VETECE Holdings Berhad (0319) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of VETECE Holdings Berhad stock MYR 0.30, price MYR 0.22, upside +36.4%, quality 64 out of 100. Rating: undervalued. Calculated from audited financials with 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 3, 2026.
How to read this chart
26‑month range 0.1850 MYR – 0.5739 MYR · fair‑value band 0.2000 MYR – 0.3800 MYR · the 0.2200 MYR price screens below the 0.3000 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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VETECE Holdings Berhad, an investment holding company, provides enterprise IT solutions in Malaysia, Singapore, and Hong Kong. It operates through Implementation Services; Maintenance, Support, and Professional Services; and Resale of Hardware and Software.
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The company offers enterprise application integration, CRM/RP/HCM solutions, data management and analytics, artificial intelligence, software testing, and cloud solutions; security management; and enterprise data engineering solution.
It also engages in the IT consulting and outsourcing, and computer software development activities. It serves various industries, such as telecommunications, financial services, technology, manufacturing, higher education, and distribution, as well as public sector utilities.
The company was founded in 2003 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
VETECE Holdings Berhad (0319) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.3000 MYR, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 0.5700 MYR per share, and 19 of the 26 models we run sit above the 0.2200 MYR price.
Bear case: the Asset-Based group reads lowest at 0.1000 MYR, and 7 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.2000 MYR (bear) to 0.3800 MYR (bull), the price of 0.2200 MYR sits inside 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 64/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
VETECE Holdings Berhad reported revenue of 46.3M MYR in FY2025 versus 20.8M MYR in FY2022, a compound +30.5%/yr. Reported net income was 4.2M MYR in FY2025, compounding +0.6%/yr from FY2022.
Key figures
Market cap 86.2M MYR (≈ $21.3M) Micro · P/E ratio 22.0 · P/S ratio 2.33 · EPS (TTM) 0.0100 MYR · Dividend yield 4.1% · Net margin 12.5% · Return on equity 10.4% · Return on assets (EBIT) 16.8% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 36%, 0319 screens cheaper than that median.
Fair Value models
Bear0.2000 MYRFair Value 0.3000 MYRBull0.3800 MYR
Price 0.2200 MYR · Upside +36.4%
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 12 months old). Earnings retained since then (0.0010 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.
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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+138.1%
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.
+30.5%
’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.
−3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.6%
Dividend (yield on the price)4.1%
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.27% → 11%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
+21.6%
Yearly growth needed for the next five years to justify today's price.
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 +19.3% 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.Information Technology Services · 479 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside+36.4% · Above median
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets9.2% · Top 25%
Net margin (12 months)12.5% · Top 25%
Operating margin (12 months)15.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)174.2% · Top 25%
Dividend yield (12 months)4.1% · Top 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Is VETECE Holdings Berhad (0319) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 0.3000 MYR versus a price of 0.2200 MYR, about +36% upside (undervalued).
What is the fair value of 0319?
Our model-based fair value for VETECE Holdings Berhad is 0.3000 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 0.2200 MYR.
What is the quality score of 0319?
VETECE Holdings Berhad 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 price target for VETECE Holdings Berhad (0319)?
Our model-based price target is the fair value of 0.3000 MYR (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 0.2000 MYR, optimistic scenario 0.3800 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the VETECE Holdings Berhad stock forecast for 2026?
Our models put fair value at 0.3000 MYR, about +36% upside versus a price of 0.2200 MYR (undervalued). Cautious scenario 0.2000 MYR, optimistic scenario 0.3800 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of VETECE Holdings Berhad (0319)?
VETECE Holdings Berhad reported trailing-twelve-month revenue of about 37.0M MYR (latest available figure, as of Nov 3, 2026).
Does VETECE Holdings Berhad pay a dividend?
VETECE Holdings Berhad currently shows a dividend yield of 4.09% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of VETECE Holdings Berhad (0319) and when is the ex-dividend date?
VETECE Holdings Berhad pays a dividend of 0.009 MYR per share a year, a dividend yield of 4.1%. The last ex-dividend date was Dec 24, 2025. The payout ratio is 90.0% of earnings. Free cash flow covers the dividend 0.43 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into VETECE Holdings Berhad (0319)?
For today's price to be fair in a discounted-cash-flow model, VETECE Holdings Berhad would have to grow free cash flow by +21.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +30.5 % 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 3, 2026.
What discount rate (WACC) does the fair value of 0319 use?
Our models discount VETECE Holdings Berhad at 9.8 %: a base by market capitalisation (nano), damped by beta 0.54, 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 VETECE Holdings Berhad that is +21.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has VETECE Holdings Berhad (0319) delivered so far?
Over the past 3 years revenue at VETECE Holdings Berhad grew +30.5 % a year. The price currently implies free-cash-flow growth of +21.6 % 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 VETECE Holdings Berhad (0319) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into VETECE Holdings Berhad (+21.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of VETECE Holdings Berhad (0319)?
The free-cash-flow yield on the price is 1.74 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow VETECE Holdings Berhad produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of VETECE Holdings Berhad (0319)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VETECE Holdings Berhad it is 0.3000 MYR per share (as of Nov 3, 2026), against a price of 0.2200 MYR. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is VETECE Holdings Berhad stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 0319 trades below its calculated fair value: price 0.2200 MYR, fair value 0.3000 MYR, a gap of about +36% (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 0319?
No. The price is what the market pays today (0.2200 MYR); the fair value is what the company's own numbers justify (0.3000 MYR). For VETECE Holdings Berhad the two are 0.0800 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is VETECE Holdings Berhad worth?
The market values VETECE Holdings Berhad at about 86.2M MYR (market capitalisation, as of Nov 3, 2026). Per share that is 0.2200 MYR; our models calculate a fair value of 0.3000 MYR per share.
What do the bullish and bearish scenarios say about 0319?
Our models span a range for VETECE Holdings Berhad: cautious scenario 0.2000 MYR, base 0.3000 MYR, optimistic 0.3800 MYR per share (as of Nov 3, 2026, price 0.2200 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0319?
VETECE Holdings Berhad trades at a price-to-earnings ratio of 22.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.3000 MYR is built from several models across several years. Other multiples: P/B 2.0, P/S 2.3, EV/EBITDA 9.7.
How solid is the balance sheet of VETECE Holdings Berhad (0319)?
Balance-sheet figures for VETECE Holdings Berhad (as of Nov 3, 2026): return on equity 10.4%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 0319 from its 52-week high?
VETECE Holdings Berhad trades at 0.2200 MYR, about 24% below its 52-week high of 0.2894 MYR and 19% above the low of 0.1850 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3000 MYR is for.
Which stocks are comparable to VETECE Holdings Berhad?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 VETECE Holdings Berhad stock attractive at the current price?
The data as of Nov 3, 2026: price 0.2200 MYR, calculated fair value 0.3000 MYR (+36%), Quality Score 64/100, from 26 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 0319 calculated?
We run VETECE Holdings Berhad through 26 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 0.3000 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. VETECE Holdings Berhad currently trades 27% 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 VETECE Holdings Berhad (0319)?
The closing price on Nov 6, 2026 was 0.2200 MYR. Our model-based fair value is 0.3000 MYR, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VETECE Holdings Berhad right now?
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 (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (0.2000 MYR to 0.3800 MYR) leaves room in how you read the outcome.
Key figures of VETECE Holdings Berhad
How large is the market capitalisation of VETECE Holdings Berhad (0319)?
The market capitalisation of VETECE Holdings Berhad is 86.2M MYR (≈ $21.3M). 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 VETECE Holdings Berhad (0319)?
The price-to-sales ratio of VETECE Holdings Berhad is 2.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VETECE Holdings Berhad (0319)?
Earnings per share at VETECE Holdings Berhad are 0.0100 MYR (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VETECE Holdings Berhad (0319)?
The dividend yield of VETECE Holdings Berhad is 4.1% (payout 90.0%). 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 VETECE Holdings Berhad (0319)?
The net margin of VETECE Holdings Berhad is 12.5% (last twelve months). 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 VETECE Holdings Berhad (0319)?
The return on equity (ROE) of VETECE Holdings Berhad is 10.4% (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 VETECE Holdings Berhad (0319)?
On an EBIT basis the return on assets of VETECE Holdings Berhad is 16.8% (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 VETECE Holdings Berhad (0319)?
The operating margin of VETECE Holdings Berhad is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VETECE Holdings Berhad (0319)?
Revenue at VETECE Holdings Berhad is growing +174% versus a year earlier (3y avg +30.5%). 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 VETECE Holdings Berhad (0319)?
Earnings per share at VETECE Holdings Berhad are growing +136% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does VETECE Holdings Berhad (0319) carry?
The net debt of VETECE Holdings Berhad is 98.0K MYR (fiscal year 2023, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 3, 2026