Fluxys Belgium stock: fair value
FLUX.BRThe fair value of Fluxys Belgium under our model is $26.23, the price is 12% 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 $20.18 and expensive above $37.48 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $31.85 (cash-flow model) and $20.62 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $23.58, at 6.7% it would be $30.22.
Where the number comes from
Half from the dividend model, half from earnings times the industry P/E (14.6).
Dividend model: the dividend grows by 2.7% a year for good and is discounted at 7.7% (floor: government bond yield 2.7% plus 5 percentage points, since beta 0.8 times the risk premium would give less).
Calculate with your own assumptionsThe calculation step by step
With these figures the dividend model arrives at $31.85 per share: next year's dividend divided by the gap between the discount rate and growth. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Step | Value |
|---|---|
| Dividend per share | $1.55 |
| Next dividend: × (1 + 2.7%) | $1.59 |
| Value per share: next dividend / (7.7% − 2.7%) | $31.85 |
| Earnings per share, last twelve months | $1.42 |
| × 14.6 (industry P/E) | $20.62 |
| Fair value (average of both parts) | $26.23 |
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 11 Jul 2025)
- 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.