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WTEC Group (0352) Fair Value & Analysis

Basic Materials · MY · Market cap 52.8M MYR

WG WTEC Group 0352 · KLSE
Price0.1300 MYR
Fair Value0.1890 MYR
Upside+45.4%
Quality52/100
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Weak Growth
Thin margins · 9.2% net margin
Low debt · generates free cash flow
4.55% dividend yield
Ranks above peers (11/13)
Narrow moat 44/100
Evidence: High Range 0.1512 MYR – 0.2394 MYR Share as image

Fair value as of: Jul 13, 2026

From 14 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 0.1500 MYR to 0.1890 MYR (+26.0%) since Jun 26, 2026. Share price +18.2% over the past month.

A solid business, screening 45% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.1512 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (15 months)

0.2452 MYR 0.1100 MYR Fair Value 0.1890 MYR Apr 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

15‑month range 0.1100 MYR – 0.2452 MYR · fair‑value band 0.1512 MYR – 0.2394 MYR · the 0.1300 MYR price screens below the 0.1890 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

WTEC Group (0352) currently trades at 0.1300 MYR, while our model-based Fair Value estimate is 0.1890 MYR, implying the stock looks roughly 45.4% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials 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, WTEC Group generated revenue of 49.0M MYR at a net margin of 9.2%. Revenue declined 3.5% year over year. It earns a return on equity of 10.0%. The stock trades on a trailing P/E of 11.5. Fundamentals as of Jul 13, 2026

Our scenario range runs from 0.1512 MYR (bear case) to 0.2394 MYR (bull case); at 0.1300 MYR, the current price sits below 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 32% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at 45%, 0352 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 0.1000 MYR 0.1200 MYR 0.1500 MYR 80
Residual Income 0.0900 MYR 0.0900 MYR 0.0900 MYR 76
Rev-Margin DCF 0.1200 MYR 0.1600 MYR 0.2200 MYR 74
All 14 models by family
DCF Models
FCF DCF 0.1000 MYR 0.1200 MYR 0.1500 MYR 38
5Y Revenue Exit 0.1200 MYR 0.1600 MYR 0.2200 MYR 39
5Y EBITDA Exit 0.1600 MYR 0.2300 MYR 0.3300 MYR 41
10Y Revenue Exit 0.1100 MYR 0.1300 MYR 0.1600 MYR 36
10Y EBITDA Exit 0.1300 MYR 0.1700 MYR 0.2200 MYR 37
Multiples
P/S Multiple 0.1200 MYR 0.1600 MYR 0.2000 MYR 58
P/B Multiple 0.1200 MYR 0.1600 MYR 0.2000 MYR 55
EV/EBIT 0.2400 MYR 0.3100 MYR 0.3800 MYR 53
EV/EBITDA 0.2500 MYR 0.3200 MYR 0.3900 MYR 54
EV/Revenue 0.1400 MYR 0.1900 MYR 0.2400 MYR 43
Asset-Based
NCAV (Graham) 0.0600 MYR 0.0800 MYR 0.1200 MYR 50
Growth DCF
Growth DCF 0.1000 MYR 0.1200 MYR 0.1500 MYR 80
Rev-Margin DCF 0.1200 MYR 0.1600 MYR 0.2200 MYR 74
Economic Profit
Residual Income 0.0900 MYR 0.0900 MYR 0.0900 MYR 76

Widest divergence: Multiples (0.1900 MYR) versus Asset-Based (0.0800 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 49.0M MYR
Revenue growth (YoY) -3.5%
Net margin 9.2%
Return on equity 10.0%
Free cash flow 4.9M MYR FY2025
P/E ratio 11.0
More key figures
Operating margin 10.5%
EPS (TTM) 0.0100 MYR
Dividend yield 4.6%
EPS growth (YoY) -25.7%

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 23

Profitability 45
Margins and returns on capital today
Quality Growth 3
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 18
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

WTEC Group Berhad, together with its subsidiaries, manufactures and trades in foam and non-foam products in Malaysia and internationally.

Full company description

WTEC Group Berhad, together with its subsidiaries, manufactures and trades in foam and non-foam products in Malaysia and internationally. 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.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

WTEC Group 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
49.4M MYR
Latest YoY
−5.0%
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.
−2.0%
Revenue −2.0%/yr
FY22 52.5M MYR
FY23 50.9M MYR
FY24 52.0M MYR
FY25 49.4M MYR
Net income −10.3%/yr
FY22 6.4M MYR
FY23 9.4M MYR
FY24 8.2M MYR
FY25 4.6M MYR

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Cite: Fair Value Calculator (2026). "WTEC Group Fair Value". https://www.fairvalue-calculator.com/stock/0352

Peer Group

Chemicals · 333 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 52 · Above median
Fair Value upside +45% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than 75% of peers
P/B 0.22× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than 75% of peers
P/FCF 2.7× · Pricier than median

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 94 · sector 0
FUTURE 0 · sector 20
PAST 40 · sector 19
HEALTH 100 · sector 94
DIVIDEND 91 · sector 27

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is WTEC Group (0352) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 0.1890 MYR versus a price of 0.1300 MYR, about +45% (undervalued).
What is the fair value of 0352?
Our model-based fair value for WTEC Group is 0.1890 MYR (as of Jul 13, 2026), built from audited fundamentals. The current price is 0.1300 MYR.
What is the quality score of 0352?
WTEC Group has a Quality Score of 52/100. 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 WTEC Group (0352)?
WTEC Group reported trailing-twelve-month revenue of about 49.0M MYR (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 0352?
The net profit margin of WTEC Group is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does WTEC Group pay a dividend?
WTEC Group currently shows a dividend yield of about 4.35% relative to its recent price (as of Jul 13, 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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