Quest Holdings stock: fair value
QUEST.ATThe fair value of Quest Holdings under our model is $12.97, the price is 37% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $10.81 and expensive above $16.21 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $15.14 (cash-flow model) and $10.79 (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 11.4%. At 12.4% the fair value would be $12.04, at 10.4% it would be $14.16.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (18.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.5%. Discounted at 11.4% (government bond yield 3.5% plus beta 1.12 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $15.14 per share: free cash flow for the next ten years, each year discounted to today at 11.4%, 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 11.4%) |
|---|---|---|---|---|
| 2026 | $73.59M | extrapolated at 35.6% | 0.8979 | $66.07M |
| 2027 | $92.71M | extrapolated at 26.0% | 0.8061 | $74.74M |
| 2028 | $110.53M | extrapolated at 19.2% | 0.7238 | $80M |
| 2029 | $126.55M | extrapolated at 14.5% | 0.6499 | $82.24M |
| 2030 | $140.7M | extrapolated at 11.2% | 0.5835 | $82.1M |
| 2031 | $153.18M | extrapolated at 8.9% | 0.5239 | $80.25M |
| 2032 | $164.27M | extrapolated at 7.2% | 0.4704 | $77.27M |
| 2033 | $174.31M | extrapolated at 6.1% | 0.4223 | $73.61M |
| 2034 | $183.57M | extrapolated at 5.3% | 0.3792 | $69.61M |
| 2035 | $192.31M | extrapolated at 4.8% | 0.3405 | $65.47M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $751.36M |
| Terminal value: cash flow 2035 × (1 + 3.5%) / (11.4% − 3.5%) | $2.51B |
| Present value of terminal value (× 0.3405) | $855.63M |
| Equity value (sum plus present value of terminal value) | $1.61B |
| Shares (diluted) | 106.16M |
| Value per share (equity value divided by shares) | $15.14 |
| Earnings per share, last twelve months | $0.58 |
| × 18.8 (industry P/E) | $10.79 |
| Fair value (average of both parts) | $12.97 |
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 = €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 Strong, published since 7 Nov 2026 (in the score history since 10 Apr 2026)
- 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.