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Panda Eco System Berhad, an investment holding company, (0290) Fair Value & Analysis

Technology · MY · Market cap 124M MYR

PE Panda Eco System Berhad, an investment holding company, 0290 · KLSE
Price0.1900 MYR
Fair Value0.3700 MYR
Upside+94.7%
Quality64/100
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Healthy Growth
Solidly profitable · 19.3% net margin
Low debt · generates free cash flow
2.70% dividend yield
Ranks above peers (12/14)
Wide moat 69/100
Evidence: High Range 0.2500 MYR – 0.4500 MYR Share as image

Fair value as of: Jul 12, 2026

From 13 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 0.2900 MYR to 0.3700 MYR (+27.6%) since Jun 26, 2026. Share price +5.6% over the past month.

A solid business, screening 95% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2500 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.2500 MYR to 0.4500 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

0.4916 MYR 0.1700 MYR Fair Value 0.3700 MYR Nov 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

32‑month range 0.1700 MYR – 0.4916 MYR · fair‑value band 0.2500 MYR – 0.4500 MYR · the 0.1900 MYR price screens below the 0.3700 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Panda Eco System Berhad, an investment holding company, (0290) currently trades at 0.1900 MYR, while our model-based Fair Value estimate is 0.3700 MYR, implying the stock looks roughly 94.7% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Panda Eco System Berhad, an investment holding company, generated revenue of 47.7M MYR at a net margin of 19.3%. Revenue grew 48.5% year over year. It earns a return on equity of 19.9%. The stock trades on a trailing P/E of 19.0. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.2500 MYR (bear case) to 0.4500 MYR (bull case); at 0.1900 MYR, the current price sits below 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 36% below its 52-week high and 15% 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 95%, 0290 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 0.1800 MYR 0.2700 MYR 0.4300 MYR 80
Residual Income 0.0700 MYR 0.0900 MYR 0.2600 MYR 76
Rev-Margin DCF 0.1400 MYR 0.2400 MYR 0.4300 MYR 74
All 13 models by family
DCF Models
Owner Earnings 0.1700 MYR 0.3200 MYR 0.5800 MYR 31
5Y P/E Exit 0.1600 MYR 0.3200 MYR 0.5200 MYR 38
10Y P/E Exit 0.1700 MYR 0.3200 MYR 0.5500 MYR 35
Earnings-Based
Graham-Dodd 0.0900 MYR 0.6300 MYR 0.8900 MYR 54
Lynch FV 0.2600 MYR 0.3700 MYR 0.4800 MYR 50
Dividend Discount
Gordon GGM 0.0200 MYR 0.0300 MYR 0.0400 MYR 70
DDM Multi-Stage 0.0200 MYR 0.0300 MYR 0.0300 MYR 61
Multiples
P/E Multiple 0.1300 MYR 0.1700 MYR 0.2200 MYR 63
P/B Multiple 0.0700 MYR 0.1000 MYR 0.1200 MYR 55
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0500 MYR 0.0700 MYR 50
Growth DCF
Growth DCF 0.1800 MYR 0.2700 MYR 0.4300 MYR 80
Rev-Margin DCF 0.1400 MYR 0.2400 MYR 0.4300 MYR 74
Economic Profit
Residual Income 0.0700 MYR 0.0900 MYR 0.2600 MYR 76

Widest divergence: Earnings-Based (0.3700 MYR) versus Dividend Discount (0.0300 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 47.7M MYR
Revenue growth (YoY) +48.5%
Net margin 19.3%
Return on equity 19.9%
Free cash flow 9.8M MYR FY2026
P/E ratio 19.0
More key figures
Operating margin 14.2%
EPS (TTM) 0.0100 MYR
Dividend yield 2.5%
EPS growth (YoY) -3.5%

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 67 · Market factors (momentum, volatility) 31

Profitability 68
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 62
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

Panda Eco System Berhad, an investment holding company, engages in providing software development, customisation, implementation, and integration of Information Technology (IT) solutions in Malaysia.

Full company description

Panda Eco System Berhad, an investment holding company, engages in providing software development, customisation, implementation, and integration of Information Technology (IT) solutions in Malaysia. It offers solutions that enables the customer's headquarters to manage and monitor their business operations, including managing daily retail activities, optimising POS systems, controlling pricing and promotions, managing inventory, and ensuring seamless financial information management across their network of stores, as well as provides seamless electronic document exchange between retailers and suppliers, enabling paperless operations through the digitisation of transaction documents. The company is involved in providing comprehensive management services, such as Customer Relationship Management (CRM), e-commerce platform oversight, loyalty programmes, mobile application management, digital content administration, and efficient handling of delivery assignments for e-commerce orders; and trading of third-party software and it hardware by providing software customization, implementation, and integration services. It serves retailers, retail product suppliers, F&B service providers, and companies in other industries. The company was founded in 2003 and is headquartered in Malacca, Malaysia. Panda Eco System Berhad operates as a subsidiary of Goldcoin Capital Sdn Bhd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Panda Eco System Berhad, an investment holding company, reported revenue of 43.8M MYR in FY2026 versus 20.0M MYR in FY2022, a compound +21.6%/yr. Reported net income was 9.2M MYR in FY2026, compounding +3.9%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
43.8M MYR
Latest YoY
+40.5%
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.
+27.8%
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.
+21.7%
Revenue +21.6%/yr
FY22 20.0M MYR
FY23 21.0M MYR
FY24 23.8M MYR
FY25 31.2M MYR
FY26 43.8M MYR
Net income +3.9%/yr
FY22 7.9M MYR
FY23 7.0M MYR
FY24 4.3M MYR
FY25 8.1M MYR
FY26 9.2M MYR

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Cite: Fair Value Calculator (2026). "Panda Eco System Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/0290

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 64 · Above median
Fair Value upside +95% · Top 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 14% · Above median
Revenue growth 49% · Top 25%
Dividend yield (TTM) 2.7% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 18.0× · Cheaper than median
P/B 2.56× · Pricier than median
P/S (TTM) 2.61× · Pricier than median
P/FCF 3.1× · Cheaper than median
EV/EBITDA 8.3× · Cheaper than median

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 100 · sector 0
FUTURE 100 · sector 38
PAST 79 · sector 13
HEALTH 100 · sector 98
DIVIDEND 54 · sector 28

Insider activity: 40/100

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Panda Eco System Berhad, an investment holding company, (0290) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.3700 MYR versus a price of 0.1900 MYR, about +95% (undervalued).
What is the fair value of 0290?
Our model-based fair value for Panda Eco System Berhad, an investment holding company, is 0.3700 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.1900 MYR.
What is the quality score of 0290?
Panda Eco System Berhad, an investment holding company, has a Quality Score of 64/100. 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 Panda Eco System Berhad, an investment holding company, (0290)?
Panda Eco System Berhad, an investment holding company, reported trailing-twelve-month revenue of about 47.7M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0290?
The net profit margin of Panda Eco System Berhad, an investment holding company, is about 19.3%, meaning it keeps roughly 19.3% of revenue as net income. Based on the latest reported figures.
Does Panda Eco System Berhad, an investment holding company, pay a dividend?
Panda Eco System Berhad, an investment holding company, currently shows a dividend yield of about 2.50% relative to its recent price (as of Jul 12, 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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