Aemulus Holdings Bhd (0181) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aemulus Holdings Bhd stock MYR 0.17, price MYR 0.40, that is 57.0% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 0.1200 MYR – 1.25 MYR · fair‑value band 0.1300 MYR – 0.2100 MYR · the 0.3950 MYR price screens above the 0.1700 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Aemulus Holdings Berhad, an investment holding company, designs and develops automated test equipment, and test and measurement instruments in Malaysia, China, Singapore, Vietnam, Korea, the United States, Taiwan, and internationally.
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It offers include Amoeba 7600-SR, Amoeba5600, Amoeba 4200, and Amoeba 1831 equipment. The company also provides design consultancy and test-related services.
In addition, it engages in the research and development of semiconductor automated test equipment and related software with focus on radio frequency frontend, analogue, digital, mixed signal, and power discrete semiconductor test market.
Aemulus Holdings Berhad was founded in 2004 and is based in Bayan Lepas, Malaysia.
Stock analysis
Aemulus Holdings Bhd (0181) currently trades at 0.3950 MYR, while our model-based Fair Value estimate is 0.1700 MYR, 57% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.2300 MYR per share, and 0 of the 14 models we run sit above the 0.3950 MYR price.
Bear case: the Asset-Based group reads lowest at 0.0800 MYR, and 14 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1300 MYR (bear) to 0.2100 MYR (bull), the price of 0.3950 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 52/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Aemulus Holdings Bhd reported revenue of 83.1M MYR in FY2025 versus 61.1M MYR in FY2021, a compound +8.0%/yr. Reported net income was 4.0M MYR in FY2025, compounding −21.2%/yr from FY2021.
Key figures
Market cap 266M MYR (≈ $65.5M) Micro · P/E ratio 39.5 · P/S ratio 1.92 · EPS (TTM) 0.0100 MYR · Net margin 4.9% · Return on equity 0.5% · Return on assets (EBIT) −4.0% (5-year average) · Operating margin 6.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 229% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −57%, 0181 screens richer than that median.
Fair Value models
Bear0.1300 MYRFair Value 0.1700 MYRBull0.2100 MYR
Price 0.3950 MYR · Downside -57.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.0100 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+103.1%
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.
+4.4%
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.
+33.9%
Start year 2020 (pandemic). Over 10 years: +9.8% a year
Revenue growth 10 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%
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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.
−19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.0%
Dividend (yield on the price)0.0%
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.−19.0% vs −11.5%, 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.−15% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.2%/yr over ~8Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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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 · 235 stocks
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). "Aemulus Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0181
Frequently asked questions
Is Aemulus Holdings Bhd (0181) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 0.1700 MYR versus a price of 0.3950 MYR, about 57% lower (overvalued).
What is the fair value of 0181?
Our model-based fair value for Aemulus Holdings Bhd is 0.1700 MYR (as of Nov 8, 2026), built from audited fundamentals. The current price: 0.3950 MYR.
What is the quality score of 0181?
Aemulus Holdings Bhd has a Quality Score of 52/100. 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 Aemulus Holdings Bhd (0181)?
Our model-based price target is the fair value of 0.1700 MYR (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 0.1300 MYR, optimistic scenario 0.2100 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Aemulus Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.1700 MYR, about 57% lower versus a price of 0.3950 MYR (overvalued). Cautious scenario 0.1300 MYR, optimistic scenario 0.2100 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Aemulus Holdings Bhd (0181)?
Aemulus Holdings Bhd reported trailing-twelve-month revenue of about 97.2M MYR (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Aemulus Holdings Bhd (0181)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aemulus Holdings Bhd it is 0.1700 MYR per share (as of Nov 8, 2026), against a price of 0.3950 MYR. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Aemulus Holdings Bhd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 0181 trades above its calculated fair value: price 0.3950 MYR, fair value 0.1700 MYR, a gap of about −57% (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 0181?
No. The price is what the market pays today (0.3950 MYR); the fair value is what the company's own numbers justify (0.1700 MYR). For Aemulus Holdings Bhd the two are 0.2250 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Aemulus Holdings Bhd worth?
The market values Aemulus Holdings Bhd at about 266M MYR (market capitalisation, as of Nov 8, 2026). Per share that is 0.3950 MYR; our models calculate a fair value of 0.1700 MYR per share.
What do the bullish and bearish scenarios say about 0181?
Our models span a range for Aemulus Holdings Bhd: cautious scenario 0.1300 MYR, base 0.1700 MYR, optimistic 0.2100 MYR per share (as of Nov 8, 2026, price 0.3950 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0181?
Aemulus Holdings Bhd trades at a price-to-earnings ratio of 39.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.1700 MYR is built from several models across several years. Other multiples: P/B 0.6, P/S 0.7, EV/EBITDA 7.5.
How solid is the balance sheet of Aemulus Holdings Bhd (0181)?
Balance-sheet figures for Aemulus Holdings Bhd (as of Nov 8, 2026): return on equity 0.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 0181 from its 52-week high?
Aemulus Holdings Bhd trades at 0.3950 MYR, about 18% below its 52-week high of 0.4800 MYR and 229% above the low of 0.1200 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1700 MYR is for.
Which stocks are comparable to Aemulus Holdings Bhd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, 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 Aemulus Holdings Bhd stock attractive at the current price?
The data as of Nov 8, 2026: price 0.3950 MYR, calculated fair value 0.1700 MYR (−57%), Quality Score 52/100, from 14 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 0181 calculated?
We run Aemulus Holdings Bhd through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.1700 MYR builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Aemulus Holdings 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 Aemulus Holdings Bhd (0181)?
The closing price on Nov 6, 2026 was 0.3950 MYR. Our model-based fair value is 0.1700 MYR, about 57% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aemulus Holdings Bhd right now?
The price sits above even our optimistic bull case (0.2100 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 (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Aemulus Holdings Bhd
How large is the market capitalisation of Aemulus Holdings Bhd (0181)?
The market capitalisation of Aemulus Holdings Bhd is 266M MYR (≈ $65.5M). 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 Aemulus Holdings Bhd (0181)?
The price-to-sales ratio of Aemulus Holdings Bhd is 1.92 (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 Aemulus Holdings Bhd (0181)?
Earnings per share at Aemulus Holdings Bhd are 0.0100 MYR (price ÷ EPS = P/E 39.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aemulus Holdings Bhd (0181)?
The net margin of Aemulus Holdings Bhd is 4.9% (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 Aemulus Holdings Bhd (0181)?
The return on equity (ROE) of Aemulus Holdings Bhd is 0.5% (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 Aemulus Holdings Bhd (0181)?
On an EBIT basis the return on assets of Aemulus Holdings Bhd is −4.0% (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 Aemulus Holdings Bhd (0181)?
The operating margin of Aemulus Holdings Bhd is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aemulus Holdings Bhd (0181)?
Revenue at Aemulus Holdings Bhd is growing +42.8% versus a year earlier (3y avg +4.4%). 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 Aemulus Holdings Bhd (0181)?
Earnings per share at Aemulus Holdings Bhd are growing +20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aemulus Holdings Bhd (0181) generate?
The free cash flow of Aemulus Holdings Bhd is −36.6M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Aemulus Holdings Bhd (0181) carry?
The net debt of Aemulus Holdings Bhd is 70.4M MYR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026