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There (BMP) Fair Value & Analysis

Industrials · DE · Market cap €32.5M · ISIN DE0005240907

What is There really worth?

T There BMP · STU
Price from Aug 18, 2026€6.20
Fair Value€8.03
Upside+29.5%
Quality75/100

A strong business, trading 23% below our fair value of €8.03.

As of Aug 20, 2026, the fair value of There is €8.03 per share against a price of €6.20, so the fair value sits 30% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Mixed Growth (revenue 5y +18.3 %/yr)
!Mixed vs. peers (4/8)
!Moderate moat 58/100
!Evidence only low, so the estimate is less certain
!The models disagree: range €6.02 to €21.38
Evidence: Low Range €6.02 – €21.38

Fair value as of: Aug 20, 2026

From 8 valuation models · updated 17 days ago

Share price +1.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The model range is unusually wide (€6.02 to €21.38). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

€7.42 €0.4708 Fair Value €8.03 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 €0.4708 – €7.42 · fair‑value band €6.02 – €21.38 · the €6.20 price screens below the €8.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

There (BMP) currently trades at €6.20, while our model-based Fair Value estimate is €8.03, implying the stock looks roughly 22.8% undervalued today. The Quality Score stands at 75/100 (high quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of €21.63 per share, and 6 of the 8 models we run sit above the €6.20 price. Bear case: the Asset-Based group reads lowest at €1.14, and 2 of the 8 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at €2.3K. Revenue declined 60.8% year over year. It earns a return on equity of 27.8%. The stock trades on a trailing P/E of 13.2. Fundamentals as of Aug 20, 2026

Our scenario range runs from €6.02 (bear case) to €21.38 (bull case); at €6.20, 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 16% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at 30%, BMP screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.3206 per share, which is 4.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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-Adj P/E best evidence €15.14 €21.63 €28.12 65
P/E Multiple €7.44 €9.92 €12.40 63
Graham-Dodd €3.21 €22.40 €31.44 61
All 8 models by family
Earnings-Based
Graham-Dodd €3.21 €22.40 €31.44 61
Lynch FV €11.57 €16.54 €21.50 59
PEG = 1.0 €11.57 €16.54 €21.50 55
Multiples
P/E Multiple €7.44 €9.92 €12.40 63
P/B Multiple €5.72 €7.63 €9.53 55
Asset-Based
NCAV (Graham) €0.8500 €1.14 €1.69 51
Economic Profit
Residual Income €2.49 €3.40 €15.71 56
Growth Earnings
Growth-Adj P/E best evidence €15.14 €21.63 €28.12 65

Widest divergence: Growth Earnings (€21.63) versus Asset-Based (€1.14). Highest evidence: Growth-Adj P/E (65).

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Key figures & financial health

P/E ratio 13.2
EPS (TTM) €0.4700 price ÷ EPS = P/E 13.2
Net margin 107,187% TTM
Return on equity 27.8% TTM
Return on assets (EBIT) −11.4% avg 5y
Operating margin −25,478% TTM
More key figures
Growth
Revenue (TTM) €2.3K TTM
Revenue growth (YoY) −60.8% 3y avg +12.2%
EPS growth (YoY) −55.6%
Balance sheet & cash flow
Net debt €126K FY2024

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 72 · Market factors (momentum, volatility) 52

Profitability 59
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 69
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

There is no Profile data available for BMP.SG.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €2.3K in FY2025 versus €4.5K in FY2021, a compound −15.1%/yr. Reported net income was €2.5M in FY2025, compounding −1.3%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€2.3K
Latest YoY
+44.2%
Avg. revenue 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.
+12.2%
Avg. revenue 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.
+18.3%
Avg. revenue 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.
−2.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+51.6% · in EUR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+51.6%
Dividend yield0.0%
Operating margin (EBIT) 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.−69,300.0% (2020) → −54,822.5% (2025) · rising
Worst earnings drop63% (2020) · in EUR
⚠ Revenue per share shrinking 1.4%/yr over ~6Y (margin trend unclear) 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.
Revenue −15.1%/yr
FY21 €4.5K
FY22 €1.6K
FY23 €56
FY24 €1.6K
FY25 €2.3K
Net income −1.3%/yr
FY21 €2.6M
FY22 €1.6M
FY23 €2.8M
FY24 €2.9M
FY25 €2.5M

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Cite: Fair Value Calculator (2026). "There Fair Value". https://www.fairvalue-calculator.com/stock/BMP.STU

Peer Group

Building Products & Equipment · 242 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 75 · Top 25%
Fair Value upside +30% · Top 25%
Return on equity (TTM) 28% · Top 25%
Return on assets −6% · Bottom 25%
Revenue growth −61% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 13.2× · Cheaper than median
P/B 4.25× · Pricier than 75% of peers

Strength profile in five axes (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
VALUE73 · sector 2
FUTURE0 · sector 11
PAST100 · sector 25
HEALTH0 · sector 95
DIVIDEND0 · sector 41

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

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%

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Frequently asked questions

Is There (BMP) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €8.03 versus the last price from Aug 18, 2026 of €6.20, about +30% upside (undervalued).
What is the fair value of BMP?
Our model-based fair value for There is €8.03 (as of Aug 20, 2026), built from audited fundamentals. Last price (from Aug 18, 2026): €6.20.
What is the quality score of BMP?
There has a Quality Score of 75/100. 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 There (BMP)?
Our model-based price target is the fair value of €8.03 (as of Aug 20, 2026) from 8 valuation models. Cautious scenario €6.02, optimistic scenario €21.38. It is a calculation from audited fundamentals, not an analyst target.
What is the There stock forecast for 2026?
Our models put fair value at €8.03, about +30% upside versus the last price from Aug 18, 2026 of €6.20 (undervalued). Cautious scenario €6.02, optimistic scenario €21.38. The calculation is refreshed regularly with new filings.
What is the revenue of There (BMP)?
There reported trailing-twelve-month revenue of about €2.3K (latest available figure, as of Aug 20, 2026).
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