AmRest Holdings stock: fair value
EAT.MCThe fair value of AmRest Holdings under our model is $3.13, the price is 23% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $2.24 and expensive above $5.22 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $5.67 (cash-flow model) and $0.60 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 14.5%. At 15.5% the fair value would be $2.92, at 13.5% it would be $3.39.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (25).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.0%. Discounted at 14.5% (government bond yield 3.0% plus beta 2 times a risk premium of 5.8%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $5.67 per share: free cash flow for the next ten years, each year discounted to today at 14.5%, 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 14.5%) |
|---|---|---|---|---|
| 2026 | $162.2M | extrapolated at −5.1% | 0.8732 | $141.63M |
| 2027 | $157.88M | extrapolated at −2.7% | 0.7625 | $120.38M |
| 2028 | $156.34M | extrapolated at −1.0% | 0.6658 | $104.1M |
| 2029 | $156.66M | extrapolated at 0.2% | 0.5814 | $91.08M |
| 2030 | $158.28M | extrapolated at 1.0% | 0.5077 | $80.36M |
| 2031 | $160.83M | extrapolated at 1.6% | 0.4433 | $71.3M |
| 2032 | $164.07M | extrapolated at 2.0% | 0.3871 | $63.51M |
| 2033 | $167.84M | extrapolated at 2.3% | 0.3380 | $56.73M |
| 2034 | $172.03M | extrapolated at 2.5% | 0.2952 | $50.78M |
| 2035 | $176.57M | extrapolated at 2.6% | 0.2577 | $45.51M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $825.38M |
| Terminal value: cash flow 2035 × (1 + 3.0%) / (14.5% − 3.0%) | $1.57B |
| Present value of terminal value (× 0.2577) | $405.33M |
| Equity value (sum plus present value of terminal value) | $1.23B |
| Shares (diluted) | 217.08M |
| Value per share (equity value divided by shares) | $5.67 |
| Earnings per share, last twelve months | $0.02 |
| × 25 (industry P/E) | $0.60 |
| Fair value (average of both parts) | $3.13 |
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 2024)
- 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.