Micware Co (MWC) Fair Value & Analysis

Consumer Cyclical · US · Market cap $78.4M

A solid business, screening 133% undervalued on our models.

What matters now

• The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
• The price is below even our cautious bear case ($2.43). The market is more pessimistic than our downside scenario.
• A fairly wide model range ($2.43 to $4.64) leaves room in how you read the outcome.

Price vs Fair Value (3 months)

White line = price, green steps = our fair value per fiscal year. As of Aug 19, 2026.

How to read this chart

3‑month range $1.11 – $8.20 · fair‑value band $2.43 – $4.64 · the $1.46 price screens below the $3.40 fair value. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Micware Co (MWC) currently trades at $1.46, while our model-based Fair Value estimate is $3.40, implying the stock looks roughly 132.9% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Micware Co generated revenue of $22.2B at a net margin of 6.9%. Revenue grew 7.7% year over year. It earns a return on equity of 20.4%. Net debt stands at ¥637M. Fundamentals as of Aug 19, 2026

Our scenario range runs from $2.43 (bear case) to $4.64 (bull case); at $1.46, 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. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 133%, MWC 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: DCF Models ($3.40) versus Asset-Based ($0.5883). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others.

Full company description

Micware Co., Ltd. provides software development services and information technology solutions focusing on the automotive and mobility sectors in Japan and internationally. The company operates three segments: Software Defined Vehicles, Location-Based Services, and Others. Its Software Defined Vehicles segment develops and sells software systems designed for SDV, including in-vehicle infotainment (IVI) system software and other mobility-enhancing software products. The Location-Based Services segment engages in the development and licensing of in-vehicle navigation software systems, and other geographic data-based services for business-to-business customers. Its Other segment comprises software development services for SDV, and business-to-consumer mobile app services unrelated to in-vehicle navigation. It engages in the development and sale of IVI systems that for automotive multimedia, navigation, human machine interface, telematics, and driver assistance. The company also specializes in the development of navigation software and location information-based smartphone applications. Micware Co., Ltd. was incorporated in 2003 and is headquartered in Kobe, Japan.

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

Revenue & earnings trend

FY2024 – FY2026 · reported fiscal years

Micware Co reported revenue of ¥21.9B in FY2026 versus ¥17.5B in FY2024, a compound +11.8%/yr. Reported net income was ¥1.6B in FY2026, compounding +8.1%/yr from FY2024.

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Peer Group

Auto Parts · 645 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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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.