Surteco Group stock: fair value
SUR.DEThe fair value of Surteco Group under our model is $2.06, the price is 226% 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 $1.58 and expensive above $2.94 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 10.6%. At 11.6% the fair value would be $1.84, at 9.6% it would be $2.33.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.1%. Discounted at 10.6% (government bond yield 2.1% plus beta 2 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 $2.06 per share: free cash flow for the next ten years, each year discounted to today at 10.6%, 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 10.6%) |
|---|---|---|---|---|
| 2026 | $2.93M | extrapolated at −2.6% | 0.9042 | $2.65M |
| 2027 | $2.9M | extrapolated at −1.2% | 0.8175 | $2.37M |
| 2028 | $2.89M | extrapolated at −0.2% | 0.7392 | $2.14M |
| 2029 | $2.91M | extrapolated at 0.5% | 0.6683 | $1.94M |
| 2030 | $2.94M | extrapolated at 1.0% | 0.6043 | $1.78M |
| 2031 | $2.98M | extrapolated at 1.4% | 0.5463 | $1.63M |
| 2032 | $3.02M | extrapolated at 1.6% | 0.4940 | $1.49M |
| 2033 | $3.08M | extrapolated at 1.8% | 0.4466 | $1.37M |
| 2034 | $3.14M | extrapolated at 1.9% | 0.4038 | $1.27M |
| 2035 | $3.2M | extrapolated at 2.0% | 0.3651 | $1.17M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $17.81M |
| Terminal value: cash flow 2035 × (1 + 2.1%) / (10.6% − 2.1%) | $38.59M |
| Present value of terminal value (× 0.3651) | $14.09M |
| Equity value (sum plus present value of terminal value) | $31.9M |
| Shares (diluted) | 15.51M |
| Value per share (equity value divided by shares) | $2.06 |
| Fair value (from the cash flow model alone) | $2.06 |
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 Weak, published since 7 Nov 2026 (in the score history since 4 Apr 2025)
- 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.