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UET United Electronic Technology AG (CFC) Fair Value & Analysis

Technology · DE · Market cap €8.9M · ISIN DE000A0LBKW6

What is UET United Electronic Technology AG really worth?

UU UET United Electronic Technology AG CFC · XETRA
Price€0.4000
Fair Value€1.20
Upside+200.0%
Quality33/100

Below-average quality, trading 67% below our fair value of €1.20.

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Risks

!Weak Growth (revenue 5y +0.6 %/yr)
!Loss-making · -30.3% net margin
!High debt · generates free cash flow
!Trails peers (2/9)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range €0.8417 – €1.56

Fair value as of: Aug 19, 2026

From 7 valuation models · updated 16 days ago

Fair value updated Aug 19, 2026, revised from €1.44 to €1.20 (−16.7%) since Aug 13, 2026. Share price −25.9% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€0.8417). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€0.8417 to €1.56) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€1.92 €0.4000 Fair Value €1.20 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range €0.4000 – €1.92 · fair‑value band €0.8417 – €1.56 · the €0.4000 price screens below the €1.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

UET United Electronic Technology AG (CFC) currently trades at €0.4000, while our model-based Fair Value estimate is €1.20, implying the stock looks roughly 66.7% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of €1.44 per share, and 6 of the 7 models we run sit above the €0.4000 price. Bear case: the Growth DCF group reads lowest at €1.02, and 1 of the 7 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, UET United Electronic Technology AG generated revenue of €37.3M at a net margin of −30.3%. Revenue declined 35.2% year over year. Fundamentals as of Aug 19, 2026

Our scenario range runs from €0.8417 (bear case) to €1.56 (bull case); at €0.4000, the current price sits below 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 60% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at 200%, CFC screens cheaper than that median.

Fair Value models

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
FCF DCF best evidence €0.8000 €1.01 €1.34 82
Growth DCF €0.8200 €1.02 €1.30 80
5Y Revenue Exit €0.8700 €1.24 €1.79 73
All 7 models by family
DCF Models
FCF DCF best evidence €0.8000 €1.01 €1.34 82
5Y Revenue Exit €0.8700 €1.24 €1.79 73
10Y Revenue Exit €0.8100 €1.06 €1.32 68
Multiples
EV/Revenue €1.01 €1.44 €1.87 53
Asset-Based
NCAV (Graham) €0.0100 €0.0100 52
Growth DCF
Growth DCF €0.8200 €1.02 €1.30 80
Rev-Margin DCF €0.8700 €1.27 €1.76 73

Widest divergence: Multiples (€1.44) versus Asset-Based (€0.0100). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.25 TTM
EPS (TTM) €−0.6900
Net margin −17.7% FY2024
Return on equity −7,742% TTM
Return on assets (EBIT) 4.8% avg 5y
Operating margin −13.9% TTM
More key figures
Growth
Revenue (TTM) €37.3M TTM
Revenue growth (YoY) −35.2% 3y avg +4.7%
EPS growth (YoY) +434%
Balance sheet & cash flow
Free cash flow €1.8M FY2024
Net cash €105K FY2024

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 32 · Market factors (momentum, volatility) 21

Profitability 28
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 38
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

aconnic AG provides telecommunication system solutions in Germany and internationally. It offers gigabit systems, remote powering systems, virtualized networks, Whitebox communication modules, industrial ethernet products, and network management product lines.

Full company description

aconnic AG provides telecommunication system solutions in Germany and internationally. It offers gigabit systems, remote powering systems, virtualized networks, Whitebox communication modules, industrial ethernet products, and network management product lines. The company also provides iSphir that delivers intelligent IT/OT security for critical infrastructure; qSphir, which secures national and critical infrastructures with quantum-safe technology; and subscription solutions under the Connamic name. In addition, it offers private 5G networks, network disaggregation, gigabit access and backhaul networks, and energy powering for FTTx networks and mobile 5G cells, as well as network management, engineering and supply, RF embedded engineering, and carbon capturing and bio-energy solutions. Further, the company provides professional services, such as service desk, monitoring, installation, troubleshooting, and storage and logistics support; project management and consulting; and connectivity and aggregation, software defined defense, network security and quantum protection, enterprise networking, software defined adaptive growth, GPON and XGS-PON SFP, utility network, critical infrastructure, and SHDSL network lifecycle extension solutions. The company was formerly known as UET United Electronic Technology AG and changed its name to aconnic AG in March 2024. aconnic AG was incorporated in 2003 and is headquartered in Munich, Germany.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

UET United Electronic Technology AG reported revenue of €48.0M in FY2024 versus €30.2M in FY2020, a compound +12.3%/yr. Reported net income was −€8.5M in FY2024.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
€48.0M
Latest YoY
−34.1%
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.
+4.7%
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.
+0.6%
Avg. revenue growth/yr (18Y) 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.
+7.2%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Revenue +12.3%/yr
FY20 €30.2M
FY21 €41.7M
FY22 €49.0M
FY23 €72.7M
FY24 €48.0M
Net income
FY20 −€3.0M
FY21 €18.3K
FY22 −€1.2M
FY23 −€1.2M
FY24 −€8.5M

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Cite: Fair Value Calculator (2026). "UET United Electronic Technology AG Fair Value". https://www.fairvalue-calculator.com/stock/CFC

Peer Group

Communication Equipment · 302 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 33 · Bottom 25%
Fair Value upside +200% · Top 25%
Return on assets −12% · Bottom 25%
Net margin (TTM) −30% · Bottom 25%
Operating margin (TTM) −14% · Bottom 25%
Revenue growth −35% · Bottom 25%
Debt / equity 6.33× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 5.8× · Pricier than median

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
VALUE100 · sector 0
FUTURE0 · sector 39
PAST0 · sector 15
HEALTH0 · sector 98
DIVIDEND0 · sector 22

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $112.15 $61.53 −45%
Zhongji Innolight Co 300308 ¥866.12 ¥171.09 −80%
Foxconn Industrial Internet Co 601138 ¥61.83 ¥28.65 −54%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 −59%
Nokia Oyj NOK $10.21 $3.78 −63%
Motorola Solutions, Inc MSI $491.24 $236.33 −52%
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥400.03 ¥201.38 −50%
Suzhou TFC Optical Communication Co 300394 ¥276.25 ¥43.67 −84%
Telefonaktiebolaget LM Ericsson (publ), ERIC $10.13 $19.85 +96%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD −50%

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Frequently asked questions

Is UET United Electronic Technology AG (CFC) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of €1.20 versus a price of €0.4000, about +200% upside (undervalued).
What is the fair value of CFC?
Our model-based fair value for UET United Electronic Technology AG is €1.20 (as of Aug 19, 2026), built from audited fundamentals. The current price: €0.4000.
What is the quality score of CFC?
UET United Electronic Technology AG has a Quality Score of 33/100. 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 UET United Electronic Technology AG (CFC)?
UET United Electronic Technology AG reported trailing-twelve-month revenue of about €37.3M (latest available figure, as of Aug 19, 2026).
What is the net profit margin of CFC?
The net profit margin of UET United Electronic Technology AG is about −30.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
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