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MAYO Human Capital Inc (6738) Fair Value & Analysis

Technology · TW · Market cap 2.4B TWD

MH MAYO Human Capital Inc 6738 · TWO
Price78.10 TWD
Fair Value104.98 TWD
Upside+34.4%
Quality28/100
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Expensive Growth
Loss-making · -38.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 8/100
Evidence: Low Range 69.25 TWD – 131.08 TWD Share as image

Fair value as of: Jul 21, 2026

From 1 valuation models · updated 20 days ago

Share price +19.4% over the past month.

Below-average quality, screening 34% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (69.25 TWD to 131.08 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (8 months)

80.30 TWD 64.00 TWD Fair Value 104.98 TWD Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 21, 2026.

How to read this chart

8‑month range 64.00 TWD – 80.30 TWD · fair‑value band 69.25 TWD – 131.08 TWD · the 78.10 TWD price screens below the 104.98 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 21, 2026.

Full chart & analysis →

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Analysis

MAYO Human Capital Inc (6738) currently trades at 78.10 TWD, while our model-based Fair Value estimate is 104.98 TWD, implying the stock looks roughly 34.4% undervalued today. The Quality Score stands at 28/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, MAYO Human Capital Inc generated revenue of 170M TWD at a net margin of -38.3%. Revenue declined 0.6% year over year. It earns a return on equity of -45.3%. The balance sheet holds a net cash position of 159M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 69.25 TWD (bear case) to 131.08 TWD (bull case); at 78.10 TWD, the current price sits within 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 7% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 34%, 6738 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
NCAV (Graham) 2.89 TWD 3.87 TWD 5.78 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 2.89 TWD 3.87 TWD 5.78 TWD 50

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Key figures & financial health

Revenue (TTM) 170M TWD
Revenue growth (YoY) -0.6%
Net margin -38.3%
Return on equity -45.3%
Free cash flow −59.9M TWD FY2025
Operating margin -30.1%
More key figures
EPS (TTM) -1.89 TWD
Net cash 159M TWD FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 35 · Market factors (momentum, volatility) 66

Profitability 14
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 0
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

MAYO Human Capital Inc. provides cloud-based human resources solutions services, cloud-based employee welfare integration services, electronic information supply services, and data processing primarily in Taiwan and Vietnam.

Full company description

MAYO Human Capital Inc. provides cloud-based human resources solutions services, cloud-based employee welfare integration services, electronic information supply services, and data processing primarily in Taiwan and Vietnam. The company offers apollo human resources management system, payroll outsourcing services, group-style operation solutions, high-tech manufacturing solutions, food and beverage/retail/service solutions, software/project/remote solutions, Taiwanese business multinational management solutions, foreign investor local management solutions, growth-oriented startup solutions, professional services solutions, and cloud-based paperless solutions. It also provides STAYFUN, an employee benefits integration platform that offers a variety of options for gifts and employee benefits. In addition, the company offers Cornerstone, an integrated cloud platform. MAYO Human Capital Inc. was founded in 2013 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MAYO Human Capital Inc reported revenue of 170M TWD in FY2025 versus 160M TWD in FY2021, a compound +1.5%/yr. Reported net income was −64.9M TWD in FY2025.

Growth Quality 16/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
170M TWD
Latest YoY
−23.5%
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.
−5.8%
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.
+4.6%
Avg. growth/yr (6Y) 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.
+14.0%
Revenue +1.5%/yr
FY21 160M TWD
FY22 203M TWD
FY23 202M TWD
FY24 222M TWD
FY25 170M TWD
Net income
FY21 −140M TWD
FY22 −171M TWD
FY23 −168M TWD
FY24 −138M TWD
FY25 −64.9M TWD

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Cite: Fair Value Calculator (2026). "MAYO Human Capital Inc Fair Value". https://www.fairvalue-calculator.com/stock/6738

Peer Group

Software - Application · 710 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 35 · Bottom 25%
Fair Value upside +34% · Top 25%
Return on assets -11% · Bottom 25%
Net margin (TTM) -38% · Bottom 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth -1% · Below median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.35× · Cheaper than 75% of peers
P/S (TTM) 0.44× · 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 79 · sector 0
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

Insider activity: 40/100

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is MAYO Human Capital Inc (6738) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 104.98 TWD versus a price of 78.10 TWD, about +34% (undervalued).
What is the fair value of 6738?
Our model-based fair value for MAYO Human Capital Inc is 104.98 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 78.10 TWD.
What is the quality score of 6738?
MAYO Human Capital Inc has a Quality Score of 28/100. 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 MAYO Human Capital Inc (6738)?
MAYO Human Capital Inc reported trailing-twelve-month revenue of about 170M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6738?
The net profit margin of MAYO Human Capital Inc is about -38.3%, meaning it is currently running at a net loss. 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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