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Managepay Systems Bhd (0156) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Managepay Systems Bhd stock MYR 0.03, price MYR 0.05, that is 35.0% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology MY · ISIN MYQ0156OO008

MS Managepay Systems Bhd logo Thin data Nov 4, 2026

Managepay Systems Bhd

0156 · KLSE
Very expensive, weak quality

Our calculation puts a fair price 35% below what the stock costs today.

Low debt
Revenue last quarter +61% vs. a year ago.
Quality 46/100
Expensive Growth (revenue 5y +10.3 %/yr in MYR)
Mixed vs. peers (4/10)
Fair value 0.0293 MYR · Strongly overvalued
Loss-making · -23.5% net margin (TTM)
Negative free cash flow
Narrow moat 10/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

0.2800 MYR 0.0450 MYR Fair Value 0.0293 MYR Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 0.0450 MYR – 0.2800 MYR · fair‑value band 0.0293 MYR – 0.0338 MYR · the 0.0450 MYR price screens above the 0.0293 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

ManagePay Systems Berhad, an investment holding company, engages in the provision of electronic payment solutions for banks and financial institutions, merchants, and card issuers in Malaysia. The company operates through Fintech Services and Non-Fintech Services segments.

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The Fintech Services segment offers e-payment, e-money, MasterCard prepaid card, money lending, Peer-to-Peer financing platform, and domestics and cross border remittance services.

The Non-Fintech Services segment develops, markets, and trades of information and communication technology products, project management, e-commerce, business outsourcing, loyalty management services, as well as operates mobile virtual networks.

It engages in the software development; marketing of computer software solution, and telecommunication and hardware equipment; and provision of consultancy and maintenance services related to e-commerce, e-business creation, and management of website.

In addition, the company offers merchant acquisition services; connectivity infrastructure and terminal equipment deployment services for electronic payment; and information technology and consultation services, as well as rents electronic data capture point of sales terminals.

Further, it engages in hosting of customer loyalty programs for third parties; contracting of the card personalisation services; selling and installing hardware and software; and trading of electronic gadgets.

Additionally, the company offers outsource services, including third party acquiring and processing services; and incubation, programming, and analysis and design services, as well as operates electric energy generation facilities.

The company was incorporated in 2010 and is headquartered in Subang Jaya, Malaysia.

Stock analysis

Managepay Systems Bhd (0156) currently trades at 0.0450 MYR, while our model-based Fair Value estimate is 0.0293 MYR, 35% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: 0.0293 MYR (bear) to 0.0338 MYR (bull), the price of 0.0450 MYR sits above 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 46/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Managepay Systems Bhd reported revenue of 21.3M MYR in FY2025 versus 20.1M MYR in FY2021, a compound +1.4%/yr. Reported net income was −5.0M MYR in FY2025.

Key figures

Market cap 46.4M MYR (≈ $11.4M) Micro · P/S ratio 2.43 · Net margin −23.5% · Return on equity −7.8% · Return on assets (EBIT) −11.4% (5-year average) · Operating margin −58.9% · Revenue (TTM) 21.3M MYR · Revenue growth (YoY) +60.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −35%, 0156 screens richer than that median.

Fair Value models

Bear 0.0293 MYR Fair Value 0.0293 MYR Bull 0.0338 MYR
Price 0.0450 MYR · Downside -35.0%
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.
Best data coverage
NCAV (Graham) 0.0100 MYR 0.0100 MYR 0.0200 MYR 52
All 1 models by family
Asset-Based
NCAV (Graham) 0.0100 MYR 0.0100 MYR 0.0200 MYR 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 46/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 9
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 9
Do the profits arrive as real cash?
Financial strength 55
Debt, balance sheet and risk of trouble
Investment 74
Does it invest with discipline instead of growing at any price?
Low Volatility 43
How calm the share price moves, does not count
Price momentum 16
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 66
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+45.9%
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.
+5.6%
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.
+10.3%
Start year 2020 (pandemic). Over 10 years: +9.3% a year
Revenue growth 10 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.
+9.3%
Profit margin (trend) ⓘ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.
−277.8% (2020) → −21.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

0156 screens overvalued: fair value 35% below the price. Compare with Microsoft Corporation →

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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 - Infrastructure · 346 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 46 · Below median
Fair Value upside −34.9% · Below median
Profitability
Return on assets −6.6% · Bottom 25%
Net margin (12 months) −23.5% · Bottom 25%
Operating margin (12 months) −58.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 60.8% · Top 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Software - Infrastructure median · lower = cheaper

P/B 0.75× · Cheapest 25%
P/S (12 months) 2.18× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 25
FUTURE (revenue growth)100 · sector 60
PAST (return on equity)0 · sector 23
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)0 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Microsoft Corporation MSFT $530.61 $583.67 +10% vs 0156
Fortinet, Inc FTNT $118.84 $130.72 +10% vs 0156
Oracle Corporation ORCL $116.10 $111.97 −4% vs 0156
NetApp, Inc NTAP $169.19 $156.80 −7% vs 0156
Block, Inc XYZ $85.48 $76.43 −11% vs 0156
Synopsys, Inc SNPS $450.46 $288.23 −36% vs 0156
Zscaler, Inc ZS $197.66 $101.45 −49% vs 0156
Palantir Technologies Inc PLTR $160.38 $42.20 −74% vs 0156
CrowdStrike Holdings CRWD $216.90 $37.97 −82% vs 0156
Palo Alto Networks, Inc PANW $313.84 $39.54 −87% vs 0156

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Managepay Systems Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Managepay Systems Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0156

Frequently asked questions

Is Managepay Systems Bhd (0156) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.0293 MYR versus a price of 0.0450 MYR, about 35% lower (overvalued).
What is the fair value of 0156?
Our model-based fair value for Managepay Systems Bhd is 0.0293 MYR (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.0450 MYR.
What is the quality score of 0156?
Managepay Systems Bhd has a Quality Score of 46/100. 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 Managepay Systems Bhd (0156)?
Our model-based price target is the fair value of 0.0293 MYR (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 0.0293 MYR, optimistic scenario 0.0338 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Managepay Systems Bhd stock forecast for 2026?
Our models put fair value at 0.0293 MYR, about 35% lower versus a price of 0.0450 MYR (overvalued). Cautious scenario 0.0293 MYR, optimistic scenario 0.0338 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Managepay Systems Bhd (0156)?
Managepay Systems Bhd reported trailing-twelve-month revenue of about 21.3M MYR (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Managepay Systems Bhd (0156)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Managepay Systems Bhd it is 0.0293 MYR per share (as of Nov 4, 2026), against a price of 0.0450 MYR. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Managepay Systems Bhd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 0156 trades above its calculated fair value: price 0.0450 MYR, fair value 0.0293 MYR, a gap of about −35% (overvalued). 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 0156?
No. The price is what the market pays today (0.0450 MYR); the fair value is what the company's own numbers justify (0.0293 MYR). For Managepay Systems Bhd the two are 0.0158 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Managepay Systems Bhd worth?
The market values Managepay Systems Bhd at about 46.4M MYR (market capitalisation, as of Nov 4, 2026). Per share that is 0.0450 MYR; our models calculate a fair value of 0.0293 MYR per share.
What do the bullish and bearish scenarios say about 0156?
Our models span a range for Managepay Systems Bhd: cautious scenario 0.0293 MYR, base 0.0293 MYR, optimistic 0.0338 MYR per share (as of Nov 4, 2026, price 0.0450 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Managepay Systems Bhd (0156)?
Balance-sheet figures for Managepay Systems Bhd (as of Nov 4, 2026): return on equity −7.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 0156 from its 52-week high?
Managepay Systems Bhd trades at 0.0450 MYR, about 40% below its 52-week high of 0.0750 MYR and at the low of 0.0450 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0293 MYR is for.
Which stocks are comparable to Managepay Systems Bhd?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 Managepay Systems Bhd stock attractive at the current price?
The data as of Nov 4, 2026: price 0.0450 MYR, calculated fair value 0.0293 MYR (−35%), Quality Score 46/100, from 1 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 0156 calculated?
We run Managepay Systems Bhd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 0.0293 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. Managepay Systems Bhd itself currently trades above fair value. 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 Managepay Systems Bhd (0156)?
The closing price on Nov 6, 2026 was 0.0450 MYR. Our model-based fair value is 0.0293 MYR, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Managepay Systems Bhd right now?
The price sits above even our optimistic bull case (0.0338 MYR). The favourable scenario is already priced in. Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Managepay Systems Bhd

How large is the market capitalisation of Managepay Systems Bhd (0156)?
The market capitalisation of Managepay Systems Bhd is 46.4M MYR (≈ $11.4M). 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 Managepay Systems Bhd (0156)?
The price-to-sales ratio of Managepay Systems Bhd is 2.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Managepay Systems Bhd (0156)?
The net margin of Managepay Systems Bhd is −23.5% (fiscal year 2025). 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 Managepay Systems Bhd (0156)?
The return on equity (ROE) of Managepay Systems Bhd is −7.8% (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 Managepay Systems Bhd (0156)?
On an EBIT basis the return on assets of Managepay Systems Bhd is −11.4% (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 Managepay Systems Bhd (0156)?
The operating margin of Managepay Systems Bhd is −58.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Managepay Systems Bhd (0156)?
Revenue at Managepay Systems Bhd is growing +60.8% versus a year earlier (3y avg +5.6%). 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 Managepay Systems Bhd (0156)?
Earnings per share at Managepay Systems Bhd are growing −8.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Managepay Systems Bhd (0156) generate?
The free cash flow of Managepay Systems Bhd is −2.6M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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