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MIYOSHI LIMITED (M03) Fair Value & Analysis

Industrials · SG · Market cap 7.0M SGD

ML MIYOSHI LIMITED M03 · SG
Price0.0060 SGD
Fair Value0.0062 SGD
Upside+3.3%
Quality38/100
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Weak Growth
Loss-making · -6.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 0/100
Evidence: Low Range 0.0062 SGD – 0.0062 SGD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from 0.0053 SGD to 0.0062 SGD (+18.1%) since Aug 9, 2026.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price is below even our cautious bear case (0.0062 SGD). The market is more pessimistic than our downside scenario.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

0.0410 SGD 0.0030 SGD Fair Value 0.0062 SGD Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.0030 SGD – 0.0410 SGD · the 0.0060 SGD price screens below the 0.0062 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MIYOSHI LIMITED (M03) currently trades at 0.0060 SGD, while our model-based Fair Value estimate is 0.0062 SGD, implying the stock looks roughly 3.3% fairly valued today. The Quality Score stands at 38/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, MIYOSHI LIMITED generated revenue of 31.2M SGD at a net margin of -6.1%. Revenue declined 9.8% year over year. It earns a return on equity of -8.0%. Net debt stands at 2.9M SGD. Fundamentals as of Aug 13, 2026

The share trades about 45% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at 3%, M03 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
Gordon GGM 0.0100 SGD 0.0100 SGD 0.0100 SGD 70
DDM Multi-Stage 0.0100 SGD 0.0100 SGD 0.0100 SGD 61
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0200 SGD 50
All 3 models by family
Dividend Discount
Gordon GGM 0.0100 SGD 0.0100 SGD 0.0100 SGD 70
DDM Multi-Stage 0.0100 SGD 0.0100 SGD 0.0100 SGD 61
Asset-Based
NCAV (Graham) 0.0100 SGD 0.0100 SGD 0.0200 SGD 50

Widest divergence: Dividend Discount (0.0100 SGD) versus Dividend Discount (0.0100 SGD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 31.2M SGD
Revenue growth (YoY) -9.8%
Net margin -6.1%
Return on equity -8.0%
Free cash flow −1.6M SGD FY2025
Operating margin -9.2%
More key figures
EPS growth (YoY) +540%
Net debt 2.9M SGD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 40

Profitability 22
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 40
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

Miyoshi Limited, together with its subsidiaries, designs and manufactures mould and precision pressed parts, and trades in related products. It operates through four segments: Data Storage, Consumer Electronics, Automotive, and Other. The Data Storage segment manufactures metal semi-finished components for hard disk drives and removable storage devices.

Full company description

Miyoshi Limited, together with its subsidiaries, designs and manufactures mould and precision pressed parts, and trades in related products. It operates through four segments: Data Storage, Consumer Electronics, Automotive, and Other. The Data Storage segment manufactures metal semi-finished components for hard disk drives and removable storage devices. Its Consumer Electronics segment offers metal semi-finished components for photocopiers, scanners, and printers. The Automotive segment provides finished products of light electric vehicles, as well as semi-finished metal components for motor vehicles. Its Other segment offers commodity trading and rental income from investment properties. It also involved in the metal stamping, fabrication of parts and components of machine tools, and plastic injection molding activities; trading of machines and commodities; manufacturing of consumer electronics; and cultivation of vegetables and aromatic herbs hydroponically. In addition, the company manufactures and assembles automated cash counting and dispensing machine components. It operates in the Philippines, the People's Republic of China, Thailand, Mexico, Hungary, Malaysia, Singapore, and internationally. The company was formerly known as Miyoshi Precision Limited and changed its name to Miyoshi Limited in December 2014. Miyoshi Limited was incorporated in 1987 and is headquartered in Singapore.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MIYOSHI LIMITED reported revenue of 32.9M SGD in FY2025 versus 45.5M SGD in FY2021, a compound −7.8%/yr. Reported net income was −3.0M SGD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
32.9M SGD
Latest YoY
−16.9%
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.
−13.0%
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.
−6.0%
Avg. growth/yr (12Y) 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.
−13.6%
Revenue −7.8%/yr
FY21 45.5M SGD
FY22 49.9M SGD
FY23 43.8M SGD
FY24 39.6M SGD
FY25 32.9M SGD
Net income
FY21 −7.8M SGD
FY22 137K SGD
FY23 −1.6M SGD
FY24 −3.3M SGD
FY25 −3.0M SGD

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Cite: Fair Value Calculator (2026). "MIYOSHI LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/M03

Peer Group

Metal Fabrication · 247 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 38 · Bottom 25%
Fair Value upside +4% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 17.4% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.18× · Cheaper than 75% of peers
PEG 1.15× · 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 39 · sector 0
FUTURE 0 · sector 34
PAST 0 · sector 19
HEALTH 99 · sector 95
DIVIDEND 100 · sector 28

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.

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Frequently asked questions

Is MIYOSHI LIMITED (M03) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.0062 SGD versus a price of 0.0060 SGD, about +3% (fairly valued).
What is the fair value of M03?
Our model-based fair value for MIYOSHI LIMITED is 0.0062 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.0060 SGD.
What is the quality score of M03?
MIYOSHI LIMITED has a Quality Score of 38/100. 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 MIYOSHI LIMITED (M03)?
MIYOSHI LIMITED reported trailing-twelve-month revenue of about 31.2M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of M03?
The net profit margin of MIYOSHI LIMITED is about -6.1%, 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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