BHB Brauholding Bayern-Mitte AG (B9B) Fair Value & Analysis
Consumer Defensive · DE · Market cap €6.3M
Fair value as of: Aug 20, 2026
From 5 valuation models · updated today
Share price +3.6% over the past month.
A solid business, screening 200% undervalued on our models.
What matters now
- The price is below even our cautious bear case (€4.32). The market is more pessimistic than our downside scenario.
- 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 quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (€4.32 to €7.91) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range €1.80 – €2.94 · fair‑value band €4.32 – €7.91 · the €2.04 price screens below the €6.12 fair value. Dashed = 300-day average. As of Aug 20, 2026.
Analysis
BHB Brauholding Bayern-Mitte AG (B9B) currently trades at €2.04, while our model-based Fair Value estimate is €6.12, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Defensive 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: low), always confirm before acting.
Over the trailing twelve months, BHB Brauholding Bayern-Mitte AG generated revenue of €16.9M at a net margin of -0.8%. Revenue declined 1.7% year over year. It earns a return on equity of -1.3%. Net debt stands at €3.3M. Fundamentals as of Aug 20, 2026
Our scenario range runs from €4.32 (bear case) to €7.91 (bull case); at €2.04, 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 23% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -5% fair-value upside, at 200%, B9B 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.
All 5 models by family
Widest divergence: Multiples (€6.47) versus Dividend Discount (€0.4700). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 37
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
BHB Brauholding Bayern-Mitte AG, together with its subsidiaries, engages in the brewery business in Germany. The company offers wheat beer, bottom-fermented beer specialties, and beer-based mixed drinks. It also provides mineral water and non-alcoholic soft drinks.
Full company description
BHB Brauholding Bayern-Mitte AG, together with its subsidiaries, engages in the brewery business in Germany. The company offers wheat beer, bottom-fermented beer specialties, and beer-based mixed drinks. It also provides mineral water and non-alcoholic soft drinks. The company offers its products under HERRNBRÄU, BERNADETT FOUNT, GRITSCHENBRÄU, Ingobräu, LEITNERBRÄU, SCHLOSSBRAUEREI HERRGIESRSDORF, and Civic Brewery brand name. BHB Brauholding Bayern-Mitte AG was founded in 1882 and is based in Ingolstadt, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BHB Brauholding Bayern-Mitte AG reported revenue of €17.0M in FY2025 versus €13.6M in FY2021, a compound +5.9%/yr. Reported net income was −€154K in FY2025.
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Peer Group
Beverages - Brewers · 57 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.
Valuation Multiples vs Beverages - Brewers median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Anheuser-Busch InBev SA 1ABI | €68.84 | €41.60 | -40% |
| Ambev S.A ABEV | 14,120 ARS | 3,535 ARS | -75% |
| Fomento Económico Mexicano, S.A. FEMSAUBD | 222.91 MXN | 201.74 MXN | -9% |
| Heineken N.V HEIA | €73.90 | €65.06 | -12% |
| Constellation Brands, Inc STZ | $130.56 | $173.19 | +33% |
| Heineken Holding HEIO | €67.85 | €99.95 | +47% |
| Carlsberg A/S CARLA | kr 1,090 | kr 607.30 | -44% |
| Tsingtao Brewery Company 600600 | ¥51.63 | ¥63.65 | +23% |
| Budweiser Brewing Company 1876 | HK$6.35 | HK$6.05 | -5% |
| China Resources Beer (Holdings) Company 0291 | HK$22.16 | HK$25.38 | +15% |
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Frequently asked questions
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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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