Addiko Bank AG (ADKO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Addiko Bank AG €33.60, price €25.90, upside +29.7%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €10.10 – €29.00 · fair‑value band €25.20 – €42.00 · the €25.90 price screens below the €33.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Addiko Bank AG provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, Germany, and Serbia. It operates through Consumer, Small and Medium-Sized Enterprises (SME), Mortgage, Large Corporates, and Public Finance segments.
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Addiko Bank AG provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, Germany, and Serbia. It operates through Consumer, Small and Medium-Sized Enterprises (SME), Mortgage, Large Corporates, and Public Finance segments. The company offers online and direct deposits; consumer and public finance, mortgage loans relating to real estate purchase or leveraging private real estate as collateral, unsecured personal loan products and working capital loans, and trade finance products. It serves private individuals, SMEs, entrepreneurs, ministries of finance, state enterprises, local governments, and public institutions. Addiko Bank AG is headquartered in Vienna, Austria.
Stock analysis
Addiko Bank AG (ADKO) currently trades at €25.90, while our model-based Fair Value estimate is €33.60, implying the stock looks roughly 22.9% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of €33.54 per share, and 4 of the 6 models we run sit above the €25.90 price.
Bear case: the Dividend Discount group reads lowest at €13.54, and 2 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: €25.20 (bear) to €42.00 (bull), the price of €25.90 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 47/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Addiko Bank AG reported revenue of €323M in FY2025 versus €248M in FY2021, a compound +6.9%/yr. Reported net income was €44.0M in FY2025, compounding +34.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €500M · P/E ratio 11.4 · P/S ratio 1.55 · EPS (TTM) €2.28 · Dividend yield 4.7% · Net margin 13.6% · Return on equity 4.5% · Return on assets 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 30%, ADKO screens cheaper than that median.
Fair Value models
Bear €25.20Fair Value €33.60Bull €42.00
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 (€1.67 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.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.42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.5%
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.
+8.2%
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.
+5.2%
Start year 2020 (pandemic)
Revenue growth 8 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.
+3.9%
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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.
Price, fair value, quality and upside side by side.
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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.Banks - Regional · 1074 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+30% · Top 25%
Profitability
Return on equity (TTM)4% · Bottom 25%
Return on assets1% · Below median
Net margin (TTM)14% · Bottom 25%
Operating margin (TTM)19% · Bottom 25%
Growth and dividend
Revenue growth−6% · Bottom 25%
Dividend yield (TTM)4.7% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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). "Addiko Bank AG Fair Value". https://www.fairvalue-calculator.com/stock/ADKO
Frequently asked questions
Is Addiko Bank AG (ADKO) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €33.60 versus a price of €25.90, about +30% upside (undervalued).
What is the fair value of ADKO?
Our model-based fair value for Addiko Bank AG is €33.60 (as of Sep 23, 2026), built from audited fundamentals. The current price: €25.90.
What is the quality score of ADKO?
Addiko Bank AG has a Quality Score of 47/100. 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 Addiko Bank AG (ADKO)?
Our model-based price target is the fair value of €33.60 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario €25.20, optimistic scenario €42.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Addiko Bank AG stock forecast for 2026?
Our models put fair value at €33.60, about +30% upside versus a price of €25.90 (undervalued). Cautious scenario €25.20, optimistic scenario €42.00. The calculation is refreshed regularly with new filings.
What is the revenue of Addiko Bank AG (ADKO)?
Addiko Bank AG reported trailing-twelve-month revenue of about €273M (latest available figure, as of Sep 23, 2026).
Does Addiko Bank AG pay a dividend?
Addiko Bank AG currently shows a dividend yield of about 4.68% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Addiko Bank AG (ADKO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Addiko Bank AG it is €33.60 per share (as of Sep 23, 2026), against a price of €25.90. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Addiko Bank AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ADKO trades below its calculated fair value: price €25.90, fair value €33.60, a gap of about +30% (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 ADKO?
No. The price is what the market pays today (€25.90); the fair value is what the company's own numbers justify (€33.60). For Addiko Bank AG the two are €7.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Addiko Bank AG worth?
The market values Addiko Bank AG at about €500M (market capitalisation, as of Sep 23, 2026). Per share that is €25.90; our models calculate a fair value of €33.60 per share.
What do the bullish and bearish scenarios say about ADKO?
Our models span a range for Addiko Bank AG: cautious scenario €25.20, base €33.60, optimistic €42.00 per share (as of Sep 23, 2026, price €25.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ADKO?
Addiko Bank AG trades at a price-to-earnings ratio of 11.4 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €33.60 is built from several models across several years. Other multiples: P/B 0.6, P/S 2.1.
How solid is the balance sheet of Addiko Bank AG (ADKO)?
Balance-sheet figures for Addiko Bank AG (as of Sep 23, 2026): return on equity 4.5%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ADKO from its 52-week high?
Addiko Bank AG trades at €25.90, about 11% below its 52-week high of €29.00 and 26% above the low of €20.50 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €33.60 is for.
Which stocks are comparable to Addiko Bank AG?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank 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 Addiko Bank AG stock attractive at the current price?
The data as of Sep 23, 2026: price €25.90, calculated fair value €33.60 (+30%), Quality Score 47/100, from 6 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 ADKO calculated?
We run Addiko Bank AG through 6 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 €33.60, 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 14.1 % above its aggregate fair value. Addiko Bank AG currently trades 30 % 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 Addiko Bank AG (ADKO)?
The closing price on Sep 23, 2026 was €25.90. Our model-based fair value is €33.60, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Addiko Bank AG right now?
Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Addiko Bank AG
How large is the market capitalisation of Addiko Bank AG (ADKO)?
The market capitalisation of Addiko Bank AG is €500M. 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 Addiko Bank AG (ADKO)?
The price-to-sales ratio of Addiko Bank AG is 1.55 (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 Addiko Bank AG (ADKO)?
Earnings per share at Addiko Bank AG are €2.28 (price ÷ EPS = P/E 11.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Addiko Bank AG (ADKO)?
The dividend yield of Addiko Bank AG is 4.7% (payout 53.2%). 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 Addiko Bank AG (ADKO)?
The net margin of Addiko Bank AG is 13.6% (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 Addiko Bank AG (ADKO)?
The return on equity (ROE) of Addiko Bank AG is 4.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Addiko Bank AG (ADKO)?
The return on assets (ROA) of Addiko Bank AG is 0.6% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Addiko Bank AG (ADKO)?
The operating margin of Addiko Bank AG is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Addiko Bank AG (ADKO)?
Revenue at Addiko Bank AG is growing −5.6% versus a year earlier (3y avg +8.2%). 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 Addiko Bank AG (ADKO)?
Earnings per share at Addiko Bank AG are growing +12.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Addiko Bank AG (ADKO) generate?
The free cash flow of Addiko Bank AG is −€107M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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