Artroniq Berhad (0038) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Artroniq Berhad MYR 0.09, price MYR 0.13, upside -25.2%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 0.0600 MYR – 1.17 MYR · fair‑value band 0.0765 MYR – 0.1275 MYR · the 0.1250 MYR price screens above the 0.0935 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Artroniq Berhad (0038) currently trades at 0.1250 MYR, while our model-based Fair Value estimate is 0.0935 MYR, implying the stock looks roughly 33.7% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 0.1200 MYR per share, and 2 of the 9 models we run sit above the 0.1250 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.0200 MYR, and 7 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0765 MYR (bear) to 0.1275 MYR (bull), the price of 0.1250 MYR sits inside 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 49/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Artroniq Berhad 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.
Key figures
Market cap 63.5M MYR (≈ $15.6M) · P/S ratio 5.79 · EPS (TTM) −0.0100 MYR · Dividend yield 1.3% · Net margin −71.4% · Return on equity −8.9% · Return on assets (EBIT) −9.6% · Operating margin −53.2%.
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 24% below its 52-week high and 47% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −25%, 0038 screens richer than that median.
Fair Value models
Bear 0.0765 MYRFair Value 0.0935 MYRBull 0.1275 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−59.2%
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.
−52.9%
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.
−42.7%
Start year 2020 (pandemic). Over 10 years: −15.5% a year
Revenue growth 10 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.
−15.5%
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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.
−1.9% (2020) → −61.1% (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).
+0.0%
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 −1.9% 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.Electronics & Computer Distribution · 154 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−25% · Below median
Profitability
Return on assets−4% · Bottom 25%
Net margin (TTM)−76% · Bottom 25%
Operating margin (TTM)−53% · Bottom 25%
Growth and dividend
Revenue growth36% · Top 25%
Dividend yield (TTM)1.3% · Below median
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/B0.28× · Cheapest 25%
P/S (TTM)1.42× · Priciest 25%
P/FCF3.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)100· sector 55
PAST (return on equity)0· sector 35
HEALTH (low debt)100· sector 98
DIVIDEND (yield)27· sector 64
VALUE 0: the price sits above our fair-value range.
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). "Artroniq Berhad Fair Value". https://www.fairvalue-calculator.com/stock/0038
Frequently asked questions
Is Artroniq Berhad (0038) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.0935 MYR versus a price of 0.1250 MYR, about −25% upside (overvalued).
What is the fair value of 0038?
Our model-based fair value for Artroniq Berhad is 0.0935 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.1250 MYR.
What is the quality score of 0038?
Artroniq Berhad 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 price target for Artroniq Berhad (0038)?
Our model-based price target is the fair value of 0.0935 MYR (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 0.0765 MYR, optimistic scenario 0.1275 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Artroniq Berhad stock forecast for 2026?
Our models put fair value at 0.0935 MYR, about −25% upside versus a price of 0.1250 MYR (overvalued). Cautious scenario 0.0765 MYR, optimistic scenario 0.1275 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Artroniq Berhad (0038)?
Artroniq Berhad reported trailing-twelve-month revenue of about 11.0M MYR (latest available figure, as of Sep 24, 2026).
Does Artroniq Berhad pay a dividend?
Artroniq Berhad currently shows a dividend yield of about 1.33% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Artroniq Berhad (0038)?
For today's price to be fair in a discounted-cash-flow model, Artroniq Berhad would have to grow free cash flow by +0.0 % 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 -42.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0038 use?
Our models discount Artroniq Berhad at 11.1 %: a base by market capitalisation (nano), 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 Artroniq Berhad that is +0.0 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Artroniq Berhad (0038) delivered so far?
Over the past 5 years revenue at Artroniq Berhad grew -42.7 % a year. The price currently implies +0.0 % per year free-cash-flow growth a 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 Artroniq Berhad (0038) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Artroniq Berhad (+0.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Artroniq Berhad (0038)?
The free-cash-flow yield on the price is 8.71 %: that much free cash flow Artroniq Berhad 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 Artroniq Berhad (0038)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Artroniq Berhad it is 0.0935 MYR per share (as of Sep 24, 2026), against a price of 0.1250 MYR. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Artroniq Berhad stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0038 trades above its calculated fair value: price 0.1250 MYR, fair value 0.0935 MYR, a gap of about −25% (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 0038?
No. The price is what the market pays today (0.1250 MYR); the fair value is what the company's own numbers justify (0.0935 MYR). For Artroniq Berhad the two are 0.0315 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Artroniq Berhad worth?
The market values Artroniq Berhad at about 63.5M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.1250 MYR; our models calculate a fair value of 0.0935 MYR per share.
What do the bullish and bearish scenarios say about 0038?
Our models span a range for Artroniq Berhad: cautious scenario 0.0765 MYR, base 0.0935 MYR, optimistic 0.1275 MYR per share (as of Sep 24, 2026, price 0.1250 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Artroniq Berhad (0038)?
Balance-sheet figures for Artroniq Berhad (as of Sep 24, 2026): return on equity −8.9%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 0038 from its 52-week high?
Artroniq Berhad trades at 0.1250 MYR, about 24% below its 52-week high of 0.1650 MYR and 47% above the low of 0.0850 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0935 MYR is for.
Which stocks are comparable to Artroniq Berhad?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, 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 Artroniq Berhad stock attractive at the current price?
The data as of Sep 24, 2026: price 0.1250 MYR, calculated fair value 0.0935 MYR (−25%), Quality Score 49/100, from 9 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 0038 calculated?
We run Artroniq Berhad through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.0935 MYR, 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 14.0 % above its aggregate fair value. Artroniq Berhad 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 Artroniq Berhad (0038)?
The closing price on Sep 24, 2026 was 0.1250 MYR. Our model-based fair value is 0.0935 MYR, about −25% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Artroniq Berhad right now?
Solid but not exceptional quality (49/100) 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 Artroniq Berhad
How large is the market capitalisation of Artroniq Berhad (0038)?
The market capitalisation of Artroniq Berhad is 63.5M MYR (≈ $15.6M). 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 Artroniq Berhad (0038)?
The price-to-sales ratio of Artroniq Berhad is 5.79 (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 Artroniq Berhad (0038)?
Earnings per share at Artroniq Berhad are −0.0100 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Artroniq Berhad (0038)?
The dividend yield of Artroniq Berhad is 1.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Artroniq Berhad (0038)?
The net margin of Artroniq Berhad is −71.4% (fiscal year 2025). 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 Artroniq Berhad (0038)?
The return on equity (ROE) of Artroniq Berhad is −8.9% (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 Artroniq Berhad (0038)?
On an EBIT basis the return on assets of Artroniq Berhad is −9.6% (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 Artroniq Berhad (0038)?
The operating margin of Artroniq Berhad is −53.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Artroniq Berhad (0038)?
Revenue at Artroniq Berhad is growing +36.4% versus a year earlier (3y avg −52.9%). 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 Artroniq Berhad (0038) hold?
Artroniq Berhad holds more cash than debt, 4.4M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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