Fundamenta Real Estate stock: fair value
FREN.SWThe fair value of Fundamenta Real Estate under our model is $15.42, the price is 32% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $12.85 and expensive above $19.27 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $14.26 (cash-flow model) and $16.58 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 5.7%. At 6.7% the fair value would be $14.26, at 4.7% it would be $17.14.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (11.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 0.6%. Discounted at 5.7% (government bond yield 0.6% plus beta 1.21 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $14.26 per share: free cash flow for the next ten years, each year discounted to today at 5.7%, 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 5.7%) |
|---|---|---|---|---|
| 2026 | $25.7M | extrapolated at −0.8% | 0.9458 | $24.31M |
| 2027 | $25.61M | extrapolated at −0.4% | 0.8945 | $22.91M |
| 2028 | $25.59M | extrapolated at −0.1% | 0.8460 | $21.65M |
| 2029 | $25.63M | extrapolated at 0.1% | 0.8001 | $20.5M |
| 2030 | $25.7M | extrapolated at 0.3% | 0.7567 | $19.44M |
| 2031 | $25.79M | extrapolated at 0.4% | 0.7157 | $18.46M |
| 2032 | $25.91M | extrapolated at 0.4% | 0.6768 | $17.53M |
| 2033 | $26.03M | extrapolated at 0.5% | 0.6401 | $16.66M |
| 2034 | $26.17M | extrapolated at 0.5% | 0.6054 | $15.84M |
| 2035 | $26.31M | extrapolated at 0.5% | 0.5726 | $15.06M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $192.38M |
| Terminal value: cash flow 2035 × (1 + 0.6%) / (5.7% − 0.6%) | $515.5M |
| Present value of terminal value (× 0.5726) | $295.17M |
| Equity value (sum plus present value of terminal value) | $487.55M |
| Shares (diluted) | 34.18M |
| Value per share (equity value divided by shares) | $14.26 |
| Earnings per share, last twelve months | $1.44 |
| × 11.5 (industry P/E) | $16.58 |
| Fair value (average of both parts) | $15.42 |
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 = CHF 0.8331)
- 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 29 Nov 2024)
- Valuation signal Overvalued 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.