eQ stock: fair value
EQV1V.HEThe fair value of eQ under our model is $8.82, the price is 0% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $7.35 and expensive above $11.02 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $9.75 (cash-flow model) and $7.88 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.6%. At 8.6% the fair value would be $8.03, at 6.6% it would be $9.99.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14).
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 $9.75 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 | $26.39M | extrapolated at −11.2% | 0.9292 | $24.52M |
| 2027 | $24.53M | extrapolated at −7.0% | 0.8634 | $21.18M |
| 2028 | $23.51M | extrapolated at −4.2% | 0.8023 | $18.86M |
| 2029 | $23.01M | extrapolated at −2.1% | 0.7455 | $17.16M |
| 2030 | $22.85M | extrapolated at −0.7% | 0.6927 | $15.83M |
| 2031 | $22.92M | extrapolated at 0.3% | 0.6436 | $14.75M |
| 2032 | $23.15M | extrapolated at 1.0% | 0.5981 | $13.84M |
| 2033 | $23.49M | extrapolated at 1.5% | 0.5557 | $13.06M |
| 2034 | $23.92M | extrapolated at 1.8% | 0.5164 | $12.35M |
| 2035 | $24.41M | extrapolated at 2.1% | 0.4798 | $11.71M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $163.26M |
| Terminal value: cash flow 2035 × (1 + 2.6%) / (7.6% − 2.6%) | $501.08M |
| Present value of terminal value (× 0.4798) | $240.42M |
| Equity value (sum plus present value of terminal value) | $403.69M |
| Shares (diluted) | 41.41M |
| Value per share (equity value divided by shares) | $9.75 |
| Earnings per share, last twelve months | $0.56 |
| × 14 (industry P/E) | $7.88 |
| Fair value (average of both parts) | $8.82 |
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 27 Feb 2026)
- 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.