freenet AG (0MV2) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of freenet AG €36.88, price €22.81, upside +61.7%, quality 61 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €14.56 – €34.26 · fair‑value band €27.53 – €51.73 · the €22.81 price screens below the €36.88 fair value. Dashed = 300-day average. As of Sep 24, 2026.
freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments.
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freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in marketing mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offering additional services for mobile data communications and digital lifestyle. This segment also provides network-independent services and tariffs; tariffs of the network operators; and freenet Internet, an app-based Internet product. The TV and Media segment is involved in the planning, project management, construction, operation, service, and marketing services for broadcast-related solutions for business clients in the broadcasting and media sectors; and the provision of services to end users in the field of DVB-T2 and IPTV. The Other/Holding segment offers portal services, such as e-commerce/advertising services; payment services; various digital products and entertainment formats for downloading and displaying, as well as use on mobile devices; communication development solutions, IT services, and other services; narrowband voice services; data services; and distribution services. The company was formerly known as telunico holding AG and changed its name to freenet AG in March 2005. freenet AG was incorporated in 2005 and is headquartered in Büdelsdorf, Germany.
Stock analysis
freenet AG (0MV2) currently trades at €22.81, while our model-based Fair Value estimate is €36.88, implying the stock looks roughly 38.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €63.97 per share, and 18 of the 23 models we run sit above the €22.81 price.
Bear case: the Asset-Based group reads lowest at €8.68, and 5 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: €27.53 (bear) to €51.73 (bull), the price of €22.81 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 61/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
freenet AG reported revenue of €2.6B in FY2020 versus €3.4B in FY2016, a compound −6.4%/yr. Reported net income was €566M in FY2020, compounding +25.5%/yr from FY2016.
Key figures
Market cap €3.2B · P/S ratio 1.22 · Dividend yield 9.1% · Net margin 22.0% · Return on equity 16.8% · Return on assets (EBIT) 6.1% · Operating margin 10.7% · Revenue (TTM) €2.6B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at 62%, 0MV2 screens cheaper than that median.
Fair Value models
Bear €27.53Fair Value €36.88Bull €51.73
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.55/100
Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
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.
8.3% (2016) → 10.2% (2020)
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). "freenet AG Fair Value". https://www.fairvalue-calculator.com/stock/0MV2
Frequently asked questions
Is freenet AG (0MV2) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €36.88 versus a price of €22.81, about +62% upside (undervalued).
What is the fair value of 0MV2?
Our model-based fair value for freenet AG is €36.88 (as of Sep 24, 2026), built from audited fundamentals. The current price: €22.81.
What is the quality score of 0MV2?
freenet AG has a Quality Score of 61/100. 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 freenet AG (0MV2)?
Our model-based price target is the fair value of €36.88 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario €27.53, optimistic scenario €51.73. It is a calculation from audited fundamentals, not an analyst target.
What is the freenet AG stock forecast for 2026?
Our models put fair value at €36.88, about +62% upside versus a price of €22.81 (undervalued). Cautious scenario €27.53, optimistic scenario €51.73. The calculation is refreshed regularly with new filings.
What is the revenue of freenet AG (0MV2)?
freenet AG reported trailing-twelve-month revenue of about €2.6B (latest available figure, as of Sep 24, 2026).
Does freenet AG pay a dividend?
freenet AG currently shows a dividend yield of about 9.07% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of freenet AG (0MV2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For freenet AG it is €36.88 per share (as of Sep 24, 2026), against a price of €22.81. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is freenet AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0MV2 trades below its calculated fair value: price €22.81, fair value €36.88, a gap of about +62% (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 0MV2?
No. The price is what the market pays today (€22.81); the fair value is what the company's own numbers justify (€36.88). For freenet AG the two are €14.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is freenet AG worth?
The market values freenet AG at about €3.2B (market capitalisation, as of Sep 24, 2026). Per share that is €22.81; our models calculate a fair value of €36.88 per share.
What do the bullish and bearish scenarios say about 0MV2?
Our models span a range for freenet AG: cautious scenario €27.53, base €36.88, optimistic €51.73 per share (as of Sep 24, 2026, price €22.81). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0MV2 from its 52-week high?
freenet AG trades at €22.81, about 27% below its 52-week high of €31.17 and 1% above the low of €22.50 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €36.88 is for.
Which stocks are comparable to freenet AG?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 freenet AG stock attractive at the current price?
The data as of Sep 24, 2026: price €22.81, calculated fair value €36.88 (+62%), Quality Score 61/100, from 23 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 0MV2 calculated?
We run freenet AG through 23 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 €36.88, 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. freenet 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 freenet AG (0MV2)?
The closing price on Oct 2, 2026 was €22.81. Our model-based fair value is €36.88, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with freenet AG right now?
The price is below even our cautious bear case (€27.53). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€27.53 to €51.73) leaves room in how you read the outcome.
Key figures of freenet AG
How large is the market capitalisation of freenet AG (0MV2)?
The market capitalisation of freenet AG is €3.2B. 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 freenet AG (0MV2)?
The price-to-sales ratio of freenet AG is 1.22 (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 freenet AG (0MV2)?
The dividend yield of freenet AG is 9.1%. 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 freenet AG (0MV2)?
The net margin of freenet AG is 22.0% (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 freenet AG (0MV2)?
The return on equity (ROE) of freenet AG is 16.8% (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 freenet AG (0MV2)?
On an EBIT basis the return on assets of freenet AG is 6.1% (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 freenet AG (0MV2)?
The operating margin of freenet AG is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at freenet AG (0MV2)?
Revenue at freenet AG is growing +25.9% versus a year earlier (3y avg −9.8%). 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 freenet AG (0MV2)?
Earnings per share at freenet AG are growing −17.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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