EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

MLP SE (0NDP) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of MLP SE €4.69, price €10.18, upside -53.9%, quality 44 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
  3. Add to watchlist

Financial Services · GB · ISIN DE0006569908

MS Some data Sep 24, 2026

MLP SE

0NDP · LSE

Weakest SetupStrongly overvalued and low quality.

!Fair value €4.69 · Strongly overvalued (−53.9%)
!Quality 44/100
!Expensive Growth (revenue 5y +6.9 %/yr)
!Thin margins · 5.4% net margin (TTM)
!Low debt · negative free cash flow
!3.5% dividend yield · Watch coverage
!Narrow moat 42/100
!Evidence only medium, so the estimate is less certain
Watch MLP SE for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

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

€10.18 €3.77 Fair Value €4.69 Mar 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 €3.77 – €10.18 · fair‑value band €4.36 – €8.28 · the €10.18 price screens above the €4.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

MLP SE, together with its subsidiaries, provides financial services to private, corporate, and institutional clients in Germany. It operates through Financial Consulting, Banking, FERI, DOMCURA, Industrial Broker, and Deutschland.Immobilien segments.

Show more

MLP SE, together with its subsidiaries, provides financial services to private, corporate, and institutional clients in Germany. It operates through Financial Consulting, Banking, FERI, DOMCURA, Industrial Broker, and Deutschland.Immobilien segments. The Financial Consulting segment offers consulting services for academics and other clients related to insurance, investments, and occupational pension provision schemes; and health and non-life insurance, real estate brokerage, wealth management, and loans and mortgages, as well as the brokering of contracts in financial services. The Banking segment provides banking services, such as accounts, credit cards, loans, and wealth management solutions. This segment also offers securities custody, commission, investment consulting, and investment brokerage services. The FERI segment provides wealth and investment consulting to institutional investors and high net worth individuals. The DOMCURA segment operates as an underwriting agency that designs, develops, and implements coverage concepts in the field of non-life insurance products, as well as provides brokerage services. The Industrial Broker segment offers consulting services and insurances for industrial and commercial clients, as well as the brokerage of insurance policies. The Deutschland.Immobilien segment engages in the brokering of real estate properties; and development and sale of real estate projects. The company was formerly known as MLP AG and changed its name to MLP SE in September 2017. MLP SE was founded in 1971 and is headquartered in Wiesloch, Germany.

Stock analysis

MLP SE (0NDP) currently trades at €10.18, while our model-based Fair Value estimate is €4.69, 53.9% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Earnings-Based group reads highest at a median of €17.83 per share, and 3 of the 9 models we run sit above the €10.18 price.

Bear case: the Asset-Based group reads lowest at €3.59, and 6 of the 9 models stay below the price. Evidence for this calculation is medium.

Scenario range: €4.36 (bear) to €8.28 (bull), the price of €10.18 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 44/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

MLP SE reported revenue of €1.0B in FY2025 versus €907M in FY2021, a compound +3.6%/yr. Reported net income was €55.7M in FY2025, compounding −2.9%/yr from FY2021.

Key figures

Market cap €1.1B · P/E ratio 0.1 · EPS (TTM) €0.6460 · Dividend yield 3.5% · Net margin 5.3% · Return on equity 9.5% · Return on assets (EBIT) 2.9% · Operating margin 14.6%.

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 at its 52-week high and 72% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −54%, 0NDP screens richer than that median.

Fair Value models

Bear €4.36 Fair Value €4.69 Bull €8.28
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.2163 per share) are deliberately not added. 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 €4.42 €4.77 €5.34 74
Owner Earnings €7.28 €15.39 €30.44 69
Gordon GGM €2.79 €5.04 €6.93 66
All 9 models by family
DCF Models
Owner Earnings €7.28 €15.39 €30.44 69
Earnings-Based
Graham-Dodd €3.46 €24.16 €33.90 61
Lynch FV €12.48 €17.83 €23.18 59
Dividend Discount
Gordon GGM €2.79 €5.04 €6.93 66
DDM Multi-Stage €2.79 €4.60 €5.38 65
Multiples
P/E Multiple €4.97 €6.62 €8.28 63
P/B Multiple €5.62 €7.50 €9.37 55
Asset-Based
NCAV (Graham) €2.68 €3.59 €5.36 54
Economic Profit
Residual Income €4.42 €4.77 €5.34 74

Open the full fair value analysis →

Notify me when 0NDP reaches fair value

Put 0NDP on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 44/100

Of which business quality 33 · Market factors (momentum, volatility) 82

Profitability 23
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

Open the full quality analysis →

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. 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.9%
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.
+4.6%
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.
+6.9%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 19 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.
+3.1%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.2%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.2% vs 10.8%, slowing
Profit margin 2020 to 2025 ⓘ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.6% → 7%
Start year 2020 (pandemic)

0NDP screens overvalued: fair value 54% below the price. Compare with Blackstone Inc →

Compare MLP SE with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Asset Management · 647 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside −5.1% · Below median
Profitability
Return on equity (TTM) 9.5% · Above median
Return on assets 1.7% · Below median
Net margin (TTM) 5.4% · Below median
Operating margin (TTM) 14.6% · Below median
Growth and dividend
Revenue growth 4.3% · Below median
Dividend yield (TTM) 3.5% · Below median
Balance sheet
Debt / equity 0.19× · Above median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (TTM) 0.1× · Cheapest 25%

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 Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $112.09 $52.29 −53%
KKR & Co KKR $93.18 $29.26 −69%
Brookfield Corporation BN $36.87 $13.45 −64%
Apollo Global Management, Inc APO $116.06 $197.23 +70%
State Street Corporation STT $177.78 $139.37 −22%
Ameriprise Financial, Inc AMP $494.82 $595.40 +20%
Ares Management Corporation ARES $122.01 $103.68 −15%
Northern Trust Corporation NTRS $175.73 $123.42 −30%
Raymond James Financial, Inc RJF $161.16 $317.27 +97%
Exor N.V EXO €68.10 €136.20 +100%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

MLP SE · Fair Value
€4.69 −54%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "MLP SE Fair Value". https://www.fairvalue-calculator.com/stock/0NDP

Frequently asked questions

Is MLP SE (0NDP) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €4.69 versus a price of €10.18, about −54% upside (overvalued).
What is the fair value of 0NDP?
Our model-based fair value for MLP SE is €4.69 (as of Sep 24, 2026), built from audited fundamentals. The current price: €10.18.
What is the quality score of 0NDP?
MLP SE has a Quality Score of 44/100. 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 MLP SE (0NDP)?
Our model-based price target is the fair value of €4.69 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario €4.36, optimistic scenario €8.28. It is a calculation from audited fundamentals, not an analyst target.
What is the MLP SE stock forecast for 2026?
Our models put fair value at €4.69, about −54% upside versus a price of €10.18 (overvalued). Cautious scenario €4.36, optimistic scenario €8.28. The calculation is refreshed regularly with new filings.
What is the revenue of MLP SE (0NDP)?
MLP SE reported trailing-twelve-month revenue of about €1.1B (latest available figure, as of Sep 24, 2026).
Does MLP SE pay a dividend?
MLP SE currently shows a dividend yield of about 3.54% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of MLP SE (0NDP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MLP SE it is €4.69 per share (as of Sep 24, 2026), against a price of €10.18. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is MLP SE stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0NDP trades above its calculated fair value: price €10.18, fair value €4.69, a gap of about −54% (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 0NDP?
No. The price is what the market pays today (€10.18); the fair value is what the company's own numbers justify (€4.69). For MLP SE the two are €5.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is MLP SE worth?
The market values MLP SE at about €1.1B (market capitalisation, as of Sep 24, 2026). Per share that is €10.18; our models calculate a fair value of €4.69 per share.
What do the bullish and bearish scenarios say about 0NDP?
Our models span a range for MLP SE: cautious scenario €4.36, base €4.69, optimistic €8.28 per share (as of Sep 24, 2026, price €10.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0NDP?
MLP SE trades at a price-to-earnings ratio of 0.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.69 is built from several models across several years.
How solid is the balance sheet of MLP SE (0NDP)?
Balance-sheet figures for MLP SE (as of Sep 24, 2026): return on equity 9.5%, debt of 0.19 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 0NDP from its 52-week high?
MLP SE trades at €10.18, at its 52-week high of €10.18 and 72% above the low of €5.93 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €4.69 is for.
Which stocks are comparable to MLP SE?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 MLP SE stock attractive at the current price?
The data as of Sep 24, 2026: price €10.18, calculated fair value €4.69 (−54%), Quality Score 44/100, 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 0NDP calculated?
We run MLP SE through 9 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 €4.69, 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. MLP SE 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 MLP SE (0NDP)?
The closing price on Oct 2, 2026 was €10.18. Our model-based fair value is €4.69, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MLP SE right now?
The price sits above even our optimistic bull case (€8.28). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€4.36 to €8.28) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of MLP SE (0NDP) come from?
Earnings per share at MLP SE grew +11.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.0 %, EBIT margin +11.7 %, tax rate −1.2 %, residual (interest, one-offs) −5.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of MLP SE

How large is the market capitalisation of MLP SE (0NDP)?
The market capitalisation of MLP SE is €1.1B. 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 are the earnings per share of MLP SE (0NDP)?
Earnings per share at MLP SE are €0.6460 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MLP SE (0NDP)?
The dividend yield of MLP SE is 3.5% (payout 55.7%). 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 MLP SE (0NDP)?
The net margin of MLP SE is 5.3% (fiscal year 2025). 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 MLP SE (0NDP)?
The return on equity (ROE) of MLP SE is 9.5% (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 MLP SE (0NDP)?
On an EBIT basis the return on assets of MLP SE is 2.9% (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 MLP SE (0NDP)?
The operating margin of MLP SE is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MLP SE (0NDP)?
Revenue at MLP SE is growing +4.3% versus a year earlier (3y avg +4.6%). 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 MLP SE (0NDP)?
Earnings per share at MLP SE are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MLP SE (0NDP) generate?
The free cash flow of MLP SE is −€12.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MLP SE (0NDP) carry?
The net debt of MLP SE is €3.2B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch MLP SE in the live analysis

One click puts MLP SE on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.