santec Holdings (8AU) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of santec Holdings €129, price €125, upside +3.0%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
In Frankfurt, only 0 of the last 21 trading days (30 days) had any turnover. On the other days the price is an indicative quote without trading, so we do not list this stock in the radar. It stays reachable through search.
SHBroad dataSep 30, 2026
santec Holdings
8AU · F
Quality WatchlistQuality growthA strong company, but the current price is close to Fair Value.
Watch santec Holdings 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 freePro now: $1 first month
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 30, 2026.
How to read this chart
60‑month range €8.51 – €176.00 · fair‑value band €53.28 – €158.73 · the €125.00 price screens below the €128.70 fair value. Dashed = 300-day average. As of Sep 30, 2026.
Follow santec in your weekly email
Every Wednesday you see whether santec is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
santec Holdings Corporation develops, manufactures, and sells components and optical measuring instruments, and telecommunication systems.
Show more
santec Holdings Corporation develops, manufactures, and sells components and optical measuring instruments, and telecommunication systems. The company offers optical instruments, including tunable lasers, tunable filters, component testing, IL/RL meters, polarity testers, switches, optical power meters, attenuators, light sources, launch conditioning, inspection scopes, interferometers, and software; optical imaging and sensing products comprising precision wafer mappers, refined optical profilers, configurable OCT systems, lasers for swept-source OCT, and OEM components; and optical components that include spatial light modulators, spectral shaper power monitors, variable attenuators, optical filters, and optical submodules. It also provides quantum instruments, such as lasers, amplifiers, frequency conversions, electronics, and wavemeters, as well as medical devices comprising biometers. The company was formerly known as Santec Corporation and changed its name to santec Holdings Corporation in April 2023. santec Holdings Corporation was incorporated in 1979 and is headquartered in Komaki, Japan.
Stock analysis
santec Holdings (8AU) currently trades at €125.00, while our model-based Fair Value estimate is €128.70, so the stock looks roughly fairly valued today (gap 2.9%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of €167.42 per share, and 6 of the 26 models we run sit above the €125.00 price.
Bear case: the Dividend Discount group reads lowest at €15.47, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €53.28 (bear) to €158.73 (bull), the price of €125.00 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 77/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
santec Holdings reported revenue of ¥31.5B in FY2026 versus ¥8.9B in FY2022, a compound +37.2%/yr. Reported net income was ¥7.7B in FY2026, compounding +46.9%/yr from FY2022.
Key figures
Market cap €1.5B · P/E ratio 34.6 · P/S ratio 8.43 · EPS (TTM) €3.61 · Dividend yield 1.0% · Net margin 24.3% · Return on equity 36.0% · Return on assets (EBIT) 20.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 224% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at 3%, 8AU screens cheaper than that median.
Fair Value models
Bear €53.28Fair Value €128.70Bull €158.73
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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+31.1%
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.
+27.4%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+44.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+43.2%
Dividend (yield on the price)1.0%
Profit margin 2022 to 2026 ⓘ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.18% → 33%
2026 sits 99% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +23.6% a year for the price.
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.Scientific & Technical Instruments · 154 stocks
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). "santec Holdings Fair Value". https://www.fairvalue-calculator.com/stock/8AU
Frequently asked questions
Is santec Holdings (8AU) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of €128.70 versus a price of €125.00, about +3% upside (fairly valued).
What is the fair value of 8AU?
Our model-based fair value for santec Holdings is €128.70 (as of Sep 30, 2026), built from audited fundamentals. The current price: €125.00.
What is the quality score of 8AU?
santec Holdings has a Quality Score of 77/100. 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 santec Holdings (8AU)?
Our model-based price target is the fair value of €128.70 (as of Sep 30, 2026) from 26 valuation models. Cautious scenario €53.28, optimistic scenario €158.73. It is a calculation from audited fundamentals, not an analyst target.
What is the santec Holdings stock forecast for 2026?
Our models put fair value at €128.70, about +3% upside versus a price of €125.00 (fairly valued). Cautious scenario €53.28, optimistic scenario €158.73. The calculation is refreshed regularly with new filings.
What is the revenue of santec Holdings (8AU)?
santec Holdings reported trailing-twelve-month revenue of about ¥34.7B (latest available figure, as of Sep 30, 2026).
Does santec Holdings pay a dividend?
santec Holdings currently shows a dividend yield of about 1.04% relative to its recent price (as of Sep 30, 2026).
What growth is priced into santec Holdings (8AU)?
For today's price to be fair in a discounted-cash-flow model, santec Holdings would have to grow free cash flow by +26.2 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +37.2 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of 8AU use?
Our models discount santec Holdings at 11.4 %: a base by market capitalisation (small), damped by beta 1.15, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For santec Holdings that is +26.2 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has santec Holdings (8AU) delivered so far?
Over the past 4 years revenue at santec Holdings grew +37.2 % a year. The price currently implies +26.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of santec Holdings (8AU) growing?
The median revenue growth in the sector is +15.4 % a year. That is the yardstick for the growth priced into santec Holdings (+26.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of santec Holdings (8AU)?
The free-cash-flow yield on the price is 2.50 %: that much free cash flow santec Holdings produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of santec Holdings (8AU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For santec Holdings it is €128.70 per share (as of Sep 30, 2026), against a price of €125.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is santec Holdings stock overvalued or undervalued in 2026?
As of Sep 30, 2026, 8AU trades below its calculated fair value: price €125.00, fair value €128.70, a gap of about +3% (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 8AU?
No. The price is what the market pays today (€125.00); the fair value is what the company's own numbers justify (€128.70). For santec Holdings the two are €3.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is santec Holdings worth?
The market values santec Holdings at about €1.5B (market capitalisation, as of Sep 30, 2026). Per share that is €125.00; our models calculate a fair value of €128.70 per share.
What do the bullish and bearish scenarios say about 8AU?
Our models span a range for santec Holdings: cautious scenario €53.28, base €128.70, optimistic €158.73 per share (as of Sep 30, 2026, price €125.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8AU?
santec Holdings trades at a price-to-earnings ratio of 34.6 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €128.70 is built from several models across several years. Other multiples: P/B 9.2, P/S 7.4, EV/EBITDA 20.0.
How solid is the balance sheet of santec Holdings (8AU)?
Balance-sheet figures for santec Holdings (as of Sep 30, 2026): return on equity 36.0%, debt of 0.08 per unit of equity. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is 8AU from its 52-week high?
santec Holdings trades at €125.00, about 29% below its 52-week high of €176.00 and 224% above the low of €38.53 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of €128.70 is for.
Which stocks are comparable to santec Holdings?
From the same area (Technology) we also value Keysight Technologies, Inc, Coherent Corp, Garmin Ltd, Chroma ATE 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 santec Holdings stock attractive at the current price?
The data as of Sep 30, 2026: price €125.00, calculated fair value €128.70 (+3%), Quality Score 77/100, from 26 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 8AU calculated?
We run santec Holdings through 26 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 €128.70, 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. santec Holdings currently trades 3 % 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 santec Holdings (8AU)?
The closing price on Oct 1, 2026 was €125.00. Our model-based fair value is €128.70, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with santec Holdings right now?
The model range is unusually wide (€53.28 to €158.73). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of santec Holdings
How large is the market capitalisation of santec Holdings (8AU)?
The market capitalisation of santec Holdings is €1.5B. 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 santec Holdings (8AU)?
The price-to-sales ratio of santec Holdings is 8.43 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of santec Holdings (8AU)?
Earnings per share at santec Holdings are €3.61 (price ÷ EPS = P/E 34.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of santec Holdings (8AU)?
The dividend yield of santec Holdings is 1.0% (payout 36.0%). 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 santec Holdings (8AU)?
The net margin of santec Holdings is 24.3% (fiscal year 2026). 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 santec Holdings (8AU)?
The return on equity (ROE) of santec Holdings is 36.0% (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 santec Holdings (8AU)?
On an EBIT basis the return on assets of santec Holdings is 20.7% (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 santec Holdings (8AU)?
The operating margin of santec Holdings is 33.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at santec Holdings (8AU)?
Revenue at santec Holdings is growing +51.2% versus a year earlier (3y avg +27.4%). 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 santec Holdings (8AU)?
Earnings per share at santec Holdings are growing +96.0% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch santec Holdings in the live analysis
One click puts santec Holdings 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.
