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123fahrschule SE (123F) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of 123fahrschule SE stock €2.01, price €2.20, that is 8.6% below the price, quality 33 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Consumer Defensive DE · ISIN DE000A2P4HL9

1S 123fahrschule SE logo Thin data Nov 10, 2026

123fahrschule SE

123F · XETRA
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value €2.01 · Fairly valued
Expensive Growth (revenue 5y +42.4 %/yr in EUR)
Moderate debt
Quality 33/100
Loss-making · -28.7% net margin (TTM)
Negative free cash flow
Trails peers (1/9)
Narrow moat 10/100 · thin data
Thin data
Estimate
Watch 123fahrschule SE for free: we tell you when fair value or trend changes. Watch for free

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

€13.70 €1.29 Fair Value €2.01 Nov 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range €1.29 – €13.70 · fair‑value band €1.51 – €2.52 · the €2.20 price screens above the €2.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

123fahrschule SE operates in the driving school industry in Germany. It offers professional, truck, bus, motorcycle, and car driving training services, as well as online theory and driving instruction services. The company was founded in 2016 and is based in Cologne, Germany.

Stock analysis

123fahrschule SE (123F) currently trades at €2.20, while our estimate is €2.01, so the stock looks roughly fairly valued today (gap 9.5%).

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: €1.51 (bear) to €2.52 (bull), the price of €2.20 sits inside 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 33/100 (below-average quality), in the Consumer Defensive sector.

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

123fahrschule SE reported revenue of €25.0M in FY2025 versus €7.8M in FY2021, a compound +34.0%/yr. Reported net income was −€6.5M in FY2025.

Key figures

Market cap €13.6M Micro · P/S ratio 0.54 · EPS (TTM) €−1.21 · Net margin −28.7% · Return on equity −103% · Return on assets (EBIT) −24.5% (5-year average) · Operating margin −13.4% · Revenue (TTM) €25.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 31% fair-value upside, at −9%, 123F screens richer than that median.

Fair Value

Bear €1.51 Fair Value €2.01 Bull €2.52
Price €2.20 · Downside -8.6%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 33/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 40
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 19
Debt, balance sheet and risk of trouble
Investment 85
Does it invest with discipline instead of growing at any price?
Low Volatility 51
How calm the share price moves, does not count
Price momentum 22
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 11
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.1%
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.
+14.5%
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.
+42.4%
Start year 2020 (pandemic)
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.
−66.9% (2020) → −25.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Education & Training Services · 116 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 33 · Bottom 25%
Fair Value upside −8.6% · Below median
Profitability
Return on assets −36.7% · Bottom 25%
Net margin (12 months) −28.7% · Bottom 25%
Operating margin (12 months) −13.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.6% · Below median
Balance sheet
Debt / equity 1.01× · Highest 25%

Valuation Multiplesvs Education & Training Services median · lower = cheaper

P/B 2.83× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 0.54× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)22 · sector 35
FUTURE (revenue growth)3 · sector 11
PAST (return on equity)0 · sector 19
HEALTH (low debt)50 · sector 95
DIVIDEND (yield)0 · sector 57

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 Education & Training Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Stride, Inc LRN $76.82 $171.72 +124% vs 123F
New Oriental Education & Technology Group 9901 HK$41.68 HK$64.53 +55% vs 123F
Perdoceo Education Corporation PRDO $28.87 $41.20 +43% vs 123F
Grand Canyon Education, Inc LOPE $116.50 $154.63 +33% vs 123F
Covista Inc CVSA $116.50 $152.79 +31% vs 123F
Laureate Education, Inc LAUR $34.96 $42.74 +22% vs 123F
East Buy Holding 1797 HK$29.14 HK$33.66 +16% vs 123F
Youdao, Inc DAO $19.83 $18.57 −6% vs 123F
McGraw Hill, Inc MH $10.76 $8.95 −17% vs 123F
Physicswallah Limited PWL ₹126.65 ₹31.71 −75% vs 123F

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123fahrschule SE: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "123fahrschule SE Fair Value". https://www.fairvalue-calculator.com/stock/123F

Frequently asked questions

Is 123fahrschule SE (123F) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €2.01 versus a price of €2.20, about 9% lower (fairly valued).
What is the fair value of 123F?
Our estimate for 123fahrschule SE is €2.01 (as of Nov 10, 2026), built from audited fundamentals. The current price: €2.20.
What is the quality score of 123F?
123fahrschule SE has a Quality Score of 33/100. 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 123fahrschule SE (123F)?
Our calculated price target is the estimate of €2.01 (as of Nov 10, 2026). Cautious scenario €1.51, optimistic scenario €2.52. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the 123fahrschule SE stock forecast for 2026?
Our estimate puts fair value at €2.01, about 9% lower versus a price of €2.20 (fairly valued). Cautious scenario €1.51, optimistic scenario €2.52. The calculation is refreshed regularly with new filings.
What is the revenue of 123fahrschule SE (123F)?
123fahrschule SE reported trailing-twelve-month revenue of about €25.1M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of 123fahrschule SE (123F)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 123fahrschule SE it is €2.01 per share (as of Nov 10, 2026), against a price of €2.20.
Is 123fahrschule SE stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 123F trades above its calculated fair value: price €2.20, fair value €2.01, a gap of about −9% (fairly valued). 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 123F?
No. The price is what the market pays today (€2.20); the fair value is what the company's own numbers justify (€2.01). For 123fahrschule SE the two are €0.1900 per share apart. That gap is exactly why we show both numbers side by side.
How much is 123fahrschule SE worth?
The market values 123fahrschule SE at about €13.6M (market capitalisation, as of Nov 10, 2026). Per share that is €2.20; our models calculate a fair value of €2.01 per share.
What do the bullish and bearish scenarios say about 123F?
Our models span a range for 123fahrschule SE: cautious scenario €1.51, base €2.01, optimistic €2.52 per share (as of Nov 10, 2026, price €2.20). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of 123fahrschule SE (123F)?
Balance-sheet figures for 123fahrschule SE (as of Nov 10, 2026): return on equity −103.3%, debt of 1.01 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 123F from its 52-week high?
123fahrschule SE trades at €2.20, about 34% below its 52-week high of €3.34 and 16% above the low of €1.90 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €2.01 is for.
Which stocks are comparable to 123fahrschule SE?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, Laureate Education, Inc, Covista Inc, Physicswallah 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 123fahrschule SE stock attractive at the current price?
The data as of Nov 10, 2026: price €2.20, calculated fair value €2.01 (−9%), Quality Score 33/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. 123fahrschule 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 123fahrschule SE (123F)?
The closing price on Nov 10, 2026 was €2.20. Our estimate is €2.01, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 123fahrschule SE right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of 123fahrschule SE

How large is the market capitalisation of 123fahrschule SE (123F)?
The market capitalisation of 123fahrschule SE is €13.6M. 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 123fahrschule SE (123F)?
The price-to-sales ratio of 123fahrschule SE is 0.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of 123fahrschule SE (123F)?
Earnings per share at 123fahrschule SE are €−1.21. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of 123fahrschule SE (123F)?
The net margin of 123fahrschule SE is −28.7% (last twelve months). 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 123fahrschule SE (123F)?
The return on equity (ROE) of 123fahrschule SE is −103% (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 123fahrschule SE (123F)?
On an EBIT basis the return on assets of 123fahrschule SE is −24.5% (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 123fahrschule SE (123F)?
The operating margin of 123fahrschule SE is −13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 123fahrschule SE (123F)?
Revenue at 123fahrschule SE is growing +0.6% versus a year earlier (3y avg +14.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does 123fahrschule SE (123F) generate?
The free cash flow of 123fahrschule SE is −€3.1M (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 123fahrschule SE (123F) carry?
The net debt of 123fahrschule SE is €5.6M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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