Serviceware stock: fair value
SJJ.DEThe fair value of Serviceware under our model is $6.39, the price is 146% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $4.57 and expensive above $10.65 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $6.89 (cash-flow model) and $5.89 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 8.6%. At 9.6% the fair value would be $5.92, at 7.6% it would be $7.03.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (31.3).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.1%. Discounted at 8.6% (government bond yield 2.1% plus beta 1.54 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $6.89 per share: free cash flow for the next ten years, each year discounted to today at 8.6%, 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 8.6%) |
|---|---|---|---|---|
| 2026 | $4.06M | extrapolated at 10.3% | 0.9204 | $3.74M |
| 2027 | $4.38M | extrapolated at 7.8% | 0.8471 | $3.71M |
| 2028 | $4.65M | extrapolated at 6.1% | 0.7797 | $3.62M |
| 2029 | $4.88M | extrapolated at 4.9% | 0.7176 | $3.5M |
| 2030 | $5.08M | extrapolated at 4.1% | 0.6605 | $3.35M |
| 2031 | $5.25M | extrapolated at 3.5% | 0.6079 | $3.19M |
| 2032 | $5.42M | extrapolated at 3.1% | 0.5595 | $3.03M |
| 2033 | $5.57M | extrapolated at 2.8% | 0.5150 | $2.87M |
| 2034 | $5.71M | extrapolated at 2.6% | 0.4740 | $2.71M |
| 2035 | $5.85M | extrapolated at 2.5% | 0.4362 | $2.55M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $32.28M |
| Terminal value: cash flow 2035 × (1 + 2.1%) / (8.6% − 2.1%) | $91.86M |
| Present value of terminal value (× 0.4362) | $40.07M |
| Equity value (sum plus present value of terminal value) | $72.35M |
| Shares (diluted) | 10.50M |
| Value per share (equity value divided by shares) | $6.89 |
| Earnings per share, last twelve months | $0.19 |
| × 31.3 (industry P/E) | $5.89 |
| Fair value (average of both parts) | $6.39 |
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 30 Nov 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 Weak, published since 7 Nov 2026 (in the score history since 9 Jan 2026)
- Valuation signal Overvalued 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.