Metair (MTA) Fair Value & Analysis

Consumer Cyclical · ZA · Market cap 1.0B ZAC · ISIN ZAE000090692

A solid business, but trading 23% above our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

• The model range is unusually wide (R1.78 to R7.07). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range R4.05 – R30.57 · fair‑value band R1.78 – R7.07 · the R4.98 price screens above the R4.04 fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Metair (MTA) currently trades at R4.98, while our model-based Fair Value estimate is R4.04, implying the stock looks roughly 18.8% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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: high).

Over the trailing twelve months, Metair generated revenue of 17.9B ZAR at a net margin of -2.5%. Revenue grew 52.6% year over year. It earns a return on equity of -11.6%. Net debt stands at 4.2B ZAR. Fundamentals as of Aug 28, 2026

Our scenario range runs from R1.78 (bear case) to R7.07 (bull case); at R4.98, 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. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -19%, MTA 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.

Widest divergence: Multiples (R54.37) versus Dividend Discount (R2.39). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Metair Investments Limited, together with its subsidiaries, manufactures, distributes, and retails automotive components, batteries, and related products in South Africa and Romania. The company operates in two segments, OEM Direct Component Manufacturing and Aftermarket Parts and Retail.

Full company description

Metair Investments Limited, together with its subsidiaries, manufactures, distributes, and retails automotive components, batteries, and related products in South Africa and Romania. The company operates in two segments, OEM Direct Component Manufacturing and Aftermarket Parts and Retail. It offers wiring harnesses, instrument cluster/combination meters, and moulded parts; automotive, solar, and industrial batteries; heating, ventilation, and air conditioning and climate control systems, air cleaners, wiper and washer systems, radiators, reserve tanks, charge air coolers, compressors, engine control units, air conditioning pipes and hoses, cooling modules, radiator fan shrouds and condensers; electronic control units and starter motors; and hydraulics and brake pads, discs, and shoes. The company also provides coil and leaf springs, stabilizer, and torsion bars; headlights, taillights, reflectors, and plastic injection mouldings; front end modules, shock absorbers, and struts; automotive wire and PVC insulated copper; and chrome plating, body colour painting and assemblies, and interior and exterior trim components. In addition, it engages in the distribution of auto parts, spares, and car accessories; provision of other braking components, as well as backup, standby, and charging systems; battery distribution networks; and vehicle maintenance and replacement services. The company sells its products to original equipment manufacturers, individual consumers, workshops, fleet operators, and independent resellers under the AutoZone, QSV, Move Workshops, ATE Retail, Smiths Manufacturing, Automould, Auto Plastics, Supreme Spring, Lumotech, Unitrade, Hesto, and Rombat brand names. It exports its products to Africa, the Middle East, and Europe. The company was incorporated in 1948 and is based in Johannesburg, South Africa.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Metair reported revenue of 17.9B ZAR in FY2025 versus 12.6B ZAR in FY2021, a compound +9.1%/yr. Reported net income was −448M ZAR in FY2025.

MTA screens 19% overvalued. Compare with O'Reilly Automotive, Inc →

Peer Group

Auto Parts · 655 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.

Valuation Multiples vs Auto Parts median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

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.