Synergie stock: fair value
SDG.PAThe fair value of Synergie under our model is $46.03, the price is 34% 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 $38.36 and expensive above $57.54 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $49.48 (cash-flow model) and $42.58 (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 7.8%. At 8.8% the fair value would be $42.06, at 6.8% it would be $51.98.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (18.2).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.8%. Discounted at 7.8% (floor: government bond yield 2.8% plus 5 percentage points, since beta 0.91 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 $49.48 per share: free cash flow for the next ten years, each year discounted to today at 7.8%, 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 7.8%) |
|---|---|---|---|---|
| 2026 | $79.18M | extrapolated at −11.3% | 0.9278 | $73.46M |
| 2027 | $73.58M | extrapolated at −7.1% | 0.8608 | $63.34M |
| 2028 | $70.55M | extrapolated at −4.1% | 0.7987 | $56.35M |
| 2029 | $69.1M | extrapolated at −2.1% | 0.7410 | $51.21M |
| 2030 | $68.69M | extrapolated at −0.6% | 0.6876 | $47.23M |
| 2031 | $68.98M | extrapolated at 0.4% | 0.6379 | $44M |
| 2032 | $69.75M | extrapolated at 1.1% | 0.5919 | $41.28M |
| 2033 | $70.88M | extrapolated at 1.6% | 0.5492 | $38.92M |
| 2034 | $72.28M | extrapolated at 2.0% | 0.5095 | $36.83M |
| 2035 | $73.87M | extrapolated at 2.2% | 0.4727 | $34.92M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $487.55M |
| Terminal value: cash flow 2035 × (1 + 2.8%) / (7.8% − 2.8%) | $1.52B |
| Present value of terminal value (× 0.4727) | $717.88M |
| Equity value (sum plus present value of terminal value) | $1.21B |
| Shares (diluted) | 24.36M |
| Value per share (equity value divided by shares) | $49.48 |
| Earnings per share, last twelve months | $2.34 |
| × 18.2 (industry P/E) | $42.58 |
| Fair value (average of both parts) | $46.03 |
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 30 Jun 2024)
- 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.