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HCK Capital Group (7105) Fair Value & Analysis

Real Estate · MY · Market cap 1.4B MYR

HC HCK Capital Group 7105 · KLSE
Price2.17 MYR
Fair Value0.5900 MYR
Upside-72.8%
Quality28/100
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Expensive Growth
Solidly profitable · 12.1% net margin
Moderate debt · negative free cash flow
0.47% dividend yield
Trails peers (4/13)
Narrow moat 34/100
Evidence: High Range 0.4500 MYR – 0.7400 MYR Share as image

Fair value as of: Jul 18, 2026

From 7 valuation models · updated 24 days ago

Fair value updated Jul 18, 2026, revised from 0.6000 MYR to 0.5900 MYR (−1.7%) since Jun 26, 2026. Share price +0.9% over the past month.

Below-average quality, and screening another 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.7400 MYR). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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)

2.26 MYR 1.17 MYR Fair Value 0.5900 MYR Jul 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 1.17 MYR – 2.26 MYR · fair‑value band 0.4500 MYR – 0.7400 MYR · the 2.17 MYR price screens above the 0.5900 MYR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

HCK Capital Group (7105) currently trades at 2.17 MYR, while our model-based Fair Value estimate is 0.5900 MYR, implying the stock looks roughly 72.8% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Real Estate 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: high).

Over the trailing twelve months, HCK Capital Group generated revenue of 154M MYR at a net margin of 12.1%. Revenue grew 29.6% year over year. It earns a return on equity of 3.6%. Net debt stands at 267M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.4500 MYR (bear case) to 0.7400 MYR (bull case); at 2.17 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 2% below its 52-week high and 5% 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 -73%, 7105 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 0.5700 MYR 0.4800 MYR 76
P/S Multiple 0.4500 MYR 0.5900 MYR 0.7400 MYR 58
P/B Multiple 0.4500 MYR 0.5900 MYR 0.7400 MYR 55
All 7 models by family
Multiples
P/S Multiple 0.4500 MYR 0.5900 MYR 0.7400 MYR 58
P/B Multiple 0.4500 MYR 0.5900 MYR 0.7400 MYR 55
EV/EBIT 0.5300 MYR 0.8300 MYR 1.13 MYR 53
EV/EBITDA 0.5100 MYR 0.8100 MYR 1.10 MYR 54
EV/Revenue 0.1300 MYR 0.3400 MYR 0.5500 MYR 43
Asset-Based
NCAV (Graham) 0.4200 MYR 0.5600 MYR 0.8400 MYR 50
Economic Profit
Residual Income 0.5900 MYR 0.5700 MYR 0.4800 MYR 76

Widest divergence: Multiples (0.5900 MYR) versus Asset-Based (0.5600 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 154M MYR
Revenue growth (YoY) +29.6%
Net margin 12.1%
Return on equity 3.6%
Free cash flow −137M MYR FY2025
P/E ratio 71.3
More key figures
Operating margin 1.1%
EPS (TTM) 0.0300 MYR
Dividend yield 0.5%
EPS growth (YoY) +150%
Net debt 267M MYR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 28 · Market factors (momentum, volatility) 61

Profitability 25
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 26
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

HCK Capital Group Berhad, an investment holding company, provides property development, investment, letting, management, sale, and trading services in Malaysia. It operates in three segments: Property Development, Platforms, and Others; Platforms; and Others segments.

Full company description

HCK Capital Group Berhad, an investment holding company, provides property development, investment, letting, management, sale, and trading services in Malaysia. It operates in three segments: Property Development, Platforms, and Others; Platforms; and Others segments. The company also provides value engineering, consultancy, development and technology services; and consultancy, development and technology services. In addition, the company engages in advanced dtechnology development, and projects advisory and related engineering works; development of software and information technology related services; research, maintenance, implementation, and other information technology activities; and buying, selling, renting, and operating of self-owned or leased real estate. Additionally, it provides e-branding, e-marketing, and e-referral solutions; value engineering apps and solution for construction; and acts as a sales agent for financial institution to market and sell bank products. The company was formerly known as Golsta Synergy Berhad and changed its name to HCK Capital Group Berhad in June 2014. The company was incorporated in 1999 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HCK Capital Group reported revenue of 146M MYR in FY2025 versus 117M MYR in FY2021, a compound +5.7%/yr. Reported net income was 22.1M MYR in FY2025, compounding +79.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
146M 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.
+61.5%
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.
+40.4%
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.
+25.3%
Revenue +5.7%/yr
FY21 117M MYR
FY22 184M MYR
FY23 218M MYR
FY24 493M MYR
FY25 146M MYR
Net income +79.7%/yr
FY21 2.1M MYR
FY22 10.9M MYR
FY23 25.0M MYR
FY24 20.7M MYR
FY25 22.1M MYR

7105 screens 73% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "HCK Capital Group Fair Value". https://www.fairvalue-calculator.com/stock/7105

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 28 · Bottom 25%
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 4% · Above median
Return on assets 2% · Above median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 1% · Below median
Revenue growth 30% · Above median
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.73× · Higher than 75% of peers

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

P/E (TTM) 71.7× · Pricier than 75% of peers
P/B 0.63× · Pricier than median
P/S (TTM) 2.16× · Pricier than median
EV/EBITDA 11.5× · 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 0 · sector 48
FUTURE 100 · sector 0
PAST 15 · sector 10
HEALTH 64 · sector 84
DIVIDEND 9 · sector 38

VALUE 0: the price sits above our fair-value range.

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 18, 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 HCK Capital Group (7105) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.5900 MYR versus a price of 2.17 MYR, about −73% (overvalued).
What is the fair value of 7105?
Our model-based fair value for HCK Capital Group is 0.5900 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 2.17 MYR.
What is the quality score of 7105?
HCK Capital Group has a Quality Score of 28/100. 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 HCK Capital Group (7105)?
HCK Capital Group reported trailing-twelve-month revenue of about 154M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 7105?
The net profit margin of HCK Capital Group is about 12.1%, meaning it keeps roughly 12.1% of revenue as net income. Based on the latest reported figures.
Does HCK Capital Group pay a dividend?
HCK Capital Group currently shows a dividend yield of about 0.47% relative to its recent price (as of Jul 18, 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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