V.S. Industry Berhad

KLSE:VS Stock Report

Market Cap: RM 4.2b

V.S. Industry Berhad Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: VS (MYR1.08) is trading below our estimate of fair value (MYR1.57)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VS. This is calculated by dividing VS's market cap by their current earnings.
What is VS's PE Ratio?
PE Ratio20.5x
EarningsRM 204.27m
Market CapRM 4.22b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.7x
NATGATE NationGate Holdings Berhad
62.5x35.1%RM 4.9b
UCHITEC Uchi Technologies Berhad
13.5x-1.4%RM 1.8b
ATECH Aurelius Technologies Berhad
30.2x20.4%RM 1.3b
CEB Cape EMS Berhad
8.8xn/aRM 377.0m
VS V.S. Industry Berhad
20.5x18.4%RM 4.2b

Price-To-Earnings vs Peers: VS is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (28.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
HM Harvest Miracle Capital Berhad
5xn/aUS$7.33m
No more companies available in this PE range
VS 20.5xIndustry Avg. 28.7xNo. of Companies4PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VS is good value based on its Price-To-Earnings Ratio (20.5x) compared to the MY Electronic industry average (28.7x).

Price to Earnings Ratio vs Fair Ratio

What is VS'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.

VS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ratio28x

Price-To-Earnings vs Fair Ratio: VS is good value based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (28x).

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 VS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 1.08
RM 1.33
+23.6%
12.8%RM 1.68RM 1.03n/a10
Nov ’25RM 1.03
RM 1.29
+24.8%
17.6%RM 1.68RM 0.79n/a11
Oct ’25RM 1.01
RM 1.27
+26.1%
17.2%RM 1.68RM 0.79n/a12
Sep ’25RM 1.09
RM 1.35
+23.5%
17.6%RM 1.68RM 0.79n/a12
Aug ’25RM 1.21
RM 1.23
+1.7%
21.2%RM 1.60RM 0.79n/a11
Jul ’25RM 1.28
RM 1.21
-5.8%
19.7%RM 1.60RM 0.79n/a11
Jun ’25RM 1.06
RM 0.86
-18.7%
14.9%RM 1.17RM 0.71n/a11
May ’25RM 0.91
RM 0.86
-5.3%
14.9%RM 1.17RM 0.71n/a11
Apr ’25RM 0.88
RM 0.86
-1.5%
14.9%RM 1.17RM 0.71n/a11
Mar ’25RM 0.77
RM 0.81
+5.8%
11.1%RM 1.00RM 0.67n/a11
Feb ’25RM 0.72
RM 0.81
+12.4%
11.1%RM 1.00RM 0.67n/a11
Jan ’25RM 0.81
RM 0.86
+5.1%
10.6%RM 1.00RM 0.73n/a11
Dec ’24RM 0.90
RM 0.99
+11.0%
9.8%RM 1.18RM 0.80n/a11
Nov ’24RM 0.90
RM 0.99
+10.4%
9.8%RM 1.18RM 0.80RM 1.0311
Oct ’24RM 1.02
RM 0.99
-2.6%
9.8%RM 1.18RM 0.80RM 1.0111
Sep ’24RM 1.01
RM 0.90
-11.2%
9.9%RM 1.10RM 0.80RM 1.0911
Aug ’24RM 0.89
RM 0.89
+0.2%
10.2%RM 1.10RM 0.80RM 1.2111
Jul ’24RM 0.91
RM 0.88
-2.8%
10.5%RM 1.10RM 0.80RM 1.2811
Jun ’24RM 0.80
RM 0.89
+11.7%
14.6%RM 1.14RM 0.65RM 1.0611
May ’24RM 0.81
RM 0.89
+8.9%
14.6%RM 1.14RM 0.65RM 0.9111
Apr ’24RM 0.81
RM 0.89
+10.3%
14.6%RM 1.14RM 0.65RM 0.8811
Mar ’24RM 0.88
RM 1.03
+16.8%
14.5%RM 1.23RM 0.70RM 0.7711
Feb ’24RM 0.97
RM 1.05
+7.9%
17.1%RM 1.40RM 0.70RM 0.7211
Jan ’24RM 0.88
RM 1.05
+18.9%
17.1%RM 1.40RM 0.70RM 0.8111
Dec ’23RM 0.94
RM 1.08
+15.4%
17.6%RM 1.40RM 0.70RM 0.9011
Nov ’23RM 0.84
RM 1.08
+27.7%
17.6%RM 1.40RM 0.70RM 0.9011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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