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Data-driven stock valuation

NetX Holdings Bhd (0020) fair value: what the stock is really worth

We calculate from audited financials what NetX Holdings Bhd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Technology · MY · Market cap 51.6M MYR (≈ $12.7M) · ISIN MYQ0020OO006

At a glance

NH NetX Holdings Bhd 0020 · KLSE
Price0.0500 MYR
Fair Value0.0428 MYR
Upside−14.4%
Quality42/100

Below-average quality, and trading another 17% above our fair value of 0.0428 MYR.

As of Aug 13, 2026, the fair value of NetX Holdings Bhd is 0.0428 MYR per share against a price of 0.0500 MYR, so the fair value sits 14% below the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y −9.8 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (1/9)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 7 out of 100
Evidence: Low Range 0.0338 MYR to 0.0428 MYR

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 24 days ago

Fair value updated Aug 13, 2026, revised from 0.0468 MYR to 0.0428 MYR (−8.4%) since Jul 17, 2026. Share price +11.1% over the past month.

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What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (0.0428 MYR). The favourable scenario is already priced in.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

0.1900 MYR 0.0300 MYR Fair Value 0.0428 MYR Dec 2020 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0300 MYR – 0.1900 MYR · fair‑value band 0.0338 MYR – 0.0428 MYR · the 0.0500 MYR price screens above the 0.0428 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

NetX Holdings Bhd (0020) currently trades at 0.0500 MYR, while our model-based Fair Value estimate is 0.0428 MYR, implying the stock looks roughly 16.8% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at 5.0M MYR. It earns a return on equity of −25.3%. Fundamentals as of Aug 13, 2026

Scenario range: 0.0338 MYR (bear) to 0.0428 MYR (bull), the price of 0.0500 MYR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a 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 69% fair-value upside, at −14%, 0020 screens richer than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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) best evidence 0.0400 MYR 0.0600 MYR 0.0900 MYR 53
All 1 models by family
Asset-Based
NCAV (Graham) best evidence 0.0400 MYR 0.0600 MYR 0.0900 MYR 53

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Key figures & financial health

P/S ratio 9.37 TTM
EPS (TTM) −0.0200 MYR
Return on equity −25.3% TTM
Return on assets (EBIT) −13.5% avg 5y
Operating margin −1,168% TTM
Revenue (TTM) 5.0M MYR TTM
More key figures
Growth
Revenue growth (YoY) −94.8% 3y avg −13.3%
Balance sheet & cash flow
Free cash flow −7.3M MYR FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 48

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 50
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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 Bhd 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. revenue 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. revenue 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. revenue 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%
EBIT 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.
−113.4% (2020) → −193.4% (2025)
Value creation/yr 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
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

0020 screens 17% overvalued. Compare with International Business Machines Corporation →

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

Peer Group

Information Technology Services · 486 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.

Valuation
Quality Score 44 · Bottom 25%
Fair Value upside −20% · Below median
Profitability
Return on assets −9% · Bottom 25%
Net margin (TTM) 0% · Below median
Growth and dividend
Revenue growth −95% · Bottom 25%
Balance sheet
Debt / equity 0.12× · Above median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/B 0.16× · Cheapest 25%
P/S (TTM) 2.55× · Priciest 25%

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE7 · sector 33
FUTURE0 · sector 30
PAST0 · sector 32
HEALTH94 · sector 97
DIVIDEND0 · sector 35

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $234.89 $175.76 −25%
Accenture plc ACN $189.61 $334.27 +76%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,156 ₹1,958 +69%
HCL Technologies Limited HCLTECH ₹1,293 ₹1,722 +33%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 −53%
Cognizant Technology Solutions Corporation CTSH $64.04 $132.01 +106%
Capgemini SE CGM €107.05 €182.14 +70%

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Frequently asked questions

Is NetX Holdings Bhd (0020) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0428 MYR versus a price of 0.0500 MYR, about −14% upside (overvalued).
What is the fair value of 0020?
Our model-based fair value for NetX Holdings Bhd is 0.0428 MYR (as of Aug 13, 2026), built from audited fundamentals. The current price: 0.0500 MYR.
What is the quality score of 0020?
NetX Holdings Bhd 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 price target for NetX Holdings Bhd (0020)?
Our model-based price target is the fair value of 0.0428 MYR (as of Aug 13, 2026) from 1 valuation models. Cautious scenario 0.0338 MYR, optimistic scenario 0.0428 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the NetX Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0428 MYR, about −14% upside versus a price of 0.0500 MYR (overvalued). Cautious scenario 0.0338 MYR, optimistic scenario 0.0428 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of NetX Holdings Bhd (0020)?
NetX Holdings Bhd reported trailing-twelve-month revenue of about 5.0M MYR (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0020?
The net profit margin of NetX Holdings Bhd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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