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Inari Amertron Berhad (0166.KL)

MYR2.18 +0.01 (+0.46%)
MY KLS Technology Semiconductors
Address D-07-03, Plaza Kelana Jaya 47301
Petaling Jaya, MY
CEO Kean Cheong Lau
IPO 2011-07-19
ISIN MYQ0166OO007

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Description

Inari Amertron Berhad, established in Petaling Jaya, Malaysia in 2006, operates as an investment holding company with a core focus on providing electronic manufacturing services (EMS) and outsourced semiconductor assembly and testing (OSAT). The company’s international reach spans Malaysia, Singapore, the United States, China, and the Philippines. Specializing in radio frequency (RF), fiber-optic transceivers, optoelectronics, sensors, and custom integrated circuit (IC) technologies, Inari offers a wide array of services. These include advanced wafer processing, such as bumping, probing, laser marking, die sawing, back grinding, flip-chip dice tape and reel, and automated visual inspection. For fiber optic chips, it provides fabrication and certification, encompassing wafer scribe and cleave, bar alignment, demount-load fixtures, facet coating, and chip-on-carrier solutions. The company also excels in sophisticated system-in-package (SiP) assembly and testing. This involves fine-pitch surface mount technology (SMT), high-speed and high-accuracy flip-chip placement, in-line post-vision, molding underfill, post-mold oxide plating, and final testing for advanced communication chips. Additional services cover new product introduction (NPI), failure analysis, design and characterization for sensor and IC packages, process customization, product testing, box build, and direct-to-end-customer dropshipping. Furthermore, Inari Amertron manufactures electronic optical fiber and optoelectronic devices, communication chips, and prepares dies. It undertakes the manufacturing, assembly, and testing of various optoelectronic and sensor components, modules, and systems. The company also designs and develops fiber optic products, alongside designing, assembling, and supplying both standard and customized semiconductor manufacturing process tools and their parts. Its portfolio also includes property investments.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
MYR2.18 +0.01 (+0.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
26M
Beta
0.81
Float Shares
2.61B
Free Float %
68.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.54% +1.60% +4.95% +27.33% -20.75% +13.69% +3.80% -15.49% -41.05% +89.11% +1,599.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.18
DCF (Unlevered) 1.69 -22.3%
DCF (Levered) 1.46 -32.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 42% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 7 0
Hold 11 -1
Sell 0 -2
Strong Sell 0 0
Quality scores
Altman Z-Score
18.62
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Semiconductors: +12.5%
    -8.6% Q1'26: -13.8% (vs Q1'25)
  • EPS growth Semiconductors: +22.5%
    -27.7% Q1'26: -49.3% (vs Q1'25)
  • FCF margin FCF growth · Semiconductors: +38.2%
    +14.2% Q1'26: +19.1% (vs Q1'25)
  • EBIT margin Semiconductors: +10.7%
    +16.4% Q1'26: +7.0% (vs Q1'25)
  • ROIC Semiconductors: +6.0%
    +22.3% Q1'26: +7.5% (vs Q1'25)
  • Share dilution Semiconductors: +0.0%
    +0.8% Q1'26: +0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×
    0.04× Q1'26: 0.07× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.74) × ERP
WACC = 100% × Ke + 0% × Kd (13.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.69 Current price: 2.18
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
18 Rev. Ana.
15 EPS Ana.
Jun 2027
18 Rev. Ana.
17 EPS Ana.
Jun 2028
11 Rev. Ana.
8 EPS Ana.
Jun 2029
9 Rev. Ana.
7 EPS Ana.
Revenue
933.10M
est: 932.05M (+0.1%)
1.04B
est: 1.07B (-2.3%)
1.18B
est: 1.18B (-0.1%)
1.38B
est: 1.46B (-5.9%)
1.15B
est: 1.22B (-5.1%)
1.06B
est: 1.07B (-1.5%)
1.43B
est: 1.43B (-0.2%)
1.55B
est: 1.70B (-8.8%)
1.35B
est: 1.38B (-2.1%)
1.48B
est: 1.51B (-1.9%)
1.35B
est: 1.41B (-4.4%)
1.21B
1.00B – 1.38B
-14.3% YoY
1.38B
1.19B – 1.58B
+13.6% YoY
1.50B
1.27B – 1.71B
+8.7% YoY
1.49B
1.26B – 1.70B
-0.4% YoY
EBITDA
190.57M
est: 293.69M (-35.1%)
208.55M
est: 336.47M (-38.0%)
309.45M
est: 371.09M (-16.6%)
380.84M
est: 461.02M (-17.4%)
312.34M
est: 382.98M (-18.4%)
274.07M
est: 338.13M (-18.9%)
455.67M
est: 451.16M (+1.0%)
548.12M
est: 534.54M (+2.5%)
463.01M
est: 435.74M (+6.3%)
434.93M
est: 474.95M (-8.4%)
360.16M
est: 445.44M (-19.1%)
381.93M
315.20M – 434.19M
-14.3% YoY
433.83M
375.52M – 498.75M
+13.6% YoY
471.46M
399.12M – 539.17M
+8.7% YoY
469.40M
397.38M – 536.81M
-0.4% YoY
EBIT
155.05M
est: 218.92M (-29.2%)
155.15M
est: 250.80M (-38.1%)
242.97M
est: 276.61M (-12.2%)
296.82M
est: 343.64M (-13.6%)
217.22M
est: 285.47M (-23.9%)
173.17M
est: 252.04M (-31.3%)
352.77M
est: 336.29M (+4.9%)
447.14M
est: 398.44M (+12.2%)
357.56M
est: 324.80M (+10.1%)
312.00M
est: 354.03M (-11.9%)
222.24M
est: 332.02M (-33.1%)
284.69M
234.95M – 323.64M
-14.3% YoY
323.37M
279.91M – 371.77M
+13.6% YoY
351.42M
297.50M – 401.89M
+8.7% YoY
349.89M
296.20M – 400.13M
-0.4% YoY
Net Income
152.54M
est: 201.64M (-24.4%)
148.25M
est: 197.67M (-25.0%)
227.76M
est: 258.36M (-11.8%)
249.27M
est: 324.40M (-23.2%)
191.72M
est: 235.93M (-18.7%)
155.75M
est: 169.14M (-7.9%)
330.47M
est: 370.94M (-10.9%)
390.92M
est: 411.55M (-5.0%)
323.54M
est: 346.11M (-6.5%)
300.19M
est: 339.19M (-11.5%)
218.75M
est: 261.82M (-16.5%)
203.39M
177.41M – 247.63M
-22.3% YoY
249.26M
203.71M – 301.93M
+22.6% YoY
277.15M
221.86M – 328.89M
+11.2% YoY
276.84M
221.62M – 328.53M
-0.1% YoY
SGA
66.96M
est: 57.95M (+15.5%)
69.74M
est: 66.39M (+5.0%)
93.52M
est: 73.23M (+27.7%)
108.67M
est: 90.97M (+19.5%)
73.82M
est: 75.57M (-2.3%)
68.75M
est: 66.72M (+3.0%)
91.01M
est: 89.03M (+2.2%)
80.15M
est: 105.48M (-24.0%)
75.80M
est: 85.98M (-11.8%)
92.63M
est: 93.72M (-1.2%)
103.81M
est: 87.90M (+18.1%)
75.36M
62.20M – 85.68M
-14.3% YoY
85.60M
74.10M – 98.42M
+13.6% YoY
93.03M
78.76M – 106.39M
+8.7% YoY
92.62M
78.41M – 105.93M
-0.4% YoY
EPS
0.06
est: 0.05 (+15.2%)
0.05
est: 0.05 (-0.9%)
0.08
est: 0.07 (+11.8%)
0.08
est: 0.09 (-5.6%)
0.06
est: 0.06 (-2.7%)
0.05
est: 0.04 (+8.7%)
0.10
est: 0.10 (+2.2%)
0.11
est: 0.11 (+1.3%)
0.09
est: 0.09 (-5.0%)
0.08
est: 0.09 (-10.5%)
0.06
est: 0.07 (-16.3%)
0.05
0.05 – 0.07
-22.3% YoY
0.07
0.05 – 0.08
+22.6% YoY
0.07
0.06 – 0.09
+11.2% YoY
0.07
0.06 – 0.09
-0.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-25 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-22 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-21 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-20 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-19 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-18 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-15 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-14 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-13 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-12 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-11 A- 4/5 4/5 3/5 4/5 4/5 2/5 3/5
2026-05-08 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-05-04 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-04-29 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-04-28 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-04-27 A- 4/5 4/5 3/5 4/5 4/5 2/5 4/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
171.72M
OE per share TTM
0.05
Owner's Yield
2.28%
Maintenance CapEx ratio
155.89%
Maint CapEx / Avg PPE
42.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 49 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.12% 84.7K 0.74%
2 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.09% 105.2K 0.42%
3 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.08% 277.5K 0.74%
4 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.07% 267.3K 0.72%
5 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.07% 419.0K 0.55%
6 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.05% 6.44M 0.06%
7 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.02% 487.7K 0.26%
8 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.02% 216.2K 0.48%
9 iShares MSCI Global Semiconductors UCITS ETF USD Acc SEMI.AS 0.02% 893.5K 0.35%
10 Vanguard FTSE Emerging Markets ETF VWO 0.01% 24.07M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
39.1K
Shares Outstanding
3.81B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Mang Lee Mai Executive Director 620.0K male
Phon Guan Executive Director 620.0K male
Gian Kui Wong Executive Director 620.0K male
Lim Chee Chiang Head of Business Unit of Inari Semiconductor Labs Sdn Bhd male
Ong Tean Wee Head of Business Unit - Amertron Technology (Kunshan) Co. Ltd male
Poh Leng Chong Group Chief Financial Officer female
Seng Chuan Tan Executive Vice Chairman
Terence Chua Yee Heong Head of Business Unit of Inari MIT Sdn Bhd male
Kar Leong Khoo Head of Business Unit of Inari Integrated Systems Sdn Bhd male
Kean Cheong Lau Group Chief Executive Officer & Executive Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits