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First Growth Funds Ltd (MTOMF) fair value: what the stock is really worth

As of Oct 9, 2026: fair value of First Growth Funds Ltd $0.00, price $0.00, upside +1.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · US · Home Australia · ISIN AU0000075475

FG First Growth Funds Ltd logo Thin data Oct 12, 2026

First Growth Funds Ltd

MTOMF · US

Low PriorityFair Value upside is limited and quality is weak.

Fair value $0.0010 · Fairly valued (+1.0%)
Quality 48/100
Loss over the last twelve months · -49.1% net margin (TTM) · fiscal year 2025 144.3%
Weak Growth (revenue YoY −11.9 %/yr in AUD)
Negative free cash flow
Trails peers (3/9)
Narrow moat 29/100 · thin data
Thin data
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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 →

Price vs Fair Value

$0.0490 $0.0001 Fair Value $0.0010 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 12, 2026.

How to read this chart

60‑month range $0.0001 – $0.0490 · fair‑value band $0.0010 – $0.0010 · the $0.0010 price screens below the $0.0010 fair value. Dashed = 300-day average. As of Oct 12, 2026.

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Company profile

First Growth Funds Limited is a private equity firm specializing in all stages of the investment cycle. The firm seeks to invest in any industry and geography. It manages a portfolio of investments covering small and medium companies that are listed on the Australian Securities Exchange or seeking investment ahead of an initial public offering.

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First Growth Funds Limited is a private equity firm specializing in all stages of the investment cycle. The firm seeks to invest in any industry and geography. It manages a portfolio of investments covering small and medium companies that are listed on the Australian Securities Exchange or seeking investment ahead of an initial public offering. The firm invests across a broad range of asset classes including listed equities, private equity, blockchain and digital assets. The company was formerly known as M2M Corporation Limited and changed its name to First Growth Funds Limited in April 2011. First Growth Funds Limited was founded in 1986 and is based in Subiaco, Washington with additional office in Sydney, Australia.

Stock analysis

First Growth Funds Ltd (MTOMF) currently trades at $0.0010, while our model-based Fair Value estimate is $0.0010, so the stock looks roughly fairly valued today (gap 1.0%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $0.0010 (bear) to $0.0010 (bull), the price of $0.0010 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

First Growth Funds Ltd reported revenue of −A$893K in FY2025 versus A$2.8M in FY2021. Reported net income was −A$1.3M in FY2025.

Key figures

Market cap $77.8K · P/S ratio 0.73 · Net margin −49.1% · Return on equity −2.7% · Return on assets 0.2% · Operating margin 133% · Revenue (TTM) $106K · Free cash flow −A$963.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 89% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at 1%, MTOMF screens cheaper than that median.

Fair Value models

Bear $0.0010 Fair Value $0.0010 Bull $0.0010
Price $0.0010 · Upside +1.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) $0.0100 $0.0100 $0.0100 53
P/B Multiple $0.0100 $0.0100 $0.0200 52
All 2 models by family
Multiples
P/B Multiple $0.0100 $0.0100 $0.0200 52
Asset-Based
NCAV (Graham) $0.0100 $0.0100 $0.0100 53

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Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 13

Profitability 25
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘ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

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Peer Groupⓘ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.Asset Management · 664 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside +1.0% · Below median
Profitability
Return on assets 0.2% · Below median
Net margin (TTM) −49.1% · Bottom 25%
Operating margin (TTM) 133.3% · Top 25%
Growth and dividend
Revenue growth 0.0% · Below median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/B 0.05× · Cheapest 25%
P/S (TTM) 0.73× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)35 · sector 58
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 24
HEALTH (low debt)0 · sector 95
DIVIDEND (yield)0 · sector 82

Context: sector, industry, market

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 Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Raymond James Financial, Inc RJF $158.21 $316.42 +100% vs MTOMF
Exor N.V EXO €69.80 €139.37 +100% vs MTOMF
Apollo Global Management, Inc APO $115.95 $197.23 +70% vs MTOMF
Ameriprise Financial, Inc AMP $490.56 $595.40 +21% vs MTOMF
Ares Management Corporation ARES $117.22 $103.68 −12% vs MTOMF
State Street Corporation STT $175.96 $139.37 −21% vs MTOMF
Northern Trust Corporation NTRS $168.21 $123.42 −27% vs MTOMF
Blackstone Inc BX $111.65 $52.29 −53% vs MTOMF
Brookfield Corporation BN $37.09 $13.45 −64% vs MTOMF
KKR & Co KKR $90.29 $29.26 −68% vs MTOMF

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First Growth Funds Ltd · Fair Value
$0.0010 +1%Fair Value
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Cite: Fair Value Calculator (2026). "First Growth Funds Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MTOMF

Frequently asked questions

Is First Growth Funds Ltd (MTOMF) overvalued or undervalued?
As of Oct 12, 2026, our model estimates a fair value of $0.0010 versus a price of $0.0010, about +1% upside (fairly valued).
What is the fair value of MTOMF?
Our model-based fair value for First Growth Funds Ltd is $0.0010 (as of Oct 12, 2026), built from audited fundamentals. The current price: $0.0010.
What is the quality score of MTOMF?
First Growth Funds Ltd has a Quality Score of 48/100. 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 First Growth Funds Ltd (MTOMF)?
Our model-based price target is the fair value of $0.0010 (as of Oct 12, 2026) from 2 valuation models. Cautious scenario $0.0010, optimistic scenario $0.0010. It is a calculation from audited fundamentals, not an analyst target.
What is the First Growth Funds Ltd stock forecast for 2026?
Our models put fair value at $0.0010, about +1% upside versus a price of $0.0010 (fairly valued). Cautious scenario $0.0010, optimistic scenario $0.0010. The calculation is refreshed regularly with new filings.
What is the revenue of First Growth Funds Ltd (MTOMF)?
First Growth Funds Ltd reported trailing-twelve-month revenue of about $106K (latest available figure, as of Oct 12, 2026).
What is the intrinsic value of First Growth Funds Ltd (MTOMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For First Growth Funds Ltd it is $0.0010 per share (as of Oct 12, 2026), against a price of $0.0010. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is First Growth Funds Ltd stock overvalued or undervalued in 2026?
As of Oct 12, 2026, MTOMF trades below its calculated fair value: price $0.0010, fair value $0.0010, a gap of about +1% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MTOMF?
No. The price is what the market pays today ($0.0010); the fair value is what the company's own numbers justify ($0.0010). For First Growth Funds Ltd the two are $0.0000 per share apart. That gap is exactly why we show both numbers side by side.
How much is First Growth Funds Ltd worth?
The market values First Growth Funds Ltd at about $77.8K (market capitalisation, as of Oct 12, 2026). Per share that is $0.0010; our models calculate a fair value of $0.0010 per share.
What do the bullish and bearish scenarios say about MTOMF?
Our models span a range for First Growth Funds Ltd: cautious scenario $0.0010, base $0.0010, optimistic $0.0010 per share (as of Oct 12, 2026, price $0.0010). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of First Growth Funds Ltd (MTOMF)?
Balance-sheet figures for First Growth Funds Ltd (as of Oct 12, 2026): return on equity −2.7%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is MTOMF from its 52-week high?
First Growth Funds Ltd trades at $0.0010, about 89% below its 52-week high of $0.0090 and at the low of $0.0010 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0010 is for.
Which stocks are comparable to First Growth Funds Ltd?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is First Growth Funds Ltd stock attractive at the current price?
The data as of Oct 12, 2026: price $0.0010, calculated fair value $0.0010 (+1%), Quality Score 48/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MTOMF calculated?
We run First Growth Funds Ltd through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0010, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. First Growth Funds Ltd currently trades 1 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of First Growth Funds Ltd (MTOMF)?
The closing price on Oct 9, 2026 was $0.0010. Our model-based fair value is $0.0010, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with First Growth Funds Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band ($0.0010 to $0.0010), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of First Growth Funds Ltd

How large is the market capitalisation of First Growth Funds Ltd (MTOMF)?
The market capitalisation of First Growth Funds Ltd is $77.8K. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of First Growth Funds Ltd (MTOMF)?
The price-to-sales ratio of First Growth Funds Ltd is 0.73 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of First Growth Funds Ltd (MTOMF)?
The net margin of First Growth Funds Ltd is −49.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of First Growth Funds Ltd (MTOMF)?
The return on equity (ROE) of First Growth Funds Ltd is −2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of First Growth Funds Ltd (MTOMF)?
The return on assets (ROA) of First Growth Funds Ltd is 0.2% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of First Growth Funds Ltd (MTOMF)?
The operating margin of First Growth Funds Ltd is 133% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does First Growth Funds Ltd (MTOMF) generate?
The free cash flow of First Growth Funds Ltd is −A$963 (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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