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JS Solar Holding Berhad (0369) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of JS Solar Holding Berhad stock MYR 0.06, price MYR 0.21, that is 71.4% below the price, quality 28 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Utilities MY

JS JS Solar Holding Berhad logo Thin data Nov 3, 2026

JS Solar Holding Berhad

0369 · KLSE
Very expensive, weak quality

Our calculation puts a fair price 71% below what the stock costs today.

Low debt
Revenue last quarter +26% vs. a year ago.
Expensive Growth (revenue 3y +11.2 %/yr in MYR)
Fair value 0.0600 MYR · Strongly overvalued
Quality 28/100
Loss-making · -2.8% net margin (TTM)
Negative free cash flow
Trails peers (3/10)
Narrow moat 17/100 · 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

0.4200 MYR 0.1850 MYR Fair Value 0.0600 MYR Sep 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

13‑month range 0.1850 MYR – 0.4200 MYR · fair‑value band 0.0500 MYR – 0.0600 MYR · the 0.2100 MYR price screens above the 0.0600 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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Company profile

JS Solar Holding Berhad operates as a solar energy company that specialises in providing engineering, procurement, construction and commissioning (EPCC) services and contracting services for solar photovoltaic (PV) systems in Malaysia.

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The company also offers operation & maintenance (O&M) services for its customers' solar PV systems.

Its services include contract services to carry out EPCC services for rooftop solar PV systems on residential, commercial and industrial properties and public amenities; contracting services, where the company acts as a subcontractor to main contractors for the EPCC services for solar PV systems, offering selected services required for the installation of solar PV systems; and O&M services for solar PV systems that it installed for its customers.

JS Solar Holding Berhad was founded in 2018 and is headquartered in Petaling Jaya, Malaysia.

Stock analysis

JS Solar Holding Berhad (0369) currently trades at 0.2100 MYR, while our model-based Fair Value estimate is 0.0600 MYR, 71% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 0.0600 MYR per share, and 0 of the 6 models we run sit above the 0.2100 MYR price.

Bear case: the Multiples group reads lowest at 0.0500 MYR, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.0500 MYR (bear) to 0.0600 MYR (bull), the price of 0.2100 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 28/100 (below-average quality), in the Utilities sector.

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

JS Solar Holding Berhad reported revenue of 96.6M MYR in FY2026 versus 21.4M MYR in FY2022, a compound +45.7%/yr. Reported net income was −984K MYR in FY2026.

Key figures

Market cap 68.3M MYR (≈ $16.8M) Micro · P/S ratio 0.68 · EPS (TTM) −0.0100 MYR · Net margin −2.8% · Return on equity −3.5% · Return on assets (EBIT) 5.3% (5-year average) · Operating margin 2.2% · Revenue (TTM) 103M MYR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at −71%, 0369 screens richer than that median.

Fair Value models

Bear 0.0500 MYR Fair Value 0.0600 MYR Bull 0.0600 MYR
Price 0.2100 MYR · Downside -71.4%
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
EPV 0.0500 MYR 0.0600 MYR 0.0600 MYR 71
ROIC Compounder 0.0500 MYR 0.0600 MYR 0.0600 MYR 69
EV/EBIT 0.0400 MYR 0.0700 MYR 0.1000 MYR 64
All 6 models by family
Earnings-Based
EPV 0.0500 MYR 0.0600 MYR 0.0600 MYR 71
Multiples
EV/EBIT 0.0400 MYR 0.0700 MYR 0.1000 MYR 64
EV/EBITDA 0.0200 MYR 0.0500 MYR 0.0700 MYR 64
EV/Revenue 0.0200 MYR 0.0500 MYR 0.0900 MYR 49
Asset-Based
NCAV (Graham) 0.0300 MYR 0.0500 MYR 0.0600 MYR 54
Economic Profit
ROIC Compounder 0.0500 MYR 0.0600 MYR 0.0600 MYR 69

Open the full fair value analysis →

Quality Score breakdown

Overall quality 28/100

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

Profitability 24
How much profit the company makes from its sales and capital
Quality Growth 6
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 38
Debt, balance sheet and risk of trouble
Investment 8
Does it invest with discipline instead of growing at any price?
Low Volatility 5
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 9
Distance to the 52-week high, does not count
New shares 82
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. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−48.2%
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.
+11.2%
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.
−5.9% (2022) → 2.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

0369 screens overvalued: fair value 71% below the price. Compare with China Yangtze Power Co →

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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.Utilities - Renewable · 196 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside −71.4% · Bottom 25%
Profitability
Return on assets −1.0% · Below median
Net margin (12 months) −2.8% · Below median
Operating margin (12 months) 2.2% · Below median
Growth and dividend
Revenue growth (quarter YoY) 26.2% · Top 25%
Balance sheet
Debt / equity 0.07× · Lowest 25%

Valuation Multiplesvs Utilities - Renewable median · lower = cheaper

P/B 1.72× · Pricier than median
P/S (12 months) 0.66× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 15
FUTURE (revenue growth)100 · sector 15
PAST (return on equity)0 · sector 12
HEALTH (low debt)96 · sector 70
DIVIDEND (yield)0 · sector 47

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
BEP BEP $31.14 $72.13 +132% vs 0369
China Yangtze Power Co 600900 ¥29.91 ¥32.21 +8% vs 0369
SDIC Power Holdings 600886 ¥15.81 ¥17.01 +8% vs 0369
VERBUND AG VER €72.70 €66.45 −9% vs 0369
Fortum Oyj FORTUM €23.19 €11.12 −52% vs 0369
Huaneng Lancang River Hydropower Inc 600025 ¥10.97 ¥4.45 −59% vs 0369
Public Power Corporation PPC €23.14 €6.43 −72% vs 0369
EDP Renewables, S.A EDPR €14.49 €3.67 −75% vs 0369
Ørsted A/S ORSTED kr 148.70 kr 33.25 −78% vs 0369
Adani Green Energy Limited ADANIGREEN ₹1,424 ₹170.50 −88% vs 0369

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JS Solar Holding Berhad: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "JS Solar Holding Berhad Fair Value". https://www.fairvalue-calculator.com/stock/0369

Frequently asked questions

Is JS Solar Holding Berhad (0369) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.0600 MYR versus a price of 0.2100 MYR, about 71% lower (overvalued).
What is the fair value of 0369?
Our model-based fair value for JS Solar Holding Berhad is 0.0600 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.2100 MYR.
What is the quality score of 0369?
JS Solar Holding Berhad has a Quality Score of 28/100. 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 JS Solar Holding Berhad (0369)?
Our model-based price target is the fair value of 0.0600 MYR (as of Nov 3, 2026) from 6 valuation models. Cautious scenario 0.0500 MYR, optimistic scenario 0.0600 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the JS Solar Holding Berhad stock forecast for 2026?
Our models put fair value at 0.0600 MYR, about 71% lower versus a price of 0.2100 MYR (overvalued). Cautious scenario 0.0500 MYR, optimistic scenario 0.0600 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of JS Solar Holding Berhad (0369)?
JS Solar Holding Berhad reported trailing-twelve-month revenue of about 103M MYR (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of JS Solar Holding Berhad (0369)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JS Solar Holding Berhad it is 0.0600 MYR per share (as of Nov 3, 2026), against a price of 0.2100 MYR. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is JS Solar Holding Berhad stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 0369 trades above its calculated fair value: price 0.2100 MYR, fair value 0.0600 MYR, a gap of about −71% (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 0369?
No. The price is what the market pays today (0.2100 MYR); the fair value is what the company's own numbers justify (0.0600 MYR). For JS Solar Holding Berhad the two are 0.1500 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is JS Solar Holding Berhad worth?
The market values JS Solar Holding Berhad at about 68.3M MYR (market capitalisation, as of Nov 3, 2026). Per share that is 0.2100 MYR; our models calculate a fair value of 0.0600 MYR per share.
What do the bullish and bearish scenarios say about 0369?
Our models span a range for JS Solar Holding Berhad: cautious scenario 0.0500 MYR, base 0.0600 MYR, optimistic 0.0600 MYR per share (as of Nov 3, 2026, price 0.2100 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of JS Solar Holding Berhad (0369)?
Balance-sheet figures for JS Solar Holding Berhad (as of Nov 3, 2026): return on equity −3.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 0369 from its 52-week high?
JS Solar Holding Berhad trades at 0.2100 MYR, about 34% below its 52-week high of 0.3200 MYR and 14% above the low of 0.1850 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0600 MYR is for.
Which stocks are comparable to JS Solar Holding Berhad?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, 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 JS Solar Holding Berhad stock attractive at the current price?
The data as of Nov 3, 2026: price 0.2100 MYR, calculated fair value 0.0600 MYR (−71%), Quality Score 28/100, from 6 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 0369 calculated?
We run JS Solar Holding Berhad through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.0600 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. JS Solar Holding Berhad 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 JS Solar Holding Berhad (0369)?
The closing price on Nov 6, 2026 was 0.2100 MYR. Our model-based fair value is 0.0600 MYR, about 71% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JS Solar Holding Berhad right now?
The price sits above even our optimistic bull case (0.0600 MYR). The favourable scenario is already priced in. Weak quality (28/100) 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 JS Solar Holding Berhad

How large is the market capitalisation of JS Solar Holding Berhad (0369)?
The market capitalisation of JS Solar Holding Berhad is 68.3M MYR (≈ $16.8M). 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 JS Solar Holding Berhad (0369)?
The price-to-sales ratio of JS Solar Holding Berhad is 0.68 (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 JS Solar Holding Berhad (0369)?
Earnings per share at JS Solar Holding Berhad are −0.0100 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of JS Solar Holding Berhad (0369)?
The net margin of JS Solar Holding Berhad is −2.8% (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 JS Solar Holding Berhad (0369)?
The return on equity (ROE) of JS Solar Holding Berhad is −3.5% (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 JS Solar Holding Berhad (0369)?
On an EBIT basis the return on assets of JS Solar Holding Berhad is 5.3% (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 JS Solar Holding Berhad (0369)?
The operating margin of JS Solar Holding Berhad is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JS Solar Holding Berhad (0369)?
Revenue at JS Solar Holding Berhad is growing +26.2% versus a year earlier (3y avg +11.2%). 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 JS Solar Holding Berhad (0369)?
Earnings per share at JS Solar Holding Berhad are growing −91.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does JS Solar Holding Berhad (0369) generate?
The free cash flow of JS Solar Holding Berhad is −28.5M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does JS Solar Holding Berhad (0369) carry?
The net debt of JS Solar Holding Berhad is 19.9M MYR (fiscal year 2026). 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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