Logwin stock: fair value
TGHN.DEThe fair value of Logwin under our model is $493.19, the price is 36% 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 $410.99 and expensive above $616.48 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $526.41 (cash-flow model) and $459.97 (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 7.5%. At 8.5% the fair value would be $450.23, at 6.5% it would be $557.56.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (21).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.5%. Discounted at 7.5% (floor: government bond yield 2.5% plus 5 percentage points, since beta 0.84 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 $526.41 per share: free cash flow for the next ten years, each year discounted to today at 7.5%, 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 7.5%) |
|---|---|---|---|---|
| 2026 | $88.78M | extrapolated at −5.7% | 0.9304 | $82.6M |
| 2027 | $85.88M | extrapolated at −3.3% | 0.8657 | $74.34M |
| 2028 | $84.55M | extrapolated at −1.5% | 0.8054 | $68.1M |
| 2029 | $84.27M | extrapolated at −0.3% | 0.7494 | $63.15M |
| 2030 | $84.7M | extrapolated at 0.5% | 0.6972 | $59.05M |
| 2031 | $85.63M | extrapolated at 1.1% | 0.6487 | $55.55M |
| 2032 | $86.93M | extrapolated at 1.5% | 0.6035 | $52.46M |
| 2033 | $88.5M | extrapolated at 1.8% | 0.5615 | $49.69M |
| 2034 | $90.27M | extrapolated at 2.0% | 0.5225 | $47.16M |
| 2035 | $92.21M | extrapolated at 2.2% | 0.4861 | $44.82M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $596.93M |
| Terminal value: cash flow 2035 × (1 + 2.5%) / (7.5% − 2.5%) | $1.89B |
| Present value of terminal value (× 0.4861) | $918.71M |
| Equity value (sum plus present value of terminal value) | $1.52B |
| Shares (diluted) | 2.88M |
| Value per share (equity value divided by shares) | $526.41 |
| Earnings per share, last twelve months | $21.89 |
| × 21 (industry P/E) | $459.97 |
| Fair value (average of both parts) | $493.19 |
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 18 Oct 2026)
- 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.