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First Growth Funds Ltd (MTOMF) Fair Value & Analysis

Financial Services · US · Market cap $77.8K

FG First Growth Funds Ltd logo First Growth Funds Ltd MTOMF · US
Price$0.0010
Fair Value$0.0010
Upside+0.0%
Quality49/100
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Weak Growth
Loss-making · -49.1% net margin
negative free cash flow
Trails peers (3/9)
Narrow moat 29/100
Evidence: Low Range $0.0010 – $0.0010 Share as image

Fair value as of: Aug 19, 2026

From 2 valuation models · updated today

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • 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.
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Price vs Fair Value (5 years)

$0.0490 $0.0001 Fair Value $0.0010 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $0.0001 – $0.0490 · the $0.0010 price screens below the $0.0010 fair value. Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

First Growth Funds Ltd (MTOMF) currently trades at $0.0010, while our model-based Fair Value estimate is $0.0010, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 49/100 (below-average quality), in the Financial Services 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: low), always confirm before acting.

Over the trailing twelve months, First Growth Funds Ltd generated revenue of $106K at a net margin of -49.1%. It earns a return on equity of -2.7%. Fundamentals as of Aug 19, 2026

For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at 0%, MTOMF 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
P/B Multiple $0.0100 $0.0200 $0.0200 55
NCAV (Graham) $0.0100 $0.0100 $0.0200 50
All 2 models by family
Multiples
P/B Multiple $0.0100 $0.0200 $0.0200 55
Asset-Based
NCAV (Graham) $0.0100 $0.0100 $0.0200 50

Widest divergence: Multiples ($0.0200) versus Asset-Based ($0.0100). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) $106K
Net margin -49.1%
Return on equity -2.7%
Free cash flow −$963 FY2025
Operating margin 133%

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

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
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2021)
$2.8M
Latest YoY
−11.9%
Revenue
FY21 $2.8M
FY22 −$5.0M
FY23 −$558K
FY24 −$122K
FY25 −$893K
Net income
FY21 $1.7M
FY22 −$6.0M
FY23 −$1.5M
FY24 −$341K
FY25 −$1.3M

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Cite: Fair Value Calculator (2026). "First Growth Funds Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MTOMF

Peer Group

Asset Management · 700 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 48 · Below median
Fair Value upside +0% · Below median
Return on assets 0% · Below median
Net margin (TTM) -49% · Bottom 25%
Operating margin (TTM) 133% · Top 25%
Revenue growth 0% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.73× · 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 33 · sector 37
FUTURE 0 · sector 13
PAST 0 · sector 24
HEALTH 0 · sector 95
DIVIDEND 0 · sector 85

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,161 $465.75 -60%
Blackstone Inc BX $146.41 $52.88 -64%
Investor AB INVEB kr 417.90 kr 835.80 +100%
AB Industrivärden INDUA kr 544.00 kr 375.93 -31%
ICICIAMC ICICIAMC ₹3,077 ₹1,132 -63%
Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Hedef Holding HEDEF 267.25 TRY 321.44 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹11,294 ₹11,257 -0%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is First Growth Funds Ltd (MTOMF) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of $0.0010 versus a price of $0.0010, about +0% (fairly valued).
What is the fair value of MTOMF?
Our model-based fair value for First Growth Funds Ltd is $0.0010 (as of Aug 19, 2026), built from audited fundamentals. The current price is $0.0010.
What is the quality score of MTOMF?
First Growth Funds Ltd has a Quality Score of 49/100. 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 First Growth Funds Ltd (MTOMF)?
First Growth Funds Ltd reported trailing-twelve-month revenue of about $106K (latest available figure, as of Aug 19, 2026).
What is the net profit margin of MTOMF?
The net profit margin of First Growth Funds Ltd is about -49.1%, meaning it is currently running at a net loss. 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.

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