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Blue Cap AG (B7E) Fair Value & Analysis

Financial Services · DE · Market cap €75.1M

BC Blue Cap AG B7E · XETRA
Price€16.40
Fair Value€32.00
Upside+95.1%
Quality60/100
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Mixed Growth
Solidly profitable · 17.2% net margin
Low debt · generates free cash flow
3.92% dividend yield
Mixed vs. peers (7/14)
Narrow moat 35/100
Evidence: High Range €24.00 – €40.00 Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from €34.58 to €32.00 (−7.5%) since Jun 26, 2026. Share price −5.7% over the past month.

A solid business, screening 95% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€24.00). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) 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.
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Price vs Fair Value (5 years)

€28.89 €13.21 Fair Value €32.00 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €13.21 – €28.89 · fair‑value band €24.00 – €40.00 · the €16.40 price screens below the €32.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Blue Cap AG (B7E) currently trades at €16.40, while our model-based Fair Value estimate is €32.00, implying the stock looks roughly 95.1% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services 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, Blue Cap AG generated revenue of €202M at a net margin of 10.1%. Revenue declined 4.3% year over year. It earns a return on equity of 9.1%. The balance sheet holds a net cash position of €50.5M. Fundamentals as of Jul 17, 2026

Our scenario range runs from €24.00 (bear case) to €40.00 (bull case); at €16.40, the current price sits below 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 about 30% below its 52-week high, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 95%, B7E 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 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
Highest evidence
Growth DCF €36.29 €48.43 €67.41 80
Residual Income €27.07 €36.87 €123.79 76
Rev-Margin DCF €28.42 €34.60 €47.73 74
All 13 models by family
DCF Models
Owner Earnings €93.39 €167.51 €296.87 31
5Y P/E Exit €57.01 €111.29 €185.94 38
10Y P/E Exit €49.66 €95.26 €171.38 35
Earnings-Based
Graham-Dodd €35.61 €248.31 €348.47 54
Lynch FV €128.29 €183.27 €238.25 50
Dividend Discount
Gordon GGM €7.66 €12.83 €16.66 70
DDM Multi-Stage €7.66 €12.17 €13.81 61
Multiples
P/E Multiple €51.05 €68.07 €85.09 63
P/B Multiple €25.93 €34.58 €43.22 55
Asset-Based
NCAV (Graham) €12.35 €16.55 €24.70 50
Growth DCF
Growth DCF €36.29 €48.43 €67.41 80
Rev-Margin DCF €28.42 €34.60 €47.73 74
Economic Profit
Residual Income €27.07 €36.87 €123.79 76

Widest divergence: Earnings-Based (€183.27) versus Dividend Discount (€12.17). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €136M
Revenue growth (YoY) -4.3%
Net margin 17.2%
Return on equity -18.7%
Free cash flow €8.0M FY2025
P/E ratio 8.1
More key figures
Operating margin 2.0%
EPS (TTM) €2.07
Dividend yield 3.9%
EPS growth (YoY) +833%
Net cash €50.5M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 44

Profitability 60
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 78
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

Blue Cap AG is a private equity firm based in Munich, Germany, specializing in investments in middle market, late-stage, mature, turnaround, recapitalization, buyout, special situations, restructuring, corporate carve-outs, and growth capital.

Full company description

Blue Cap AG is a private equity firm based in Munich, Germany, specializing in investments in middle market, late-stage, mature, turnaround, recapitalization, buyout, special situations, restructuring, corporate carve-outs, and growth capital. It focuses on SMEs, particularly B2B companies in industrial goods and services across sectors such as adhesives & coatings, plastics, business services, and medical. The firm targets investments in Germany, Austria, and Switzerland, typically ranging from $5.65 million to $28.3 million in equity, with target sales between "20 million ($23.46 million) and "200 million ($234.65 million), and EBITDA up to $10 million. Blue Cap prefers majority stakes and aims for exits within three to seven years, investing from its balance sheet capital. Founded in 2006, the firm operates with a long-term, value-driven approach.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Blue Cap AG reported revenue of €137M in FY2025 versus €267M in FY2021, a compound −15.4%/yr. Reported net income was €23.5M in FY2025, compounding +46.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€137M
Avg. growth/yr (3Y) 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.
−8.3%
Avg. growth/yr (5Y) 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.
−1.8%
Avg. growth/yr (18Y) 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.
+61.2%
Revenue −15.4%/yr
FY21 €267M
FY22 €291M
FY23 €219M
FY24 €206M
FY25 €137M
Net income +46.1%/yr
FY21 €5.2M
FY22 €12.2M
FY23 −€17.8M
FY24 €13.3M
FY25 €23.5M
Character of growth · EPS growth decomposed (2014-2025) +31.9 % p.a.
Revenue per share +5.8 pp

of which total revenue +7.6 pp · buybacks/dilution −1.8 pp

EBIT margin −11.6 pp
Tax rate +5.4 pp
Residual (interest, one-offs) +32.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Blue Cap AG Fair Value". https://www.fairvalue-calculator.com/stock/B7E

Peer Group

Asset Management · 971 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 60 · Above median
Fair Value upside +95% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 17% · Below median
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -4% · Below median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 8.1× · Cheaper than median
P/B 0.78× · Cheaper than median
P/S (TTM) 0.64× · Cheaper than 75% of peers
P/FCF 10.9× · Pricier than median
EV/EBITDA 1.4× · Cheaper 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 100 · sector 37
FUTURE 0 · sector 6
PAST 0 · sector 26
HEALTH 88 · sector 95
DIVIDEND 78 · sector 69

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Blue Cap AG (B7E) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €32.00 versus a price of €16.40, about +95% (undervalued).
What is the fair value of B7E?
Our model-based fair value for Blue Cap AG is €32.00 (as of Jul 17, 2026), built from audited fundamentals. The current price is €16.40.
What is the quality score of B7E?
Blue Cap AG has a Quality Score of 60/100. 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 Blue Cap AG (B7E)?
Blue Cap AG reported trailing-twelve-month revenue of about €202M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of B7E?
The net profit margin of Blue Cap AG is about 10.1%, meaning it keeps roughly 10.1% 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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