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Artroniq Berhad, an investment holding company, (0038) Fair Value & Analysis

Technology · MY · Market cap 63.5M MYR

AB Artroniq Berhad, an investment holding company, 0038 · KLSE
Price0.1500 MYR
Fair Value0.0510 MYR
Upside-66.0%
Quality49/100
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Weak Growth
Loss-making · -76.0% net margin
Low debt · generates free cash flow
Trails peers (3/11)
Narrow moat 12/100
Evidence: Medium Range 0.0340 MYR – 0.0680 MYR Share as image

Fair value as of: Jul 12, 2026

From 9 valuation models · updated 29 days ago

Share price +20.0% over the past month.

Below-average quality, and screening another 66% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0680 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.0340 MYR to 0.0680 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.17 MYR 0.0600 MYR Fair Value 0.0510 MYR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 0.0600 MYR – 1.17 MYR · fair‑value band 0.0340 MYR – 0.0680 MYR · the 0.1500 MYR price screens above the 0.0510 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Artroniq Berhad, an investment holding company, (0038) currently trades at 0.1500 MYR, while our model-based Fair Value estimate is 0.0510 MYR, implying the stock looks roughly 66.0% overvalued today. The Quality Score stands at 49/100 (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: medium).

Over the trailing twelve months, Artroniq Berhad, an investment holding company, generated revenue of 11.0M MYR at a net margin of -76.0%. Revenue grew 36.4% year over year. It earns a return on equity of -8.9%. The balance sheet holds a net cash position of 4.4M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.0340 MYR (bear case) to 0.0680 MYR (bull case); at 0.1500 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 12% below its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -66%, 0038 screens richer 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
Growth DCF 0.0900 MYR 0.1000 MYR 0.1300 MYR 80
Rev-Margin DCF 0.0600 MYR 0.0800 MYR 0.1000 MYR 74
Gordon GGM 0.0100 MYR 0.0100 MYR 0.0100 MYR 70
All 9 models by family
DCF Models
FCF DCF 0.0800 MYR 0.1000 MYR 0.1300 MYR 38
5Y Revenue Exit 0.0600 MYR 0.0800 MYR 0.1000 MYR 39
10Y Revenue Exit 0.0700 MYR 0.0800 MYR 0.0900 MYR 36
Dividend Discount
Gordon GGM 0.0100 MYR 0.0100 MYR 0.0100 MYR 70
DDM Multi-Stage 0.0100 MYR 0.0100 MYR 0.0200 MYR 61
Multiples
EV/Revenue 0.0500 MYR 0.0700 MYR 0.0800 MYR 43
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0700 MYR 0.1100 MYR 50
Growth DCF
Growth DCF 0.0900 MYR 0.1000 MYR 0.1300 MYR 80
Rev-Margin DCF 0.0600 MYR 0.0800 MYR 0.1000 MYR 74

Widest divergence: DCF Models (0.0800 MYR) versus Dividend Discount (0.0100 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 11.0M MYR
Revenue growth (YoY) +36.4%
Net margin -76.0%
Return on equity -8.9%
Free cash flow 4.9M MYR FY2025
Operating margin -53.2%
More key figures
EPS (TTM) -0.0100 MYR
Net cash 4.4M MYR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 55 · Market factors (momentum, volatility) 69

Profitability 2
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 0
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

Artroniq Berhad, an investment holding company, provides trading of information and communication technology (ICT) products and related services, management services, and semiconductor in Malaysia, Asia, and the United States.

Full company description

Artroniq Berhad, an investment holding company, provides trading of information and communication technology (ICT) products and related services, management services, and semiconductor in Malaysia, Asia, and the United States. It is involved in the import, export, and distribution of information and communication technology products and related activities; manufacturing of polyethylene compound for wire and cable insulation and jacketing; compounding of plastic master batches, polymer additive, plastic compound and composites; provision of point of sales solutions and distribution of POS hardware, peripherals and related services; trading manufacturing and design of jig and fixture, precision tooling component; providing finance and investment consultation services; general trading, buying and selling of goods, import and export, modification, and repair works. Artroniq Berhad was incorporated in 2002 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Artroniq Berhad, an investment holding company, reported revenue of 10.4M MYR in FY2025 versus 269M MYR in FY2021, a compound −55.7%/yr. Reported net income was −7.4M MYR in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
10.4M MYR
Latest YoY
−59.2%
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.
−52.9%
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.
−42.7%
Avg. growth/yr (10Y) 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.
−15.5%
Revenue −55.7%/yr
FY21 269M MYR
FY22 99.3M MYR
FY23 38.3M MYR
FY24 25.4M MYR
FY25 10.4M MYR
Net income
FY21 4.8M MYR
FY22 −7.8M MYR
FY23 −5.5M MYR
FY24 −20.9M MYR
FY25 −7.4M MYR

0038 screens 66% overvalued. Compare with TD SYNNEX Corporation →

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Cite: Fair Value Calculator (2026). "Artroniq Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0038

Peer Group

Electronics & Computer Distribution · 151 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 49 · Below median
Fair Value upside −66% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -76% · Bottom 25%
Operating margin (TTM) -53% · Bottom 25%
Revenue growth 36% · Top 25%

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/B 0.28× · Cheaper than 75% of peers
P/S (TTM) 1.42× · Pricier than 75% of peers
P/FCF 3.2× · Pricier than median

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 0 · sector 14
FUTURE 100 · sector 57
PAST 0 · sector 36
HEALTH 100 · sector 98
DIVIDEND 0 · sector 39

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is Artroniq Berhad, an investment holding company, (0038) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.0510 MYR versus a price of 0.1500 MYR, about −66% (overvalued).
What is the fair value of 0038?
Our model-based fair value for Artroniq Berhad, an investment holding company, is 0.0510 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.1500 MYR.
What is the quality score of 0038?
Artroniq Berhad, an investment holding company, has a Quality Score of 49/100. 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 Artroniq Berhad, an investment holding company, (0038)?
Artroniq Berhad, an investment holding company, reported trailing-twelve-month revenue of about 11.0M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0038?
The net profit margin of Artroniq Berhad, an investment holding company, is about -76.0%, meaning it is currently running at a net loss. 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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