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Key ASIC Berhad (0143) Fair Value & Analysis

Technology · MY · Market cap 42.1M MYR

KA Key ASIC Berhad 0143 · KLSE
Price0.0350 MYR
Fair Value0.0400 MYR
Upside+14.3%
Quality44/100
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Expensive Growth
Loss-making · -19.4% net margin
negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 8/100
Evidence: Low Range 0.0300 MYR – 0.0500 MYR Share as image

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 47 days ago

Share price +16.7% over the past month.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • Our model range runs from 0.0300 MYR (bear) to 0.0500 MYR (bull), base 0.0400 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 44/100 (below-average quality) with low evidence: read the verdict with care.
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Price vs Fair Value (5 years)

0.2100 MYR 0.0250 MYR Fair Value 0.0400 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

60‑month range 0.0250 MYR – 0.2100 MYR · fair‑value band 0.0300 MYR – 0.0500 MYR · the 0.0350 MYR price screens below the 0.0400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

Key ASIC Berhad (0143) currently trades at 0.0350 MYR, while our model-based Fair Value estimate is 0.0400 MYR, implying the stock looks roughly 14.3% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Technology 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: low), always confirm before acting.

Over the trailing twelve months, Key ASIC Berhad generated revenue of 19.9M MYR at a net margin of -19.4%. Revenue grew 49.1% year over year. It earns a return on equity of -24.0%. Fundamentals as of Jun 24, 2026

Our scenario range runs from 0.0300 MYR (bear case) to 0.0500 MYR (bull case); at 0.0350 MYR, the current price sits within 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 22% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 14%, 0143 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
NCAV (Graham) 0.0100 MYR 0.0100 MYR 0.0100 MYR 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.0100 MYR 0.0100 MYR 0.0100 MYR 50

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Key figures & financial health

Revenue (TTM) 19.9M MYR
Revenue growth (YoY) +49.1%
Net margin -19.4%
Return on equity -24.0%
Free cash flow −8.4M MYR FY2025
Operating margin -17.5%

Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 47 · Market factors (momentum, volatility) 50

Profitability 15
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 77
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

Key ASIC Berhad provides application-specific integrated circuit design services in Malaysia, Taiwan, and internationally. The company operates through two segments, Non-Recurring Engineering Services and Recurring Engineering Services.

Full company description

Key ASIC Berhad provides application-specific integrated circuit design services in Malaysia, Taiwan, and internationally. The company operates through two segments, Non-Recurring Engineering Services and Recurring Engineering Services. It offers data processing, data management, disk-based back-up solutions, telecommunications, office automation, network infrastructure, and intelligent storage networking support services. The company's products and services include Mcard, a standard form factor SD card; Mdrive, a NAND flash storage cards with Wi-Fi connectivity and USB interface; Ramon Y Cajal, a personal mobile EMR; iMedic, a digital hospital platform; KeyPATH, an artificial intelligence pathologist designed for recognition of cancer cells. It also offers digital city IoT and Al enablers; digital home IoT enablers; system-on-chip solutions; development kits, and intellectual property solutions. In addition, the company provides manufacturing services to fabless design companies; and design for manufacturing and test consultation services, as well as sells chips. Further, it offers designing services in relation to the electronic components of integrated circuits, semiconductors, and related parts. Additionally, the company provides chipset and board solutions. The company serves healthcare and wellness, consumer electronics, automotive, industrial equipment, and other industries. Key ASIC Berhad was incorporated in 2005 and is headquartered in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Key ASIC Berhad reported revenue of 14.9M MYR in FY2025 versus 13.9M MYR in FY2021, a compound +1.9%/yr. Reported net income was −6.8M MYR in FY2025.

Growth Quality 12/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
14.9M MYR
Latest YoY
−34.8%
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.
+3.2%
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.
+5.7%
Avg. growth/yr (8Y) 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.
−6.1%
Revenue +1.9%/yr
FY21 13.9M MYR
FY22 13.6M MYR
FY23 20.8M MYR
FY24 22.9M MYR
FY25 14.9M MYR
Net income
FY21 −8.0M MYR
FY22 −8.6M MYR
FY23 −5.4M MYR
FY24 −10.8M MYR
FY25 −6.8M MYR

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Cite: Fair Value Calculator (2026). "Key ASIC Berhad Fair Value". https://www.fairvalue-calculator.com/stock/0143

Peer Group

Semiconductors · 318 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 47 · Below median
Fair Value upside +14% · Top 25%
Return on assets -9% · Bottom 25%
Net margin (TTM) -19% · Bottom 25%
Operating margin (TTM) -18% · Bottom 25%
Revenue growth 49% · Top 25%

Valuation Multiples vs Semiconductors median · lower = cheaper

P/B 0.58× · Cheaper than 75% of peers
P/S (TTM) 0.52× · 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 52 · sector 0
FUTURE 100 · sector 60
PAST 0 · sector 25
HEALTH 0 · sector 97
DIVIDEND 0 · sector 22

Insider activity: 45/100

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 Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Key ASIC Berhad (0143) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of 0.0400 MYR versus a price of 0.0350 MYR, about +14% (undervalued).
What is the fair value of 0143?
Our model-based fair value for Key ASIC Berhad is 0.0400 MYR (as of Jun 24, 2026), built from audited fundamentals. The current price is 0.0350 MYR.
What is the quality score of 0143?
Key ASIC Berhad has a Quality Score of 44/100. 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 Key ASIC Berhad (0143)?
Key ASIC Berhad reported trailing-twelve-month revenue of about 19.9M MYR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 0143?
The net profit margin of Key ASIC Berhad is about -19.4%, 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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