N2N Connect Bhd (0108) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of N2N Connect Bhd stock MYR 0.43, price MYR 0.28, upside +53.6%, quality 61 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 0.2650 MYR – 0.6987 MYR · fair‑value band 0.3300 MYR – 0.5400 MYR · the 0.2800 MYR price screens below the 0.4300 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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N2N Connect Berhad, an investment holding company, engages in the research and development of software packages in Malaysia, Hong Kong, China, and internationally. The company offers design, programming, consultancy, sales, marketing, and related services.
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It also provides Asia E-Broker, a trading platform; Asia Trading Hub, a network of brokers from across the region that are inter-connected through a unified trading platform; Trading Solution, a functional integrated trading and settlement solution; Information Terminal offers real time data from various markets of every asset class; wealth and asset management solutions; algorithmic trading solutions; and Market Maker Solutions that generates liquidity and depth for financial markets.
In addition, the company offers connectivity solutions, such as dedicated internet access, leased lines, and international connectivity services; security solutions, including web app firewalls, SIEM, IPS, VPN, and DDoS protection; data center, which offers server hosting, management, and colocation services; and enterprise application and hardware solutions, including VoIP and IT application and hardware services.
Further, the company offers managed, connectivity and managed network services; on-line stock market information and securities trading systems, and business solutions; information technology system and solutions services to online internet platforms; infrastructure for hosting, data processing services, and related activities; system, information, and communication technology services; and consulting services for analysis, design, and programming of ready touse systems, including analysis of computer user needs, creating and implementing software applications.
Additionally, it sells and maintains microcomputers; sells computer hardware and software; and provides online financial information. N2N Connect Berhad was incorporated in 2000 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
N2N Connect Bhd (0108) currently trades at 0.2800 MYR, while our model-based Fair Value estimate is 0.4300 MYR, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.5000 MYR per share, and 17 of the 24 models we run sit above the 0.2800 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.2100 MYR, and 7 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.3300 MYR (bear) to 0.5400 MYR (bull), the price of 0.2800 MYR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
N2N Connect Bhd reported revenue of 93.9M MYR in FY2025 versus 116M MYR in FY2021, a compound −5.1%/yr. Reported net income was 13.2M MYR in FY2025, compounding −11.9%/yr from FY2021.
Key figures
Market cap 156M MYR (≈ $38.5M) Micro · P/E ratio 14.0 · P/S ratio 1.78 · EPS (TTM) 0.0200 MYR · Dividend yield 7.1% · Net margin 10.3% · Return on equity 3.6% · Return on assets (EBIT) 2.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 54%, 0108 screens cheaper than that median.
Fair Value models
Bear0.3300 MYRFair Value 0.4300 MYRBull0.5400 MYR
Price 0.2800 MYR · Upside +53.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−12.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.5%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)7.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.7% vs −0.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−27.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −28.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 628 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+53.6% · Top 25%
Profitability
Return on equity (12 months)3.6% · Below median
Return on assets4.8% · Above median
Net margin (12 months)10.3% · Above median
Operating margin (12 months)−3.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.0% · Below median
Dividend yield (12 months)7.1% · Top 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)14.0× · Cheapest 25%
P/B0.63× · Cheapest 25%
P/S (12 months)1.78× · Cheaper than median
Price / free cash flow (fiscal year)14.5× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "N2N Connect Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0108
Frequently asked questions
Is N2N Connect Bhd (0108) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.4300 MYR versus a price of 0.2800 MYR, about +54% upside (undervalued).
What is the fair value of 0108?
Our model-based fair value for N2N Connect Bhd is 0.4300 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.2800 MYR.
What is the quality score of 0108?
N2N Connect Bhd has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for N2N Connect Bhd (0108)?
Our model-based price target is the fair value of 0.4300 MYR (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 0.3300 MYR, optimistic scenario 0.5400 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the N2N Connect Bhd stock forecast for 2026?
Our models put fair value at 0.4300 MYR, about +54% upside versus a price of 0.2800 MYR (undervalued). Cautious scenario 0.3300 MYR, optimistic scenario 0.5400 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of N2N Connect Bhd (0108)?
N2N Connect Bhd reported trailing-twelve-month revenue of about 88.0M MYR (latest available figure, as of Nov 3, 2026).
Does N2N Connect Bhd pay a dividend?
N2N Connect Bhd currently shows a dividend yield of 7.14% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of N2N Connect Bhd (0108) and when is the ex-dividend date?
N2N Connect Bhd pays a dividend of 0.02 MYR per share a year, a dividend yield of 7.1%. The last ex-dividend date was Jun 11, 2026. A dividend has been paid every year since 2014. The payout ratio is 100% of earnings. Free cash flow covers the dividend 0.96 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into N2N Connect Bhd (0108)?
For today's price to be fair in a discounted-cash-flow model, N2N Connect Bhd would have to grow free cash flow by -27.0 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.5 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 0108 use?
Our models discount N2N Connect Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.47, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For N2N Connect Bhd that is -27.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has N2N Connect Bhd (0108) delivered so far?
Over the past 5 years revenue at N2N Connect Bhd grew -3.5 % a year. The price currently implies free-cash-flow growth of -27.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of N2N Connect Bhd (0108) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into N2N Connect Bhd (-27.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of N2N Connect Bhd (0108)?
The free-cash-flow yield on the price is 6.89 %: that much free cash flow N2N Connect Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of N2N Connect Bhd (0108)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For N2N Connect Bhd it is 0.4300 MYR per share (as of Nov 3, 2026), against a price of 0.2800 MYR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is N2N Connect Bhd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 0108 trades below its calculated fair value: price 0.2800 MYR, fair value 0.4300 MYR, a gap of about +54% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0108?
No. The price is what the market pays today (0.2800 MYR); the fair value is what the company's own numbers justify (0.4300 MYR). For N2N Connect Bhd the two are 0.1500 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is N2N Connect Bhd worth?
The market values N2N Connect Bhd at about 156M MYR (market capitalisation, as of Nov 3, 2026). Per share that is 0.2800 MYR; our models calculate a fair value of 0.4300 MYR per share.
What do the bullish and bearish scenarios say about 0108?
Our models span a range for N2N Connect Bhd: cautious scenario 0.3300 MYR, base 0.4300 MYR, optimistic 0.5400 MYR per share (as of Nov 3, 2026, price 0.2800 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0108?
N2N Connect Bhd trades at a price-to-earnings ratio of 14.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.4300 MYR is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 18.0. Other multiples: P/B 0.6, P/S 1.8, EV/EBITDA 8.2.
How solid is the balance sheet of N2N Connect Bhd (0108)?
Balance-sheet figures for N2N Connect Bhd (as of Nov 3, 2026): return on equity 3.6%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 0108 from its 52-week high?
N2N Connect Bhd trades at 0.2800 MYR, about 21% below its 52-week high of 0.3550 MYR and 6% above the low of 0.2650 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4300 MYR is for.
Which stocks are comparable to N2N Connect Bhd?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is N2N Connect Bhd stock attractive at the current price?
The data as of Nov 3, 2026: price 0.2800 MYR, calculated fair value 0.4300 MYR (+54%), Quality Score 61/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0108 calculated?
We run N2N Connect Bhd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.4300 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. N2N Connect Bhd currently trades 35% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of N2N Connect Bhd (0108)?
The closing price on Nov 6, 2026 was 0.2800 MYR. Our model-based fair value is 0.4300 MYR, about +54% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with N2N Connect Bhd right now?
The price is below even our cautious bear case (0.3300 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of N2N Connect Bhd
How large is the market capitalisation of N2N Connect Bhd (0108)?
The market capitalisation of N2N Connect Bhd is 156M MYR (≈ $38.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of N2N Connect Bhd (0108)?
The price-to-sales ratio of N2N Connect Bhd is 1.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of N2N Connect Bhd (0108)?
Earnings per share at N2N Connect Bhd are 0.0200 MYR (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of N2N Connect Bhd (0108)?
The dividend yield of N2N Connect Bhd is 7.1% (payout 100%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of N2N Connect Bhd (0108)?
The net margin of N2N Connect Bhd is 10.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of N2N Connect Bhd (0108)?
The return on equity (ROE) of N2N Connect Bhd is 3.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of N2N Connect Bhd (0108)?
On an EBIT basis the return on assets of N2N Connect Bhd is 2.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of N2N Connect Bhd (0108)?
The operating margin of N2N Connect Bhd is −3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at N2N Connect Bhd (0108)?
Revenue at N2N Connect Bhd is growing −3.0% versus a year earlier (3y avg −3.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at N2N Connect Bhd (0108)?
Earnings per share at N2N Connect Bhd are growing −73.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does N2N Connect Bhd (0108) carry?
The net debt of N2N Connect Bhd is 16.2M MYR (fiscal year 2017, ≈ 1.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026