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Maguro Group (MAGURO) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 2.3B THB

MG Maguro Group MAGURO · BK
Price18.50 THB
Fair Value23.57 THB
Upside+27.4%
Quality63/100
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Healthy Growth
Thin margins · 7.1% net margin
Low debt · generates free cash flow
3.86% dividend yield
Ranks above peers (12/14)
Moderate moat 60/100
Evidence: High Range 17.68 THB – 43.03 THB Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (17.68 THB to 43.03 THB) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

25.43 THB 12.25 THB Fair Value 23.57 THB Jun 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

26‑month range 12.25 THB – 25.43 THB · fair‑value band 17.68 THB – 43.03 THB · the 18.50 THB price screens below the 23.57 THB fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Maguro Group (MAGURO) currently trades at 18.50 THB, while our model-based Fair Value estimate is 23.57 THB, implying the stock looks roughly 27.4% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical 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, Maguro Group generated revenue of 2.0B THB at a net margin of 7.5%. Revenue grew 49.3% year over year. It earns a return on equity of 21.5%. The stock trades on a trailing P/E of 15.0. Fundamentals as of Jul 11, 2026

Our scenario range runs from 17.68 THB (bear case) to 43.03 THB (bull case); at 18.50 THB, 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 29% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -47% fair-value upside, at 27%, MAGURO 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
Growth DCF 17.74 THB 31.66 THB 54.08 THB 80
Residual Income 7.41 THB 9.51 THB 32.55 THB 76
Rev-Margin DCF 21.43 THB 37.64 THB 71.47 THB 74
All 26 models by family
DCF Models
FCF DCF 18.74 THB 27.60 THB 55.20 THB 38
Owner Earnings 16.90 THB 34.60 THB 70.40 THB 31
5Y Revenue Exit 19.57 THB 33.22 THB 61.87 THB 39
5Y EBITDA Exit 33.93 THB 62.24 THB 117.91 THB 41
5Y P/E Exit 20.73 THB 43.96 THB 75.69 THB 38
10Y Revenue Exit 18.89 THB 40.96 THB 55.71 THB 36
10Y EBITDA Exit 29.82 THB 71.16 THB 145.68 THB 37
10Y P/E Exit 20.41 THB 43.40 THB 81.37 THB 35
Earnings-Based
Graham-Dodd 8.01 THB 55.89 THB 78.44 THB 54
Lynch FV 28.88 THB 41.25 THB 53.63 THB 50
PEG = 1.0 28.88 THB 41.25 THB 53.63 THB 46
EPV 14.85 THB 16.83 THB 18.53 THB 59
Dividend Discount
Gordon GGM 4.83 THB 9.63 THB 14.58 THB 70
DDM Multi-Stage 4.83 THB 8.32 THB 10.16 THB 61
Multiples
P/E Multiple 18.56 THB 24.75 THB 30.94 THB 63
P/S Multiple 15.03 THB 20.04 THB 25.05 THB 58
P/B Multiple 15.03 THB 20.04 THB 25.05 THB 55
EV/EBIT 24.56 THB 31.96 THB 39.37 THB 53
EV/EBITDA 38.77 THB 50.92 THB 63.06 THB 54
EV/Revenue 18.20 THB 24.99 THB 31.79 THB 43
Asset-Based
NCAV (Graham) 2.90 THB 3.89 THB 5.81 THB 50
Growth DCF
Growth DCF 17.74 THB 31.66 THB 54.08 THB 80
Rev-Margin DCF 21.43 THB 37.64 THB 71.47 THB 74
Economic Profit
Residual Income 7.41 THB 9.51 THB 32.55 THB 76
ROIC Compounder 18.43 THB 26.42 THB 36.70 THB 72
Growth Earnings
Growth-Adj P/E 37.77 THB 53.96 THB 70.14 THB 68

Widest divergence: Growth Earnings (53.96 THB) versus Asset-Based (3.89 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.0B THB
Revenue growth (YoY) +49.3%
Net margin 7.5%
Return on equity 21.5%
Free cash flow 130M THB FY2025
P/E ratio 15.0
More key figures
Operating margin 11.3%
EPS (TTM) 1.19 THB
EPS growth (YoY) +33.6%

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 51

Profitability 69
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 11
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 40
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

Maguro Group Public Company Limited owns and operates restaurants in Thailand. The company operates restaurants under the Maguro, Ssamthing Together, Hitori Shabu, Tonkatsu AOKI, CouCou, Bincho, and Kiwamiya brands.

Full company description

Maguro Group Public Company Limited owns and operates restaurants in Thailand. The company operates restaurants under the Maguro, Ssamthing Together, Hitori Shabu, Tonkatsu AOKI, CouCou, Bincho, and Kiwamiya brands. It also provides food and beverages; catering services for seminars and other occasions under the MAGURO Group Catering brand; and food delivery services under the Maguro Go brand. Maguro Group Public Company Limited was incorporated in 2010 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Maguro Group reported revenue of 2.0B THB in FY2025 versus 385M THB in FY2021, a compound +50.6%/yr. Reported net income was 149M THB in FY2025, compounding +96.4%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.0B THB
Latest YoY
+44.2%
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.
+43.9%
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.
+39.0%
Revenue +50.6%/yr
FY21 385M THB
FY22 664M THB
FY23 1.0B THB
FY24 1.4B THB
FY25 2.0B THB
Net income +96.4%/yr
FY21 10.0M THB
FY22 31.8M THB
FY23 72.5M THB
FY24 96.6M THB
FY25 149M THB

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Cite: Fair Value Calculator (2026). "Maguro Group Fair Value". https://www.fairvalue-calculator.com/stock/MAGURO

Peer Group

Restaurants · 227 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 63 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 10% · Above median
Revenue growth 35% · Top 25%
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 15.5× · Cheaper than median
P/B 3.19× · Pricier than 75% of peers
P/S (TTM) 1.10× · Pricier than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 6.6× · 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 70 · sector 28
FUTURE 100 · sector 20
PAST 83 · sector 16
HEALTH 100 · sector 97
DIVIDEND 77 · sector 58

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $105.49 $35.83 -66%
Chipotle Mexican Grill, Inc CMG $34.63 $18.43 -47%
Yum! Brands, Inc YUM $163.54 $59.66 -64%
Restaurant Brands International Inc QSR C$104.19 C$36.37 -65%
Darden Restaurants, Inc DRI $195.74 $173.68 -11%
Yum China Holdings YUMC $43.90 $55.10 +26%
Texas Roadhouse, Inc TXRH $197.03 $104.89 -47%
Dutch Bros Inc BROS $68.36 $12.80 -81%
Domino's Pizza, Inc DPZ $322.18 $231.96 -28%

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Frequently asked questions

Is Maguro Group (MAGURO) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 23.57 THB versus a price of 18.50 THB, about +27% (undervalued).
What is the fair value of MAGURO?
Our model-based fair value for Maguro Group is 23.57 THB (as of Jul 11, 2026), built from audited fundamentals. The current price is 18.50 THB.
What is the quality score of MAGURO?
Maguro Group has a Quality Score of 63/100. 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 Maguro Group (MAGURO)?
Maguro Group reported trailing-twelve-month revenue of about 2.0B THB (latest available figure, as of Jul 11, 2026).
What is the net profit margin of MAGURO?
The net profit margin of Maguro Group is about 7.5%, meaning it keeps roughly 7.5% 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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