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ad pepper media International N.V (APM) Fair Value & Analysis

Communication Services · DE · Market cap €64.1M

AP ad pepper media International N.V APM · XETRA
Price€2.64
Fair Value€1.66
Upside-37.1%
Quality80/100
Evidence: Medium Range €1.48 – €1.84

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Price vs Fair Value (12 months)

€3.96 €2.62 Fair Value €1.66 Jun 2025 Jun 2026

12‑month range €2.62 – €3.96 · fair‑value band €1.48 – €1.84 · the €2.64 price screens above the €1.66 fair value. As of Jun 24, 2026.

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Analysis

ad pepper media International N.V (APM) currently trades at €2.64, while our model-based Fair Value estimate is €1.66 — implying the stock looks roughly 37.1% overvalued today. We read business quality at 80/100 (high quality), in the Communication Services 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, ad pepper media International N.V generated revenue of €65.4M at a net margin of 5.3%. It earns a return on equity of 7.6%. The balance sheet holds a net cash position of €25.6M. The stock trades on a trailing P/E of 88.0. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €65.4M
Revenue growth (YoY) +430%
Net margin 5.3%
Return on equity 7.6%
Free cash flow €2.3M FY2025
P/E ratio 88.0
More key figures
Operating margin 4.2%
EPS (TTM) €0.0300
EPS growth (YoY) +142%
Net cash €25.6M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

ad pepper media International N.V. provides performance marketing services in Germany, the United Kingdom, Spain, the Netherlands, and internationally. It operates through three segments: ad pepper, solute, and Webgains. The ad pepper segment operates iLead, a lead generation platform, that helps in the acquisition of customer data without advertising risk; iSense, a targeting platform, that helps in delivering the right message to the right person in the right place at the right time; Mailpepper, an email marketing platform; and provides performance display online advertising solution. The solute segment offers digital commerce and price comparison solution . The Webgains segment provides affiliate marketing solutions. The company was founded in 1999 and is headquartered in Nuremberg, Germany.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ad pepper media International N.V reported revenue of €50.2M in FY2025 versus €112M in FY2021, a compound −18.1%/yr. Reported net income was €752K in FY2025, compounding −26.4%/yr from FY2021.

Revenue −18.1%/yr
FY21 €112M
FY22 €98.2M
FY23 €21.7M
FY24 €89.7M
FY25 €50.2M
Net income −26.4%/yr
FY21 €2.6M
FY22 −€250K
FY23 −€944K
FY24 €2.1M
FY25 €752K

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Frequently asked questions

Is ad pepper media International N.V (APM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €1.66 versus a price of €2.64 — about −37% (overvalued). Model-based estimate, not financial advice.
What is the fair value of APM?
Our 21-model fair value for ad pepper media International N.V is €1.66 (as of Jun 24, 2026), built from audited fundamentals. The current price is €2.64.
What is the quality score of APM?
ad pepper media International N.V has a Quality Score of 80/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ad pepper media International N.V (APM)?
ad pepper media International N.V reported trailing-twelve-month revenue of about €65.4M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of APM?
The net profit margin of ad pepper media International N.V is about 5.3%, meaning it keeps roughly 5.3% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.