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Aseana Properties Limited (ASPL) Fair Value & Analysis

Real Estate · GB · Market cap $2.2B

AP Aseana Properties Limited ASPL · LSE
Price$0.0700
Fair Value$0.0680
Upside-2.9%
Quality52/100
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Strengths

Highly profitable · 84.7% net margin
Ranks above peers (6/10)
Wide moat 75/100

Risks

!Mixed Growth
!Low debt · negative free cash flow
!Weak on valuation: 29 out of 100
!Weak on dividend: 2 out of 100
Mixed Growth
Highly profitable · 84.7% net margin
Low debt · negative free cash flow
Ranks above peers (6/10)
Wide moat 75/100
Evidence: High Range $0.0517 – $0.0898 Share as image

Fair value as of: Aug 19, 2026

From 8 valuation models · updated yesterday

Share price +7.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • 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)

$0.3200 $0.0650 Fair Value $0.0680 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $0.0650 – $0.3200 · fair‑value band $0.0517 – $0.0898 · the $0.0700 price screens above the $0.0680 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Aseana Properties Limited (ASPL) currently trades at $0.0700, while our model-based Fair Value estimate is $0.0680, implying the stock looks roughly 2.9% fairly valued today. The Quality Score stands at 52/100 (solid 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, Aseana Properties Limited generated revenue of $14.4M at a net margin of 84.7%. Revenue grew 29.1% year over year. It earns a return on equity of 25.0%. Net debt stands at $13.2M. Fundamentals as of Aug 19, 2026

Our scenario range runs from $0.0517 (bear case) to $0.0898 (bull case); at $0.0700, 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 22% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 48% fair-value upside, at -3%, ASPL 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 $0.0200 76
Growth-Adj P/E $0.0100 $0.0100 $0.0200 68
P/E Multiple $0.0100 $0.0100 $0.0200 63
All 8 models by family
DCF Models
Owner Earnings $0.0100 $0.0200 31
Earnings-Based
Graham-Dodd $0.0200 $0.0200 54
Lynch FV $0.0100 $0.0100 50
PEG = 1.0 $0.0100 $0.0100 46
Multiples
P/E Multiple $0.0100 $0.0100 $0.0200 63
P/S Multiple $0.0100 $0.0100 $0.0100 58
Economic Profit
Residual Income $0.0200 76
Growth Earnings
Growth-Adj P/E $0.0100 $0.0100 $0.0200 68

Widest divergence: DCF Models ($0.0100) versus DCF Models ($0.0100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) $14.4M
Revenue growth (YoY) +29.1%
Net margin 84.7%
Return on equity 25.0%
Free cash flow −$1.5M FY2025
P/E ratio 0.0 as of Jun 2, 2026
More key figures
Operating margin 158%
EPS (TTM) $0.0500
Net debt $13.2M FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 42 · Market factors (momentum, volatility) 50

Profitability 55
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 17
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

Aseana Properties Limited, an investment holding company, operates in property development activities in Malaysia. The company engages in the development of upscale residential and hospitality projects; and sale of development lands It also operates and sells hotel and mall assets.

Full company description

Aseana Properties Limited, an investment holding company, operates in property development activities in Malaysia. The company engages in the development of upscale residential and hospitality projects; and sale of development lands It also operates and sells hotel and mall assets. Aseana Properties Limited was incorporated in 2006 and is based in Saint Helier, Jersey.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aseana Properties Limited reported revenue of $32.4M in FY2025 versus $6.3M in FY2021, a compound +50.7%/yr. Reported net income was $12.2M in FY2025.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$32.4M
Latest YoY
+75.2%
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.
+39.4%
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.
+35.0%
Avg. growth/yr (18Y) 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.
−1.8%
Revenue +50.7%/yr
FY21 $6.3M
FY22 $12.0M
FY23 $15.7M
FY24 $18.5M
FY25 $32.4M
Net income
FY21 −$5.8M
FY22 −$15.9M
FY23 −$8.7M
FY24 −$9.9M
FY25 $12.2M

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Cite: Fair Value Calculator (2026). "Aseana Properties Limited Fair Value". https://www.fairvalue-calculator.com/stock/ASPL

Peer Group

Real Estate - Development · 593 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 50 · Above median
Fair Value upside −3% · Below median
Return on equity (TTM) 25% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 85% · Top 25%
Operating margin (TTM) 158% · Top 25%
Revenue growth 29% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.39× · Higher than median

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

P/E (TTM) 0.0× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE29 · sector 47
FUTURE100 · sector 0
PAST100 · sector 9
HEALTH80 · sector 85
DIVIDEND2 · sector 56

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

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 73,800 VND 109,431 VND +48%
DLF Limited DLF ₹667.10 ₹170.24 -74%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 -53%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 610.00 IDR 1,525 IDR +150%
PT Sentul City Tbk, BKSL 77.00 IDR 192.50 IDR +150%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%

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Frequently asked questions

Is Aseana Properties Limited (ASPL) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of $0.0680 versus a price of $0.0700, about −3% (fairly valued).
What is the fair value of ASPL?
Our model-based fair value for Aseana Properties Limited is $0.0680 (as of Aug 19, 2026), built from audited fundamentals. The current price: $0.0700.
What is the quality score of ASPL?
Aseana Properties Limited has a Quality Score of 52/100. 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 Aseana Properties Limited (ASPL)?
Aseana Properties Limited reported trailing-twelve-month revenue of about $14.4M (latest available figure, as of Aug 19, 2026).
What is the net profit margin of ASPL?
The net profit margin of Aseana Properties Limited is about 84.7%, meaning it keeps roughly 84.7% of revenue as net income. Based on the latest reported figures.

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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