Prolexus Bhd (8966) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Prolexus Bhd MYR 0.06, price MYR 0.06, upside -3.3%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Techbase Industries Berhad, an investment holding company, operates in apparel business in Malaysia, the United States, Europe, Asia, and internationally. The company operates through four segments: Apparels, Textile, Advertising, and Others.
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Techbase Industries Berhad, an investment holding company, operates in apparel business in Malaysia, the United States, Europe, Asia, and internationally. The company operates through four segments: Apparels, Textile, Advertising, and Others. It offers outerwear, tops and bottoms, and children and adult wear for running, training, performance sport, casual sportswear, gym, and yoga, as well as fabric face masks. It also manufactures fabrics, such as single and double knit, semi-jacquard, and digital knit fabrics. In addition, it offers property investment, agency, and management services, as well as advertising services on multimedia boards. Further, the company involved in the e-commerce sale of casual wear and sportswear apparels. The company was formerly known as Prolexus Berhad and changed its name to Techbase Industries Berhad in October 2023. Techbase Industries Berhad was incorporated in 1992 and is based in Kluang, Malaysia.
Stock analysis
Prolexus Bhd (8966) currently trades at 0.0600 MYR, while our model-based Fair Value estimate is 0.0580 MYR, implying the stock looks roughly 3.4% fairly valued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 0.4600 MYR per share, and 6 of the 6 models we run sit above the 0.0600 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.4600 MYR, and 0 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0530 MYR (bear) to 0.0664 MYR (bull), the price of 0.0600 MYR sits inside 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 37/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Prolexus Bhd reported revenue of 183M MYR in FY2024 versus 341M MYR in FY2020, a compound −14.4%/yr. Reported net income was −29.4M MYR in FY2024.
Key figures
Market cap 18.0M MYR (≈ $4.4M) · P/S ratio 0.10 · EPS (TTM) −0.2900 MYR · Net margin −16.1% · Return on equity −30.9% · Return on assets (EBIT) 2.8% · Operating margin −6.4% · Revenue (TTM) 189M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at −3%, 8966 screens richer than that median.
Fair Value models
Bear 0.0530 MYRFair Value 0.0580 MYRBull 0.0664 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.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.0%
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.
−7.0%
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.
−12.8%
Revenue growth 12 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.
−0.3%
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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.
4.7% (2019) → −15.6% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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.Apparel Manufacturing · 228 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−3% · Below median
Profitability
Return on assets−15% · Bottom 25%
Net margin (TTM)−47% · Bottom 25%
Operating margin (TTM)−6% · Bottom 25%
Growth and dividend
Revenue growth−14% · Bottom 25%
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Prolexus Bhd Fair Value". https://www.fairvalue-calculator.com/stock/8966
Frequently asked questions
Is Prolexus Bhd (8966) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.0580 MYR versus a price of 0.0600 MYR, about −3% upside (fairly valued).
What is the fair value of 8966?
Our model-based fair value for Prolexus Bhd is 0.0580 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.0600 MYR.
What is the quality score of 8966?
Prolexus Bhd has a Quality Score of 37/100. 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 Prolexus Bhd (8966)?
Our model-based price target is the fair value of 0.0580 MYR (as of Sep 23, 2026) from 6 valuation models. Cautious scenario 0.0530 MYR, optimistic scenario 0.0664 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Prolexus Bhd stock forecast for 2026?
Our models put fair value at 0.0580 MYR, about −3% upside versus a price of 0.0600 MYR (fairly valued). Cautious scenario 0.0530 MYR, optimistic scenario 0.0664 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Prolexus Bhd (8966)?
Prolexus Bhd reported trailing-twelve-month revenue of about 189M MYR (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Prolexus Bhd (8966)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Prolexus Bhd it is 0.0580 MYR per share (as of Sep 23, 2026), against a price of 0.0600 MYR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Prolexus Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 8966 trades above its calculated fair value: price 0.0600 MYR, fair value 0.0580 MYR, a gap of about −3% (fairly valued). 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 8966?
No. The price is what the market pays today (0.0600 MYR); the fair value is what the company's own numbers justify (0.0580 MYR). For Prolexus Bhd the two are 0.0020 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Prolexus Bhd worth?
The market values Prolexus Bhd at about 18.0M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.0600 MYR; our models calculate a fair value of 0.0580 MYR per share.
What do the bullish and bearish scenarios say about 8966?
Our models span a range for Prolexus Bhd: cautious scenario 0.0530 MYR, base 0.0580 MYR, optimistic 0.0664 MYR per share (as of Sep 23, 2026, price 0.0600 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Prolexus Bhd (8966)?
Balance-sheet figures for Prolexus Bhd (as of Sep 23, 2026): return on equity −30.9%, debt of 0.09 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 8966 from its 52-week high?
Prolexus Bhd trades at 0.0600 MYR, about 52% below its 52-week high of 0.1250 MYR and 20% above the low of 0.0500 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0580 MYR is for.
Which stocks are comparable to Prolexus Bhd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP SA, 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 Prolexus Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.0600 MYR, calculated fair value 0.0580 MYR (−3%), Quality Score 37/100, 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 8966 calculated?
We run Prolexus 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 0.0580 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 14.0 % above its aggregate fair value. Prolexus 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 Prolexus Bhd (8966)?
The closing price on Sep 24, 2026 was 0.0600 MYR. Our model-based fair value is 0.0580 MYR, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Prolexus Bhd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Prolexus Bhd
How large is the market capitalisation of Prolexus Bhd (8966)?
The market capitalisation of Prolexus Bhd is 18.0M MYR (≈ $4.4M). 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 Prolexus Bhd (8966)?
The price-to-sales ratio of Prolexus Bhd is 0.10 (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 Prolexus Bhd (8966)?
Earnings per share at Prolexus Bhd are −0.2900 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Prolexus Bhd (8966)?
The net margin of Prolexus Bhd is −16.1% (fiscal year 2024). 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 Prolexus Bhd (8966)?
The return on equity (ROE) of Prolexus Bhd is −30.9% (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 Prolexus Bhd (8966)?
On an EBIT basis the return on assets of Prolexus Bhd is 2.8% (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 Prolexus Bhd (8966)?
The operating margin of Prolexus Bhd is −6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Prolexus Bhd (8966)?
Revenue at Prolexus Bhd is growing −13.6% versus a year earlier (3y avg −7.0%). 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 Prolexus Bhd (8966)?
Earnings per share at Prolexus Bhd are growing −55.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Prolexus Bhd (8966) generate?
The free cash flow of Prolexus Bhd is −14.5M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Prolexus Bhd (8966) carry?
The net debt of Prolexus Bhd is 2.9M MYR (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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