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Reach Ten Holdings (5332) Fair Value & Analysis

Communication Services · MY · Market cap 395M MYR

RT Reach Ten Holdings 5332 · KLSE
Price0.3800 MYR
Fair Value0.3300 MYR
Upside-13.2%
Quality48/100
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Weak Growth
Highly profitable · 33.3% net margin
Low debt · generates free cash flow
5.00% dividend yield
Ranks above peers (9/14)
Wide moat 84/100
Evidence: High Range 0.2900 MYR – 0.6400 MYR Share as image

Fair value as of: Jul 12, 2026

From 22 valuation models · updated 29 days ago

Share price −3.8% over the past month.

Below-average quality, and screening another 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.2900 MYR to 0.6400 MYR) leaves room in how you read the outcome.
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Price vs Fair Value (15 months)

0.5579 MYR 0.3550 MYR Fair Value 0.3300 MYR May 2025 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

15‑month range 0.3550 MYR – 0.5579 MYR · fair‑value band 0.2900 MYR – 0.6400 MYR · the 0.3800 MYR price screens above the 0.3300 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

Reach Ten Holdings (5332) currently trades at 0.3800 MYR, while our model-based Fair Value estimate is 0.3300 MYR, implying the stock looks roughly 13.2% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Reach Ten Holdings generated revenue of 107M MYR at a net margin of 33.3%. Revenue declined 14.4% year over year. It earns a return on equity of 22.5%. Net debt stands at 2.1M MYR. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.2900 MYR (bear case) to 0.6400 MYR (bull case); at 0.3800 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 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -13%, 5332 screens richer 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 0.0400 MYR 0.0500 MYR 0.0700 MYR 80
Residual Income 0.2100 MYR 0.2700 MYR 0.6400 MYR 76
Rev-Margin DCF 0.1500 MYR 0.2400 MYR 0.3400 MYR 74
All 22 models by family
DCF Models
FCF DCF 0.0400 MYR 0.0500 MYR 0.0700 MYR 38
Owner Earnings 0.2400 MYR 0.3100 MYR 0.4300 MYR 31
5Y Revenue Exit 0.1500 MYR 0.2400 MYR 0.3700 MYR 39
5Y EBITDA Exit 0.2300 MYR 0.3900 MYR 0.5900 MYR 41
5Y P/E Exit 0.3100 MYR 0.5200 MYR 0.7600 MYR 38
10Y Revenue Exit 0.1000 MYR 0.1500 MYR 0.2200 MYR 36
10Y EBITDA Exit 0.1500 MYR 0.2400 MYR 0.3400 MYR 37
10Y P/E Exit 0.1900 MYR 0.3100 MYR 0.4300 MYR 35
Earnings-Based
Graham-Dodd 0.2400 MYR 0.3000 MYR 0.3300 MYR 54
EPV 0.2900 MYR 0.3300 MYR 0.3600 MYR 59
Multiples
P/E Multiple 0.5900 MYR 0.7900 MYR 0.9800 MYR 63
P/S Multiple 0.2900 MYR 0.3900 MYR 0.4900 MYR 58
P/B Multiple 0.4600 MYR 0.6100 MYR 0.7600 MYR 55
EV/EBIT 0.5500 MYR 0.7200 MYR 0.9000 MYR 53
EV/EBITDA 0.4400 MYR 0.5900 MYR 0.7300 MYR 54
EV/Revenue 0.2500 MYR 0.3500 MYR 0.4500 MYR 43
Asset-Based
NCAV (Graham) 0.1100 MYR 0.1500 MYR 0.2200 MYR 50
Growth DCF
Growth DCF 0.0400 MYR 0.0500 MYR 0.0700 MYR 80
Rev-Margin DCF 0.1500 MYR 0.2400 MYR 0.3400 MYR 74
Economic Profit
Residual Income 0.2100 MYR 0.2700 MYR 0.6400 MYR 76
ROIC Compounder 0.2900 MYR 0.3400 MYR 0.3900 MYR 72
Growth Earnings
Growth-Adj P/E 0.4200 MYR 0.5900 MYR 0.7700 MYR 68

Widest divergence: Multiples (0.5900 MYR) versus Growth DCF (0.0500 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 107M MYR
Revenue growth (YoY) -14.4%
Net margin 33.3%
Return on equity 22.5%
Free cash flow 3.9M MYR FY2025
P/E ratio 10.3
More key figures
Operating margin 39.8%
EPS (TTM) 0.0400 MYR
Dividend yield 4.9%
EPS growth (YoY) -19.6%
Net debt 2.1M MYR FY2022

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 23

Profitability 62
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 18
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

Reach Ten Holdings Berhad, an investment holding company, provides telecommunications services in Malaysia. It offers a suite of connectivity solutions, including bandwidth, VSAT, private lines, dedicated internet, international connectivity, and data centre solutions to operators and enterprises.

Full company description

Reach Ten Holdings Berhad, an investment holding company, provides telecommunications services in Malaysia. It offers a suite of connectivity solutions, including bandwidth, VSAT, private lines, dedicated internet, international connectivity, and data centre solutions to operators and enterprises. The company provides satellite-based communication networks and services, such as very small aperture terminal for enterprise, government, mobile backhaul, oil and gas, and maritime sectors; and fibre optic communication networks and services comprising point-to-point leased line services, broadband services for residential and commercial customers, IP and public switched telephone network telephony services, and fibre optic OSP deployment services. It also offers telecommunications infrastructure and managed services consisting of site preparation process, which includes site selection, technical site survey, and procurement of approvals and permits from the local council and relevant authorities, as well as site acceptance; and site-related operational and support services, such as security of the telecommunications infrastructure, structural maintenance, and power supply to the site, as well as continual submission of permit renewal to relevant authorities. Reach Ten Holdings Berhad was incorporated in 2005 and is headquartered in Kuching, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Reach Ten Holdings reported revenue of 112M MYR in FY2025 versus 86.0M MYR in FY2021, a compound +6.7%/yr. Reported net income was 35.8M MYR in FY2025, compounding +41.8%/yr from FY2021.

Growth Quality 36/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
112M MYR
Latest YoY
−34.7%
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.
−13.9%
Revenue +6.7%/yr
FY21 86.0M MYR
FY22 175M MYR
FY23 182M MYR
FY24 171M MYR
FY25 112M MYR
Net income +41.8%/yr
FY21 8.8M MYR
FY22 43.8M MYR
FY23 51.3M MYR
FY24 71.2M MYR
FY25 35.8M MYR

5332 screens 13% overvalued. Compare with China Mobile Limited →

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Cite: Fair Value Calculator (2026). "Reach Ten Holdings Fair Value". https://www.fairvalue-calculator.com/stock/5332

Peer Group

Telecom Services · 250 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 48 · Below median
Fair Value upside −13% · Below median
Return on equity (TTM) 22% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 33% · Top 25%
Operating margin (TTM) 40% · Top 25%
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 5.0% · Above median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 9.9× · Cheaper than 75% of peers
P/B 0.45× · Cheaper than 75% of peers
P/S (TTM) 0.90× · Pricier than median
P/FCF 24.8× · Pricier than 75% of peers
EV/EBITDA 1.8× · 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 16 · sector 29
FUTURE 0 · sector 15
PAST 90 · sector 28
HEALTH 100 · sector 88
DIVIDEND 100 · sector 73

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 Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Reach Ten Holdings (5332) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.3300 MYR versus a price of 0.3800 MYR, about −13% (overvalued).
What is the fair value of 5332?
Our model-based fair value for Reach Ten Holdings is 0.3300 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.3800 MYR.
What is the quality score of 5332?
Reach Ten Holdings has a Quality Score of 48/100. 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 Reach Ten Holdings (5332)?
Reach Ten Holdings reported trailing-twelve-month revenue of about 107M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 5332?
The net profit margin of Reach Ten Holdings is about 33.3%, meaning it keeps roughly 33.3% of revenue as net income. Based on the latest reported figures.
Does Reach Ten Holdings pay a dividend?
Reach Ten Holdings currently shows a dividend yield of about 4.88% 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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