Multi-Usage Holdings (9539) Fair Value & Analysis
Real Estate · MY · Market cap 19.7M MYR
Fair value as of: Jul 15, 2026
From 7 valuation models · updated 26 days ago
Fair value updated Jul 15, 2026, revised from 0.8900 MYR to 0.9500 MYR (+6.7%) since Jun 26, 2026. Share price −5.4% over the past month.
A solid business, screening 171% undervalued on our models.
What matters now
- The price is below even our cautious bear case (0.8060 MYR). The market is more pessimistic than our downside scenario.
- Solid quality (56/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 0.2650 MYR – 0.8600 MYR · fair‑value band 0.8060 MYR – 1.09 MYR · the 0.3500 MYR price screens below the 0.9500 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Multi-Usage Holdings (9539) currently trades at 0.3500 MYR, while our model-based Fair Value estimate is 0.9500 MYR, implying the stock looks roughly 171.4% undervalued today. The Quality Score stands at 56/100 (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, Multi-Usage Holdings generated revenue of 10.9M MYR at a net margin of 11.6%. Revenue declined 4.0% year over year. It earns a return on equity of 1.4%. The stock trades on a trailing P/E of 12.2. Fundamentals as of Jul 15, 2026
Our scenario range runs from 0.8060 MYR (bear case) to 1.09 MYR (bull case); at 0.3500 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 6% 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 171%, 9539 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.
All 7 models by family
Widest divergence: Multiples (1.45 MYR) versus Economic Profit (0.9100 MYR). Highest evidence: Residual Income (61).
Notify me when 9539 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 36
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
Multi-Usage Holdings Berhad, an investment holding company, engages in the property development activities in Malaysia. It operates through Property development, Contracting, and Others segments. It develops commercial and residential properties; undertakes contracting works and project management services for construction projects.
Full company description
Multi-Usage Holdings Berhad, an investment holding company, engages in the property development activities in Malaysia. It operates through Property development, Contracting, and Others segments. It develops commercial and residential properties; undertakes contracting works and project management services for construction projects. The company also trades in furniture, cement products, bricks, stones, and various building materials and hardware products. Multi-Usage Holdings Berhad was incorporated in 1991 and is headquartered in Penang, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Multi-Usage Holdings reported revenue of 10.8M MYR in FY2025 versus 20.4M MYR in FY2021, a compound −14.6%/yr. Reported net income was 2.1M MYR in FY2025, compounding −21.4%/yr from FY2021.
Watch 9539: get an alert when its fair value changes →
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.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 15, 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% |
Compare Multi-Usage Holdings with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Multi-Usage Holdings (9539) overvalued or undervalued?
What is the fair value of 9539?
What is the quality score of 9539?
What is the revenue of Multi-Usage Holdings (9539)?
What is the net profit margin of 9539?
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.
Track Multi-Usage Holdings and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.