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 1,786 - -
Change - -5.76% 12.82% 206.06% 0.25% 23.7% - -
Enterprise Value (EV) 442.7 417.2 470.7 1,440 1,444 1,786 1,786 1,786
Change - -5.76% 12.82% 206.06% 0.25% 23.7% 0% 0%
P/E 8.05x 7.01x 6.98x 20.4x 14.7x 15.7x 13.7x 11.6x
PBR - 1.02x 1.03x 2.87x 2.52x 2.76x 2.42x 2.09x
PEG - 0.83x 0.5x 4.28x 0.4x 1x 0.9x 0.6x
Capitalization / Revenue - 0.15x 0.17x 0.5x 0.4x 0.41x 0.35x 0.28x
EV / Revenue - 0x 0x 0x 0x 0.41x 0.35x 0.28x
EV / EBITDA - 0x 0x 0x 0x 12.2x 10.5x 8.78x
EV / EBIT - 0x 0x 0x 0x 12.2x 10.5x 8.76x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.0207 0.022 - 0.0227 0.039 0.0465 0.054
Rate of return - 5.3% 5% - 1.68% 2.34% 2.78% 3.23%
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 1.670 1.670 1.670
Nbr of stocks (in thousands) 1,071,004 1,069,666 1,069,666 1,069,666 1,069,666 1,069,666 - -
Announcement Date 2/22/22 2/21/23 2/27/24 2/26/25 2/27/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.99x - - 2.29% 452M
26.46x1.8x16.14x0.55% 295B
24.13x9.73x17.52x0.36% 188B
23.34x1.86x9.65x1.08% 69.18B
16.34x0.42x7.53x1.96% 47.54B
40.83x25.07x31.04x1.09% 42.61B
33.97x5.84x20.22x1.26% 42.4B
12.1x0.54x6.57x4% 27.07B
28.39x2.93x18.88x2.59% 21.82B
12.77x0.68x10.12x5.2% 23.4B
Average 23.43x 5.43x 15.30x 2.04% 75.69B
Weighted average by Cap. 25.30x 5.18x 15.97x 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