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Censof Holdings (5195) Fair Value & Analysis

Technology · MY · Market cap 102M MYR

CH Censof Holdings 5195 · KLSE
Price0.1950 MYR
Fair Value0.2400 MYR
Upside+23.1%
Quality65/100
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Expensive Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
Ranks above peers (12/13)
Moderate moat 49/100
Evidence: High Range 0.1500 MYR – 0.3100 MYR Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Share price +8.3% over the past month.

A solid business, screening 23% undervalued on our models.

What matters now

  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.1500 MYR to 0.3100 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.4854 MYR 0.1600 MYR Fair Value 0.2400 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 0.1600 MYR – 0.4854 MYR · fair‑value band 0.1500 MYR – 0.3100 MYR · the 0.1950 MYR price screens below the 0.2400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Censof Holdings (5195) currently trades at 0.1950 MYR, while our model-based Fair Value estimate is 0.2400 MYR, implying the stock looks roughly 23.1% undervalued today. The Quality Score stands at 65/100 (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, Censof Holdings generated revenue of 110M MYR at a net margin of 6.3%. Revenue grew 34.3% year over year. It earns a return on equity of 7.4%. The balance sheet holds a net cash position of 23.6M MYR. Fundamentals as of Jul 15, 2026

Our scenario range runs from 0.1500 MYR (bear case) to 0.3100 MYR (bull case); at 0.1950 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 24% below its 52-week high and 22% 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 23%, 5195 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 0.0600 MYR 0.0700 MYR 0.0800 MYR 80
Residual Income 0.1400 MYR 0.1400 MYR 0.1300 MYR 76
Rev-Margin DCF 0.1700 MYR 0.2700 MYR 0.3800 MYR 74
All 24 models by family
DCF Models
FCF DCF 0.0600 MYR 0.0700 MYR 0.0800 MYR 38
Owner Earnings 0.1900 MYR 0.2500 MYR 0.3200 MYR 31
5Y Revenue Exit 0.1700 MYR 0.2700 MYR 0.4100 MYR 39
5Y EBITDA Exit 0.2000 MYR 0.3300 MYR 0.4800 MYR 41
5Y P/E Exit 0.1500 MYR 0.2300 MYR 0.3100 MYR 38
10Y Revenue Exit 0.1200 MYR 0.1900 MYR 0.2900 MYR 36
10Y EBITDA Exit 0.1400 MYR 0.2200 MYR 0.3400 MYR 37
10Y P/E Exit 0.1100 MYR 0.1600 MYR 0.2300 MYR 35
Earnings-Based
Graham-Dodd 0.0900 MYR 0.2600 MYR 0.3500 MYR 54
Lynch FV 0.0600 MYR 0.0800 MYR 0.1000 MYR 50
PEG = 1.0 0.0600 MYR 0.0800 MYR 0.1000 MYR 46
EPV 0.1700 MYR 0.1800 MYR 0.1900 MYR 59
Multiples
P/E Multiple 0.1900 MYR 0.2500 MYR 0.3100 MYR 63
P/S Multiple 0.1600 MYR 0.2100 MYR 0.2700 MYR 58
P/B Multiple 0.1600 MYR 0.2100 MYR 0.2700 MYR 55
EV/EBIT 0.3800 MYR 0.4900 MYR 0.5900 MYR 53
EV/EBITDA 0.3400 MYR 0.4400 MYR 0.5400 MYR 54
EV/Revenue 0.2700 MYR 0.3600 MYR 0.4600 MYR 43
Asset-Based
NCAV (Graham) 0.1000 MYR 0.1300 MYR 0.1900 MYR 50
Growth DCF
Growth DCF 0.0600 MYR 0.0700 MYR 0.0800 MYR 80
Rev-Margin DCF 0.1700 MYR 0.2700 MYR 0.3800 MYR 74
Economic Profit
Residual Income 0.1400 MYR 0.1400 MYR 0.1300 MYR 76
ROIC Compounder 0.1700 MYR 0.1800 MYR 0.1900 MYR 72
Growth Earnings
Growth-Adj P/E 0.1600 MYR 0.2200 MYR 0.2900 MYR 68

Widest divergence: Multiples (0.2500 MYR) versus Growth DCF (0.0700 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 110M MYR
Revenue growth (YoY) +34.3%
Net margin 6.3%
Return on equity 7.4%
Free cash flow 1.1M MYR FY2026
P/E ratio 19.0
More key figures
Operating margin 18.7%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) -25.6%
Net cash 23.6M MYR FY2026

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 62 · Market factors (momentum, volatility) 49

Profitability 43
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 41
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

Censof Holdings Berhad, an investment holding company, engages in the design, development, implementation, and marketing of financial management software in Malaysia, Singapore, and Indonesia.

Full company description

Censof Holdings Berhad, an investment holding company, engages in the design, development, implementation, and marketing of financial management software in Malaysia, Singapore, and Indonesia. It operates through five segments: Financial Management Solutions for Government, Financial Management Solutions for Commercial, Corporate Services, Wealth Management Solutions, and Digital Technology. The company provides corporate services and treasury functions and investments; portfolio management, fund accounting, unit registry, selling agent and online transaction. It also offers information technology consultancy and services for system integration, cloud-based solutions, e-procurement, and e-tendering; information technology services; and engages in the business as IT and software solution consultants. In addition, the company is involved in acting as a service provider for financial applications, electronic payments, and wealth management applications; selling of computerized accounting system; provision of enterprise resource planning software; computer consultancy, computer facilities management, and business of trading in business software and providing support services. It serves its products to government agencies, large corporations, and small and medium enterprises (SMEs), as well as micro-SMEs. The company was formerly known as Century Software Holdings Berhad. The company was incorporated in 2008 and is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Censof Holdings reported revenue of 110M MYR in FY2026 versus 110M MYR in FY2022, a compound −0.1%/yr. Reported net income was 6.9M MYR in FY2026, compounding −21.8%/yr from FY2022.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
110M MYR
Latest YoY
+4.8%
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.
+2.3%
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.
+4.7%
Avg. growth/yr (18Y) 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.
+10.5%
Revenue −0.1%/yr
FY22 110M MYR
FY23 102M MYR
FY24 101M MYR
FY25 105M MYR
FY26 110M MYR
Net income −21.8%/yr
FY22 18.5M MYR
FY23 5.9M MYR
FY24 4.4M MYR
FY25 2.9M MYR
FY26 6.9M MYR
Character of growth · EPS growth decomposed (2015-2026) −6.8 % p.a.
Revenue per share −4.1 pp

of which total revenue −3.9 pp · buybacks/dilution −0.2 pp

EBIT margin −10.8 pp
Tax rate +0.9 pp
Residual (interest, one-offs) +7.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Censof Holdings Fair Value". https://www.fairvalue-calculator.com/stock/5195

Peer Group

Software - Application · 709 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 65 · Above median
Fair Value upside +23% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth 34% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 18.5× · Cheaper than median
P/B 0.95× · Cheaper than median
P/S (TTM) 0.93× · Cheaper than median
P/FCF 22.1× · Pricier than 75% of peers
EV/EBITDA 5.5× · 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 64 · sector 0
FUTURE 100 · sector 38
PAST 30 · sector 13
HEALTH 100 · 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.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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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 Censof Holdings (5195) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 0.2400 MYR versus a price of 0.1950 MYR, about +23% (undervalued).
What is the fair value of 5195?
Our model-based fair value for Censof Holdings is 0.2400 MYR (as of Jul 15, 2026), built from audited fundamentals. The current price is 0.1950 MYR.
What is the quality score of 5195?
Censof Holdings has a Quality Score of 65/100. 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 Censof Holdings (5195)?
Censof Holdings reported trailing-twelve-month revenue of about 110M MYR (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 5195?
The net profit margin of Censof Holdings is about 6.3%, meaning it keeps roughly 6.3% 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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