EuroTeleSites AG (ETS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of EuroTeleSites AG stock €9.35, price €4.45, upside +110.1%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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
37‑month range €3.11 – €5.84 · fair‑value band €6.54 – €12.15 · the €4.45 price screens below the €9.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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EuroTeleSites AG provides telecommunications infrastructure and solutions under the EuroTeleSites brand in Austria, Bulgaria, Croatia, Slovenia, North Macedonia, Serbia, and Slovenia. The company offers various solutions for building and maintaining various telecommunications services.
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It also provides space for installation of the required active components of the mobile network operator (MNO), including antennas, directional radio antennas, and air conditioning and access systems; contract management services comprising colocation management for existing and future contracts; and structure, air-conditioning, security, and energy systems maintenance services.
In addition, the company supports the MNOs in electromagnetic fields (EMF) communication with authorities and tenants; offers built-to-suit and upgrading services, as well as energy services comprise alternative energy supply; and solutions for deployment and maintenance of wireless telecommunication networks.
It serves mobile network operators, internet service providers, enterprises, and government agencies. The company was founded in 2023 and is headquartered in Vienna, Austria. EuroTeleSites AG operates as a subsidiary of América Móvil B.V.
Stock analysis
EuroTeleSites AG (ETS) currently trades at €4.45, while our model-based Fair Value estimate is €9.35, implying the stock looks roughly 52% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €17.16 per share, and 16 of the 23 models we run sit above the €4.45 price.
Bear case: the Economic Profit group reads lowest at €1.71, and 7 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €6.54 (bear) to €12.15 (bull), the price of €4.45 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 49/100 (below-average quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
EuroTeleSites AG reported revenue of €276M in FY2025 versus €27.0M in FY2021, a compound +78.8%/yr. Reported net income was €33.4M in FY2025.
Key figures
Market cap €739M Small · P/E ratio 19.3 · P/S ratio 2.56 · EPS (TTM) €0.2300 · Net margin 13.3% · Return on equity 9.8% · Return on assets (EBIT) −0.5% (5-year average) · Operating margin 38.9%.
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 9% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 110%, ETS screens cheaper than that median.
Fair Value models
Bear€6.54Fair Value €9.35Bull€12.15
Price €4.45 · Upside +110.1%
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 (€0.1966 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.
Revenue growth 1 year
+5.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+68.4%
’21
’22
’23
’24
’25
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.
+1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.8%
Dividend (yield on the price)0.0%
Profit margin 2021 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.−257% → 38%
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).
−1.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −3.4% 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.Telecom Services · 235 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+110.1% · Top 25%
Profitability
Return on equity (12 months)9.8% · Above median
Return on assets1.6% · Below median
Net margin (12 months)13.3% · Above median
Operating margin (12 months)38.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.0% · Above median
Balance sheet
Debt / equity1.64× · Highest 25%
Valuation Multiplesvs Telecom Services 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). "EuroTeleSites AG Fair Value". https://www.fairvalue-calculator.com/stock/ETS
Frequently asked questions
Is EuroTeleSites AG (ETS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €9.35 versus a price of €4.45, about +110% upside (undervalued).
What is the fair value of ETS?
Our model-based fair value for EuroTeleSites AG is €9.35 (as of Nov 6, 2026), built from audited fundamentals. The current price: €4.45.
What is the quality score of ETS?
EuroTeleSites AG has a Quality Score of 49/100. 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 EuroTeleSites AG (ETS)?
Our model-based price target is the fair value of €9.35 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario €6.54, optimistic scenario €12.15. It is a calculation from audited fundamentals, not an analyst target.
What is the EuroTeleSites AG stock forecast for 2026?
Our models put fair value at €9.35, about +110% upside versus a price of €4.45 (undervalued). Cautious scenario €6.54, optimistic scenario €12.15. The calculation is refreshed regularly with new filings.
What is the revenue of EuroTeleSites AG (ETS)?
EuroTeleSites AG reported trailing-twelve-month revenue of about €288M (latest available figure, as of Nov 6, 2026).
What growth is priced into EuroTeleSites AG (ETS)?
For today's price to be fair in a discounted-cash-flow model, EuroTeleSites AG would have to grow free cash flow by -1.3 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +78.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ETS use?
Our models discount EuroTeleSites AG at 11.0 %: a base by market capitalisation (small), damped by beta 0.88, country premium for Austria. 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 EuroTeleSites AG that is -1.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has EuroTeleSites AG (ETS) delivered so far?
Over the past 4 years revenue at EuroTeleSites AG grew +78.8 % a year. The price currently implies free-cash-flow growth of -1.3 % 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 EuroTeleSites AG (ETS) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into EuroTeleSites AG (-1.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EuroTeleSites AG (ETS)?
The free-cash-flow yield on the price is 23.20 %: that much free cash flow EuroTeleSites AG produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EuroTeleSites AG (ETS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EuroTeleSites AG it is €9.35 per share (as of Nov 6, 2026), against a price of €4.45. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is EuroTeleSites AG stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ETS trades below its calculated fair value: price €4.45, fair value €9.35, a gap of about +110% (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 ETS?
No. The price is what the market pays today (€4.45); the fair value is what the company's own numbers justify (€9.35). For EuroTeleSites AG the two are €4.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is EuroTeleSites AG worth?
The market values EuroTeleSites AG at about €739M (market capitalisation, as of Nov 6, 2026). Per share that is €4.45; our models calculate a fair value of €9.35 per share.
What do the bullish and bearish scenarios say about ETS?
Our models span a range for EuroTeleSites AG: cautious scenario €6.54, base €9.35, optimistic €12.15 per share (as of Nov 6, 2026, price €4.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ETS?
EuroTeleSites AG trades at a price-to-earnings ratio of 19.3 (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 €9.35 is built from several models across several years. Other multiples: P/B 1.8, P/S 2.6, EV/EBITDA 7.9.
How solid is the balance sheet of EuroTeleSites AG (ETS)?
Balance-sheet figures for EuroTeleSites AG (as of Nov 6, 2026): return on equity 9.8%, debt of 1.64 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is ETS from its 52-week high?
EuroTeleSites AG trades at €4.45, about 9% below its 52-week high of €4.87 and 5% above the low of €4.25 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €9.35 is for.
Which stocks are comparable to EuroTeleSites AG?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 EuroTeleSites AG stock attractive at the current price?
The data as of Nov 6, 2026: price €4.45, calculated fair value €9.35 (+110%), Quality Score 49/100, from 24 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 ETS calculated?
We run EuroTeleSites AG through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €9.35 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 13.0% above its aggregate fair value. EuroTeleSites AG currently trades 52% 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 EuroTeleSites AG (ETS)?
The closing price on Nov 6, 2026 was €4.45. Our model-based fair value is €9.35, about +110% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EuroTeleSites AG right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€6.54). The market is more pessimistic than our downside scenario. A fairly wide model range (€6.54 to €12.15) leaves room in how you read the outcome.
Key figures of EuroTeleSites AG
How large is the market capitalisation of EuroTeleSites AG (ETS)?
The market capitalisation of EuroTeleSites AG is €739M. 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 EuroTeleSites AG (ETS)?
The price-to-sales ratio of EuroTeleSites AG is 2.56 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EuroTeleSites AG (ETS)?
Earnings per share at EuroTeleSites AG are €0.2300 (price ÷ EPS = P/E 19.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EuroTeleSites AG (ETS)?
The net margin of EuroTeleSites AG is 13.3% (last twelve months). 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 EuroTeleSites AG (ETS)?
The return on equity (ROE) of EuroTeleSites AG is 9.8% (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 EuroTeleSites AG (ETS)?
On an EBIT basis the return on assets of EuroTeleSites AG is −0.5% (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 EuroTeleSites AG (ETS)?
The operating margin of EuroTeleSites AG is 38.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EuroTeleSites AG (ETS)?
Revenue at EuroTeleSites AG is growing +6.0% versus a year earlier (3y avg +68.4%). 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 EuroTeleSites AG (ETS)?
Earnings per share at EuroTeleSites AG are growing +27.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EuroTeleSites AG (ETS) carry?
The net debt of EuroTeleSites AG is €889M (fiscal year 2025, ≈ 5.2 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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Nov 6, 2026