ECS ICT Bhd (5162) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of ECS ICT Bhd MYR 0.60, price MYR 1.67, upside -64.4%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
VSTECS Berhad, an investment holding company, engages in the distribution of information and communications technology (ICT) products primarily in Malaysia. It operates through three segments: ICT Distribution, Enterprise Systems, and ICT Services.
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VSTECS Berhad, an investment holding company, engages in the distribution of information and communications technology (ICT) products primarily in Malaysia. It operates through three segments: ICT Distribution, Enterprise Systems, and ICT Services. The company distributes notebooks, personal computers, smartphones, tablets, printers, wearables, software, network and communication infrastructure, servers, and enterprise software. It provides value-added product support and technical services. In addition, the company markets computers, peripherals, and software; and offers ICT systems and services, as well as computer maintenance services. Further, it engages in the provision of logistics services, including warehousing and transportation of ICT products; and management and support services. The company serves its customers through a network of resellers comprising retailers, system integrators, and corporate dealers. VSTECS Berhad was founded in 1985 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
ECS ICT Bhd (5162) currently trades at 1.67 MYR, while our model-based Fair Value estimate is 0.5950 MYR, 64.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1.75 MYR per share, and 5 of the 17 models we run sit above the 1.67 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.3300 MYR, and 12 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4505 MYR (bear) to 0.8500 MYR (bull), the price of 1.67 MYR sits above 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 45/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ECS ICT Bhd reported revenue of 3.6B MYR in FY2025 versus 2.6B MYR in FY2021, a compound +8.2%/yr. Reported net income was 98.2M MYR in FY2025, compounding +15.6%/yr from FY2021.
Key figures
Market cap 1.8B MYR (≈ $437M) · P/E ratio 15.2 · P/S ratio 0.41 · EPS (TTM) 0.1100 MYR · Dividend yield 0.8% · Net margin 2.7% · Return on equity 20.3% · Return on assets (EBIT) 10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −64%, 5162 screens richer than that median.
Fair Value models
Bear 0.4505 MYRFair Value 0.5950 MYRBull 0.8500 MYR
Price 1.67 MYR · Upside -64.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0749 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.Evidence ⓘEvidence = 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.
Highest evidence
Residual Income0.5300 MYR0.6700 MYR1.00 MYR75
Owner Earnings0.9600 MYR1.42 MYR2.06 MYR74
EPV0.8200 MYR0.9200 MYR1.01 MYR70
All 17 models by family
DCF Models
Owner Earnings0.9600 MYR1.42 MYR2.06 MYR74
Earnings-Based
Graham-Dodd0.6200 MYR2.26 MYR3.05 MYR64
Lynch FV0.5400 MYR0.7700 MYR1.00 MYR61
PEG = 1.00.5400 MYR0.7700 MYR1.00 MYR57
EPV0.8200 MYR0.9200 MYR1.01 MYR70
Dividend Discount
Gordon GGM0.2000 MYR0.3600 MYR0.4900 MYR68
DDM Multi-Stage0.2000 MYR0.3300 MYR0.3800 MYR67
Multiples
P/E Multiple1.92 MYR2.55 MYR3.19 MYR63
P/S Multiple1.16 MYR1.55 MYR1.94 MYR58
P/B Multiple1.16 MYR1.55 MYR1.94 MYR55
EV/EBIT2.08 MYR2.75 MYR3.42 MYR63
EV/EBITDA1.64 MYR2.16 MYR2.68 MYR64
EV/Revenue1.09 MYR1.53 MYR1.96 MYR51
Asset-Based
NCAV (Graham)0.2700 MYR0.3600 MYR0.5300 MYR51
Economic Profit
Residual Income0.5300 MYR0.6700 MYR1.00 MYR75
ROIC Compounder0.8800 MYR1.06 MYR1.28 MYR70
Growth Earnings
Growth-Adj P/E1.22 MYR1.75 MYR2.27 MYR67
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+24.0%
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.
+9.1%
Revenue growth 5 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.
+12.3%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 13 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.
+8.3%
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What shareholders gained per year (last 5 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 5 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.
+22.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.7%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.7% vs 7.5%, picking up
Profit margin 2020 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.2% → 3%
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.Electronics & Computer Distribution · 154 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside−64.4% · Bottom 25%
Profitability
Return on equity (TTM)20.3% · Top 25%
Return on assets8.4% · Top 25%
Net margin (TTM)2.7% · Above median
Operating margin (TTM)3.4% · Below median
Growth and dividend
Revenue growth31.7% · Above median
Dividend yield (TTM)0.8% · Bottom 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (TTM)15.2× · Cheaper than median
P/B3.12× · Priciest 25%
P/S (TTM)0.42× · Cheaper than median
EV/EBITDA12.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)100· sector 76
PAST (return on equity)81· sector 40
HEALTH (low debt)0· sector 98
DIVIDEND (yield)16· sector 57
VALUE 0: the price sits above our fair-value range.
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). "ECS ICT Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5162
Frequently asked questions
Is ECS ICT Bhd (5162) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 0.5950 MYR versus a price of 1.67 MYR, about −64% upside (overvalued).
What is the fair value of 5162?
Our model-based fair value for ECS ICT Bhd is 0.5950 MYR (as of Oct 1, 2026), built from audited fundamentals. The current price: 1.67 MYR.
What is the quality score of 5162?
ECS ICT Bhd has a Quality Score of 45/100. 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 ECS ICT Bhd (5162)?
Our model-based price target is the fair value of 0.5950 MYR (as of Oct 1, 2026) from 17 valuation models. Cautious scenario 0.4505 MYR, optimistic scenario 0.8500 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the ECS ICT Bhd stock forecast for 2026?
Our models put fair value at 0.5950 MYR, about −64% upside versus a price of 1.67 MYR (overvalued). Cautious scenario 0.4505 MYR, optimistic scenario 0.8500 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of ECS ICT Bhd (5162)?
ECS ICT Bhd reported trailing-twelve-month revenue of about 4.2B MYR (latest available figure, as of Oct 1, 2026).
Does ECS ICT Bhd pay a dividend?
ECS ICT Bhd currently shows a dividend yield of about 0.78% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of ECS ICT Bhd (5162)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ECS ICT Bhd it is 0.5950 MYR per share (as of Oct 1, 2026), against a price of 1.67 MYR. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is ECS ICT Bhd stock overvalued or undervalued in 2026?
As of Oct 1, 2026, 5162 trades above its calculated fair value: price 1.67 MYR, fair value 0.5950 MYR, a gap of about −64% (overvalued). 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 5162?
No. The price is what the market pays today (1.67 MYR); the fair value is what the company's own numbers justify (0.5950 MYR). For ECS ICT Bhd the two are 1.08 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is ECS ICT Bhd worth?
The market values ECS ICT Bhd at about 1.8B MYR (market capitalisation, as of Oct 1, 2026). Per share that is 1.67 MYR; our models calculate a fair value of 0.5950 MYR per share.
What do the bullish and bearish scenarios say about 5162?
Our models span a range for ECS ICT Bhd: cautious scenario 0.4505 MYR, base 0.5950 MYR, optimistic 0.8500 MYR per share (as of Oct 1, 2026, price 1.67 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5162?
ECS ICT Bhd trades at a price-to-earnings ratio of 15.2 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5950 MYR is built from several models across several years. Other multiples: P/B 3.1, P/S 0.4, EV/EBITDA 12.0.
How solid is the balance sheet of ECS ICT Bhd (5162)?
Balance-sheet figures for ECS ICT Bhd (as of Oct 1, 2026): return on equity 20.3%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 5162 from its 52-week high?
ECS ICT Bhd trades at 1.67 MYR, about 19% below its 52-week high of 2.07 MYR and 35% above the low of 1.24 MYR (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5950 MYR is for.
Which stocks are comparable to ECS ICT Bhd?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, Inc, 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 ECS ICT Bhd stock attractive at the current price?
The data as of Oct 1, 2026: price 1.67 MYR, calculated fair value 0.5950 MYR (−64%), Quality Score 45/100, from 17 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 5162 calculated?
We run ECS ICT Bhd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.5950 MYR, 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 14.5 % above its aggregate fair value. ECS ICT Bhd itself currently trades above fair value. 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 ECS ICT Bhd (5162)?
The closing price on Oct 8, 2026 was 1.67 MYR. Our model-based fair value is 0.5950 MYR, about −64% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ECS ICT Bhd right now?
The price sits above even our optimistic bull case (0.8500 MYR). The favourable scenario is already priced in. 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 but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.4505 MYR to 0.8500 MYR) leaves room in how you read the outcome.
Key figures of ECS ICT Bhd
How large is the market capitalisation of ECS ICT Bhd (5162)?
The market capitalisation of ECS ICT Bhd is 1.8B MYR (≈ $437M). 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 ECS ICT Bhd (5162)?
The price-to-sales ratio of ECS ICT Bhd is 0.41 (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 ECS ICT Bhd (5162)?
Earnings per share at ECS ICT Bhd are 0.1100 MYR (price ÷ EPS = P/E 15.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ECS ICT Bhd (5162)?
The dividend yield of ECS ICT Bhd is 0.8% (payout 11.8%). 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 ECS ICT Bhd (5162)?
The net margin of ECS ICT Bhd is 2.7% (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 ECS ICT Bhd (5162)?
The return on equity (ROE) of ECS ICT Bhd is 20.3% (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 ECS ICT Bhd (5162)?
On an EBIT basis the return on assets of ECS ICT Bhd is 10.3% (avg 5y). 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 ECS ICT Bhd (5162)?
The operating margin of ECS ICT Bhd is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ECS ICT Bhd (5162)?
Revenue at ECS ICT Bhd is growing +31.7% versus a year earlier (3y avg +9.1%). 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 ECS ICT Bhd (5162)?
Earnings per share at ECS ICT Bhd are growing +50.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ECS ICT Bhd (5162) generate?
The free cash flow of ECS ICT Bhd is −21.5M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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