Banimmo SA (BANI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Banimmo SA €3.93, price €3.00, upside +31.0%, quality 23 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Banimmo SA acquires, develops, holds, leases, and sells real estate properties in Belgium. Its projects include office, residential, retail, public, and mixed-use developments. The company was incorporated in 2002 and is based in Brussels, Belgium. Banimmo SA operates as a subsidiary of Patronale Life NV.
Stock analysis
Banimmo SA (BANI) currently trades at €3.00, while our model-based Fair Value estimate is €3.93, implying the stock looks roughly 23.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €4.53 per share, and 5 of the 7 models we run sit above the €3.00 price.
Bear case: the Economic Profit group reads lowest at €3.84, and 2 of the 7 models stay below the price. Evidence for this calculation is medium.
Quality & growth
The Quality Score stands at 23/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Banimmo SA reported revenue of €7.7M in FY2025 versus €81.9M in FY2021, a compound −44.6%/yr. Reported net income was €841K in FY2025, compounding −57.2%/yr from FY2021.
Key figures
Market cap €36.0M · P/E ratio 42.9 · P/S ratio 4.67 · EPS (TTM) €0.0700 · Net margin 10.9% · Return on equity 0.1% · Return on assets (EBIT) 4.2% · Operating margin 73.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 31%, BANI screens richer than that median.
Fair Value models
Bear €3.93Fair Value €3.93Bull €3.93
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.0514 per share) are deliberately not added.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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.8%
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.
+15.8%
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.
+18.3%
Start year 2020 (pandemic). Over 10 years: −17.2% a year
Revenue growth 21 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.
−3.9%
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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. Basis: EBIT basis.
−27.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.0%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.59% → 49%
⚠ Revenue per share shrinking 17.8%/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.
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 - Development · 577 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score24 · Bottom 25%
Fair Value upside+31% · Above median
Profitability
Return on equity (TTM)0% · Below median
Return on assets1% · Above median
Net margin (TTM)11% · Above median
Operating margin (TTM)73% · Top 25%
Growth and dividend
Revenue growth11% · Above median
Balance sheet
Debt / equity0.03× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Banimmo SA Fair Value". https://www.fairvalue-calculator.com/stock/BANI
Frequently asked questions
Is Banimmo SA (BANI) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €3.93 versus a price of €3.00, about +31% upside (undervalued).
What is the fair value of BANI?
Our model-based fair value for Banimmo SA is €3.93 (as of Sep 23, 2026), built from audited fundamentals. The current price: €3.00.
What is the quality score of BANI?
Banimmo SA has a Quality Score of 23/100. 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 Banimmo SA (BANI)?
Our model-based price target is the fair value of €3.93 (as of Sep 23, 2026) from 7 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Banimmo SA stock forecast for 2026?
Our models put fair value at €3.93, about +31% upside versus a price of €3.00 (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Banimmo SA (BANI)?
Banimmo SA reported trailing-twelve-month revenue of about €7.5M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Banimmo SA (BANI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banimmo SA it is €3.93 per share (as of Sep 23, 2026), against a price of €3.00. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Banimmo SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BANI trades below its calculated fair value: price €3.00, fair value €3.93, a gap of about +31% (undervalued). 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 BANI?
No. The price is what the market pays today (€3.00); the fair value is what the company's own numbers justify (€3.93). For Banimmo SA the two are €0.9300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banimmo SA worth?
The market values Banimmo SA at about €36.0M (market capitalisation, as of Sep 23, 2026). Per share that is €3.00; our models calculate a fair value of €3.93 per share.
What is the P/E ratio of BANI?
Banimmo SA trades at a price-to-earnings ratio of 42.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €3.93 is built from several models across several years. Other multiples: P/B 0.6, P/S 5.5, EV/EBITDA 10.9.
How solid is the balance sheet of Banimmo SA (BANI)?
Balance-sheet figures for Banimmo SA (as of Sep 23, 2026): return on equity 0.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is BANI from its 52-week high?
Banimmo SA trades at €3.00, about 6% below its 52-week high of €3.18 and 14% above the low of €2.64 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €3.93 is for.
Which stocks are comparable to Banimmo SA?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Banimmo SA stock attractive at the current price?
The data as of Sep 23, 2026: price €3.00, calculated fair value €3.93 (+31%), Quality Score 23/100, from 7 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 BANI calculated?
We run Banimmo SA through 7 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 €3.93, 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 13.2 % above its aggregate fair value. Banimmo SA currently trades 31 % below its own fair value, and the market average says nothing about that. 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 Banimmo SA (BANI)?
The closing price on Sep 24, 2026 was €3.00. Our model-based fair value is €3.93, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banimmo SA right now?
The large discount to fair value meets weak quality (23/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€3.93). The market is more pessimistic than our downside scenario. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Banimmo SA
How large is the market capitalisation of Banimmo SA (BANI)?
The market capitalisation of Banimmo SA is €36.0M. 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 Banimmo SA (BANI)?
The price-to-sales ratio of Banimmo SA is 4.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banimmo SA (BANI)?
Earnings per share at Banimmo SA are €0.0700 (price ÷ EPS = P/E 42.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Banimmo SA (BANI)?
The net margin of Banimmo SA is 10.9% (fiscal year 2025). 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 Banimmo SA (BANI)?
The return on equity (ROE) of Banimmo SA is 0.1% (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 Banimmo SA (BANI)?
On an EBIT basis the return on assets of Banimmo SA is 4.2% (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 Banimmo SA (BANI)?
The operating margin of Banimmo SA is 73.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banimmo SA (BANI)?
Revenue at Banimmo SA is growing +10.7% versus a year earlier (3y avg +15.8%). 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 Banimmo SA (BANI)?
Earnings per share at Banimmo SA are growing +525% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Banimmo SA (BANI) generate?
The free cash flow of Banimmo SA is −€22.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Banimmo SA (BANI) carry?
The net debt of Banimmo SA is €108M (fiscal year 2025). 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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