Voestalpine AG (0MKX) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Voestalpine AG €20.70, price €43.98, upside -52.9%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €15.50 – €48.07 · fair‑value band €15.45 – €20.70 · the €43.98 price screens above the €20.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Voestalpine AG processes, develops, manufactures, and sells steel and technology products in Austria, the European Union, and internationally. It operates through five divisions: Steel Division, High Performance Metals Division, Metal Engineering Division, Metal Forming Division, and Holding & Group Services.
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Voestalpine AG processes, develops, manufactures, and sells steel and technology products in Austria, the European Union, and internationally. It operates through five divisions: Steel Division, High Performance Metals Division, Metal Engineering Division, Metal Forming Division, and Holding & Group Services. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; heavy plates, and foundry products for the energy sector; and turbine casings. The High Performance Metals division offers special high-alloy tool and high-speed steel for the oil and natural gas, aerospace, and energy engineering industries; utilizing nickel-base and titanium alloys; tool manufacturing, component processing, heat treatment, and coating services; warehousing and preprocessing of special steels; and various services, including logistics, distribution, and processing for the oil and natural gas industries. The Metal Engineering division provides wire rods and drawn wires, seamless tubes for special applications, and welding consumables and machinery; rails and digital monitoring systems; and services related to rail infrastructure. The Metal Forming segment manufactures refined special sections, tubes, and precision strip steel products; pre-finished system components made from pressed, punched, and roll-profiled parts; and storage system solutions for manufacturers in the automotive production and supply industries, as well as various companies in the commercial vehicle, construction, storage, energy, and agricultural machinery industries. It serves automotive, energy, railway systems, construction, mechanical engineering, white goods/consumer goods, aerospace, and other industries. Voestalpine AG is headquartered in Linz, Austria.
Stock analysis
Voestalpine AG (0MKX) currently trades at €43.98, while our model-based Fair Value estimate is €20.70, 52.9% 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 €59.85 per share, and 7 of the 21 models we run sit above the €43.98 price.
Bear case: the Earnings-Based group reads lowest at €2.89, and 14 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: €15.45 (bear) to €20.70 (bull), the price of €43.98 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 Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Voestalpine AG reported revenue of €11.3B in FY2021 versus €11.3B in FY2017, a compound −0.1%/yr. Reported net income was €42.1M in FY2021, compounding −46.6%/yr from FY2017.
Key figures
Market cap €5.3B · P/S ratio 0.35 · Dividend yield 1.7% · Net margin 0.4% · Return on equity 5.6% · Return on assets (EBIT) 3.7% · Operating margin 5.6% · Revenue (TTM) €15.1B.
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 9% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −53%, 0MKX screens richer than that median.
Fair Value models
Bear €15.45Fair Value €20.70Bull €20.70
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.
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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−11.4%
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.
−4.4%
’17
’18
’19
’20
’21
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.
7.3% (2017) → 1.0% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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). "Voestalpine AG Fair Value". https://www.fairvalue-calculator.com/stock/0MKX
Frequently asked questions
Is Voestalpine AG (0MKX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €20.70 versus a price of €43.98, about −53% upside (overvalued).
What is the fair value of 0MKX?
Our model-based fair value for Voestalpine AG is €20.70 (as of Sep 23, 2026), built from audited fundamentals. The current price: €43.98.
What is the quality score of 0MKX?
Voestalpine AG 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 Voestalpine AG (0MKX)?
Our model-based price target is the fair value of €20.70 (as of Sep 23, 2026) from 21 valuation models. Cautious scenario €15.45, optimistic scenario €20.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Voestalpine AG stock forecast for 2026?
Our models put fair value at €20.70, about −53% upside versus a price of €43.98 (overvalued). Cautious scenario €15.45, optimistic scenario €20.70. The calculation is refreshed regularly with new filings.
What is the revenue of Voestalpine AG (0MKX)?
Voestalpine AG reported trailing-twelve-month revenue of about €15.1B (latest available figure, as of Sep 23, 2026).
Does Voestalpine AG pay a dividend?
Voestalpine AG currently shows a dividend yield of about 1.71% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Voestalpine AG (0MKX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Voestalpine AG it is €20.70 per share (as of Sep 23, 2026), against a price of €43.98. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Voestalpine AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0MKX trades above its calculated fair value: price €43.98, fair value €20.70, a gap of about −53% (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 0MKX?
No. The price is what the market pays today (€43.98); the fair value is what the company's own numbers justify (€20.70). For Voestalpine AG the two are €23.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is Voestalpine AG worth?
The market values Voestalpine AG at about €5.3B (market capitalisation, as of Sep 23, 2026). Per share that is €43.98; our models calculate a fair value of €20.70 per share.
What do the bullish and bearish scenarios say about 0MKX?
Our models span a range for Voestalpine AG: cautious scenario €15.45, base €20.70, optimistic €20.70 per share (as of Sep 23, 2026, price €43.98). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0MKX from its 52-week high?
Voestalpine AG trades at €43.98, about 9% below its 52-week high of €48.07 and 50% above the low of €29.40 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €20.70 is for.
Which stocks are comparable to Voestalpine AG?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Voestalpine AG stock attractive at the current price?
The data as of Sep 23, 2026: price €43.98, calculated fair value €20.70 (−53%), Quality Score 54/100, from 21 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 0MKX calculated?
We run Voestalpine AG through 21 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 €20.70, 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. Voestalpine 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 Voestalpine AG (0MKX)?
The closing price on Oct 2, 2026 was €43.98. Our model-based fair value is €20.70, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Voestalpine AG right now?
The price sits above even our optimistic bull case (€20.70). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Voestalpine AG
How large is the market capitalisation of Voestalpine AG (0MKX)?
The market capitalisation of Voestalpine AG is €5.3B. 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 Voestalpine AG (0MKX)?
The price-to-sales ratio of Voestalpine AG is 0.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Voestalpine AG (0MKX)?
The dividend yield of Voestalpine AG is 1.7%. 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 Voestalpine AG (0MKX)?
The net margin of Voestalpine AG is 0.4% (fiscal year 2021). 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 Voestalpine AG (0MKX)?
The return on equity (ROE) of Voestalpine AG is 5.6% (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 Voestalpine AG (0MKX)?
On an EBIT basis the return on assets of Voestalpine AG is 3.7% (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 Voestalpine AG (0MKX)?
The operating margin of Voestalpine AG is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Voestalpine AG (0MKX)?
Revenue at Voestalpine AG is growing −1.9% versus a year earlier (3y avg −4.4%). 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 Voestalpine AG (0MKX)?
Earnings per share at Voestalpine AG are growing +169% versus a year earlier. How much earnings per share grew versus a year earlier.
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