Inari Amertron Berhad

KLSE:INARI Stock Report

Market Cap: RM 11.5b

Inari Amertron Berhad Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: INARI (MYR3.03) is trading above our estimate of fair value (MYR2.02)

Significantly Below Fair Value: INARI is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As INARI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for INARI. This is calculated by dividing INARI's market cap by their current earnings.
What is INARI's PE Ratio?
PE Ratio48x
EarningsRM 239.34m
Market CapRM 11.48b

Price to Earnings Ratio vs Peers

How does INARI's PE Ratio compare to its peers?

The above table shows the PE ratio for INARI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average54.5x
MPI Malaysian Pacific Industries Berhad
28.2x19.3%RM 5.0b
UNISEM Unisem (M) Berhad
58.9x44.1%RM 4.8b
D&O D & O Green Technologies Berhad
51.9x45.5%RM 3.1b
OPPSTAR Oppstar Berhad
78.9x58.7%RM 518.9m
INARI Inari Amertron Berhad
48x18.2%RM 11.5b

Price-To-Earnings vs Peers: INARI is good value based on its Price-To-Earnings Ratio (48x) compared to the peer average (54.5x).

Price to Earnings Ratio vs Industry

How does INARI's PE Ratio compare vs other companies in the Asian Semiconductor Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INARI 48.0xIndustry Avg. 32.7xNo. of Companies80PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INARI is expensive based on its Price-To-Earnings Ratio (48x) compared to the Asian Semiconductor industry average (32.7x).

Price to Earnings Ratio vs Fair Ratio

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

INARI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48x
Fair PE Ratio34.9x

Price-To-Earnings vs Fair Ratio: INARI is expensive based on its Price-To-Earnings Ratio (48x) compared to the estimated Fair Price-To-Earnings Ratio (34.9x).

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 INARI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 3.03
RM 3.27
+7.8%
15.4%RM 4.21RM 2.40n/a21
Dec ’25RM 2.76
RM 3.40
+23.3%
14.2%RM 4.36RM 2.69n/a19
Nov ’25RM 2.86
RM 3.66
+28.0%
14.8%RM 4.78RM 2.80n/a19
Oct ’25RM 3.00
RM 3.71
+23.6%
14.6%RM 4.78RM 2.85n/a19
Sep ’25RM 3.15
RM 3.72
+18.1%
14.2%RM 4.78RM 2.85n/a19
Aug ’25RM 3.78
RM 3.79
+0.2%
14.4%RM 4.78RM 2.85n/a19
Jul ’25RM 3.69
RM 3.66
-0.8%
14.8%RM 4.78RM 2.75n/a18
Jun ’25RM 3.25
RM 3.55
+9.3%
11.8%RM 4.30RM 2.75n/a18
May ’25RM 3.09
RM 3.46
+12.0%
9.0%RM 4.05RM 2.85n/a18
Apr ’25RM 3.17
RM 3.45
+9.0%
9.3%RM 4.05RM 2.80n/a18
Mar ’25RM 3.11
RM 3.45
+10.9%
9.2%RM 4.05RM 2.80n/a18
Feb ’25RM 3.18
RM 3.44
+8.2%
10.6%RM 4.17RM 2.60n/a18
Jan ’25RM 3.01
RM 3.40
+13.0%
10.9%RM 4.17RM 2.60n/a18
Dec ’24RM 2.89
RM 3.33
+15.1%
13.3%RM 4.17RM 2.25RM 2.7619
Nov ’24RM 2.82
RM 3.38
+19.7%
13.9%RM 4.17RM 2.25RM 2.8619
Oct ’24RM 2.90
RM 3.35
+15.6%
14.8%RM 4.17RM 2.25RM 3.0019
Sep ’24RM 3.15
RM 3.29
+4.4%
15.4%RM 4.17RM 2.25RM 3.1520
Aug ’24RM 3.05
RM 2.83
-7.2%
13.5%RM 3.80RM 2.25RM 3.7820
Jul ’24RM 2.74
RM 2.83
+3.3%
13.5%RM 3.80RM 2.25RM 3.6920
Jun ’24RM 2.48
RM 2.80
+12.9%
14.0%RM 3.80RM 2.25RM 3.2520
May ’24RM 2.30
RM 3.01
+30.9%
15.0%RM 3.80RM 2.48RM 3.0920
Apr ’24RM 2.46
RM 3.01
+22.4%
15.0%RM 3.80RM 2.48RM 3.1720
Mar ’24RM 2.42
RM 3.01
+24.4%
15.0%RM 3.80RM 2.48RM 3.1120
Feb ’24RM 2.59
RM 3.10
+19.9%
15.4%RM 4.20RM 2.48RM 3.1820
Jan ’24RM 2.61
RM 3.13
+19.9%
14.9%RM 4.20RM 2.48RM 3.0120
Dec ’23RM 2.82
RM 3.13
+11.0%
15.2%RM 4.20RM 2.48RM 2.8920

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 17:31
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Inari Amertron Berhad is covered by 28 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin LowAffin Hwang Investment Bank
Jia Hui TanAmInvestment Bank Berhad
null nullBIMB Securities Sdn. Bhd