EN DE

Metro Systems Corporation (MSC) Fair Value & Analysis

Technology · TH · Market cap 2.2B THB

MS Metro Systems Corporation MSC · BK
Price5.90 THB
Fair Value7.99 THB
Upside+35.4%
Quality66/100
Watch Metro Systems Corporation for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 1.6% net margin
Low debt · generates free cash flow
5.65% dividend yield
Ranks above peers (10/15)
Narrow moat 30/100
Evidence: High Range 5.99 THB – 9.99 THB Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Share price −4.8% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 5.99 THB (bear) to 9.99 THB (bull), base 7.99 THB. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

10.84 THB 4.45 THB Fair Value 7.99 THB Jan 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 4.45 THB – 10.84 THB · fair‑value band 5.99 THB – 9.99 THB · the 5.90 THB price screens below the 7.99 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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

Analysis

Metro Systems Corporation (MSC) currently trades at 5.90 THB, while our model-based Fair Value estimate is 7.99 THB, implying the stock looks roughly 35.4% undervalued today. The Quality Score stands at 66/100 (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, Metro Systems Corporation generated revenue of 8.4B THB at a net margin of 1.6%. Revenue declined 24.4% year over year. It earns a return on equity of 5.7%. Net debt stands at 725M THB. Fundamentals as of Jul 17, 2026

Our scenario range runs from 5.99 THB (bear case) to 9.99 THB (bull case); at 5.90 THB, 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 25% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 35%, MSC 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 27.13 THB 36.06 THB 48.56 THB 80
Residual Income 5.15 THB 5.47 THB 5.87 THB 76
Rev-Margin DCF 12.49 THB 15.23 THB 18.52 THB 74
All 24 models by family
DCF Models
FCF DCF 26.33 THB 35.74 THB 49.62 THB 38
Owner Earnings 6.24 THB 8.31 THB 11.38 THB 31
5Y Revenue Exit 12.49 THB 14.69 THB 17.29 THB 39
5Y EBITDA Exit 13.72 THB 16.82 THB 20.29 THB 41
5Y P/E Exit 14.22 THB 17.68 THB 21.21 THB 38
10Y Revenue Exit 17.63 THB 20.44 THB 23.32 THB 36
10Y EBITDA Exit 18.47 THB 21.83 THB 25.37 THB 37
10Y P/E Exit 18.77 THB 22.39 THB 26.00 THB 35
Earnings-Based
Graham-Dodd 3.20 THB 6.31 THB 7.91 THB 54
EPV 3.01 THB 3.40 THB 3.73 THB 59
Dividend Discount
Gordon GGM 4.39 THB 6.11 THB 7.82 THB 70
DDM Multi-Stage 4.39 THB 6.05 THB 7.92 THB 61
Multiples
P/E Multiple 7.05 THB 9.40 THB 11.75 THB 63
P/S Multiple 5.99 THB 7.99 THB 9.99 THB 58
P/B Multiple 5.99 THB 7.99 THB 9.99 THB 55
EV/EBIT 5.84 THB 7.61 THB 9.37 THB 53
EV/EBITDA 6.68 THB 8.72 THB 10.76 THB 54
EV/Revenue 4.12 THB 5.65 THB 7.17 THB 43
Asset-Based
NCAV (Graham) 3.15 THB 4.22 THB 6.30 THB 50
Growth DCF
Growth DCF 27.13 THB 36.06 THB 48.56 THB 80
Rev-Margin DCF 12.49 THB 15.23 THB 18.52 THB 74
Economic Profit
Residual Income 5.15 THB 5.47 THB 5.87 THB 76
ROIC Compounder 3.01 THB 3.40 THB 3.73 THB 72
Growth Earnings
Growth-Adj P/E 5.11 THB 7.29 THB 9.48 THB 68

Widest divergence: DCF Models (17.68 THB) versus Earnings-Based (3.40 THB). Highest evidence: Growth DCF (80).

Notify me when MSC reaches fair value

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

Key figures & financial health

Revenue (TTM) 8.4B THB
Revenue growth (YoY) -24.4%
Net margin 1.6%
Return on equity 5.7%
Free cash flow 943M THB FY2025
P/E ratio 16.1
More key figures
Operating margin 4.7%
EPS (TTM) 0.3800 THB
Dividend yield 5.7%
EPS growth (YoY) -29.1%
Net debt 725M THB FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 68 · Market factors (momentum, volatility) 42

Profitability 49
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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

Metro Systems Corporation Public Company Limited, together with its subsidiaries, engages in trading computer and equipment, software, supplies, and office equipment, as well as the provision of related services in Thailand.

Full company description

Metro Systems Corporation Public Company Limited, together with its subsidiaries, engages in trading computer and equipment, software, supplies, and office equipment, as well as the provision of related services in Thailand. It operates through four segments: Sales Computer and Equipment; Sales and Installation Software; Sales Supplies and Office Equipment; and Rental and Other Services. The company provides system infrastructure, networking, data center services, AWS cloud infrastructure and solutions, and modern work solutions; security consulting and infrastructure protection service, endpoint security and user access management, data security, and security monitoring and managed services; and outsourcing and managed services, including data center, helpdesk, cloud, and security services. It also offers business intelligent and AI adoption, data management and analytics, application modernization services, and process modernization services; design and engineering solutions, such as authorized distributor of 2D and 3D design software, internet of things platform for smarter manufacturing, and 3D printing and scanning solutions; and printing and supply and hardware services. Metro Systems Corporation Public Company Limited was founded in 1986 and is headquartered in Bangkok, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Metro Systems Corporation reported revenue of 9.2B THB in FY2025 versus 7.2B THB in FY2021, a compound +6.2%/yr. Reported net income was 169M THB in FY2025, compounding −3.8%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
9.2B THB
Latest YoY
+2.6%
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.
−0.7%
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.
+4.6%
Avg. growth/yr (25Y) 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.
+5.4%
Revenue +6.2%/yr
FY21 7.2B THB
FY22 9.4B THB
FY23 9.5B THB
FY24 8.9B THB
FY25 9.2B THB
Net income −3.8%/yr
FY21 197M THB
FY22 245M THB
FY23 285M THB
FY24 256M THB
FY25 169M THB
Character of growth · EPS growth decomposed (2014-2025) +2.5 % p.a.
Revenue per share +2.7 pp

of which total revenue +2.7 pp · buybacks/dilution +0.0 pp

EBIT margin −1.2 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch MSC: 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). "Metro Systems Corporation Fair Value". https://www.fairvalue-calculator.com/stock/MSC

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 66 · Top 25%
Fair Value upside +35% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth -24% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 16.1× · Cheaper than median
P/B 0.97× · Cheaper than median
P/S (TTM) 0.26× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 7.8× · Cheaper than median
PEG 3.86× · Pricier 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 81 · sector 14
FUTURE 0 · sector 57
PAST 23 · sector 36
HEALTH 100 · sector 98
DIVIDEND 100 · sector 39

Insider activity: 40/100

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 17, 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 Metro Systems Corporation 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 Metro Systems Corporation (MSC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 7.99 THB versus a price of 5.90 THB, about +35% (undervalued).
What is the fair value of MSC?
Our model-based fair value for Metro Systems Corporation is 7.99 THB (as of Jul 17, 2026), built from audited fundamentals. The current price is 5.90 THB.
What is the quality score of MSC?
Metro Systems Corporation has a Quality Score of 66/100. 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 Metro Systems Corporation (MSC)?
Metro Systems Corporation reported trailing-twelve-month revenue of about 8.4B THB (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MSC?
The net profit margin of Metro Systems Corporation is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does Metro Systems Corporation pay a dividend?
Metro Systems Corporation currently shows a dividend yield of about 5.98% relative to its recent price (as of Jul 17, 2026).

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 Metro Systems Corporation 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.