Dagang NeXchange Berhad

KLSE:DNEX Stock Report

Market Cap: RM 1.2b

Dagang NeXchange Berhad Valuation

Is DNEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DNEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate DNEX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DNEX's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DNEX?

Key metric: As DNEX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DNEX. This is calculated by dividing DNEX's market cap by their current revenue.
What is DNEX's PS Ratio?
PS Ratio1x
SalesRM 1.28b
Market CapRM 1.16b

Price to Sales Ratio vs Peers

How does DNEX's PS Ratio compare to its peers?

The above table shows the PS ratio for DNEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
OPPSTAR Oppstar Berhad
8.5x14.7%RM 486.9m
D&O D & O Green Technologies Berhad
3.1x14.9%RM 3.5b
UNISEM Unisem (M) Berhad
3.1x7.7%RM 4.7b
MPI Malaysian Pacific Industries Berhad
2.3x5.8%RM 4.9b
DNEX Dagang NeXchange Berhad
1x11.3%RM 1.2b

Price-To-Sales vs Peers: DNEX is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

How does DNEX's PS Ratio compare vs other companies in the MY Semiconductor Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
KESM KESM Industries Berhad
0.7xn/aUS$37.55m
No more companies available in this PS range
DNEX 1.0xIndustry Avg. 3.1xNo. of Companies5PS02.85.68.411.214+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DNEX is good value based on its Price-To-Sales Ratio (1x) compared to the MY Semiconductor industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is DNEX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DNEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: DNEX is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DNEX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.36
RM 0.45
+23.6%
16.9%RM 0.52RM 0.37n/a2
Nov ’25RM 0.35
RM 0.45
+25.4%
16.9%RM 0.52RM 0.37n/a2
Oct ’25RM 0.38
RM 0.45
+18.7%
16.9%RM 0.52RM 0.37n/a2
Sep ’25RM 0.36
RM 0.45
+23.6%
16.9%RM 0.52RM 0.37n/a2
Aug ’25RM 0.42
RM 0.51
+20.2%
14.9%RM 0.58RM 0.43n/a2
Jul ’25RM 0.46
RM 0.51
+11.0%
14.9%RM 0.58RM 0.43n/a2
Jun ’25RM 0.45
RM 0.51
+12.2%
14.9%RM 0.58RM 0.43n/a2
May ’25RM 0.40
RM 0.48
+21.5%
20.8%RM 0.58RM 0.38n/a2
Apr ’25RM 0.34
RM 0.48
+39.1%
20.8%RM 0.58RM 0.38n/a2
Mar ’25RM 0.34
RM 0.48
+39.1%
20.8%RM 0.58RM 0.38n/a2
Feb ’25RM 0.34
RM 0.65
+89.7%
10.1%RM 0.71RM 0.58n/a2
Jan ’25RM 0.40
RM 0.65
+61.3%
10.1%RM 0.71RM 0.58n/a2
Dec ’24RM 0.40
RM 0.65
+61.3%
10.1%RM 0.71RM 0.58n/a2
Nov ’24RM 0.42
RM 0.65
+51.8%
10.1%RM 0.71RM 0.58RM 0.352
Oct ’24RM 0.44
RM 0.65
+47.7%
10.8%RM 0.72RM 0.58RM 0.382
Sep ’24RM 0.47
RM 0.65
+39.8%
10.8%RM 0.72RM 0.58RM 0.362
Aug ’24RM 0.47
RM 0.77
+62.8%
4.6%RM 0.80RM 0.73RM 0.422
Jul ’24RM 0.47
RM 0.77
+61.1%
4.6%RM 0.80RM 0.73RM 0.462
Jun ’24RM 0.45
RM 0.77
+70.0%
4.6%RM 0.80RM 0.73RM 0.452
May ’24RM 0.52
RM 0.90
+73.1%
11.8%RM 1.03RM 0.77RM 0.403
Apr ’24RM 0.60
RM 0.90
+50.0%
11.8%RM 1.03RM 0.77RM 0.343
Mar ’24RM 0.60
RM 0.90
+48.8%
11.8%RM 1.03RM 0.77RM 0.343
Feb ’24RM 0.66
RM 0.90
+37.4%
10.7%RM 1.00RM 0.77RM 0.343
Jan ’24RM 0.51
RM 0.90
+76.5%
10.7%RM 1.00RM 0.77RM 0.403
Dec ’23RM 0.56
RM 0.95
+69.6%
13.8%RM 1.08RM 0.77RM 0.403
Nov ’23RM 0.76
RM 1.62
+113.2%
7.4%RM 1.74RM 1.50RM 0.422

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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