doValue stock: fair value
DOV.MIThe fair value of doValue under our model is $6.71, the price is 68% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Possible value trapIn our model the price counts as cheap below $4.79 and expensive above $11.18 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 16.9%. At 17.9% the fair value would be $6.23, at 15.9% it would be $7.27.
Possible value trap: looks cheap, but score below 50, high risk.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.5%. Discounted at 16.9% (government bond yield 3.5% plus beta 2 times a risk premium of 6.7%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $6.71 per share: free cash flow for the next ten years, each year discounted to today at 16.9%, 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 16.9%) |
|---|---|---|---|---|
| 2026 | $149.61M | extrapolated at 10.8% | 0.8555 | $127.99M |
| 2027 | $162.46M | extrapolated at 8.6% | 0.7319 | $118.9M |
| 2028 | $173.94M | extrapolated at 7.1% | 0.6261 | $108.91M |
| 2029 | $184.38M | extrapolated at 6.0% | 0.5357 | $98.76M |
| 2030 | $194.06M | extrapolated at 5.3% | 0.4583 | $88.93M |
| 2031 | $203.24M | extrapolated at 4.7% | 0.3920 | $79.68M |
| 2032 | $212.11M | extrapolated at 4.4% | 0.3354 | $71.14M |
| 2033 | $220.82M | extrapolated at 4.1% | 0.2869 | $63.36M |
| 2034 | $229.49M | extrapolated at 3.9% | 0.2455 | $56.33M |
| 2035 | $238.22M | extrapolated at 3.8% | 0.2100 | $50.03M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $864.04M |
| Terminal value: cash flow 2035 × (1 + 3.5%) / (16.9% − 3.5%) | $1.84B |
| Present value of terminal value (× 0.2100) | $387.02M |
| Equity value (sum plus present value of terminal value) | $1.25B |
| Shares (diluted) | 186.54M |
| Value per share (equity value divided by shares) | $6.71 |
| Fair value (from the cash flow model alone) | $6.71 |
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 Weak, published since 7 Nov 2026 (in the score history since 31 May 2023)
- 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.