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Dagang Nexchange Bhd (4456) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Dagang Nexchange Bhd stock MYR 0.18, price MYR 0.39, that is 53.2% below the price, quality 25 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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Technology MY · ISIN MYL4456OO009

DN Dagang Nexchange Bhd logo Thin data Nov 5, 2026

Dagang Nexchange Bhd

4456 · KLSE
Very expensive, weak quality

Our calculation puts a fair price 53% below what the stock costs today.

Low debt
Generates free cash flow
Fair value 0.1800 MYR · Strongly overvalued
Quality 25/100
Weak Growth (revenue 3y −7.2 %/yr in MYR)
Loss-making · -23.8% net margin (TTM)
Trails peers (3/11)
Narrow moat 15/100
Thin data
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What runs behind every stock

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

Price vs Fair Value

1.26 MYR 0.2250 MYR Fair Value 0.1800 MYR Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range 0.2250 MYR – 1.26 MYR · fair‑value band 0.1500 MYR – 0.2300 MYR · the 0.3850 MYR price screens above the 0.1800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Dagang NeXchange Berhad, an investment holding company, engages in information technology (IT), Semiconductor, and energy businesses in Asia, Europe, and North America.

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It is involved in the development, management, and provision of business to government (B2G) e-commerce and computerized transaction in trade facilitation services; research and development, designing, manufacturing, and trading of radio-frequency technology; and provision of services for infrastructure works for telecommunication industry.

The company also engages in the business of online marketing and e-market place; trading of various types of drinking water and beverages; provision of technical consultancy, maintenance, and technical support service to eBusiness; and operation of business to business (B2B) eCommerce portal.

In addition, the company offers consultancy and advisory in computer hardware, software, peripherals, and other IT based products; IT project management, maintenance and asset management; manufacturing of semiconductor wafers and integrated device, as well as supplies multinational fabless; and sale of advanced semiconductor products.

Further, it supplies hardware equipment, software, and peripherals; information transmission; explores for, develops, and produces crude oil and natural gas; explores and develops upstream oil and gas assets; designs, develops, constructs, operates, and maintains power plants; provides oilfield services; engineering and technical support services for the oil and gas industry; and sells oil and gas related equipment.

Additionally, the company trades in solid state drive products; and provision of subsea cable installation and maintenance services. The company was formerly known as TIME Engineering Berhad and changed its name to Dagang NeXchange Berhad in May 2014.

Dagang NeXchange Berhad was incorporated in 1970 and is headquartered in Cyberjaya, Malaysia.

Stock analysis

Dagang Nexchange Bhd (4456) currently trades at 0.3850 MYR, while our model-based Fair Value estimate is 0.1800 MYR, 53% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 0.2500 MYR per share, and 0 of the 6 models we run sit above the 0.3850 MYR price.

Bear case: the Multiples group reads lowest at 0.0800 MYR, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.1500 MYR (bear) to 0.2300 MYR (bull), the price of 0.3850 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 25/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Dagang Nexchange Bhd reported revenue of 1.0B MYR in FY2025 versus 1.5B MYR in FY2021, a compound −8.1%/yr. Reported net income was −318M MYR in FY2025.

Key figures

Market cap 1.4B MYR (≈ $354M) Small · P/S ratio 1.45 · EPS (TTM) −0.0600 MYR · Net margin −23.8% · Return on equity −17.8% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 1.7% · Revenue (TTM) 1.0B MYR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (medium confidence).

What moves the price

The share trades about 27% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −53%, 4456 screens richer than that median.

Fair Value models

Bear 0.1500 MYR Fair Value 0.1800 MYR Bull 0.2300 MYR
Price 0.3850 MYR · Downside -53.2%
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
FCF DCF 0.1800 MYR 0.2400 MYR 0.4000 MYR 77
Growth DCF 0.1800 MYR 0.2500 MYR 0.3800 MYR 76
5Y Revenue Exit 0.1300 MYR 0.1600 MYR 0.2000 MYR 72
All 6 models by family
DCF Models
FCF DCF 0.1800 MYR 0.2400 MYR 0.4000 MYR 77
5Y Revenue Exit 0.1300 MYR 0.1600 MYR 0.2000 MYR 72
10Y Revenue Exit 0.1500 MYR 0.1800 MYR 0.2300 MYR 66
Multiples
EV/Revenue 0.0700 MYR 0.0800 MYR 0.0900 MYR 54
Asset-Based
NCAV (Graham) 0.1200 MYR 0.1600 MYR 0.2400 MYR 54
Growth DCF
Growth DCF 0.1800 MYR 0.2500 MYR 0.3800 MYR 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 25/100

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

Profitability 4
How much profit the company makes from its sales and capital
Quality Growth 12
Are margins and returns getting better?
Cashflow 28
Do the profits arrive as real cash?
Financial strength 44
Debt, balance sheet and risk of trouble
Investment 73
Does it invest with discipline instead of growing at any price?
Low Volatility 56
How calm the share price moves, does not count
Price momentum 59
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 52
Distance to the 52-week high, does not count
New shares 14
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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−11.3%
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.
−7.2%
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.
+36.4%
Start year 2020 (pandemic). Over 10 years: +27.0% a year
Revenue growth 22 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.
+4.4%
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.
20.3% (2020) → −43.9% (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

Growth Forecast

A lot of optimism in the price
The price assumes more 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).
+53.4%
Yearly growth needed for the next five years to justify today's price.
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 +50.4% a year for the price.

4456 screens overvalued: fair value 53% below the price. Compare with International Business Machines 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.Information Technology Services · 479 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside −53.2% · Bottom 25%
Profitability
Return on assets −9.1% · Bottom 25%
Net margin (12 months) −23.8% · Bottom 25%
Operating margin (12 months) 1.7% · Below median
Growth and dividend
Revenue growth (quarter YoY) 8.4% · Above median
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/B 1.06× · Cheapest 25%
P/S (12 months) 1.39× · Pricier than median
Price / free cash flow (fiscal year) 162.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 41
FUTURE (revenue growth)42 · sector 32
PAST (return on equity)0 · sector 36
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)0 · sector 40

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 Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cognizant Technology Solutions Corporation CTSH $64.72 $139.68 +116% vs 4456
Wipro Limited WIPRO ₹198.00 ₹287.86 +45% vs 4456
Infosys Limited INFY ₹1,181 ₹1,655 +40% vs 4456
Accenture plc ACN $260.50 $332.90 +28% vs 4456
Tata Consultancy Services Limited TCS ₹2,499 ₹2,993 +20% vs 4456
HCL Technologies Limited HCLTECH ₹1,440 ₹1,602 +11% vs 4456
Amadeus IT Group AMS €60.52 €66.57 +10% vs 4456
CDW Corporation CDW $157.00 $165.54 +5% vs 4456
Broadridge Financial Solutions, Inc BR $190.40 $161.18 −15% vs 4456
International Business Machines Corporation IBM $245.00 $185.39 −24% vs 4456

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Dagang Nexchange Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Dagang Nexchange Bhd Fair Value". https://www.fairvalue-calculator.com/stock/4456

Frequently asked questions

Is Dagang Nexchange Bhd (4456) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 0.1800 MYR versus a price of 0.3850 MYR, about 53% lower (overvalued).
What is the fair value of 4456?
Our model-based fair value for Dagang Nexchange Bhd is 0.1800 MYR (as of Nov 5, 2026), built from audited fundamentals. The current price: 0.3850 MYR.
What is the quality score of 4456?
Dagang Nexchange Bhd has a Quality Score of 25/100. 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 Dagang Nexchange Bhd (4456)?
Our model-based price target is the fair value of 0.1800 MYR (as of Nov 5, 2026) from 6 valuation models. Cautious scenario 0.1500 MYR, optimistic scenario 0.2300 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Dagang Nexchange Bhd stock forecast for 2026?
Our models put fair value at 0.1800 MYR, about 53% lower versus a price of 0.3850 MYR (overvalued). Cautious scenario 0.1500 MYR, optimistic scenario 0.2300 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Dagang Nexchange Bhd (4456)?
Dagang Nexchange Bhd reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Nov 5, 2026).
What growth is priced into Dagang Nexchange Bhd (4456)?
For today's price to be fair in a discounted-cash-flow model, Dagang Nexchange Bhd would have to grow free cash flow by +53.4 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 4456 use?
Our models discount Dagang Nexchange Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.22, 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 Dagang Nexchange Bhd that is +53.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Dagang Nexchange Bhd (4456) delivered so far?
Over the past 5 years revenue at Dagang Nexchange Bhd grew +36.4 % a year. The price currently implies free-cash-flow growth of +53.4 % 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 Dagang Nexchange Bhd (4456) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Dagang Nexchange Bhd (+53.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dagang Nexchange Bhd (4456)?
The free-cash-flow yield on the price is 0.62 %: that much free cash flow Dagang Nexchange Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dagang Nexchange Bhd (4456)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dagang Nexchange Bhd it is 0.1800 MYR per share (as of Nov 5, 2026), against a price of 0.3850 MYR. It is the blended result of 6 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Dagang Nexchange Bhd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 4456 trades above its calculated fair value: price 0.3850 MYR, fair value 0.1800 MYR, a gap of about −53% (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 4456?
No. The price is what the market pays today (0.3850 MYR); the fair value is what the company's own numbers justify (0.1800 MYR). For Dagang Nexchange Bhd the two are 0.2050 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Dagang Nexchange Bhd worth?
The market values Dagang Nexchange Bhd at about 1.4B MYR (market capitalisation, as of Nov 5, 2026). Per share that is 0.3850 MYR; our models calculate a fair value of 0.1800 MYR per share.
What do the bullish and bearish scenarios say about 4456?
Our models span a range for Dagang Nexchange Bhd: cautious scenario 0.1500 MYR, base 0.1800 MYR, optimistic 0.2300 MYR per share (as of Nov 5, 2026, price 0.3850 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dagang Nexchange Bhd (4456)?
Balance-sheet figures for Dagang Nexchange Bhd (as of Nov 5, 2026): return on equity −17.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is 4456 from its 52-week high?
Dagang Nexchange Bhd trades at 0.3850 MYR, about 27% below its 52-week high of 0.5300 MYR and 54% above the low of 0.2500 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1800 MYR is for.
Which stocks are comparable to Dagang Nexchange Bhd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Dagang Nexchange Bhd stock attractive at the current price?
The data as of Nov 5, 2026: price 0.3850 MYR, calculated fair value 0.1800 MYR (−53%), Quality Score 25/100, 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 4456 calculated?
We run Dagang Nexchange Bhd through 6 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 0.1800 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. Dagang Nexchange 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 Dagang Nexchange Bhd (4456)?
The closing price on Nov 6, 2026 was 0.3850 MYR. Our model-based fair value is 0.1800 MYR, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dagang Nexchange Bhd right now?
The price sits above even our optimistic bull case (0.2300 MYR). The favourable scenario is already priced in. Weak quality (25/100) 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 Dagang Nexchange Bhd

How large is the market capitalisation of Dagang Nexchange Bhd (4456)?
The market capitalisation of Dagang Nexchange Bhd is 1.4B MYR (≈ $354M). 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 Dagang Nexchange Bhd (4456)?
The price-to-sales ratio of Dagang Nexchange Bhd is 1.45 (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 Dagang Nexchange Bhd (4456)?
Earnings per share at Dagang Nexchange Bhd are −0.0600 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dagang Nexchange Bhd (4456)?
The net margin of Dagang Nexchange Bhd is −23.8% (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 Dagang Nexchange Bhd (4456)?
The return on equity (ROE) of Dagang Nexchange Bhd is −17.8% (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 Dagang Nexchange Bhd (4456)?
On an EBIT basis the return on assets of Dagang Nexchange Bhd is 1.3% (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 Dagang Nexchange Bhd (4456)?
The operating margin of Dagang Nexchange Bhd is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dagang Nexchange Bhd (4456)?
Revenue at Dagang Nexchange Bhd is growing +8.4% versus a year earlier (3y avg −7.2%). 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 Dagang Nexchange Bhd (4456)?
Earnings per share at Dagang Nexchange Bhd are growing +24.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dagang Nexchange Bhd (4456) hold?
Dagang Nexchange Bhd holds more cash than debt, 167M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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