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Admie Holding (ADMIE) Fair Value & Analysis

Utilities · GR · Market cap €967M

AH Admie Holding ADMIE · AT
Price€4.55
Fair Value€3.96
Upside-13.0%
Quality49/100
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Weak Growth
Highly profitable · 99.1% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (7/13)
Wide moat 67/100
Evidence: Medium Range €2.83 – €5.76 Share as image

Fair value as of: Jul 14, 2026

From 14 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from €7.20 to €3.96 (−45.0%) since Jun 24, 2026. Share price +0.7% over the past month.

Below-average quality, and screening another 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€2.83 to €5.76) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€4.90 €1.35 Fair Value €3.96 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €1.35 – €4.90 · fair‑value band €2.83 – €5.76 · the €4.55 price screens above the €3.96 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Admie Holding (ADMIE) currently trades at €4.55, while our model-based Fair Value estimate is €3.96, implying the stock looks roughly 13.0% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Utilities 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: medium).

Over the trailing twelve months, Admie Holding generated revenue of €63.7M at a net margin of 99.1%. Revenue declined 60.7% year over year. It earns a return on equity of 8.1%. Net debt stands at €1.4B. Fundamentals as of Jul 14, 2026

Our scenario range runs from €2.83 (bear case) to €5.76 (bull case); at €4.55, the current price sits within 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 near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -59% fair-value upside, at -13%, ADMIE 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 BearBaseBull Evidence
Highest evidence
Residual Income €5.07 €5.34 €5.73 76
ROIC Compounder €0.4000 72
Growth-Adj P/E €16.50 €23.57 €30.64 68
All 14 models by family
Earnings-Based
Graham-Dodd €3.66 €25.55 €35.86 54
Lynch FV €13.20 €18.86 €24.52 50
PEG = 1.0 €13.20 €18.86 €24.52 46
EPV €0.4000 59
Multiples
P/E Multiple €7.27 €9.70 €12.12 63
P/S Multiple €3.69 €4.92 €6.16 58
P/B Multiple €6.87 €9.16 €11.45 55
EV/EBIT €3.82 €6.72 €9.62 53
EV/EBITDA €4.94 €8.21 €11.49 54
EV/Revenue €0.0400 €1.52 43
Asset-Based
NCAV (Graham) €3.20 €4.29 €6.40 50
Economic Profit
Residual Income €5.07 €5.34 €5.73 76
ROIC Compounder €0.4000 72
Growth Earnings
Growth-Adj P/E €16.50 €23.57 €30.64 68

Widest divergence: Growth Earnings (€23.57) versus Asset-Based (€4.29). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €63.7M
Revenue growth (YoY) -60.7%
Net margin 99.1%
Return on equity 8.1%
Free cash flow −€402M FY2025
P/E ratio 7.7
More key figures
Operating margin 94.1%
EPS (TTM) €0.5400
EPS growth (YoY) -63.6%
Net debt €1.4B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 46 · Market factors (momentum, volatility) 88

Profitability 38
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 94
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 82
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

Admie Holding S.A. operates an electricity transmission system in Greece. The company was incorporated in 2017 and is headquartered in Athens, Greece. Admie Holding S.A. is a subsidiary of Public Holding Company IPTO S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Admie Holding reported revenue of €457M in FY2025 versus €539M in FY2021, a compound −4.1%/yr. Reported net income was €125M in FY2025, compounding +15.8%/yr from FY2021.

Growth Quality 13/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€457M
Latest YoY
−2.7%
Avg. growth/yr (3Y)
−17.2%
Avg. growth/yr (5Y)
−6.2%
Avg. growth/yr (10Y)
−11.0%
Revenue −4.1%/yr
FY21 €539M
FY22 €803M
FY23 €392M
FY24 €469M
FY25 €457M
Net income +15.8%/yr
FY21 €69.4M
FY22 €58.2M
FY23 €122M
FY24 €148M
FY25 €125M

ADMIE screens 13% overvalued. Compare with Constellation Energy Corporation →

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Cite: Fair Value Calculator (2026). "Admie Holding Fair Value". https://www.fairvalue-calculator.com/stock/ADMIE

Peer Group

Utilities - Independent Power Producers · 78 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 49 · Above median
Fair Value upside −13% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 99% · Top 25%
Operating margin (TTM) 94% · Top 25%
Revenue growth -61% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.92× · Higher than median

Valuation Multiples vs Utilities - Independent Power Producers median · lower = cheaper

P/E (TTM) 7.7× · Cheaper than 75% of peers
P/B 0.75× · Cheaper than median
P/S (TTM) 17.53× · Pricier than 75% of peers
EV/EBITDA 36.1× · 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 16 · sector 23
FUTURE 0 · sector 0
PAST 32 · sector 31
HEALTH 54 · sector 70
DIVIDEND 0 · sector 52

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

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

Similar stocks

10 more Utilities - Independent Power Producers stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Constellation Energy Corporation CEG $257.57 $89.08 -65%
Vistra Corp VST $158.86 $47.59 -70%
Adani Power Limited ADANIPOWER ₹218.45 ₹75.57 -65%
CGN Power Co 003816 ¥3.88 ¥3.13 -19%
NRG Energy, Inc NRG $137.90 $56.02 -59%
Gulf Development Public Company GULF 67.50 THB 40.44 THB -40%
Adani Energy Solutions Limited ADANIENSOL ₹1,730 ₹342.02 -80%
Talen Energy Corporation TLN $372.37 $44.67 -88%
Datang International Power Generation Co 601991 ¥5.80 ¥4.95 -15%
Power Assets Holdings 0006 HK$58.45 HK$31.90 -45%

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Frequently asked questions

Is Admie Holding (ADMIE) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €3.96 versus a price of €4.55, about −13% (overvalued).
What is the fair value of ADMIE?
Our model-based fair value for Admie Holding is €3.96 (as of Jul 14, 2026), built from audited fundamentals. The current price is €4.55.
What is the quality score of ADMIE?
Admie Holding has a Quality Score of 49/100. 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 Admie Holding (ADMIE)?
Admie Holding reported trailing-twelve-month revenue of about €63.7M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ADMIE?
The net profit margin of Admie Holding is about 99.1%, meaning it keeps roughly 99.1% of revenue as net income. Based on the latest reported figures.

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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