Excel Force MSC Bhd (0065) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Excel Force MSC Bhd MYR 0.23, price MYR 0.22, upside +4.6%, quality 60 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 0.0900 MYR – 0.6525 MYR · fair‑value band 0.1700 MYR – 0.2900 MYR · the 0.2200 MYR price screens below the 0.2300 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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Excel Force MSC Berhad, together with its subsidiaries, develops, provides, and maintains software application solutions for the financial services industry in Malaysia. The company operates in four segments: Application Solutions, Maintenance Services, Application Services Provider, and Other segments.
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Excel Force MSC Berhad, together with its subsidiaries, develops, provides, and maintains software application solutions for the financial services industry in Malaysia. The company operates in four segments: Application Solutions, Maintenance Services, Application Services Provider, and Other segments. Its product portfolio includes CyberBroker Front Office for client-server, web, and mobile-based stock trading systems; CyberBroker Middle Office; CyberBroker Back Office, including custodian and nominee systems; StockBanking System comprising share margin financing systems; and fundamental analysis systems. The company also offers eForce One, a web trading platform that operates as an electronic client ordering system; Mobile Trade 3.5G, a mobile trading system; eForce Interactive X-Chart, a charting tool; eForce EmPower, a back-office system; and Cyberstock, a dealer and remisier system. In addition, it provides investment advisory services. Excel Force MSC Berhad was founded in 1994 and is based in Petaling Jaya, Malaysia.
Stock analysis
Excel Force MSC Bhd (0065) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.2300 MYR, implying the stock looks roughly 4.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.2800 MYR per share, and 13 of the 25 models we run sit above the 0.2200 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.0700 MYR, and 12 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1700 MYR (bear) to 0.2900 MYR (bull), the price of 0.2200 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 60/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Excel Force MSC Bhd reported revenue of 27.4M MYR in FY2024 versus 31.4M MYR in FY2020, a compound −3.4%/yr. Reported net income was 5.1M MYR in FY2024, compounding −17.1%/yr from FY2020.
Key figures
Market cap 134M MYR (≈ $32.9M) · P/E ratio 22.0 · P/S ratio 4.08 · EPS (TTM) 0.0100 MYR · Dividend yield 2.3% · Net margin 18.5% · Return on equity 2.6% · Return on assets (EBIT) 10.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 144% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at 5%, 0065 screens cheaper than that median.
Fair Value models
Bear 0.1700 MYRFair Value 0.2300 MYRBull 0.2900 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 2024 figures (about 12 months old). Earnings retained since then (0.0050 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.6%
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.
−9.8%
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.
+3.6%
Revenue growth 21 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.
+10.7%
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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.
−7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)2.3%
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.−10% vs −8%, steady
Profit margin 2019 to 2024 ⓘ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.36% → 28%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−2.7%
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 −4.6% 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.Software - Application · 721 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+5% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Above median
Net margin (TTM)12% · Above median
Operating margin (TTM)23% · Top 25%
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)2.3% · Above median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
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). "Excel Force MSC Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0065
Frequently asked questions
Is Excel Force MSC Bhd (0065) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.2300 MYR versus a price of 0.2200 MYR, about +5% upside (fairly valued).
What is the fair value of 0065?
Our model-based fair value for Excel Force MSC Bhd is 0.2300 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.2200 MYR.
What is the quality score of 0065?
Excel Force MSC Bhd has a Quality Score of 60/100. 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 Excel Force MSC Bhd (0065)?
Our model-based price target is the fair value of 0.2300 MYR (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 0.1700 MYR, optimistic scenario 0.2900 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Excel Force MSC Bhd stock forecast for 2026?
Our models put fair value at 0.2300 MYR, about +5% upside versus a price of 0.2200 MYR (fairly valued). Cautious scenario 0.1700 MYR, optimistic scenario 0.2900 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Excel Force MSC Bhd (0065)?
Excel Force MSC Bhd reported trailing-twelve-month revenue of about 27.9M MYR (latest available figure, as of Sep 24, 2026).
Does Excel Force MSC Bhd pay a dividend?
Excel Force MSC Bhd currently shows a dividend yield of about 2.27% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Excel Force MSC Bhd (0065)?
For today's price to be fair in a discounted-cash-flow model, Excel Force MSC Bhd would have to grow free cash flow by -2.7 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0065 use?
Our models discount Excel Force MSC Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.29, 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 Excel Force MSC Bhd that is -2.7 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Excel Force MSC Bhd (0065) delivered so far?
Over the past 5 years revenue at Excel Force MSC Bhd grew +3.6 % a year. The price currently implies -2.7 % 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 Excel Force MSC Bhd (0065) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Excel Force MSC Bhd (-2.7 % 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 Excel Force MSC Bhd (0065)?
The free-cash-flow yield on the price is 8.62 %: that much free cash flow Excel Force MSC Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Excel Force MSC Bhd (0065)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Excel Force MSC Bhd it is 0.2300 MYR per share (as of Sep 24, 2026), against a price of 0.2200 MYR. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Excel Force MSC Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0065 trades below its calculated fair value: price 0.2200 MYR, fair value 0.2300 MYR, a gap of about +5% (fairly valued). 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 0065?
No. The price is what the market pays today (0.2200 MYR); the fair value is what the company's own numbers justify (0.2300 MYR). For Excel Force MSC Bhd the two are 0.0100 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Excel Force MSC Bhd worth?
The market values Excel Force MSC Bhd at about 134M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.2200 MYR; our models calculate a fair value of 0.2300 MYR per share.
What do the bullish and bearish scenarios say about 0065?
Our models span a range for Excel Force MSC Bhd: cautious scenario 0.1700 MYR, base 0.2300 MYR, optimistic 0.2900 MYR per share (as of Sep 24, 2026, price 0.2200 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0065?
Excel Force MSC Bhd trades at a price-to-earnings ratio of 22.0 (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 0.2300 MYR is built from several models across several years. Other multiples: P/B 0.3, P/S 1.2, EV/EBITDA 2.6.
How solid is the balance sheet of Excel Force MSC Bhd (0065)?
Balance-sheet figures for Excel Force MSC Bhd (as of Sep 24, 2026): return on equity 2.6%, debt of 0.05 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 0065 from its 52-week high?
Excel Force MSC Bhd trades at 0.2200 MYR, about 6% below its 52-week high of 0.2343 MYR and 144% above the low of 0.0900 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2300 MYR is for.
Which stocks are comparable to Excel Force MSC Bhd?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Excel Force MSC Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.2200 MYR, calculated fair value 0.2300 MYR (+5%), Quality Score 60/100, from 25 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 0065 calculated?
We run Excel Force MSC Bhd through 25 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 0.2300 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. Excel Force MSC Bhd currently trades 5 % below its own fair value, and the market average says nothing about that. 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 Excel Force MSC Bhd (0065)?
The closing price on Sep 24, 2026 was 0.2200 MYR. Our model-based fair value is 0.2300 MYR, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Excel Force MSC Bhd right now?
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.
Where does the earnings growth of Excel Force MSC Bhd (0065) come from?
Earnings per share at Excel Force MSC Bhd grew −4.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share −1.2 %, EBIT margin −0.5 %, tax rate −1.1 %, residual (interest, one-offs) −1.8 %. 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 Excel Force MSC Bhd
How large is the market capitalisation of Excel Force MSC Bhd (0065)?
The market capitalisation of Excel Force MSC Bhd is 134M MYR (≈ $32.9M). 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 Excel Force MSC Bhd (0065)?
The price-to-sales ratio of Excel Force MSC Bhd is 4.08 (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 Excel Force MSC Bhd (0065)?
Earnings per share at Excel Force MSC Bhd are 0.0100 MYR (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Excel Force MSC Bhd (0065)?
The dividend yield of Excel Force MSC Bhd is 2.3% (payout 50.0%). 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 Excel Force MSC Bhd (0065)?
The net margin of Excel Force MSC Bhd is 18.5% (fiscal year 2024). 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 Excel Force MSC Bhd (0065)?
The return on equity (ROE) of Excel Force MSC Bhd is 2.6% (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 Excel Force MSC Bhd (0065)?
On an EBIT basis the return on assets of Excel Force MSC Bhd is 10.7% (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 Excel Force MSC Bhd (0065)?
The operating margin of Excel Force MSC Bhd is 22.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Excel Force MSC Bhd (0065)?
Revenue at Excel Force MSC Bhd is growing +13.6% versus a year earlier (3y avg −9.8%). 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 Excel Force MSC Bhd (0065)?
Earnings per share at Excel Force MSC Bhd are growing −28.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Excel Force MSC Bhd (0065) hold?
Excel Force MSC Bhd holds more cash than debt, 14.2M MYR net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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