Burgenland Holding stock: fair value
BHD.VIThe fair value of Burgenland Holding under our model is $75.91, the price is 22% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $58.39 and expensive above $108.44 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $88.08 (cash-flow model) and $63.73 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 7.6%. At 8.6% the fair value would be $68.56, at 6.6% it would be $86.93.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14.3).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.6%. Discounted at 7.6% (floor: government bond yield 2.6% plus 5 percentage points, since beta 0.8 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $88.08 per share: free cash flow for the next ten years, each year discounted to today at 7.6%, 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 7.6%) |
|---|---|---|---|---|
| 2026 | $13.13M | extrapolated at 2.9% | 0.9297 | $12.21M |
| 2027 | $13.5M | extrapolated at 2.8% | 0.8644 | $11.67M |
| 2028 | $13.87M | extrapolated at 2.7% | 0.8036 | $11.14M |
| 2029 | $14.24M | extrapolated at 2.7% | 0.7471 | $10.64M |
| 2030 | $14.61M | extrapolated at 2.6% | 0.6946 | $10.15M |
| 2031 | $14.99M | extrapolated at 2.6% | 0.6458 | $9.68M |
| 2032 | $15.38M | extrapolated at 2.6% | 0.6004 | $9.24M |
| 2033 | $15.78M | extrapolated at 2.6% | 0.5582 | $8.81M |
| 2034 | $16.19M | extrapolated at 2.6% | 0.5190 | $8.4M |
| 2035 | $16.6M | extrapolated at 2.6% | 0.4825 | $8.01M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $99.94M |
| Terminal value: cash flow 2035 × (1 + 2.6%) / (7.6% − 2.6%) | $340.55M |
| Present value of terminal value (× 0.4825) | $164.31M |
| Equity value (sum plus present value of terminal value) | $264.25M |
| Shares (diluted) | 3.00M |
| Value per share (equity value divided by shares) | $88.08 |
| Earnings per share, last twelve months | $4.46 |
| × 14.3 (industry P/E) | $63.73 |
| Fair value (average of both parts) | $75.91 |
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 30 Sep 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 31 Dec 2019)
- Valuation signal Fairly valued since 7 Nov 2026
- 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.