Samse stock: fair value
SAMS.PAThe fair value of Samse under our model is $252.82, the price is 50% 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 $210.68 and expensive above $316.02 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $224.08 (cash-flow model) and $281.56 (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 11.3%. At 12.3% the fair value would be $241.12, at 10.3% it would be $267.63.
Possible value trap: looks cheap, but weak growth.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (26.4).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.8%. Discounted at 11.3% (government bond yield 2.8% plus beta 1.9 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $224.08 per share: free cash flow for the next ten years, each year discounted to today at 11.3%, 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 11.3%) |
|---|---|---|---|---|
| 2026 | $67.16M | extrapolated at 0.2% | 0.8987 | $60.36M |
| 2027 | $67.81M | extrapolated at 1.0% | 0.8077 | $54.76M |
| 2028 | $68.83M | extrapolated at 1.5% | 0.7258 | $49.96M |
| 2029 | $70.13M | extrapolated at 1.9% | 0.6523 | $45.75M |
| 2030 | $71.64M | extrapolated at 2.2% | 0.5862 | $42M |
| 2031 | $73.32M | extrapolated at 2.3% | 0.5268 | $38.63M |
| 2032 | $75.13M | extrapolated at 2.5% | 0.4735 | $35.57M |
| 2033 | $77.06M | extrapolated at 2.6% | 0.4255 | $32.79M |
| 2034 | $79.09M | extrapolated at 2.6% | 0.3824 | $30.24M |
| 2035 | $81.2M | extrapolated at 2.7% | 0.3437 | $27.91M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $417.96M |
| Terminal value: cash flow 2035 × (1 + 2.8%) / (11.3% − 2.8%) | $982.82M |
| Present value of terminal value (× 0.3437) | $337.77M |
| Equity value (sum plus present value of terminal value) | $755.73M |
| Shares (diluted) | 3.37M |
| Value per share (equity value divided by shares) | $224.08 |
| Earnings per share, last twelve months | $10.65 |
| × 26.4 (industry P/E) | $281.56 |
| Fair value (average of both parts) | $252.82 |
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 5 Nov 2026)
- 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.