Company Valuation: VSTECS

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 442.7 417.2 470.7 1,440 1,444 1,818 - -
Change - -5.76% 12.82% 206.06% 0.25% 25.93% - -
Enterprise Value (EV) 442.7 417.2 470.7 1,440 1,444 1,818 1,818 1,818
Change - -5.76% 12.82% 206.06% 0.25% 25.93% 0% 0%
P/E 8.05x 7.01x 6.98x 20.4x 14.7x 16x 13.9x 11.8x
PBR - 1.02x 1.03x 2.87x 2.52x 2.81x 2.46x 2.13x
PEG - 0.83x 0.5x 4.28x 0.4x 1x 0.9x 0.7x
Capitalization / Revenue - 0.15x 0.17x 0.5x 0.4x 0.42x 0.35x 0.29x
EV / Revenue - 0x 0x 0x 0x 0.42x 0.35x 0.29x
EV / EBITDA - 0x 0x 0x 0x 12.4x 10.7x 8.94x
EV / EBIT - 0x 0x 0x 0x 12.5x 10.7x 8.92x
EV / FCF - - - - -0x 52x 42.3x -
FCF Yield - - - - -1.49% 1.92% 2.36% -
Dividend per Share 2 - 0.0207 0.022 - 0.0227 0.039 0.0465 0.054
Rate of return - 5.3% 5% - 1.68% 2.29% 2.74% 3.18%
EPS 2 0.0513 0.0557 0.063 0.066 0.0917 0.1063 0.122 0.144
Distribution rate - 37.1% 34.9% - 24.7% 36.7% 38.1% 37.5%
Net sales 1 - 2,771 2,727 2,902 3,597 4,343 5,169 6,290
EBITDA 1 - 79.51 82.42 89.95 124.1 146.6 170.1 203.4
EBIT 1 - 76.61 79.28 86.53 119.7 145.9 170.4 203.9
Net income 1 54.99 59.68 67.43 70.57 98.18 113.7 130.8 154.3
Net Debt - - - - - - - -
Reference price 2 0.413 0.390 0.440 1.347 1.350 1.700 1.700 1.700
Nbr of stocks (in thousands) 10,71,004 10,69,666 10,69,666 10,69,666 10,69,666 10,69,666 - -
Announcement Date 22/02/22 21/02/23 27/02/24 26/02/25 27/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.99x - - 2.29% 45Cr
26.5x1.8x16.16x0.55% 29TCr
24.17x9.74x17.55x0.36% 19TCr
23.35x1.86x9.63x1.08% 6.93TCr
16.29x0.42x7.51x1.96% 4.74TCr
41.17x25.28x31.31x1.08% 4.3TCr
33.65x5.72x19.81x1.29% 4.17TCr
12.31x0.55x6.65x3.93% 2.75TCr
12.34x0.65x9.75x5.38% 2.26TCr
29.55x3.06x19.71x2.49% 2.28TCr
Average 23.53x 5.45x 15.34x 2.04% 7.58TCr
Weighted average by Cap. 25.37x 5.20x 16.00x 1.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield