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AGX Group (0299) Fair Value & Analysis

Industrials · MY · Market cap 206M MYR

AG AGX Group 0299 · KLSE
Price0.4650 MYR
Fair Value0.5631 MYR
Upside+21.1%
Quality55/100
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Expensive Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Moderate moat 47/100
Evidence: High Range 0.2686 MYR – 0.7364 MYR Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 0.6500 MYR to 0.5631 MYR (−13.4%) since Jul 6, 2026. Share price +2.6% over the past month.

A solid business, screening 21% undervalued on our models.

What matters now

  • The model range is unusually wide (0.2686 MYR to 0.7364 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (3 years)

0.5868 MYR 0.2333 MYR Fair Value 0.5631 MYR Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

30‑month range 0.2333 MYR – 0.5868 MYR · fair‑value band 0.2686 MYR – 0.7364 MYR · the 0.4650 MYR price screens below the 0.5631 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

AGX Group (0299) currently trades at 0.4650 MYR, while our model-based Fair Value estimate is 0.5631 MYR, implying the stock looks roughly 21.1% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials 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, AGX Group generated revenue of 312M MYR at a net margin of 4.3%. Revenue grew 34.4% year over year. It earns a return on equity of 14.0%. Net debt stands at 3.6M MYR. Fundamentals as of Jul 13, 2026

Our scenario range runs from 0.2686 MYR (bear case) to 0.7364 MYR (bull case); at 0.4650 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 26% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 21%, 0299 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 0.1200 MYR 0.1900 MYR 0.2900 MYR 80
Residual Income 0.2100 MYR 0.2400 MYR 0.4100 MYR 76
Rev-Margin DCF 0.3000 MYR 0.5900 MYR 1.00 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.1300 MYR 0.1800 MYR 0.3100 MYR 38
Owner Earnings 0.5800 MYR 1.06 MYR 1.86 MYR 31
5Y Revenue Exit 0.3000 MYR 0.5900 MYR 1.07 MYR 39
5Y EBITDA Exit 0.4200 MYR 0.8500 MYR 1.52 MYR 41
5Y P/E Exit 0.3800 MYR 0.8100 MYR 1.35 MYR 38
10Y Revenue Exit 0.2100 MYR 0.4600 MYR 0.8400 MYR 36
10Y EBITDA Exit 0.3000 MYR 0.6400 MYR 1.28 MYR 37
10Y P/E Exit 0.2800 MYR 0.6000 MYR 1.14 MYR 35
Earnings-Based
Graham-Dodd 0.2200 MYR 1.45 MYR 2.03 MYR 54
Lynch FV 0.4200 MYR 0.6000 MYR 0.7800 MYR 50
PEG = 1.0 0.4200 MYR 0.6000 MYR 0.7800 MYR 46
EPV 0.2600 MYR 0.2800 MYR 0.3100 MYR 59
Dividend Discount
Gordon GGM 0.0600 MYR 0.1100 MYR 0.1400 MYR 70
DDM Multi-Stage 0.0600 MYR 0.1000 MYR 0.1100 MYR 61
Multiples
P/E Multiple 0.5500 MYR 0.7300 MYR 0.9100 MYR 63
P/S Multiple 0.4200 MYR 0.5600 MYR 0.7000 MYR 58
P/B Multiple 0.4200 MYR 0.5600 MYR 0.7000 MYR 55
EV/EBIT 0.5100 MYR 0.6800 MYR 0.8400 MYR 53
EV/EBITDA 0.6300 MYR 0.8300 MYR 1.02 MYR 54
EV/Revenue 0.4000 MYR 0.5500 MYR 0.7100 MYR 43
Asset-Based
NCAV (Graham) 0.1200 MYR 0.1600 MYR 0.2300 MYR 50
Growth DCF
Growth DCF 0.1200 MYR 0.1900 MYR 0.2900 MYR 80
Rev-Margin DCF 0.3000 MYR 0.5900 MYR 1.00 MYR 74
Economic Profit
Residual Income 0.2100 MYR 0.2400 MYR 0.4100 MYR 76
ROIC Compounder 0.2700 MYR 0.3400 MYR 0.4000 MYR 72
Growth Earnings
Growth-Adj P/E 0.6100 MYR 0.8700 MYR 1.12 MYR 68

Widest divergence: Growth Earnings (0.8700 MYR) versus Dividend Discount (0.1000 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 312M MYR
Revenue growth (YoY) +34.4%
Net margin 4.3%
Return on equity 14.0%
Free cash flow 4.0M MYR FY2025
P/E ratio 15.8
More key figures
Operating margin 7.8%
EPS (TTM) 0.0300 MYR
EPS growth (YoY) -18.2%
Net debt 3.6M MYR FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 49

Profitability 62
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 82
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

AGX Group Berhad, through its subsidiaries, provides third-party logistics services in Malaysia, Singapore, the Philippines, Myanmar, Korea, Vietnam, Cambodia, Thailand, and China.

Full company description

AGX Group Berhad, through its subsidiaries, provides third-party logistics services in Malaysia, Singapore, the Philippines, Myanmar, Korea, Vietnam, Cambodia, Thailand, and China. It offers logistics services, such as aerospace logistics for airlines, aircraft maintenance, repair and overhaul workshops, and original equipment manufacturers; and air freight and sea freight forwarding. The company also provides warehousing and 3PL services, including inventory management, distribution, and value-added services through a network of warehouses; and road freight transportation for domestic and cross-border cargo movement. AGX Group Berhad was founded in 2004 and is headquartered in Subang Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AGX Group reported revenue of 291M MYR in FY2025 versus 193M MYR in FY2021, a compound +10.7%/yr. Reported net income was 14.3M MYR in FY2025, compounding +24.6%/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)
291M MYR
Latest YoY
+21.9%
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.
+7.4%
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.
+18.9%
Revenue +10.7%/yr
FY21 193M MYR
FY22 234M MYR
FY23 187M MYR
FY24 238M MYR
FY25 291M MYR
Net income +24.6%/yr
FY21 5.9M MYR
FY22 13.5M MYR
FY23 9.8M MYR
FY24 12.7M MYR
FY25 14.3M MYR

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Cite: Fair Value Calculator (2026). "AGX Group Fair Value". https://www.fairvalue-calculator.com/stock/0299

Peer Group

Integrated Freight & Logistics · 218 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 55 · Above median
Fair Value upside +21% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 34% · Top 25%
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 15.8× · Pricier than median
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
P/FCF 12.7× · Pricier than 75% of peers
EV/EBITDA 1.7× · 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 61 · sector 46
FUTURE 100 · sector 8
PAST 56 · sector 26
HEALTH 99 · sector 94
DIVIDEND 0 · sector 56

Insider activity: 45/100

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is AGX Group (0299) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 0.5631 MYR versus a price of 0.4650 MYR, about +21% (undervalued).
What is the fair value of 0299?
Our model-based fair value for AGX Group is 0.5631 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 0.4650 MYR.
What is the quality score of 0299?
AGX Group has a Quality Score of 55/100. 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 AGX Group (0299)?
AGX Group reported trailing-twelve-month revenue of about 312M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 0299?
The net profit margin of AGX Group is about 4.3%, meaning it keeps roughly 4.3% 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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