STOCK3 AG NA O.N. (BOG) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of STOCK3 AG NA O.N. €17.37, price €31.60, upside -45.0%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
49‑month range €15.00 – €33.20 · fair‑value band €13.39 – €22.31 · the €31.60 price screens above the €17.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Stock3 AG operates financial market analysis and trading platform in Germany. It offers IT solutions for private and business customers. The company was formerly known as Boersego AG and changed its name to Stock3 AG in August 2022. The company was founded in 2000 and is based in Munich, Germany.
Stock analysis
STOCK3 AG NA O.N. (BOG) currently trades at €31.60, while our model-based Fair Value estimate is €17.37, 45.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €19.21 per share, and 0 of the 25 models we run sit above the €31.60 price.
Bear case: the Asset-Based group reads lowest at €3.07, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: €13.39 (bear) to €22.31 (bull), the price of €31.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 80/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
STOCK3 AG NA O.N. reported revenue of €13.8M in FY2025 versus €11.9M in FY2021, a compound +3.8%/yr. Reported net income was €952K in FY2025, compounding −2.7%/yr from FY2021.
Key figures
Market cap €35.4M · P/E ratio 37.2 · P/S ratio 2.56 · EPS (TTM) €0.8500 · Dividend yield 0.4% · Net margin 6.9% · Return on equity 18.7% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −45%, BOG screens richer than that median.
Fair Value models
Bear €13.39Fair Value €17.37Bull €22.31
Price €31.60 · Upside -45.0%
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 (€0.6474 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.2%
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.
+3.2%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.5%
Dividend (yield on the price)0.4%
Profit margin 2021 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.13% → 10%
2025 sits 85% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +13.6% a year for the price.
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.Specialty Business Services · 234 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score80 · Top 25%
Fair Value upside−45.0% · Bottom 25%
Profitability
Return on equity (TTM)18.7% · Top 25%
Return on assets9.5% · Top 25%
Net margin (TTM)6.9% · Above median
Operating margin (TTM)13.9% · Above median
Growth and dividend
Revenue growth0.0% · Below median
Dividend yield (TTM)0.4% · Bottom 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (TTM)37.2× · Priciest 25%
P/B6.89× · Priciest 25%
P/S (TTM)2.56× · Priciest 25%
P/FCF32.7× · Priciest 25%
EV/EBITDA17.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)0· sector 31
PAST (return on equity)75· sector 37
HEALTH (low debt)0· sector 93
DIVIDEND (yield)7· sector 52
VALUE 0: the price sits above our fair-value range.
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). "STOCK3 AG NA O.N. Fair Value". https://www.fairvalue-calculator.com/stock/BOG
Frequently asked questions
Is STOCK3 AG NA O.N. (BOG) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of €17.37 versus a price of €31.60, about −45% upside (overvalued).
What is the fair value of BOG?
Our model-based fair value for STOCK3 AG NA O.N. is €17.37 (as of Oct 4, 2026), built from audited fundamentals. The current price: €31.60.
What is the quality score of BOG?
STOCK3 AG NA O.N. has a Quality Score of 80/100. 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 STOCK3 AG NA O.N. (BOG)?
Our model-based price target is the fair value of €17.37 (as of Oct 4, 2026) from 25 valuation models. Cautious scenario €13.39, optimistic scenario €22.31. It is a calculation from audited fundamentals, not an analyst target.
What is the STOCK3 AG NA O.N. stock forecast for 2026?
Our models put fair value at €17.37, about −45% upside versus a price of €31.60 (overvalued). Cautious scenario €13.39, optimistic scenario €22.31. The calculation is refreshed regularly with new filings.
What is the revenue of STOCK3 AG NA O.N. (BOG)?
STOCK3 AG NA O.N. reported trailing-twelve-month revenue of about €13.8M (latest available figure, as of Oct 4, 2026).
Does STOCK3 AG NA O.N. pay a dividend?
STOCK3 AG NA O.N. currently shows a dividend yield of about 0.36% relative to its recent price (as of Oct 4, 2026).
What growth is priced into STOCK3 AG NA O.N. (BOG)?
For today's price to be fair in a discounted-cash-flow model, STOCK3 AG NA O.N. would have to grow free cash flow by +16.1 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +3.8 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of BOG use?
Our models discount STOCK3 AG NA O.N. at 9.5 %: a base by market capitalisation (nano), country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For STOCK3 AG NA O.N. that is +16.1 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has STOCK3 AG NA O.N. (BOG) delivered so far?
Over the past 4 years revenue at STOCK3 AG NA O.N. grew +3.8 % a year. The price currently implies +16.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of STOCK3 AG NA O.N. (BOG) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into STOCK3 AG NA O.N. (+16.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of STOCK3 AG NA O.N. (BOG)?
The free-cash-flow yield on the price is 3.06 %: that much free cash flow STOCK3 AG NA O.N. produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of STOCK3 AG NA O.N. (BOG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For STOCK3 AG NA O.N. it is €17.37 per share (as of Oct 4, 2026), against a price of €31.60. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is STOCK3 AG NA O.N. stock overvalued or undervalued in 2026?
As of Oct 4, 2026, BOG trades above its calculated fair value: price €31.60, fair value €17.37, a gap of about −45% (overvalued). 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 BOG?
No. The price is what the market pays today (€31.60); the fair value is what the company's own numbers justify (€17.37). For STOCK3 AG NA O.N. the two are €14.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is STOCK3 AG NA O.N. worth?
The market values STOCK3 AG NA O.N. at about €35.4M (market capitalisation, as of Oct 4, 2026). Per share that is €31.60; our models calculate a fair value of €17.37 per share.
What do the bullish and bearish scenarios say about BOG?
Our models span a range for STOCK3 AG NA O.N.: cautious scenario €13.39, base €17.37, optimistic €22.31 per share (as of Oct 4, 2026, price €31.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BOG?
STOCK3 AG NA O.N. trades at a price-to-earnings ratio of 37.2 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €17.37 is built from several models across several years. Other multiples: P/B 6.9, P/S 2.6, EV/EBITDA 17.3.
How solid is the balance sheet of STOCK3 AG NA O.N. (BOG)?
Balance-sheet figures for STOCK3 AG NA O.N. (as of Oct 4, 2026): return on equity 18.7%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is BOG from its 52-week high?
STOCK3 AG NA O.N. trades at €31.60, about 2% below its 52-week high of €32.40 and 21% above the low of €26.20 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €17.37 is for.
Which stocks are comparable to STOCK3 AG NA O.N.?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 STOCK3 AG NA O.N. stock attractive at the current price?
The data as of Oct 4, 2026: price €31.60, calculated fair value €17.37 (−45%), Quality Score 80/100, from 25 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 BOG calculated?
We run STOCK3 AG NA O.N. through 25 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 €17.37, 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 15.0 % above its aggregate fair value. STOCK3 AG NA O.N. itself currently trades above fair value. 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 STOCK3 AG NA O.N. (BOG)?
The closing price on Oct 2, 2026 was €31.60. Our model-based fair value is €17.37, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with STOCK3 AG NA O.N. right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (€22.31). The favourable scenario is already priced in.
Key figures of STOCK3 AG NA O.N.
How large is the market capitalisation of STOCK3 AG NA O.N. (BOG)?
The market capitalisation of STOCK3 AG NA O.N. is €35.4M. 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 STOCK3 AG NA O.N. (BOG)?
The price-to-sales ratio of STOCK3 AG NA O.N. is 2.56 (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 STOCK3 AG NA O.N. (BOG)?
Earnings per share at STOCK3 AG NA O.N. are €0.8500 (price ÷ EPS = P/E 37.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of STOCK3 AG NA O.N. (BOG)?
The dividend yield of STOCK3 AG NA O.N. is 0.4% (payout 13.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of STOCK3 AG NA O.N. (BOG)?
The net margin of STOCK3 AG NA O.N. is 6.9% (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 STOCK3 AG NA O.N. (BOG)?
The return on equity (ROE) of STOCK3 AG NA O.N. is 18.7% (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 STOCK3 AG NA O.N. (BOG)?
On an EBIT basis the return on assets of STOCK3 AG NA O.N. is 7.9% (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 STOCK3 AG NA O.N. (BOG)?
The operating margin of STOCK3 AG NA O.N. is 13.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
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