MAS Real Estate Inc (MSP) Fair Value & Analysis
Real Estate · ZA · Market cap 14.6B ZAC · ISIN VGG5884M1041
Strengths
Risks
Fair value as of: Aug 30, 2026
From 16 valuation models · updated today
Fair value updated Aug 30, 2026, revised from R1.13 to R21.24 (+1,779.6%) since Aug 13, 2026. Share price +1.8% over the past month.
A solid business, currently priced close to our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (R14.10 to R28.71) leaves room in how you read the outcome.
- 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 Aug 30, 2026.
How to read this chart
60‑month range R14.00 – R25.85 · fair‑value band R14.10 – R28.71 · the R21.74 price screens above the R21.24 fair value. Dashed = 300-day average. As of Aug 30, 2026.
Analysis
MAS Real Estate Inc (MSP) currently trades at R21.74, while our model-based Fair Value estimate is R21.24, implying the stock looks roughly 2.3% fairly valued today. The Quality Score stands at 59/100 (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, MAS Real Estate Inc generated revenue of 102M ZAR at a net margin of 59.3%. Revenue grew 0.2% year over year. It earns a return on equity of 5.2%. Net debt stands at 417M ZAR. Fundamentals as of Aug 30, 2026
Our scenario range runs from R14.10 (bear case) to R28.71 (bull case); at R21.74, 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. For context, the median of 10 Real Estate peers we cover trades at -34% fair-value upside, at -2%, MSP 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 16 models by family
Widest divergence: Economic Profit (R1.82) versus Growth DCF (R0.1400). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 53
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
MAS P.L.C. is a property investor and operator listed on the main board of the Johannesburg Stock Exchange and with a secondary listing on A2X Limited. The group is internally managed, combining investment, acquisition, leasing, asset and property management, marketing, and finance skills.
Full company description
MAS P.L.C. is a property investor and operator listed on the main board of the Johannesburg Stock Exchange and with a secondary listing on A2X Limited. The group is internally managed, combining investment, acquisition, leasing, asset and property management, marketing, and finance skills. Capital previously invested in WE will be reinvested directly in income property in CEE and indirectly, on a downside protected basis, in developments via further preference shares in the DJV with co-investor, developer and general contractor Prime Kapital. MAS P.L.C. was founded in 2008 in Malta.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MAS Real Estate Inc reported revenue of €102M in FY2025 versus €39.3M in FY2021, a compound +26.9%/yr. Reported net income was €125M in FY2025, compounding +14.9%/yr from FY2021.
of which total revenue +28.4 pp · buybacks/dilution −13.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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Peer Group
Real Estate - Diversified · 135 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 - Diversified 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Corem Property Group CORED | kr 229.00 | kr 121.82 | -47% |
| Swiss Prime Site AG SPSN | CHF 127.40 | CHF 44.83 | -65% |
| Central Pattana Public Company CPN | 66.00 THB | 71.37 THB | +8% |
| Prestige Estates Projects Limited PRESTIGE | ₹1,586 | ₹645.21 | -59% |
| The Phoenix Mills Limited PHOENIXLTD | ₹1,905 | ₹701.74 | -63% |
| Umm Al Qura for Development and Construction Company 4325 | 17.55 SAR | 11.60 SAR | -34% |
| Fastighets AB BALDB | kr 54.08 | kr 70.70 | +31% |
| Hainan Airport Infrastructure Co 600515 | ¥2.79 | ¥0.3300 | -88% |
| Parque Arauco S.A PARAUCO | 3,954 CLP | 2,740 CLP | -31% |
| Singapore Land Group U06 | 3.41 SGD | 3.23 SGD | -5% |
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Frequently asked questions
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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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