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Eco World Development Group (8206) Fair Value & Analysis

Real Estate · MY · Market cap 6.8B MYR

EW Eco World Development Group 8206 · KLSE
Price2.08 MYR
Fair Value2.31 MYR
Upside+11.1%
Quality54/100
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Healthy Growth
Solidly profitable · 14.0% net margin
Moderate debt · generates free cash flow
3.83% dividend yield
Ranks above peers (10/15)
Moderate moat 55/100
Evidence: Medium Range 1.73 MYR – 2.88 MYR Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 28 days ago

Share price −1.4% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from 1.73 MYR (bear) to 2.88 MYR (bull), base 2.31 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

2.26 MYR 0.4466 MYR Fair Value 2.31 MYR Mar 2021 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 0.4466 MYR – 2.26 MYR · fair‑value band 1.73 MYR – 2.88 MYR · the 2.08 MYR price screens below the 2.31 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Eco World Development Group (8206) currently trades at 2.08 MYR, while our model-based Fair Value estimate is 2.31 MYR, implying the stock looks roughly 11.1% undervalued today. The Quality Score stands at 54/100 (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, Eco World Development Group generated revenue of 3.7B MYR at a net margin of 13.7%. Revenue grew 150.8% year over year. It earns a return on equity of 9.5%. Net debt stands at 3.9B MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 1.73 MYR (bear case) to 2.88 MYR (bull case); at 2.08 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 9% below its 52-week high and 22% 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 11%, 8206 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 BearBaseBull Evidence
Highest evidence
Growth DCF 2.15 MYR 4.81 MYR 9.11 MYR 80
Residual Income 1.55 MYR 1.63 MYR 1.71 MYR 76
Rev-Margin DCF 1.88 MYR 3.96 MYR 8.30 MYR 74
All 16 models by family
DCF Models
FCF DCF 2.34 MYR 4.04 MYR 9.32 MYR 38
5Y Revenue Exit 1.63 MYR 3.36 MYR 6.97 MYR 39
5Y EBITDA Exit 2.18 MYR 4.48 MYR 8.97 MYR 41
10Y Revenue Exit 1.80 MYR 4.77 MYR 6.62 MYR 36
10Y EBITDA Exit 2.28 MYR 5.93 MYR 12.27 MYR 37
Dividend Discount
Gordon GGM 0.5800 MYR 1.15 MYR 1.74 MYR 70
DDM Multi-Stage 0.5800 MYR 0.9900 MYR 1.22 MYR 61
Multiples
P/S Multiple 1.73 MYR 2.31 MYR 2.88 MYR 58
P/B Multiple 1.73 MYR 2.31 MYR 2.88 MYR 55
EV/EBIT 2.72 MYR 3.89 MYR 5.06 MYR 53
EV/EBITDA 2.03 MYR 2.97 MYR 3.91 MYR 54
EV/Revenue 1.14 MYR 1.97 MYR 2.80 MYR 43
Asset-Based
NCAV (Graham) 0.9700 MYR 1.30 MYR 1.93 MYR 50
Growth DCF
Growth DCF 2.15 MYR 4.81 MYR 9.11 MYR 80
Rev-Margin DCF 1.88 MYR 3.96 MYR 8.30 MYR 74
Economic Profit
Residual Income 1.55 MYR 1.63 MYR 1.71 MYR 76

Widest divergence: DCF Models (4.48 MYR) versus Dividend Discount (0.9900 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.7B MYR
Revenue growth (YoY) +151%
Net margin 13.7%
Return on equity 9.5%
Free cash flow 638M MYR FY2025
P/E ratio 13.1
More key figures
Operating margin 16.6%
EPS (TTM) 0.1600 MYR
Dividend yield 3.8%
EPS growth (YoY) +84.9%
Net debt 3.9B MYR FY2025

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 56 · Market factors (momentum, volatility) 54

Profitability 31
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 47
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

Eco World Development Group Berhad, together with its subsidiaries, engages in the property development business in Malaysia, the United Kingdom, and Australia. It operates through three segments: Residential, Commercial, and Industrial. The company offers landed homes, high-rise residential apartments, offices and retail spaces, and green industrial parks.

Full company description

Eco World Development Group Berhad, together with its subsidiaries, engages in the property development business in Malaysia, the United Kingdom, and Australia. It operates through three segments: Residential, Commercial, and Industrial. The company offers landed homes, high-rise residential apartments, offices and retail spaces, and green industrial parks. It is also involved in property investment holding; property and project management; construction; provision of digital solutions; traders or business of building materials; marketing; and consultancy services. The company was formerly known as Focal Aims Holdings Berhad and changed its name to Eco World Development Group Berhad in December 2013. Eco World Development Group Berhad was incorporated in 1974 and is headquartered in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eco World Development Group reported revenue of 3.0B MYR in FY2025 versus 2.0B MYR in FY2021, a compound +10.4%/yr. Reported net income was 438M MYR in FY2025, compounding +24.4%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.0B MYR
Latest YoY
+34.4%
Avg. growth/yr (3Y)
+14.1%
Avg. growth/yr (5Y)
+8.7%
Avg. growth/yr (19Y)
+24.5%
Revenue +10.4%/yr
FY21 2.0B MYR
FY22 2.0B MYR
FY23 2.2B MYR
FY24 2.3B MYR
FY25 3.0B MYR
Net income +24.4%/yr
FY21 183M MYR
FY22 157M MYR
FY23 189M MYR
FY24 304M MYR
FY25 438M MYR

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Cite: Fair Value Calculator (2026). "Eco World Development Group Fair Value". https://www.fairvalue-calculator.com/stock/8206

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 55 · Above median
Fair Value upside +11% · Above median
Return on equity (TTM) 10% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 14% · Above median
Operating margin (TTM) 21% · Above median
Revenue growth -9% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.57× · Higher than median

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

P/E (TTM) 13.1× · Pricier than median
P/B 0.27× · Cheaper than median
P/S (TTM) 0.45× · Cheaper than median
P/FCF 2.6× · Pricier than median
EV/EBITDA 5.5× · Cheaper than median
PEG 0.84× · 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 48 · sector 48
FUTURE 0 · sector 0
PAST 38 · sector 10
HEALTH 72 · sector 84
DIVIDEND 77 · sector 38

Insider activity: 40/100

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 12, 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 Eco World Development Group (8206) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 2.31 MYR versus a price of 2.08 MYR, about +11% (undervalued).
What is the fair value of 8206?
Our model-based fair value for Eco World Development Group is 2.31 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 2.08 MYR.
What is the quality score of 8206?
Eco World Development Group has a Quality Score of 54/100. 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 Eco World Development Group (8206)?
Eco World Development Group reported trailing-twelve-month revenue of about 3.7B MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 8206?
The net profit margin of Eco World Development Group is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. Based on the latest reported figures.
Does Eco World Development Group pay a dividend?
Eco World Development Group currently shows a dividend yield of about 3.98% relative to its recent price (as of Jul 12, 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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