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Data-driven stock valuation

Green Earth Group N.V. (HWK) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Green Earth Group N.V. stock €2.38, price €2.22, upside +7.2%, quality 49 out of 100. Rating: fairly valued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services · ISIN NL0010556726

GE Green Earth Group N.V. logo Thin data Nov 4, 2026

Green Earth Group N.V.

HWK · AS
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Costs just 0.4 times its yearly profit.
Fair value €2.38 · Fairly valued
Quality 49/100
Mixed vs. peers (4/10)
Weak Growth (revenue 5y −31.3 %/yr in EUR)
Negative free cash flow
Narrow moat 22/100
Thin data
⚠ Thinly traded
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€2.68 €1.48 Fair Value €2.38 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range €1.48 – €2.68 · fair‑value band €1.79 – €2.98 · the €2.22 price screens below the €2.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.

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Company profile

Hawick Data N.V. engages in media advertising business in the Netherlands. The company offers standard advertisements; text links; and branded content articles. It also provides paid subscriptions. Hawick Data N.V. was founded in 1999 and is based in Bussum, the Netherlands.

Stock analysis

Green Earth Group N.V. (HWK) currently trades at €2.22, while our model-based Fair Value estimate is €2.38, so the stock looks roughly fairly valued today (gap 6.7%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: €1.79 (bear) to €2.98 (bull), the price of €2.22 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 49/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Green Earth Group N.V. reported revenue of €0 in FY2025 versus €4.5M in FY2021. Reported net income was €109K in FY2025, compounding −35.9%/yr from FY2021.

Key figures

Market cap €8.7M Micro · P/E ratio 0.4 · P/S ratio 3.60 · EPS (TTM) €6.32 · Return on equity 2.8% · Return on assets (EBIT) 21.2% (5-year average) · Revenue (TTM) €2.4M · EPS growth (YoY) +530%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).

What moves the price

The share trades about 6% 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 7%, HWK screens cheaper than that median.

Fair Value models

Bear €1.79 Fair Value €2.38 Bull €2.98
Price €2.22 · Upside +7.2%
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 (€5.42 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.
Best data coverage
P/B Multiple €1.79 €2.38 €2.98 55
NCAV (Graham) €1.85 €2.80 €3.50 55
All 2 models by family
Multiples
P/B Multiple €1.79 €2.38 €2.98 55
Asset-Based
NCAV (Graham) €1.85 €2.80 €3.50 55

Open the full fair value analysis →

Quality Score breakdown

Overall quality 49/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 27
How much profit the company makes from its sales and capital
Quality Growth 8
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 75
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 46
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 5/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−88.3%
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.
−48.9%
Revenue growth 5 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.
−31.3%
Revenue growth 20 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.
−22.7%
What shareholders gained per year (last 5 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 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.
−30.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.0%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘ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.−23% → 77%
⚠ Revenue per share shrinking 23.6%/yr over ~11Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

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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 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside +7.2% · Below median
Profitability
Return on equity (12 months) 2.8% · Below median
Return on assets 1.0% · Below median
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (12 months) 0.4× · Cheapest 25%
P/B 0.79× · Cheaper than median
P/S (12 months) 3.57× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)43 · sector 60
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)11 · sector 29
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 80

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €73.35 €139.37 +90% vs HWK
Raymond James Financial, Inc RJF $162.81 $281.42 +73% vs HWK
Apollo Global Management, Inc APO $116.75 $197.52 +69% vs HWK
Ameriprise Financial, Inc AMP $501.49 $609.56 +22% vs HWK
State Street Corporation STT $165.56 $139.37 −16% vs HWK
Ares Management Corporation ARES $133.98 $99.35 −26% vs HWK
Northern Trust Corporation NTRS $172.76 $123.42 −29% vs HWK
Brookfield Asset Management Ltd BAM $52.95 $31.26 −41% vs HWK
Blackstone Inc BX $119.50 $52.29 −56% vs HWK
KKR & Co KKR $96.48 $27.32 −72% vs HWK

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Green Earth Group N.V.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Green Earth Group N.V. Fair Value". https://www.fairvalue-calculator.com/stock/HWK

Frequently asked questions

Is Green Earth Group N.V. (HWK) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €2.38 versus a price of €2.22, about +7% upside (fairly valued).
What is the fair value of HWK?
Our model-based fair value for Green Earth Group N.V. is €2.38 (as of Nov 4, 2026), built from audited fundamentals. The current price: €2.22.
What is the quality score of HWK?
Green Earth Group N.V. 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 Green Earth Group N.V. (HWK)?
Our model-based price target is the fair value of €2.38 (as of Nov 4, 2026) from 2 valuation models. Cautious scenario €1.79, optimistic scenario €2.98. It is a calculation from audited fundamentals, not an analyst target.
What is the Green Earth Group N.V. stock forecast for 2026?
Our models put fair value at €2.38, about +7% upside versus a price of €2.22 (fairly valued). Cautious scenario €1.79, optimistic scenario €2.98. The calculation is refreshed regularly with new filings.
What is the revenue of Green Earth Group N.V. (HWK)?
Green Earth Group N.V. reported trailing-twelve-month revenue of about €2.4M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Green Earth Group N.V. (HWK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Green Earth Group N.V. it is €2.38 per share (as of Nov 4, 2026), against a price of €2.22. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Green Earth Group N.V. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, HWK trades below its calculated fair value: price €2.22, fair value €2.38, a gap of about +7% (fairly valued). 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 HWK?
No. The price is what the market pays today (€2.22); the fair value is what the company's own numbers justify (€2.38). For Green Earth Group N.V. the two are €0.1600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Green Earth Group N.V. worth?
The market values Green Earth Group N.V. at about €8.7M (market capitalisation, as of Nov 4, 2026). Per share that is €2.22; our models calculate a fair value of €2.38 per share.
What do the bullish and bearish scenarios say about HWK?
Our models span a range for Green Earth Group N.V.: cautious scenario €1.79, base €2.38, optimistic €2.98 per share (as of Nov 4, 2026, price €2.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HWK?
Green Earth Group N.V. trades at a price-to-earnings ratio of 0.4 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.38 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 5.9. Other multiples: P/B 0.8, P/S 3.6.
How solid is the balance sheet of Green Earth Group N.V. (HWK)?
Balance-sheet figures for Green Earth Group N.V. (as of Nov 4, 2026): return on equity 2.8%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is HWK from its 52-week high?
Green Earth Group N.V. trades at €2.22, about 6% below its 52-week high of €2.36 and 11% above the low of €2.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €2.38 is for.
Which stocks are comparable to Green Earth Group N.V.?
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 Green Earth Group N.V. stock attractive at the current price?
The data as of Nov 4, 2026: price €2.22, calculated fair value €2.38 (+7%), Quality Score 49/100, 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 HWK calculated?
We run Green Earth Group N.V. through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of €2.38 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. Green Earth Group N.V. currently trades 7% 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 Green Earth Group N.V. (HWK)?
The closing price on Nov 6, 2026 was €2.22. Our model-based fair value is €2.38, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Green Earth Group N.V. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Green Earth Group N.V.

How large is the market capitalisation of Green Earth Group N.V. (HWK)?
The market capitalisation of Green Earth Group N.V. is €8.7M. 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 Green Earth Group N.V. (HWK)?
The price-to-sales ratio of Green Earth Group N.V. is 3.60 (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 Green Earth Group N.V. (HWK)?
Earnings per share at Green Earth Group N.V. are €6.32 (price ÷ EPS = P/E 0.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Green Earth Group N.V. (HWK)?
The return on equity (ROE) of Green Earth Group N.V. is 2.8% (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 Green Earth Group N.V. (HWK)?
On an EBIT basis the return on assets of Green Earth Group N.V. is 21.2% (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.
How fast are earnings growing at Green Earth Group N.V. (HWK)?
Earnings per share at Green Earth Group N.V. are growing +530% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Green Earth Group N.V. (HWK) generate?
The free cash flow of Green Earth Group N.V. is −€127K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Green Earth Group N.V. (HWK) hold?
Green Earth Group N.V. holds more cash than debt, €8.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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