Agat Ejendomme A/S (AGAT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Agat Ejendomme A/S DKK 0.12, price DKK 0.87, upside -86.2%, quality 58 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 24, 2026.
How to read this chart
60‑month range kr 0.7550 – kr 2.17 · fair‑value band kr 0.0900 – kr 0.1400 · the kr 0.8700 price screens above the kr 0.1200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Agat Ejendomme A/S owns and operates retail properties in Denmark, Baltic States, Poland, and the Czech Republic. Its property portfolio includes shopping and outlet centers in the Czech Republic. The company was formerly known as TK Development A/S and changed its name to Agat Ejendomme A/S in April 2019.
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Agat Ejendomme A/S owns and operates retail properties in Denmark, Baltic States, Poland, and the Czech Republic. Its property portfolio includes shopping and outlet centers in the Czech Republic. The company was formerly known as TK Development A/S and changed its name to Agat Ejendomme A/S in April 2019. Agat Ejendomme A/S was founded in 1960 and is based in Aalborg, Denmark.
Stock analysis
Agat Ejendomme A/S (AGAT) currently trades at kr 0.8700, while our model-based Fair Value estimate is kr 0.1200, implying the stock looks roughly 625.2% overvalued today.
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Valuation
How firm this estimate is: it rests on 21 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: kr 0.0900 (bear) to kr 0.1400 (bull), the price of kr 0.8700 sits above 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 58/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Agat Ejendomme A/S reported revenue of 72.2M DKK in FY2026 versus 135M DKK in FY2022, a compound −14.4%/yr. Reported net income was 800K DKK in FY2026, compounding −34.3%/yr from FY2022.
Key figures
Market cap 133M DKK (≈ $20.3M) · P/S ratio 1.85 · Net margin 1.1% · Return on equity 0.2% · Return on assets (EBIT) −1.3% · Operating margin 25.0% · Revenue (TTM) 72.1M DKK · Revenue growth (YoY) −0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −86%, AGAT screens richer than that median.
Fair Value models
Bear kr 0.0900Fair Value kr 0.1200Bull kr 0.1400
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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.6%
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.
−26.0%
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.
−14.9%
Start year 2021 (pandemic). Over 10 years: −14.0% a year
Revenue growth 24 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.
−14.4%
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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.
−28.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−29% vs −21%, slowing
Profit margin 2021 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.−75% → 19%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 19.6%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+32.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +29.7% a year for the price.
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.Real Estate Services · 547 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−86% · Bottom 25%
Profitability
Return on equity (TTM)0% · Below median
Return on assets1% · Below median
Net margin (TTM)1% · Below median
Operating margin (TTM)25% · Above median
Growth and dividend
Revenue growth−1% · Below median
Balance sheet
Debt / equity1.68× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B0.08× · Cheapest 25%
P/S (TTM)0.28× · Cheapest 25%
P/FCF3.2× · Pricier than median
EV/EBITDA26.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)0· sector 12
PAST (return on equity)1· sector 16
HEALTH (low debt)16· sector 83
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
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.
Is Agat Ejendomme A/S (AGAT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 0.1200 versus a price of kr 0.8700, about −86% upside (overvalued).
What is the fair value of AGAT?
Our model-based fair value for Agat Ejendomme A/S is kr 0.1200 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 0.8700.
What is the quality score of AGAT?
Agat Ejendomme A/S has a Quality Score of 58/100. 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 Agat Ejendomme A/S (AGAT)?
Our model-based price target is the fair value of kr 0.1200 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario kr 0.0900, optimistic scenario kr 0.1400. It is a calculation from audited fundamentals, not an analyst target.
What is the Agat Ejendomme A/S stock forecast for 2026?
Our models put fair value at kr 0.1200, about −86% upside versus a price of kr 0.8700 (overvalued). Cautious scenario kr 0.0900, optimistic scenario kr 0.1400. The calculation is refreshed regularly with new filings.
What is the revenue of Agat Ejendomme A/S (AGAT)?
Agat Ejendomme A/S reported trailing-twelve-month revenue of about 72.1M DKK (latest available figure, as of Sep 24, 2026).
What growth is priced into Agat Ejendomme A/S (AGAT)?
For today's price to be fair in a discounted-cash-flow model, Agat Ejendomme A/S would have to grow free cash flow by +32.4 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -14.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AGAT use?
Our models discount Agat Ejendomme A/S at 8.3 %: a base by market capitalisation (nano), damped by beta 0.04, country premium for Denmark. 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 Agat Ejendomme A/S that is +32.4 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Agat Ejendomme A/S (AGAT) delivered so far?
Over the past 5 years revenue at Agat Ejendomme A/S grew -14.9 % a year. The price currently implies +32.4 % 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 Agat Ejendomme A/S (AGAT) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Agat Ejendomme A/S (+32.4 % 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 Agat Ejendomme A/S (AGAT)?
The free-cash-flow yield on the price is 6.25 %: that much free cash flow Agat Ejendomme A/S produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Agat Ejendomme A/S (AGAT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Agat Ejendomme A/S it is kr 0.1200 per share (as of Sep 24, 2026), against a price of kr 0.8700. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Agat Ejendomme A/S stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AGAT trades above its calculated fair value: price kr 0.8700, fair value kr 0.1200, a gap of about −86% (overvalued). 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 AGAT?
No. The price is what the market pays today (kr 0.8700); the fair value is what the company's own numbers justify (kr 0.1200). For Agat Ejendomme A/S the two are kr 0.7500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Agat Ejendomme A/S worth?
The market values Agat Ejendomme A/S at about 133M DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 0.8700; our models calculate a fair value of kr 0.1200 per share.
What do the bullish and bearish scenarios say about AGAT?
Our models span a range for Agat Ejendomme A/S: cautious scenario kr 0.0900, base kr 0.1200, optimistic kr 0.1400 per share (as of Sep 24, 2026, price kr 0.8700). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Agat Ejendomme A/S (AGAT)?
Balance-sheet figures for Agat Ejendomme A/S (as of Sep 24, 2026): return on equity 0.2%, debt of 1.68 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is AGAT from its 52-week high?
Agat Ejendomme A/S trades at kr 0.8700, about 22% below its 52-week high of kr 1.12 and 15% above the low of kr 0.7550 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.1200 is for.
Which stocks are comparable to Agat Ejendomme A/S?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Agat Ejendomme A/S stock attractive at the current price?
The data as of Sep 24, 2026: price kr 0.8700, calculated fair value kr 0.1200 (−86%), Quality Score 58/100, from 4 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 AGAT calculated?
We run Agat Ejendomme A/S through 4 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 kr 0.1200, 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 13.0 % above its aggregate fair value. Agat Ejendomme A/S 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 Agat Ejendomme A/S (AGAT)?
The closing price on Sep 24, 2026 was kr 0.8700. Our model-based fair value is kr 0.1200, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Agat Ejendomme A/S right now?
The price sits above even our optimistic bull case (kr 0.1400). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Agat Ejendomme A/S
How large is the market capitalisation of Agat Ejendomme A/S (AGAT)?
The market capitalisation of Agat Ejendomme A/S is 133M DKK (≈ $20.3M). 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 Agat Ejendomme A/S (AGAT)?
The price-to-sales ratio of Agat Ejendomme A/S is 1.85 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Agat Ejendomme A/S (AGAT)?
The net margin of Agat Ejendomme A/S is 1.1% (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 Agat Ejendomme A/S (AGAT)?
The return on equity (ROE) of Agat Ejendomme A/S is 0.2% (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 Agat Ejendomme A/S (AGAT)?
On an EBIT basis the return on assets of Agat Ejendomme A/S is −1.3% (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 Agat Ejendomme A/S (AGAT)?
The operating margin of Agat Ejendomme A/S is 25.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Agat Ejendomme A/S (AGAT)?
Revenue at Agat Ejendomme A/S is growing −0.6% versus a year earlier (3y avg −26.0%). 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 Agat Ejendomme A/S (AGAT)?
Earnings per share at Agat Ejendomme A/S are growing −8.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Agat Ejendomme A/S (AGAT) carry?
The net debt of Agat Ejendomme A/S is 446M DKK (fiscal year 2026, ≈ 69.6 yrs of FCF). 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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