METALPHA TECHNOLOGY HOLDING (MATH) Fundamental Analysis & Valuation

NASDAQ:MATH • KYG283651076

1.16 USD
-0.05 (-4.13%)
Last: Mar 3, 2026, 08:25 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MATH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, MATH scores 4 out of 10 in our fundamental rating. MATH was compared to 54 industry peers in the Consumer Finance industry. MATH has only an average score on both its financial health and profitability. MATH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. MATH Profitability Analysis

1.1 Basic Checks

  • In the past year MATH was profitable.
  • MATH had a positive operating cash flow in the past year.
  • MATH had negative earnings in 4 of the past 5 years.
  • MATH had negative operating cash flow in 4 of the past 5 years.
MATH Yearly Net Income VS EBIT VS OCF VS FCFMATH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10M -10M -20M

1.2 Ratios

  • The Return On Assets of MATH (6.44%) is better than 77.78% of its industry peers.
  • The Return On Equity of MATH (43.48%) is better than 96.30% of its industry peers.
  • MATH's Return On Invested Capital of 37.66% is amongst the best of the industry. MATH outperforms 98.15% of its industry peers.
Industry RankSector Rank
ROA 6.44%
ROE 43.48%
ROIC 37.66%
ROA(3y)-10.78%
ROA(5y)-24.92%
ROE(3y)-72.67%
ROE(5y)-77.43%
ROIC(3y)N/A
ROIC(5y)N/A
MATH Yearly ROA, ROE, ROICMATH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100 -150 -200

1.3 Margins

  • Looking at the Profit Margin, with a value of 35.66%, MATH belongs to the top of the industry, outperforming 92.59% of the companies in the same industry.
  • MATH has a Operating Margin of 39.13%. This is amongst the best in the industry. MATH outperforms 88.89% of its industry peers.
  • With a Gross Margin value of 47.80%, MATH perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MATH has declined.
Industry RankSector Rank
OM 39.13%
PM (TTM) 35.66%
GM 47.8%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.22%
GM growth 5YN/A
MATH Yearly Profit, Operating, Gross MarginsMATH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -5K -10K -15K -20K

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5

2. MATH Health Analysis

2.1 Basic Checks

  • MATH has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, MATH has more shares outstanding
  • The number of shares outstanding for MATH has been increased compared to 5 years ago.
  • MATH has a better debt/assets ratio than last year.
MATH Yearly Shares OutstandingMATH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
MATH Yearly Total Debt VS Total AssetsMATH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

2.2 Solvency

  • MATH has an Altman-Z score of 0.70. This is a bad value and indicates that MATH is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of MATH (0.70) is comparable to the rest of the industry.
  • MATH has a debt to FCF ratio of 8.61. This is a slightly negative value and a sign of low solvency as MATH would need 8.61 years to pay back of all of its debts.
  • The Debt to FCF ratio of MATH (8.61) is better than 62.96% of its industry peers.
  • MATH has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
  • MATH has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. MATH outperforms 94.44% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 8.61
Altman-Z 0.7
ROIC/WACC4.47
WACC8.43%
MATH Yearly LT Debt VS Equity VS FCFMATH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10M -10M 20M 30M

2.3 Liquidity

  • MATH has a Current Ratio of 1.17. This is a normal value and indicates that MATH is financially healthy and should not expect problems in meeting its short term obligations.
  • MATH has a Current ratio (1.17) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.17 indicates that MATH should not have too much problems paying its short term obligations.
  • MATH has a Quick ratio of 1.17. This is comparable to the rest of the industry: MATH outperforms 57.41% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
MATH Yearly Current Assets VS Current LiabilitesMATH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MATH Growth Analysis

3.1 Past

  • MATH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 457.17%, which is quite impressive.
  • Looking at the last year, MATH shows a very strong growth in Revenue. The Revenue has grown by 165.86%.
  • Measured over the past years, MATH shows a very strong growth in Revenue. The Revenue has been growing by 436.79% on average per year.
EPS 1Y (TTM)457.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5046.94%
Revenue 1Y (TTM)165.86%
Revenue growth 3Y174.28%
Revenue growth 5Y436.79%
Sales Q2Q%112.76%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MATH Yearly Revenue VS EstimatesMATH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

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Find the best growth stocksShow best growing peers

4

4. MATH Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 2.83, which indicates a rather cheap valuation of MATH.
  • 88.89% of the companies in the same industry are more expensive than MATH, based on the Price/Earnings ratio.
  • MATH is valuated cheaply when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 2.83
Fwd PE N/A
MATH Price Earnings VS Forward Price EarningsMATH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MATH is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
  • MATH's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 1855.06
EV/EBITDA 0.66
MATH Per share dataMATH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. MATH Dividend Analysis

5.1 Amount

  • No dividends for MATH!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

MATH Fundamentals: All Metrics, Ratios and Statistics

METALPHA TECHNOLOGY HOLDING

NASDAQ:MATH (3/3/2026, 8:25:07 PM)

1.16

-0.05 (-4.13%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)02-11
Earnings (Next)N/A
Inst Owners11.53%
Inst Owner ChangeN/A
Ins Owners5.87%
Ins Owner ChangeN/A
Market Cap45.82M
Revenue(TTM)44.57M
Net Income(TTM)15.89M
AnalystsN/A
Price TargetN/A
Short Float %1.25%
Short Ratio4.89
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 2.83
Fwd PE N/A
P/S 1.03
P/FCF 1855.06
P/OCF 636.39
P/B 1.25
P/tB 1.25
EV/EBITDA 0.66
EPS(TTM)0.41
EY35.34%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0
FCFY0.05%
OCF(TTM)0
OCFY0.16%
SpS1.13
BVpS0.93
TBVpS0.93
PEG (NY)N/A
PEG (5Y)N/A
Graham Number2.92
Profitability
Industry RankSector Rank
ROA 6.44%
ROE 43.48%
ROCE 47.67%
ROIC 37.66%
ROICexc 86.75%
ROICexgc 86.75%
OM 39.13%
PM (TTM) 35.66%
GM 47.8%
FCFM 0.06%
ROA(3y)-10.78%
ROA(5y)-24.92%
ROE(3y)-72.67%
ROE(5y)-77.43%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.22%
GM growth 5YN/A
F-Score6
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 8.61
Debt/EBITDA 0
Cap/Depr 29.22%
Cap/Sales 0.11%
Interest Coverage 250
Cash Conversion 0.41%
Profit Quality 0.16%
Current Ratio 1.17
Quick Ratio 1.17
Altman-Z 0.7
F-Score6
WACC8.43%
ROIC/WACC4.47
Cap/Depr(3y)11.3%
Cap/Depr(5y)103.45%
Cap/Sales(3y)0.06%
Cap/Sales(5y)2.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)457.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5046.94%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)165.86%
Revenue growth 3Y174.28%
Revenue growth 5Y436.79%
Sales Q2Q%112.76%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1208.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y100.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y100.62%
OCF growth 3YN/A
OCF growth 5YN/A

METALPHA TECHNOLOGY HOLDING / MATH FAQ

Can you provide the ChartMill fundamental rating for METALPHA TECHNOLOGY HOLDING?

ChartMill assigns a fundamental rating of 4 / 10 to MATH.


Can you provide the valuation status for METALPHA TECHNOLOGY HOLDING?

ChartMill assigns a valuation rating of 4 / 10 to METALPHA TECHNOLOGY HOLDING (MATH). This can be considered as Fairly Valued.


What is the profitability of MATH stock?

METALPHA TECHNOLOGY HOLDING (MATH) has a profitability rating of 4 / 10.


How financially healthy is METALPHA TECHNOLOGY HOLDING?

The financial health rating of METALPHA TECHNOLOGY HOLDING (MATH) is 5 / 10.