Mah Sing Group Berhad

KLSE:MAHSING Stock Report

Market Cap: RM 4.4b

Mah Sing Group Berhad Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: MAHSING (MYR1.69) is trading above our estimate of fair value (MYR0.34)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MAHSING. This is calculated by dividing MAHSING's market cap by their current earnings.
What is MAHSING's PE Ratio?
PE Ratio18.4x
EarningsRM 235.01m
Market CapRM 4.38b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MAHSING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.6x
OSK OSK Holdings Berhad
6.9x6.7%RM 3.3b
ECOWLD Eco World Development Group Berhad
24.7x15.8%RM 5.5b
SPSETIA S P Setia Berhad
14.6x-10.8%RM 6.7b
UEMS UEM Sunrise Berhad
64.1x16.2%RM 4.8b
MAHSING Mah Sing Group Berhad
18.4x12.8%RM 4.3b

Price-To-Earnings vs Peers: MAHSING is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (27.6x).

Price to Earnings Ratio vs Industry

How does MAHSING'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$251.36m
No more companies available in this PE range
MAHSING 18.4xIndustry Avg. 14.1xNo. of Companies10PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAHSING is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the MY Real Estate industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is MAHSING'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.

MAHSING PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: MAHSING is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

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 MAHSING forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.69
RM 2.17
+28.3%
10.5%RM 2.70RM 1.88n/a11
Nov ’25RM 1.75
RM 2.17
+23.8%
10.5%RM 2.70RM 1.88n/a11
Oct ’25RM 1.80
RM 2.07
+14.9%
7.5%RM 2.29RM 1.79n/a11
Sep ’25RM 1.63
RM 2.07
+26.9%
7.5%RM 2.29RM 1.79n/a11
Aug ’25RM 1.85
RM 2.06
+11.2%
9.0%RM 2.33RM 1.66n/a11
Jul ’25RM 1.78
RM 2.02
+13.4%
8.5%RM 2.27RM 1.66n/a10
Jun ’25RM 1.50
RM 1.83
+22.3%
16.3%RM 2.11RM 1.11n/a11
May ’25RM 1.25
RM 1.37
+9.5%
13.3%RM 1.58RM 1.11n/a11
Apr ’25RM 1.23
RM 1.25
+1.6%
10.1%RM 1.55RM 1.11n/a11
Mar ’25RM 0.97
RM 1.20
+22.8%
7.8%RM 1.38RM 1.10n/a11
Feb ’25RM 0.94
RM 1.04
+10.2%
11.1%RM 1.30RM 0.87n/a11
Jan ’25RM 0.83
RM 1.01
+21.6%
10.5%RM 1.30RM 0.87n/a11
Dec ’24RM 0.78
RM 1.01
+29.4%
10.5%RM 1.30RM 0.87n/a11
Nov ’24RM 0.81
RM 0.95
+16.1%
16.6%RM 1.30RM 0.65RM 1.7511
Oct ’24RM 0.90
RM 0.92
+2.0%
16.9%RM 1.30RM 0.65RM 1.8011
Sep ’24RM 0.81
RM 0.86
+7.0%
11.3%RM 0.98RM 0.65RM 1.6312
Aug ’24RM 0.67
RM 0.77
+15.2%
8.9%RM 0.89RM 0.65RM 1.8512
Jul ’24RM 0.61
RM 0.77
+25.5%
8.9%RM 0.89RM 0.65RM 1.7812
Jun ’24RM 0.59
RM 0.75
+26.8%
9.2%RM 0.87RM 0.65RM 1.5012
May ’24RM 0.60
RM 0.74
+22.9%
9.7%RM 0.86RM 0.60RM 1.2512
Apr ’24RM 0.59
RM 0.73
+24.3%
10.4%RM 0.86RM 0.60RM 1.2312
Mar ’24RM 0.61
RM 0.73
+20.2%
10.4%RM 0.86RM 0.60RM 0.9712
Feb ’24RM 0.60
RM 0.71
+17.2%
11.8%RM 0.86RM 0.60RM 0.9410
Jan ’24RM 0.56
RM 0.70
+24.8%
11.8%RM 0.86RM 0.60RM 0.8310
Dec ’23RM 0.58
RM 0.70
+21.6%
11.8%RM 0.86RM 0.60RM 0.7810
Nov ’23RM 0.51
RM 0.71
+39.4%
11.9%RM 0.86RM 0.60RM 0.8110

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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