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VETECE Holdings (0319) Fair Value & Analysis

Technology · MY · Market cap 90.2M MYR

VH VETECE Holdings 0319 · KLSE
Price0.2250 MYR
Fair Value0.2400 MYR
Upside+6.7%
Quality64/100
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Mixed Growth
Solidly profitable · 13.0% net margin
Low debt · generates free cash flow
3.91% dividend yield
Ranks above peers (8/13)
Moderate moat 54/100
Evidence: High Range 0.1700 MYR – 0.3000 MYR Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Share price −2.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 0.1700 MYR (bear) to 0.3000 MYR (bull), base 0.2400 MYR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (23 months)

0.5739 MYR 0.1850 MYR Fair Value 0.2400 MYR Aug 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

23‑month range 0.1850 MYR – 0.5739 MYR · fair‑value band 0.1700 MYR – 0.3000 MYR · the 0.2250 MYR price screens below the 0.2400 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

VETECE Holdings (0319) currently trades at 0.2250 MYR, while our model-based Fair Value estimate is 0.2400 MYR, implying the stock looks roughly 6.7% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, VETECE Holdings generated revenue of 26.4M MYR at a net margin of 13.0%. Revenue declined 64.5% year over year. The stock trades on a trailing P/E of 25.0. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.1700 MYR (bear case) to 0.3000 MYR (bull case); at 0.2250 MYR, the current price sits within 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 about 27% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 7%, 0319 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF 0.1200 MYR 0.1400 MYR 0.1900 MYR 80
Residual Income 0.0900 MYR 0.0900 MYR 0.1000 MYR 76
Rev-Margin DCF 0.1800 MYR 0.2800 MYR 0.4900 MYR 74
All 24 models by family
DCF Models
FCF DCF 0.1200 MYR 0.1400 MYR 0.1900 MYR 38
Owner Earnings 0.2000 MYR 0.3200 MYR 0.5300 MYR 31
5Y Revenue Exit 0.1700 MYR 0.2600 MYR 0.4300 MYR 39
5Y EBITDA Exit 0.2100 MYR 0.3300 MYR 0.5600 MYR 41
5Y P/E Exit 0.2400 MYR 0.4700 MYR 0.8000 MYR 38
10Y Revenue Exit 0.1500 MYR 0.2600 MYR 0.3400 MYR 36
10Y EBITDA Exit 0.1700 MYR 0.3300 MYR 0.6000 MYR 37
10Y P/E Exit 0.1900 MYR 0.3800 MYR 0.7000 MYR 35
Earnings-Based
Graham-Dodd 0.0700 MYR 0.5100 MYR 0.7200 MYR 54
Lynch FV 0.2600 MYR 0.3800 MYR 0.4900 MYR 50
PEG = 1.0 0.2600 MYR 0.3800 MYR 0.4900 MYR 46
EPV 0.1500 MYR 0.1600 MYR 0.1600 MYR 59
Multiples
P/E Multiple 0.2300 MYR 0.3000 MYR 0.3800 MYR 63
P/S Multiple 0.1400 MYR 0.1800 MYR 0.2300 MYR 58
P/B Multiple 0.1400 MYR 0.1800 MYR 0.2300 MYR 55
EV/EBIT 0.3000 MYR 0.3800 MYR 0.4600 MYR 53
EV/EBITDA 0.2500 MYR 0.3100 MYR 0.3700 MYR 54
EV/Revenue 0.1900 MYR 0.2400 MYR 0.2900 MYR 43
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1100 MYR 50
Growth DCF
Growth DCF 0.1200 MYR 0.1400 MYR 0.1900 MYR 80
Rev-Margin DCF 0.1800 MYR 0.2800 MYR 0.4900 MYR 74
Economic Profit
Residual Income 0.0900 MYR 0.0900 MYR 0.1000 MYR 76
ROIC Compounder 0.1700 MYR 0.2000 MYR 0.2300 MYR 72
Growth Earnings
Growth-Adj P/E 0.3800 MYR 0.5400 MYR 0.7100 MYR 68

Widest divergence: Growth Earnings (0.5400 MYR) versus Asset-Based (0.0800 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 26.4M MYR
Revenue growth (YoY) -64.5%
Net margin 13.0%
Free cash flow 1.5M MYR FY2025
P/E ratio 23.0
Operating margin 12.9%
More key figures
EPS (TTM) 0.0100 MYR
Dividend yield 3.9%
EPS growth (YoY) -29.8%
Net debt 98.0K MYR FY2023

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 30

Profitability 50
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

VETECE Holdings 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.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
46.3M MYR
Latest YoY
+138.1%
Avg. 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.
+30.5%
Revenue +30.5%/yr
FY22 20.8M MYR
FY23 23.1M MYR
FY24 19.4M MYR
FY25 46.3M MYR
Net income +0.6%/yr
FY22 4.2M MYR
FY23 6.6M MYR
FY24 1.1M MYR
FY25 4.2M MYR

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Cite: Fair Value Calculator (2026). "VETECE Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0319

Peer Group

Information Technology Services · 475 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 · Above median
Fair Value upside +7% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -65% · Bottom 25%
Dividend yield (TTM) 3.9% · Above median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 23.0× · Pricier than median
P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.84× · Cheaper than median
P/FCF 14.7× · Pricier than 75% of peers

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.

VALUE 42 · sector 21
FUTURE 0 · sector 31
PAST 0 · sector 37
HEALTH 100 · sector 97
DIVIDEND 78 · sector 37

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is VETECE Holdings (0319) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.2400 MYR versus a price of 0.2250 MYR, about +7% (fairly valued).
What is the fair value of 0319?
Our model-based fair value for VETECE Holdings is 0.2400 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.2250 MYR.
What is the quality score of 0319?
VETECE Holdings 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 VETECE Holdings (0319)?
VETECE Holdings reported trailing-twelve-month revenue of about 26.4M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0319?
The net profit margin of VETECE Holdings is about 13.0%, meaning it keeps roughly 13.0% of revenue as net income. Based on the latest reported figures.
Does VETECE Holdings pay a dividend?
VETECE Holdings currently shows a dividend yield of about 3.46% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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