IOI Properties Group Berhad

KLSE:IOIPG Stock Report

Market Cap: RM 12.2b

IOI Properties Group Berhad Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 (MYR2.21) is trading above our estimate of fair value (MYR0.46)

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?

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

The above table shows the Price to Earnings ratio for IOIPG. This is calculated by dividing IOIPG's market cap by their current earnings.
What is IOIPG's PE Ratio?
PE Ratio5.9x
EarningsRM 2.06b
Market CapRM 12.17b

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 Average30.9x
SIMEPROP Sime Darby Property Berhad
18.3x4.8%RM 10.0b
SPSETIA S P Setia Berhad
15.2x-10.8%RM 7.0b
ECOWLD Eco World Development Group Berhad
25.1x15.8%RM 5.6b
UEMS UEM Sunrise Berhad
65.1x16.2%RM 4.9b
IOIPG IOI Properties Group Berhad
5.9x-28.3%RM 12.2b

Price-To-Earnings vs Peers: IOIPG is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (30.9x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CRESNDO Crescendo Corporation Berhad
2.4xn/aUS$252.08m
No more companies available in this PE range
IOIPG 5.9xIndustry Avg. 14.0xNo. of Companies10PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IOIPG is good value based on its Price-To-Earnings Ratio (5.9x) compared to the MY Real Estate industry average (14x).

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 Ratio5.9x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: IOIPG is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).

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
CurrentRM 2.21
RM 2.71
+22.6%
25.5%RM 4.05RM 1.71n/a8
Nov ’25RM 2.32
RM 2.69
+15.9%
24.4%RM 3.90RM 1.71n/a8
Oct ’25RM 2.16
RM 2.69
+24.5%
24.4%RM 3.90RM 1.71n/a8
Sep ’25RM 2.07
RM 2.65
+28.1%
22.3%RM 3.60RM 1.71n/a8
Aug ’25RM 2.10
RM 2.71
+29.1%
18.2%RM 3.30RM 1.75n/a8
Jul ’25RM 2.19
RM 2.73
+24.5%
17.0%RM 3.30RM 1.75n/a8
Jun ’25RM 2.52
RM 2.76
+9.6%
16.5%RM 3.30RM 1.75n/a8
May ’25RM 2.16
RM 2.66
+23.2%
17.4%RM 3.30RM 1.75n/a8
Apr ’25RM 2.20
RM 2.62
+19.0%
15.8%RM 3.06RM 1.75n/a8
Mar ’25RM 2.18
RM 2.55
+16.9%
17.6%RM 3.06RM 1.75n/a8
Feb ’25RM 2.16
RM 2.28
+5.6%
19.0%RM 3.06RM 1.75n/a8
Jan ’25RM 1.75
RM 2.02
+15.3%
14.0%RM 2.50RM 1.53n/a7
Dec ’24RM 1.70
RM 2.02
+18.7%
14.0%RM 2.50RM 1.53n/a7
Nov ’24RM 1.82
RM 1.96
+7.9%
14.2%RM 2.48RM 1.53RM 2.327
Oct ’24RM 1.66
RM 1.84
+10.7%
11.4%RM 2.10RM 1.53RM 2.167
Sep ’24RM 1.64
RM 1.75
+6.4%
12.3%RM 2.10RM 1.46RM 2.077
Aug ’24RM 1.34
RM 1.45
+8.2%
10.4%RM 1.60RM 1.19RM 2.107
Jul ’24RM 1.07
RM 1.45
+35.5%
10.4%RM 1.60RM 1.19RM 2.197
Jun ’24RM 1.10
RM 1.45
+31.8%
10.4%RM 1.60RM 1.19RM 2.527
May ’24RM 1.16
RM 1.44
+24.3%
10.3%RM 1.60RM 1.20RM 2.167
Apr ’24RM 1.10
RM 1.42
+28.7%
9.7%RM 1.60RM 1.20RM 2.207
Mar ’24RM 1.13
RM 1.42
+25.3%
9.7%RM 1.60RM 1.20RM 2.187
Feb ’24RM 1.10
RM 1.41
+28.1%
10.2%RM 1.60RM 1.16RM 2.167
Jan ’24RM 1.06
RM 1.38
+29.9%
12.0%RM 1.60RM 1.16RM 1.757
Dec ’23RM 1.11
RM 1.38
+24.1%
12.0%RM 1.60RM 1.16RM 1.707
Nov ’23RM 1.02
RM 1.41
+38.4%
9.9%RM 1.60RM 1.18RM 1.827

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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