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ViTrox Corporation Bhd (0097) Fair Value & Analysis

Technology · MY · Market cap 14.6B MYR (≈ $3.6B) · ISIN MYQ0097OO004

What is ViTrox Corporation Bhd really worth?

VC ViTrox Corporation Bhd 0097 · KLSE
Price9.16 MYR
Fair Value1.89 MYR
Upside−79.4%
Quality64/100

A solid business, but trading 385% above our fair value of 1.89 MYR.

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Strengths

Solidly profitable · 15.9% net margin
Low debt · generates free cash flow
Ranks above peers (11/15)
Wide moat 71/100

Risks

!Expensive Growth (revenue 5y +12.4 %/yr)
!Weak on dividend: 4 out of 100

For context

·0.20% dividend yield
Evidence: High Range 0.8700 MYR – 2.36 MYR

Fair value as of: Aug 21, 2026

From 26 valuation models · updated 15 days ago

Share price +0.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (2.36 MYR). The favourable scenario is already priced in.
  • The model range is unusually wide (0.8700 MYR to 2.36 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

9.54 MYR 2.32 MYR Fair Value 1.89 MYR Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 2.32 MYR – 9.54 MYR · fair‑value band 0.8700 MYR – 2.36 MYR · the 9.16 MYR price screens above the 1.89 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

ViTrox Corporation Bhd (0097) currently trades at 9.16 MYR, while our model-based Fair Value estimate is 1.89 MYR, implying the stock looks roughly 384.7% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 2.28 MYR per share, and 0 of the 26 models we run sit above the 9.16 MYR price. Bear case: the Dividend Discount group reads lowest at 0.1900 MYR, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, ViTrox Corporation Bhd generated revenue of 1.0B MYR at a net margin of 15.9%. Revenue grew 89.2% year over year. It earns a return on equity of 14.3%. The balance sheet holds a net cash position of 43.1M MYR. Fundamentals as of Aug 21, 2026

Our scenario range runs from 0.8700 MYR (bear case) to 2.36 MYR (bull case); at 9.16 MYR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 189% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −79%, 0097 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.0420 MYR per share, which is 2.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.1900 MYR to 3.34 MYR). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF 0.3300 MYR 0.5300 MYR 1.10 MYR 76
Growth DCF 0.3200 MYR 0.5800 MYR 1.09 MYR 75
EPV 0.7200 MYR 0.8300 MYR 0.9300 MYR 74
All 26 models by family
DCF Models
FCF DCF 0.3300 MYR 0.5300 MYR 1.10 MYR 76
Owner Earnings 0.9500 MYR 2.13 MYR 4.59 MYR 70
5Y Revenue Exit 0.7800 MYR 1.56 MYR 3.11 MYR 68
5Y EBITDA Exit 1.12 MYR 2.28 MYR 4.44 MYR 71
5Y P/E Exit 1.17 MYR 2.70 MYR 4.71 MYR 67
10Y Revenue Exit 0.6200 MYR 1.54 MYR 2.60 MYR 64
10Y EBITDA Exit 0.8900 MYR 2.19 MYR 4.71 MYR 63
10Y P/E Exit 0.9300 MYR 2.29 MYR 4.78 MYR 59
Earnings-Based
Graham-Dodd 0.4800 MYR 3.34 MYR 4.68 MYR 63
Lynch FV 1.04 MYR 1.49 MYR 1.93 MYR 61
PEG = 1.0 1.04 MYR 1.49 MYR 1.93 MYR 57
EPV 0.7200 MYR 0.8300 MYR 0.9300 MYR 74
Dividend Discount
Gordon GGM 0.1100 MYR 0.2300 MYR 0.3600 MYR 66
DDM Multi-Stage 0.1100 MYR 0.1900 MYR 0.2400 MYR 66
Multiples
P/E Multiple 1.48 MYR 1.97 MYR 2.46 MYR 63
P/S Multiple 0.9000 MYR 1.20 MYR 1.49 MYR 58
P/B Multiple 0.9000 MYR 1.20 MYR 1.49 MYR 55
EV/EBIT 1.76 MYR 2.33 MYR 2.91 MYR 66
EV/EBITDA 1.44 MYR 1.90 MYR 2.37 MYR 67
EV/Revenue 0.9100 MYR 1.28 MYR 1.65 MYR 54
Asset-Based
NCAV (Graham) 0.3000 MYR 0.4000 MYR 0.6000 MYR 54
Growth DCF
Growth DCF 0.3200 MYR 0.5800 MYR 1.09 MYR 75
Rev-Margin DCF 0.7800 MYR 1.69 MYR 3.06 MYR 69
Economic Profit
Residual Income 0.5500 MYR 0.6500 MYR 1.44 MYR 71
ROIC Compounder 0.8300 MYR 1.18 MYR 1.47 MYR 72
Growth Earnings
Growth-Adj P/E 1.60 MYR 2.28 MYR 2.96 MYR 67

Widest divergence: Growth Earnings (2.28 MYR) versus Dividend Discount (0.1900 MYR). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 114.5
P/S ratio 18.1 P/E × margin
EPS (TTM) 0.0800 MYR price ÷ EPS = P/E 114.5
Dividend yield 0.2% payout 22.5%
Net margin 15.8% FY2025
Return on equity 14.3% TTM
More key figures
Profitability
Return on assets (EBIT) 13.7% avg 5y
Operating margin 23.1% TTM
Growth
Revenue (TTM) 1.0B MYR TTM
Revenue growth (YoY) +89.2% 3y avg +4.0%
EPS growth (YoY) +113%
Balance sheet & cash flow
Free cash flow 35.2M MYR FY2025
Net cash 43.1M MYR FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 60 · Market factors (momentum, volatility) 91

Profitability 45
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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

Full company description

ViTrox Corporation Berhad, an investment holding company, designs, manufactures, and sells automated vision inspection equipment and system-on-chip embedded electronics devices for the semiconductor and electronics packaging industries worldwide. 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 an advanced solution for 2D surface defect inspections, measurements, and multiple handling mechanisms; vision inspection systems; die sorting & vision inspection handler; and automated vision inspection system and modules. It also provides electronic assembly products, including advanced 3D solder paste inspection, advanced optical inspection, and advanced 3D X-ray inspection, as well as advanced robotic vision systems; electronics communication systems; and offers integrated industrial embedded solutions, such as I/O interface cards, scalable remote I/O controllers and modules, and high-resolution motion control systems. In addition, the company designs, develops, and produces precision agricultural equipment, agricultural produce, and materials, as well as printed circuit boards; provides education and training, programming solutions, and sales and support services; and operates cafeteria and convenience store, as well as develops software application, and provides. ViTrox Corporation Berhad was incorporated in 2000 and is headquartered in Penang, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ViTrox Corporation Bhd reported revenue of 843M MYR in FY2025 versus 680M MYR in FY2021, a compound +5.5%/yr. Reported net income was 133M MYR in FY2025, compounding −5.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
843M MYR
Latest YoY
+52.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.0%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.4%
Avg. revenue growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.6%
Value creation/yr (5Y, in MYR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.9% (4.7 + 0.2)
Revenue +5.5%/yr
FY21 680M MYR
FY22 750M MYR
FY23 575M MYR
FY24 552M MYR
FY25 843M MYR
Net income −5.9%/yr
FY21 170M MYR
FY22 201M MYR
FY23 128M MYR
FY24 90.4M MYR
FY25 133M MYR
Character of growth · EPS growth decomposed (2014-2025) +6.9 % p.a.
Revenue per share +12.4 %

of which total revenue +14.9 % · buybacks/dilution −2.2 %

EBIT margin −9.7 %
Tax rate −1.5 %
Residual (interest, one-offs) +6.9 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

0097 screens 385% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "ViTrox Corporation Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0097

Peer Group

Semiconductor Equipment & Materials · 213 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 14% · Above median
Return on assets 17% · Top 25%
Net margin (TTM) 16% · Above median
Operating margin (TTM) 23% · Top 25%
Revenue growth 89% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 114.5× · Pricier than 75% of peers
P/B 3.18× · Cheaper than median
P/S (TTM) 3.57× · Cheaper than median
P/FCF 102.3× · Pricier than 75% of peers
EV/EBITDA 8.7× · Cheaper than 75% of peers
PEG 1.18× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 59
PAST57 · sector 30
HEALTH97 · sector 96
DIVIDEND4 · sector 17

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,494 €604.27 −60%
Applied Materials, Inc AMAT $482.36 $183.10 −62%
Lam Research Corporation LRCX $301.90 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
NAURA Technology Group 002371 ¥707.90 ¥205.30 −71%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 −86%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%

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Frequently asked questions

Is ViTrox Corporation Bhd (0097) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of 1.89 MYR versus a price of 9.16 MYR, about −79% upside (overvalued).
What is the fair value of 0097?
Our model-based fair value for ViTrox Corporation Bhd is 1.89 MYR (as of Aug 21, 2026), built from audited fundamentals. The current price: 9.16 MYR.
What is the quality score of 0097?
ViTrox Corporation Bhd has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of ViTrox Corporation Bhd (0097)?
ViTrox Corporation Bhd reported trailing-twelve-month revenue of about 1.0B MYR (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 0097?
The net profit margin of ViTrox Corporation Bhd is about 15.9%, meaning it keeps roughly 15.9% of revenue as net income. Based on the latest reported figures.
Does ViTrox Corporation Bhd pay a dividend?
ViTrox Corporation Bhd currently shows a dividend yield of about 0.20% relative to its recent price (as of Aug 21, 2026).
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