Bertam Alliance Bhd (9814) fair value: what the stock is really worth
As of Sep 17, 2026: fair value of Bertam Alliance Bhd MYR 0.19, price MYR 0.13, upside +46.2%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.0461 MYR – 0.4531 MYR · the 0.1300 MYR price screens below the 0.1900 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Bertam Alliance Berhad, an investment holding company, engages in the development of residential, commercial, and mixed-development properties in Malaysia. The company operates through three segments: Property Development, Construction and Trading, and Corporate and Other.
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Bertam Alliance Berhad, an investment holding company, engages in the development of residential, commercial, and mixed-development properties in Malaysia. The company operates through three segments: Property Development, Construction and Trading, and Corporate and Other. It is involved in general construction works and supply of building materials, as well as provides construction management services. The company was formerly known as UH Dove Holdings Berhad and changed its name to Bertam Alliance Berhad in January 2003. Bertam Alliance Berhad was incorporated in 1994 and is based in Kota Kinabalu, Malaysia.
Stock analysis
Bertam Alliance Bhd (9814) currently trades at 0.1300 MYR, while our model-based Fair Value estimate is 0.1900 MYR, implying the stock looks roughly 31.6% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.2100 MYR per share, and 2 of the 7 models we run sit above the 0.1300 MYR price.
Bear case: the Multiples group reads lowest at 0.0500 MYR, and 5 of the 7 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bertam Alliance Bhd reported revenue of 25.2M MYR in FY2025 versus 3.5M MYR in FY2021, a compound +63.7%/yr. Reported net income was 1.2M MYR in FY2025.
Key figures
Market cap 62.9M MYR (≈ $15.4M) · P/S ratio 2.16 · Net margin 4.8% · Return on equity 0.9% · Return on assets (EBIT) 0.1% · Operating margin 3.7% · Revenue (TTM) 28.0M MYR · Revenue growth (YoY) +50.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 46%, 9814 screens cheaper than that median.
Fair Value models
Bear 0.1900 MYRFair Value 0.1900 MYRBull 0.1900 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.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.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−23.2%
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.
+5.3%
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.
+31.6%
Start year 2020 (pandemic). Over 10 years: −14.9% 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.
−3.7%
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What shareholders gained per year (last 3 years), in MYR ⓘ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 3 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. 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.
−57.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−57.0%
Dividend (yield on the price)0.0%
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.−638% → 7%
Price, fair value, quality and upside side by side.
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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 Services · 546 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+46% · Above median
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)5% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth50% · Top 25%
Valuation Multiplesvs Real Estate Services 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). "Bertam Alliance Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9814
Frequently asked questions
Is Bertam Alliance Bhd (9814) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1900 MYR versus the last price from Sep 17, 2026 of 0.1300 MYR, about +46% upside (undervalued).
What is the fair value of 9814?
Our model-based fair value for Bertam Alliance Bhd is 0.1900 MYR (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 17, 2026): 0.1300 MYR.
What is the quality score of 9814?
Bertam Alliance Bhd has a Quality Score of 35/100. 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 Bertam Alliance Bhd (9814)?
Our model-based price target is the fair value of 0.1900 MYR (as of Sep 24, 2026) from 7 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Bertam Alliance Bhd stock forecast for 2026?
Our models put fair value at 0.1900 MYR, about +46% upside versus the last price from Sep 17, 2026 of 0.1300 MYR (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Bertam Alliance Bhd (9814)?
Bertam Alliance Bhd reported trailing-twelve-month revenue of about 28.0M MYR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Bertam Alliance Bhd (9814)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bertam Alliance Bhd it is 0.1900 MYR per share (as of Sep 24, 2026), against a price of 0.1300 MYR. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Bertam Alliance Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 9814 trades below its calculated fair value: price 0.1300 MYR, fair value 0.1900 MYR, a gap of about +46% (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 9814?
No. The price is what the market pays today (0.1300 MYR); the fair value is what the company's own numbers justify (0.1900 MYR). For Bertam Alliance Bhd the two are 0.0600 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Bertam Alliance Bhd worth?
The market values Bertam Alliance Bhd at about 62.9M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.1300 MYR; our models calculate a fair value of 0.1900 MYR per share.
How solid is the balance sheet of Bertam Alliance Bhd (9814)?
Balance-sheet figures for Bertam Alliance Bhd (as of Sep 24, 2026): return on equity 0.9%. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 9814 from its 52-week high?
Bertam Alliance Bhd trades at 0.1300 MYR, about 7% below its 52-week high of 0.1400 MYR and 37% above the low of 0.0950 MYR (as of Sep 17, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1900 MYR is for.
Which stocks are comparable to Bertam Alliance Bhd?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Bertam Alliance Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.1300 MYR, calculated fair value 0.1900 MYR (+46%), Quality Score 35/100, from 7 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 9814 calculated?
We run Bertam Alliance Bhd through 7 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 0.1900 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. Bertam Alliance Bhd currently trades 46 % 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 Bertam Alliance Bhd (9814)?
The latest price we hold is from Sep 17, 2026 and stands at 0.1300 MYR. Our model-based fair value is 0.1900 MYR, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bertam Alliance Bhd right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (0.1900 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Bertam Alliance Bhd
How large is the market capitalisation of Bertam Alliance Bhd (9814)?
The market capitalisation of Bertam Alliance Bhd is 62.9M MYR (≈ $15.4M). 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 Bertam Alliance Bhd (9814)?
The price-to-sales ratio of Bertam Alliance Bhd is 2.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Bertam Alliance Bhd (9814)?
The net margin of Bertam Alliance Bhd is 4.8% (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 Bertam Alliance Bhd (9814)?
The return on equity (ROE) of Bertam Alliance Bhd is 0.9% (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 Bertam Alliance Bhd (9814)?
On an EBIT basis the return on assets of Bertam Alliance Bhd is 0.1% (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 Bertam Alliance Bhd (9814)?
The operating margin of Bertam Alliance Bhd is 3.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bertam Alliance Bhd (9814)?
Revenue at Bertam Alliance Bhd is growing +50.3% versus a year earlier (3y avg +5.3%). 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 Bertam Alliance Bhd (9814)?
Earnings per share at Bertam Alliance Bhd are growing +53.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bertam Alliance Bhd (9814) generate?
The free cash flow of Bertam Alliance Bhd is −2.0M 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 Bertam Alliance Bhd (9814) carry?
The net debt of Bertam Alliance Bhd is 7.8M 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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