Eco World Development Group Berhad

KLSE:ECOWLD Stock Report

Market Cap: RM 5.2b

Eco World Development Group Berhad Valuation

Is ECOWLD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ECOWLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ECOWLD (MYR1.74) is trading above our estimate of fair value (MYR1.31)

Significantly Below Fair Value: ECOWLD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ECOWLD?

Key metric: As ECOWLD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ECOWLD. This is calculated by dividing ECOWLD's market cap by their current earnings.
What is ECOWLD's PE Ratio?
PE Ratio23x
EarningsRM 223.41m
Market CapRM 5.25b

Price to Earnings Ratio vs Peers

How does ECOWLD's PE Ratio compare to its peers?

The above table shows the PE ratio for ECOWLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
UEMS UEM Sunrise Berhad
82.7x20.2%RM 4.9b
SPSETIA S P Setia Berhad
14.4x-10.8%RM 6.6b
MAHSING Mah Sing Group Berhad
18.5x12.8%RM 4.3b
UOADEV UOA Development Bhd
17.5x-0.1%RM 4.9b
ECOWLD Eco World Development Group Berhad
23x15.8%RM 5.2b

Price-To-Earnings vs Peers: ECOWLD is good value based on its Price-To-Earnings Ratio (23x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does ECOWLD's PE Ratio compare vs other companies in the MY Real Estate Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CRESNDO Crescendo Corporation Berhad
2.1xn/aUS$218.88m
No more companies available in this PE range
ECOWLD 23.0xIndustry Avg. 13.8xNo. of Companies12PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ECOWLD is expensive based on its Price-To-Earnings Ratio (23x) compared to the MY Real Estate industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is ECOWLD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ECOWLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: ECOWLD is expensive based on its Price-To-Earnings Ratio (23x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ECOWLD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.74
RM 1.94
+11.3%
13.8%RM 2.40RM 1.41n/a11
Nov ’25RM 1.80
RM 1.92
+6.9%
13.9%RM 2.40RM 1.41n/a11
Oct ’25RM 1.82
RM 1.88
+3.1%
12.4%RM 2.12RM 1.41n/a10
Sep ’25RM 1.55
RM 1.80
+16.3%
12.9%RM 2.12RM 1.41n/a10
Aug ’25RM 1.77
RM 1.79
+0.9%
13.4%RM 2.12RM 1.41n/a10
Jul ’25RM 1.59
RM 1.74
+9.3%
12.2%RM 2.05RM 1.41n/a9
Jun ’25RM 1.51
RM 1.61
+6.3%
14.8%RM 1.94RM 1.27n/a10
May ’25RM 1.46
RM 1.60
+9.5%
15.5%RM 1.94RM 1.20n/a10
Apr ’25RM 1.48
RM 1.61
+8.9%
15.1%RM 1.94RM 1.20n/a9
Mar ’25RM 1.29
RM 1.39
+8.0%
16.9%RM 1.88RM 1.00n/a9
Feb ’25RM 1.32
RM 1.39
+5.1%
16.8%RM 1.88RM 1.00n/a9
Jan ’25RM 1.05
RM 1.17
+11.3%
15.2%RM 1.48RM 0.88n/a8
Dec ’24RM 1.01
RM 1.16
+14.9%
15.0%RM 1.48RM 0.88n/a8
Nov ’24RM 1.00
RM 1.16
+16.0%
15.0%RM 1.48RM 0.88RM 1.808
Oct ’24RM 1.08
RM 1.16
+7.4%
15.0%RM 1.48RM 0.88RM 1.828
Sep ’24RM 1.03
RM 1.01
-2.1%
13.6%RM 1.34RM 0.88RM 1.558
Aug ’24RM 0.95
RM 1.00
+4.9%
14.5%RM 1.34RM 0.87RM 1.778
Jul ’24RM 0.81
RM 0.91
+12.5%
7.9%RM 1.03RM 0.81RM 1.599
Jun ’24RM 0.74
RM 0.85
+15.5%
11.2%RM 1.02RM 0.69RM 1.519
May ’24RM 0.75
RM 0.83
+10.8%
9.1%RM 0.95RM 0.69RM 1.469
Apr ’24RM 0.73
RM 0.82
+11.1%
9.5%RM 0.95RM 0.69RM 1.489
Mar ’24RM 0.68
RM 0.82
+20.1%
9.5%RM 0.95RM 0.69RM 1.299
Feb ’24RM 0.69
RM 0.81
+16.8%
9.4%RM 0.95RM 0.69RM 1.328
Jan ’24RM 0.65
RM 0.82
+27.7%
10.9%RM 0.95RM 0.69RM 1.058
Dec ’23RM 0.70
RM 0.82
+17.9%
10.1%RM 0.95RM 0.69RM 1.018
Nov ’23RM 0.60
RM 0.82
+36.4%
10.1%RM 0.95RM 0.69RM 1.008

Analyst Forecast: Target price is less than 20% higher than the current share price.

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