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ATA IMS Bhd (8176) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of ATA IMS Bhd MYR 0.42, price MYR 0.14, upside +200.0%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Technology · MY · ISIN MYL8176OO009

AI Thin data Sep 23, 2026

ATA IMS Bhd

8176 · KLSE

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value 0.4200 MYR · Strongly undervalued (+200%)
✓Quality 66/100
!Weak Growth (revenue 5y −39.7 %/yr)
!Loss-making · -1.3% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (6/11)
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

2.87 MYR 0.1050 MYR Fair Value 0.4200 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 0.1050 MYR – 2.87 MYR · fair‑value band 0.3203 MYR – 0.6051 MYR · the 0.1400 MYR price screens below the 0.4200 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

WaveFront Berhad, an investment holding company, provides electronics manufacturing services in Malaysia. It offers vertically integrated solutions, including design and engineering, mold design and fabrication, plastic injection molding, and box-build assembly.

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WaveFront Berhad, an investment holding company, provides electronics manufacturing services in Malaysia. It offers vertically integrated solutions, including design and engineering, mold design and fabrication, plastic injection molding, and box-build assembly. The company is also involved in the manufacture and sale of precision plastic injection molded parts, electrical and electronic components and products, filter systems and other related products, and metal stamping; secondary process, sub-assembly, and full assembly of finished products to the electronic industry; tooling fabrication; wholesale and retail of foodstuff and consumer goods; and manufacture of home appliances, including vacuum cleaner, fan humidifier, purifier, heater fan, and lighting product, as well as secondary processes, such as silk screen and spray printing. It serves the consumer, industrial, healthcare, and automotive solutions industries. The company was formerly known as ATA IMS Berhad and changed its name to WAVEFRONT Berhad in June 2025. WaveFront Berhad was founded in 1972 and is headquartered in Johor Bahru, Malaysia.

Stock analysis

ATA IMS Bhd (8176) currently trades at 0.1400 MYR, while our model-based Fair Value estimate is 0.4200 MYR, implying the stock looks roughly 66.7% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 0.7900 MYR per share, and 11 of the 11 models we run sit above the 0.1400 MYR price.

Bear case: the Asset-Based group reads lowest at 0.2100 MYR, and 0 of the 11 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.3203 MYR (bear) to 0.6051 MYR (bull), the price of 0.1400 MYR sits below 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 66/100 (solid 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.

ATA IMS Bhd reported revenue of 337M MYR in FY2026 versus 2.6B MYR in FY2022, a compound −40.0%/yr. Reported net income was −4.2M MYR in FY2026.

Key figures

Market cap 168M MYR (≈ $41.3M) · P/S ratio 0.45 · Net margin −1.3% · Return on equity −1.1% · Return on assets (EBIT) −10.1% · Operating margin −2.5% · Revenue (TTM) 337M MYR · Revenue growth (YoY) −7.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 200%, 8176 screens cheaper than that median.

Fair Value models

Bear 0.3203 MYR Fair Value 0.4200 MYR Bull 0.6051 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 0.6400 MYR 0.8900 MYR 1.65 MYR 75
Owner Earnings 0.2400 MYR 0.3200 MYR 0.4600 MYR 74
5Y EBITDA Exit 0.3500 MYR 0.4000 MYR 0.5000 MYR 74
All 11 models by family
DCF Models
FCF DCF 0.6400 MYR 0.8900 MYR 1.65 MYR 75
Owner Earnings 0.2400 MYR 0.3200 MYR 0.4600 MYR 74
5Y Revenue Exit 0.5000 MYR 0.7200 MYR 1.17 MYR 69
5Y EBITDA Exit 0.3500 MYR 0.4000 MYR 0.5000 MYR 74
10Y Revenue Exit 0.5400 MYR 0.9200 MYR 1.15 MYR 65
10Y EBITDA Exit 0.4400 MYR 0.5900 MYR 0.8000 MYR 67
Multiples
EV/EBITDA 0.2300 MYR 0.2400 MYR 0.2500 MYR 67
EV/Revenue 0.4200 MYR 0.5200 MYR 0.6300 MYR 54
Asset-Based
NCAV (Graham) 0.1500 MYR 0.2100 MYR 0.3100 MYR 54
Growth DCF
Growth DCF 0.6100 MYR 1.00 MYR 1.62 MYR 74
Rev-Margin DCF 0.5300 MYR 0.7900 MYR 1.34 MYR 69

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Quality Score breakdown

Overall quality 66/100

Of which business quality 66 · Market factors (momentum, volatility) 36

Profitability 16
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
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. 29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+22.9%
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.
−28.3%
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.
−39.7%
Start year 2021 (pandemic). Over 10 years: +13.8% a year
Revenue growth 20 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.
+5.4%
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.
4.8% (2021) → −1.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

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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.Electronic Components · 654 stocks

Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 66 · Top 25%
Fair Value upside +200% · Top 25%
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −1% · Bottom 25%
Operating margin (TTM) −2% · Bottom 25%
Growth and dividend
Revenue growth −8% · Bottom 25%
Balance sheet
Debt / equity 0.08× · Below median

Valuation Multiplesvs Electronic Components median · lower = cheaper

P/B 0.12× · Cheapest 25%
P/S (TTM) 0.13× · Cheapest 25%
P/FCF 1.4× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 26
HEALTH (low debt)96 · sector 95
DIVIDEND (yield)0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $82.19 $90.41 +10%
Delta Electronics, Inc 2308 1,910 TWD 519.57 TWD −73%
Corning Incorporated GLW $154.48 $34.01 −78%
Hon Hai Precision Industry Co 2317 250.50 TWD 293.80 TWD +17%
Samsung Electro-Mechanics Co 009150 1,507,000 KRW 171,572 KRW −89%
Luxshare Precision Industry Co 002475 ¥54.84 ¥18.55 −66%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥198.12 ¥21.19 −89%
TE Connectivity plc TEL $213.48 $140.75 −34%
Elite Material Co 2383 5,050 TWD 800.51 TWD −84%
Yageo Corporation 2327 580.00 TWD 527.64 TWD −9%

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ATA IMS Bhd · Fair Value
0.4200 MYR +67%Fair Value
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Cite: Fair Value Calculator (2026). "ATA IMS Bhd Fair Value". https://www.fairvalue-calculator.com/stock/8176

Frequently asked questions

Is ATA IMS Bhd (8176) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.4200 MYR versus a price of 0.1400 MYR, about +200% upside (undervalued).
What is the fair value of 8176?
Our model-based fair value for ATA IMS Bhd is 0.4200 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.1400 MYR.
What is the quality score of 8176?
ATA IMS Bhd has a Quality Score of 66/100. 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 ATA IMS Bhd (8176)?
Our model-based price target is the fair value of 0.4200 MYR (as of Sep 23, 2026) from 11 valuation models. Cautious scenario 0.3203 MYR, optimistic scenario 0.6051 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the ATA IMS Bhd stock forecast for 2026?
Our models put fair value at 0.4200 MYR, about +200% upside versus a price of 0.1400 MYR (undervalued). Cautious scenario 0.3203 MYR, optimistic scenario 0.6051 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of ATA IMS Bhd (8176)?
ATA IMS Bhd reported trailing-twelve-month revenue of about 337M MYR (latest available figure, as of Sep 23, 2026).
What growth is priced into ATA IMS Bhd (8176)?
For today's price to be fair in a discounted-cash-flow model, ATA IMS Bhd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -39.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 8176 use?
Our models discount ATA IMS Bhd at 11.0 %: a base by market capitalisation (nano), damped by beta 1.00, 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 ATA IMS Bhd that is less than minus 40 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has ATA IMS Bhd (8176) delivered so far?
Over the past 5 years revenue at ATA IMS Bhd grew -39.7 % a year. The price currently implies less than minus 40 % 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 ATA IMS Bhd (8176) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into ATA IMS Bhd (less than minus 40 % 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 ATA IMS Bhd (8176)?
The free-cash-flow yield on the price is 18.66 %: that much free cash flow ATA IMS Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ATA IMS Bhd (8176)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ATA IMS Bhd it is 0.4200 MYR per share (as of Sep 23, 2026), against a price of 0.1400 MYR. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is ATA IMS Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 8176 trades below its calculated fair value: price 0.1400 MYR, fair value 0.4200 MYR, a gap of about +200% (undervalued). 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 8176?
No. The price is what the market pays today (0.1400 MYR); the fair value is what the company's own numbers justify (0.4200 MYR). For ATA IMS Bhd the two are 0.2800 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is ATA IMS Bhd worth?
The market values ATA IMS Bhd at about 168M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.1400 MYR; our models calculate a fair value of 0.4200 MYR per share.
What do the bullish and bearish scenarios say about 8176?
Our models span a range for ATA IMS Bhd: cautious scenario 0.3203 MYR, base 0.4200 MYR, optimistic 0.6051 MYR per share (as of Sep 23, 2026, price 0.1400 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ATA IMS Bhd (8176)?
Balance-sheet figures for ATA IMS Bhd (as of Sep 23, 2026): return on equity −1.1%, debt of 0.08 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 8176 from its 52-week high?
ATA IMS Bhd trades at 0.1400 MYR, about 46% below its 52-week high of 0.2600 MYR and 33% above the low of 0.1050 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.4200 MYR is for.
Which stocks are comparable to ATA IMS Bhd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 ATA IMS Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.1400 MYR, calculated fair value 0.4200 MYR (+200%), Quality Score 66/100, from 11 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 8176 calculated?
We run ATA IMS Bhd through 11 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 0.4200 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. ATA IMS Bhd currently trades 200 % below its own fair value, and the market average says nothing about that. 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 ATA IMS Bhd (8176)?
The closing price on Sep 24, 2026 was 0.1400 MYR. Our model-based fair value is 0.4200 MYR, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ATA IMS Bhd right now?
The price is below even our cautious bear case (0.3203 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.3203 MYR to 0.6051 MYR) leaves room in how you read the outcome.

Key figures of ATA IMS Bhd

How large is the market capitalisation of ATA IMS Bhd (8176)?
The market capitalisation of ATA IMS Bhd is 168M MYR (≈ $41.3M). 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 ATA IMS Bhd (8176)?
The price-to-sales ratio of ATA IMS Bhd is 0.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of ATA IMS Bhd (8176)?
The net margin of ATA IMS Bhd is −1.3% (fiscal year 2026). 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 ATA IMS Bhd (8176)?
The return on equity (ROE) of ATA IMS Bhd is −1.1% (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 ATA IMS Bhd (8176)?
On an EBIT basis the return on assets of ATA IMS Bhd is −10.1% (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 ATA IMS Bhd (8176)?
The operating margin of ATA IMS Bhd is −2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ATA IMS Bhd (8176)?
Revenue at ATA IMS Bhd is growing −7.5% versus a year earlier (3y avg −28.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does ATA IMS Bhd (8176) hold?
ATA IMS Bhd holds more cash than debt, 176M MYR net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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