IT Industry Geometric Average Relative Multiple Per Quality Ratio, MPQ
$SMRT / 0117 (SMRT HOLDINGS BERHAD)
$INFOTEC / 0253 (INFOLINE TEC GROUP BERHAD)
$INFOM / 0265 (INFOMINA BERHAD)
KLSE-CLOUDPT
KLSE-VSTECS
KLSE-SNS
KLSE-LGMS
KLSE-ATECH
KLSE-FRONTKEN
KLSE-INARI
KLSE-VITROX
Therefore,
1.
SMRT pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.2929591113×0.945
= RM 1.4751745048
2.
INFOTEC pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.3190977701×0.785
= RM 1.1250309919
Very Closed to the Intrinsic EarningValue (ROIC Model)
= ROIC × EPS
= 26.16×0.0481
= 1.258296
3.
INFOM pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.3629790424×0.88
= RM 1.1087144825
4.
CLOUDPT pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.3773048884×0.72
= RM 0.8726873151
5.
VSTECS pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.3958546304×2.88
= RM 3.3271728029
6.
SNS pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.8750656282×0.46
= RM 0.2404007427
7.
LGMS pricing @ IT Industry Geometric Average MPQ 0.4573183195 (Multiples Per Quality) @ 28.4.2025
= 0.4573183195÷0.9432983538×0.92
= RM 0.4460230978
REFERENCE :
:: KLSE IT Industry Arithmetic & Geometric Average Relative Multiple Per Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP)
( The Lower The Ratio, The More Undervalued Per Unit Quality )
1.
KLSE:
IT Industry Arithmetic Average Relative Multiple Per Unit Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP) @ 28.4.2025
= Arithmetic Average (Smrt, Infotec, Infom, Cloudpt, Vstecs, Sns, Lgms)
= (0.2929591113+0.3190977701+0.3629790424+0.3773048884+0.3958546304+0.8750656282+0.9432983538)÷7
= 0.5095084892
2.
KLSE:
IT Industry Geometric Average Relative Multiple Per Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP) @ 28.4.2025
= (0.2929591113×0.3190977701×0.3629790424×0.3773048884×0.3958546304×0.8750656282×0.9432983538)^(1÷7)
= 0.4573183195
******************
Are Malaysian stocks cheap? A look at historical valuation benchmarks |
klsescreener. com/v2/news/view/1513017
# Excerpt :
In contrast, Apex Securities head of research Kenneth Leong thinks semiconductor stocks are worth considering at current valuations.
His top picks include Aurelius Technologies Bhd (KL:ATECH), Inari Amertron Bhd (KL:INARI), Frontken Corp Bhd (KL:FRONTKN) and Infoline Tec Group Bhd (KL:INFOTEC).
# Remark:
KL:INFOTEC is the only IT Solution stock in the Top Picks of Kenneth Leong.
Not surprising at all viewing the expansion and growth of KL:INFOTEC ascending year after year.
# Relative Valuation Analysis:
Relative Multiple Per Quality Ratio, MPQ
= Relative Multiples Over Profitabilities Ratio, MoP
“The Lower In The Relative Multiple Per Quality Ratio, The Greater Bargain Over The Quality”
i.
INFOTEC
Relative Multiple Per Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP) @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(0.785^2÷(0.18×0.0481×26.72×26.16))
= 0.3190977701
P/E @ 0.785
= 16.32
ii.
ATECH
Relative Multiple Per Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP) @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
=
√(3.15^2÷(1.13×0.1407×12.45×12.2758885622))
= 0.6390180696
P/E @ 3.15
= 22.39
iii.
FRONTKEN
Relative Multiple Per Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP) @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(3.47^2÷(0.46×0.0858×18.65×17.9804332478))
= 0.9538221881
P/E @ 3.47
= 40.44
iv.
INARI
Relative Multiple Per Quality Ratio (Relative Multiples Over Profitabilities Ratio, MoP) @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
=
√(1.92^2÷(0.7443×0.064×8.6×8.5503858972))
= 1.0258766589
P/E @ 1.92
= 30.0
**********************
More references:
Relative Multiple Per Quality Ratio, MPQ (Relative Multiples Over Profitabilities Ratio, MoP)
( The Lower The Ratio, The More Valuable Per Unit Quality )
= Multiples ÷ Profitabilities
=
√{ (P/B)×(P/E) } ÷ √{ ROE×ROIC }
=
√
[
{ (P/B)×(P/E) } ÷ { ROE×ROIC }
]
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
“The Lower In The Relative Multiple Per Unit Quality Ratio, The Greater Bargain Over The Quality”
1.
SMRT
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(0.945^2÷(0.182×0.0595×32.85×29.25))
= 0.2929591113
P/E @ 0.945
= 0.945÷0.0595
= 15.88
2.
INFOTEC
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(0.785^2÷(0.18×0.0481×26.72×26.16))
= 0.3190977701
P/E @ 0.785
= 16.32
3.
INFOM
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(0.88^2÷(0.2587×0.0537×20.76×20.38))
= 0.3629790424
P/E @ 0.88
= 16.39
4.
CLOUDPT
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(0.720^2÷(0.1521×0.0382×25.14×24.93))
= 0.3773048884
P/E @ 0.720
= 18.85
5.
VSTECS
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(2.88^2÷(1.41×0.196×13.9×13.7791850498))
= 0.3958546304
P/E @ 2.88
= 14.693877551
6.
SNS
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
= √(0.46^2÷(0.16×0.0181×11.31×8.4367125036))
= 0.8750656282
P/E @ 0.46
= 25.41
7.
LGMS
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
=
√(0.92^2÷(0.2069×0.0271×13.08×12.97))
= 0.9432983538
P/E @ 0.92
= 33.95
8.
VITROX
Relative Multiple Per Quality Ratio, MPQ @ 28 Apr 2025
=
√
[
P² ÷ (BPS × EPS × ROE × ROIC)
]
= √(3.36^2÷(0.5532×0.0514×9.29×8.9085608919))
= 2.1903070385
P/E @ 3.36
= 65.37
#
CONCLUSION:
SMRT, INFOTEC, INFOM, CLOUDPT are EXTREMELY UNDERVALUED relative to LGMS, SNS & VITROX.
#