Flexiroam Ltd (FRX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Flexiroam Ltd stock A$0.02, price A$0.02, that is 13.5% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 22 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 9, 2026.
How to read this chart
60‑month range A$0.0040 – A$0.0560 · fair‑value band A$0.0154 – A$0.0192 · the A$0.0200 price screens above the A$0.0173 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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FlexiRoam Limited engages in the telecommunications and Internet of Things (IoT) connectivity business worldwide. It operates through Travel and Business-to-Business segments.
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The company supplies eSIM and physical SIM based data solutions; and local data, regional data, global data, voice and text, and inflight data plans. It also provides distribution, white label, and wholesale partner programs, as well as corporate solutions for businesses.
The company was formerly known as Flexiroam Sdn Bhd and changed its name to FlexiRoam Limited in April 2015. FlexiRoam Limited was founded in 2011 and is based in Petaling Jaya, Malaysia.
Stock analysis
Flexiroam Ltd (FRX) currently trades at A$0.0200, while our model-based Fair Value estimate is A$0.0173, 14% 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 A$0.0450 per share, and 7 of the 21 models we run sit above the A$0.0200 price.
Bear case: the Multiples group reads lowest at A$0.0100, and 14 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.0154 (bear) to A$0.0192 (bull), the price of A$0.0200 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 55/100 (solid quality), in the Communication Services sector.
Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
Flexiroam Ltd reported revenue of A$10.2M in FY2026 versus A$3.7M in FY2022, a compound +29.0%/yr. Reported net income was A$658K in FY2026.
Key figures
Market cap A$30.3M (≈ $20.9M) Micro · P/S ratio 2.83 · Net margin 6.5% · Return on equity 19.9% · Return on assets (EBIT) −29.1% (5-year average) · Operating margin −16.1% · Revenue (TTM) A$10.2M · Revenue growth (YoY) −29.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at −14%, FRX screens richer than that median.
Fair Value models
BearA$0.0154Fair Value A$0.0173BullA$0.0192
Price A$0.0200 · Downside -13.5%
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
EPVA$0.0100A$0.0100A$0.010074
FCF DCFA$0.0400A$0.0600A$0.130073
5Y Revenue ExitA$0.0200A$0.0200A$0.030072
All 22 models by family
DCF Models
FCF DCFA$0.0400A$0.0600A$0.130073
Owner EarningsA$0.0200A$0.0400A$0.090068
5Y Revenue ExitA$0.0200A$0.0200A$0.030072
5Y EBITDA ExitA$0.0100A$0.0200A$0.030071
5Y P/E ExitA$0.0200A$0.0300A$0.040069
10Y Revenue ExitA$0.0200A$0.0300A$0.040065
10Y EBITDA ExitA$0.0200A$0.0300A$0.050065
10Y P/E ExitA$0.0200A$0.0400A$0.060060
Earnings-Based
Graham-Doddn/aA$0.0200A$0.030060
Lynch FVA$0.0100A$0.0200A$0.020060
PEG = 1.0A$0.0100A$0.0200A$0.020056
EPVA$0.0100A$0.0100A$0.010074
Multiples
P/E MultipleA$0.0100A$0.0100A$0.010063
P/S MultipleA$0.0100A$0.0100A$0.010058
EV/EBITA$0.0100A$0.0100A$0.010066
EV/EBITDAA$0.0100A$0.0100A$0.010067
EV/RevenueA$0.0100A$0.0100A$0.010054
Growth DCF
Growth DCFA$0.0300A$0.0700A$0.130072
Rev-Margin DCFA$0.0200A$0.0200A$0.040069
Economic Profit
Residual Incomen/an/aA$0.010064
ROIC CompounderA$0.0100A$0.0100A$0.010070
Growth Earnings
Growth-Adj P/EA$0.0100A$0.0200A$0.030063
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.55/100
Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
Revenue growth 1 year
−25.1%
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.
+54.4%
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What shareholders gained per year (last 3 years) ⓘ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 3 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.
−54.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−54.8%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.−94% → 8%
⚠ Revenue per share shrinking 11.5%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−6.5%
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 (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −9.2% 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.Telecom Services · 234 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−13.5% · Below median
Profitability
Return on equity (12 months)19.9% · Top 25%
Return on assets7.1% · Top 25%
Net margin (12 months)6.5% · Below median
Operating margin (12 months)−16.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−29.2% · Bottom 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/B7.33× · Priciest 25%
P/S (12 months)2.97× · Priciest 25%
Price / free cash flow (fiscal year)11.2× · 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). "Flexiroam Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FRX
Frequently asked questions
Is Flexiroam Ltd (FRX) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$0.0173 versus a price of A$0.0200, about 14% lower (overvalued).
What is the fair value of FRX?
Our model-based fair value for Flexiroam Ltd is A$0.0173 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$0.0200.
What is the quality score of FRX?
Flexiroam Ltd has a Quality Score of 55/100. 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 Flexiroam Ltd (FRX)?
Our model-based price target is the fair value of A$0.0173 (as of Nov 9, 2026) from 22 valuation models. Cautious scenario A$0.0154, optimistic scenario A$0.0192. It is a calculation from audited fundamentals, not an analyst target.
What is the Flexiroam Ltd stock forecast for 2026?
Our models put fair value at A$0.0173, about 14% lower versus a price of A$0.0200 (overvalued). Cautious scenario A$0.0154, optimistic scenario A$0.0192. The calculation is refreshed regularly with new filings.
What is the revenue of Flexiroam Ltd (FRX)?
Flexiroam Ltd reported trailing-twelve-month revenue of about A$10.2M (latest available figure, as of Nov 9, 2026).
What growth is priced into Flexiroam Ltd (FRX)?
For today's price to be fair in a discounted-cash-flow model, Flexiroam Ltd would have to grow free cash flow by -6.5 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +32.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of FRX use?
Our models discount Flexiroam Ltd at 8.3 %: a base by market capitalisation (nano), damped by beta 0.06, country premium for Australia. 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 Flexiroam Ltd that is -6.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Flexiroam Ltd (FRX) delivered so far?
Over the past 5 years revenue at Flexiroam Ltd grew +32.2 % a year. The price currently implies free-cash-flow growth of -6.5 % 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 Flexiroam Ltd (FRX) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Flexiroam Ltd (-6.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Flexiroam Ltd (FRX)?
The free-cash-flow yield on the price is 8.94 %: that much free cash flow Flexiroam Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Flexiroam Ltd (FRX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flexiroam Ltd it is A$0.0173 per share (as of Nov 9, 2026), against a price of A$0.0200. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Flexiroam Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, FRX trades above its calculated fair value: price A$0.0200, fair value A$0.0173, a gap of about −14% (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 FRX?
No. The price is what the market pays today (A$0.0200); the fair value is what the company's own numbers justify (A$0.0173). For Flexiroam Ltd the two are A$0.0027 per share apart. That gap is exactly why we show both numbers side by side.
How much is Flexiroam Ltd worth?
The market values Flexiroam Ltd at about A$30.3M (market capitalisation, as of Nov 9, 2026). Per share that is A$0.0200; our models calculate a fair value of A$0.0173 per share.
What do the bullish and bearish scenarios say about FRX?
Our models span a range for Flexiroam Ltd: cautious scenario A$0.0154, base A$0.0173, optimistic A$0.0192 per share (as of Nov 9, 2026, price A$0.0200). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Flexiroam Ltd (FRX)?
Balance-sheet figures for Flexiroam Ltd (as of Nov 9, 2026): return on equity 19.9%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is FRX from its 52-week high?
Flexiroam Ltd trades at A$0.0200, about 20% below its 52-week high of A$0.0250 and 54% above the low of A$0.0130 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0173 is for.
Which stocks are comparable to Flexiroam Ltd?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Flexiroam Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price A$0.0200, calculated fair value A$0.0173 (−14%), Quality Score 55/100, from 22 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 FRX calculated?
We run Flexiroam Ltd through 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$0.0173 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. Flexiroam Ltd 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 Flexiroam Ltd (FRX)?
The closing price on Nov 6, 2026 was A$0.0200. Our model-based fair value is A$0.0173, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flexiroam Ltd right now?
The price sits above even our optimistic bull case (A$0.0192). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Flexiroam Ltd
How large is the market capitalisation of Flexiroam Ltd (FRX)?
The market capitalisation of Flexiroam Ltd is A$30.3M (≈ $20.9M). 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 Flexiroam Ltd (FRX)?
The price-to-sales ratio of Flexiroam Ltd is 2.83 (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 Flexiroam Ltd (FRX)?
The net margin of Flexiroam Ltd is 6.5% (fiscal year 2026). 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 Flexiroam Ltd (FRX)?
The return on equity (ROE) of Flexiroam Ltd is 19.9% (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 Flexiroam Ltd (FRX)?
On an EBIT basis the return on assets of Flexiroam Ltd is −29.1% (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 Flexiroam Ltd (FRX)?
The operating margin of Flexiroam Ltd is −16.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Flexiroam Ltd (FRX)?
Revenue at Flexiroam Ltd is growing −29.2% versus a year earlier (3y avg +54.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Flexiroam Ltd (FRX) hold?
Flexiroam Ltd holds more cash than debt, A$2.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026