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HeiTech Padu Berhad (5028) Fair Value & Analysis

Technology · MY · Market cap 200M MYR

HP HeiTech Padu Berhad 5028 · KLSE
Price1.27 MYR
Fair Value1.75 MYR
Upside+37.9%
Quality26/100
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Expensive Growth
Thin margins · 1.9% net margin
Low debt · negative free cash flow
Ranks above peers (8/11)
Narrow moat 37/100
Evidence: High Range 1.14 MYR – 1.85 MYR Share as image

Fair value as of: Jul 17, 2026

From 17 valuation models · updated 24 days ago

Share price +0.8% over the past month.

Below-average quality, screening 38% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (26/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from 1.14 MYR (bear) to 1.85 MYR (bull), base 1.75 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 26/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

3.47 MYR 0.4720 MYR Fair Value 1.75 MYR Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 0.4720 MYR – 3.47 MYR · fair‑value band 1.14 MYR – 1.85 MYR · the 1.27 MYR price screens below the 1.75 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

HeiTech Padu Berhad (5028) currently trades at 1.27 MYR, while our model-based Fair Value estimate is 1.75 MYR, implying the stock looks roughly 37.9% undervalued today. The Quality Score stands at 26/100 (below-average 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, HeiTech Padu Berhad generated revenue of 689M MYR at a net margin of 1.9%. Revenue grew 50.7% year over year. It earns a return on equity of 5.2%. Net debt stands at 295M MYR. Fundamentals as of Jul 17, 2026

Our scenario range runs from 1.14 MYR (bear case) to 1.85 MYR (bull case); at 1.27 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 47% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 38%, 5028 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
Residual Income 1.13 MYR 1.19 MYR 1.28 MYR 76
ROIC Compounder 1.99 MYR 2.23 MYR 2.47 MYR 72
Gordon GGM 0.0700 MYR 0.1200 MYR 0.1500 MYR 70
All 17 models by family
DCF Models
Owner Earnings 2.20 MYR 2.76 MYR 3.43 MYR 31
Earnings-Based
Graham-Dodd 0.9500 MYR 2.62 MYR 3.43 MYR 54
Lynch FV 0.5200 MYR 0.7400 MYR 0.9700 MYR 50
PEG = 1.0 0.5200 MYR 0.7400 MYR 0.9700 MYR 46
EPV 1.94 MYR 2.10 MYR 2.23 MYR 59
Dividend Discount
Gordon GGM 0.0700 MYR 0.1200 MYR 0.1500 MYR 70
DDM Multi-Stage 0.0700 MYR 0.1000 MYR 0.1200 MYR 61
Multiples
P/E Multiple 2.09 MYR 2.79 MYR 3.49 MYR 63
P/S Multiple 1.78 MYR 2.37 MYR 2.97 MYR 58
P/B Multiple 1.78 MYR 2.37 MYR 2.97 MYR 55
EV/EBIT 3.42 MYR 4.36 MYR 5.31 MYR 53
EV/EBITDA 3.29 MYR 4.20 MYR 5.10 MYR 54
EV/Revenue 2.50 MYR 3.31 MYR 4.13 MYR 43
Asset-Based
NCAV (Graham) 0.7300 MYR 0.9700 MYR 1.46 MYR 50
Economic Profit
Residual Income 1.13 MYR 1.19 MYR 1.28 MYR 76
ROIC Compounder 1.99 MYR 2.23 MYR 2.47 MYR 72
Growth Earnings
Growth-Adj P/E 1.67 MYR 2.39 MYR 3.10 MYR 68

Widest divergence: Multiples (2.79 MYR) versus Dividend Discount (0.1000 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 689M MYR
Revenue growth (YoY) +50.7%
Net margin 1.9%
Return on equity 5.2%
Free cash flow −184M MYR FY2025
P/E ratio 12.3
More key figures
Operating margin 11.1%
EPS (TTM) 0.1000 MYR
EPS growth (YoY) -79.0%
Net debt 295M MYR FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 26 · Market factors (momentum, volatility) 26

Profitability 39
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

HeiTech Padu Berhad provides systems integration, data center management, disaster recovery, information technology, and network related services in Malaysia, Australia, and Indonesia. The company operates through Public Sector Group, Private Sector Group, and Investments Group segments.

Full company description

HeiTech Padu Berhad provides systems integration, data center management, disaster recovery, information technology, and network related services in Malaysia, Australia, and Indonesia. The company operates through Public Sector Group, Private Sector Group, and Investments Group segments. It offers project planning, execution, monitoring, control, and project management office services, as well as change management services, system integration and application development services, such as requirement development, system analysis and design, system development, business process, and system testing services; deployment services that include site/infrastructure readiness and system deployment services, hardware/software installation, testing, and commissioning services, as well as post implementation and application system; helpdesk support services, and user, technical, and management training solution. In addition, the company provides bulk mailing and outsourcing, automotive/insurance claims platform, mobile application, and financial technology services, contract programming, product systems integration, and other computer related services, customer support service center and consultancy desk services, mail processing and related services; network management, and local area network design and installation, and engineering, procurement, and construction services. Further, it offers property investment and general trading services, and information and communication technology products and services for defense , as well as engineering works for energy sector. Additionally, the company provides centralized parts pricing database for the insurance industry, develops and markets computer aided educational software, and researches, develops, installs, and supports software for small and medium sized industries, as well as engages in the operation of generation facilities that produce electricity. The company was incorporated in 1994 and is based in Subang Jaya, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HeiTech Padu Berhad reported revenue of 614M MYR in FY2025 versus 270M MYR in FY2021, a compound +22.9%/yr. Reported net income was 22.8M MYR in FY2025.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
614M MYR
Latest YoY
+82.2%
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.
+13.5%
Avg. growth/yr (13Y) 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.
+3.4%
Revenue +22.9%/yr
FY21 270M MYR
FY22 294M MYR
FY23 278M MYR
FY24 337M MYR
FY25 614M MYR
Net income
FY21 −15.8M MYR
FY22 −9.9M MYR
FY23 7.2M MYR
FY24 6.7M MYR
FY25 22.8M MYR

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Cite: Fair Value Calculator (2026). "HeiTech Padu Berhad Fair Value". https://www.fairvalue-calculator.com/stock/5028

Peer Group

Information Technology Services · 475 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 26 · Bottom 25%
Fair Value upside +38% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 5% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth 51% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 12.3× · Cheaper than 75% of peers
P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.07× · 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 84 · sector 21
FUTURE 100 · sector 31
PAST 21 · sector 37
HEALTH 99 · sector 97
DIVIDEND 0 · sector 37

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is HeiTech Padu Berhad (5028) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 1.75 MYR versus a price of 1.27 MYR, about +38% (undervalued).
What is the fair value of 5028?
Our model-based fair value for HeiTech Padu Berhad is 1.75 MYR (as of Jul 17, 2026), built from audited fundamentals. The current price is 1.27 MYR.
What is the quality score of 5028?
HeiTech Padu Berhad has a Quality Score of 26/100. 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 HeiTech Padu Berhad (5028)?
HeiTech Padu Berhad reported trailing-twelve-month revenue of about 689M MYR (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 5028?
The net profit margin of HeiTech Padu Berhad is about 1.9%, meaning it keeps roughly 1.9% 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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