BLE Kedros R.E.I.C. (BLEKEDROS) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of BLE Kedros R.E.I.C. stock €4.09, price €4.67, that is 12.4% below the price, quality 67 out of 100. Rating: overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
53‑month range €1.70 – €4.67 · fair‑value band €2.78 – €6.13 · the €4.67 price screens above the €4.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Ble Kedros REIC operates in the field of real estate investment, development, and management activities. The company was founded in 2014 and is based in Athens, Greece.
Stock analysis
BLE Kedros R.E.I.C. (BLEKEDROS) currently trades at €4.67, while our model-based Fair Value estimate is €4.09, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €4.19 per share, and 4 of the 15 models we run sit above the €4.67 price.
Bear case: the Dividend Discount group reads lowest at €2.21, and 11 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: €2.78 (bear) to €6.13 (bull), the price of €4.67 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BLE Kedros R.E.I.C. reported revenue of €10.9M in FY2025 versus €4.8M in FY2021, a compound +23.0%/yr. Reported net income was €13.4M in FY2025, compounding −10.2%/yr from FY2021.
Key figures
Market cap €189M Micro · P/E ratio 6.9 · P/S ratio 8.44 · EPS (TTM) €0.6800 · Dividend yield 4.8% · Net margin 123% · Return on equity 21.8% · Return on assets (EBIT) 8.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at −12%, BLEKEDROS screens richer than that median.
Fair Value models
Bear€2.78Fair Value €4.09Bull€6.13
Price €4.67 · Downside -12.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.5831 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+35.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+30.9%
Dividend (yield on the price)4.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−73% → 87%
2025 sits 87% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +14.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 138 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−12.4% · Below median
Profitability
Return on equity (12 months)21.8% · Top 25%
Return on assets9.2% · Top 25%
Net margin (12 months)123.0% · Top 25%
Operating margin (12 months)−11.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−17.2% · Bottom 25%
Dividend yield (12 months)4.8% · Below median
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)6.9× · Cheaper than median
P/B1.48× · Priciest 25%
P/S (12 months)18.40× · Priciest 25%
Price / free cash flow (fiscal year)19.7× · Pricier than median
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Is BLE Kedros R.E.I.C. (BLEKEDROS) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €4.09 versus a price of €4.67, about 12% lower (overvalued).
What is the fair value of BLEKEDROS?
Our model-based fair value for BLE Kedros R.E.I.C. is €4.09 (as of Nov 8, 2026), built from audited fundamentals. The current price: €4.67.
What is the quality score of BLEKEDROS?
BLE Kedros R.E.I.C. has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BLE Kedros R.E.I.C. (BLEKEDROS)?
Our model-based price target is the fair value of €4.09 (as of Nov 8, 2026) from 15 valuation models. Cautious scenario €2.78, optimistic scenario €6.13. It is a calculation from audited fundamentals, not an analyst target.
What is the BLE Kedros R.E.I.C. stock forecast for 2026?
Our models put fair value at €4.09, about 12% lower versus a price of €4.67 (overvalued). Cautious scenario €2.78, optimistic scenario €6.13. The calculation is refreshed regularly with new filings.
What is the revenue of BLE Kedros R.E.I.C. (BLEKEDROS)?
BLE Kedros R.E.I.C. reported trailing-twelve-month revenue of about €10.3M (latest available figure, as of Nov 8, 2026).
Does BLE Kedros R.E.I.C. pay a dividend?
BLE Kedros R.E.I.C. currently shows a dividend yield of 4.75% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of BLE Kedros R.E.I.C. (BLEKEDROS)?
BLE Kedros R.E.I.C. has a dividend yield of 4.8%.
What growth is priced into BLE Kedros R.E.I.C. (BLEKEDROS)?
For today's price to be fair in a discounted-cash-flow model, BLE Kedros R.E.I.C. would have to grow free cash flow by +17.2 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BLEKEDROS use?
Our models discount BLE Kedros R.E.I.C. at 13.9 %: a base by market capitalisation (micro), damped by beta 0.04, country premium for Greece. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BLE Kedros R.E.I.C. that is +17.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has BLE Kedros R.E.I.C. (BLEKEDROS) delivered so far?
Over the past 5 years revenue at BLE Kedros R.E.I.C. grew +25.7 % a year. The price currently implies free-cash-flow growth of +17.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BLE Kedros R.E.I.C. (BLEKEDROS) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into BLE Kedros R.E.I.C. (+17.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BLE Kedros R.E.I.C. (BLEKEDROS)?
The free-cash-flow yield on the price is 5.09 %: that much free cash flow BLE Kedros R.E.I.C. produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BLE Kedros R.E.I.C. (BLEKEDROS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BLE Kedros R.E.I.C. it is €4.09 per share (as of Nov 8, 2026), against a price of €4.67. It is the blended result of 15 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is BLE Kedros R.E.I.C. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BLEKEDROS trades above its calculated fair value: price €4.67, fair value €4.09, a gap of about −12% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BLEKEDROS?
No. The price is what the market pays today (€4.67); the fair value is what the company's own numbers justify (€4.09). For BLE Kedros R.E.I.C. the two are €0.5800 per share apart. That gap is exactly why we show both numbers side by side.
How much is BLE Kedros R.E.I.C. worth?
The market values BLE Kedros R.E.I.C. at about €189M (market capitalisation, as of Nov 8, 2026). Per share that is €4.67; our models calculate a fair value of €4.09 per share.
What do the bullish and bearish scenarios say about BLEKEDROS?
Our models span a range for BLE Kedros R.E.I.C.: cautious scenario €2.78, base €4.09, optimistic €6.13 per share (as of Nov 8, 2026, price €4.67). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLEKEDROS?
BLE Kedros R.E.I.C. trades at a price-to-earnings ratio of 6.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.09 is built from several models across several years. Other multiples: P/B 1.5, P/S 18.4, EV/EBITDA 30.7.
How solid is the balance sheet of BLE Kedros R.E.I.C. (BLEKEDROS)?
Balance-sheet figures for BLE Kedros R.E.I.C. (as of Nov 8, 2026): return on equity 21.8%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is BLEKEDROS from its 52-week high?
BLE Kedros R.E.I.C. trades at €4.67, at its 52-week high of €4.67 and 22% above the low of €3.83 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €4.09 is for.
Which stocks are comparable to BLE Kedros R.E.I.C.?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BLE Kedros R.E.I.C. stock attractive at the current price?
The data as of Nov 8, 2026: price €4.67, calculated fair value €4.09 (−12%), Quality Score 67/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BLEKEDROS calculated?
We run BLE Kedros R.E.I.C. through 15 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €4.09 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. BLE Kedros R.E.I.C. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BLE Kedros R.E.I.C. (BLEKEDROS)?
The closing price on Nov 9, 2026 was €4.67. Our model-based fair value is €4.09, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BLE Kedros R.E.I.C. right now?
Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€2.78 to €6.13) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of BLE Kedros R.E.I.C.
How large is the market capitalisation of BLE Kedros R.E.I.C. (BLEKEDROS)?
The market capitalisation of BLE Kedros R.E.I.C. is €189M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BLE Kedros R.E.I.C. (BLEKEDROS)?
The price-to-sales ratio of BLE Kedros R.E.I.C. is 8.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BLE Kedros R.E.I.C. (BLEKEDROS)?
Earnings per share at BLE Kedros R.E.I.C. are €0.6800 (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BLE Kedros R.E.I.C. (BLEKEDROS)?
The dividend yield of BLE Kedros R.E.I.C. is 4.8% (payout 32.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BLE Kedros R.E.I.C. (BLEKEDROS)?
The net margin of BLE Kedros R.E.I.C. is 123% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BLE Kedros R.E.I.C. (BLEKEDROS)?
The return on equity (ROE) of BLE Kedros R.E.I.C. is 21.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BLE Kedros R.E.I.C. (BLEKEDROS)?
On an EBIT basis the return on assets of BLE Kedros R.E.I.C. is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BLE Kedros R.E.I.C. (BLEKEDROS)?
The operating margin of BLE Kedros R.E.I.C. is −11.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BLE Kedros R.E.I.C. (BLEKEDROS)?
Revenue at BLE Kedros R.E.I.C. is growing −17.2% versus a year earlier (3y avg +45.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BLE Kedros R.E.I.C. (BLEKEDROS)?
Earnings per share at BLE Kedros R.E.I.C. are growing +325% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BLE Kedros R.E.I.C. (BLEKEDROS) carry?
The net debt of BLE Kedros R.E.I.C. is €3.7M (fiscal year 2024, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026