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Ariston Holding (ARIS) Fair Value & Analysis

Industrials · IT · Market cap €1.3B

AH Ariston Holding ARIS · MI
Price€3.64
Fair Value€4.96
Upside+36.4%
Quality48/100
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Evidence: High Range €3.30 – €7.51

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +10.1% over the past month.

Price vs Fair Value (12 months)

€5.37 €3.11 Fair Value €4.96 Jul 2025 Jul 2026

12‑month range €3.11 – €5.37 · fair‑value band €3.30 – €7.51 · the €3.64 price screens below the €4.96 fair value. As of Jul 3, 2026.

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Analysis

Ariston Holding (ARIS) currently trades at €3.64, while our model-based Fair Value estimate is €4.96 — implying the stock looks roughly 36.4% undervalued today. We read business quality at 48/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Ariston Holding generated revenue of €2.7B at a net margin of 4.8%. Revenue grew 4.7% year over year. It earns a return on equity of 9.0%. Net debt stands at €535M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) €2.7B
Revenue growth (YoY) +4.7%
Net margin 4.8%
Return on equity 9.0%
Free cash flow €158M FY2025
P/E ratio 10.1
More key figures
Operating margin 7.3%
EPS (TTM) €0.3600
Dividend yield 2.7%
EPS growth (YoY) +114%
Net debt €535M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Ariston Holding N.V., through its subsidiaries, produces and distributes hot water and space heating solutions in the Netherlands, Germany, Italy, Switzerland, and internationally. It operates in three segments: Thermal Comfort, Burners, and Components. The company offers water heating products, such as heat pumps, electric storage and instantaneous water heaters, gas storage and instantaneous water heaters, and solar water heaters and cylinders; air handling systems for private customers, as well as for commercial and industrial applications; combustion technologies for residential heating use and industrial sector; components; and end to end support during product development, including prototyping, homologation, and certification. The company offers its products under the brands of Ariston, Elco, Wolf, ATAG, Calorex, Brink, NTI, Racold, Domotec, Chromagen, Thermowatt, and Ecoflam brands. It also sells its products online. Ariston Holding N.V. was founded in 1930 and is …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ariston Holding reported revenue of €2.7B in FY2025 versus €2.0B in FY2021, a compound +8.0%/yr. Reported net income was €133M in FY2025, compounding −0.7%/yr from FY2021.

Revenue +8.0%/yr
FY21 €2.0B
FY22 €2.4B
FY23 €3.2B
FY24 €2.7B
FY25 €2.7B
Net income −0.7%/yr
FY21 €137M
FY22 €140M
FY23 €191M
FY24 €2.5M
FY25 €133M

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Frequently asked questions

Is Ariston Holding (ARIS) undervalued?
As of Jul 3, 2026, our model estimates a fair value of €4.96 versus a price of €3.64 — about +36% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ARIS?
Our model-based fair value for Ariston Holding is €4.96 (as of Jul 3, 2026), built from audited fundamentals. The current price is €3.64.
What is the quality score of ARIS?
Ariston Holding has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ariston Holding (ARIS)?
Ariston Holding reported trailing-twelve-month revenue of about €2.7B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of ARIS?
The net profit margin of Ariston Holding is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Ariston Holding pay a dividend?
Ariston Holding currently shows a dividend yield of about 2.74% relative to its recent price (as of Jul 3, 2026).

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.