious scenario 3.08 MYR, base 4.33 MYR, optimistic 5.58 MYR per share (as of Sep 24, 2026, price 1.99 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6114?
MKH Bhd trades at a price-to-earnings ratio of 14.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 4.33 MYR is built from several models across several years. Other multiples: PEG 0.8, P/B 0.2, P/S 0.4.
What is the PEG ratio of 6114?
The PEG ratio of MKH Bhd is 0.83 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of MKH Bhd (6114)?
Balance-sheet figures for MKH Bhd (as of Sep 24, 2026): return on equity 4.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 6114 from its 52-week high?
MKH Bhd trades at 1.99 MYR, at its 52-week high of 1.99 MYR and 119% above the low of 0.9100 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 4.33 MYR is for.
Which stocks are comparable to MKH Bhd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MKH Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 1.99 MYR, calculated fair value 4.33 MYR (+118%), Quality Score 68/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6114 calculated?
We run MKH Bhd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 4.33 MYR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. MKH Bhd currently trades 118 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of MKH Bhd (6114)?
The closing price on Sep 24, 2026 was 1.99 MYR. Our model-based fair value is 4.33 MYR, about +118% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MKH Bhd right now?
The price is below even our cautious bear case (3.08 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. 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.
Key figures of MKH Bhd
How large is the market capitalisation of MKH Bhd (6114)?
The market capitalisation of MKH Bhd is 1.1B MYR (≈ $282M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of MKH Bhd (6114)?
The price-to-sales ratio of MKH Bhd is 1.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of MKH Bhd (6114)?
Earnings per share at MKH Bhd are 0.1400 MYR (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MKH Bhd (6114)?
The dividend yield of MKH Bhd is 1.5% (payout 21.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of MKH Bhd (6114)?
The net margin of MKH Bhd is 9.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of MKH Bhd (6114)?
The return on equity (ROE) of MKH Bhd is 4.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of MKH Bhd (6114)?
On an EBIT basis the return on assets of MKH Bhd is 5.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of MKH Bhd (6114)?
The operating margin of MKH Bhd is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MKH Bhd (6114)?
Revenue at MKH Bhd is growing −32.3% versus a year earlier (3y avg −0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at MKH Bhd (6114)?
Earnings per share at MKH Bhd are growing +58.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does MKH Bhd (6114) hold?
MKH Bhd holds more cash than debt, 93.4M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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