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JF Technology Berhad, an investment holding company, (0146) Fair Value & Analysis

Technology · MY · Market cap 604M MYR

JT JF Technology Berhad, an investment holding company, 0146 · KLSE
Price0.7250 MYR
Fair Value0.0700 MYR
Upside-90.3%
Quality67/100
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Healthy Growth
Solidly profitable · 11.3% net margin
Low debt · generates free cash flow
0.80% dividend yield
Ranks above peers (9/14)
Moderate moat 48/100
Evidence: High Range 0.0600 MYR – 0.0900 MYR Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 27 days ago

Share price +16.0% over the past month.

A solid business, but screening 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.0900 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1.52 MYR 0.3667 MYR Fair Value 0.0700 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range 0.3667 MYR – 1.52 MYR · fair‑value band 0.0600 MYR – 0.0900 MYR · the 0.7250 MYR price screens above the 0.0700 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

JF Technology Berhad, an investment holding company, (0146) currently trades at 0.7250 MYR, while our model-based Fair Value estimate is 0.0700 MYR, implying the stock looks roughly 90.3% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, JF Technology Berhad, an investment holding company, generated revenue of 72.1M MYR at a net margin of 11.3%. Revenue grew 119.8% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of 56.9M MYR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 0.0600 MYR (bear case) to 0.0900 MYR (bull case); at 0.7250 MYR, the current price sits above 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 near its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -90%, 0146 screens richer 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 0.1200 MYR 0.1500 MYR 0.1900 MYR 80
Residual Income 0.0900 MYR 0.0900 MYR 0.0700 MYR 76
Rev-Margin DCF 0.0900 MYR 0.1100 MYR 0.1200 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.1200 MYR 0.1500 MYR 0.2000 MYR 38
Owner Earnings 0.1600 MYR 0.2200 MYR 0.3100 MYR 31
5Y Revenue Exit 0.0900 MYR 0.1100 MYR 0.1200 MYR 39
5Y EBITDA Exit 0.1200 MYR 0.1700 MYR 0.2300 MYR 41
5Y P/E Exit 0.1100 MYR 0.1500 MYR 0.1900 MYR 38
10Y Revenue Exit 0.1000 MYR 0.1200 MYR 0.1400 MYR 36
10Y EBITDA Exit 0.1200 MYR 0.1600 MYR 0.2200 MYR 37
10Y P/E Exit 0.1100 MYR 0.1400 MYR 0.1900 MYR 35
Earnings-Based
Graham-Dodd 0.0300 MYR 0.1100 MYR 0.1500 MYR 54
Lynch FV 0.0300 MYR 0.0400 MYR 0.0500 MYR 50
PEG = 1.0 0.0300 MYR 0.0400 MYR 0.0500 MYR 46
EPV 0.0700 MYR 0.0700 MYR 0.0800 MYR 59
Dividend Discount
Gordon GGM 0.0400 MYR 0.0700 MYR 0.0900 MYR 70
DDM Multi-Stage 0.0400 MYR 0.0600 MYR 0.0700 MYR 61
Multiples
P/E Multiple 0.0600 MYR 0.0700 MYR 0.0900 MYR 63
P/S Multiple 0.0500 MYR 0.0600 MYR 0.0800 MYR 58
P/B Multiple 0.0500 MYR 0.0600 MYR 0.0800 MYR 55
EV/EBIT 0.0900 MYR 0.0900 MYR 0.1000 MYR 53
EV/EBITDA 0.1400 MYR 0.1600 MYR 0.1900 MYR 54
EV/Revenue 0.0800 MYR 0.0900 MYR 0.0900 MYR 43
Asset-Based
NCAV (Graham) 0.0700 MYR 0.0900 MYR 0.1400 MYR 50
Growth DCF
Growth DCF 0.1200 MYR 0.1500 MYR 0.1900 MYR 80
Rev-Margin DCF 0.0900 MYR 0.1100 MYR 0.1200 MYR 74
Economic Profit
Residual Income 0.0900 MYR 0.0900 MYR 0.0700 MYR 76
ROIC Compounder 0.0700 MYR 0.0700 MYR 0.0800 MYR 72
Growth Earnings
Growth-Adj P/E 0.0500 MYR 0.0600 MYR 0.0800 MYR 68

Widest divergence: DCF Models (0.1500 MYR) versus Earnings-Based (0.0400 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 72.1M MYR
Revenue growth (YoY) +120%
Net margin 11.3%
Return on equity 6.7%
Free cash flow 5.1M MYR FY2025
P/E ratio 62.5
More key figures
Operating margin 18.5%
EPS (TTM) 0.0100 MYR
Dividend yield 0.8%
EPS growth (YoY) +230%
Net cash 56.9M MYR FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 65 · Market factors (momentum, volatility) 78

Profitability 27
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 90
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JF Technology Berhad, an investment holding company, 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.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
44.8M MYR
Latest YoY
+7.7%
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.
−0.4%
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.
+10.8%
Avg. growth/yr (17Y) 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.
+12.5%
Revenue +4.0%/yr
FY21 38.3M MYR
FY22 45.3M MYR
FY23 45.3M MYR
FY24 41.6M MYR
FY25 44.8M MYR
Net income −30.4%/yr
FY21 15.2M MYR
FY22 17.2M MYR
FY23 12.2M MYR
FY24 5.8M MYR
FY25 3.6M MYR
Character of growth · EPS growth decomposed (2014-2025) +15.9 % p.a.
Revenue per share +10.7 pp

of which total revenue +11.9 pp · buybacks/dilution −1.2 pp

EBIT margin +2.2 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +2.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

0146 screens 90% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "JF Technology Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0146

Peer Group

Semiconductor Equipment & Materials · 213 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 67 · Top 25%
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 4% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 19% · Above median
Revenue growth 120% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 62.5× · Pricier than median
P/B 1.12× · Cheaper than median
P/S (TTM) 2.05× · Cheaper than median
P/FCF 29.2× · Pricier than median
EV/EBITDA 5.8× · 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 0 · sector 0
FUTURE 100 · sector 59
PAST 27 · sector 31
HEALTH 100 · sector 96
DIVIDEND 16 · sector 16

VALUE 0: the price sits above our fair-value range.

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is JF Technology Berhad, an investment holding company, (0146) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 0.0700 MYR versus a price of 0.7250 MYR, about −90% (overvalued).
What is the fair value of 0146?
Our model-based fair value for JF Technology Berhad, an investment holding company, is 0.0700 MYR (as of Jul 14, 2026), built from audited fundamentals. The current price is 0.7250 MYR.
What is the quality score of 0146?
JF Technology Berhad, an investment holding company, 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 revenue of JF Technology Berhad, an investment holding company, (0146)?
JF Technology Berhad, an investment holding company, reported trailing-twelve-month revenue of about 72.1M MYR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 0146?
The net profit margin of JF Technology Berhad, an investment holding company, is about 11.3%, meaning it keeps roughly 11.3% of revenue as net income. Based on the latest reported figures.
Does JF Technology Berhad, an investment holding company, pay a dividend?
JF Technology Berhad, an investment holding company, currently shows a dividend yield of about 0.85% relative to its recent price (as of Jul 14, 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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