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Pasdec Holdings (6912) Fair Value & Analysis

Real Estate · MY · Market cap 118M MYR

PH Pasdec Holdings 6912 · KLSE
Price0.2700 MYR
Fair Value0.3500 MYR
Upside+29.6%
Quality64/100
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Mixed Growth
Highly profitable · 61.3% net margin
Low debt · negative free cash flow
5.17% dividend yield
Ranks above peers (12/12)
Wide moat 73/100
Evidence: High Range 0.2600 MYR – 0.4400 MYR Share as image

Fair value as of: Jul 20, 2026

From 9 valuation models · updated 21 days ago

Share price −10.0% over the past month.

A solid business, screening 30% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

0.3735 MYR 0.1706 MYR Fair Value 0.3500 MYR Apr 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 0.1706 MYR – 0.3735 MYR · fair‑value band 0.2600 MYR – 0.4400 MYR · the 0.2700 MYR price screens below the 0.3500 MYR fair value. Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Pasdec Holdings (6912) currently trades at 0.2700 MYR, while our model-based Fair Value estimate is 0.3500 MYR, implying the stock looks roughly 29.6% undervalued today. The Quality Score stands at 64/100 (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: high), always confirm before acting.

Over the trailing twelve months, Pasdec Holdings generated revenue of 98.0M MYR at a net margin of 61.3%. It earns a return on equity of 15.4%. Net debt stands at 8.7M MYR. The stock trades on a trailing P/E of 2.0. Fundamentals as of Jul 20, 2026

Our scenario range runs from 0.2600 MYR (bear case) to 0.4400 MYR (bull case); at 0.2700 MYR, the current price sits within 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 14% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 30%, 6912 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.

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
Residual Income 0.5900 MYR 0.5500 MYR 0.3800 MYR 76
Gordon GGM 0.0900 MYR 0.1000 MYR 0.1100 MYR 70
DDM Multi-Stage 0.0900 MYR 0.1000 MYR 0.1200 MYR 61
All 9 models by family
Dividend Discount
Gordon GGM 0.0900 MYR 0.1000 MYR 0.1100 MYR 70
DDM Multi-Stage 0.0900 MYR 0.1000 MYR 0.1200 MYR 61
Multiples
P/S Multiple 0.2600 MYR 0.3500 MYR 0.4400 MYR 58
P/B Multiple 0.2600 MYR 0.3500 MYR 0.4400 MYR 55
EV/EBIT 0.3900 MYR 0.5100 MYR 0.6300 MYR 53
EV/EBITDA 0.3600 MYR 0.4700 MYR 0.5800 MYR 54
EV/Revenue 0.2200 MYR 0.3100 MYR 0.3900 MYR 43
Asset-Based
NCAV (Graham) 0.4600 MYR 0.6100 MYR 0.9100 MYR 50
Economic Profit
Residual Income 0.5900 MYR 0.5500 MYR 0.3800 MYR 76

Widest divergence: Asset-Based (0.6100 MYR) versus Dividend Discount (0.1000 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 98.0M MYR
Revenue growth (YoY) +595%
Net margin 61.3%
Return on equity 15.4%
Free cash flow −185K MYR FY2025
P/E ratio 2.0
More key figures
Operating margin 91.3%
EPS (TTM) 0.1500 MYR
Dividend yield 5.2%
EPS growth (YoY) +4,118%
Net debt 8.7M MYR FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 56 · Market factors (momentum, volatility) 43

Profitability 32
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 36
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

Pasdec Holdings Berhad, an investment holding company, engages in property development business in Malaysia. It operates through four segments, Investment holding, Property Development, Construction, and Others.

Full company description

Pasdec Holdings Berhad, an investment holding company, engages in property development business in Malaysia. It operates through four segments, Investment holding, Property Development, Construction, and Others. The company also constructs residential and commercial properties; and provides project management, property management, and building and civil construction services. Pasdec Holdings Berhad was incorporated in 1995 and is based in Kuantan, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pasdec Holdings reported revenue of 32.9M MYR in FY2025 versus 39.7M MYR in FY2021, a compound −4.6%/yr. Reported net income was 8.3M MYR in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
32.9M MYR
Latest YoY
+11.5%
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.
+14.8%
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.
−6.1%
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.
−11.5%
Revenue −4.6%/yr
FY21 39.7M MYR
FY22 21.7M MYR
FY23 36.4M MYR
FY24 29.5M MYR
FY25 32.9M MYR
Net income
FY21 −2.8M MYR
FY22 −15.8M MYR
FY23 7.3M MYR
FY24 7.1M MYR
FY25 8.3M MYR

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Cite: Fair Value Calculator (2026). "Pasdec Holdings Fair Value". https://www.fairvalue-calculator.com/stock/6912

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 64 · Top 25%
Fair Value upside +30% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 61% · Top 25%
Operating margin (TTM) 91% · Top 25%
Revenue growth 595% · Top 25%
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.04× · Lower than 75% of peers

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

P/E (TTM) 2.0× · Cheaper than 75% of peers
P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 0.30× · Cheaper 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 73 · sector 48
FUTURE 100 · sector 0
PAST 61 · sector 10
HEALTH 98 · sector 84
DIVIDEND 100 · 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 20, 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 Pasdec Holdings (6912) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 0.3500 MYR versus a price of 0.2700 MYR, about +30% (undervalued).
What is the fair value of 6912?
Our model-based fair value for Pasdec Holdings is 0.3500 MYR (as of Jul 20, 2026), built from audited fundamentals. The current price is 0.2700 MYR.
What is the quality score of 6912?
Pasdec Holdings has a Quality Score of 64/100. 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 Pasdec Holdings (6912)?
Pasdec Holdings reported trailing-twelve-month revenue of about 98.0M MYR (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 6912?
The net profit margin of Pasdec Holdings is about 61.3%, meaning it keeps roughly 61.3% of revenue as net income. Based on the latest reported figures.
Does Pasdec Holdings pay a dividend?
Pasdec Holdings currently shows a dividend yield of about 5.00% relative to its recent price (as of Jul 20, 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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