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Dagang Nexchange Bhd (4456) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Dagang Nexchange Bhd MYR 0.18, price MYR 0.48, upside -62.5%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · MY · ISIN MYL4456OO009

DN Thin data Sep 23, 2026

Dagang Nexchange Bhd

4456 · KLSE

Weakest SetupStrongly overvalued and low quality.

!Fair value 0.1800 MYR · Strongly overvalued (−63%)
!Quality 31/100
!Weak Growth (revenue 5y +36.4 %/yr)
!Loss-making · -25.0% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (4/11)
!Narrow moat 20/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

1.26 MYR 0.2250 MYR Fair Value 0.1800 MYR May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range 0.2250 MYR – 1.26 MYR · fair‑value band 0.1500 MYR – 0.2300 MYR · the 0.4800 MYR price screens above the 0.1800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Dagang NeXchange Berhad, an investment holding company, engages in information technology (IT), Semiconductor, and energy businesses in Asia, Europe, and North America.

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Dagang NeXchange Berhad, an investment holding company, engages in information technology (IT), Semiconductor, and energy businesses in Asia, Europe, and North America. It is involved in the development, management, and provision of business to government (B2G) e-commerce and computerized transaction in trade facilitation services; research and development, designing, manufacturing, and trading of radio-frequency technology; and provision of services for infrastructure works for telecommunication industry. The company also engages in the business of online marketing and e-market place; trading of various types of drinking water and beverages; provision of technical consultancy, maintenance, and technical support service to eBusiness; and operation of business to business (B2B) eCommerce portal. In addition, the company offers consultancy and advisory in computer hardware, software, peripherals, and other IT based products; IT project management, maintenance and asset management; manufacturing of semiconductor wafers and integrated device, as well as supplies multinational fabless; and sale of advanced semiconductor products. Further, it supplies hardware equipment, software, and peripherals; information transmission; explores for, develops, and produces crude oil and natural gas; explores and develops upstream oil and gas assets; designs, develops, constructs, operates, and maintains power plants; provides oilfield services; engineering and technical support services for the oil and gas industry; and sells oil and gas related equipment. Additionally, the company trades in solid state drive products; and provision of subsea cable installation and maintenance services. The company was formerly known as TIME Engineering Berhad and changed its name to Dagang NeXchange Berhad in May 2014. Dagang NeXchange Berhad was incorporated in 1970 and is headquartered in Cyberjaya, Malaysia.

Stock analysis

Dagang Nexchange Bhd (4456) currently trades at 0.4800 MYR, while our model-based Fair Value estimate is 0.1800 MYR, implying the stock looks roughly 166.7% overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 0.2600 MYR per share, and 0 of the 6 models we run sit above the 0.4800 MYR price.

Bear case: the Multiples group reads lowest at 0.1100 MYR, and 6 of the 6 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.1500 MYR (bear) to 0.2300 MYR (bull), the price of 0.4800 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 31/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Dagang Nexchange Bhd reported revenue of 1.0B MYR in FY2025 versus 1.5B MYR in FY2021, a compound −8.1%/yr. Reported net income was −318M MYR in FY2025.

Key figures

Market cap 1.7B MYR (≈ $409M) · P/S ratio 1.51 · EPS (TTM) −0.0700 MYR · Net margin −30.5% · Return on equity −18.8% · Return on assets (EBIT) 1.3% · Operating margin 12.8% · Revenue (TTM) 1.0B MYR.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 9% below its 52-week high and 96% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at −63%, 4456 screens richer than that median.

Fair Value models

Bear 0.1500 MYR Fair Value 0.1800 MYR Bull 0.2300 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.
Highest evidence
FCF DCF 0.1800 MYR 0.2500 MYR 0.4100 MYR 77
Growth DCF 0.1800 MYR 0.2600 MYR 0.3900 MYR 76
5Y Revenue Exit 0.1300 MYR 0.1600 MYR 0.2000 MYR 72
All 6 models by family
DCF Models
FCF DCF 0.1800 MYR 0.2500 MYR 0.4100 MYR 77
5Y Revenue Exit 0.1300 MYR 0.1600 MYR 0.2000 MYR 72
10Y Revenue Exit 0.1500 MYR 0.1900 MYR 0.2300 MYR 66
Multiples
EV/Revenue 0.1000 MYR 0.1100 MYR 0.1200 MYR 54
Asset-Based
NCAV (Graham) 0.2000 MYR 0.2600 MYR 0.3900 MYR 54
Growth DCF
Growth DCF 0.1800 MYR 0.2600 MYR 0.3900 MYR 76

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Quality Score breakdown

Overall quality 31/100

Of which business quality 31 · Market factors (momentum, volatility) 79

Profitability 4
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 45
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−11.3%
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.
−7.2%
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.
+36.4%
Start year 2020 (pandemic). Over 10 years: +27.0% a year
Revenue growth 22 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%
Profit margin (trend) ⓘ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.
20.3% (2020) → −43.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more 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).
+57.1%
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 +54.1% a year for the price.

4456 screens 167% overvalued. Compare with International Business Machines Corporation →

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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.Information Technology Services · 497 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −62% · Bottom 25%
Profitability
Return on assets −9% · Bottom 25%
Net margin (TTM) −25% · Bottom 25%
Operating margin (TTM) 13% · Top 25%
Growth and dividend
Revenue growth −10% · Bottom 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/B 0.30× · Cheapest 25%
P/S (TTM) 0.40× · Cheaper than median
P/FCF 45.7× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 45
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)0 · sector 36
HEALTH (low debt)99 · sector 97
DIVIDEND (yield)0 · sector 43

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $232.76 $188.22 −19%
Accenture plc ACN $183.52 $305.06 +66%
Tata Consultancy Services Limited TCS ₹2,090 ₹2,993 +43%
Infosys Limited INFY ₹1,021 ₹1,690 +66%
HCL Technologies Limited HCLTECH ₹1,257 ₹1,926 +53%
Fidelity National Information Services, Inc FIS $34.67 $32.47 −6%
Cognizant Technology Solutions Corporation CTSH $59.14 $132.01 +123%
Wipro Limited WIPRO ₹164.90 ₹287.90 +75%
Capgemini SE CAP €103.75 €223.90 +116%
CDW Corporation CDW $146.16 $162.00 +11%

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Cite: Fair Value Calculator (2026). "Dagang Nexchange Bhd Fair Value". https://www.fairvalue-calculator.com/stock/4456

Frequently asked questions

Is Dagang Nexchange Bhd (4456) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.1800 MYR versus a price of 0.4800 MYR, about −63% upside (overvalued).
What is the fair value of 4456?
Our model-based fair value for Dagang Nexchange Bhd is 0.1800 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.4800 MYR.
What is the quality score of 4456?
Dagang Nexchange Bhd has a Quality Score of 31/100. 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 Dagang Nexchange Bhd (4456)?
Our model-based price target is the fair value of 0.1800 MYR (as of Sep 23, 2026) from 6 valuation models. Cautious scenario 0.1500 MYR, optimistic scenario 0.2300 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Dagang Nexchange Bhd stock forecast for 2026?
Our models put fair value at 0.1800 MYR, about −63% upside versus a price of 0.4800 MYR (overvalued). Cautious scenario 0.1500 MYR, optimistic scenario 0.2300 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Dagang Nexchange Bhd (4456)?
Dagang Nexchange Bhd reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Sep 23, 2026).
What growth is priced into Dagang Nexchange Bhd (4456)?
For today's price to be fair in a discounted-cash-flow model, Dagang Nexchange Bhd would have to grow free cash flow by +57.1 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 4456 use?
Our models discount Dagang Nexchange Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.20, 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 Dagang Nexchange Bhd that is +57.1 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Dagang Nexchange Bhd (4456) delivered so far?
Over the past 5 years revenue at Dagang Nexchange Bhd grew +36.4 % a year. The price currently implies +57.1 % 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 Dagang Nexchange Bhd (4456) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Dagang Nexchange Bhd (+57.1 % 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 Dagang Nexchange Bhd (4456)?
The free-cash-flow yield on the price is 0.53 %: that much free cash flow Dagang Nexchange Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dagang Nexchange Bhd (4456)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dagang Nexchange Bhd it is 0.1800 MYR per share (as of Sep 23, 2026), against a price of 0.4800 MYR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Dagang Nexchange Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 4456 trades above its calculated fair value: price 0.4800 MYR, fair value 0.1800 MYR, a gap of about −63% (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 4456?
No. The price is what the market pays today (0.4800 MYR); the fair value is what the company's own numbers justify (0.1800 MYR). For Dagang Nexchange Bhd the two are 0.3000 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Dagang Nexchange Bhd worth?
The market values Dagang Nexchange Bhd at about 1.7B MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.4800 MYR; our models calculate a fair value of 0.1800 MYR per share.
What do the bullish and bearish scenarios say about 4456?
Our models span a range for Dagang Nexchange Bhd: cautious scenario 0.1500 MYR, base 0.1800 MYR, optimistic 0.2300 MYR per share (as of Sep 23, 2026, price 0.4800 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dagang Nexchange Bhd (4456)?
Balance-sheet figures for Dagang Nexchange Bhd (as of Sep 23, 2026): return on equity −18.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 4456 from its 52-week high?
Dagang Nexchange Bhd trades at 0.4800 MYR, about 9% below its 52-week high of 0.5300 MYR and 96% above the low of 0.2450 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1800 MYR is for.
Which stocks are comparable to Dagang Nexchange Bhd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Dagang Nexchange Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.4800 MYR, calculated fair value 0.1800 MYR (−63%), Quality Score 31/100, from 6 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 4456 calculated?
We run Dagang Nexchange Bhd through 6 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 0.1800 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 13.0 % above its aggregate fair value. Dagang Nexchange 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 Dagang Nexchange Bhd (4456)?
The closing price on Sep 24, 2026 was 0.4800 MYR. Our model-based fair value is 0.1800 MYR, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dagang Nexchange Bhd right now?
The price sits above even our optimistic bull case (0.2300 MYR). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Dagang Nexchange Bhd

How large is the market capitalisation of Dagang Nexchange Bhd (4456)?
The market capitalisation of Dagang Nexchange Bhd is 1.7B MYR (≈ $409M). 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 Dagang Nexchange Bhd (4456)?
The price-to-sales ratio of Dagang Nexchange Bhd is 1.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dagang Nexchange Bhd (4456)?
Earnings per share at Dagang Nexchange Bhd are −0.0700 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dagang Nexchange Bhd (4456)?
The net margin of Dagang Nexchange Bhd is −30.5% (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 Dagang Nexchange Bhd (4456)?
The return on equity (ROE) of Dagang Nexchange Bhd is −18.8% (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 Dagang Nexchange Bhd (4456)?
On an EBIT basis the return on assets of Dagang Nexchange Bhd is 1.3% (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 Dagang Nexchange Bhd (4456)?
The operating margin of Dagang Nexchange Bhd is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dagang Nexchange Bhd (4456)?
Revenue at Dagang Nexchange Bhd is growing −9.9% versus a year earlier (3y avg −7.2%). 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 Dagang Nexchange Bhd (4456)?
Earnings per share at Dagang Nexchange Bhd are growing −70.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dagang Nexchange Bhd (4456) hold?
Dagang Nexchange Bhd holds more cash than debt, 167M MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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