3-D Matrix Ltd (DMTRF) fair value: what the stock is really worth
As of Oct 15, 2026: fair value (intrinsic value) of 3-D Matrix Ltd stock $1.02, price $2.43, that is 57.9% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $0.6900 – $4.75 · fair‑value band $0.6290 – $1.47 · the $2.43 price screens above the $1.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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3-D Matrix, Ltd. developing, manufacturing, and selling self-assembling peptide technology in Japan and internationally. It offers PuraMatrix, a self-assembling peptide hydrogel for use in the regenerative medicine, cell therapy, drug delivery systems, and other uses in various fields.
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The company was incorporated in 2004 and is based in Tokyo, Japan
Stock analysis
3-D Matrix Ltd (DMTRF) currently trades at $2.43, while our model-based Fair Value estimate is $1.02, 58% 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 $9.54 per share, and 8 of the 24 models we run sit above the $2.43 price.
Bear case: the Asset-Based group reads lowest at $0.3100, and 16 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $0.6290 (bear) to $1.47 (bull), the price of $2.43 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 61/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
3-D Matrix Ltd reported revenue of ¥10.9B in FY2026 versus ¥1.5B in FY2022, a compound +63.9%/yr. Reported net income was ¥4.1B in FY2026.
Key figures
Market cap $325M Small · P/E ratio 14.3 · P/S ratio 5.45 · EPS (TTM) $0.1700 · Net margin 38.2% · Return on equity 74.6% · Return on assets (EBIT) −28.6% (5-year average) · Operating margin 15.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 83 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 62% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 9% fair-value upside, at −58%, DMTRF screens richer than that median.
Fair Value models
Bear$0.6290Fair Value $1.02Bull$1.47
Price $2.43 · Downside -57.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then ($0.0904 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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF$0.3900$0.5100$0.850077
Growth DCF$0.3800$0.5500$0.810076
EPV$0.6100$0.6700$0.720074
All 24 models by family
DCF Models
FCF DCF$0.3900$0.5100$0.850077
Owner Earnings$2.33$4.65$8.9070
5Y Revenue Exit$0.6600$1.13$2.1067
5Y EBITDA Exit$0.7000$1.19$2.1770
5Y P/E Exit$2.54$6.20$11.3164
10Y Revenue Exit$0.5500$1.20$1.6764
10Y EBITDA Exit$0.6000$1.27$2.4862
10Y P/E Exit$1.81$4.86$10.1057
Earnings-Based
Graham-Dodd$1.40$9.73$13.6661
Lynch FV$5.03$7.18$9.3459
PEG = 1.0$5.03$7.18$9.3455
EPV$0.6100$0.6700$0.720074
Multiples
P/E Multiple$3.39$4.52$5.6463
P/S Multiple$1.41$1.88$2.3558
P/B Multiple$1.04$1.38$1.7355
EV/EBIT$0.9500$1.23$1.5166
EV/EBITDA$0.8000$1.03$1.2667
EV/Revenue$0.7100$0.9700$1.2354
Asset-Based
NCAV (Graham)$0.2000$0.3100$0.380055
Growth DCF
Growth DCF$0.3800$0.5500$0.810076
Rev-Margin DCF$0.7200$1.27$2.4067
Economic Profit
Residual Income$1.09$1.91$5.3058
ROIC Compounder$0.7400$1.01$1.2970
Growth Earnings
Growth-Adj P/E$6.67$9.54$12.4065
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+56.7%
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.
+67.5%
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.
+60.4%
Start year 2021 (pandemic). Over 10 years: +54.3% a year
Revenue growth 15 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.
+32.6%
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Profit margin (trend) ⓘ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.
−258.6% (2021) → 12.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+52.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +49.1% a year for the price.
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.Medical Devices · 400 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−57.9% · Bottom 25%
Profitability
Return on equity (12 months)74.6% · Top 25%
Return on assets42.4% · Top 25%
Net margin (12 months)31.0% · Top 25%
Operating margin (12 months)15.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)47.0% · Top 25%
Valuation Multiplesvs Medical Devices median · lower = cheaper
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Is 3-D Matrix Ltd (DMTRF) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $1.02 versus the last price from Oct 15, 2026 of $2.43, about 58% lower (overvalued).
What is the fair value of DMTRF?
Our model-based fair value for 3-D Matrix Ltd is $1.02 (as of Nov 8, 2026), built from audited fundamentals. Last price (from Oct 15, 2026): $2.43.
What is the quality score of DMTRF?
3-D Matrix Ltd has a Quality Score of 61/100. 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 3-D Matrix Ltd (DMTRF)?
Our model-based price target is the fair value of $1.02 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario $0.6290, optimistic scenario $1.47. It is a calculation from audited fundamentals, not an analyst target.
What is the 3-D Matrix Ltd stock forecast for 2026?
Our models put fair value at $1.02, about 58% lower versus the last price from Oct 15, 2026 of $2.43 (overvalued). Cautious scenario $0.6290, optimistic scenario $1.47. The calculation is refreshed regularly with new filings.
What is the revenue of 3-D Matrix Ltd (DMTRF)?
3-D Matrix Ltd reported trailing-twelve-month revenue of about ¥11.9B (latest available figure, as of Nov 8, 2026).
What growth is priced into 3-D Matrix Ltd (DMTRF)?
For today's price to be fair in a discounted-cash-flow model, 3-D Matrix Ltd would have to grow free cash flow by +52.3 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +60.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of DMTRF use?
Our models discount 3-D Matrix Ltd at 11.2 %: a base by market capitalisation (small), damped by beta 0.99, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For 3-D Matrix Ltd that is +52.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has 3-D Matrix Ltd (DMTRF) delivered so far?
Over the past 5 years revenue at 3-D Matrix Ltd grew +60.4 % a year. The price currently implies free-cash-flow growth of +52.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of 3-D Matrix Ltd (DMTRF) growing?
The median revenue growth in the sector is +5.9 % a year. That is the yardstick for the growth priced into 3-D Matrix Ltd (+52.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of 3-D Matrix Ltd (DMTRF)?
The free-cash-flow yield on the price is 0.72 %: that much free cash flow 3-D Matrix Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 3-D Matrix Ltd (DMTRF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 3-D Matrix Ltd it is $1.02 per share (as of Nov 8, 2026), against a price of $2.43. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is 3-D Matrix Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DMTRF trades above its calculated fair value: price $2.43, fair value $1.02, a gap of about −58% (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 DMTRF?
No. The price is what the market pays today ($2.43); the fair value is what the company's own numbers justify ($1.02). For 3-D Matrix Ltd the two are $1.41 per share apart. That gap is exactly why we show both numbers side by side.
How much is 3-D Matrix Ltd worth?
The market values 3-D Matrix Ltd at about $325M (market capitalisation, as of Nov 8, 2026). Per share that is $2.43; our models calculate a fair value of $1.02 per share.
What do the bullish and bearish scenarios say about DMTRF?
Our models span a range for 3-D Matrix Ltd: cautious scenario $0.6290, base $1.02, optimistic $1.47 per share (as of Nov 8, 2026, price $2.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DMTRF?
3-D Matrix Ltd trades at a price-to-earnings ratio of 14.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.02 is built from several models across several years. Other multiples: P/B 7.6, P/S 4.3, EV/EBITDA 36.4.
How solid is the balance sheet of 3-D Matrix Ltd (DMTRF)?
Balance-sheet figures for 3-D Matrix Ltd (as of Nov 8, 2026): return on equity 74.6%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is DMTRF from its 52-week high?
3-D Matrix Ltd trades at $2.43, about 39% below its 52-week high of $3.96 and 62% above the low of $1.50 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1.02 is for.
Which stocks are comparable to 3-D Matrix Ltd?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, 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 3-D Matrix Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $2.43, calculated fair value $1.02 (−58%), Quality Score 61/100, from 24 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 DMTRF calculated?
We run 3-D Matrix Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $1.02 builds on their evidence-weighted average, 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 13.7% above its aggregate fair value. 3-D Matrix Ltd 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 3-D Matrix Ltd (DMTRF)?
The latest price we hold is from Oct 15, 2026 and stands at $2.43. Our model-based fair value is $1.02, about 58% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 3-D Matrix Ltd right now?
The price sits above even our optimistic bull case ($1.47). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($0.6290 to $1.47) leaves room in how you read the outcome.
Key figures of 3-D Matrix Ltd
How large is the market capitalisation of 3-D Matrix Ltd (DMTRF)?
The market capitalisation of 3-D Matrix Ltd is $325M. 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 3-D Matrix Ltd (DMTRF)?
The price-to-sales ratio of 3-D Matrix Ltd is 5.45 (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 3-D Matrix Ltd (DMTRF)?
Earnings per share at 3-D Matrix Ltd are $0.1700 (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of 3-D Matrix Ltd (DMTRF)?
The net margin of 3-D Matrix Ltd is 38.2% (fiscal year 2026). 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 3-D Matrix Ltd (DMTRF)?
The return on equity (ROE) of 3-D Matrix Ltd is 74.6% (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 3-D Matrix Ltd (DMTRF)?
On an EBIT basis the return on assets of 3-D Matrix Ltd is −28.6% (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 3-D Matrix Ltd (DMTRF)?
The operating margin of 3-D Matrix Ltd is 15.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 3-D Matrix Ltd (DMTRF)?
Revenue at 3-D Matrix Ltd is growing +47.0% versus a year earlier (3y avg +67.5%). 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 3-D Matrix Ltd (DMTRF)?
Earnings per share at 3-D Matrix Ltd are growing −62.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does 3-D Matrix Ltd (DMTRF) hold?
3-D Matrix Ltd holds more cash than debt, ¥2.2B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026