Notion VTec Berhad Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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 NOTION when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NOTION (MYR1.06) is trading below our estimate of fair value (MYR2.94)

Significantly Below Fair Value: NOTION is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NOTION. This is calculated by dividing NOTION's market cap by their current earnings.
What is NOTION's PE Ratio?
PE Ratio	81.8x
Earnings	RM 6.80m
Market Cap	RM 556.36m

NOTION key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	17.4x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NOTION vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	67.3x
NE Northeast Group Berhad	24.6x	15.9%	RM 451.4m
SKPRES SKP Resources Bhd	16.8x	17.6%	RM 1.6b
AMLEX Amlex Holdings Berhad	137.6x	n/a	RM 67.0m
WAJA Waja Konsortium Berhad	90.2x	n/a	RM 66.9m
NOTION Notion VTec Berhad	81.8x	50.0%	RM 556.4m

Price-To-Earnings vs Peers: NOTION is expensive based on its Price-To-Earnings Ratio (81.8x) compared to the peer average (67.3x).

Price to Earnings Ratio vs Industry

How does NOTION's PE Ratio compare vs other companies in the MY Electronic Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NOTION is expensive based on its Price-To-Earnings Ratio (81.8x) compared to the MY Electronic industry average (31.1x).

Price to Earnings Ratio vs Fair Ratio

What is NOTION'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.

NOTION PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	81.8x
Fair PE Ratio	60x

Price-To-Earnings vs Fair Ratio: NOTION is expensive based on its Price-To-Earnings Ratio (81.8x) compared to the estimated Fair Price-To-Earnings Ratio (60x).

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 NOTION forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	RM 1.06	RM 2.81 +164.6%	2.3%	RM 2.87	RM 2.74	n/a	2
Nov ’25	RM 0.90	RM 2.81 +213.4%	2.3%	RM 2.87	RM 2.74	n/a	2
Oct ’25	RM 0.95	RM 2.81 +195.3%	2.3%	RM 2.87	RM 2.74	n/a	2
Sep ’25	RM 0.95	RM 3.08 +223.7%	6.7%	RM 3.28	RM 2.87	n/a	2
Aug ’25	RM 2.15	RM 3.40 +57.9%	3.4%	RM 3.51	RM 3.28	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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