Musti Group stock: fair value
MUSTI.HEThe fair value of Musti Group under our model is $27.59, the price is 42% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Possible value trapIn our model the price counts as cheap below $22.99 and expensive above $34.48 (uncertainty low, based on the price swings of the past year).
Calculated with a cost of equity of 8.6%. At 9.6% the fair value would be $23.64, at 7.6% it would be $33.13.
Possible value trap: looks cheap, but score below 50.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.6%. Discounted at 8.6% (government bond yield 2.6% plus beta 1.3 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 $27.59 per share: free cash flow for the next ten years, each year discounted to today at 8.6%, 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 8.6%) |
|---|---|---|---|---|
| 2026 | $56.67M | extrapolated at 1.1% | 0.9210 | $52.19M |
| 2027 | $57.54M | extrapolated at 1.5% | 0.8482 | $48.8M |
| 2028 | $58.61M | extrapolated at 1.9% | 0.7812 | $45.79M |
| 2029 | $59.83M | extrapolated at 2.1% | 0.7195 | $43.05M |
| 2030 | $61.18M | extrapolated at 2.3% | 0.6627 | $40.54M |
| 2031 | $62.62M | extrapolated at 2.4% | 0.6103 | $38.22M |
| 2032 | $64.15M | extrapolated at 2.4% | 0.5621 | $36.06M |
| 2033 | $65.75M | extrapolated at 2.5% | 0.5177 | $34.04M |
| 2034 | $67.41M | extrapolated at 2.5% | 0.4768 | $32.14M |
| 2035 | $69.13M | extrapolated at 2.6% | 0.4392 | $30.36M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $401.19M |
| Terminal value: cash flow 2035 × (1 + 2.6%) / (8.6% − 2.6%) | $1.19B |
| Present value of terminal value (× 0.4392) | $522.99M |
| Equity value (sum plus present value of terminal value) | $924.18M |
| Shares (diluted) | 33.50M |
| Value per share (equity value divided by shares) | $27.59 |
| Fair value (from the cash flow model alone) | $27.59 |
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 30 Sep 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 8 Nov 2024)
- 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.