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Matching Maximize Solution Public Company Limited (MATCH) Fair Value & Analysis

Communication Services · TH · Market cap 657M THB (≈ $19.8M) · ISIN TH0703010Y00

MM Matching Maximize Solution Public Company Limited MATCH · BK
Price0.8000 THB
Fair Value0.4800 THB
Upside-40.0%
Quality47/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 67% ABOVE our fair value of 0.4800 THB
!Weak Growth (revenue 5y +2.7 %/yr)
!Loss-making · -15.1% net margin
!Trails peers (3/10)
Weak Growth (revenue 5y +2.7 %/yr)
Loss-making · -15.1% net margin
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 13/100
Evidence: Medium Range 0.3100 THB – 0.6600 THB Share as image

Fair value as of: Aug 13, 2026

From 8 valuation models · updated 15 days ago

Share price −5.9% over the past month.

Below-average quality, and trading another 67% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (0.6600 THB). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (0.3100 THB to 0.6600 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

2.44 THB 0.6900 THB Fair Value 0.4800 THB Jan 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 0.6900 THB – 2.44 THB · fair‑value band 0.3100 THB – 0.6600 THB · the 0.8000 THB price screens above the 0.4800 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Matching Maximize Solution Public Company Limited (MATCH) currently trades at 0.8000 THB, while our model-based Fair Value estimate is 0.4800 THB, implying the stock looks roughly 40.0% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Communication Services 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, Matching Maximize Solution Public Company Limited generated revenue of 298M THB at a net margin of -14.8%. Revenue grew 6.8% year over year. It earns a return on equity of -3.5%. Net debt stands at 78.1M THB. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.3100 THB (bear case) to 0.6600 THB (bull case); at 0.8000 THB, 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 38% below its 52-week high and 45% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -51% fair-value upside, at -40%, MATCH 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 0.3400 THB 0.4400 THB 0.6100 THB 80
Rev-Margin DCF 0.3300 THB 0.5100 THB 0.7200 THB 74
NCAV (Graham) 0.7900 THB 1.06 THB 1.58 THB 50
All 8 models by family
DCF Models
FCF DCF 0.3300 THB 0.4400 THB 0.6200 THB 38
Owner Earnings 0.0200 THB 0.0300 THB 0.0600 THB 31
5Y Revenue Exit 0.3300 THB 0.5000 THB 0.7400 THB 39
10Y Revenue Exit 0.3200 THB 0.4300 THB 0.5500 THB 36
Multiples
EV/Revenue 0.3700 THB 0.5500 THB 0.7200 THB 43
Asset-Based
NCAV (Graham) 0.7900 THB 1.06 THB 1.58 THB 50
Growth DCF
Growth DCF 0.3400 THB 0.4400 THB 0.6100 THB 80
Rev-Margin DCF 0.3300 THB 0.5100 THB 0.7200 THB 74

Widest divergence: Asset-Based (1.06 THB) versus DCF Models (0.4300 THB). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 2.49 TTM
EPS (TTM) -0.0600 THB
Net margin -17.8% FY2025
Return on equity -3.5% TTM
Return on assets (EBIT) -1.3% avg 5y
Operating margin -6.3% TTM
More key figures
Growth
Revenue (TTM) 298M THB TTM
Revenue growth (YoY) +6.8% 3y avg -5.9%
EPS growth (YoY) +104%
Balance sheet & cash flow
Free cash flow 35.0M THB FY2025
Net debt 78.1M THB FY2025 · ≈ 2.2 yrs of FCF

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 33

Profitability 4
Margins and returns on capital today
Quality Growth 1
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Matching Maximize Solution Public Company Limited, together with its subsidiaries, engages in television (TV) content production and other related businesses. The company provides film production equipment for rent and related services, and rents production services.

Full company description

Matching Maximize Solution Public Company Limited, together with its subsidiaries, engages in television (TV) content production and other related businesses. The company provides film production equipment for rent and related services, and rents production services. It also engages in studio rental and service, and co-operation of movie films, as well as engages in selling goods. The company was formerly known as Matching Studio Public Company Limited and changed its name to Matching Maximize Solution Public Company Limited in May 2010. The company was founded in 1992 and is based in Bangkok, Thailand. Matching Maximize Solution Public Company Limited operates as a subsidiary of The BBTV Productions Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Matching Maximize Solution Public Company Limited reported revenue of 286M THB in FY2025 versus 351M THB in FY2021, a compound −5.0%/yr. Reported net income was −50.9M THB in FY2025.

Growth Quality 34/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
286M THB
Latest YoY
−38.5%
Avg. revenue 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.
−5.9%
Avg. revenue 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.
+2.7%
Avg. revenue growth/yr (24Y) 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.
−1.8%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −5.0%/yr
FY21 351M THB
FY22 343M THB
FY23 451M THB
FY24 465M THB
FY25 286M THB
Net income
FY21 −16.5M THB
FY22 −65.3M THB
FY23 20.1M THB
FY24 12.4M THB
FY25 −50.9M THB

MATCH screens 40% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "Matching Maximize Solution Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/MATCH

Peer Group

Entertainment · 270 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 47 · Below median
Fair Value upside −40% · Below median
Return on assets -3% · Below median
Net margin (TTM) -15% · Bottom 25%
Operating margin (TTM) -6% · Below median
Revenue growth 7% · Above median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Entertainment median · lower = cheaper

P/S (TTM) 0.07× · Cheaper than 75% of peers
P/FCF 0.6× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 12
FUTURE35 · sector 8
PAST0 · sector 0
HEALTH97 · sector 98
DIVIDEND0 · sector 43

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

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc NFLX $81.46 $49.35 -39%
The Walt Disney Company DIS $103.50 $80.62 -22%
Warner Bros. Discovery, Inc WBD $27.65 $9.03 -67%
Live Nation Entertainment, Inc LYV $182.02 $59.97 -67%
Universal Music Group UMG €14.73 €14.78 +0%
TKO Group TKO $195.14 $47.75 -76%
Formula One Group FWONK $102.02 $35.21 -65%
Fox Corporation FOXA $69.60 $206.81 +197%
News Corporation NWS A$46.55 A$20.41 -56%
Warner Music Group WMG $24.79 $12.10 -51%

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Frequently asked questions

Is Matching Maximize Solution Public Company Limited (MATCH) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.4800 THB versus a price of 0.8000 THB, about −40% (overvalued).
What is the fair value of MATCH?
Our model-based fair value for Matching Maximize Solution Public Company Limited is 0.4800 THB (as of Aug 13, 2026), built from audited fundamentals. The current price: 0.8000 THB.
What is the quality score of MATCH?
Matching Maximize Solution Public Company Limited has a Quality Score of 47/100. 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 Matching Maximize Solution Public Company Limited (MATCH)?
Matching Maximize Solution Public Company Limited reported trailing-twelve-month revenue of about 298M THB (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MATCH?
The net profit margin of Matching Maximize Solution Public Company Limited is about -14.8%, 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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