Neon Equity AG (D77) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Neon Equity AG stock €7.46, price €5.40, upside +38.1%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 2 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 6, 2026.
How to read this chart
45‑month range €1.44 – €10.45 · fair‑value band €5.59 – €9.32 · the €5.40 price screens below the €7.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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DN Group AG is a private equity firm specializing in growth capital, buyout and SPAC investments. The firm prefers to invests in property, consulting, blockchain, technology and ESG sectors. It seeks to invest in companies based in Europe.
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DN Group AG was founded in 2023 and is based in Frankfurt am Main, Germany.
Stock analysis
Neon Equity AG (D77) currently trades at €5.40, while our model-based Fair Value estimate is €7.46, implying the stock looks roughly 28% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 85/100, which puts the data coverage at low.
Scenario range: €5.59 (bear) to €9.32 (bull), the price of €5.40 sits below 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 55/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Neon Equity AG reported revenue of €2.5M in FY2025 versus €3.8M in FY2022, a compound −13.1%/yr. Reported net income was €23.1M in FY2025, compounding +24.5%/yr from FY2022.
Key figures
Market cap €238M Micro · P/E ratio 8.1 · P/S ratio 74.2 · EPS (TTM) €0.6700 · Return on equity 5.9% · Return on assets (EBIT) 6.4% (4-year average) · Operating margin 88.2% · Revenue (TTM) −€7.1M.
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 about 8% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 38%, D77 screens cheaper than that median.
Fair Value models
Bear€5.59Fair Value €7.46Bull€9.32
Price €5.40 · Upside +38.1%
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 (€0.5745 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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 3 years) ⓘ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 3 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.
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.Asset Management · 587 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+38.1% · Above median
Profitability
Return on equity (12 months)5.9% · Below median
Return on assets5.0% · Above median
Operating margin (12 months)88.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−72.5% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Neon Equity AG Fair Value". https://www.fairvalue-calculator.com/stock/D77
Frequently asked questions
Is Neon Equity AG (D77) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €7.46 versus a price of €5.40, about +38% upside (undervalued).
What is the fair value of D77?
Our model-based fair value for Neon Equity AG is €7.46 (as of Nov 6, 2026), built from audited fundamentals. The current price: €5.40.
What is the quality score of D77?
Neon Equity AG has a Quality Score of 55/100. 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 Neon Equity AG (D77)?
Our model-based price target is the fair value of €7.46 (as of Nov 6, 2026) from 2 valuation models. Cautious scenario €5.59, optimistic scenario €9.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Neon Equity AG stock forecast for 2026?
Our models put fair value at €7.46, about +38% upside versus a price of €5.40 (undervalued). Cautious scenario €5.59, optimistic scenario €9.32. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Neon Equity AG (D77)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Neon Equity AG it is €7.46 per share (as of Nov 6, 2026), against a price of €5.40. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Neon Equity AG stock overvalued or undervalued in 2026?
As of Nov 6, 2026, D77 trades below its calculated fair value: price €5.40, fair value €7.46, a gap of about +38% (undervalued). 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 D77?
No. The price is what the market pays today (€5.40); the fair value is what the company's own numbers justify (€7.46). For Neon Equity AG the two are €2.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Neon Equity AG worth?
The market values Neon Equity AG at about €238M (market capitalisation, as of Nov 6, 2026). Per share that is €5.40; our models calculate a fair value of €7.46 per share.
What do the bullish and bearish scenarios say about D77?
Our models span a range for Neon Equity AG: cautious scenario €5.59, base €7.46, optimistic €9.32 per share (as of Nov 6, 2026, price €5.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of D77?
Neon Equity AG trades at a price-to-earnings ratio of 8.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €7.46 is built from several models across several years. Other multiples: P/B 0.7, EV/EBITDA 10.1.
How solid is the balance sheet of Neon Equity AG (D77)?
Balance-sheet figures for Neon Equity AG (as of Nov 6, 2026): return on equity 5.9%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is D77 from its 52-week high?
Neon Equity AG trades at €5.40, about 8% below its 52-week high of €5.90 and 11% above the low of €4.86 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €7.46 is for.
Which stocks are comparable to Neon Equity AG?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Neon Equity AG stock attractive at the current price?
The data as of Nov 6, 2026: price €5.40, calculated fair value €7.46 (+38%), Quality Score 55/100, from 2 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 D77 calculated?
We run Neon Equity AG through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of €7.46 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. Neon Equity AG currently trades 28% below its own fair value, and the market average says nothing about that. 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 Neon Equity AG (D77)?
The closing price on Nov 6, 2026 was €5.40. Our model-based fair value is €7.46, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Neon Equity AG right now?
The price is below even our cautious bear case (€5.59). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Neon Equity AG
How large is the market capitalisation of Neon Equity AG (D77)?
The market capitalisation of Neon Equity AG is €238M. 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 Neon Equity AG (D77)?
The price-to-sales ratio of Neon Equity AG is 74.2 (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 Neon Equity AG (D77)?
Earnings per share at Neon Equity AG are €0.6700 (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Neon Equity AG (D77)?
The return on equity (ROE) of Neon Equity AG is 5.9% (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 Neon Equity AG (D77)?
On an EBIT basis the return on assets of Neon Equity AG is 6.4% (avg 4y). 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 Neon Equity AG (D77)?
The operating margin of Neon Equity AG is 88.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Neon Equity AG (D77) generate?
Neon Equity AG generates revenue of −€7.1M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Neon Equity AG (D77)?
Revenue at Neon Equity AG is growing −72.5% versus a year earlier (3y avg −13.1%). 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 Neon Equity AG (D77)?
Earnings per share at Neon Equity AG are growing −91.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Neon Equity AG (D77) carry?
The net debt of Neon Equity AG is €3.5M (fiscal year 2023). 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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Thin data
Nov 6, 2026