Sime Darby Property Berhad

KLSE:SIMEPROP Stock Report

Market Cap: RM 9.9b

Sime Darby Property Berhad Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: SIMEPROP (MYR1.46) is trading above our estimate of fair value (MYR0.93)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SIMEPROP. This is calculated by dividing SIMEPROP's market cap by their current earnings.
What is SIMEPROP's PE Ratio?
PE Ratio18.2x
EarningsRM 545.06m
Market CapRM 9.93b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SIMEPROP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.1x
IOIPG IOI Properties Group Berhad
5.8x-27.1%RM 11.3b
SPSETIA S P Setia Berhad
13x-12.8%RM 6.8b
ECOWLD Eco World Development Group Berhad
19.1x12.0%RM 5.8b
MAHSING Mah Sing Group Berhad
18.6x12.7%RM 4.6b
SIMEPROP Sime Darby Property Berhad
18.2x4.8%RM 9.9b

Price-To-Earnings vs Peers: SIMEPROP is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the peer average (14.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
SIMEPROP 18.2xIndustry Avg. 13.0xNo. of Companies11PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIMEPROP is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the MY Real Estate industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is SIMEPROP'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.

SIMEPROP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.2x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: SIMEPROP is expensive based on its Price-To-Earnings Ratio (18.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

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 SIMEPROP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.46
RM 1.79
+22.6%
15.9%RM 2.33RM 1.20n/a13
Dec ’25RM 1.43
RM 1.76
+23.3%
15.5%RM 2.20RM 1.20n/a13
Nov ’25RM 1.42
RM 1.70
+19.9%
17.5%RM 2.20RM 1.20n/a13
Oct ’25RM 1.48
RM 1.69
+14.0%
16.4%RM 2.05RM 1.20n/a13
Sep ’25RM 1.40
RM 1.69
+20.5%
16.4%RM 2.05RM 1.20n/a13
Aug ’25RM 1.57
RM 1.51
-3.7%
23.2%RM 2.05RM 1.00n/a13
Jul ’25RM 1.40
RM 1.34
-4.0%
17.6%RM 2.00RM 1.00n/a13
Jun ’25RM 1.24
RM 1.26
+1.8%
17.9%RM 1.57RM 0.66n/a14
May ’25RM 0.98
RM 0.91
-7.4%
15.6%RM 1.20RM 0.66n/a13
Apr ’25RM 0.93
RM 0.88
-5.8%
13.2%RM 1.10RM 0.66n/a13
Mar ’25RM 0.75
RM 0.88
+16.9%
13.2%RM 1.10RM 0.66n/a13
Feb ’25RM 0.77
RM 0.81
+5.6%
13.0%RM 1.05RM 0.66n/a13
Jan ’25RM 0.63
RM 0.79
+27.0%
10.2%RM 0.93RM 0.66n/a13
Dec ’24RM 0.60
RM 0.79
+31.2%
10.2%RM 0.93RM 0.66RM 1.4313
Nov ’24RM 0.59
RM 0.77
+29.6%
14.0%RM 0.93RM 0.52RM 1.4213
Oct ’24RM 0.69
RM 0.76
+8.9%
17.5%RM 0.93RM 0.47RM 1.4813
Sep ’24RM 0.72
RM 0.75
+3.8%
17.1%RM 0.93RM 0.47RM 1.4014
Aug ’24RM 0.59
RM 0.63
+5.9%
12.3%RM 0.73RM 0.47RM 1.5714
Jul ’24RM 0.47
RM 0.61
+32.2%
12.6%RM 0.73RM 0.47RM 1.4013
Jun ’24RM 0.46
RM 0.61
+32.1%
11.6%RM 0.70RM 0.47RM 1.2413
May ’24RM 0.47
RM 0.62
+30.9%
13.6%RM 0.78RM 0.47RM 0.9813
Apr ’24RM 0.48
RM 0.62
+26.9%
13.6%RM 0.78RM 0.47RM 0.9313
Mar ’24RM 0.49
RM 0.62
+25.6%
13.6%RM 0.78RM 0.47RM 0.7513
Feb ’24RM 0.49
RM 0.61
+24.3%
13.4%RM 0.78RM 0.47RM 0.7713
Jan ’24RM 0.45
RM 0.61
+36.2%
13.8%RM 0.78RM 0.47RM 0.6313
Dec ’23RM 0.48
RM 0.61
+26.2%
13.9%RM 0.78RM 0.47RM 0.6013

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 11:50
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sime Darby Property Berhad is covered by 22 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chee Wei LoongAffin Hwang Investment Bank
Nicholas LimAffin Hwang Investment Bank
Khir GohAmInvestment Bank Berhad