Stock

Notion VTec Berhad

0083.KL
20
Hardware, Equipment & Parts · Technology
Price
0.71 MYR
+0.01 (+2.14%)
Market Cap
376.1M MYR
Exchange
Malaysian Stock Exchange
Winston Score
20
Winston is worried
Weak fundamentals across most pillars.
Data as of Oct 9, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
2/30
Growth
Weak
2/20
Cash Flow
Weak
0/10
Stability
Good
5/10
Valuation
Data not available
0/10
Ownership
Good
10/15
Dividends
Weak
1/5

20 of 100 counted points = Winston Score 20.

Share count falling — buybacks

−17.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 515.4M (2021) → 423.2M (2025)

§Winston Score History

The full picture

Notion VTec is a Malaysian manufacturer that makes precision metal and plastic parts used in products like hard disk drives, cameras, automotive components, and home appliances. Its customers are mostly large electronics and industrial companies, primarily in Asia. The company is one of Malaysia's established precision component makers, with decades of experience in stamping, machining, and assembly.

Notion VTec earns revenue by manufacturing and selling these components under contract to original equipment manufacturers. It operates factories mainly in Malaysia and has a presence in other parts of Southeast Asia. The company's scale and long-standing customer relationships give it a competitive position, but its margins are thin, reflecting intense price competition in contract manufacturing. A key risk is its historical dependence on the declining hard disk drive market, making diversification into automotive and other higher-margin segments an important growth priority.

Score breakdown

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Quality

Profit per sale
Gross Margin
5.6%
Thin — 5.6% gross margin
Profit after running costs
Operating Margin
-3.9%
Losing money on operations — -3.9%
Return on the money invested
ROCE
0.2%
Weak — 0.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
-7.1%
Shrinking sales (-7.1% YoY)
Profit growth
EPS YoY
-155.9%
Earnings shrinking (-155.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-2.5%
Burning cash (-2.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.13
Conservative — low debt load (0.13)
Covers its interest
Interest Cover
0.23x
Dangerous — barely covers interest (0.2x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
1.47%
Small dividend — 1.47% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+0.0%
Dividend flat

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