JF Technology BHD (0146) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of JF Technology BHD MYR 0.20, price MYR 0.69, upside -71.0%, quality 67 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 0.3667 MYR – 1.52 MYR · fair‑value band 0.1800 MYR – 0.2200 MYR · the 0.6900 MYR price screens above the 0.2000 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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JF Technology Berhad, an investment holding company, manufactures and trades in electronic products, components, test probes, and probe cards in Malaysia, China, Singapore, the United States, the Philippines, and internationally.
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JF Technology Berhad, an investment holding company, manufactures and trades in electronic products, components, test probes, and probe cards in Malaysia, China, Singapore, the United States, the Philippines, and internationally. The company designs, develops, manufactures, and sells integrated circuit test sockets, interconnects, test solutions, and equipment for semiconductor, and electronic assembly markets. It also provides test development engineering services; and develops and sells test interface solutions. In addition, the company offers RF and precision analog; and gamma, alpha, thor, and phantom automotive/high power products; customized test solutions; and manual actuators. Further, it provides talent development services, and design, manufacture, sale of technical support for integrated circuits test contacting solutions. The company's products are used in applications, including RF/mmWave, automotive, precision analog, high power, and power module/IGBT, as well as smartphones, consumer wearable electronics, medical appliances, solid-state storage, military, and the internet of things. JF Technology Berhad was founded in 1999 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
JF Technology BHD (0146) currently trades at 0.6900 MYR, while our model-based Fair Value estimate is 0.2000 MYR, implying the stock looks roughly 244.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.1500 MYR per share, and 0 of the 26 models we run sit above the 0.6900 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0400 MYR, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1800 MYR (bear) to 0.2200 MYR (bull), the price of 0.6900 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 67/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
JF Technology BHD reported revenue of 44.8M MYR in FY2025 versus 38.3M MYR in FY2021, a compound +4.0%/yr. Reported net income was 3.6M MYR in FY2025, compounding −30.4%/yr from FY2021.
Key figures
Market cap 640M MYR (≈ $157M) · P/E ratio 69.0 · P/S ratio 5.47 · EPS (TTM) 0.0100 MYR · Dividend yield 0.7% · Net margin 7.9% · Return on equity 6.7% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 61% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at −71%, 0146 screens richer than that median.
Fair Value models
Bear 0.1800 MYRFair Value 0.2000 MYRBull 0.2200 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 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.88/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.7%
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.
−0.4%
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.
+10.8%
Start year 2020 (pandemic). Over 10 years: +9.9% a year
Revenue growth 17 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.
+12.5%
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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.
−16.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.7%
Dividend (yield on the price)0.7%
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.−17% vs 12%, slowing
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.30% → 4%
Start year 2020 (pandemic)
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).
+57.5%
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 +54.4% a year for the price.
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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.Semiconductor Equipment & Materials · 219 stocks
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Cite: Fair Value Calculator (2026). "JF Technology BHD Fair Value". https://www.fairvalue-calculator.com/stock/0146
Frequently asked questions
Is JF Technology BHD (0146) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.2000 MYR versus a price of 0.6900 MYR, about −71% upside (overvalued).
What is the fair value of 0146?
Our model-based fair value for JF Technology BHD is 0.2000 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.6900 MYR.
What is the quality score of 0146?
JF Technology BHD has a Quality Score of 67/100. 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 JF Technology BHD (0146)?
Our model-based price target is the fair value of 0.2000 MYR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 0.1800 MYR, optimistic scenario 0.2200 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the JF Technology BHD stock forecast for 2026?
Our models put fair value at 0.2000 MYR, about −71% upside versus a price of 0.6900 MYR (overvalued). Cautious scenario 0.1800 MYR, optimistic scenario 0.2200 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of JF Technology BHD (0146)?
JF Technology BHD reported trailing-twelve-month revenue of about 72.1M MYR (latest available figure, as of Sep 24, 2026).
Does JF Technology BHD pay a dividend?
JF Technology BHD currently shows a dividend yield of about 0.72% relative to its recent price (as of Sep 24, 2026).
What growth is priced into JF Technology BHD (0146)?
For today's price to be fair in a discounted-cash-flow model, JF Technology BHD would have to grow free cash flow by +57.5 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0146 use?
Our models discount JF Technology BHD at 14.1 %: a base by market capitalisation (micro), damped by beta 1.01, 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 JF Technology BHD that is +57.5 % per year a year over ten years, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has JF Technology BHD (0146) delivered so far?
Over the past 5 years revenue at JF Technology BHD grew +10.8 % a year. The price currently implies +57.5 % 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 JF Technology BHD (0146) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into JF Technology BHD (+57.5 % 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 JF Technology BHD (0146)?
The free-cash-flow yield on the price is 0.79 %: that much free cash flow JF Technology BHD produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JF Technology BHD (0146)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JF Technology BHD it is 0.2000 MYR per share (as of Sep 24, 2026), against a price of 0.6900 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is JF Technology BHD stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0146 trades above its calculated fair value: price 0.6900 MYR, fair value 0.2000 MYR, a gap of about −71% (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 0146?
No. The price is what the market pays today (0.6900 MYR); the fair value is what the company's own numbers justify (0.2000 MYR). For JF Technology BHD the two are 0.4900 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is JF Technology BHD worth?
The market values JF Technology BHD at about 640M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.6900 MYR; our models calculate a fair value of 0.2000 MYR per share.
What do the bullish and bearish scenarios say about 0146?
Our models span a range for JF Technology BHD: cautious scenario 0.1800 MYR, base 0.2000 MYR, optimistic 0.2200 MYR per share (as of Sep 24, 2026, price 0.6900 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0146?
JF Technology BHD trades at a price-to-earnings ratio of 69.0 (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 0.2000 MYR is built from several models across several years. Other multiples: P/B 1.2, P/S 2.2, EV/EBITDA 6.4.
How solid is the balance sheet of JF Technology BHD (0146)?
Balance-sheet figures for JF Technology BHD (as of Sep 24, 2026): return on equity 6.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 0146 from its 52-week high?
JF Technology BHD trades at 0.6900 MYR, about 9% below its 52-week high of 0.7600 MYR and 61% above the low of 0.4283 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2000 MYR is for.
Which stocks are comparable to JF Technology BHD?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 JF Technology BHD stock attractive at the current price?
The data as of Sep 24, 2026: price 0.6900 MYR, calculated fair value 0.2000 MYR (−71%), Quality Score 67/100, from 26 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 0146 calculated?
We run JF Technology BHD through 26 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 0.2000 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. JF Technology 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 JF Technology BHD (0146)?
The closing price on Sep 24, 2026 was 0.6900 MYR. Our model-based fair value is 0.2000 MYR, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JF Technology BHD right now?
The price sits above even our optimistic bull case (0.2200 MYR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of JF Technology BHD (0146) come from?
Earnings per share at JF Technology BHD grew +15.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.7 %, EBIT margin +2.2 %, tax rate +0.1 %, residual (interest, one-offs) +2.3 %. 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 JF Technology BHD
How large is the market capitalisation of JF Technology BHD (0146)?
The market capitalisation of JF Technology BHD is 640M MYR (≈ $157M). 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 JF Technology BHD (0146)?
The price-to-sales ratio of JF Technology BHD is 5.47 (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 JF Technology BHD (0146)?
Earnings per share at JF Technology BHD are 0.0100 MYR (price ÷ EPS = P/E 69.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JF Technology BHD (0146)?
The dividend yield of JF Technology BHD is 0.7% (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 JF Technology BHD (0146)?
The net margin of JF Technology BHD is 7.9% (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 JF Technology BHD (0146)?
The return on equity (ROE) of JF Technology BHD is 6.7% (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 JF Technology BHD (0146)?
On an EBIT basis the return on assets of JF Technology BHD is 7.2% (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 JF Technology BHD (0146)?
The operating margin of JF Technology BHD is 18.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JF Technology BHD (0146)?
Revenue at JF Technology BHD is growing +120% versus a year earlier (3y avg −0.4%). 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 JF Technology BHD (0146)?
Earnings per share at JF Technology BHD are growing +230% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does JF Technology BHD (0146) hold?
JF Technology BHD holds more cash than debt, 56.9M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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