WTEC Group Berhad (0352) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of WTEC Group Berhad stock MYR 0.18, price MYR 0.12, upside +53.4%, quality 53 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
18‑month range 0.1100 MYR – 0.2452 MYR · fair‑value band 0.1386 MYR – 0.2142 MYR · the 0.1150 MYR price screens below the 0.1764 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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WTEC Group Berhad, together with its subsidiaries, manufactures and trades in foam and non-foam products in Malaysia and internationally.
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The company offers polyurethane, polyethylene, ethylene propylene diene monomer, double-sided tape, ethylene-vinyl acetate, chloroprene rubber, melamine, rebond, nitrile butadiene rubber, graphite, and reticulated foam products, as well as non-woven fabrics, felts, sponges, and adhesive-backed coatings.
It also provides flame and water-based lamination, sewing, and assembly services.
The company's products are used in automotive, electronics and electricals, aviation, construction foams and tapes, packaging, cleaning sponges, acoustic, safety, medical and personal protective equipment, and trading and general industrial industries. It exports its products.
The company was incorporated in 2001 and is headquartered in Semenyih, Malaysia.
Stock analysis
WTEC Group Berhad (0352) currently trades at 0.1150 MYR, while our model-based Fair Value estimate is 0.1764 MYR, implying the stock looks roughly 35% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.1900 MYR per share, and 19 of the 24 models we run sit above the 0.1150 MYR price.
Bear case: the Asset-Based group reads lowest at 0.0800 MYR, and 5 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1386 MYR (bear) to 0.2142 MYR (bull), the price of 0.1150 MYR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
WTEC Group Berhad reported revenue of 49.4M MYR in FY2025 versus 52.5M MYR in FY2022, a compound −2.0%/yr. Reported net income was 4.6M MYR in FY2025, compounding −10.3%/yr from FY2022.
Key figures
Market cap 55.2M MYR (≈ $13.6M) Micro · P/E ratio 11.5 · P/S ratio 1.07 · EPS (TTM) 0.0100 MYR · Dividend yield 4.3% · Net margin 9.3% · Return on equity 10.0% · Return on assets (EBIT) 18.2% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at 53%, 0352 screens cheaper than that median.
Fair Value models
Bear0.1386 MYRFair Value 0.1764 MYRBull0.2142 MYR
Price 0.1150 MYR · Upside +53.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0043 MYR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF0.1100 MYR0.1400 MYR0.1800 MYR79
Growth DCF0.1100 MYR0.1400 MYR0.1700 MYR77
Owner Earnings0.1300 MYR0.1700 MYR0.2200 MYR75
All 24 models by family
DCF Models
FCF DCF0.1100 MYR0.1400 MYR0.1800 MYR79
Owner Earnings0.1300 MYR0.1700 MYR0.2200 MYR75
5Y Revenue Exit0.1200 MYR0.1600 MYR0.2200 MYR70
5Y EBITDA Exit0.1300 MYR0.1700 MYR0.2400 MYR73
5Y P/E Exit0.1200 MYR0.1700 MYR0.2200 MYR69
10Y Revenue Exit0.1100 MYR0.1400 MYR0.1700 MYR65
10Y EBITDA Exit0.1200 MYR0.1500 MYR0.1800 MYR67
10Y P/E Exit0.1200 MYR0.1400 MYR0.1700 MYR62
Earnings-Based
Graham-Dodd0.0600 MYR0.0800 MYR0.0900 MYR65
EPV0.1100 MYR0.1200 MYR0.1300 MYR71
Dividend Discount
Gordon GGM0.0700 MYR0.0800 MYR0.0900 MYR67
DDM Multi-Stage0.0700 MYR0.0900 MYR0.1000 MYR65
Multiples
P/E Multiple0.1200 MYR0.1600 MYR0.2000 MYR63
P/S Multiple0.1200 MYR0.1500 MYR0.1900 MYR58
P/B Multiple0.2800 MYR0.3700 MYR0.4600 MYR55
EV/EBIT0.1600 MYR0.2000 MYR0.2500 MYR66
EV/EBITDA0.1600 MYR0.2000 MYR0.2400 MYR67
EV/Revenue0.1300 MYR0.1800 MYR0.2300 MYR54
Asset-Based
NCAV (Graham)0.0500 MYR0.0800 MYR0.1000 MYR54
Growth DCF
Growth DCF0.1100 MYR0.1400 MYR0.1700 MYR77
Rev-Margin DCF0.1200 MYR0.1600 MYR0.2200 MYR70
Economic Profit
Residual Income0.1000 MYR0.1000 MYR0.1100 MYR73
ROIC Compounder0.1100 MYR0.1200 MYR0.1300 MYR69
Growth Earnings
Growth-Adj P/E0.0900 MYR0.1200 MYR0.1600 MYR65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.0%
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
−12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.5%
Dividend (yield on the price)4.3%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 12%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about −4.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Chemicals · 337 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+53.4% · Top 25%
Profitability
Return on equity (12 months)10.0% · Above median
Return on assets6.7% · Top 25%
Net margin (12 months)13.6% · Top 25%
Operating margin (12 months)22.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.3% · Below median
Dividend yield (12 months)4.3% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)11.5× · Cheaper than median
P/B0.94× · Cheaper than median
P/S (12 months)1.10× · Cheaper than median
Price / free cash flow (fiscal year)11.4× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "WTEC Group Berhad Fair Value". https://www.fairvalue-calculator.com/stock/0352
Frequently asked questions
Is WTEC Group Berhad (0352) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 0.1764 MYR versus a price of 0.1150 MYR, about +53% upside (undervalued).
What is the fair value of 0352?
Our model-based fair value for WTEC Group Berhad is 0.1764 MYR (as of Nov 5, 2026), built from audited fundamentals. The current price: 0.1150 MYR.
What is the quality score of 0352?
WTEC Group Berhad has a Quality Score of 53/100. 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 price target for WTEC Group Berhad (0352)?
Our model-based price target is the fair value of 0.1764 MYR (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 0.1386 MYR, optimistic scenario 0.2142 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the WTEC Group Berhad stock forecast for 2026?
Our models put fair value at 0.1764 MYR, about +53% upside versus a price of 0.1150 MYR (undervalued). Cautious scenario 0.1386 MYR, optimistic scenario 0.2142 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of WTEC Group Berhad (0352)?
WTEC Group Berhad reported trailing-twelve-month revenue of about 50.1M MYR (latest available figure, as of Nov 5, 2026).
Does WTEC Group Berhad pay a dividend?
WTEC Group Berhad currently shows a dividend yield of 4.35% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of WTEC Group Berhad (0352) and when is the ex-dividend date?
WTEC Group Berhad pays a dividend of 0.005 MYR per share a year, a dividend yield of 4.3%. The last ex-dividend date was Mar 9, 2026. The payout ratio is 50.0% of earnings. Free cash flow covers the dividend 2.02 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into WTEC Group Berhad (0352)?
For today's price to be fair in a discounted-cash-flow model, WTEC Group Berhad would have to grow free cash flow by -2.5 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -2.0 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 0352 use?
Our models discount WTEC Group Berhad at 11.1 %: a base by market capitalisation (nano), country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For WTEC Group Berhad that is -2.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has WTEC Group Berhad (0352) delivered so far?
Over the past 3 years revenue at WTEC Group Berhad grew -2.0 % a year. The price currently implies free-cash-flow growth of -2.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of WTEC Group Berhad (0352) growing?
The median revenue growth in the sector is +11.2 % a year. That is the yardstick for the growth priced into WTEC Group Berhad (-2.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WTEC Group Berhad (0352)?
The free-cash-flow yield on the price is 8.79 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow WTEC Group Berhad produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WTEC Group Berhad (0352)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WTEC Group Berhad it is 0.1764 MYR per share (as of Nov 5, 2026), against a price of 0.1150 MYR. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is WTEC Group Berhad stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 0352 trades below its calculated fair value: price 0.1150 MYR, fair value 0.1764 MYR, a gap of about +53% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0352?
No. The price is what the market pays today (0.1150 MYR); the fair value is what the company's own numbers justify (0.1764 MYR). For WTEC Group Berhad the two are 0.0614 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is WTEC Group Berhad worth?
The market values WTEC Group Berhad at about 55.2M MYR (market capitalisation, as of Nov 5, 2026). Per share that is 0.1150 MYR; our models calculate a fair value of 0.1764 MYR per share.
What do the bullish and bearish scenarios say about 0352?
Our models span a range for WTEC Group Berhad: cautious scenario 0.1386 MYR, base 0.1764 MYR, optimistic 0.2142 MYR per share (as of Nov 5, 2026, price 0.1150 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0352?
WTEC Group Berhad trades at a price-to-earnings ratio of 11.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.1764 MYR is built from several models across several years. Other multiples: P/B 0.9, P/S 1.1, EV/EBITDA 4.4.
How solid is the balance sheet of WTEC Group Berhad (0352)?
Balance-sheet figures for WTEC Group Berhad (as of Nov 5, 2026): return on equity 10.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 0352 from its 52-week high?
WTEC Group Berhad trades at 0.1150 MYR, about 32% below its 52-week high of 0.1683 MYR and 5% above the low of 0.1100 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1764 MYR is for.
Which stocks are comparable to WTEC Group Berhad?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is WTEC Group Berhad stock attractive at the current price?
The data as of Nov 5, 2026: price 0.1150 MYR, calculated fair value 0.1764 MYR (+53%), Quality Score 53/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0352 calculated?
We run WTEC Group Berhad through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.1764 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. WTEC Group Berhad currently trades 35% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of WTEC Group Berhad (0352)?
The closing price on Nov 6, 2026 was 0.1150 MYR. Our model-based fair value is 0.1764 MYR, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WTEC Group Berhad right now?
The price is below even our cautious bear case (0.1386 MYR). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of WTEC Group Berhad
How large is the market capitalisation of WTEC Group Berhad (0352)?
The market capitalisation of WTEC Group Berhad is 55.2M MYR (≈ $13.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of WTEC Group Berhad (0352)?
The price-to-sales ratio of WTEC Group Berhad is 1.07 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of WTEC Group Berhad (0352)?
Earnings per share at WTEC Group Berhad are 0.0100 MYR (price ÷ EPS = P/E 11.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WTEC Group Berhad (0352)?
The dividend yield of WTEC Group Berhad is 4.3% (payout 50.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of WTEC Group Berhad (0352)?
The net margin of WTEC Group Berhad is 9.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of WTEC Group Berhad (0352)?
The return on equity (ROE) of WTEC Group Berhad is 10.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of WTEC Group Berhad (0352)?
On an EBIT basis the return on assets of WTEC Group Berhad is 18.2% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of WTEC Group Berhad (0352)?
The operating margin of WTEC Group Berhad is 22.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WTEC Group Berhad (0352)?
Revenue at WTEC Group Berhad is growing +8.3% versus a year earlier (3y avg −2.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at WTEC Group Berhad (0352)?
Earnings per share at WTEC Group Berhad are growing +666% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 5, 2026