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Metro Performance Glass Ltd (MPP) Fair Value & Analysis

Industrials · AU · Market cap A$25.0M (≈ $18.0M) · ISIN NZMPGE0001S5

What is Metro Performance Glass Ltd really worth?

MP Metro Performance Glass Ltd MPP · AU
PriceA$0.9350
Fair ValueA$4.03
Upside+331.0%
Quality42/100

Below-average quality, trading 77% below our fair value of A$4.03.

As of Aug 13, 2026, the fair value of Metro Performance Glass Ltd is A$4.03 per share against a price of A$0.9350, so the fair value sits 331% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −2.0 %/yr)
!Loss-making · -0.5% net margin
!Mixed vs. peers (5/12)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain
!Weak on future: 2 out of 100
Evidence: Low Range A$2.03 – A$6.03

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from A$4.10 to A$4.03 (−1.7%) since Jul 17, 2026. Share price −10.5% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$2.03). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (A$2.03 to A$6.03). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

A$1.72 A$0.0237 Fair Value A$4.03 Jun 2021 Sep 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 A$0.0237 – A$1.72 · fair‑value band A$2.03 – A$6.03 · the A$0.9350 price screens below the A$4.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Metro Performance Glass Ltd (MPP) currently trades at A$0.9350, while our model-based Fair Value estimate is A$4.03, implying the stock looks roughly 76.8% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of A$8.58 per share, and 12 of the 12 models we run sit above the A$0.9350 price. Bear case: the Growth DCF group reads lowest at A$1.21, and 0 of the 12 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Metro Performance Glass Ltd generated revenue of A$208M at a net margin of −0.5%. Revenue grew 0.3% year over year. It earns a return on equity of −2.0%. Net debt stands at A$97.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$2.03 (bear case) to A$6.03 (bull case); at A$0.9350, 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 46% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 331%, MPP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence A$2.74 A$3.73 A$5.32 81
Growth DCF A$2.84 A$3.76 A$5.14 79
Owner Earnings A$2.96 A$4.00 A$5.68 77
All 12 models by family
DCF Models
FCF DCF best evidence A$2.74 A$3.73 A$5.32 81
Owner Earnings A$2.96 A$4.00 A$5.68 77
5Y Revenue Exit A$0.8800 A$1.10 A$1.40 74
5Y EBITDA Exit A$4.00 A$6.49 A$9.78 74
10Y Revenue Exit A$1.75 A$1.98 A$2.16 68
10Y EBITDA Exit A$3.37 A$4.82 A$6.36 69
Dividend Discount
Gordon GGM A$1.99 A$2.13 A$2.33 69
DDM Multi-Stage A$1.99 A$2.31 A$2.70 67
Multiples
EV/EBITDA A$6.17 A$8.58 A$10.99 67
Asset-Based
NCAV (Graham) A$1.23 A$1.65 A$2.46 54
Growth DCF
Growth DCF A$2.84 A$3.76 A$5.14 79
Rev-Margin DCF A$0.8800 A$1.21 A$1.67 73

Widest divergence: Multiples (A$8.58) versus Growth DCF (A$1.21). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/S ratio 0.10 TTM
EPS (TTM) A$−0.0500
Net margin −0.5% FY2026
Return on equity −2.0% TTM
Return on assets (EBIT) −3.9% avg 5y
Operating margin −0.1% TTM
More key figures
Growth
Revenue (TTM) A$208M TTM
Revenue growth (YoY) +0.3% 3y avg −7.3%
EPS growth (YoY) +50.0%
Balance sheet & cash flow
Free cash flow A$12.9M FY2026
Net debt A$97.2M FY2026 · ≈ 7.5 yrs of FCF

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 74

Profitability 38
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 0
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

Metro Performance Glass Limited, together with its subsidiaries, supplies double glazed, processed flat glass, and related products for the residential and commercial building sectors in New Zealand and Australia.

Full company description

Metro Performance Glass Limited, together with its subsidiaries, supplies double glazed, processed flat glass, and related products for the residential and commercial building sectors in New Zealand and Australia. The company offers glass splashbacks, mirror glass, internal glass partitions, and glass canopies and facades, as well as floors and stairs and commercial glass; and shower glass, such as hinged door showers, bath and shower screens, sliding door showers, and shower hardware. It also provides channel, point fix, and mini post balustrades; rails for balustrades; and other balustrades, as well as pool fences. In addition, it offers float, low emissivity, solar control, decorative, safety, security, heat strengthened, noise reduction, privacy, and fire-resistant glass, sunx reflect low emissivity glass; and glass door and hardware, double and triple glazing Low E, and retrofit double glazing. Further, the company provides metro direct, commercial glass design and glazing, and technical services. Metro Performance Glass Limited was founded in 1987 and is headquartered in Auckland, New Zealand.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Metro Performance Glass Ltd reported revenue of 210M NZD in FY2026 versus 236M NZD in FY2022, a compound −2.9%/yr. Reported net income was −946K NZD in FY2026.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
A$210M
Latest YoY
−2.0%
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.
−7.3%
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.
−2.0%
Avg. revenue growth/yr (13Y) 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.
+3.4%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
4.2% (2021) → 0.4% (2026)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue −2.9%/yr
FY22 236M NZD
FY23 264M NZD
FY24 239M NZD
FY25 214M NZD
FY26 210M NZD
Net income
FY22 −459K NZD
FY23 −10.5M NZD
FY24 −27.5M NZD
FY25 −13.5M NZD
FY26 −946K NZD

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Cite: Fair Value Calculator (2026). "Metro Performance Glass Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MPP.AU

Peer Group

Building Products & Equipment · 242 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 42 · Bottom 25%
Fair Value upside +200% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/B 0.30× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 5.0× · Cheaper than 75% of peers

Strength profile in five axes (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
VALUE100 · sector 2
FUTURE2 · sector 11
PAST0 · sector 25
HEALTH72 · sector 95
DIVIDEND0 · sector 41

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%

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Frequently asked questions

Is Metro Performance Glass Ltd (MPP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$4.03 versus a price of A$0.9350, about +331% upside (undervalued).
What is the fair value of MPP?
Our model-based fair value for Metro Performance Glass Ltd is A$4.03 (as of Aug 13, 2026), built from audited fundamentals. The current price: A$0.9350.
What is the quality score of MPP?
Metro Performance Glass Ltd has a Quality Score of 42/100. 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 price target for Metro Performance Glass Ltd (MPP)?
Our model-based price target is the fair value of A$4.03 (as of Aug 13, 2026) from 12 valuation models. Cautious scenario A$2.03, optimistic scenario A$6.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Metro Performance Glass Ltd stock forecast for 2026?
Our models put fair value at A$4.03, about +331% upside versus a price of A$0.9350 (undervalued). Cautious scenario A$2.03, optimistic scenario A$6.03. The calculation is refreshed regularly with new filings.
What is the revenue of Metro Performance Glass Ltd (MPP)?
Metro Performance Glass Ltd reported trailing-twelve-month revenue of about A$208M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MPP?
The net profit margin of Metro Performance Glass Ltd is about −0.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
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