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BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH) Fair Value & Analysis

Industrials · DE · Market cap €44.5M

BL BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- BLH · F
Price€11.60
Fair Value€12.67
Upside+9.3%
Quality51/100
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Weak Growth
Thin margins · 0.2% net margin
Low debt · generates free cash flow
3.45% dividend yield
Ranks above peers (9/14)
Moderate moat 55/100
Evidence: High Range €8.52 – €16.96 Share as image

Fair value as of: Aug 20, 2026

From 24 valuation models · updated today

Share price −2.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€8.52 to €16.96) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€11.90 €7.13 Fair Value €12.67 Jun 2021 Aug 2026

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 €7.13 – €11.90 · fair‑value band €8.52 – €16.96 · the €11.60 price screens below the €12.67 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH) currently trades at €11.60, while our model-based Fair Value estimate is €12.67, implying the stock looks roughly 9.3% fairly valued today. The Quality Score stands at 51/100 (solid 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, BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- generated revenue of €1.1B at a net margin of 0.2%. Revenue grew 4.1% year over year. It earns a return on equity of 26.7%. Net debt stands at €87.8M. Fundamentals as of Aug 20, 2026

Our scenario range runs from €8.52 (bear case) to €16.96 (bull case); at €11.60, the current price sits within 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 3% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 26% fair-value upside, at 9%, BLH screens richer 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 €97.15 €119.80 €156.39 80
Residual Income €93.24 €110.81 €192.47 76
Rev-Margin DCF €62.71 €84.86 €114.67 74
All 24 models by family
DCF Models
FCF DCF €95.06 €118.97 €161.06 38
Owner Earnings €191.96 €237.78 €318.40 31
5Y Revenue Exit €62.71 €82.24 €111.38 39
5Y EBITDA Exit €156.18 €240.69 €354.71 41
5Y P/E Exit €155.71 €239.89 €342.06 38
10Y Revenue Exit €76.30 €93.85 €112.45 36
10Y EBITDA Exit €126.39 €183.16 €247.60 37
10Y P/E Exit €126.14 €182.71 €240.57 35
Earnings-Based
Graham-Dodd €109.83 €183.19 €222.61 54
EPV €23.82 €27.98 €31.35 59
Dividend Discount
Gordon GGM €57.15 €66.92 €76.19 70
DDM Multi-Stage €57.15 €70.40 €84.11 61
Multiples
P/E Multiple €254.38 €339.17 €423.96 63
P/S Multiple €205.93 €274.57 €343.21 58
P/B Multiple €205.93 €274.57 €343.21 55
EV/EBIT €57.86 €80.75 €103.63 53
EV/EBITDA €244.61 €329.75 €414.88 54
EV/Revenue €38.21 €59.21 €80.21 43
Asset-Based
NCAV (Graham) €50.46 €67.61 €100.91 50
Growth DCF
Growth DCF €97.15 €119.80 €156.39 80
Rev-Margin DCF €62.71 €84.86 €114.67 74
Economic Profit
Residual Income €93.24 €110.81 €192.47 76
ROIC Compounder €23.82 €27.98 €31.35 72
Growth Earnings
Growth-Adj P/E €179.63 €256.61 €333.59 68

Widest divergence: Multiples (€274.57) versus Earnings-Based (€27.98). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €1.1B
Revenue growth (YoY) +4.1%
Net margin 0.2%
Return on equity 26.7%
Free cash flow €54.5M FY2025
P/E ratio 15.5
More key figures
Operating margin 22.7%
EPS (TTM) €0.7500
Dividend yield 3.5%
EPS growth (YoY) +13.6%
Net debt €87.8M FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 47 · Market factors (momentum, volatility) 63

Profitability 43
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 82
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

BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- provides logistics and supply chain management services worldwide. It operates through Automobile, Contract, and Container segments.

Full company description

BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- provides logistics and supply chain management services worldwide. It operates through Automobile, Contract, and Container segments. The company offers seaport terminals for car handling, as well as inland terminals; vehicle storage, technical services, and multimodal distribution services by road, rail, and inland waterways; distributes vehicles to car dealers; and provides ancillary services, such as customs clearance and export and import administration. It also provides procurement, production, distribution logistics, and reverse and spare parts logistics; consolidate, process, pack, and ship goods for the supply of production plants; complex system services; supply and disposal of waste removal from production lines, on-site logistics, reverse logistics management, and complex assemblies; and handle and store refrigerated and frozen good, and related services. In addition, the company offers container handling services; intermodal services comprising transport of sea containers to and from the terminals, repairs, depot storage and trading of containers, cargo-modal, and technical services; and freight forwarding services. The company was incorporated in 1877 and is headquartered in Bremen, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- reported revenue of €1.2B in FY2025 versus €1.1B in FY2021, a compound +2.6%/yr. Reported net income was €62.0M in FY2025, compounding +6.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€1.2B
Latest YoY
−4.5%
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.
+1.4%
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 (12Y) 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.
+2.6%
Revenue +2.6%/yr
FY21 €1.1B
FY22 €1.1B
FY23 €1.2B
FY24 €1.2B
FY25 €1.2B
Net income +6.4%/yr
FY21 €48.3M
FY22 €50.9M
FY23 €32.2M
FY24 €84.1M
FY25 €62.0M

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Cite: Fair Value Calculator (2026). "BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- Fair Value". https://www.fairvalue-calculator.com/stock/BLH

Peer Group

Integrated Freight & Logistics · 216 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 51 · Below median
Fair Value upside +9% · Above median
Return on equity (TTM) 27% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 23% · Top 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 3.4% · Above median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 15.5× · Pricier than median
P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 1.0× · Cheaper than median
EV/EBITDA 4.8× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE46 · sector 40
FUTURE21 · sector 8
PAST100 · sector 26
HEALTH76 · sector 94
DIVIDEND69 · sector 56

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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $103.91 $103.34 -1%
FedEx Corporation FDX $326.77 $347.68 +6%
Deutsche Post AG DHL €55.32 €53.18 -4%
DSV A/S DSV kr 1,380 kr 712.57 -48%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
ZTO Express (Cayman) Inc 2057 HK$178.20 HK$224.41 +26%
Hyundai Glovis Co 086280 199,700 KRW 468,982 KRW +135%
YTO Express Group 600233 ¥18.48 ¥26.51 +43%
JD Logistics, Inc 2618 HK$14.17 HK$21.45 +51%
Sinotrans Limited 601598 ¥6.46 ¥7.38 +14%

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Frequently asked questions

Is BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €12.67 versus a price of €11.60, about +9% (fairly valued).
What is the fair value of BLH?
Our model-based fair value for BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- is €12.67 (as of Aug 20, 2026), built from audited fundamentals. The current price: €11.60.
What is the quality score of BLH?
BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- has a Quality Score of 51/100. 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 BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH)?
BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- reported trailing-twelve-month revenue of about €1.1B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of BLH?
The net profit margin of BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.
Does BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- pay a dividend?
BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- currently shows a dividend yield of about 3.45% relative to its recent price (as of Aug 20, 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.

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