MATH

NEUTRAL

$1.17 Live

Metalpha Technology Holding Limited · NASDAQ

$1.0 52W Range $4.17

MATH Metalpha Technology Holding Limited - Fundamental Analysis

NEUTRAL

Console Chart News

MATH Stock | Fundamental Analysis & Investment Insights

NASDAQ • Financial Services • Capital Markets

Current Price Live

$1.17

52W High

$4.17

52W Low

$1.0

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 14, 2026

Market cap

$50.79M

P/E

6.5

ROE

23.1%

Profit margin

18.9%

Debt/Equity

0.0

Dividend yield

N/A

AI Analysis

AI-powered fundamental assessment

Confidence

85%

MATH presents a stark contrast between strong deterministic health scores and deteriorating business fundamentals. While the Piotroski F-Score of 7/9 indicates strong financial health and the stock trades below both its Graham Number ($1.86) and Intrinsic Value ($1.26), these value signals are offset by a severe -39% YoY revenue decline. The company maintains a debt-free balance sheet, but a critical liquidity gap is evident in the Quick Ratio of 0.09. Overall, the stock is fundamentally undervalued but lacks a growth catalyst and faces significant operational headwinds.

Key Strengths

Strong Piotroski F-Score (7/9) indicating improving financial strength

Zero Debt/Equity ratio, eliminating solvency risk

Deep value valuation with a P/E of 6.50

Trading below Graham Number ($1.86) and Intrinsic Value ($1.26)

Positive ROE of 23.07%

Key Risks

Severe revenue contraction (-39% YoY)

Critical liquidity risk indicated by a Quick Ratio of 0.09

Negative operating margin (-24.18%) suggesting core business is loss-making

Strongly bearish technical trend (0/100) and -63.2% 6-month price decline

Micro-cap volatility and lack of analyst coverage

AI Fair Value Estimate

Based on comprehensive analysis

$1.26

+7.7% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Moderate

Value

Future

Past

Health

Dividend

AI Verdict

Value Trap Potential

Key drivers: Extreme valuation discount, Collapsing revenue growth, Strong balance sheet (no debt), Poor liquidity (Quick Ratio)

Confidence

80%

Value

90/100

Ref P/E 6.50, Graham Number $1.86

Positives

P/E of 6.50 is significantly below sector average
Price is below Graham Number and Intrinsic Value

Watchpoints

Low price/sales ratio may reflect lack of growth

Future

20/100

Ref Revenue Growth -39%

Positives

No standout positives identified.

Watchpoints

Revenue growth is -39% YoY
Operating margins are deeply negative

Past

30/100

Ref Historical price performance

Positives

3Y change is positive (+15.8%)

Watchpoints

6M change is -63.2%
1Y change is -23.5%

Health

75/100

Ref Piotroski F-Score, Debt/Equity

Positives

Piotroski F-Score 7/9
Debt/Equity 0.00

Watchpoints

Quick Ratio 0.09 indicates severe immediate liquidity constraints

Dividend

0/100

Ref Dividend Yield N/A

Positives

No standout positives identified.

Watchpoints

No dividend payments

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$1.17

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for MATH and closest competitors.

Updated 2026-04-13

Company	5Y	3Y	1Y	6M	1M	1W
MATH Metalpha Technology Holding Limited Primary	-17.6%	+15.8%	-23.5%	-63.2%	-5.7%	+8.3%
MLCI Mount Logan Capital Inc. Peer	-43.8%	-18.2%	+15.6%	-47.2%	-25.1%	+15.4%
HGBL Heritage Global Inc. Peer	-53.3%	-51.4%	-30.7%	-8.5%	+12.0%	+1.4%
HFBL Home Federal Bancorp, Inc. of Louisiana Peer	+35.7%	+16.1%	+42.0%	+30.8%	-2.4%	+4.0%
AAME Atlantic American Corporation Peer	-31.8%	+22.1%	+100.9%	-15.6%	+7.8%	+5.7%

MAT

Metalpha Technology Holding Limited

Primary

-17.6%

+15.8%

-23.5%

-63.2%

-5.7%

+8.3%

MLC

Mount Logan Capital Inc.

Peer

-43.8%

-18.2%

+15.6%

-47.2%

-25.1%

+15.4%

HGB

Heritage Global Inc.

Peer

-53.3%

-51.4%

-30.7%

-8.5%

+12.0%

+1.4%

HFB

Home Federal Bancorp, Inc. of Louisiana

Peer

+35.7%

+16.1%

+42.0%

+30.8%

-2.4%

+4.0%

AAM

Atlantic American Corporation

Peer

-31.8%

+22.1%

+100.9%

-15.6%

+7.8%

+5.7%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

6.5

N/A

1.37

1.38

0.37

2.1

$50.79M

Profitability

Profit margins and return metrics

Profit Margin 18.89%

Operating Margin -24.18%

Gross Margin 40.51%

ROE 23.07%

ROA 1.26%

Growth

Revenue and earnings growth rates

Revenue Growth -39.0%

Earnings Growth N/A

Q/Q Revenue Growth N/A

Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.0

Low debt

Current Ratio

1.09

Good

Quick Ratio

0.09

Poor

Cash/Share

$0.84

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q3 2025

Total Assets

$0.4B

Liabilities

$0.4B

Equity

$0.0B

Debt/Equity

10.80x

Financial Services Sector Comparison

Comparing MATH against 404 companies in the Financial Services sector (68 bullish, 175 neutral, 161 bearish)

P/E Ratio

6.5

This Stock

49.16

Sector Avg

-86.8% (Discount)

Return on Equity (ROE)

23.07%

This Stock

-0.06%

Sector Avg

-37728.9% (Below Avg)

Profit Margin

18.89%

This Stock

60.11%

Sector Avg

-68.6% (Weaker)

Debt to Equity

0.0

This Stock

1.3

Sector Avg

-99.7% (Less Debt)

Revenue Growth

-39.0%

This Stock

42.19%

Sector Avg

-192.4% (Slower)

Current Ratio

1.09

This Stock

3.33

Sector Avg

-67.2% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
MATH Metalpha Technology Holding Limited	NEUTRAL	$50.79M	6.5	23.1%	18.9%	$1.17
MLCI Mount Logan Capital Inc.	BEARISH	$52.31M	-	-62.4%	-137.6%	$4.04	Compare
HGBL Heritage Global Inc.	NEUTRAL	$48.64M	14.0	5.4%	7.0%	$1.4	Compare
HFBL Home Federal Bancorp, Inc....	BULLISH	$55.96M	10.77	9.3%	23.0%	$18.2	Compare
AAME Atlantic American Corporation	NEUTRAL	$56.5M	12.04	4.7%	2.5%	$2.77	Compare

MATH Metalpha...

NEUTRAL

Mkt Cap

$51M

P/E

6.5

ROE

23.1%

Price

$1.17

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Past News Coverage

Recent headlines mentioning MATH from our newsroom.

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MATH

MATH Metalpha Technology Holding Limited - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Financial Services Sector Comparison

Similar Companies

Past News Coverage

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