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BayWa Aktiengesellschaft (BYW6) Fair Value & Analysis

Industrials · DE · Market cap €164M

BA BayWa Aktiengesellschaft BYW6 · XETRA
Price€2.70
Fair Value€4.66
Upside+72.6%
Quality40/100
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Mixed Growth
Loss-making · -6.4% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 10/100
Evidence: Medium Range €2.58 – €6.41 Share as image

Fair value as of: Jul 12, 2026

From 4 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from €4.51 to €4.66 (+3.3%) since Jun 26, 2026. Share price +5.9% over the past month.

Below-average quality, screening 73% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range (€2.58 to €6.41) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€24.43 €2.23 Fair Value €4.66 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €2.23 – €24.43 · fair‑value band €2.58 – €6.41 · the €2.70 price screens below the €4.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

BayWa Aktiengesellschaft (BYW6) currently trades at €2.70, while our model-based Fair Value estimate is €4.66, implying the stock looks roughly 72.6% undervalued today. The Quality Score stands at 40/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, BayWa Aktiengesellschaft generated revenue of €19.7B at a net margin of -6.4%. Revenue declined 10.9% year over year. Net debt stands at €5.4B. Fundamentals as of Jul 12, 2026

Our scenario range runs from €2.58 (bear case) to €6.41 (bull case); at €2.70, 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 66% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at 73%, BYW6 screens cheaper 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 €32.31 €45.85 €61.28 80
Rev-Margin DCF €33.46 €57.48 €84.23 74
Gordon GGM €2.32 €3.88 €5.04 70
All 4 models by family
Dividend Discount
Gordon GGM €2.32 €3.88 €5.04 70
DDM Multi-Stage €2.32 €3.30 €4.14 61
Growth DCF
Growth DCF €32.31 €45.85 €61.28 80
Rev-Margin DCF €33.46 €57.48 €84.23 74

Widest divergence: Growth DCF (€45.85) versus Dividend Discount (€3.30). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €19.7B
Revenue growth (YoY) -10.9%
Net margin -6.4%
Return on equity -467%
Free cash flow €340M FY2024
Operating margin -3.7%
More key figures
EPS (TTM) €-15.53
EPS growth (YoY) -88.1%
Net debt €5.4B FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 38 · Market factors (momentum, volatility) 26

Profitability 36
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 75
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

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in Germany and internationally. The company's Renewable Energies segment is involved in the planning, managing, and construction of wind farms and solar parks; production of power; and sale of photovoltaic systems and components.

Full company description

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in Germany and internationally. The company's Renewable Energies segment is involved in the planning, managing, and construction of wind farms and solar parks; production of power; and sale of photovoltaic systems and components. Its Energy segment supplies heating oil, fuels, and lubricants; and provides wood pellets and heating solutions, as well as solutions in the fields of electromobility, liquified natural gas, and digital mobility. The Cefetra Group segment trades in grains and oilseeds, starch products, rice and legumes, and organic products. The company's Agri Trade & Service segment supplies seeds, fertilizers, crop protection products, and feedstuffs and products for livestock farming; and collects and markets agricultural products, such as grains, oilseeds, and hops. Its Agricultural Equipment segment sells machinery, equipment, and systems for agriculture, forestry, and the public sector, as well as new and used machinery; and provides maintenance and repair service, including spare parts. The Global Produce segment sells dessert pome fruits for the food retail sector. The company's Building Materials segment trades in building materials for construction companies, trades, commercial enterprises, and municipalities, as well as private developers and homeowners. Its Innovation & Digitalisation segment develops and markets NEXT Farming PRO and NEXT Farming LIVE software solutions, as well as offers hardware components. BayWa Aktiengesellschaft was founded in 1923 and is headquartered in Munich, Germany.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

BayWa Aktiengesellschaft reported revenue of €21.6B in FY2024 versus €16.5B in FY2020, a compound +7.0%/yr. Reported net income was −€1.2B in FY2024.

Growth Quality 26/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€21.6B
Latest YoY
−10.0%
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.
+2.9%
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.
+4.8%
Avg. growth/yr (22Y) 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.
+6.5%
Revenue +7.0%/yr
FY20 €16.5B
FY21 €19.8B
FY22 €27.1B
FY23 €24.0B
FY24 €21.6B
Net income
FY20 €35.9M
FY21 €70.7M
FY22 €168M
FY23 −€98.1M
FY24 −€1.2B

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Cite: Fair Value Calculator (2026). "BayWa Aktiengesellschaft Fair Value". https://www.fairvalue-calculator.com/stock/BYW6

Peer Group

Conglomerates · 369 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 40 · Bottom 25%
Fair Value upside +73% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -11% · Bottom 25%

Valuation Multiples vs Conglomerates median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.6× · 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.

VALUE 100 · sector 20
FUTURE 0 · sector 16
PAST 0 · sector 20
HEALTH 100 · sector 88
DIVIDEND 0 · sector 39

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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.

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Frequently asked questions

Is BayWa Aktiengesellschaft (BYW6) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €4.66 versus a price of €2.70, about +73% (undervalued).
What is the fair value of BYW6?
Our model-based fair value for BayWa Aktiengesellschaft is €4.66 (as of Jul 12, 2026), built from audited fundamentals. The current price is €2.70.
What is the quality score of BYW6?
BayWa Aktiengesellschaft has a Quality Score of 40/100. 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 BayWa Aktiengesellschaft (BYW6)?
BayWa Aktiengesellschaft reported trailing-twelve-month revenue of about €19.7B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of BYW6?
The net profit margin of BayWa Aktiengesellschaft is about -6.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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