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DEMIRE Deutsche Mittelstand Real Estate AG (0KG2) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of DEMIRE Deutsche Mittelstand Real Estate AG €0.13, price €0.32, upside -58.9%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · GB · Home Germany · ISIN DE000A0XFSF0

DD Some data Sep 24, 2026

DEMIRE Deutsche Mittelstand Real Estate AG

0KG2 · LSE

Weakest SetupStrongly overvalued and low quality.

!Fair value €0.1300 · Strongly overvalued (−58.9%)
!Quality 31/100
!Mixed Growth (revenue 3y +7.2 %/yr)
!Loss over the last twelve months · -84.3% net margin (TTM) · fiscal year 2020 7.8%
!Moderate debt
!Narrow moat 21/100
!Evidence only medium, so the estimate is less certain

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

€5.76 €0.2840 Fair Value €0.1300 Mar 2017 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 €0.2840 – €5.76 · fair‑value band €0.1000 – €0.1600 · the €0.3160 price screens above the €0.1300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany. It operates through Core Portfolio and Fair Value REIT segments. The company's property portfolio includes office, retail, hotel, and logistic properties.

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DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany. It operates through Core Portfolio and Fair Value REIT segments. The company's property portfolio includes office, retail, hotel, and logistic properties. It also engages in the real estate investment activities. The company was formerly known as MAGNAT Real Estate AG and changed its name to DEMIRE Deutsche Mittelstand Real Estate AG in June 2013. DEMIRE Deutsche Mittelstand Real Estate AG was founded in 2006 and is headquartered in Langen, Germany. DEMIRE Deutsche Mittelstand Real Estate AG is a subsidiary of AEPF III 15 S.à r.l.

Stock analysis

DEMIRE Deutsche Mittelstand Real Estate AG (0KG2) currently trades at €0.3160, while our model-based Fair Value estimate is €0.1300, 58.9% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of €0.3300 per share, and 1 of the 4 models we run sit above the €0.3160 price.

Bear case: the Multiples group reads lowest at €0.1300, and 3 of the 4 models stay below the price. Evidence for this calculation is medium.

Scenario range: €0.1000 (bear) to €0.1600 (bull), the price of €0.3160 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 31/100 (below-average quality), in the Real Estate sector.

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

DEMIRE Deutsche Mittelstand Real Estate AG reported revenue of €109M in FY2020 versus €92.1M in FY2016, a compound +4.3%/yr. Reported net income was €8.5M in FY2020, compounding −23.4%/yr from FY2016.

Key figures

Market cap €462M · P/E ratio 0.0 · EPS (TTM) €0.5390 · Net margin 7.8% · Return on equity −44.2% · Return on assets (EBIT) 5.5% · Operating margin 7.5% · Revenue (TTM) €97.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −59%, 0KG2 screens richer than that median.

Fair Value models

Bear €0.1000 Fair Value €0.1300 Bull €0.1600
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
Residual Income €0.3200 €0.2900 €0.2800 68
P/S Multiple €0.1000 €0.1300 €0.1600 58
P/B Multiple €0.1000 €0.1300 €0.1600 55
All 4 models by family
Multiples
P/S Multiple €0.1000 €0.1300 €0.1600 58
P/B Multiple €0.1000 €0.1300 €0.1600 55
Asset-Based
NCAV (Graham) €0.2500 €0.3300 €0.4900 54
Economic Profit
Residual Income €0.3200 €0.2900 €0.2800 68

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Quality Score breakdown

Overall quality 31/100

Of which business quality 35 · Market factors (momentum, volatility) 21

Profitability 18
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 4
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. 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.3%
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.
+7.2%
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.
90.3% (2016) → 5.9% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0KG2 screens overvalued: fair value 59% below the price. Compare with Vingroup Joint Stock Company →

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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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 232,000 VND 25,731 VND −89%
CBRE Group CBRE $134.55 $91.06 −32%
KE Holdings 2423 HK$42.92 HK$17.16 −60%
Swire Properties Limited 1972 HK$24.32 HK$13.39 −45%
Cellnex Telecom, S.A CLNX €23.99 €23.94 +0%
Vonovia SE VNA €16.82 €36.55 +117%
Jones Lang LaSalle Incorporated JLL $308.07 $540.65 +75%
Wharf Real Estate Investment Company 1997 HK$30.54 HK$27.42 −10%
CoStar Group CSGP $26.95 $6.19 −77%
China Resources Mixc Lifestyle Services Limited 1209 HK$37.00 HK$56.36 +52%

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DEMIRE Deutsche Mittelstand Real Estate AG · Fair Value
€0.1300 −59%Fair Value
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Cite: Fair Value Calculator (2026). "DEMIRE Deutsche Mittelstand Real Estate AG Fair Value". https://www.fairvalue-calculator.com/stock/0KG2

Frequently asked questions

Is DEMIRE Deutsche Mittelstand Real Estate AG (0KG2) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €0.1300 versus a price of €0.3160, about −59% upside (overvalued).
What is the fair value of 0KG2?
Our model-based fair value for DEMIRE Deutsche Mittelstand Real Estate AG is €0.1300 (as of Sep 24, 2026), built from audited fundamentals. The current price: €0.3160.
What is the quality score of 0KG2?
DEMIRE Deutsche Mittelstand Real Estate AG has a Quality Score of 31/100. 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 DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
Our model-based price target is the fair value of €0.1300 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario €0.1000, optimistic scenario €0.1600. It is a calculation from audited fundamentals, not an analyst target.
What is the DEMIRE Deutsche Mittelstand Real Estate AG stock forecast for 2026?
Our models put fair value at €0.1300, about −59% upside versus a price of €0.3160 (overvalued). Cautious scenario €0.1000, optimistic scenario €0.1600. The calculation is refreshed regularly with new filings.
What is the revenue of DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
DEMIRE Deutsche Mittelstand Real Estate AG reported trailing-twelve-month revenue of about €97.0M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DEMIRE Deutsche Mittelstand Real Estate AG it is €0.1300 per share (as of Sep 24, 2026), against a price of €0.3160. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is DEMIRE Deutsche Mittelstand Real Estate AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0KG2 trades above its calculated fair value: price €0.3160, fair value €0.1300, a gap of about −59% (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 0KG2?
No. The price is what the market pays today (€0.3160); the fair value is what the company's own numbers justify (€0.1300). For DEMIRE Deutsche Mittelstand Real Estate AG the two are €0.1860 per share apart. That gap is exactly why we show both numbers side by side.
How much is DEMIRE Deutsche Mittelstand Real Estate AG worth?
The market values DEMIRE Deutsche Mittelstand Real Estate AG at about €462M (market capitalisation, as of Sep 24, 2026). Per share that is €0.3160; our models calculate a fair value of €0.1300 per share.
What do the bullish and bearish scenarios say about 0KG2?
Our models span a range for DEMIRE Deutsche Mittelstand Real Estate AG: cautious scenario €0.1000, base €0.1300, optimistic €0.1600 per share (as of Sep 24, 2026, price €0.3160). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0KG2 from its 52-week high?
DEMIRE Deutsche Mittelstand Real Estate AG trades at €0.3160, about 55% below its 52-week high of €0.7000 and 11% above the low of €0.2840 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €0.1300 is for.
Which stocks are comparable to DEMIRE Deutsche Mittelstand Real Estate AG?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties 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 DEMIRE Deutsche Mittelstand Real Estate AG stock attractive at the current price?
The data as of Sep 24, 2026: price €0.3160, calculated fair value €0.1300 (−59%), Quality Score 31/100, from 4 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 0KG2 calculated?
We run DEMIRE Deutsche Mittelstand Real Estate AG through 4 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 €0.1300, 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. DEMIRE Deutsche Mittelstand Real Estate 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 DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
The closing price on Oct 2, 2026 was €0.3160. Our model-based fair value is €0.1300, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DEMIRE Deutsche Mittelstand Real Estate AG right now?
The price sits above even our optimistic bull case (€0.1600). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of DEMIRE Deutsche Mittelstand Real Estate AG

How large is the market capitalisation of DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
The market capitalisation of DEMIRE Deutsche Mittelstand Real Estate AG is €462M. 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/E ratio of DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
The price-to-earnings ratio of DEMIRE Deutsche Mittelstand Real Estate AG is 0.0 (as of Jul 25, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What are the earnings per share of DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
Earnings per share at DEMIRE Deutsche Mittelstand Real Estate AG are €0.5390 (price ÷ EPS = P/E 0.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
The net margin of DEMIRE Deutsche Mittelstand Real Estate AG is 7.8% (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 DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
The return on equity (ROE) of DEMIRE Deutsche Mittelstand Real Estate AG is −44.2% (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 DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
On an EBIT basis the return on assets of DEMIRE Deutsche Mittelstand Real Estate AG is 5.5% (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 DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
The operating margin of DEMIRE Deutsche Mittelstand Real Estate AG is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
Revenue at DEMIRE Deutsche Mittelstand Real Estate AG is growing +158% versus a year earlier (3y avg +7.2%). 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 DEMIRE Deutsche Mittelstand Real Estate AG (0KG2)?
Earnings per share at DEMIRE Deutsche Mittelstand Real Estate AG are growing +7.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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