Ideal United Bintang Bhd (9687) fair value: what the stock is really worth
As of Sep 17, 2026: fair value of Ideal United Bintang Bhd MYR 2.19, price MYR 1.14, upside +92.1%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Ideal Capital Berhad, an investment holding company, engages in the property development business in Malaysia. It operates through three segments: Property Development; Trading; and Project Investment and Project Management.
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Ideal Capital Berhad, an investment holding company, engages in the property development business in Malaysia. It operates through three segments: Property Development; Trading; and Project Investment and Project Management. The company engages in the trading of heavy machinery and spare parts, and disinfectant products; property investment and management; and asset management activities. It also provides energy management services; manufactures and trades in sterilisation and sanitisation, and pharmaceutical products; develops industrial parks; and trades in industrial land and building materials, as well as engages in the rental business. The company was formerly known as Ideal United Bintang International Berhad and changed its name to Ideal Capital Berhad in June 2022. The company was incorporated in 1979 and is based in Bayan Lepas, Malaysia. Ideal Capital Berhad is a subsidiary of ICT Innotech Sdn. Bhd.
Stock analysis
Ideal United Bintang Bhd (9687) currently trades at 1.14 MYR, while our model-based Fair Value estimate is 2.19 MYR, implying the stock looks roughly 47.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 6.12 MYR per share, and 7 of the 9 models we run sit above the 1.14 MYR price.
Bear case: the Asset-Based group reads lowest at 1.18 MYR, and 2 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.68 MYR (bear) to 6.26 MYR (bull), the price of 1.14 MYR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ideal United Bintang Bhd reported revenue of 1.2B MYR in FY2025 versus 473M MYR in FY2021, a compound +27.0%/yr. Reported net income was 154M MYR in FY2025, compounding +27.1%/yr from FY2021.
Key figures
Market cap 1.9B MYR (≈ $456M) · P/E ratio 12.4 · P/S ratio 1.55 · EPS (TTM) 0.3000 MYR · Dividend yield 0.3% · Net margin 12.5% · Return on equity 21.1% · Return on assets (EBIT) 7.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 72% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 92%, 9687 screens cheaper than that median.
Fair Value models
Bear 1.68 MYRFair Value 2.19 MYRBull 6.26 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2121 MYR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+32.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+43.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+31.2%
Start year 2020 (pandemic). Over 10 years: +60.3% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+37.8%
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What shareholders gained per year (last 5 years), in MYR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+49.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+49.2%
Dividend (yield on the price)0.3%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−18% → 22%
2025 sits 149% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 3.0%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer Groupⓘ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.Real Estate - Development · 578 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+92% · Top 25%
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)13% · Above median
Operating margin (TTM)28% · Top 25%
Growth and dividend
Revenue growth−49% · Bottom 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.46× · Above median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ideal United Bintang Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9687
Frequently asked questions
Is Ideal United Bintang Bhd (9687) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.19 MYR versus the last price from Sep 17, 2026 of 1.14 MYR, about +92% upside (undervalued).
What is the fair value of 9687?
Our model-based fair value for Ideal United Bintang Bhd is 2.19 MYR (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 17, 2026): 1.14 MYR.
What is the quality score of 9687?
Ideal United Bintang Bhd has a Quality Score of 57/100. 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 price target for Ideal United Bintang Bhd (9687)?
Our model-based price target is the fair value of 2.19 MYR (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 1.68 MYR, optimistic scenario 6.26 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Ideal United Bintang Bhd stock forecast for 2026?
Our models put fair value at 2.19 MYR, about +92% upside versus the last price from Sep 17, 2026 of 1.14 MYR (undervalued). Cautious scenario 1.68 MYR, optimistic scenario 6.26 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Ideal United Bintang Bhd (9687)?
Ideal United Bintang Bhd reported trailing-twelve-month revenue of about 1.1B MYR (latest available figure, as of Sep 24, 2026).
Does Ideal United Bintang Bhd pay a dividend?
Ideal United Bintang Bhd currently shows a dividend yield of about 0.27% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Ideal United Bintang Bhd (9687)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ideal United Bintang Bhd it is 2.19 MYR per share (as of Sep 24, 2026), against a price of 1.14 MYR. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Ideal United Bintang Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 9687 trades below its calculated fair value: price 1.14 MYR, fair value 2.19 MYR, a gap of about +92% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 9687?
No. The price is what the market pays today (1.14 MYR); the fair value is what the company's own numbers justify (2.19 MYR). For Ideal United Bintang Bhd the two are 1.05 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Ideal United Bintang Bhd worth?
The market values Ideal United Bintang Bhd at about 1.9B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 1.14 MYR; our models calculate a fair value of 2.19 MYR per share.
What do the bullish and bearish scenarios say about 9687?
Our models span a range for Ideal United Bintang Bhd: cautious scenario 1.68 MYR, base 2.19 MYR, optimistic 6.26 MYR per share (as of Sep 24, 2026, price 1.14 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9687?
Ideal United Bintang Bhd trades at a price-to-earnings ratio of 12.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.19 MYR is built from several models across several years. Other multiples: P/B 0.5, P/S 0.4, EV/EBITDA 3.4.
How solid is the balance sheet of Ideal United Bintang Bhd (9687)?
Balance-sheet figures for Ideal United Bintang Bhd (as of Sep 24, 2026): return on equity 21.1%, debt of 0.46 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 9687 from its 52-week high?
Ideal United Bintang Bhd trades at 1.14 MYR, about 72% below its 52-week high of 4.10 MYR and 2% above the low of 1.11 MYR (as of Sep 17, 2026). Distance from the high says nothing about value: that is what the fair value of 2.19 MYR is for.
Which stocks are comparable to Ideal United Bintang Bhd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ideal United Bintang Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 1.14 MYR, calculated fair value 2.19 MYR (+92%), Quality Score 57/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 9687 calculated?
We run Ideal United Bintang Bhd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2.19 MYR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Ideal United Bintang Bhd currently trades 92 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ideal United Bintang Bhd (9687)?
The latest price we hold is from Sep 17, 2026 and stands at 1.14 MYR. Our model-based fair value is 2.19 MYR, about +92% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ideal United Bintang Bhd right now?
The price is below even our cautious bear case (1.68 MYR). The market is more pessimistic than our downside scenario. The model range is unusually wide (1.68 MYR to 6.26 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Ideal United Bintang Bhd
How large is the market capitalisation of Ideal United Bintang Bhd (9687)?
The market capitalisation of Ideal United Bintang Bhd is 1.9B MYR (≈ $456M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ideal United Bintang Bhd (9687)?
The price-to-sales ratio of Ideal United Bintang Bhd is 1.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ideal United Bintang Bhd (9687)?
Earnings per share at Ideal United Bintang Bhd are 0.3000 MYR (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ideal United Bintang Bhd (9687)?
The dividend yield of Ideal United Bintang Bhd is 0.3% (payout 1.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ideal United Bintang Bhd (9687)?
The net margin of Ideal United Bintang Bhd is 12.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ideal United Bintang Bhd (9687)?
The return on equity (ROE) of Ideal United Bintang Bhd is 21.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ideal United Bintang Bhd (9687)?
On an EBIT basis the return on assets of Ideal United Bintang Bhd is 7.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ideal United Bintang Bhd (9687)?
The operating margin of Ideal United Bintang Bhd is 28.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ideal United Bintang Bhd (9687)?
Revenue at Ideal United Bintang Bhd is growing −49.3% versus a year earlier (3y avg +43.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ideal United Bintang Bhd (9687)?
Earnings per share at Ideal United Bintang Bhd are growing −29.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ideal United Bintang Bhd (9687) generate?
The free cash flow of Ideal United Bintang Bhd is −209M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ideal United Bintang Bhd (9687) carry?
The net debt of Ideal United Bintang Bhd is 406M MYR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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