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VITR

ViTrox Corporation BerhadKLSE:VITROX Stock Report

Market Cap

RM9.4b

7D

6.7%

1Y

58.7%

Updated

23 Sep, 2021

Data

Company Financials +
VITROX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance6/6
Financial Health6/6
Dividends0/6

VITROX Overview

ViTrox Corporation Berhad, an investment holding company, designs, develops, manufactures, and sells automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries.

Rewards

Earnings are forecast to grow 16.54% per year

Earnings grew by 89% over the past year

Risk Analysis

No risks detected for VITROX from our risk checks.

ViTrox Corporation Berhad Competitors

Elsoft Research Berhad

KLSE:ELSOFT

RM606.3m

Visdynamics Holdings Berhad

KLSE:VIS

RM184.9m

Malaysian Pacific Industries Berhad

KLSE:MPI

RM9.1b

Globetronics Technology Bhd

KLSE:GTRONIC

RM1.4b

Price History & Performance

Summary of all time highs, changes and price drops for ViTrox Corporation Berhad
Historical stock prices
Current Share PriceRM20.00
52 Week HighRM12.20
52 Week LowRM20.78
Beta0.72
1 Month Change4.28%
3 Month Change33.69%
1 Year Change58.73%
3 Year Change156.41%
5 Year Change963.83%
Change since IPO14,714.82%

Recent News & Updates

Sep 21
Do ViTrox Corporation Berhad's (KLSE:VITROX) Earnings Warrant Your Attention?

Do ViTrox Corporation Berhad's (KLSE:VITROX) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Jul 27
Analysts Just Made A Significant Upgrade To Their ViTrox Corporation Berhad (KLSE:VITROX) Forecasts

Analysts Just Made A Significant Upgrade To Their ViTrox Corporation Berhad (KLSE:VITROX) Forecasts

ViTrox Corporation Berhad ( KLSE:VITROX ) shareholders will have a reason to smile today, with the analysts making...

Jul 20
Should You Investigate ViTrox Corporation Berhad (KLSE:VITROX) At RM16.68?

Should You Investigate ViTrox Corporation Berhad (KLSE:VITROX) At RM16.68?

ViTrox Corporation Berhad ( KLSE:VITROX ), is not the largest company out there, but it saw a decent share price growth...

Shareholder Returns

VITROXMY SemiconductorMY Market
7D6.7%3.7%-0.7%
1Y58.7%112.0%6.2%

Return vs Industry: VITROX underperformed the MY Semiconductor industry which returned 110% over the past year.

Return vs Market: VITROX exceeded the MY Market which returned 6.1% over the past year.

Price Volatility

Is VITROX's price volatile compared to industry and market?
VITROX volatility
VITROX Beta0.72
Industry Beta1.13
Market Beta1

Stable Share Price: VITROX is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: VITROX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000742Jenn Chuhttps://www.vitrox.com

ViTrox Corporation Berhad, an investment holding company, designs, develops, manufactures, and sells automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries. The company offers tray-based vision handlers for final inspection on various IC packages handled in tray; post seal vision inspection handlers for reel to reel inspection; wafer vision inspection handlers that offers advanced solution for 2D surface defect inspections, measurements, and multiple handling mechanisms; 3D and line scan vision inspection systems; automated vision inspection systems; and digital automated vision inspection equipment and modules. It also provides printed circuit board SMT assembly products, including advanced 3D solder paste, advanced optical, and advanced 3D X-ray inspection systems, as well as advanced robotic vision systems; and electronics communication systems.

ViTrox Corporation Berhad Fundamentals Summary

How do ViTrox Corporation Berhad's earnings and revenue compare to its market cap?
VITROX fundamental statistics
Market CapRM9.44b
Earnings (TTM)RM142.97m
Revenue (TTM)RM609.62m

66.1x

P/E Ratio

15.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VITROX income statement (TTM)
RevenueRM609.62m
Cost of RevenueRM281.12m
Gross ProfitRM328.50m
ExpensesRM185.53m
EarningsRM142.97m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin53.89%
Net Profit Margin23.45%
Debt/Equity Ratio6.1%

How did VITROX perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is ViTrox Corporation Berhad undervalued compared to its fair value and its price relative to the market?

66.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VITROX (MYR20) is trading above our estimate of fair value (MYR6.41)

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


Price To Earnings Ratio

PE vs Industry: VITROX is poor value based on its PE Ratio (66.1x) compared to the MY Semiconductor industry average (65.7x).

PE vs Market: VITROX is poor value based on its PE Ratio (66.1x) compared to the MY market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: VITROX is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: VITROX is overvalued based on its PB Ratio (14.9x) compared to the MY Semiconductor industry average (5x).


Future Growth

How is ViTrox Corporation Berhad forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VITROX's forecast earnings growth (16.5% per year) is above the savings rate (3.6%).

Earnings vs Market: VITROX's earnings (16.5% per year) are forecast to grow faster than the MY market (10.6% per year).

High Growth Earnings: VITROX's earnings are forecast to grow, but not significantly.

Revenue vs Market: VITROX's revenue (13.1% per year) is forecast to grow faster than the MY market (6.5% per year).

High Growth Revenue: VITROX's revenue (13.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VITROX's Return on Equity is forecast to be high in 3 years time (24.5%)


Past Performance

How has ViTrox Corporation Berhad performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VITROX has high quality earnings.

Growing Profit Margin: VITROX's current net profit margins (23.5%) are higher than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: VITROX's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: VITROX's earnings growth over the past year (89%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: VITROX earnings growth over the past year (89%) exceeded the Semiconductor industry 83.3%.


Return on Equity

High ROE: VITROX's Return on Equity (22.6%) is considered high.


Financial Health

How is ViTrox Corporation Berhad's financial position?


Financial Position Analysis

Short Term Liabilities: VITROX's short term assets (MYR684.5M) exceed its short term liabilities (MYR212.4M).

Long Term Liabilities: VITROX's short term assets (MYR684.5M) exceed its long term liabilities (MYR34.1M).


Debt to Equity History and Analysis

Debt Level: VITROX's debt to equity ratio (6.1%) is considered satisfactory.

Reducing Debt: VITROX's debt to equity ratio has reduced from 8.4% to 6.1% over the past 5 years.

Debt Coverage: VITROX's debt is well covered by operating cash flow (213.7%).

Interest Coverage: VITROX earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ViTrox Corporation Berhad current dividend yield, its reliability and sustainability?

0.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VITROX's dividend (0.28%) isn’t notable compared to the bottom 25% of dividend payers in the MY market (1.55%).

High Dividend: VITROX's dividend (0.28%) is low compared to the top 25% of dividend payers in the MY market (4.23%).


Stability and Growth of Payments

Stable Dividend: VITROX is not paying a notable dividend for the MY market, therefore no need to check if payments are stable.

Growing Dividend: VITROX is not paying a notable dividend for the MY market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: VITROX is not paying a notable dividend for the MY market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VITROX's dividend in 3 years as they are not forecast to pay a notable one for the MY market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.9yrs

Average management tenure


CEO

Jenn Chu (51 yo)

10.17yrs

Tenure

RM399,602

Compensation

Mr. Jenn Weng Chu has been Chief Executive Officer and President of Vitrox Corporation Berhad since July 1, 2011. Mr. Chu serves as Managing Director of Vitrox Corporation Berhad. He leads the technical te...


CEO Compensation Analysis

Compensation vs Market: Jenn's total compensation ($USD95.34K) is below average for companies of similar size in the MY market ($USD517.31K).

Compensation vs Earnings: Jenn's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: VITROX's management team is seasoned and experienced (10.9 years average tenure).


Board Members

Experienced Board: VITROX's board of directors are seasoned and experienced ( 16.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ViTrox Corporation Berhad's employee growth, exchange listings and data sources


Key Information

  • Name: ViTrox Corporation Berhad
  • Ticker: VITROX
  • Exchange: KLSE
  • Founded: 2000
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: RM9.444b
  • Shares outstanding: 472.21m
  • Website: https://www.vitrox.com

Number of Employees


Location

  • ViTrox Corporation Berhad
  • 746, Persiaran Cassia Selatan 3
  • Batu Kawan Industrial Park
  • Simpang Ampat
  • Pulau Pinang
  • 14110
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 15:59
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.