Microequities Asset Management Group Ltd (MAM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Microequities Asset Management Group Ltd stock A$0.64, price A$0.32, upside +100.0%, quality 78 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 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 3, 2026.
How to read this chart
60‑month range A$0.3050 – A$0.7013 · fair‑value band A$0.3160 – A$0.9190 · the A$0.3200 price screens below the A$0.6400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Microequities Asset Management Group Limited provides investment fund management in Australia. It offers deep value, global value microcap, pure microcap, high income microcap, private to beyond the IPO, value earth, and value income funds.
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The company was formerly known as Microequities Ltd. and changed its name to Microequities Asset Management Group Limited in March 2018. Microequities Asset Management Group Limited was incorporated in 2004 and is based in Sydney, Australia.
Stock analysis
Microequities Asset Management Group Ltd (MAM) currently trades at A$0.3200, while our model-based Fair Value estimate is A$0.6400, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$0.9550 per share, and 9 of the 12 models we run sit above the A$0.3200 price.
Bear case: the Economic Profit group reads lowest at A$0.3200, and 3 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.3160 (bear) to A$0.9190 (bull), the price of A$0.3200 sits inside 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 78/100 (high quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Microequities Asset Management Group Ltd reported revenue of A$13.7M in FY2026 versus A$25.3M in FY2022, a compound −14.2%/yr. Reported net income was A$5.7M in FY2026, compounding −20.2%/yr from FY2022.
Key figures
Market cap A$42.0M (≈ $29.0M) Micro · P/E ratio 8.0 · P/S ratio 3.94 · EPS (TTM) A$0.0400 · Dividend yield 10.3% · Net margin 53.6% · Return on equity 25.6% · Return on assets (EBIT) 44.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 89 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 100%, MAM screens cheaper than that median.
Fair Value models
BearA$0.3160Fair Value A$0.6400BullA$0.9190
Price A$0.3200 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 4 months old). Earnings retained since then (A$0.0025 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.4%
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.
+5.5%
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.
−7.8%
Start year 2021 (pandemic). Over 10 years: +5.0% a year
Revenue growth 12 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.
+16.3%
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What shareholders gained per year (last 5 years) ⓘ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.
−5.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.2%
Dividend (yield on the price)10.3%
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.−16.2% vs 1.6%, slowing
Profit margin 2021 to 2026 ⓘ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.94% → 56%
Pace: the 5-year rate starts in 2021 (pandemic)
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).
−16.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −18.5% a year for the price.
Compare Microequities Asset Management Group Ltd with another stock
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.Asset Management · 587 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)25.6% · Top 25%
Return on assets20.7% · Top 25%
Net margin (12 months)53.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.0% · Below median
Dividend yield (12 months)10.3% · Top 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Microequities Asset Management Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MAM
Frequently asked questions
Is Microequities Asset Management Group Ltd (MAM) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of A$0.6400 versus a price of A$0.3200, about +100% upside (undervalued).
What is the fair value of MAM?
Our model-based fair value for Microequities Asset Management Group Ltd is A$0.6400 (as of Nov 3, 2026), built from audited fundamentals. The current price: A$0.3200.
What is the quality score of MAM?
Microequities Asset Management Group Ltd has a Quality Score of 78/100. 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 Microequities Asset Management Group Ltd (MAM)?
Our model-based price target is the fair value of A$0.6400 (as of Nov 3, 2026) from 12 valuation models. Cautious scenario A$0.3160, optimistic scenario A$0.9190. It is a calculation from audited fundamentals, not an analyst target.
What is the Microequities Asset Management Group Ltd stock forecast for 2026?
Our models put fair value at A$0.6400, about +100% upside versus a price of A$0.3200 (undervalued). Cautious scenario A$0.3160, optimistic scenario A$0.9190. The calculation is refreshed regularly with new filings.
What is the revenue of Microequities Asset Management Group Ltd (MAM)?
Microequities Asset Management Group Ltd reported trailing-twelve-month revenue of about A$10.7M (latest available figure, as of Nov 3, 2026).
Does Microequities Asset Management Group Ltd pay a dividend?
Microequities Asset Management Group Ltd currently shows a dividend yield of 10.31% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Microequities Asset Management Group Ltd (MAM) and when is the ex-dividend date?
Microequities Asset Management Group Ltd pays a dividend of A$0.033 per share a year, a dividend yield of 10.3%. The last ex-dividend date was Aug 20, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 82.5% of earnings. Free cash flow covers the dividend 1.73 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Microequities Asset Management Group Ltd (MAM)?
For today's price to be fair in a discounted-cash-flow model, Microequities Asset Management Group Ltd would have to grow free cash flow by -16.1 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.8 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of MAM use?
Our models discount Microequities Asset Management Group Ltd at 8.6 %: a base by market capitalisation (nano), damped by beta 0.62, country premium for Australia. 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 Microequities Asset Management Group Ltd that is -16.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Microequities Asset Management Group Ltd (MAM) delivered so far?
Over the past 5 years revenue at Microequities Asset Management Group Ltd grew -7.8 % a year. The price currently implies free-cash-flow growth of -16.1 % 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 Microequities Asset Management Group Ltd (MAM) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Microequities Asset Management Group Ltd (-16.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Microequities Asset Management Group Ltd (MAM)?
The free-cash-flow yield on the price is 17.79 %: that much free cash flow Microequities Asset Management Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Microequities Asset Management Group Ltd (MAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Microequities Asset Management Group Ltd it is A$0.6400 per share (as of Nov 3, 2026), against a price of A$0.3200. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Microequities Asset Management Group Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, MAM trades below its calculated fair value: price A$0.3200, fair value A$0.6400, a gap of about +100% (undervalued). 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 MAM?
No. The price is what the market pays today (A$0.3200); the fair value is what the company's own numbers justify (A$0.6400). For Microequities Asset Management Group Ltd the two are A$0.3200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Microequities Asset Management Group Ltd worth?
The market values Microequities Asset Management Group Ltd at about A$42.0M (market capitalisation, as of Nov 3, 2026). Per share that is A$0.3200; our models calculate a fair value of A$0.6400 per share.
What do the bullish and bearish scenarios say about MAM?
Our models span a range for Microequities Asset Management Group Ltd: cautious scenario A$0.3160, base A$0.6400, optimistic A$0.9190 per share (as of Nov 3, 2026, price A$0.3200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAM?
Microequities Asset Management Group Ltd trades at a price-to-earnings ratio of 8.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.6400 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2018 to 2026), reported earnings: 11.7. Other multiples: P/B 1.8, P/S 3.9, EV/EBITDA 5.1.
How solid is the balance sheet of Microequities Asset Management Group Ltd (MAM)?
Balance-sheet figures for Microequities Asset Management Group Ltd (as of Nov 3, 2026): return on equity 25.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is MAM from its 52-week high?
Microequities Asset Management Group Ltd trades at A$0.3200, about 45% below its 52-week high of A$0.5813 and 5% above the low of A$0.3050 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.6400 is for.
Which stocks are comparable to Microequities Asset Management Group Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 Microequities Asset Management Group Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price A$0.3200, calculated fair value A$0.6400 (+100%), Quality Score 78/100, from 12 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 MAM calculated?
We run Microequities Asset Management Group Ltd through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$0.6400 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 13.3% above its aggregate fair value. Microequities Asset Management Group Ltd currently trades 50% below its own fair value, and the market average says nothing about that. 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 Microequities Asset Management Group Ltd (MAM)?
The closing price on Nov 6, 2026 was A$0.3200. Our model-based fair value is A$0.6400, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Microequities Asset Management Group Ltd right now?
The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (A$0.3160 to A$0.9190). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Microequities Asset Management Group Ltd (MAM) come from?
Earnings per share at Microequities Asset Management Group Ltd grew −0.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.4 %, EBIT margin −1.9 %, tax rate +0.1 %, residual (interest, one-offs) −3.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Microequities Asset Management Group Ltd
How large is the market capitalisation of Microequities Asset Management Group Ltd (MAM)?
The market capitalisation of Microequities Asset Management Group Ltd is A$42.0M (≈ $29.0M). 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 Microequities Asset Management Group Ltd (MAM)?
The price-to-sales ratio of Microequities Asset Management Group Ltd is 3.94 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Microequities Asset Management Group Ltd (MAM)?
Earnings per share at Microequities Asset Management Group Ltd are A$0.0400 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Microequities Asset Management Group Ltd (MAM)?
The dividend yield of Microequities Asset Management Group Ltd is 10.3% (payout 82.5%). 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 Microequities Asset Management Group Ltd (MAM)?
The net margin of Microequities Asset Management Group Ltd is 53.6% (last twelve months). 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 Microequities Asset Management Group Ltd (MAM)?
The return on equity (ROE) of Microequities Asset Management Group Ltd is 25.6% (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 Microequities Asset Management Group Ltd (MAM)?
On an EBIT basis the return on assets of Microequities Asset Management Group Ltd is 44.5% (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 Microequities Asset Management Group Ltd (MAM)?
The operating margin of Microequities Asset Management Group Ltd is 2,149% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Microequities Asset Management Group Ltd (MAM)?
Revenue at Microequities Asset Management Group Ltd is growing +7.0% versus a year earlier (3y avg +5.5%). 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 Microequities Asset Management Group Ltd (MAM)?
Earnings per share at Microequities Asset Management Group Ltd are growing +42.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Microequities Asset Management Group Ltd (MAM) hold?
Microequities Asset Management Group Ltd holds more cash than debt, A$1.1M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026