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MTAG Group (0213) Fair Value & Analysis

Industrials · MY · Market cap 146M MYR

MG MTAG Group 0213 · KLSE
Price0.2200 MYR
Fair Value0.3800 MYR
Upside+72.7%
Quality68/100
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Weak Growth
Solidly profitable · 13.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 38/100
Evidence: High Range 0.2900 MYR – 0.4700 MYR Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Share price +2.3% over the past month.

A solid business, screening 73% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2900 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.6253 MYR 0.2150 MYR Fair Value 0.3800 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 0.2150 MYR – 0.6253 MYR · fair‑value band 0.2900 MYR – 0.4700 MYR · the 0.2200 MYR price screens below the 0.3800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

MTAG Group (0213) currently trades at 0.2200 MYR, while our model-based Fair Value estimate is 0.3800 MYR, implying the stock looks roughly 72.7% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, MTAG Group generated revenue of 56.9M MYR at a net margin of 13.6%. Revenue declined 38.8% year over year. It earns a return on equity of 3.4%. The stock trades on a trailing P/E of 22.0. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.2900 MYR (bear case) to 0.4700 MYR (bull case); at 0.2200 MYR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 73%, 0213 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 0.4500 MYR 0.5500 MYR 0.7000 MYR 80
Residual Income 0.2300 MYR 0.2300 MYR 0.2100 MYR 76
Rev-Margin DCF 0.2800 MYR 0.3500 MYR 0.4300 MYR 74
All 24 models by family
DCF Models
FCF DCF 0.4400 MYR 0.5500 MYR 0.7200 MYR 38
Owner Earnings 0.1700 MYR 0.2100 MYR 0.2800 MYR 31
5Y Revenue Exit 0.2800 MYR 0.3400 MYR 0.4300 MYR 39
5Y EBITDA Exit 0.3400 MYR 0.4400 MYR 0.5800 MYR 41
5Y P/E Exit 0.3400 MYR 0.4500 MYR 0.5800 MYR 38
10Y Revenue Exit 0.3500 MYR 0.4000 MYR 0.4400 MYR 36
10Y EBITDA Exit 0.3800 MYR 0.4500 MYR 0.5200 MYR 37
10Y P/E Exit 0.3900 MYR 0.4600 MYR 0.5200 MYR 35
Earnings-Based
Graham-Dodd 0.1200 MYR 0.1500 MYR 0.1700 MYR 54
EPV 0.0900 MYR 0.1000 MYR 0.1100 MYR 59
Dividend Discount
Gordon GGM 0.1400 MYR 0.1500 MYR 0.1600 MYR 70
DDM Multi-Stage 0.1400 MYR 0.1600 MYR 0.1900 MYR 61
Multiples
P/E Multiple 0.2900 MYR 0.3800 MYR 0.4800 MYR 63
P/S Multiple 0.1600 MYR 0.2200 MYR 0.2700 MYR 58
P/B Multiple 0.2300 MYR 0.3100 MYR 0.3900 MYR 55
EV/EBIT 0.3000 MYR 0.4000 MYR 0.5000 MYR 53
EV/EBITDA 0.2900 MYR 0.3800 MYR 0.4700 MYR 54
EV/Revenue 0.1500 MYR 0.2100 MYR 0.2700 MYR 43
Asset-Based
NCAV (Graham) 0.1600 MYR 0.2200 MYR 0.3200 MYR 50
Growth DCF
Growth DCF 0.4500 MYR 0.5500 MYR 0.7000 MYR 80
Rev-Margin DCF 0.2800 MYR 0.3500 MYR 0.4300 MYR 74
Economic Profit
Residual Income 0.2300 MYR 0.2300 MYR 0.2100 MYR 76
ROIC Compounder 0.0900 MYR 0.1000 MYR 0.1100 MYR 72
Growth Earnings
Growth-Adj P/E 0.2000 MYR 0.2900 MYR 0.3800 MYR 68

Widest divergence: DCF Models (0.4400 MYR) versus Earnings-Based (0.1000 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 56.9M MYR
Revenue growth (YoY) -38.8%
Net margin 13.6%
Return on equity 3.4%
Free cash flow 39.8M MYR FY2025
P/E ratio 22.0
More key figures
Operating margin 4.1%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) -74.9%

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 69 · Market factors (momentum, volatility) 33

Profitability 35
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

MTAG Group Berhad, an investment holding company, provides labels and stickers printing, and material converting services in Malaysia and internationally. It operates through three segments: Converting, Distribution, and Investment Holding.

Full company description

MTAG Group Berhad, an investment holding company, provides labels and stickers printing, and material converting services in Malaysia and internationally. It operates through three segments: Converting, Distribution, and Investment Holding. The company offers ferrous metal products including mild, carbon, and stainless steel, and cast iron; non-ferrous metal products, which includes aluminum, copper, lead, bronze, and brass; and flat products comprising plates, sheets, and coils, as well as rolled-long products, such as bars, rods, shafts, sections, angles, channels, tubes, and pipes. It also provides profile-cutting services, including AutoCAD drafting, CNC oxy and CNC high definition plasma profile cutting, bandsaw sawing, fiber cutting, milling and grinding, precision machining, and steel fabrication and welding work. In addition, the company offers label and sticker products including computer and warranty seal stickers, paper materials and printing, UL-approved labels, and clean room application stickers; barcode system products comprising bar codes, fax, food packages, ticket vending machines, cards; and die-cutting and punching products, such as foams, cushions, panels, double-sided tapes, and protection tapes. Further, it provides tape, protective, adhesive, cleanroom, disposable, and abrasive products; and carrier and cover tapes, and static controls. MTAG Group Berhad was founded in 1995 and is headquartered in Johor Bahru, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MTAG Group reported revenue of 73.4M MYR in FY2025 versus 194M MYR in FY2021, a compound −21.5%/yr. Reported net income was 12.3M MYR in FY2025, compounding −22.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
73.4M MYR
Latest YoY
−30.7%
Avg. growth/yr (3Y) 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.
−25.9%
Avg. growth/yr (5Y) 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.
−15.1%
Avg. growth/yr (9Y) 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.
−5.9%
Revenue −21.5%/yr
FY21 194M MYR
FY22 180M MYR
FY23 154M MYR
FY24 106M MYR
FY25 73.4M MYR
Net income −22.2%/yr
FY21 33.6M MYR
FY22 30.1M MYR
FY23 30.1M MYR
FY24 20.3M MYR
FY25 12.3M MYR

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Cite: Fair Value Calculator (2026). "MTAG Group Fair Value". https://www.fairvalue-calculator.com/stock/0213

Peer Group

Specialty Business Services · 253 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside +73% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 4% · Below median
Revenue growth -39% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 21.5× · Pricier than median
P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.63× · Cheaper than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 5.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 24
FUTURE 0 · sector 27
PAST 14 · sector 33
HEALTH 100 · sector 92
DIVIDEND 0 · sector 54

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is MTAG Group (0213) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.3800 MYR versus a price of 0.2200 MYR, about +73% (undervalued).
What is the fair value of 0213?
Our model-based fair value for MTAG Group is 0.3800 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.2200 MYR.
What is the quality score of 0213?
MTAG Group has a Quality Score of 68/100. 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 revenue of MTAG Group (0213)?
MTAG Group reported trailing-twelve-month revenue of about 56.9M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 0213?
The net profit margin of MTAG Group is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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