Microequities Asset Management Group Limited

ASX:MAM Stock Report

Market Cap: AU$68.1m

Microequities Asset Management Group Valuation

Is MAM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MAM (A$0.52) is trading below our estimate of fair value (A$1.06)

Significantly Below Fair Value: MAM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAM?

Key metric: As MAM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MAM. This is calculated by dividing MAM's market cap by their current earnings.
What is MAM's PE Ratio?
PE Ratio11.4x
EarningsAU$5.99m
Market CapAU$68.11m

Price to Earnings Ratio vs Peers

How does MAM's PE Ratio compare to its peers?

The above table shows the PE ratio for MAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
SB2 Salter Brothers Emerging Companies
15.2xn/aAU$64.3m
SEC Spheria Emerging Companies
17.7xn/aAU$134.5m
KAT Katana Capital
18xn/aAU$38.1m
SNC Sandon Capital Investments
7.8xn/aAU$111.7m
MAM Microequities Asset Management Group
11.4xn/aAU$68.1m

Price-To-Earnings vs Peers: MAM is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (14.7x).

Price to Earnings Ratio vs Industry

How does MAM's PE Ratio compare vs other companies in the AU Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KBC Keybridge Capital
1.4xn/aUS$6.46m
OEQ Orion Equities
0.6xn/aUS$1.22m
QUE Queste Communications
0.8xn/aUS$862.51k
PEQA Pritchard Equity
2.7xn/aUS$861.02k
No more companies available in this PE range
MAM 11.4xIndustry Avg. 20.0xNo. of Companies7PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAM is good value based on its Price-To-Earnings Ratio (11.4x) compared to the Australian Capital Markets industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is MAM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MAM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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