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NetX Holdings (0020) Fair Value & Analysis

Technology · MY · Market cap 51.6M MYR

NH NetX Holdings 0020 · KLSE
Price0.0500 MYR
Fair Value0.0468 MYR
Upside-6.4%
Quality42/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 8/100
Evidence: Low Range 0.0358 MYR – 0.0468 MYR Share as image

Fair value as of: Jul 17, 2026

From 1 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from 0.0450 MYR to 0.0468 MYR (+4.0%) since Jun 26, 2026. Share price −9.1% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits above even our optimistic bull case (0.0468 MYR). The favourable scenario is already priced in.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.1900 MYR 0.0300 MYR Fair Value 0.0468 MYR Nov 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.0300 MYR – 0.1900 MYR · fair‑value band 0.0358 MYR – 0.0468 MYR · the 0.0500 MYR price screens above the 0.0468 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

NetX Holdings (0020) currently trades at 0.0500 MYR, while our model-based Fair Value estimate is 0.0468 MYR, implying the stock looks roughly 6.4% fairly valued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at 5.0M MYR. It earns a return on equity of -25.3%. Fundamentals as of Jul 17, 2026

Our scenario range runs from 0.0358 MYR (bear case) to 0.0468 MYR (bull case); at 0.0500 MYR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -6%, 0020 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
NCAV (Graham) 0.0400 MYR 0.0600 MYR 0.0900 MYR 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0600 MYR 0.0900 MYR 50

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Key figures & financial health

Revenue (TTM) 5.0M MYR
Revenue growth (YoY) -94.8%
Return on equity -25.3%
Free cash flow −7.3M MYR FY2025
Operating margin -1,168%
EPS (TTM) -0.0200 MYR

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 51

Profitability 2
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

NetX Holdings Berhad, an investment holding company, engages in the research and development of software in Malaysia. It operates through Electronic Payment Services and Money Services, Non-electronic Payment Services, Money Lending Services, GEM, Fast Food Chain, and Others segments.

Full company description

NetX Holdings Berhad, an investment holding company, engages in the research and development of software in Malaysia. It operates through Electronic Payment Services and Money Services, Non-electronic Payment Services, Money Lending Services, GEM, Fast Food Chain, and Others segments. The company provides payment software licensing, and mobile payment solutions and support services, including its related software and hardware; offers master merchant and sub-contractors' services; sells and rents payments terminal; and provides money services through licensed money changer. It also offers network infrastructure and security management services; provides information technology system design, integration, and installation services; supplies software and hardware; and software and hardware maintenance and support services, as well as trades in all kinds of machinery and equipment. In addition, the company engages in money lending business; events consultation, planning, and management activities; supplying events props and party supplies; venue decoration services; Digital Out-of-Home (DOOH) media advertising solutions; and property investment business. Further, it invests and trades in currencies and precious commodities; offers business consultation services; trading of motor vehicles; supplies and commissions of information technologies related to lifestyle mobile application; manages local entertainments/ lifestyle talents, influencers, and key opinion leaders; operates as advertising contractors, agents and designers; and offers management advisory, fintech travel, computer programming, and document processing services. The company was formerly known as Ariantec Global Berhad and changed its name to NetX Holdings Berhad in October 2013. NetX Holdings Berhad was incorporated in 2000 and is headquartered in Petaling Jaya, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NetX Holdings reported revenue of 8.9M MYR in FY2025 versus 11.7M MYR in FY2021, a compound −6.7%/yr. Reported net income was −15.4M MYR in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
8.9M MYR
Latest YoY
−27.9%
Avg. growth/yr (3Y) 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.
−13.3%
Avg. growth/yr (5Y) 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.
−9.8%
Avg. growth/yr (11Y) 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.
+8.6%
Revenue −6.7%/yr
FY21 11.7M MYR
FY22 13.7M MYR
FY23 16.8M MYR
FY24 12.3M MYR
FY25 8.9M MYR
Net income
FY21 −20.8M MYR
FY22 −15.6M MYR
FY23 −13.5M MYR
FY24 −28.0M MYR
FY25 −15.4M MYR

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Cite: Fair Value Calculator (2026). "NetX Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0020

Peer Group

Information Technology Services · 476 stocks

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.

Quality Score 44 · Bottom 25%
Fair Value upside +0% · Above median
Return on assets -9% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Revenue growth -95% · Bottom 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 2.52× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 21
FUTURE 0 · sector 30
PAST 0 · sector 36
HEALTH 94 · sector 97
DIVIDEND 0 · sector 37

Insider activity: 30/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is NetX Holdings (0020) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 0.0468 MYR versus a price of 0.0500 MYR, about −6% (fairly valued).
What is the fair value of 0020?
Our model-based fair value for NetX Holdings is 0.0468 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 0.0500 MYR.
What is the quality score of 0020?
NetX Holdings has a Quality Score of 42/100. 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 revenue of NetX Holdings (0020)?
NetX Holdings reported trailing-twelve-month revenue of about 5.0M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 0020?
The net profit margin of NetX Holdings is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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