IOI Properties Group Berhad

KLSE:IOIPG Stock Report

Market Cap: RM12.6b

IOI Properties Group Berhad Valuation

Is IOIPG 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 IOIPG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IOIPG (MYR2.28) is trading above our estimate of fair value (MYR0.66)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

IOIPG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.7x
Enterprise Value/EBITDA37.3x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IOIPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.4x
UEMS UEM Sunrise Berhad
75.9x14.2%RM5.9b
SPSETIA S P Setia Berhad
32.1x17.4%RM6.3b
SIMEPROP Sime Darby Property Berhad
15.3x4.1%RM6.2b
ECOWLD Eco World Development Group Berhad
22.2x14.5%RM4.5b
IOIPG IOI Properties Group Berhad
19.4x15.6%RM12.6b

Price-To-Earnings vs Peers: IOIPG is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (36.4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IOIPG is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the MY Real Estate industry average (15.3x).


Price to Earnings Ratio vs Fair Ratio

What is IOIPG'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.

IOIPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ratio17.3x

Price-To-Earnings vs Fair Ratio: IOIPG is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.3x).


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 IOIPG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM2.28
RM2.55
+11.8%
17.6%RM3.06RM1.75n/a8
Mar ’25RM2.18
RM2.55
+16.9%
17.6%RM3.06RM1.75n/a8
Feb ’25RM2.16
RM2.28
+5.6%
19.0%RM3.06RM1.75n/a8
Jan ’25RM1.75
RM2.02
+15.3%
14.0%RM2.50RM1.53n/a7
Dec ’24RM1.70
RM2.02
+18.7%
14.0%RM2.50RM1.53n/a7
Nov ’24RM1.82
RM1.96
+7.9%
14.2%RM2.48RM1.53n/a7
Oct ’24RM1.66
RM1.84
+10.7%
11.4%RM2.10RM1.53n/a7
Sep ’24RM1.64
RM1.75
+6.4%
12.3%RM2.10RM1.46n/a7
Aug ’24RM1.34
RM1.45
+8.2%
10.4%RM1.60RM1.19n/a7
Jul ’24RM1.07
RM1.45
+35.5%
10.4%RM1.60RM1.19n/a7
Jun ’24RM1.10
RM1.45
+31.8%
10.4%RM1.60RM1.19n/a7
May ’24RM1.16
RM1.44
+24.3%
10.3%RM1.60RM1.20n/a7
Apr ’24RM1.10
RM1.42
+28.7%
9.7%RM1.60RM1.20n/a7
Mar ’24RM1.13
RM1.42
+25.3%
9.7%RM1.60RM1.20RM2.187
Feb ’24RM1.10
RM1.41
+28.1%
10.2%RM1.60RM1.16RM2.167
Jan ’24RM1.06
RM1.38
+29.9%
12.0%RM1.60RM1.16RM1.757
Dec ’23RM1.11
RM1.38
+24.1%
12.0%RM1.60RM1.16RM1.707
Nov ’23RM1.02
RM1.41
+38.4%
9.9%RM1.60RM1.18RM1.827
Oct ’23RM0.94
RM1.41
+51.0%
9.9%RM1.60RM1.18RM1.667
Sep ’23RM0.98
RM1.41
+43.3%
9.9%RM1.60RM1.18RM1.647
Aug ’23RM0.98
RM1.45
+48.0%
8.4%RM1.65RM1.29RM1.347
Jul ’23RM0.98
RM1.47
+50.4%
7.7%RM1.65RM1.29RM1.077
Jun ’23RM1.02
RM1.47
+44.5%
7.7%RM1.65RM1.29RM1.107
May ’23RM1.02
RM1.51
+48.2%
10.4%RM1.76RM1.29RM1.166
Apr ’23RM0.99
RM1.50
+51.9%
12.4%RM1.79RM1.29RM1.107
Mar ’23RM1.04
RM1.51
+44.8%
13.0%RM1.80RM1.29RM1.137

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


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