Macau E And M Holding Ltd (1408) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Macau E And M Holding Ltd HK$0.26, price HK$0.41, upside -36.6%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Macau E And M Holding Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Macau E&M Holding Limited, an investment holding company, provides electrical and mechanical (E&M) engineering works, and maintenance and repair services in Macau.
Show more
Macau E&M Holding Limited, an investment holding company, provides electrical and mechanical (E&M) engineering works, and maintenance and repair services in Macau. The company engages in the supply and installation of low voltage systems; heating, ventilation, and air-conditioning systems; extra low voltage system works; testing and commissioning services; and management and monitoring of quality and delivery of E&M engineering services works. It also offers repair and maintenance services for property and hospitality facilities, including hotels and entertainment resorts. Macau E&M Holding Limited was founded in 2011 and is headquartered in Macau.
Stock analysis
Macau E And M Holding Ltd (1408) currently trades at HK$0.4100, while our model-based Fair Value estimate is HK$0.2600, 36.6% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of HK$0.5900 per share, and 8 of the 16 models we run sit above the HK$0.4100 price.
Bear case: the Earnings-Based group reads lowest at HK$0.0400, and 8 of the 16 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Macau E And M Holding Ltd reported revenue of 76.8M MOP in FY2025 versus 184M MOP in FY2021, a compound −19.7%/yr. Reported net income was 2.2M MOP in FY2025, compounding −46.3%/yr from FY2021.
Key figures
Market cap HK$205M (≈ $26.1M) · P/S ratio 2.22 · Net margin 2.8% · Return on equity 1.1% · Return on assets (EBIT) 1.4% · Revenue (TTM) 75.3M MOP · Revenue growth (YoY) +4.3% · EPS growth (YoY) +33.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 90% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −37%, 1408 screens richer than that median.
Fair Value models
Bear HK$0.2600Fair Value HK$0.2600Bull HK$0.2600
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.6%
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.
−18.7%
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.
−22.6%
Start year 2020 (pandemic)
Revenue growth 8 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.
−8.8%
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−41.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−41.3%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2025 ⓘ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.20% → −3%
⚠ Revenue per share shrinking 13.4%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Macau E And M Holding Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Engineering & Construction · 802 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−36.6% · Below median
Profitability
Return on equity (TTM)1.1% · Below median
Return on assets−0.5% · Bottom 25%
Net margin (TTM)2.8% · Below median
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth4.3% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B0.13× · Cheapest 25%
P/S (TTM)0.35× · Cheaper than median
P/FCF1.1× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)22· sector 13
PAST (return on equity)4· sector 27
HEALTH (low debt)97· sector 94
DIVIDEND (yield)0· sector 40
VALUE 0: the price sits above our fair-value range.
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). "Macau E And M Holding Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1408
Frequently asked questions
Is Macau E And M Holding Ltd (1408) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.2600 versus a price of HK$0.4100, about −37% upside (overvalued).
What is the fair value of 1408?
Our model-based fair value for Macau E And M Holding Ltd is HK$0.2600 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.4100.
What is the quality score of 1408?
Macau E And M Holding Ltd has a Quality Score of 73/100. 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 Macau E And M Holding Ltd (1408)?
Our model-based price target is the fair value of HK$0.2600 (as of Sep 27, 2026) from 16 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Macau E And M Holding Ltd stock forecast for 2026?
Our models put fair value at HK$0.2600, about −37% upside versus a price of HK$0.4100 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Macau E And M Holding Ltd (1408)?
Macau E And M Holding Ltd reported trailing-twelve-month revenue of about 75.3M MOP (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Macau E And M Holding Ltd (1408)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Macau E And M Holding Ltd it is HK$0.2600 per share (as of Sep 27, 2026), against a price of HK$0.4100. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Macau E And M Holding Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1408 trades above its calculated fair value: price HK$0.4100, fair value HK$0.2600, a gap of about −37% (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 1408?
No. The price is what the market pays today (HK$0.4100); the fair value is what the company's own numbers justify (HK$0.2600). For Macau E And M Holding Ltd the two are HK$0.1500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Macau E And M Holding Ltd worth?
The market values Macau E And M Holding Ltd at about HK$205M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.4100; our models calculate a fair value of HK$0.2600 per share.
How solid is the balance sheet of Macau E And M Holding Ltd (1408)?
Balance-sheet figures for Macau E And M Holding Ltd (as of Sep 27, 2026): return on equity 1.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 1408 from its 52-week high?
Macau E And M Holding Ltd trades at HK$0.4100, about 9% below its 52-week high of HK$0.4527 and 90% above the low of HK$0.2159 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.2600 is for.
Which stocks are comparable to Macau E And M Holding Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Macau E And M Holding Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.4100, calculated fair value HK$0.2600 (−37%), Quality Score 73/100, from 16 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 1408 calculated?
We run Macau E And M Holding Ltd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$0.2600, 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 14.7 % above its aggregate fair value. Macau E And M Holding 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 Macau E And M Holding Ltd (1408)?
The closing price on Sep 30, 2026 was HK$0.4100. Our model-based fair value is HK$0.2600, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Macau E And M Holding Ltd right now?
A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (HK$0.2600). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Macau E And M Holding Ltd
How large is the market capitalisation of Macau E And M Holding Ltd (1408)?
The market capitalisation of Macau E And M Holding Ltd is HK$205M (≈ $26.1M). 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 Macau E And M Holding Ltd (1408)?
The price-to-sales ratio of Macau E And M Holding Ltd is 2.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Macau E And M Holding Ltd (1408)?
The net margin of Macau E And M Holding Ltd is 2.8% (fiscal year 2025). 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 Macau E And M Holding Ltd (1408)?
The return on equity (ROE) of Macau E And M Holding Ltd is 1.1% (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 Macau E And M Holding Ltd (1408)?
On an EBIT basis the return on assets of Macau E And M Holding Ltd is 1.4% (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.
How fast is revenue growing at Macau E And M Holding Ltd (1408)?
Revenue at Macau E And M Holding Ltd is growing +4.3% versus a year earlier (3y avg −18.7%). 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 Macau E And M Holding Ltd (1408)?
Earnings per share at Macau E And M Holding Ltd are growing +33.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Macau E And M Holding Ltd (1408) generate?
The free cash flow of Macau E And M Holding Ltd is 23.6M MOP (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Macau E And M Holding Ltd (1408) hold?
Macau E And M Holding Ltd holds more cash than debt, 101M MOP net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Macau E And M Holding Ltd in the live analysis
One click puts Macau E And M Holding Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
