Binect AG (MA10) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Binect AG stock €1.04, price €1.86, that is 44.1% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 4, 2026.
How to read this chart
60‑month range €1.34 – €3.84 · fair‑value band €0.7800 – €1.30 · the €1.86 price screens above the €1.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 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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Binect AG, a management holding company, engages in digitization of document-based business communication in Germany. It develops and integrates digital modules and services for medium-sized companies, authorities, and other institutions.
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The company was founded in 2004 and is based in Weiterstadt, Germany.
Stock analysis
Binect AG (MA10) currently trades at €1.86, while our model-based Fair Value estimate is €1.04, 44% 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 €1.58 per share, and 2 of the 14 models we run sit above the €1.86 price.
Bear case: the Earnings-Based group reads lowest at €0.5600, and 12 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €0.7800 (bear) to €1.30 (bull), the price of €1.86 sits above 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 61/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Binect AG reported revenue of €22.2M in FY2025 versus €10.2M in FY2021, a compound +21.5%/yr. Reported net income was €120K in FY2025, compounding +4.7%/yr from FY2021.
Key figures
Market cap €6.0M Micro · P/E ratio 46.5 · P/S ratio 0.27 · EPS (TTM) €0.0400 · Net margin 0.5% · Return on equity 1.3% · Return on assets (EBIT) 1.6% (5-year average) · Operating margin 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −44%, MA10 screens richer than that median.
Fair Value models
Bear€0.7800Fair Value €1.04Bull€1.30
Price €1.86 · Downside -44.1%
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 (€0.0343 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.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.9%
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.
+21.0%
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.
+18.8%
Start year 2020 (pandemic). Over 10 years: +11.2% 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.
+30.6%
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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.
−17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.2%
Dividend (yield on the price)0.0%
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.5% → 0%
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.Software - Application · 628 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−44.1% · Below median
Profitability
Return on equity (12 months)1.3% · Below median
Return on assets0.9% · Below median
Net margin (12 months)0.5% · Below median
Operating margin (12 months)0.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.3% · Bottom 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)46.5× · Priciest 25%
P/B0.67× · Cheapest 25%
P/S (12 months)0.27× · Cheapest 25%
EV/EBITDA22.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)0· sector 41
PAST (return on equity)5· sector 20
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Binect AG Fair Value". https://www.fairvalue-calculator.com/stock/MA10
Frequently asked questions
Is Binect AG (MA10) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €1.04 versus a price of €1.86, about 44% lower (overvalued).
What is the fair value of MA10?
Our model-based fair value for Binect AG is €1.04 (as of Nov 4, 2026), built from audited fundamentals. The current price: €1.86.
What is the quality score of MA10?
Binect AG has a Quality Score of 61/100. 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 Binect AG (MA10)?
Our model-based price target is the fair value of €1.04 (as of Nov 4, 2026) from 14 valuation models. Cautious scenario €0.7800, optimistic scenario €1.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Binect AG stock forecast for 2026?
Our models put fair value at €1.04, about 44% lower versus a price of €1.86 (overvalued). Cautious scenario €0.7800, optimistic scenario €1.30. The calculation is refreshed regularly with new filings.
What is the revenue of Binect AG (MA10)?
Binect AG reported trailing-twelve-month revenue of about €22.4M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Binect AG (MA10)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Binect AG it is €1.04 per share (as of Nov 4, 2026), against a price of €1.86. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Binect AG stock overvalued or undervalued in 2026?
As of Nov 4, 2026, MA10 trades above its calculated fair value: price €1.86, fair value €1.04, a gap of about −44% (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 MA10?
No. The price is what the market pays today (€1.86); the fair value is what the company's own numbers justify (€1.04). For Binect AG the two are €0.8200 per share apart. That gap is exactly why we show both numbers side by side.
How much is Binect AG worth?
The market values Binect AG at about €6.0M (market capitalisation, as of Nov 4, 2026). Per share that is €1.86; our models calculate a fair value of €1.04 per share.
What do the bullish and bearish scenarios say about MA10?
Our models span a range for Binect AG: cautious scenario €0.7800, base €1.04, optimistic €1.30 per share (as of Nov 4, 2026, price €1.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MA10?
Binect AG trades at a price-to-earnings ratio of 46.5 (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 €1.04 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 56.1. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 22.5.
How solid is the balance sheet of Binect AG (MA10)?
Balance-sheet figures for Binect AG (as of Nov 4, 2026): return on equity 1.3%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is MA10 from its 52-week high?
Binect AG trades at €1.86, about 4% below its 52-week high of €1.93 and 39% above the low of €1.34 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €1.04 is for.
Which stocks are comparable to Binect AG?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Binect AG stock attractive at the current price?
The data as of Nov 4, 2026: price €1.86, calculated fair value €1.04 (−44%), Quality Score 61/100, from 14 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 MA10 calculated?
We run Binect AG through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €1.04 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. Binect AG 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 Binect AG (MA10)?
The closing price on Nov 6, 2026 was €1.86. Our model-based fair value is €1.04, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Binect AG right now?
The price sits above even our optimistic bull case (€1.30). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Binect AG
How large is the market capitalisation of Binect AG (MA10)?
The market capitalisation of Binect AG is €6.0M. 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 Binect AG (MA10)?
The price-to-sales ratio of Binect AG is 0.27 (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 Binect AG (MA10)?
Earnings per share at Binect AG are €0.0400 (price ÷ EPS = P/E 46.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Binect AG (MA10)?
The net margin of Binect AG is 0.5% (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 Binect AG (MA10)?
The return on equity (ROE) of Binect AG is 1.3% (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 Binect AG (MA10)?
On an EBIT basis the return on assets of Binect AG is 1.6% (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 Binect AG (MA10)?
The operating margin of Binect AG is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Binect AG (MA10)?
Revenue at Binect AG is growing −5.3% versus a year earlier (3y avg +21.0%). 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 Binect AG (MA10)?
Earnings per share at Binect AG are growing −23.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Binect AG (MA10) generate?
The free cash flow of Binect AG is −€50.7K (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 Binect AG (MA10) hold?
Binect AG holds more cash than debt, €1.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 4, 2026