Flexiroam Ltd (FRX) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Flexiroam Ltd A$0.02, price A$0.02, upside -36.3%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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FlexiRoam Limited engages in the telecommunications and Internet of Things (IoT) connectivity business worldwide. It operates through Travel and Business-to-Business segments. The company supplies eSIM and physical SIM based data solutions; and local data, regional data, global data, voice and text, and inflight data plans.
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FlexiRoam Limited engages in the telecommunications and Internet of Things (IoT) connectivity business worldwide. It operates through Travel and Business-to-Business segments. The company supplies eSIM and physical SIM based data solutions; and local data, regional data, global data, voice and text, and inflight data plans. It also provides distribution, white label, and wholesale partner programs, as well as corporate solutions for businesses. The company was formerly known as Flexiroam Sdn Bhd and changed its name to FlexiRoam Limited in April 2015. FlexiRoam Limited was founded in 2011 and is based in Petaling Jaya, Malaysia.
Stock analysis
Flexiroam Ltd (FRX) currently trades at A$0.0240, while our model-based Fair Value estimate is A$0.0153, implying the stock looks roughly 56.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 3 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Flexiroam Ltd reported revenue of A$13.6M in FY2025 versus A$2.5M in FY2021, a compound +52.4%/yr. Reported net income was −A$2.0M in FY2025.
Key figures
Market cap A$31.9M (≈ $22.3M) · P/S ratio 2.67 · Net margin −14.7% · Return on equity 114% · Return on assets (EBIT) −44.8% · Operating margin 25.9% · Revenue (TTM) A$11.9M · Revenue growth (YoY) −21.7%.
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 4% below its 52-week high and 243% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −36%, FRX screens richer than that median.
Fair Value models
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.55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−11.1%
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.
+54.7%
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.
+11.1%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
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.
+33.9%
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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.
−16.1% (2020) → −14.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 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.Telecom Services · 249 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−36% · Bottom 25%
Profitability
Return on equity (TTM)114% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)26% · Top 25%
Growth and dividend
Revenue growth−22% · Bottom 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/B8.98× · Priciest 25%
P/S (TTM)1.87× · Pricier than median
EV/EBITDA7.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)0· sector 16
PAST (return on equity)100· sector 29
HEALTH (low debt)100· sector 83
DIVIDEND (yield)0· sector 76
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Flexiroam Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FRX
Frequently asked questions
Is Flexiroam Ltd (FRX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0153 versus a price of A$0.0240, about −36% upside (overvalued).
What is the fair value of FRX?
Our model-based fair value for Flexiroam Ltd is A$0.0153 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0240.
What is the quality score of FRX?
Flexiroam Ltd has a Quality Score of 34/100. 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 Flexiroam Ltd (FRX)?
Our model-based price target is the fair value of A$0.0153 (as of Sep 23, 2026) from 2 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Flexiroam Ltd stock forecast for 2026?
Our models put fair value at A$0.0153, about −36% upside versus a price of A$0.0240 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Flexiroam Ltd (FRX)?
Flexiroam Ltd reported trailing-twelve-month revenue of about A$11.9M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Flexiroam Ltd (FRX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Flexiroam Ltd it is A$0.0153 per share (as of Sep 23, 2026), against a price of A$0.0240. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Flexiroam Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, FRX trades above its calculated fair value: price A$0.0240, fair value A$0.0153, a gap of about −36% (overvalued). 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 FRX?
No. The price is what the market pays today (A$0.0240); the fair value is what the company's own numbers justify (A$0.0153). For Flexiroam Ltd the two are A$0.0087 per share apart. That gap is exactly why we show both numbers side by side.
How much is Flexiroam Ltd worth?
The market values Flexiroam Ltd at about A$31.9M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0240; our models calculate a fair value of A$0.0153 per share.
How solid is the balance sheet of Flexiroam Ltd (FRX)?
Balance-sheet figures for Flexiroam Ltd (as of Sep 23, 2026): return on equity 114.0%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is FRX from its 52-week high?
Flexiroam Ltd trades at A$0.0240, about 4% below its 52-week high of A$0.0250 and 243% above the low of A$0.0070 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0153 is for.
Which stocks are comparable to Flexiroam Ltd?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 Flexiroam Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0240, calculated fair value A$0.0153 (−36%), Quality Score 34/100, from 2 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 FRX calculated?
We run Flexiroam Ltd through 2 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 A$0.0153, 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. Flexiroam Ltd 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 Flexiroam Ltd (FRX)?
The closing price on Sep 24, 2026 was A$0.0240. Our model-based fair value is A$0.0153, about −36% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Flexiroam Ltd right now?
Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Flexiroam Ltd
How large is the market capitalisation of Flexiroam Ltd (FRX)?
The market capitalisation of Flexiroam Ltd is A$31.9M (≈ $22.3M). 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 Flexiroam Ltd (FRX)?
The price-to-sales ratio of Flexiroam Ltd is 2.67 (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 Flexiroam Ltd (FRX)?
The net margin of Flexiroam Ltd is −14.7% (fiscal year 2025). 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 Flexiroam Ltd (FRX)?
The return on equity (ROE) of Flexiroam Ltd is 114% (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 Flexiroam Ltd (FRX)?
On an EBIT basis the return on assets of Flexiroam Ltd is −44.8% (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 Flexiroam Ltd (FRX)?
The operating margin of Flexiroam Ltd is 25.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Flexiroam Ltd (FRX)?
Revenue at Flexiroam Ltd is growing −21.7% versus a year earlier (3y avg +54.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Flexiroam Ltd (FRX) generate?
The free cash flow of Flexiroam Ltd is −A$3.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Flexiroam Ltd (FRX) hold?
Flexiroam Ltd holds more cash than debt, A$800K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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