Moury Construct stock: fair value
MOUR.BRThe fair value of Moury Construct under our model is $2,785.05, the price is 73% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 14 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $2,320.88 and expensive above $3,481.32 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $3,551.17 (cash-flow model) and $2,018.94 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $2,476.74, at 6.7% it would be $3,248.48.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (19.7).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.7%. Discounted at 7.7% (floor: government bond yield 2.7% plus 5 percentage points, since beta 0.99 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 $3,551.17 per share: free cash flow for the next ten years, each year discounted to today at 7.7%, 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 7.7%) |
|---|---|---|---|---|
| 2026 | $48.63M | extrapolated at 22.4% | 0.9289 | $45.17M |
| 2027 | $56.63M | extrapolated at 16.5% | 0.8628 | $48.86M |
| 2028 | $63.6M | extrapolated at 12.3% | 0.8014 | $50.97M |
| 2029 | $69.59M | extrapolated at 9.4% | 0.7444 | $51.8M |
| 2030 | $74.73M | extrapolated at 7.4% | 0.6914 | $51.67M |
| 2031 | $79.2M | extrapolated at 6.0% | 0.6422 | $50.86M |
| 2032 | $83.14M | extrapolated at 5.0% | 0.5965 | $49.59M |
| 2033 | $86.7M | extrapolated at 4.3% | 0.5541 | $48.04M |
| 2034 | $89.99M | extrapolated at 3.8% | 0.5146 | $46.31M |
| 2035 | $93.1M | extrapolated at 3.5% | 0.4780 | $44.5M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $487.77M |
| Terminal value: cash flow 2035 × (1 + 2.7%) / (7.7% − 2.7%) | $1.91B |
| Present value of terminal value (× 0.4780) | $913.76M |
| Equity value (sum plus present value of terminal value) | $1.4B |
| Shares (diluted) | 394.7K |
| Value per share (equity value divided by shares) | $3,551.17 |
| Earnings per share, last twelve months | $102.74 |
| × 19.7 (industry P/E) | $2,018.94 |
| Fair value (average of both parts) | $2,785.05 |
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 14 Nov 2026, recalculated nightly
- Price
- Closing price of 13 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 13 Nov 2026 ($1 = €0.9048)
- 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 Strong, published since 7 Nov 2026 (in the score history since 30 Nov 2022)
- Valuation signal Undervalued 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.