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Takkt AG (TTK) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Takkt AG stock €3.42, price €2.12, upside +61.3%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials DE · ISIN DE0007446007

TA Takkt AG logo Thin data Nov 7, 2026

Takkt AG

TTK · XETRA
Undervalued, but in a downtrend

The stock costs 38% less than our calculation considers fair.

Fair value €3.42 · Strongly undervalued
Low debt
Generates free cash flow
Even on cautious assumptions the value is 14% above the price (€2.42).
Quality 50/100
Weak Growth (revenue 5y −2.0 %/yr in EUR)
Loss-making · -13.9% net margin (TTM)
Trails peers (4/12)
Narrow moat 12/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

€13.71 €2.12 Fair Value €3.42 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range €2.12 – €13.71 · fair‑value band €2.42 – €4.44 · the €2.12 price screens below the €3.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

TAKKT AG operates as an omnichannel direct marketing company for business equipment in Europe, Germany, the United States, North America, and internationally. It operates in three divisions: Industrial & Packaging, Office Furniture & Displays, and FoodService.

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The company offers pallet-lifting trucks, universal cabinets and swivel chairs, as well as special-purpose products, such as environmental cabinets and containers for hazardous materials; business equipment and office furniture, including desks, chairs, cabinets, and workbenches to small and medium-sized companies under the BiGDUG and OfficeFurnitureOnline brands; lockers; and collapsible boxes, package padding, shipping pallets, and stretch film under the ratioform and Davpack brands.

It also provides office furniture products comprising office chairs and desks, conference tables, and furniture for reception areas under the National Business Furniture and OfficeFurniture.com brands to companies and service providers, such as lawyers and architects, as well as public institutions like government agencies, schools, health care sector, and churches; and advertising banners, digital display stands, mobile trade booths, and fixtures under the Displays2go brand.

In addition, the company offers buffet equipment, such as serving platters and food baskets to operators of large cafeterias, food service businesses and food retailers; pots and pans; and large appliances, including refrigerators and freezers to hotels, restaurants, cafeterias, and catering companies under the Hubert and XXLhoreca brands.

It sells its products through webshop and print marketing, as well as outreach by key account managers and telesales. TAKKT AG was founded in 1945 and is headquartered in Stuttgart, Germany.

Stock analysis

Takkt AG (TTK) currently trades at €2.12, while our model-based Fair Value estimate is €3.42, implying the stock looks roughly 38% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of €3.70 per share, and 8 of the 9 models we run sit above the €2.12 price.

Bear case: the Multiples group reads lowest at €1.70, and 1 of the 9 models stay below the price. Data coverage for this calculation is low.

Scenario range: €2.42 (bear) to €4.44 (bull), the price of €2.12 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 50/100 (solid quality), in the Industrials sector.

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

Takkt AG reported revenue of €964M in FY2025 versus €1.2B in FY2021, a compound −4.9%/yr. Reported net income was −€120M in FY2025.

Key figures

Market cap €136M Micro · P/S ratio 0.17 · EPS (TTM) €−2.46 · Net margin −13.9% · Return on equity −30.7% · Return on assets (EBIT) 4.3% (5-year average) · Operating margin −0.8% · Revenue (TTM) €928M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 49% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 61%, TTK screens cheaper than that median.

Fair Value models

Bear €2.42 Fair Value €3.42 Bull €4.44
Price €2.12 · Upside +61.3%
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. 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
FCF DCF €2.75 €3.63 €5.21 81
Growth DCF €2.84 €3.68 €5.05 79
5Y EBITDA Exit €1.93 €2.78 €3.95 75
All 9 models by family
DCF Models
FCF DCF €2.75 €3.63 €5.21 81
5Y Revenue Exit €2.42 €3.62 €5.41 72
5Y EBITDA Exit €1.93 €2.78 €3.95 75
10Y Revenue Exit €2.48 €3.42 €4.44 68
10Y EBITDA Exit €2.28 €2.93 €3.63 70
Multiples
EV/EBITDA €0.2400 €1.01 €1.77 60
EV/Revenue €1.06 €2.39 €3.72 51
Growth DCF
Growth DCF €2.84 €3.68 €5.05 79
Rev-Margin DCF €2.42 €3.71 €5.36 72

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Quality Score breakdown

Overall quality 50/100

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

Profitability 26
How much profit the company makes from its sales and capital
Quality Growth 28
Are margins and returns getting better?
Cashflow 36
Do the profits arrive as real cash?
Financial strength 53
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 52
How calm the share price moves, does not count
Price momentum 19
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 84
Buys back shares or issues new ones?

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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. 18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.4%
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.
−10.3%
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.
−2.0%
Start year 2020 (pandemic). Over 10 years: −1.0% a year
Revenue growth 23 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.
+0.9%
Profit margin (trend) ⓘ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.
4.7% (2020) → −1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
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).
+0.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −1.3% a year for the price and −0.9% for the forecasts.
Forecast 2026 (sales)−3.3%
Forecast 2027 (sales)+2.6%
Projected 2028 (sales)+2.5%
Projected 2029 (sales)+2.5%
Projected 2030 (sales)+2.4%

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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.Business Equipment & Supplies · 77 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 50 · Below median
Fair Value upside +61.3% · Top 25%
Profitability
Return on assets −15.8% · Bottom 25%
Net margin (12 months) −13.9% · Bottom 25%
Operating margin (12 months) −0.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −5.0% · Below median
Dividend yield (12 months) 24.0% · Top 25%
Balance sheet
Debt / equity 0.17× · Above median

Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper

P/B 0.37× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 0.15× · Cheapest 25%
Price / free cash flow (fiscal year) 6.2× · Cheapest 25%
PEG 1.48× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 30
FUTURE (revenue growth)0 · sector 30
PAST (return on equity)0 · sector 29
HEALTH (low debt)92 · sector 98
DIVIDEND (yield)100 · sector 50

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shanghai M&G Stationery Inc 603899 ¥23.58 ¥37.37 +58% vs TTK
XGD Inc 300130 ¥17.68 ¥22.12 +25% vs TTK
GRG Banking Equipment Co 002152 ¥8.75 ¥9.65 +10% vs TTK
Shenzhen Comix Group 002301 ¥6.83 ¥6.31 −8% vs TTK
Crane NXT, Co CXT $57.57 $50.35 −13% vs TTK
LSI Industries Inc LYTS $17.20 $9.09 −47% vs TTK
DOMS Industries Limited DOMS ₹2,054 ₹782.96 −62% vs TTK
Shandong New Beiyang Information Technology Co 002376 ¥6.67 ¥1.79 −73% vs TTK
Hengbao Co 002104 ¥9.30 ¥2.32 −75% vs TTK
Shaanxi Fenghuo Electronics Co 000561 ¥7.18 ¥1.49 −79% vs TTK

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Takkt AG: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Takkt AG Fair Value". https://www.fairvalue-calculator.com/stock/TTK

Frequently asked questions

Is Takkt AG (TTK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of €3.42 versus a price of €2.12, about +61% upside (undervalued).
What is the fair value of TTK?
Our model-based fair value for Takkt AG is €3.42 (as of Nov 7, 2026), built from audited fundamentals. The current price: €2.12.
What is the quality score of TTK?
Takkt AG has a Quality Score of 50/100. 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 Takkt AG (TTK)?
Our model-based price target is the fair value of €3.42 (as of Nov 7, 2026) from 9 valuation models. Cautious scenario €2.42, optimistic scenario €4.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Takkt AG stock forecast for 2026?
Our models put fair value at €3.42, about +61% upside versus a price of €2.12 (undervalued). Cautious scenario €2.42, optimistic scenario €4.44. The calculation is refreshed regularly with new filings.
What is the revenue of Takkt AG (TTK)?
Takkt AG reported trailing-twelve-month revenue of about €928M (latest available figure, as of Nov 7, 2026).
What growth is priced into Takkt AG (TTK)?
For today's price to be fair in a discounted-cash-flow model, Takkt AG would have to grow free cash flow by +0.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of TTK use?
Our models discount Takkt AG at 11.6 %: a base by market capitalisation (micro), damped by beta 0.73, 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 Takkt AG that is +0.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Takkt AG (TTK) delivered so far?
Over the past 5 years revenue at Takkt AG grew -2.0 % a year. The price currently implies free-cash-flow growth of +0.9 % 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 Takkt AG (TTK) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Takkt AG (+0.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Takkt AG (TTK)?
The free-cash-flow yield on the price is 16.10 %: that much free cash flow Takkt AG produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Takkt AG (TTK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Takkt AG it is €3.42 per share (as of Nov 7, 2026), against a price of €2.12. It is the blended result of 9 valuation models in 3 families (DCF Models, Multiples, Growth DCF).
Is Takkt AG stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TTK trades below its calculated fair value: price €2.12, fair value €3.42, a gap of about +61% (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 TTK?
No. The price is what the market pays today (€2.12); the fair value is what the company's own numbers justify (€3.42). For Takkt AG the two are €1.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Takkt AG worth?
The market values Takkt AG at about €136M (market capitalisation, as of Nov 7, 2026). Per share that is €2.12; our models calculate a fair value of €3.42 per share.
What do the bullish and bearish scenarios say about TTK?
Our models span a range for Takkt AG: cautious scenario €2.42, base €3.42, optimistic €4.44 per share (as of Nov 7, 2026, price €2.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TTK?
The PEG ratio of Takkt AG is 1.48 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Takkt AG (TTK)?
Balance-sheet figures for Takkt AG (as of Nov 7, 2026): return on equity −30.7%, debt of 0.17 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is TTK from its 52-week high?
Takkt AG trades at €2.12, about 49% below its 52-week high of €4.13 and at the low of €2.12 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €3.42 is for.
Which stocks are comparable to Takkt AG?
From the same area (Industrials) we also value GRG Banking Equipment Co, Crane NXT, Co, Shanghai M&G Stationery Inc, XGD 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 Takkt AG stock attractive at the current price?
The data as of Nov 7, 2026: price €2.12, calculated fair value €3.42 (+61%), Quality Score 50/100, from 9 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 TTK calculated?
We run Takkt AG through 9 models from 3 families: DCF Models, Multiples, Growth DCF. Every model gets the same audited fundamentals; the fair value of €3.42 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. Takkt AG currently trades 38% 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 Takkt AG (TTK)?
The closing price on Nov 6, 2026 was €2.12. Our model-based fair value is €3.42, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Takkt AG right now?
The price is below even our cautious bear case (€2.42). The market is more pessimistic than our downside scenario. 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 quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€2.42 to €4.44) leaves room in how you read the outcome.

Key figures of Takkt AG

How large is the market capitalisation of Takkt AG (TTK)?
The market capitalisation of Takkt AG is €136M. 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 Takkt AG (TTK)?
The price-to-sales ratio of Takkt AG is 0.17 (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 Takkt AG (TTK)?
Earnings per share at Takkt AG are €−2.46. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Takkt AG (TTK)?
The net margin of Takkt AG is −13.9% (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 Takkt AG (TTK)?
The return on equity (ROE) of Takkt AG is −30.7% (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 Takkt AG (TTK)?
On an EBIT basis the return on assets of Takkt AG is 4.3% (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 Takkt AG (TTK)?
The operating margin of Takkt AG is −0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Takkt AG (TTK)?
Revenue at Takkt AG is growing −5.0% versus a year earlier (3y avg −10.3%). 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 Takkt AG (TTK)?
Earnings per share at Takkt AG are growing −83.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Takkt AG (TTK) carry?
The net debt of Takkt AG is €131M (fiscal year 2025, ≈ 6.0 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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