SEMCO Technologies stock: fair value
ALSEM.PAThe fair value of SEMCO Technologies under our model is $24.66, the price is 72% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $17.62 and expensive above $41.10 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $5.57 (cash-flow model) and $43.76 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 10.8%. At 11.8% the fair value would be $24.35, at 9.8% it would be $25.06.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (40.2).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.8%. Discounted at 10.8% (government bond yield 2.8% plus beta 1.79 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $5.57 per share: free cash flow for the next ten years, each year discounted to today at 10.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 10.8%) |
|---|---|---|---|---|
| 2026 | $4.63M | extrapolated at 2.8% | 0.9028 | $4.18M |
| 2027 | $4.75M | extrapolated at 2.8% | 0.8151 | $3.88M |
| 2028 | $4.89M | extrapolated at 2.8% | 0.7358 | $3.6M |
| 2029 | $5.02M | extrapolated at 2.8% | 0.6643 | $3.34M |
| 2030 | $5.16M | extrapolated at 2.8% | 0.5998 | $3.1M |
| 2031 | $5.31M | extrapolated at 2.8% | 0.5415 | $2.87M |
| 2032 | $5.45M | extrapolated at 2.8% | 0.4888 | $2.67M |
| 2033 | $5.6M | extrapolated at 2.8% | 0.4413 | $2.47M |
| 2034 | $5.76M | extrapolated at 2.8% | 0.3984 | $2.3M |
| 2035 | $5.92M | extrapolated at 2.8% | 0.3597 | $2.13M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $30.52M |
| Terminal value: cash flow 2035 × (1 + 2.8%) / (10.8% − 2.8%) | $76.2M |
| Present value of terminal value (× 0.3597) | $27.41M |
| Equity value (sum plus present value of terminal value) | $57.93M |
| Shares (diluted) | 10.40M |
| Value per share (equity value divided by shares) | $5.57 |
| Earnings per share, last twelve months | $1.09 |
| × 40.2 (industry P/E) | $43.76 |
| Fair value (average of both parts) | $24.66 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.