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MARX Biotech Co (7731) Fair Value & Analysis

Healthcare · TW · Market cap 2.6B TWD

MB MARX Biotech Co 7731 · TWO
Price4.72 TWD
Fair Value1.40 TWD
Upside-70.3%
Quality31/100
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Expensive Growth
Thin margins · 6.8% net margin
Low debt · negative free cash flow
Trails peers (2/11)
Narrow moat 28/100
Evidence: Medium Range 1.05 TWD – 1.99 TWD Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 19 days ago

Share price −9.2% over the past month.

Below-average quality, and screening another 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.99 TWD). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (1.05 TWD to 1.99 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

14.05 TWD 3.94 TWD Fair Value 1.40 TWD Feb 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

30‑month range 3.94 TWD – 14.05 TWD · fair‑value band 1.05 TWD – 1.99 TWD · the 4.72 TWD price screens above the 1.40 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

MARX Biotech Co (7731) currently trades at 4.72 TWD, while our model-based Fair Value estimate is 1.40 TWD, implying the stock looks roughly 70.3% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, MARX Biotech Co generated revenue of 636M TWD at a net margin of 6.8%. Revenue declined 19.1% year over year. It earns a return on equity of 13.8%. Net debt stands at 275M TWD. Fundamentals as of Jul 22, 2026

Our scenario range runs from 1.05 TWD (bear case) to 1.99 TWD (bull case); at 4.72 TWD, the current price sits above 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 55% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -14% fair-value upside, at -70%, 7731 screens richer 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 0.6300 TWD 0.7400 TWD 1.59 TWD 76
Gordon GGM 0.1100 TWD 0.2200 TWD 0.3300 TWD 70
Growth-Adj P/E 2.60 TWD 3.71 TWD 4.82 TWD 68
All 12 models by family
DCF Models
Owner Earnings 1.12 TWD 2.80 TWD 6.18 TWD 31
Earnings-Based
Graham-Dodd 0.5600 TWD 3.90 TWD 5.47 TWD 54
Lynch FV 2.01 TWD 2.88 TWD 3.74 TWD 50
PEG = 1.0 2.01 TWD 2.88 TWD 3.74 TWD 46
Dividend Discount
Gordon GGM 0.1100 TWD 0.2200 TWD 0.3300 TWD 70
DDM Multi-Stage 0.1100 TWD 0.1900 TWD 0.2300 TWD 61
Multiples
P/E Multiple 1.23 TWD 1.64 TWD 2.06 TWD 63
P/S Multiple 1.05 TWD 1.40 TWD 1.75 TWD 58
P/B Multiple 1.05 TWD 1.40 TWD 1.75 TWD 55
Asset-Based
NCAV (Graham) 0.3400 TWD 0.4600 TWD 0.6900 TWD 50
Economic Profit
Residual Income 0.6300 TWD 0.7400 TWD 1.59 TWD 76
Growth Earnings
Growth-Adj P/E 2.60 TWD 3.71 TWD 4.82 TWD 68

Widest divergence: Growth Earnings (3.71 TWD) versus Dividend Discount (0.1900 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 636M TWD
Revenue growth (YoY) -19.1%
Net margin 6.8%
Return on equity 13.8%
Free cash flow −163M TWD FY2025
P/E ratio 62.8
More key figures
Operating margin -32.8%
EPS (TTM) 0.0800 TWD
Net debt 275M TWD FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 34 · Market factors (momentum, volatility) 28

Profitability 53
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 28
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

MARX Biotech Co., Ltd. engages in the online retail of men's health food and cosmeceutical products. The company was founded in 2015 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MARX Biotech Co reported revenue of 636M TWD in FY2025 versus 97.6M TWD in FY2021, a compound +59.8%/yr. Reported net income was 42.9M TWD in FY2025, compounding +32.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
636M TWD
Latest YoY
+2.9%
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.
+79.1%
Revenue +59.8%/yr
FY21 97.6M TWD
FY22 111M TWD
FY23 290M TWD
FY24 618M TWD
FY25 636M TWD
Net income +32.9%/yr
FY21 13.8M TWD
FY22 2.8M TWD
FY23 −12.9M TWD
FY24 −96.8M TWD
FY25 42.9M TWD

7731 screens 70% overvalued. Compare with JD Health International Inc →

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Cite: Fair Value Calculator (2026). "MARX Biotech Co Fair Value". https://www.fairvalue-calculator.com/stock/7731

Peer Group

Pharmaceutical Retailers · 61 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 31 · Bottom 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets -11% · Bottom 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) -33% · Bottom 25%
Revenue growth -19% · Bottom 25%
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Pharmaceutical Retailers median · lower = cheaper

P/E (TTM) 62.8× · Pricier than 75% of peers
P/B 7.29× · Pricier than 75% of peers
P/S (TTM) 4.12× · Pricier 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 0 · sector 19
FUTURE 0 · sector 19
PAST 55 · sector 19
HEALTH 77 · sector 97
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

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 Pharmaceutical Retailers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
JD Health International Inc 6618 HK$39.20 HK$33.28 -15%
Raia Drogasil S.A RADL3 R$18.20 R$15.58 -14%
Yifeng Pharmacy Chain Co 603939 ¥20.24 ¥29.07 +44%
DaShenLin Pharmaceutical Group 603233 ¥17.81 ¥23.86 +34%
Corporativo Fragua, S.A. FRAGUAB 463.00 MXN 821.18 MXN +77%
LBX Pharmacy Chain Joint Stock Company 603883 ¥11.51 ¥10.57 -8%
MedPlus Health Services Limited MEDPLUS ₹690.20 ₹379.25 -45%
Yixintang Pharmaceutical Group 002727 ¥11.46 ¥9.45 -18%
Anhui Huaren Health Pharmaceutical Co 301408 ¥14.40 ¥10.05 -30%
Apotea AB APOTEA kr 74.75 kr 43.95 -41%

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Frequently asked questions

Is MARX Biotech Co (7731) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1.40 TWD versus a price of 4.72 TWD, about −70% (overvalued).
What is the fair value of 7731?
Our model-based fair value for MARX Biotech Co is 1.40 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 4.72 TWD.
What is the quality score of 7731?
MARX Biotech Co has a Quality Score of 31/100. 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 MARX Biotech Co (7731)?
MARX Biotech Co reported trailing-twelve-month revenue of about 636M TWD (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 7731?
The net profit margin of MARX Biotech Co is about 6.8%, meaning it keeps roughly 6.8% 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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