Take Care Before Jumping Onto V.S. Industry Berhad (KLSE:VS) Even Though It's 26% Cheaper
Apr 07
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Malaysian (KLSE) Electronic Manufacturing Services Industry Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies9
- 7D9.1%
- 3M-33.9%
- 1Y-20.8%
- YTDn/a
Over the last 7 days, the Electronic Manufacturing Services industry has dropped 4.5%, driven by a pullback from V.S. Industry Berhad of 6.9%. The industry has fallen 24% in the last year. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Malaysian Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | RM 9.2b | RM 11.6b | RM 314.2m | 16.2x | 29.2x | 0.8x |
| Thu, 13 Mar 2025 | RM 9.7b | RM 11.6b | RM 318.1m | 16.6x | 30.6x | 0.8x |
| Sat, 08 Feb 2025 | RM 13.0b | RM 8.7b | RM 313.7m | 27.9x | 41.5x | 1.5x |
| Mon, 06 Jan 2025 | RM 14.8b | RM 8.7b | RM 313.7m | 30.4x | 47.2x | 1.7x |
| Wed, 04 Dec 2024 | RM 13.7b | RM 8.7b | RM 334.0m | 25.7x | 40.9x | 1.6x |
| Fri, 01 Nov 2024 | RM 12.6b | RM 7.6b | RM 367.1m | 18.3x | 34.4x | 1.7x |
| Sun, 29 Sep 2024 | RM 12.1b | RM 7.6b | RM 367.1m | 18.7x | 33.1x | 1.6x |
| Tue, 27 Aug 2024 | RM 12.7b | RM 7.0b | RM 312.2m | 20.5x | 40.6x | 1.8x |
| Thu, 25 Jul 2024 | RM 16.0b | RM 7.6b | RM 373.5m | 24.1x | 43x | 2.1x |
| Sat, 22 Jun 2024 | RM 15.9b | RM 7.6b | RM 373.5m | 24.9x | 42.5x | 2.1x |
| Mon, 20 May 2024 | RM 13.7b | RM 7.4b | RM 303.6m | 23.7x | 45.1x | 1.9x |
| Wed, 17 Apr 2024 | RM 11.9b | RM 7.4b | RM 303.7m | 19.7x | 39.1x | 1.6x |
| Fri, 15 Mar 2024 | RM 10.9b | RM 7.6b | RM 307.4m | 19.9x | 35.4x | 1.4x |
| Sun, 11 Feb 2024 | RM 11.1b | RM 7.7b | RM 191.3m | 20.8x | 58x | 1.4x |
| Tue, 09 Jan 2024 | RM 11.7b | RM 7.7b | RM 191.3m | 20.8x | 61.3x | 1.5x |
| Thu, 07 Dec 2023 | RM 11.6b | RM 7.8b | RM 200.7m | 20.9x | 58x | 1.5x |
| Sat, 04 Nov 2023 | RM 11.1b | RM 8.0b | RM 212.2m | 19.2x | 52.3x | 1.4x |
| Mon, 02 Oct 2023 | RM 11.8b | RM 8.0b | RM 212.2m | 21.3x | 55.8x | 1.5x |
| Wed, 30 Aug 2023 | RM 11.8b | RM 8.1b | RM 176.5m | 23.8x | 66.7x | 1.4x |
| Fri, 28 Jul 2023 | RM 11.6b | RM 8.2b | RM 203.7m | 22.4x | 56.7x | 1.4x |
| Sun, 25 Jun 2023 | RM 11.1b | RM 8.2b | RM 198.0m | 22.4x | 55.9x | 1.4x |
| Tue, 23 May 2023 | RM 10.6b | RM 8.5b | RM 279.4m | 20.5x | 37.9x | 1.3x |
| Thu, 20 Apr 2023 | RM 11.4b | RM 8.5b | RM 279.4m | 20.7x | 40.8x | 1.3x |
| Sat, 18 Mar 2023 | RM 11.0b | RM 8.3b | RM 284.0m | 21.7x | 38.9x | 1.3x |
| Mon, 13 Feb 2023 | RM 10.2b | RM 8.2b | RM 394.9m | 20.6x | 25.9x | 1.2x |
| Wed, 11 Jan 2023 | RM 6.7b | RM 7.4b | RM 326.4m | 15.8x | 20.6x | 0.9x |
| Fri, 09 Dec 2022 | RM 6.7b | RM 6.9b | RM 293.4m | 17.3x | 22.8x | 1x |
| Sun, 06 Nov 2022 | RM 6.0b | RM 7.2b | RM 268.2m | 13.9x | 22.2x | 0.8x |
| Tue, 04 Oct 2022 | RM 6.5b | RM 7.2b | RM 268.2m | 13.4x | 24.3x | 0.9x |
| Thu, 01 Sep 2022 | RM 6.7b | RM 7.1b | RM 275.2m | 14.1x | 24.4x | 0.9x |
| Sat, 30 Jul 2022 | RM 6.6b | RM 7.6b | RM 302.7m | 14x | 21.7x | 0.9x |
| Mon, 27 Jun 2022 | RM 6.6b | RM 7.6b | RM 303.3m | 14x | 21.6x | 0.9x |
| Wed, 25 May 2022 | RM 6.7b | RM 8.5b | RM 386.7m | 14.8x | 17.2x | 0.8x |
| Fri, 22 Apr 2022 | RM 17.6b | RM 9.9b | RM 758.1m | 15.2x | 23.3x | 1.8x |
Price to Earnings Ratio
23.3x
Current Industry PE
- Investors are pessimistic on the Malaysian Electronic Manufacturing Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.8x which is lower than its 3-year average PE of 38.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.78x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have declined 25% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Malaysian Electronic Manufacturing Services compare with similar industries?
| MY Market | 3.46% | |
| Tech | 9.70% | |
| Electronic Equipment and Components | 9.75% | |
| Electronic Manufacturing Services | 9.06% | |
| Electronic Components | 15.05% | |
| Electronic Equipment and Instruments | 10.56% | |
| Technology Distributors | 6.23% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NATGATE NationGate Holdings Berhad | RM 1.25 | 16.8% +RM 409.8m | -21.9% | PE17.8x | |
| VS V.S. Industry Berhad | RM 0.76 | 10.9% +RM 288.3m | -10.6% | PE16.2x | |
| UCHITEC Uchi Technologies Berhad | RM 3.04 | 5.9% +RM 78.4m | -20.6% | PE12.3x | |
| ATAIMS ATA IMS Berhad | RM 0.25 | 13.6% +RM 36.1m | -7.4% | PS1.1x | |
| SALUTE Salutica Berhad | RM 0.20 | 14.3% +RM 10.6m | -74.4% | PS2.5x |