NCT Alliance Bhd (0056) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of NCT Alliance Bhd MYR 0.22, price MYR 0.56, upside -60.5%, quality 29 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 0.3100 MYR – 0.6850 MYR · fair‑value band 0.2125 MYR – 0.4675 MYR · the 0.5600 MYR price screens above the 0.2210 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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NCT Alliance Berhad, an investment holding company, engages in the property development business in Malaysia. The company develops residential and commercial properties. It also operates as a general and renovation works contractor, as well as offers provision of project management activities.
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NCT Alliance Berhad, an investment holding company, engages in the property development business in Malaysia. The company develops residential and commercial properties. It also operates as a general and renovation works contractor, as well as offers provision of project management activities. The company was formerly known as Grand-Flo Berhad and changed its name to NCT Alliance Berhad in July 2021. NCT Alliance Berhad was founded in 1985 and is headquartered in Puchong, Malaysia. NCT Alliance Berhad operates as a subsidiary of YBG Yap Consolidated Sdn. Bhd.
Stock analysis
NCT Alliance Bhd (0056) currently trades at 0.5600 MYR, while our model-based Fair Value estimate is 0.2210 MYR, implying the stock looks roughly 153.4% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.7200 MYR per share, and 3 of the 15 models we run sit above the 0.5600 MYR price.
Bear case: the Asset-Based group reads lowest at 0.2300 MYR, and 12 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2125 MYR (bear) to 0.4675 MYR (bull), the price of 0.5600 MYR 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 29/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
NCT Alliance Bhd reported revenue of 476M MYR in FY2025 versus 210M MYR in FY2021, a compound +22.7%/yr. Reported net income was 49.6M MYR in FY2025, compounding +10.1%/yr from FY2021.
Key figures
Market cap 1.2B MYR (≈ $298M) · P/E ratio 28.0 · P/S ratio 2.92 · EPS (TTM) 0.0200 MYR · Net margin 10.4% · Return on equity 6.4% · Return on assets (EBIT) 6.6% · Operating margin 29.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at −61%, 0056 screens richer than that median.
Fair Value models
Bear 0.2125 MYRFair Value 0.2210 MYRBull 0.4675 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0146 MYR per share) are deliberately not added.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+83.5%
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.
+25.4%
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.
+44.0%
Start year 2020 (pandemic). Over 10 years: +14.7% a year
Revenue growth 19 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.
+13.0%
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What shareholders gained per year (last 5 years), in MYR ⓘ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 5 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. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19% vs 2%, picking up
Profit margin 2020 to 2025 ⓘ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.15% → 12%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.0%/yr over ~10Y (margins intact) ⓘ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.
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.Information Technology Services · 498 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−61% · Bottom 25%
Profitability
Return on equity (TTM)6% · Below median
Return on assets4% · Above median
Net margin (TTM)11% · Top 25%
Operating margin (TTM)30% · Top 25%
Growth and dividend
Revenue growth5% · Below median
Balance sheet
Debt / equity0.34× · Highest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (TTM)28.0× · Pricier than median
P/B1.64× · Cheaper than median
P/S (TTM)2.53× · Priciest 25%
EV/EBITDA13.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 45
FUTURE (revenue growth)25· sector 31
PAST (return on equity)26· sector 36
HEALTH (low debt)83· sector 97
DIVIDEND (yield)0· sector 43
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). "NCT Alliance Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0056
Frequently asked questions
Is NCT Alliance Bhd (0056) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.2210 MYR versus a price of 0.5600 MYR, about −61% upside (overvalued).
What is the fair value of 0056?
Our model-based fair value for NCT Alliance Bhd is 0.2210 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.5600 MYR.
What is the quality score of 0056?
NCT Alliance Bhd has a Quality Score of 29/100. 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 NCT Alliance Bhd (0056)?
Our model-based price target is the fair value of 0.2210 MYR (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 0.2125 MYR, optimistic scenario 0.4675 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the NCT Alliance Bhd stock forecast for 2026?
Our models put fair value at 0.2210 MYR, about −61% upside versus a price of 0.5600 MYR (overvalued). Cautious scenario 0.2125 MYR, optimistic scenario 0.4675 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of NCT Alliance Bhd (0056)?
NCT Alliance Bhd reported trailing-twelve-month revenue of about 480M MYR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of NCT Alliance Bhd (0056)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NCT Alliance Bhd it is 0.2210 MYR per share (as of Sep 24, 2026), against a price of 0.5600 MYR. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is NCT Alliance Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0056 trades above its calculated fair value: price 0.5600 MYR, fair value 0.2210 MYR, a gap of about −61% (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 0056?
No. The price is what the market pays today (0.5600 MYR); the fair value is what the company's own numbers justify (0.2210 MYR). For NCT Alliance Bhd the two are 0.3390 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is NCT Alliance Bhd worth?
The market values NCT Alliance Bhd at about 1.2B MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.5600 MYR; our models calculate a fair value of 0.2210 MYR per share.
What do the bullish and bearish scenarios say about 0056?
Our models span a range for NCT Alliance Bhd: cautious scenario 0.2125 MYR, base 0.2210 MYR, optimistic 0.4675 MYR per share (as of Sep 24, 2026, price 0.5600 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0056?
NCT Alliance Bhd trades at a price-to-earnings ratio of 28.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2210 MYR is built from several models across several years. Other multiples: P/B 1.6, P/S 2.5, EV/EBITDA 13.2.
How solid is the balance sheet of NCT Alliance Bhd (0056)?
Balance-sheet figures for NCT Alliance Bhd (as of Sep 24, 2026): return on equity 6.4%, debt of 0.34 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 0056 from its 52-week high?
NCT Alliance Bhd trades at 0.5600 MYR, about 14% below its 52-week high of 0.6500 MYR and 15% above the low of 0.4850 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2210 MYR is for.
Which stocks are comparable to NCT Alliance Bhd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 NCT Alliance Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.5600 MYR, calculated fair value 0.2210 MYR (−61%), Quality Score 29/100, from 15 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 0056 calculated?
We run NCT Alliance Bhd through 15 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 0.2210 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. NCT Alliance Bhd 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 NCT Alliance Bhd (0056)?
The closing price on Sep 24, 2026 was 0.5600 MYR. Our model-based fair value is 0.2210 MYR, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NCT Alliance Bhd right now?
The price sits above even our optimistic bull case (0.4675 MYR). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.2125 MYR to 0.4675 MYR) leaves room in how you read the outcome.
Where does the earnings growth of NCT Alliance Bhd (0056) come from?
Earnings per share at NCT Alliance Bhd grew +1.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.6 %, EBIT margin +1.5 %, tax rate −2.3 %, residual (interest, one-offs) +4.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of NCT Alliance Bhd
How large is the market capitalisation of NCT Alliance Bhd (0056)?
The market capitalisation of NCT Alliance Bhd is 1.2B MYR (≈ $298M). 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 NCT Alliance Bhd (0056)?
The price-to-sales ratio of NCT Alliance Bhd is 2.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NCT Alliance Bhd (0056)?
Earnings per share at NCT Alliance Bhd are 0.0200 MYR (price ÷ EPS = P/E 28.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NCT Alliance Bhd (0056)?
The net margin of NCT Alliance Bhd is 10.4% (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 NCT Alliance Bhd (0056)?
The return on equity (ROE) of NCT Alliance Bhd is 6.4% (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 NCT Alliance Bhd (0056)?
On an EBIT basis the return on assets of NCT Alliance Bhd is 6.6% (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 NCT Alliance Bhd (0056)?
The operating margin of NCT Alliance Bhd is 29.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NCT Alliance Bhd (0056)?
Revenue at NCT Alliance Bhd is growing +5.0% versus a year earlier (3y avg +25.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NCT Alliance Bhd (0056)?
Earnings per share at NCT Alliance Bhd are growing −16.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NCT Alliance Bhd (0056) generate?
The free cash flow of NCT Alliance Bhd is −15.3M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does NCT Alliance Bhd (0056) carry?
The net debt of NCT Alliance Bhd is 276M MYR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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