Frauenthal Holding stock: fair value
FKA.VIThe fair value of Frauenthal Holding under our model is $28.02, the price is 15% below.
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 $20.01 and expensive above $46.70 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $39.17 (cash-flow model) and $16.86 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8%. At 9% the fair value would be $25.06, at 7% it would be $32.30.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (26.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.6%. Discounted at 8.0% (government bond yield 2.6% plus beta 1.2 times a risk premium of 4.6%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $39.17 per share: free cash flow for the next ten years, each year discounted to today at 8.0%, 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 8.0%) |
|---|---|---|---|---|
| 2026 | $19.23M | extrapolated at −4.8% | 0.9255 | $17.79M |
| 2027 | $18.73M | extrapolated at −2.6% | 0.8566 | $16.05M |
| 2028 | $18.54M | extrapolated at −1.0% | 0.7928 | $14.7M |
| 2029 | $18.55M | extrapolated at 0.1% | 0.7338 | $13.61M |
| 2030 | $18.7M | extrapolated at 0.8% | 0.6791 | $12.7M |
| 2031 | $18.95M | extrapolated at 1.3% | 0.6286 | $11.91M |
| 2032 | $19.27M | extrapolated at 1.7% | 0.5818 | $11.21M |
| 2033 | $19.65M | extrapolated at 2.0% | 0.5384 | $10.58M |
| 2034 | $20.07M | extrapolated at 2.1% | 0.4983 | $10M |
| 2035 | $20.53M | extrapolated at 2.3% | 0.4612 | $9.47M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $128.04M |
| Terminal value: cash flow 2035 × (1 + 2.6%) / (8.0% − 2.6%) | $383.74M |
| Present value of terminal value (× 0.4612) | $176.99M |
| Equity value (sum plus present value of terminal value) | $305.03M |
| Shares (diluted) | 7.79M |
| Value per share (equity value divided by shares) | $39.17 |
| Earnings per share, last twelve months | $0.64 |
| × 26.4 (industry P/E) | $16.86 |
| Fair value (average of both parts) | $28.02 |
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 10 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 20 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.