Realia Business stock: fair value
RLIA.MCThe fair value of Realia Business under our model is $1.37, the price is 19% 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 $1.14 and expensive above $1.72 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $1.47 (cash-flow model) and $1.27 (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 11.8%. At 12.8% the fair value would be $1.30, at 10.8% it would be $1.47.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (13.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.0%. Discounted at 11.8% (government bond yield 3.0% plus beta 1.53 times a risk premium of 5.8%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $1.47 per share: free cash flow for the next ten years, each year discounted to today at 11.8%, 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 11.8%) |
|---|---|---|---|---|
| 2026 | $171.52M | extrapolated at 10.7% | 0.8946 | $153.44M |
| 2027 | $185.9M | extrapolated at 8.4% | 0.8003 | $148.79M |
| 2028 | $198.47M | extrapolated at 6.8% | 0.7160 | $142.1M |
| 2029 | $209.62M | extrapolated at 5.6% | 0.6406 | $134.27M |
| 2030 | $219.73M | extrapolated at 4.8% | 0.5730 | $125.92M |
| 2031 | $229.1M | extrapolated at 4.3% | 0.5127 | $117.45M |
| 2032 | $237.97M | extrapolated at 3.9% | 0.4586 | $109.14M |
| 2033 | $246.53M | extrapolated at 3.6% | 0.4103 | $101.15M |
| 2034 | $254.93M | extrapolated at 3.4% | 0.3671 | $93.58M |
| 2035 | $263.28M | extrapolated at 3.3% | 0.3284 | $86.46M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.21B |
| Terminal value: cash flow 2035 × (1 + 3.0%) / (11.8% − 3.0%) | $3.07B |
| Present value of terminal value (× 0.3284) | $1.01B |
| Equity value (sum plus present value of terminal value) | $2.22B |
| Shares (diluted) | 1.51B |
| Value per share (equity value divided by shares) | $1.47 |
| Earnings per share, last twelve months | $0.09 |
| × 13.4 (industry P/E) | $1.27 |
| Fair value (average of both parts) | $1.37 |
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 Neutral, published since 7 Nov 2026 (in the score history since 3 Jul 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.