Aneka Jaringan Holdings Bhd (0226) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Aneka Jaringan Holdings Bhd MYR 0.15, price MYR 0.11, upside +42.9%, quality 56 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 0.1000 MYR – 0.3150 MYR · fair‑value band 0.1100 MYR – 0.1900 MYR · the 0.1050 MYR price screens below the 0.1500 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Aneka Jaringan Holdings Berhad, an investment holding company, engages in the foundation and basement construction businesses primarily in Malaysia and Indonesia.
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Aneka Jaringan Holdings Berhad, an investment holding company, engages in the foundation and basement construction businesses primarily in Malaysia and Indonesia. It also engages in the civil engineering works; rental business of construction machineries and equipment; engineering, procurement, construction and commissioning of solar photovoltaic systems and renewable energy (RE) facilities; and provision of RE and environmental consulting services, and operations and maintenance services, as well as builds, owns, and operates RE facilities. The company was formerly known as Aneka Jaringan Holdings Sdn Bhd. Aneka Jaringan Holdings Berhad was founded in 2001 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
Aneka Jaringan Holdings Bhd (0226) currently trades at 0.1050 MYR, while our model-based Fair Value estimate is 0.1500 MYR, implying the stock looks roughly 30.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 0.5300 MYR per share, and 21 of the 26 models we run sit above the 0.1050 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.0800 MYR, and 5 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1100 MYR (bear) to 0.1900 MYR (bull), the price of 0.1050 MYR sits below 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 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Aneka Jaringan Holdings Bhd reported revenue of 258M MYR in FY2025 versus 122M MYR in FY2021, a compound +20.6%/yr. Reported net income was 5.0M MYR in FY2025.
Key figures
Market cap 72.9M MYR (≈ $17.9M) · P/S ratio 0.25 · Dividend yield 0.8% · Net margin 2.0% · Return on equity 2.2% · Return on assets (EBIT) −2.9% · Operating margin −1.0% · Revenue (TTM) 290M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 43%, 0226 screens cheaper than that median.
Fair Value models
Bear 0.1100 MYRFair Value 0.1500 MYRBull 0.1900 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.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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+22.2%
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.
+15.1%
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.
+13.8%
Start year 2020 (pandemic)
Revenue growth 8 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.
+5.3%
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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.
−26.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.3%
Dividend (yield on the price)0.8%
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.13% → 4%
⚠ Revenue per share shrinking 9.1%/yr over ~6Y (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.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−26.0%
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 −27.4% a year for the price.
Compare Aneka Jaringan Holdings Bhd with another stock
Price, fair value, quality and upside side by side.
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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.Engineering & Construction · 838 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+43% · Above median
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)−1% · Bottom 25%
Growth and dividend
Revenue growth39% · Top 25%
Dividend yield (TTM)0.8% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Aneka Jaringan Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0226
Frequently asked questions
Is Aneka Jaringan Holdings Bhd (0226) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1500 MYR versus a price of 0.1050 MYR, about +43% upside (undervalued).
What is the fair value of 0226?
Our model-based fair value for Aneka Jaringan Holdings Bhd is 0.1500 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.1050 MYR.
What is the quality score of 0226?
Aneka Jaringan Holdings Bhd has a Quality Score of 56/100. 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 Aneka Jaringan Holdings Bhd (0226)?
Our model-based price target is the fair value of 0.1500 MYR (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 0.1100 MYR, optimistic scenario 0.1900 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Aneka Jaringan Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.1500 MYR, about +43% upside versus a price of 0.1050 MYR (undervalued). Cautious scenario 0.1100 MYR, optimistic scenario 0.1900 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Aneka Jaringan Holdings Bhd (0226)?
Aneka Jaringan Holdings Bhd reported trailing-twelve-month revenue of about 290M MYR (latest available figure, as of Sep 24, 2026).
Does Aneka Jaringan Holdings Bhd pay a dividend?
Aneka Jaringan Holdings Bhd currently shows a dividend yield of about 0.79% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Aneka Jaringan Holdings Bhd (0226)?
For today's price to be fair in a discounted-cash-flow model, Aneka Jaringan Holdings Bhd would have to grow free cash flow by -26.0 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0226 use?
Our models discount Aneka Jaringan Holdings Bhd at 9.7 %: a base by market capitalisation (nano), damped by beta 0.50, 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 Aneka Jaringan Holdings Bhd that is -26.0 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Aneka Jaringan Holdings Bhd (0226) delivered so far?
Over the past 5 years revenue at Aneka Jaringan Holdings Bhd grew +13.8 % a year. The price currently implies -26.0 % 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 Aneka Jaringan Holdings Bhd (0226) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Aneka Jaringan Holdings Bhd (-26.0 % 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 Aneka Jaringan Holdings Bhd (0226)?
The free-cash-flow yield on the price is 42.06 %: that much free cash flow Aneka Jaringan Holdings Bhd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Aneka Jaringan Holdings Bhd (0226)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aneka Jaringan Holdings Bhd it is 0.1500 MYR per share (as of Sep 24, 2026), against a price of 0.1050 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Aneka Jaringan Holdings Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0226 trades below its calculated fair value: price 0.1050 MYR, fair value 0.1500 MYR, a gap of about +43% (undervalued). 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 0226?
No. The price is what the market pays today (0.1050 MYR); the fair value is what the company's own numbers justify (0.1500 MYR). For Aneka Jaringan Holdings Bhd the two are 0.0450 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Aneka Jaringan Holdings Bhd worth?
The market values Aneka Jaringan Holdings Bhd at about 72.9M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 0.1050 MYR; our models calculate a fair value of 0.1500 MYR per share.
What do the bullish and bearish scenarios say about 0226?
Our models span a range for Aneka Jaringan Holdings Bhd: cautious scenario 0.1100 MYR, base 0.1500 MYR, optimistic 0.1900 MYR per share (as of Sep 24, 2026, price 0.1050 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Aneka Jaringan Holdings Bhd (0226)?
Balance-sheet figures for Aneka Jaringan Holdings Bhd (as of Sep 24, 2026): return on equity 2.2%, debt of 0.03 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 0226 from its 52-week high?
Aneka Jaringan Holdings Bhd trades at 0.1050 MYR, about 32% below its 52-week high of 0.1550 MYR and 5% above the low of 0.1000 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1500 MYR is for.
Which stocks are comparable to Aneka Jaringan Holdings Bhd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Aneka Jaringan Holdings Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 0.1050 MYR, calculated fair value 0.1500 MYR (+43%), Quality Score 56/100, 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 0226 calculated?
We run Aneka Jaringan Holdings 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 0.1500 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 13.2 % above its aggregate fair value. Aneka Jaringan Holdings Bhd currently trades 43 % below its own fair value, and the market average says nothing about that. 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 Aneka Jaringan Holdings Bhd (0226)?
The closing price on Sep 24, 2026 was 0.1050 MYR. Our model-based fair value is 0.1500 MYR, about +43% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aneka Jaringan Holdings Bhd right now?
The price is below even our cautious bear case (0.1100 MYR). The market is more pessimistic than our downside scenario. 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 quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Aneka Jaringan Holdings Bhd
How large is the market capitalisation of Aneka Jaringan Holdings Bhd (0226)?
The market capitalisation of Aneka Jaringan Holdings Bhd is 72.9M MYR (≈ $17.9M). 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 Aneka Jaringan Holdings Bhd (0226)?
The price-to-sales ratio of Aneka Jaringan Holdings Bhd is 0.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Aneka Jaringan Holdings Bhd (0226)?
The dividend yield of Aneka Jaringan Holdings Bhd is 0.8%. 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 Aneka Jaringan Holdings Bhd (0226)?
The net margin of Aneka Jaringan Holdings Bhd is 2.0% (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 Aneka Jaringan Holdings Bhd (0226)?
The return on equity (ROE) of Aneka Jaringan Holdings Bhd is 2.2% (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 Aneka Jaringan Holdings Bhd (0226)?
On an EBIT basis the return on assets of Aneka Jaringan Holdings Bhd is −2.9% (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 Aneka Jaringan Holdings Bhd (0226)?
The operating margin of Aneka Jaringan Holdings Bhd is −1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aneka Jaringan Holdings Bhd (0226)?
Revenue at Aneka Jaringan Holdings Bhd is growing +38.5% versus a year earlier (3y avg +15.1%). 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 Aneka Jaringan Holdings Bhd (0226)?
Earnings per share at Aneka Jaringan Holdings Bhd are growing +26.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Aneka Jaringan Holdings Bhd (0226) carry?
The net debt of Aneka Jaringan Holdings Bhd is 15.2M MYR (fiscal year 2025, ≈ 0.5 yrs of FCF). 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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