Shelly Group SE (SLYG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shelly Group SE stock €12.19, price €64.20, that is 81.0% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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
59‑month range €7.93 – €70.84 · fair‑value band €10.38 – €17.56 · the €64.20 price screens above the €12.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Shelly Group SE, together with its subsidiaries, engages in the acquisition, management, evaluation, and sale of interests in Bulgaria and internationally.
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It is also involved in the acquisition, management, and sale of bonds; acquisition, evaluation and sale of patents; assignment of licenses for the use of patents; financing of companies. The company was founded in 2010 and is headquartered in Sofia, Bulgaria.
Stock analysis
Shelly Group SE (SLYG) currently trades at €64.20, while our model-based Fair Value estimate is €12.19, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €49.83 per share, and 1 of the 13 models we run sit above the €64.20 price.
Bear case: the Dividend Discount group reads lowest at €2.07, and 12 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: €10.38 (bear) to €17.56 (bull), the price of €64.20 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 54/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shelly Group SE reported revenue of €149M in FY2025 versus €59.5M in FY2021, a compound +25.8%/yr. Reported net income was €25.0M in FY2025, compounding +12.0%/yr from FY2021.
Key figures
Market cap €1.2B Small · P/E ratio 38.7 · P/S ratio 6.93 · EPS (TTM) €1.66 · Dividend yield 0.2% · Net margin 18.5% · Return on equity 30.6% · Return on assets (EBIT) 23.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at −81%, SLYG screens richer than that median.
Fair Value models
Bear€10.38Fair Value €12.19Bull€17.56
Price €64.20 · Downside -81.0%
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 (€1.31 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
−28.5%
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.
+17.0%
’21
’22
’23
’24
’25
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.
+9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.3%
Dividend (yield on the price)0.2%
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.31% → 23%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+77.5%
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 +73.7% 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.Conglomerates · 304 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−81.0% · Bottom 25%
Profitability
Return on equity (12 months)30.6% · Top 25%
Return on assets9.5% · Top 25%
Net margin (12 months)18.5% · Top 25%
Operating margin (12 months)25.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)27.1% · Top 25%
Dividend yield (12 months)0.2% · Bottom 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)38.7× · Priciest 25%
P/B5.60× · Priciest 25%
P/S (12 months)6.93× · Priciest 25%
EV/EBITDA30.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 52
FUTURE (revenue growth)100· sector 38
PAST (return on equity)100· sector 29
HEALTH (low debt)100· sector 89
DIVIDEND (yield)4· sector 46
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). "Shelly Group SE Fair Value". https://www.fairvalue-calculator.com/stock/SLYG
Frequently asked questions
Is Shelly Group SE (SLYG) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €12.19 versus a price of €64.20, about 81% lower (overvalued).
What is the fair value of SLYG?
Our model-based fair value for Shelly Group SE is €12.19 (as of Nov 4, 2026), built from audited fundamentals. The current price: €64.20.
What is the quality score of SLYG?
Shelly Group SE has a Quality Score of 54/100. 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 Shelly Group SE (SLYG)?
Our model-based price target is the fair value of €12.19 (as of Nov 4, 2026) from 13 valuation models. Cautious scenario €10.38, optimistic scenario €17.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Shelly Group SE stock forecast for 2026?
Our models put fair value at €12.19, about 81% lower versus a price of €64.20 (overvalued). Cautious scenario €10.38, optimistic scenario €17.56. The calculation is refreshed regularly with new filings.
What is the revenue of Shelly Group SE (SLYG)?
Shelly Group SE reported trailing-twelve-month revenue of about €168M (latest available figure, as of Nov 4, 2026).
Does Shelly Group SE pay a dividend?
Shelly Group SE currently shows a dividend yield of 0.21% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Shelly Group SE (SLYG) and when is the ex-dividend date?
Shelly Group SE pays a dividend of €0.134 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Jul 10, 2026. The payout ratio is 8.1% of earnings. Free cash flow covers the dividend 0.94 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Shelly Group SE (SLYG)?
For today's price to be fair in a discounted-cash-flow model, Shelly Group SE would have to grow free cash flow by +77.5 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +25.8 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of SLYG use?
Our models discount Shelly Group SE at 9.6 %: a base by market capitalisation (small), damped by beta 0.13, 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 Shelly Group SE that is +77.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Shelly Group SE (SLYG) delivered so far?
Over the past 4 years revenue at Shelly Group SE grew +25.8 % a year. The price currently implies free-cash-flow growth of +77.5 % 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 Shelly Group SE (SLYG) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Shelly Group SE (+77.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shelly Group SE (SLYG)?
The free-cash-flow yield on the price is 0.20 %: that much free cash flow Shelly Group SE produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shelly Group SE (SLYG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shelly Group SE it is €12.19 per share (as of Nov 4, 2026), against a price of €64.20. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Shelly Group SE stock overvalued or undervalued in 2026?
As of Nov 4, 2026, SLYG trades above its calculated fair value: price €64.20, fair value €12.19, a gap of about −81% (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 SLYG?
No. The price is what the market pays today (€64.20); the fair value is what the company's own numbers justify (€12.19). For Shelly Group SE the two are €52.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shelly Group SE worth?
The market values Shelly Group SE at about €1.2B (market capitalisation, as of Nov 4, 2026). Per share that is €64.20; our models calculate a fair value of €12.19 per share.
What do the bullish and bearish scenarios say about SLYG?
Our models span a range for Shelly Group SE: cautious scenario €10.38, base €12.19, optimistic €17.56 per share (as of Nov 4, 2026, price €64.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SLYG?
Shelly Group SE trades at a price-to-earnings ratio of 38.7 (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 €12.19 is built from several models across several years. Other multiples: P/B 5.6, P/S 6.9, EV/EBITDA 30.3.
How solid is the balance sheet of Shelly Group SE (SLYG)?
Balance-sheet figures for Shelly Group SE (as of Nov 4, 2026): return on equity 30.6%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SLYG from its 52-week high?
Shelly Group SE trades at €64.20, about 9% below its 52-week high of €70.84 and 41% above the low of €45.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €12.19 is for.
Which stocks are comparable to Shelly Group SE?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 Shelly Group SE stock attractive at the current price?
The data as of Nov 4, 2026: price €64.20, calculated fair value €12.19 (−81%), Quality Score 54/100, from 13 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 SLYG calculated?
We run Shelly Group SE through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €12.19 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. Shelly Group SE 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 Shelly Group SE (SLYG)?
The closing price on Nov 6, 2026 was €64.20. Our model-based fair value is €12.19, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shelly Group SE right now?
The price sits above even our optimistic bull case (€17.56). The favourable scenario is already priced in. 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 but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Shelly Group SE
How large is the market capitalisation of Shelly Group SE (SLYG)?
The market capitalisation of Shelly Group SE is €1.2B. 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 Shelly Group SE (SLYG)?
The price-to-sales ratio of Shelly Group SE is 6.93 (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 Shelly Group SE (SLYG)?
Earnings per share at Shelly Group SE are €1.66 (price ÷ EPS = P/E 38.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shelly Group SE (SLYG)?
The dividend yield of Shelly Group SE is 0.2% (payout 8.1%). 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 Shelly Group SE (SLYG)?
The net margin of Shelly Group SE is 18.5% (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 Shelly Group SE (SLYG)?
The return on equity (ROE) of Shelly Group SE is 30.6% (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 Shelly Group SE (SLYG)?
On an EBIT basis the return on assets of Shelly Group SE is 23.7% (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 Shelly Group SE (SLYG)?
The operating margin of Shelly Group SE is 25.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shelly Group SE (SLYG)?
Revenue at Shelly Group SE is growing +27.1% versus a year earlier (3y avg +17.0%). 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 Shelly Group SE (SLYG)?
Earnings per share at Shelly Group SE are growing +78.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shelly Group SE (SLYG) hold?
Shelly Group SE holds more cash than debt, €9.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 4, 2026