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Marco Holdings (3514) Fair Value & Analysis

Technology · MY · Market cap 111M MYR

MH Marco Holdings 3514 · KLSE
Price0.1050 MYR
Fair Value0.1900 MYR
Upside+81.0%
Quality67/100
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Mixed Growth
Thin margins · 5.9% net margin
generates free cash flow
Ranks above peers (9/11)
Narrow moat 40/100
Evidence: High Range 0.1500 MYR – 0.2400 MYR Share as image

Fair value as of: Jul 19, 2026

From 22 valuation models · updated 22 days ago

A solid business, screening 81% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.1500 MYR). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) 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)

0.1879 MYR 0.0793 MYR Fair Value 0.1900 MYR Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 0.0793 MYR – 0.1879 MYR · fair‑value band 0.1500 MYR – 0.2400 MYR · the 0.1050 MYR price screens below the 0.1900 MYR fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Marco Holdings (3514) currently trades at 0.1050 MYR, while our model-based Fair Value estimate is 0.1900 MYR, implying the stock looks roughly 81.0% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Technology 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, Marco Holdings generated revenue of 187M MYR at a net margin of 5.9%. Revenue grew 6.1% year over year. It earns a return on equity of 5.5%. The stock trades on a trailing P/E of 2.1. Fundamentals as of Jul 19, 2026

Our scenario range runs from 0.1500 MYR (bear case) to 0.2400 MYR (bull case); at 0.1050 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 19% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 81%, 3514 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
Residual Income 0.1300 MYR 0.1300 MYR 0.1100 MYR 76
Growth DCF 0.1500 MYR 0.1700 MYR 0.2100 MYR 72
Growth-Adj P/E 0.1100 MYR 0.1500 MYR 0.2000 MYR 68
All 22 models by family
DCF Models
FCF DCF 0.1500 MYR 0.1700 MYR 0.2100 MYR 38
Owner Earnings 0.1400 MYR 0.1600 MYR 0.2000 MYR 31
5Y Revenue Exit 0.1400 MYR 0.1900 MYR 0.2500 MYR 39
5Y EBITDA Exit 0.1700 MYR 0.2300 MYR 0.3100 MYR 41
5Y P/E Exit 0.1600 MYR 0.2100 MYR 0.2700 MYR 38
10Y Revenue Exit 0.1400 MYR 0.1700 MYR 0.2100 MYR 36
10Y EBITDA Exit 0.1600 MYR 0.2000 MYR 0.2400 MYR 37
10Y P/E Exit 0.1500 MYR 0.1900 MYR 0.2200 MYR 35
Earnings-Based
Graham-Dodd 0.0700 MYR 0.1100 MYR 0.1300 MYR 54
EPV 0.0900 MYR 0.1000 MYR 0.1000 MYR 59
Multiples
P/E Multiple 0.1500 MYR 0.2000 MYR 0.2500 MYR 63
P/S Multiple 0.1300 MYR 0.1700 MYR 0.2100 MYR 58
P/B Multiple 0.1300 MYR 0.1700 MYR 0.2100 MYR 55
EV/EBIT 0.2100 MYR 0.2600 MYR 0.3200 MYR 53
EV/EBITDA 0.2100 MYR 0.2700 MYR 0.3300 MYR 54
EV/Revenue 0.1500 MYR 0.2000 MYR 0.2500 MYR 43
Asset-Based
NCAV (Graham) 0.1000 MYR 0.1300 MYR 0.1900 MYR 50
Growth DCF
Growth DCF 0.1500 MYR 0.1700 MYR 0.2100 MYR 72
Rev-Margin DCF 0.1400 MYR 0.1900 MYR 0.2500 MYR 67
Economic Profit
Residual Income 0.1300 MYR 0.1300 MYR 0.1100 MYR 76
ROIC Compounder 0.0900 MYR 0.1000 MYR 0.1000 MYR 67
Growth Earnings
Growth-Adj P/E 0.1100 MYR 0.1500 MYR 0.2000 MYR 68

Widest divergence: Multiples (0.2000 MYR) versus Earnings-Based (0.1000 MYR). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 187M MYR
Revenue growth (YoY) +6.1%
Net margin 5.9%
Return on equity 5.5%
Free cash flow 15.4M MYR FY2025
P/E ratio 2.1
More key figures
Operating margin 8.3%
EPS (TTM) 0.0500 MYR
EPS growth (YoY) +13.4%

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 47

Profitability 41
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 82
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

Marco Holdings Berhad, an investment holding company, engages in wholesale and distribution of timepieces, consumer technology, electronic products, and electronic musical instruments in Malaysia.

Full company description

Marco Holdings Berhad, an investment holding company, engages in wholesale and distribution of timepieces, consumer technology, electronic products, and electronic musical instruments in Malaysia. The company imports, exports, and distributes calculators, time pieces, musical keyboards; retails watches, clocks, gifts, and other accessories; and trades time pieces and electronic calculators online. It also provides franchise management services. Marco Holdings Berhad was incorporated in 1969 and is based in Kuala Lumpur, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marco Holdings reported revenue of 176M MYR in FY2025 versus 155M MYR in FY2021, a compound +3.3%/yr. Reported net income was 10.6M MYR in FY2025, compounding −12.3%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
176M MYR
Latest YoY
−8.9%
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.
−0.3%
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.
+4.0%
Avg. growth/yr (14Y) 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.
+2.2%
Revenue +3.3%/yr
FY21 155M MYR
FY22 178M MYR
FY23 161M MYR
FY24 194M MYR
FY25 176M MYR
Net income −12.3%/yr
FY21 18.0M MYR
FY22 19.7M MYR
FY23 15.8M MYR
FY24 12.4M MYR
FY25 10.6M MYR

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Cite: Fair Value Calculator (2026). "Marco Holdings Fair Value". https://www.fairvalue-calculator.com/stock/3514

Peer Group

Electronics & Computer Distribution · 151 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 67 · Top 25%
Fair Value upside +81% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 4% · Above median
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 8% · Top 25%
Revenue growth 6% · Below median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 2.1× · Cheaper than 75% of peers
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 1.8× · Cheaper than median

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 14
FUTURE 31 · sector 57
PAST 22 · sector 36
HEALTH 0 · sector 98
DIVIDEND 0 · sector 39

Insider activity: 30/100

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is Marco Holdings (3514) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 0.1900 MYR versus a price of 0.1050 MYR, about +81% (undervalued).
What is the fair value of 3514?
Our model-based fair value for Marco Holdings is 0.1900 MYR (as of Jul 19, 2026), built from audited fundamentals. The current price is 0.1050 MYR.
What is the quality score of 3514?
Marco Holdings has a Quality Score of 67/100. 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 Marco Holdings (3514)?
Marco Holdings reported trailing-twelve-month revenue of about 187M MYR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of 3514?
The net profit margin of Marco Holdings is about 5.9%, meaning it keeps roughly 5.9% 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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