NetX Holdings Bhd (0020) fair value: what the stock is really worth
We calculate from audited financials what NetX Holdings Bhd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 0.0300 MYR – 0.1900 MYR · fair‑value band 0.0338 MYR – 0.0428 MYR · the 0.0500 MYR price screens above the 0.0428 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
NetX Holdings Berhad, an investment holding company, engages in the research and development of software in Malaysia. It operates through Electronic Payment Services and Money Services, Non-electronic Payment Services, Money Lending Services, GEM, Fast Food Chain, and Others segments.
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NetX Holdings Berhad, an investment holding company, engages in the research and development of software in Malaysia. It operates through Electronic Payment Services and Money Services, Non-electronic Payment Services, Money Lending Services, GEM, Fast Food Chain, and Others segments. The company provides payment software licensing, and mobile payment solutions and support services, including its related software and hardware; offers master merchant and sub-contractors' services; sells and rents payments terminal; and provides money services through licensed money changer. It also offers network infrastructure and security management services; provides information technology system design, integration, and installation services; supplies software and hardware; and software and hardware maintenance and support services, as well as trades in all kinds of machinery and equipment. In addition, the company engages in money lending business; events consultation, planning, and management activities; supplying events props and party supplies; venue decoration services; Digital Out-of-Home (DOOH) media advertising solutions; and property investment business. Further, it invests and trades in currencies and precious commodities; offers business consultation services; trading of motor vehicles; supplies and commissions of information technologies related to lifestyle mobile application; manages local entertainments/ lifestyle talents, influencers, and key opinion leaders; operates as advertising contractors, agents and designers; and offers management advisory, fintech travel, computer programming, and document processing services. The company was formerly known as Ariantec Global Berhad and changed its name to NetX Holdings Berhad in October 2013. NetX Holdings Berhad was incorporated in 2000 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
NetX Holdings Bhd (0020) currently trades at 0.0500 MYR, while our model-based Fair Value estimate is 0.0428 MYR, implying the stock looks roughly 16.8% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 0.0338 MYR (bear) to 0.0428 MYR (bull), the price of 0.0500 MYR sits above 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 42/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
NetX Holdings Bhd reported revenue of 8.9M MYR in FY2025 versus 11.7M MYR in FY2021, a compound −6.7%/yr. Reported net income was −15.4M MYR in FY2025.
Key figures
Market cap 51.6M MYR (≈ $12.7M) · P/S ratio 9.37 · EPS (TTM) −0.0200 MYR · Return on equity −25.3% · Return on assets (EBIT) −13.5% · Operating margin −1,168% · Revenue (TTM) 5.0M MYR · Revenue growth (YoY) −94.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 67% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 60% fair-value upside, at −14%, 0020 screens richer than that median.
Fair Value models
Bear 0.0338 MYRFair Value 0.0428 MYRBull 0.0428 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
−27.9%
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.
−13.3%
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.
−9.8%
Revenue growth 11 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.
+8.6%
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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.
−113.4% (2020) → −193.4% (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.Information Technology Services · 475 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−20% · Below median
Profitability
Return on assets−9% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−95% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "NetX Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0020
Frequently asked questions
Is NetX Holdings Bhd (0020) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 0.0428 MYR versus the last price from Sep 15, 2026 of 0.0500 MYR, about −14% upside (overvalued).
What is the fair value of 0020?
Our model-based fair value for NetX Holdings Bhd is 0.0428 MYR (as of Sep 13, 2026), built from audited fundamentals. Last price (from Sep 15, 2026): 0.0500 MYR.
What is the quality score of 0020?
NetX Holdings Bhd has a Quality Score of 42/100. 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 NetX Holdings Bhd (0020)?
Our model-based price target is the fair value of 0.0428 MYR (as of Sep 13, 2026) from 1 valuation models. Cautious scenario 0.0338 MYR, optimistic scenario 0.0428 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the NetX Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0428 MYR, about −14% upside versus the last price from Sep 15, 2026 of 0.0500 MYR (overvalued). Cautious scenario 0.0338 MYR, optimistic scenario 0.0428 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of NetX Holdings Bhd (0020)?
NetX Holdings Bhd reported trailing-twelve-month revenue of about 5.0M MYR (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of NetX Holdings Bhd (0020)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NetX Holdings Bhd it is 0.0428 MYR per share (as of Sep 13, 2026), against a price of 0.0500 MYR. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is NetX Holdings Bhd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 0020 trades above its calculated fair value: price 0.0500 MYR, fair value 0.0428 MYR, a gap of about −14% (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 0020?
No. The price is what the market pays today (0.0500 MYR); the fair value is what the company's own numbers justify (0.0428 MYR). For NetX Holdings Bhd the two are 0.0072 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is NetX Holdings Bhd worth?
The market values NetX Holdings Bhd at about 51.6M MYR (market capitalisation, as of Sep 13, 2026). Per share that is 0.0500 MYR; our models calculate a fair value of 0.0428 MYR per share.
What do the bullish and bearish scenarios say about 0020?
Our models span a range for NetX Holdings Bhd: cautious scenario 0.0338 MYR, base 0.0428 MYR, optimistic 0.0428 MYR per share (as of Sep 13, 2026, price 0.0500 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NetX Holdings Bhd (0020)?
Balance-sheet figures for NetX Holdings Bhd (as of Sep 13, 2026): return on equity −25.3%, debt of 0.12 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 0020 from its 52-week high?
NetX Holdings Bhd trades at 0.0500 MYR, about 33% below its 52-week high of 0.0750 MYR and 67% above the low of 0.0300 MYR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0428 MYR is for.
Which stocks are comparable to NetX Holdings Bhd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 NetX Holdings Bhd stock attractive at the current price?
The data as of Sep 13, 2026: price 0.0500 MYR, calculated fair value 0.0428 MYR (−14%), Quality Score 42/100, from 1 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 0020 calculated?
We run NetX Holdings Bhd through 1 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 0.0428 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 16.2 % above its aggregate fair value. NetX Holdings 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 NetX Holdings Bhd (0020)?
The latest price we hold is from Sep 15, 2026 and stands at 0.0500 MYR. Our model-based fair value is 0.0428 MYR, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NetX Holdings Bhd right now?
The price sits above even our optimistic bull case (0.0428 MYR). The favourable scenario is already priced in. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of NetX Holdings Bhd
How large is the market capitalisation of NetX Holdings Bhd (0020)?
The market capitalisation of NetX Holdings Bhd is 51.6M MYR (≈ $12.7M). 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 NetX Holdings Bhd (0020)?
The price-to-sales ratio of NetX Holdings Bhd is 9.37 (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 NetX Holdings Bhd (0020)?
Earnings per share at NetX Holdings Bhd are −0.0200 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of NetX Holdings Bhd (0020)?
The return on equity (ROE) of NetX Holdings Bhd is −25.3% (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 NetX Holdings Bhd (0020)?
On an EBIT basis the return on assets of NetX Holdings Bhd is −13.5% (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 NetX Holdings Bhd (0020)?
The operating margin of NetX Holdings Bhd is −1,168% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NetX Holdings Bhd (0020)?
Revenue at NetX Holdings Bhd is growing −94.8% versus a year earlier (3y avg −13.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does NetX Holdings Bhd (0020) generate?
The free cash flow of NetX Holdings Bhd is −7.3M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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