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BCB Berhad, an investment holding company, (6602) Fair Value & Analysis

Real Estate · MY · Market cap 94.8M MYR

BB BCB Berhad, an investment holding company, 6602 · KLSE
Price0.2300 MYR
Fair Value0.3800 MYR
Upside+65.2%
Quality44/100
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Weak Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
Ranks above peers (8/12)
Narrow moat 37/100
Evidence: High Range 0.2900 MYR – 0.5500 MYR Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Share price −2.1% over the past month.

Below-average quality, screening 65% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (0.2900 MYR). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (0.2900 MYR to 0.5500 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)

0.5100 MYR 0.2030 MYR Fair Value 0.3800 MYR Dec 2019 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

60‑month range 0.2030 MYR – 0.5100 MYR · fair‑value band 0.2900 MYR – 0.5500 MYR · the 0.2300 MYR price screens below the 0.3800 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

BCB Berhad, an investment holding company, (6602) currently trades at 0.2300 MYR, while our model-based Fair Value estimate is 0.3800 MYR, implying the stock looks roughly 65.2% undervalued today. The Quality Score stands at 44/100 (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: high), always confirm before acting.

Over the trailing twelve months, BCB Berhad, an investment holding company, generated revenue of 357M MYR at a net margin of 5.7%. Revenue grew 141.7% year over year. It earns a return on equity of 3.6%. Net debt stands at 336M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.2900 MYR (bear case) to 0.5500 MYR (bull case); at 0.2300 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 26% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 65%, 6602 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 0.1000 MYR 0.2700 MYR 80
Residual Income 0.8500 MYR 0.7800 MYR 0.5200 MYR 76
Rev-Margin DCF 0.1000 MYR 0.3800 MYR 0.7400 MYR 74
All 16 models by family
DCF Models
FCF DCF 0.1000 MYR 0.2900 MYR 38
5Y Revenue Exit 0.1000 MYR 0.3700 MYR 0.7700 MYR 39
5Y EBITDA Exit 0.2600 MYR 0.6500 MYR 1.17 MYR 41
10Y Revenue Exit 0.0200 MYR 0.2000 MYR 0.3900 MYR 36
10Y EBITDA Exit 0.1200 MYR 0.3500 MYR 0.5900 MYR 37
Dividend Discount
Gordon GGM 0.1000 MYR 0.1100 MYR 0.1200 MYR 70
DDM Multi-Stage 0.1000 MYR 0.1200 MYR 0.1400 MYR 61
Multiples
P/S Multiple 0.2900 MYR 0.3800 MYR 0.4800 MYR 58
P/B Multiple 0.2900 MYR 0.3800 MYR 0.4800 MYR 55
EV/EBIT 0.8700 MYR 1.31 MYR 1.76 MYR 53
EV/EBITDA 0.6700 MYR 1.06 MYR 1.44 MYR 54
EV/Revenue 0.2600 MYR 0.5800 MYR 0.9000 MYR 43
Asset-Based
NCAV (Graham) 0.6700 MYR 0.9000 MYR 1.34 MYR 50
Growth DCF
Growth DCF 0.1000 MYR 0.2700 MYR 80
Rev-Margin DCF 0.1000 MYR 0.3800 MYR 0.7400 MYR 74
Economic Profit
Residual Income 0.8500 MYR 0.7800 MYR 0.5200 MYR 76

Widest divergence: Asset-Based (0.9000 MYR) versus Growth DCF (0.1000 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 357M MYR
Revenue growth (YoY) +142%
Net margin 5.7%
Return on equity 3.6%
Free cash flow 25.9M MYR FY2025
P/E ratio 4.8
More key figures
Operating margin 8.5%
EPS (TTM) 0.0500 MYR
EPS growth (YoY) +191%
Net debt 336M MYR FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 44 · Market factors (momentum, volatility) 36

Profitability 16
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 80
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

BCB Berhad, an investment holding company, engages in property development and hotel operations in Malaysia. It operates through Property Development and Management Services, Construction and Related Activities, and Others segments.

Full company description

BCB Berhad, an investment holding company, engages in property development and hotel operations in Malaysia. It operates through Property Development and Management Services, Construction and Related Activities, and Others segments. The company is involved in the development and property management of residential and commercial properties; and securing and carrying out of construction contracts. It also engages in the operation of hotels and restaurants; project and road construction; trading in building materials; letting of properties; general construction; project management; and property investment activities. The company was formerly known as Kemajuan Buditama Sdn. Bhd. and changed its name to BCB Berhad in August 1995. BCB Berhad was incorporated in 1988 and is headquartered in Kluang, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BCB Berhad, an investment holding company, reported revenue of 208M MYR in FY2025 versus 199M MYR in FY2021, a compound +1.2%/yr. Reported net income was 9.1M MYR in FY2025, compounding −12.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
208M MYR
Latest YoY
−6.5%
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.
−1.7%
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.
−3.9%
Avg. growth/yr (13Y) 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.
+4.1%
Revenue +1.2%/yr
FY21 199M MYR
FY22 220M MYR
FY23 245M MYR
FY24 223M MYR
FY25 208M MYR
Net income −12.7%/yr
FY21 15.6M MYR
FY22 21.2M MYR
FY23 25.0M MYR
FY24 15.5M MYR
FY25 9.1M MYR

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Cite: Fair Value Calculator (2026). "BCB Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/6602

Peer Group

Real Estate - Diversified · 137 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 45 · Below median
Fair Value upside +65% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Above median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth 142% · Top 25%
Debt / equity 0.43× · Lower than median

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

P/E (TTM) 4.7× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.9× · Cheaper than median
EV/EBITDA 4.3× · 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 46
FUTURE 100 · sector 32
PAST 14 · sector 17
HEALTH 78 · sector 75
DIVIDEND 0 · sector 45

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.

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Frequently asked questions

Is BCB Berhad, an investment holding company, (6602) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.3800 MYR versus a price of 0.2300 MYR, about +65% (undervalued).
What is the fair value of 6602?
Our model-based fair value for BCB Berhad, an investment holding company, is 0.3800 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.2300 MYR.
What is the quality score of 6602?
BCB Berhad, an investment holding company, has a Quality Score of 44/100. 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 BCB Berhad, an investment holding company, (6602)?
BCB Berhad, an investment holding company, reported trailing-twelve-month revenue of about 357M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 6602?
The net profit margin of BCB Berhad, an investment holding company, is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.

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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