Klassik Radio AG (KA8) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Klassik Radio AG stock €5.11, price €3.52, upside +45.2%, quality 79 out of 100. Rating: undervalued. Calculated from audited financials with 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 3, 2026.
How to read this chart
60‑month range €2.70 – €4.85 · fair‑value band €3.27 – €6.82 · the €3.52 price screens below the €5.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Klassik Radio AG engages in radio broadcasting business in Germany. The company operates as a radio station that streams classical hits, film music, and new classics forms, as well as current news about business, stock exchange, media and culture, and other topics.
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It is also involved in radio advertising; digital online audio advertising; acquisition of advertising contracts; and online radio shop, as well as production and distribution of concerts, owned produced music, and book and audiobook. The company was founded in 1986 and is based in Augsburg, Germany.
Klassik Radio AG operates as a subsidiary of UK Media Invest GmbH.
Stock analysis
Klassik Radio AG (KA8) currently trades at €3.52, while our model-based Fair Value estimate is €5.11, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €8.54 per share, and 18 of the 26 models we run sit above the €3.52 price.
Bear case: the Dividend Discount group reads lowest at €2.86, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €3.27 (bear) to €6.82 (bull), the price of €3.52 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 79/100 (high quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Klassik Radio AG reported revenue of €21.6M in FY2025 versus €15.0M in FY2021, a compound +9.5%/yr. Reported net income was €2.2M in FY2025, compounding +12.2%/yr from FY2021.
Key figures
Market cap €17.0M Micro · P/E ratio 7.8 · P/S ratio 0.79 · EPS (TTM) €0.4500 · Dividend yield 4.8% · Net margin 10.0% · Return on equity 52.0% · Return on assets (EBIT) 8.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 6% fair-value upside, at 45%, KA8 screens cheaper than that median.
Fair Value models
Bear€3.27Fair Value €5.11Bull€6.82
Price €3.52 · Upside +45.2%
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 (€0.2401 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11.2%
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.
+7.7%
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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +7.7% a year
Revenue growth 21 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.
+8.9%
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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. Basis: EBIT basis.
≈ +32.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +27.7%
Dividend (yield on the price)4.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9.6% vs 5.7%, picking up
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.0% → 6%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.084 per share, median 0.27 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
⚠ Rate on operating basis: 2025 sits 267% above its own trend.
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).
+0.5%
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 −1.7% 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.Broadcasting · 62 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside+45.2% · Above median
Profitability
Return on equity (12 months)52.0% · Top 25%
Return on assets24.9% · Top 25%
Net margin (12 months)10.0% · Top 25%
Operating margin (12 months)17.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)12.8% · Top 25%
Dividend yield (12 months)4.8% · Above median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Broadcasting median · lower = cheaper
P/E (12 months)7.8× · Cheapest 25%
P/B3.50× · Priciest 25%
P/S (12 months)0.79× · Cheaper than median
Price / free cash flow (fiscal year)15.3× · Pricier than median
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). "Klassik Radio AG Fair Value". https://www.fairvalue-calculator.com/stock/KA8
Frequently asked questions
Is Klassik Radio AG (KA8) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €5.11 versus a price of €3.52, about +45% upside (undervalued).
What is the fair value of KA8?
Our model-based fair value for Klassik Radio AG is €5.11 (as of Nov 3, 2026), built from audited fundamentals. The current price: €3.52.
What is the quality score of KA8?
Klassik Radio AG has a Quality Score of 79/100. 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 Klassik Radio AG (KA8)?
Our model-based price target is the fair value of €5.11 (as of Nov 3, 2026) from 26 valuation models. Cautious scenario €3.27, optimistic scenario €6.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Klassik Radio AG stock forecast for 2026?
Our models put fair value at €5.11, about +45% upside versus a price of €3.52 (undervalued). Cautious scenario €3.27, optimistic scenario €6.82. The calculation is refreshed regularly with new filings.
What is the revenue of Klassik Radio AG (KA8)?
Klassik Radio AG reported trailing-twelve-month revenue of about €21.6M (latest available figure, as of Nov 3, 2026).
Does Klassik Radio AG pay a dividend?
Klassik Radio AG currently shows a dividend yield of 4.83% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Klassik Radio AG (KA8) and when is the ex-dividend date?
Klassik Radio AG pays a dividend of €0.17 per share a year, a dividend yield of 4.8%. The last ex-dividend date was Jun 19, 2026. A dividend has been paid every year since 2019. The payout ratio is 37.8% of earnings. Free cash flow covers the dividend 1.36 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Klassik Radio AG (KA8)?
For today's price to be fair in a discounted-cash-flow model, Klassik Radio AG would have to grow free cash flow by +0.5 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of KA8 use?
Our models discount Klassik Radio AG at 8.3 %: a base by market capitalisation (nano), damped by beta 0.08, country premium for Germany. 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 Klassik Radio AG that is +0.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Klassik Radio AG (KA8) delivered so far?
Over the past 5 years revenue at Klassik Radio AG grew +8.0 % a year. The price currently implies free-cash-flow growth of +0.5 % 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 Klassik Radio AG (KA8) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Klassik Radio AG (+0.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Klassik Radio AG (KA8)?
The free-cash-flow yield on the price is 6.55 %: that much free cash flow Klassik Radio AG produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Klassik Radio AG (KA8)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Klassik Radio AG it is €5.11 per share (as of Nov 3, 2026), against a price of €3.52. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Klassik Radio AG stock overvalued or undervalued in 2026?
As of Nov 3, 2026, KA8 trades below its calculated fair value: price €3.52, fair value €5.11, a gap of about +45% (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 KA8?
No. The price is what the market pays today (€3.52); the fair value is what the company's own numbers justify (€5.11). For Klassik Radio AG the two are €1.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Klassik Radio AG worth?
The market values Klassik Radio AG at about €17.0M (market capitalisation, as of Nov 3, 2026). Per share that is €3.52; our models calculate a fair value of €5.11 per share.
What do the bullish and bearish scenarios say about KA8?
Our models span a range for Klassik Radio AG: cautious scenario €3.27, base €5.11, optimistic €6.82 per share (as of Nov 3, 2026, price €3.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KA8?
Klassik Radio AG trades at a price-to-earnings ratio of 7.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €5.11 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 23.3. Other multiples: P/B 3.5, P/S 0.8, EV/EBITDA 7.0.
How solid is the balance sheet of Klassik Radio AG (KA8)?
Balance-sheet figures for Klassik Radio AG (as of Nov 3, 2026): return on equity 52.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is KA8 from its 52-week high?
Klassik Radio AG trades at €3.52, about 7% below its 52-week high of €3.80 and 30% above the low of €2.70 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €5.11 is for.
Which stocks are comparable to Klassik Radio AG?
From the same area (Communication Services) we also value Nexstar Media Group, Sun TV Network Limited, Jiangsu Broadcasting Cable Information Network Corporation, SES S.A, 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 Klassik Radio AG stock attractive at the current price?
The data as of Nov 3, 2026: price €3.52, calculated fair value €5.11 (+45%), Quality Score 79/100, from 26 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 KA8 calculated?
We run Klassik Radio AG through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €5.11 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. Klassik Radio AG currently trades 31% 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 Klassik Radio AG (KA8)?
The closing price on Nov 6, 2026 was €3.52. Our model-based fair value is €5.11, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Klassik Radio AG right now?
The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (€3.27 to €6.82) leaves room in how you read the outcome.
Key figures of Klassik Radio AG
How large is the market capitalisation of Klassik Radio AG (KA8)?
The market capitalisation of Klassik Radio AG is €17.0M. 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 Klassik Radio AG (KA8)?
The price-to-sales ratio of Klassik Radio AG is 0.79 (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 Klassik Radio AG (KA8)?
Earnings per share at Klassik Radio AG are €0.4500 (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Klassik Radio AG (KA8)?
The dividend yield of Klassik Radio AG is 4.8% (payout 37.8%). 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 Klassik Radio AG (KA8)?
The net margin of Klassik Radio AG is 10.0% (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 Klassik Radio AG (KA8)?
The return on equity (ROE) of Klassik Radio AG is 52.0% (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 Klassik Radio AG (KA8)?
On an EBIT basis the return on assets of Klassik Radio AG is 8.5% (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 Klassik Radio AG (KA8)?
The operating margin of Klassik Radio AG is 17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Klassik Radio AG (KA8)?
Revenue at Klassik Radio AG is growing +12.8% versus a year earlier (3y avg +7.7%). 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 Klassik Radio AG (KA8)?
Earnings per share at Klassik Radio AG are growing +107% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Klassik Radio AG (KA8) hold?
Klassik Radio AG holds more cash than debt, €895K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 3, 2026