EN DE

Grupo Multi S.A (MLAS3) Fair Value & Analysis

Technology · BR · Market cap R$1.4B

GM Grupo Multi S.A MLAS3 · SA
PriceR$1.68
Fair ValueR$2.57
Upside+53.0%
Quality60/100
Watch Grupo Multi S.A for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 4.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 39/100
Evidence: High Range R$1.92 – R$2.81 Share as image

Fair value as of: Jul 18, 2026

From 17 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from R$2.65 to R$2.57 (−3.0%) since Jun 24, 2026. Share price +7.0% over the past month.

A solid business, screening 53% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (R$1.92). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

R$12.21 R$0.8557 Fair Value R$2.57 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range R$0.8557 – R$12.21 · fair‑value band R$1.92 – R$2.81 · the R$1.68 price screens below the R$2.57 fair value. Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Grupo Multi S.A (MLAS3) currently trades at R$1.68, while our model-based Fair Value estimate is R$2.57, implying the stock looks roughly 53.0% undervalued today. The Quality Score stands at 60/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Grupo Multi S.A generated revenue of R$4.0B at a net margin of 4.5%. Revenue grew 14.3% year over year. It earns a return on equity of 6.0%. The balance sheet holds a net cash position of R$122M. Fundamentals as of Jul 18, 2026

Our scenario range runs from R$1.92 (bear case) to R$2.81 (bull case); at R$1.68, the current price sits below 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 5% below its 52-week high and 111% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 53%, MLAS3 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 R$0.9500 R$1.17 R$1.49 80
Residual Income R$2.58 R$2.50 R$2.09 76
Growth-Adj P/E R$2.18 R$3.11 R$4.05 68
All 17 models by family
DCF Models
FCF DCF R$0.9600 R$1.21 R$1.63 38
Owner Earnings R$2.37 R$3.73 R$5.93 31
5Y Revenue Exit R$0.9200 R$1.14 R$1.44 39
5Y P/E Exit R$2.09 R$3.66 R$5.56 38
10Y Revenue Exit R$0.9200 R$1.13 R$1.46 36
10Y P/E Exit R$1.65 R$2.86 R$4.74 35
Earnings-Based
Graham-Dodd R$1.03 R$5.49 R$7.60 54
Lynch FV R$1.52 R$2.16 R$2.81 50
PEG = 1.0 R$1.52 R$2.16 R$2.81 46
Multiples
P/E Multiple R$2.26 R$3.02 R$3.77 63
P/S Multiple R$1.92 R$2.57 R$3.21 58
P/B Multiple R$1.92 R$2.57 R$3.21 55
EV/Revenue R$0.9000 R$1.01 R$1.13 43
Asset-Based
NCAV (Graham) R$1.84 R$2.46 R$3.68 50
Growth DCF
Growth DCF R$0.9500 R$1.17 R$1.49 80
Economic Profit
Residual Income R$2.58 R$2.50 R$2.09 76
Growth Earnings
Growth-Adj P/E R$2.18 R$3.11 R$4.05 68

Widest divergence: Growth Earnings (R$3.11) versus Growth DCF (R$1.17). Highest evidence: Growth DCF (80).

Notify me when MLAS3 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) R$4.0B
Revenue growth (YoY) +14.3%
Net margin 4.5%
Return on equity 6.0%
Free cash flow R$23.7M FY2025
P/E ratio 7.8
More key figures
Operating margin 9.5%
EPS (TTM) R$0.2200
EPS growth (YoY) +91.0%
Net cash R$122M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 55 · Market factors (momentum, volatility) 74

Profitability 33
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 83
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

Grupo Multi S.A. engages in the development, manufacture, distributes, and sells electronic products in Brazil. It provides blenders, fryers, pans, ovens, mixer, coffee makers, kettles, sandwich makers, food warmer, scales, omelette maker, hood, food processors, parts, and accessories for mixers.

Full company description

Grupo Multi S.A. engages in the development, manufacture, distributes, and sells electronic products in Brazil. It provides blenders, fryers, pans, ovens, mixer, coffee makers, kettles, sandwich makers, food warmer, scales, omelette maker, hood, food processors, parts, and accessories for mixers. It also offers vacuum cleaners, circulators, heaters, fans, iron, vaporizer, drinking fountain, popcorn maker, wineries, and ice machines; and electric toothbrush refill, oral irrigator, compressor inhaler, mesh inhaler, air humidifier, aroma diffuser, oximeter, medication spacer, essential oils, scented candles, electric toothbrush, irrigator nozzles and accessories. Further, the company offers digital thermometer, infrared thermometer, baby thermometer, arm blood pressure monitor, wrist blood pressure monitor, blood glucose monitor, lancet, blood glucose strips, electric racket, and electric insect killer; digital scales, bioimpedance scales, gel and thermal bags, knee brace, elastic knee pad and elbow pad, wristband, elastic thigh and ankle strap. Additionally, It provides smartphones, cell phones, tablets, computers, and notebooks, security, UPS, batteries, and accessories; access control, automation, lighting, and security monitoring related products; steering wheel, monitor cabinet, webcam controls, headset, keyboard, mouse, mouse pad, microphone, VR glasses, cables, memories and SSD, and sound box; and printing supplies, sticky-notes-pad, staplers, punchers, organizers, digitizing tablets, electronic waste bins, glues, and books, and office supplies. The company offers household utensils, hardware tools, sports, automotive, beauty, and skin care products, as well as provides toys for pets and infants, and health care products. It provides audio, video, screen, and projectors. Grupo Multi S.A. was formerly known as Multilaser Industrial S.A. and changed its name to Grupo Multi S.A. in April 2024. Grupo Multi S.A. was founded in 1988 and is headquartered in São Paulo, Brazil.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grupo Multi S.A reported revenue of R$3.9B in FY2025 versus R$4.8B in FY2021, a compound −5.1%/yr. Reported net income was R$122M in FY2025, compounding −37.0%/yr from FY2021.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
R$3.9B
Latest YoY
+15.8%
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.
−3.6%
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.
+6.6%
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.
+14.2%
Revenue −5.1%/yr
FY21 R$4.8B
FY22 R$4.4B
FY23 R$3.5B
FY24 R$3.4B
FY25 R$3.9B
Net income −37.0%/yr
FY21 R$775M
FY22 R$90.0M
FY23 −R$836M
FY24 −R$321M
FY25 R$122M

Watch MLAS3: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Grupo Multi S.A Fair Value". https://www.fairvalue-calculator.com/stock/MLAS3

Peer Group

Electronics & Computer Distribution · 151 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 60 · Above median
Fair Value upside +53% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 4% · Top 25%
Operating margin (TTM) 10% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than 75% of peers
P/B 0.47× · Cheaper than 75% of peers
P/S (TTM) 0.34× · Pricier than median
P/FCF 11.5× · Pricier than 75% of peers
EV/EBITDA 3.1× · 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 100 · sector 14
FUTURE 72 · sector 57
PAST 24 · sector 36
HEALTH 98 · sector 98
DIVIDEND 0 · sector 39

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

Compare Grupo Multi S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Grupo Multi S.A (MLAS3) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of R$2.57 versus a price of R$1.68, about +53% (undervalued).
What is the fair value of MLAS3?
Our model-based fair value for Grupo Multi S.A is R$2.57 (as of Jul 18, 2026), built from audited fundamentals. The current price is R$1.68.
What is the quality score of MLAS3?
Grupo Multi S.A has a Quality Score of 60/100. 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 Grupo Multi S.A (MLAS3)?
Grupo Multi S.A reported trailing-twelve-month revenue of about R$4.0B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MLAS3?
The net profit margin of Grupo Multi S.A is about 4.5%, meaning it keeps roughly 4.5% 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.

14 days Pro free · no card

Track Grupo Multi S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.