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GDEX Berhad, an investment holding company, (0078) Fair Value & Analysis

Industrials · MY · Market cap 740M MYR

GB GDEX Berhad, an investment holding company, 0078 · KLSE
Price0.1300 MYR
Fair Value0.2080 MYR
Upside+60.0%
Quality59/100
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Mixed Growth
Loss-making · -0.3% net margin
Low debt · generates free cash flow
1.43% dividend yield
Mixed vs. peers (6/13)
Narrow moat 24/100
Evidence: High Range 0.1513 MYR – 0.2080 MYR Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 0.1200 MYR to 0.2080 MYR (+73.3%) since Jun 26, 2026. Share price −3.7% over the past month.

A solid business, screening 60% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.1513 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.3765 MYR 0.0837 MYR Fair Value 0.2080 MYR Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.0837 MYR – 0.3765 MYR · fair‑value band 0.1513 MYR – 0.2080 MYR · the 0.1300 MYR price screens below the 0.2080 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

GDEX Berhad, an investment holding company, (0078) currently trades at 0.1300 MYR, while our model-based Fair Value estimate is 0.2080 MYR, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, GDEX Berhad, an investment holding company, generated revenue of 416M MYR at a net margin of -0.3%. Revenue declined 0.1% year over year. It earns a return on equity of -0.7%. Net debt stands at 49.2M MYR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.1513 MYR (bear case) to 0.2080 MYR (bull case); at 0.1300 MYR, the current price sits below 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 21% below its 52-week high and 53% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 60%, 0078 screens cheaper 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 0.0800 MYR 0.1100 MYR 0.1500 MYR 80
Rev-Margin DCF 0.0500 MYR 0.0600 MYR 0.0700 MYR 74
ROIC Compounder 0.0200 MYR 0.0200 MYR 0.0200 MYR 72
All 16 models by family
DCF Models
FCF DCF 0.0800 MYR 0.1100 MYR 0.1600 MYR 38
Owner Earnings 0.0900 MYR 0.1300 MYR 0.1800 MYR 31
5Y Revenue Exit 0.0500 MYR 0.0600 MYR 0.0600 MYR 39
5Y EBITDA Exit 0.0900 MYR 0.1500 MYR 0.2100 MYR 41
10Y Revenue Exit 0.0600 MYR 0.0700 MYR 0.0800 MYR 36
10Y EBITDA Exit 0.0900 MYR 0.1300 MYR 0.1900 MYR 37
Earnings-Based
EPV 0.0200 MYR 0.0200 MYR 0.0200 MYR 59
Dividend Discount
Gordon GGM 0.0200 MYR 0.0300 MYR 0.0400 MYR 70
DDM Multi-Stage 0.0200 MYR 0.0300 MYR 0.0300 MYR 61
Multiples
EV/EBIT 0.0300 MYR 0.0300 MYR 0.0400 MYR 53
EV/EBITDA 0.1100 MYR 0.1400 MYR 0.1700 MYR 54
EV/Revenue 0.0300 MYR 0.0300 MYR 0.0300 MYR 43
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0500 MYR 0.0700 MYR 50
Growth DCF
Growth DCF 0.0800 MYR 0.1100 MYR 0.1500 MYR 80
Rev-Margin DCF 0.0500 MYR 0.0600 MYR 0.0700 MYR 74
Economic Profit
ROIC Compounder 0.0200 MYR 0.0200 MYR 0.0200 MYR 72

Widest divergence: DCF Models (0.1100 MYR) versus Earnings-Based (0.0200 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 416M MYR
Revenue growth (YoY) -0.1%
Net margin -0.3%
Return on equity -0.7%
Free cash flow 33.5M MYR FY2026
Operating margin 1.2%
More key figures
Dividend yield 1.5%
EPS growth (YoY) -27.2%
Net debt 49.2M MYR FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 50

Profitability 18
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 93
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

GDEX Berhad, an investment holding company, provides express delivery and logistics services in Malaysia, Singapore, Vietnam, and Indonesia. It operates through Express Delivery, Logistics, Information Technology, Property Management, and Others segment.

Full company description

GDEX Berhad, an investment holding company, provides express delivery and logistics services in Malaysia, Singapore, Vietnam, and Indonesia. It operates through Express Delivery, Logistics, Information Technology, Property Management, and Others segment. The company offers domestic express delivery services, including next day delivery, same day delivery, cash on delivery, reverse charge, security handling, bulk shipment delivery, delivery order, TAC delivery, and on-board courier services; international express delivery; local land, cross border land, air freight, and sea freight; shipment protection services. It also provides warehousing services; and digital solutions comprising insurance, retail solutions, web solutions, and cyber security solutions. In addition, the company offers web design; e-commerce; website development; business software solutions and other related services; cyber security consulting; trading of computer and information technology; multimedia services; software application; internet; computer networking; and consultancy services. Further, it provides property, facilities, and assets management services, as well as insurance agent services and training, advisory, and payment processing agent services; operates cafe; designs, develops, and supports e-commerce and corporate website solutions; computer programming activities. Additionally, the company engages in intellectual property resources business. The company was formerly known as GD Express Carrier Bhd and changed its name to GDEX Berhad in December 2020. GDEX Berhad was founded in 1997 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

GDEX Berhad, an investment holding company, reported revenue of 416M MYR in FY2026 versus 637M MYR in FY2022, a compound −10.1%/yr. Reported net income was −1.7M MYR in FY2026.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
416M MYR
Latest YoY
−0.7%
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.
+2.8%
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.
+2.7%
Avg. growth/yr (20Y) 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.
+11.7%
Revenue −10.1%/yr
FY22 637M MYR
FY23 383M MYR
FY24 397M MYR
FY25 419M MYR
FY26 416M MYR
Net income
FY22 41.5M MYR
FY23 −15.3M MYR
FY24 −34.8M MYR
FY25 −1.9M MYR
FY26 −1.7M MYR

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Cite: Fair Value Calculator (2026). "GDEX Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0078

Peer Group

Integrated Freight & Logistics · 218 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 59 · Above median
Fair Value upside +60% · Top 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/B 0.47× · Cheaper than 75% of peers
P/S (TTM) 0.44× · Cheaper than median
P/FCF 5.4× · Pricier than median
EV/EBITDA 2.8× · Cheaper than 75% of peers

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 100 · sector 46
FUTURE 0 · sector 8
PAST 0 · sector 26
HEALTH 100 · sector 94
DIVIDEND 29 · sector 56

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is GDEX Berhad, an investment holding company, (0078) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.2080 MYR versus a price of 0.1300 MYR, about +60% (undervalued).
What is the fair value of 0078?
Our model-based fair value for GDEX Berhad, an investment holding company, is 0.2080 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.1300 MYR.
What is the quality score of 0078?
GDEX Berhad, an investment holding company, has a Quality Score of 59/100. 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 GDEX Berhad, an investment holding company, (0078)?
GDEX Berhad, an investment holding company, reported trailing-twelve-month revenue of about 416M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 0078?
The net profit margin of GDEX Berhad, an investment holding company, is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does GDEX Berhad, an investment holding company, pay a dividend?
GDEX Berhad, an investment holding company, currently shows a dividend yield of about 1.54% relative to its recent price (as of Jul 19, 2026).

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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