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Ramssol Group (0236) Fair Value & Analysis

Technology · MY · Market cap 305M MYR

RG Ramssol Group 0236 · KLSE
Price0.7700 MYR
Fair Value0.7650 MYR
Upside-0.7%
Quality45/100
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Expensive Growth
Highly profitable · 23.1% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 77/100
Evidence: High Range 0.4335 MYR – 0.9605 MYR Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 27 days ago

Share price +2.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (0.4335 MYR to 0.9605 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.06 MYR 0.2840 MYR Fair Value 0.7650 MYR Jul 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 0.2840 MYR – 1.06 MYR · fair‑value band 0.4335 MYR – 0.9605 MYR · the 0.7700 MYR price screens above the 0.7650 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

Ramssol Group (0236) currently trades at 0.7700 MYR, while our model-based Fair Value estimate is 0.7650 MYR, implying the stock looks roughly 0.7% fairly valued today. The Quality Score stands at 45/100 (below-average 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, Ramssol Group generated revenue of 79.7M MYR at a net margin of 23.1%. Revenue grew 22.6% year over year. It earns a return on equity of 14.2%. Net debt stands at 3.4M MYR. Fundamentals as of Jul 14, 2026

Our scenario range runs from 0.4335 MYR (bear case) to 0.9605 MYR (bull case); at 0.7700 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 29% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -1%, 0236 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
Growth DCF 0.2000 MYR 0.3000 MYR 0.4500 MYR 80
Residual Income 0.3300 MYR 0.3800 MYR 0.8000 MYR 76
Rev-Margin DCF 0.3900 MYR 0.7000 MYR 1.34 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.2100 MYR 0.2800 MYR 0.4700 MYR 38
Owner Earnings 0.5900 MYR 1.15 MYR 2.18 MYR 31
5Y Revenue Exit 0.3600 MYR 0.6300 MYR 1.18 MYR 39
5Y EBITDA Exit 0.5800 MYR 1.07 MYR 2.03 MYR 41
5Y P/E Exit 0.6100 MYR 1.40 MYR 2.50 MYR 38
10Y Revenue Exit 0.3000 MYR 0.6700 MYR 0.9400 MYR 36
10Y EBITDA Exit 0.4600 MYR 1.11 MYR 2.28 MYR 37
10Y P/E Exit 0.4800 MYR 1.16 MYR 2.31 MYR 35
Earnings-Based
Graham-Dodd 0.3300 MYR 2.27 MYR 3.18 MYR 54
Lynch FV 1.07 MYR 1.53 MYR 1.99 MYR 50
PEG = 1.0 1.07 MYR 1.53 MYR 1.99 MYR 46
EPV 0.5500 MYR 0.6200 MYR 0.6700 MYR 59
Dividend Discount
Gordon GGM 0.0200 MYR 0.0300 MYR 0.0500 MYR 70
DDM Multi-Stage 0.0200 MYR 0.0300 MYR 0.0400 MYR 61
Multiples
P/E Multiple 0.7200 MYR 0.9600 MYR 1.20 MYR 63
P/S Multiple 0.3600 MYR 0.4800 MYR 0.6000 MYR 58
P/B Multiple 0.6100 MYR 0.8100 MYR 1.02 MYR 55
EV/EBIT 0.9700 MYR 1.27 MYR 1.57 MYR 53
EV/EBITDA 0.7500 MYR 0.9800 MYR 1.20 MYR 54
EV/Revenue 0.4100 MYR 0.5500 MYR 0.6900 MYR 43
Asset-Based
NCAV (Graham) 0.1800 MYR 0.2500 MYR 0.3700 MYR 50
Growth DCF
Growth DCF 0.2000 MYR 0.3000 MYR 0.4500 MYR 80
Rev-Margin DCF 0.3900 MYR 0.7000 MYR 1.34 MYR 74
Economic Profit
Residual Income 0.3300 MYR 0.3800 MYR 0.8000 MYR 76
ROIC Compounder 0.6800 MYR 0.9700 MYR 1.13 MYR 72
Growth Earnings
Growth-Adj P/E 1.40 MYR 2.00 MYR 2.60 MYR 68

Widest divergence: Growth Earnings (2.00 MYR) versus Dividend Discount (0.0300 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 79.7M MYR
Revenue growth (YoY) +22.6%
Net margin 23.1%
Return on equity 14.2%
Free cash flow 4.2M MYR FY2025
P/E ratio 15.1
More key figures
Operating margin 38.9%
EPS (TTM) 0.0500 MYR
EPS growth (YoY) +35.9%
Net debt 3.4M MYR FY2024

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 43

Profitability 56
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 0
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

Ramssol Group Berhad, an investment holding company, provides digital and technology solutions in Malaysia, Singapore, Thailand, Indonesia, the Philippines, and Vietnam.

Full company description

Ramssol Group Berhad, an investment holding company, provides digital and technology solutions in Malaysia, Singapore, Thailand, Indonesia, the Philippines, and Vietnam. The company distributes, resells, implements, and supports business digitalization and automation solutions across human capital management and learning platforms, including Oracle, Darwinbox, Ramco Systems, Hono.ai, ZingHR and Disprz; and offers software and training solutions focused on enforcement and compliance-related education, such as programmes on corporate liability, governance, and anti-corruption. It also provides RiderGate, a digital marketplace that facilitates the trading of used motorcycles for individuals and dealers; Earned Wage Access, which enables early access to earned wages and other employee financing solutions; AI-powered software solutions, such as experience design, devOps outsourcing, cloud engineering and strategic consulting; and develops integrated marketing solutions comprising event management, custom publishing, and branding strategies. In addition, the company offers advisory and HCM solutions; custom software development across web, mobile, and Internet of Things applications; digital multimedia and marketing technology solutions; and automotive technology platform. Further, it provides management consulting services for enterprises; other information technology services; computer programming; education information technology program and applications, internet of things, user interface, and user experience; design and support, knowledge process outsourcing, and conducting courses and seminars; advertising and creative solution agency, consultant, designers, illustrators of publicity; multimedia services, including of animation video, digital media creation, and processing an editing; and research and development on information communication technology. Ramssol Group Berhad was incorporated in 2010 and is headquartered in Cyberjaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ramssol Group reported revenue of 77.6M MYR in FY2025 versus 52.5M MYR in FY2021, a compound +10.3%/yr. Reported net income was 19.3M MYR in FY2025, compounding +30.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
77.6M MYR
Latest YoY
+23.6%
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.
+40.7%
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.
+25.1%
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.
+35.6%
Revenue +10.3%/yr
FY21 52.5M MYR
FY22 27.9M MYR
FY23 30.4M MYR
FY24 62.8M MYR
FY25 77.6M MYR
Net income +30.0%/yr
FY21 6.8M MYR
FY22 3.8M MYR
FY23 6.3M MYR
FY24 13.6M MYR
FY25 19.3M MYR

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Cite: Fair Value Calculator (2026). "Ramssol Group Fair Value". https://www.fairvalue-calculator.com/stock/0236

Peer Group

Software - Application · 710 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 45 · Below median
Fair Value upside −1% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 11% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 39% · Top 25%
Revenue growth 23% · Top 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 15.1× · Cheaper than median
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.94× · Cheaper than median
P/FCF 17.8× · Pricier than median
EV/EBITDA 1.4× · Cheaper than 75% of peers
PEG 0.34× · 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 33 · sector 0
FUTURE 100 · sector 38
PAST 57 · sector 13
HEALTH 96 · sector 98
DIVIDEND 0 · sector 28

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.

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Frequently asked questions

Is Ramssol Group (0236) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of 0.7650 MYR versus a price of 0.7700 MYR, about −1% (fairly valued).
What is the fair value of 0236?
Our model-based fair value for Ramssol Group is 0.7650 MYR (as of Jul 14, 2026), built from audited fundamentals. The current price is 0.7700 MYR.
What is the quality score of 0236?
Ramssol Group has a Quality Score of 45/100. 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 Ramssol Group (0236)?
Ramssol Group reported trailing-twelve-month revenue of about 79.7M MYR (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 0236?
The net profit margin of Ramssol Group is about 23.1%, meaning it keeps roughly 23.1% of revenue as net income. 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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