Sipef stock: fair value
SIP.BRThe fair value of Sipef under our model is $232.78, the price is 48% 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 $193.98 and expensive above $290.98 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $260.25 (cash-flow model) and $205.31 (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 8.8%. At 9.8% the fair value would be $211.15, at 7.8% it would be $265.22.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (16.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.8 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 $260.25 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, 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 8.8%) |
|---|---|---|---|---|
| 2026 | $139.43M | extrapolated at 2.7% | 0.9189 | $128.12M |
| 2027 | $143.71M | extrapolated at 3.1% | 0.8443 | $121.34M |
| 2028 | $148.45M | extrapolated at 3.3% | 0.7758 | $115.17M |
| 2029 | $153.58M | extrapolated at 3.5% | 0.7129 | $109.48M |
| 2030 | $159.06M | extrapolated at 3.6% | 0.6550 | $104.19M |
| 2031 | $164.86M | extrapolated at 3.7% | 0.6019 | $99.23M |
| 2032 | $170.96M | extrapolated at 3.7% | 0.5530 | $94.55M |
| 2033 | $177.36M | extrapolated at 3.7% | 0.5082 | $90.13M |
| 2034 | $184.04M | extrapolated at 3.8% | 0.4669 | $85.94M |
| 2035 | $191.01M | extrapolated at 3.8% | 0.4291 | $81.95M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.03B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $3.97B |
| Present value of terminal value (× 0.4291) | $1.7B |
| Equity value (sum plus present value of terminal value) | $2.73B |
| Shares (diluted) | 10.50M |
| Value per share (equity value divided by shares) | $260.25 |
| Earnings per share, last twelve months | $12.23 |
| × 16.8 (industry P/E) | $205.31 |
| Fair value (average of both parts) | $232.78 |
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 3 Oct 2025)
- 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.