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Befesa S.A (BFSA) Fair Value & Analysis

Industrials · DE · Market cap €1.5B

BS Befesa S.A BFSA · XETRA
Price€32.40
Fair Value€27.10
Upside-16.4%
Quality94/100
Evidence: High Range €15.61 – €42.54

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Share price −19.3% over the past month.

Price vs Fair Value (12 months)

€40.16 €28.03 Fair Value €27.10 Jul 2025 Jun 2026

12‑month range €28.03 – €40.16 · fair‑value band €15.61 – €42.54 · the €32.40 price screens above the €27.10 fair value. As of Jun 24, 2026.

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Analysis

Befesa S.A (BFSA) currently trades at €32.40, while our model-based Fair Value estimate is €27.10 — implying the stock looks roughly 16.4% overvalued today. We read business quality at 94/100 (high quality), in the Industrials 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: high).

Over the trailing twelve months, Befesa S.A generated revenue of €1.2B at a net margin of 7.1%. Revenue declined 7.5% year over year. It earns a return on equity of 10.0%. Net debt stands at €548M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €1.2B
Revenue growth (YoY) -7.5%
Net margin 7.1%
Return on equity 10.0%
Free cash flow €104M FY2025
P/E ratio 18.0
More key figures
Operating margin 13.1%
EPS (TTM) €2.06
Dividend yield 2.7%
EPS growth (YoY) +10.6%
Net debt €548M FY2025

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

About the company

Befesa S.A. offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets. It operates in two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust; sells waelz oxide to zinc smelters; and treats crude steel dust; produces stainless steel by electric arc furnace or other metallurgical processes; and galvanization residues, as well as offers refining, logistics, administration, and advisory services. The Aluminium Salt Slags Recycling Services segment recycles salt slags; spent pot linings, a hazardous residue generated by primary aluminum producers; and recovers and sells salt, aluminum concentrate, and aluminum oxides. This segment also collects and recycles aluminum scrap and other aluminum residues, such as aluminum dross, shavings, cuttings, and aluminum concentrates; and produces secondary aluminum allo…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Befesa S.A reported revenue of €1.2B in FY2025 versus €822M in FY2021, a compound +9.5%/yr. Reported net income was €80.5M in FY2025, compounding −5.2%/yr from FY2021.

Revenue +9.5%/yr
FY21 €822M
FY22 €1.1B
FY23 €1.2B
FY24 €1.2B
FY25 €1.2B
Net income −5.2%/yr
FY21 €99.7M
FY22 €106M
FY23 €58.0M
FY24 €50.8M
FY25 €80.5M

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Similar stocks

6 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $220.40 $109.80 -50%
UWS UWS €187.85 €103.91 -45%
Republic Services, Inc RSG $204.36 $122.01 -40%
Waste Connections, Inc WCN $159.03 $63.83 -60%
Veolia Environnement SA VEOEF $41.05 $35.75 -13%
Clean Harbors, Inc CLH $288.64 $87.21 -70%

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Frequently asked questions

Is Befesa S.A (BFSA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €27.10 versus a price of €32.40 — about −16% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BFSA?
Our 21-model fair value for Befesa S.A is €27.10 (as of Jun 24, 2026), built from audited fundamentals. The current price is €32.40.
What is the quality score of BFSA?
Befesa S.A has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Befesa S.A (BFSA)?
Befesa S.A reported trailing-twelve-month revenue of about €1.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of BFSA?
The net profit margin of Befesa S.A is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does Befesa S.A pay a dividend?
Befesa S.A currently shows a dividend yield of about 2.73% relative to its recent price (as of Jun 24, 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.