KLCC Property Holdings Berhad

KLSE:KLCC Stock Report

Market Cap: RM 15.2b

KLCC Property Holdings Berhad Valuation

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

Discounted Cash Flow
Simply Wall St
RM 8.81
Fair Value
4.2% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: KLCC (MYR8.44) is trading below our estimate of fair value (MYR8.81)

Significantly Below Fair Value: KLCC is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KLCC. This is calculated by dividing KLCC's market cap by their current earnings.
What is KLCC's PE Ratio?
PE Ratio15x
EarningsRM 1.02b
Market CapRM 15.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KLCC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
AXREIT Axis Real Estate Investment Trust
17.2x-1.3%RM 3.6b
IGBCR IGB Commercial Real Estate Investment Trust
20.7x14.1%RM 1.3b
ALSREIT Al-Salam Real Estate Investment Trust
13.1x-11.0%RM 240.7m
ARREIT AmanahRaya Real Estate Investment Trust
41.4xn/aRM 212.1m
KLCC KLCC Property Holdings Berhad
15x-2.7%RM 15.2b

Price-To-Earnings vs Peers: KLCC is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does KLCC's PE Ratio compare vs other companies in the Asian REITs Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KLCC 15.0xIndustry Avg. 14.5xNo. of Companies10PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KLCC is expensive based on its Price-To-Earnings Ratio (15x) compared to the Asian REITs industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is KLCC'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.

KLCC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: KLCC is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

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 KLCC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 8.44
RM 8.51
+0.8%
4.8%RM 9.30RM 7.71n/a10
Feb ’26RM 8.14
RM 8.33
+2.4%
5.2%RM 9.20RM 7.71n/a10
Jan ’26RM 8.15
RM 8.33
+2.3%
5.2%RM 9.20RM 7.71n/a10
Dec ’25RM 8.02
RM 8.33
+3.9%
5.2%RM 9.20RM 7.71n/a10
Nov ’25RM 7.96
RM 8.07
+1.4%
6.4%RM 9.20RM 7.50n/a10
Oct ’25RM 7.83
RM 8.04
+2.6%
6.3%RM 9.20RM 7.50n/a10
Sep ’25RM 7.80
RM 8.04
+3.0%
6.3%RM 9.20RM 7.50n/a10
Aug ’25RM 7.59
RM 8.01
+5.6%
6.3%RM 9.20RM 7.50n/a10
Jul ’25RM 7.47
RM 7.98
+6.9%
6.8%RM 9.20RM 7.20n/a10
Jun ’25RM 7.60
RM 7.92
+4.2%
7.0%RM 9.20RM 7.20n/a11
May ’25RM 7.54
RM 7.77
+3.1%
6.9%RM 8.70RM 6.89n/a10
Apr ’25RM 7.43
RM 7.77
+4.6%
6.9%RM 8.70RM 6.89n/a10
Mar ’25RM 7.55
RM 7.77
+2.9%
6.9%RM 8.70RM 6.89n/a10
Feb ’25RM 7.37
RM 7.40
+0.4%
4.1%RM 7.85RM 6.89RM 8.1411
Jan ’25RM 7.09
RM 7.32
+3.2%
3.7%RM 7.85RM 6.89RM 8.1511
Dec ’24RM 7.02
RM 7.32
+4.2%
3.7%RM 7.85RM 6.89RM 8.0211
Nov ’24RM 6.86
RM 7.26
+5.8%
3.6%RM 7.60RM 6.68RM 7.9611
Oct ’24RM 6.80
RM 7.28
+7.1%
3.8%RM 7.60RM 6.68RM 7.8311
Sep ’24RM 6.70
RM 7.28
+8.7%
3.8%RM 7.60RM 6.68RM 7.8011
Aug ’24RM 6.80
RM 7.33
+7.8%
4.4%RM 7.80RM 6.68RM 7.5911
Jul ’24RM 6.99
RM 7.33
+4.8%
4.4%RM 7.80RM 6.68RM 7.4711
Jun ’24RM 7.02
RM 7.33
+4.4%
4.4%RM 7.80RM 6.68RM 7.6011
May ’24RM 7.03
RM 7.17
+2.0%
5.5%RM 7.80RM 6.50RM 7.5411
Apr ’24RM 6.85
RM 7.17
+4.6%
5.5%RM 7.80RM 6.50RM 7.4311
Mar ’24RM 6.72
RM 7.13
+6.1%
5.3%RM 7.80RM 6.50RM 7.5511
Feb ’24RM 7.05
RM 7.13
+1.2%
6.0%RM 8.10RM 6.50RM 7.3711
Analyst Price Target
Consensus Narrative from 10 Analysts
RM 8.51
Fair Value
0.8% undervalued intrinsic discount
10
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 14:59
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

KLCC Property Holdings Berhad is covered by 19 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Afifah IshakAffin Hwang Investment Bank
Jun TanCGS International
Citi ResearchCitigroup Inc