Company Valuation: Notion VTec

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 532.1 296.5 159.9 167.6 482.9 328.7
Change - -44.27% -46.09% 4.87% 188.03% -31.92%
Enterprise Value (EV) 1 513.6 343.2 196.3 154.3 449.8 337.5
Change - -33.17% -42.81% -21.41% 191.54% -24.96%
P/E 86x -37.8x 17x -3.72x 11.3x 20x
PBR 1.25x 0.71x 0.38x 0.44x 1.15x 0.76x
PEG - 0x -0x 0x -0x -0.3x
Capitalization / Revenue 2.19x 0.84x 0.48x 0.49x 0.99x 0.67x
EV / Revenue 2.12x 0.97x 0.59x 0.45x 0.92x 0.69x
EV / EBITDA 91.6x 41.9x 53.6x -6.76x 6x 6.5x
EV / EBIT -23x -15.4x -7.09x -2.95x 8.71x 12.2x
EV / FCF 149x -5.1x -5.17x 4.86x 30.2x -24.7x
FCF Yield 0.67% -19.6% -19.4% 20.6% 3.31% -4.05%
Dividend per Share 2 - - - - 0.02 -
Rate of return - - - - 2.17% -
EPS 2 0.0121 -0.0152 0.0182 -0.0873 0.0814 0.0312
Distribution rate - - - - 24.6% -
Net sales 1 242.7 352.9 334.1 345.3 488 487.6
EBITDA 1 5.608 8.201 3.663 -22.83 74.91 51.94
EBIT 1 -22.35 -22.3 -27.68 -52.22 51.66 27.77
Net income 1 6.323 -7.81 9.379 -45.02 42.75 17.11
Net Debt 1 -18.44 46.73 36.44 -13.37 -33.1 8.773
Reference price 2 1.0400 0.5750 0.3100 0.3250 0.9200 0.6250
Nbr of stocks (in thousands) 5,11,598 5,15,682 5,15,682 5,15,829 5,24,864 5,25,990
Announcement Date 29/01/21 28/01/22 30/01/23 26/01/24 17/01/25 23/01/26
1MYR in Million2MYR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.85Cr
31.56x14.92x24.2x-.--% 30TCr
34.45x15.93x40x0.08% 21TCr
21.9x3.9x12.05x1.34% 3.06TCr
82.21x5.25x23.19x-.--% 2.56TCr
18.21x - - - 2.09TCr
6.08x1.98x3.78x8.4% 476.06Cr
Average 32.40x 8.40x 20.64x 1.96% 8.42TCr
Weighted average by Cap. 33.59x 14.15x 29.06x 0.17%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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