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Nexity SA (0KB3) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Nexity SA €7.82, price €4.40, upside +77.7%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Industrials · GB · Home France · ISIN FR0010112524

NS Broad data Sep 24, 2026

Nexity SA

0KB3 · LSE

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value €7.82 · Strongly undervalued (+77.7%)
!Quality 42/100
!Mixed Growth (revenue 3y +9.7 %/yr)
!Loss over the last twelve months · -6.7% net margin (TTM) · fiscal year 2020 2.6%
!Moderate debt
!Narrow moat 7/100

What runs behind every stock

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

Price vs Fair Value

€36.44 €4.40 Fair Value €7.82 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range €4.40 – €36.44 · fair‑value band €5.87 – €9.78 · the €4.40 price screens below the €7.82 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Nexity SA, together with its subsidiaries, operates as a real estate company in Europe and internationally. It operates through Planning and Development, Services, and Other Activities divisions. The company develops new homes and building plots, as well as office buildings, business parks, logistics platforms, shops, and hotels.

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Nexity SA, together with its subsidiaries, operates as a real estate company in Europe and internationally. It operates through Planning and Development, Services, and Other Activities divisions. The company develops new homes and building plots, as well as office buildings, business parks, logistics platforms, shops, and hotels. It also provides property management and serviced properties for student residences and coworking spaces; and markets real estate products. In addition, the company is involved in the provision investment activities. It serves individuals, businesses, and local authorities. Nexity SA was founded in 1995 and is based in Saint-Ouen, France.

Stock analysis

Nexity SA (0KB3) currently trades at €4.40, while our model-based Fair Value estimate is €7.82, implying the stock looks roughly 43.7% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of €7.95 per share, and 16 of the 25 models we run sit above the €4.40 price.

Bear case: the Earnings-Based group reads lowest at €2.19, and 9 of the 25 models stay below the price. Evidence for this calculation is high.

Scenario range: €5.87 (bear) to €9.78 (bull), the price of €4.40 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 42/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Nexity SA reported revenue of €4.5B in FY2020 versus €3.0B in FY2016, a compound +11.0%/yr. Reported net income was €118M in FY2020, compounding −4.0%/yr from FY2016.

Key figures

Market cap €2.1B · P/S ratio 0.74 · Net margin 2.6% · Return on equity −10.5% · Return on assets (EBIT) 4.8% · Operating margin 1.0% · Revenue (TTM) €2.8B · Revenue growth (YoY) −13.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 59% 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 −50% fair-value upside, at 78%, 0KB3 screens cheaper than that median.

Fair Value models

Bear €5.87 Fair Value €7.82 Bull €9.78
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF €5.28 €9.29 €15.51 74
EPV €2.45 €3.03 €3.53 74
Growth DCF €5.30 €9.14 €14.98 73
All 25 models by family
DCF Models
FCF DCF €5.28 €9.29 €15.51 74
5Y Revenue Exit €4.43 €7.95 €12.53 68
5Y EBITDA Exit €6.53 €12.03 €18.66 70
5Y P/E Exit €3.37 €5.89 €8.58 67
10Y Revenue Exit €4.51 €7.82 €12.46 62
10Y EBITDA Exit €6.00 €10.65 €17.21 63
10Y P/E Exit €4.00 €6.38 €9.39 60
Earnings-Based
Graham-Dodd €1.70 €6.36 €8.60 61
Lynch FV €1.53 €2.19 €2.85 58
PEG = 1.0 €1.53 €2.19 €2.85 55
EPV €2.45 €3.03 €3.53 74
Dividend Discount
Gordon GGM €2.56 €5.11 €7.74 64
DDM Multi-Stage €2.56 €4.41 €5.39 64
Multiples
P/E Multiple €3.93 €5.24 €6.55 63
P/S Multiple €3.18 €4.24 €5.30 58
P/B Multiple €3.18 €4.24 €5.30 55
EV/EBIT €6.31 €8.82 €11.32 66
EV/EBITDA €8.12 €11.23 €14.33 67
EV/Revenue €4.17 €6.46 €8.76 53
Asset-Based
NCAV (Graham) €1.83 €2.45 €3.66 54
Growth DCF
Growth DCF €5.30 €9.14 €14.98 73
Rev-Margin DCF €4.43 €7.94 €12.19 68
Economic Profit
Residual Income €2.94 €3.09 €3.35 73
ROIC Compounder €2.45 €3.03 €3.53 69
Growth Earnings
Growth-Adj P/E €2.83 €4.04 €5.25 65

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Quality Score breakdown

Overall quality 42/100

Of which business quality 45 · Market factors (momentum, volatility) 18

Profitability 28
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)

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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. 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.4%
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.
+9.7%
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.
8.8% (2016) → 6.2% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

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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

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BRADYM BRADYM ₹656.50 ₹331.28 −50%
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Cite: Fair Value Calculator (2026). "Nexity SA Fair Value". https://www.fairvalue-calculator.com/stock/0KB3

Frequently asked questions

Is Nexity SA (0KB3) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €7.82 versus a price of €4.40, about +78% upside (undervalued).
What is the fair value of 0KB3?
Our model-based fair value for Nexity SA is €7.82 (as of Sep 24, 2026), built from audited fundamentals. The current price: €4.40.
What is the quality score of 0KB3?
Nexity SA has a Quality Score of 42/100. 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 Nexity SA (0KB3)?
Our model-based price target is the fair value of €7.82 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario €5.87, optimistic scenario €9.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Nexity SA stock forecast for 2026?
Our models put fair value at €7.82, about +78% upside versus a price of €4.40 (undervalued). Cautious scenario €5.87, optimistic scenario €9.78. The calculation is refreshed regularly with new filings.
What is the revenue of Nexity SA (0KB3)?
Nexity SA reported trailing-twelve-month revenue of about €2.8B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Nexity SA (0KB3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nexity SA it is €7.82 per share (as of Sep 24, 2026), against a price of €4.40. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Nexity SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0KB3 trades below its calculated fair value: price €4.40, fair value €7.82, a gap of about +78% (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 0KB3?
No. The price is what the market pays today (€4.40); the fair value is what the company's own numbers justify (€7.82). For Nexity SA the two are €3.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nexity SA worth?
The market values Nexity SA at about €2.1B (market capitalisation, as of Sep 24, 2026). Per share that is €4.40; our models calculate a fair value of €7.82 per share.
What do the bullish and bearish scenarios say about 0KB3?
Our models span a range for Nexity SA: cautious scenario €5.87, base €7.82, optimistic €9.78 per share (as of Sep 24, 2026, price €4.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0KB3 from its 52-week high?
Nexity SA trades at €4.40, about 59% below its 52-week high of €10.81 and at the low of €4.40 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €7.82 is for.
Which stocks are comparable to Nexity SA?
From the same area (Industrials) we also value BAJAJST, SEALMATIC, BIRLAPREC, Stovec Industries 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 Nexity SA stock attractive at the current price?
The data as of Sep 24, 2026: price €4.40, calculated fair value €7.82 (+78%), Quality Score 42/100, from 25 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 0KB3 calculated?
We run Nexity SA through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €7.82, 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 14.5 % above its aggregate fair value. Nexity SA currently trades 44 % 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 Nexity SA (0KB3)?
The closing price on Oct 2, 2026 was €4.40. Our model-based fair value is €7.82, about +78% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nexity SA right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€5.87). The market is more pessimistic than our downside scenario.

Key figures of Nexity SA

How large is the market capitalisation of Nexity SA (0KB3)?
The market capitalisation of Nexity SA is €2.1B. 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 Nexity SA (0KB3)?
The price-to-sales ratio of Nexity SA is 0.74 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Nexity SA (0KB3)?
The net margin of Nexity SA is 2.6% (fiscal year 2020). 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 Nexity SA (0KB3)?
The return on equity (ROE) of Nexity SA is −10.5% (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 Nexity SA (0KB3)?
On an EBIT basis the return on assets of Nexity SA is 4.8% (avg 4y). 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 Nexity SA (0KB3)?
The operating margin of Nexity SA is 1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nexity SA (0KB3)?
Revenue at Nexity SA is growing −13.3% versus a year earlier (3y avg +9.7%). 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 Nexity SA (0KB3)?
Earnings per share at Nexity SA are growing +375% versus a year earlier. How much earnings per share grew versus a year earlier.
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