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Daldrup & Söhne Aktiengesellschaft, (4DS) Fair Value & Analysis

Energy · DE · Market cap €144M

DS Daldrup & Söhne Aktiengesellschaft, 4DS · XETRA
Price€22.20
Fair Value€12.93
Upside-41.8%
Quality71/100
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Healthy Growth
Solidly profitable · 19.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 77/100
Evidence: High Range €9.54 – €18.61 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €7.06 to €12.93 (+83.1%) since Jul 11, 2026. Share price −9.0% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (€18.61). The favourable scenario is already priced in.
  • A fairly wide model range (€9.54 to €18.61) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€29.70 €3.76 Fair Value €12.93 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €3.76 – €29.70 · fair‑value band €9.54 – €18.61 · the €22.20 price screens above the €12.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Daldrup & Söhne Aktiengesellschaft, (4DS) currently trades at €22.20, while our model-based Fair Value estimate is €12.93, implying the stock looks roughly 41.8% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Daldrup & Söhne Aktiengesellschaft, generated revenue of €39.5M at a net margin of 6.6%. Revenue declined 57.3% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of €8.6M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €9.54 (bear case) to €18.61 (bull case); at €22.20, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 104% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -45% fair-value upside, at -42%, 4DS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF €8.77 €11.91 €15.86 80
Residual Income €6.79 €9.67 €47.13 76
Rev-Margin DCF €7.83 €11.35 €15.66 74
All 26 models by family
DCF Models
FCF DCF €8.83 €12.31 €16.98 38
Owner Earnings €7.57 €10.45 €14.30 31
5Y Revenue Exit €7.83 €11.33 €15.82 39
5Y EBITDA Exit €9.09 €13.78 €19.38 41
5Y P/E Exit €11.60 €18.70 €26.46 38
10Y Revenue Exit €8.03 €11.09 €15.32 36
10Y EBITDA Exit €8.86 €12.58 €17.74 37
10Y P/E Exit €10.26 €15.58 €22.55 35
Earnings-Based
Graham-Dodd €8.75 €33.58 €45.50 54
Lynch FV €8.19 €11.70 €15.22 50
PEG = 1.0 €8.19 €11.70 €15.22 46
EPV €11.66 €12.87 €13.85 59
Dividend Discount
Gordon GGM €1.05 €1.75 €2.27 70
DDM Multi-Stage €1.05 €1.66 €1.88 61
Multiples
P/E Multiple €13.51 €18.01 €22.51 63
P/S Multiple €6.19 €8.25 €10.32 58
P/B Multiple €6.85 €9.13 €11.42 55
EV/EBIT €13.34 €17.25 €21.17 53
EV/EBITDA €10.22 €13.09 €15.97 54
EV/Revenue €7.37 €9.84 €12.32 43
Asset-Based
NCAV (Graham) €2.54 €3.40 €5.07 50
Growth DCF
Growth DCF €8.77 €11.91 €15.86 80
Rev-Margin DCF €7.83 €11.35 €15.66 74
Economic Profit
Residual Income €6.79 €9.67 €47.13 76
ROIC Compounder €12.32 €14.37 €16.52 72
Growth Earnings
Growth-Adj P/E €11.86 €16.94 €22.02 68

Widest divergence: Growth Earnings (€16.94) versus Dividend Discount (€1.66). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €40.1M
Revenue growth (YoY) +2.0%
Net margin 19.3%
Return on equity 28.8%
Free cash flow €4.9M FY2025
P/E ratio 18.7
More key figures
Operating margin 20.5%
EPS (TTM) €1.29
EPS growth (YoY) +1,117%
Net cash €8.6M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 72 · Market factors (momentum, volatility) 59

Profitability 84
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Daldrup & Söhne Aktiengesellschaft, together with its subsidiaries, provides drilling and environmental services in Germany and Central Europe.

Full company description

Daldrup & Söhne Aktiengesellschaft, together with its subsidiaries, provides drilling and environmental services in Germany and Central Europe. It provides drilling services for near-surface geothermics, such as heat collectors and geothermal probes for heat or cooling; and drilling services for deep geothermal probes for heat recovery, as well as hydrothermal and petrothermal systems for electricity generation and heat recovery. The company also engages in the drilling of wells for the procurement of drinking, service, medicinal and mineral, boiler-feed, and cooling water, as well as thermal brine. In addition, it offers environment, development, and services, including hydraulic clean-up of contaminated sites; drilling of gas extraction wells for recovering waste dump gas; mobile environmental analysis; and groundwater quality measurement points and water cleansing plants, as well as the drawing of water samples. Further, the company explores deposits of fossil fuels, such as anthracite, and oil and gas; and mineral raw materials, including rock salt, copper, nickel, etc. Additionally, it explores and secures disused mining systems; and builds gas extraction wells for recovering of mine gas. Daldrup & Söhne Aktiengesellschaft was founded in 1946 and is headquartered in Grünwald, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Daldrup & Söhne Aktiengesellschaft, reported revenue of €41.2M in FY2025 versus €78.1M in FY2021, a compound −14.8%/yr. Reported net income was €7.7M in FY2025, compounding +77.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€41.2M
Avg. growth/yr (3Y) 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.
−11.5%
Avg. growth/yr (5Y) 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.
+16.9%
Avg. growth/yr (17Y) 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.
+3.9%
Revenue −14.8%/yr
FY21 €78.1M
FY22 €38.2M
FY23 €49.1M
FY24 €54.1M
FY25 €41.2M
Net income +77.0%/yr
FY21 €785K
FY22 €852K
FY23 €890K
FY24 €2.5M
FY25 €7.7M

4DS screens 42% overvalued. Compare with Noble Corporation →

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Cite: Fair Value Calculator (2026). "Daldrup & Söhne Aktiengesellschaft, Fair Value". https://www.fairvalue-calculator.com/stock/4DS

Peer Group

Oil & Gas Drilling · 31 stocks

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.

Quality Score 71 · Top 25%
Fair Value upside −42% · Above median
Return on equity (TTM) 29% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.11× · Lower than 75% of peers

Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 5.49× · Pricier than 75% of peers
P/S (TTM) 4.16× · Pricier than 75% of peers
P/FCF 33.7× · Pricier than 75% of peers
EV/EBITDA 14.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 10 · sector 2
PAST 100 · sector 17
HEALTH 94 · sector 84
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Noble Corporation NE $41.79 $23.09 -45%
Sinopec Oilfield Service Corporation 600871 ¥2.21 ¥0.4900 -78%
Transocean Ltd RIG $5.14 $2.16 -58%
Valaris Limited VAL $79.57 $63.09 -21%
Patterson-UTI Energy, Inc PTEN $9.39 $12.20 +30%
Helmerich & Payne, Inc HP $34.14 $9.25 -73%
Seadrill Limited SDRL $42.86 $10.17 -76%
Arabian Drilling Company 2381 80.70 SAR 11.09 SAR -86%
Nabors Industries Ltd NBR $84.72 $209.20 +147%
Borr Drilling Limited BORR kr 41.99 kr 27.75 -34%

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Frequently asked questions

Is Daldrup & Söhne Aktiengesellschaft, (4DS) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €12.93 versus a price of €22.20, about −42% (overvalued).
What is the fair value of 4DS?
Our model-based fair value for Daldrup & Söhne Aktiengesellschaft, is €12.93 (as of Jul 18, 2026), built from audited fundamentals. The current price is €22.20.
What is the quality score of 4DS?
Daldrup & Söhne Aktiengesellschaft, has a Quality Score of 71/100. 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 revenue of Daldrup & Söhne Aktiengesellschaft, (4DS)?
Daldrup & Söhne Aktiengesellschaft, reported trailing-twelve-month revenue of about €39.5M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 4DS?
The net profit margin of Daldrup & Söhne Aktiengesellschaft, is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Daldrup & Söhne Aktiengesellschaft, pay a dividend?
Daldrup & Söhne Aktiengesellschaft, currently shows a dividend yield of about 1.26% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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