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DAM Fair Value & Analysis

Technology · DE · Market cap €100M

D DAM DAM · XETRA
Price€27.80
Fair Value€20.96
Upside-24.6%
Quality48/100
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Mixed Growth
Loss-making · -1.2% net margin
Low debt · negative free cash flow
0.88% dividend yield
Trails peers (4/12)
Narrow moat 29/100
Evidence: Low Range €15.54 – €26.37 Share as image

Fair value as of: Jul 14, 2026

From 5 valuation models · updated 27 days ago

Share price −1.4% over the past month.

Below-average quality, and screening another 25% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€26.37). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

€66.54 €20.61 Fair Value €20.96 Oct 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €20.61 – €66.54 · fair‑value band €15.54 – €26.37 · the €27.80 price screens above the €20.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

DAM (DAM) currently trades at €27.80, while our model-based Fair Value estimate is €20.96, implying the stock looks roughly 24.6% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, DAM generated revenue of €211M at a net margin of -1.2%. Revenue declined 3.9% year over year. It earns a return on equity of -1.7%. Net debt stands at €2.5M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €15.54 (bear case) to €26.37 (bull case); at €27.80, the current price sits above 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 10% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -25%, DAM 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
Gordon GGM €0.8400 €1.08 €1.29 70
DDM Multi-Stage €0.8400 €1.07 €1.30 61
EV/EBITDA €19.08 €24.50 €29.92 54
All 5 models by family
DCF Models
Owner Earnings €7.80 €9.08 €10.72 31
Dividend Discount
Gordon GGM €0.8400 €1.08 €1.29 70
DDM Multi-Stage €0.8400 €1.07 €1.30 61
Multiples
EV/EBITDA €19.08 €24.50 €29.92 54
Asset-Based
NCAV (Graham) €20.58 €27.58 €41.16 50

Widest divergence: Asset-Based (€27.58) versus Dividend Discount (€1.07). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) €211M
Revenue growth (YoY) -3.9%
Net margin -1.2%
Return on equity -1.7%
Free cash flow −€4.8M FY2025
Operating margin 0.7%
More key figures
EPS (TTM) €-0.7000
Dividend yield 0.8%
EPS growth (YoY) +292%
Net debt €2.5M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 62

Profitability 25
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 64
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

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen, together with its subsidiaries, manufactures and distributes flatbed displays, monitors, electronic subassemblies, and information systems in Germany and internationally. It operates in two segments, Displays and Systems.

Full company description

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen, together with its subsidiaries, manufactures and distributes flatbed displays, monitors, electronic subassemblies, and information systems in Germany and internationally. It operates in two segments, Displays and Systems. The company offers hardware components, including optical and structural bonding; custom, TFT, Mip, e-paper, passive, miniLED, and OLED displays, as well as LED solutions; touch solutions, such as easyTOUCH starter kit, PCAP products, custom touch sensors and tails, and software and tuning; electronics comprising eMotion LCD controller boards, single board computers, and computer-on-modules; peripherals, which include core components, encoders and operating elements, cables, power supply, colling solutions, display and monitor accessories, and other products; cover glass; digital signage products; and monitors and panel PCs. It also provides software solutions, such as operating systems; application software comprising easyANALYZER and maXcs software suite; cyber security; cloud services; and AI and ML solutions, which consists of machine vision systems, integrated solutions, and embedded AI platforms. In addition, the company offers various services, including design-in; research and development, such as electronics design, mechanical and system engineering, process development, software, mock-up and prototyping, and proof-of-concept; qualification, testing, documentation, and compliance; manufacturing; logistics and corporate; and life management. Further, it sells easyPanel and easyEmbedded solutions. The company serves industrial automation, mobility, smart building and white goods, medical and healthcare, entertainment, and smart retail and signage markets. The company was founded in 1972 and is headquartered in Munich, Germany. DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen operates as a subsidiary of Arrow Electronics, Inc.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DAM reported revenue of €213M in FY2025 versus €195M in FY2021, a compound +2.2%/yr. Reported net income was −€4.6M in FY2025.

Growth Quality 2/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€213M
Latest YoY
−5.9%
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.
−8.3%
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.
+2.1%
Avg. growth/yr (21Y) 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.
+1.3%
Revenue +2.2%/yr
FY21 €195M
FY22 €276M
FY23 €283M
FY24 €226M
FY25 €213M
Net income
FY21 €7.9M
FY22 €18.4M
FY23 €14.5M
FY24 €5.6M
FY25 −€4.6M
Character of growth · EPS growth decomposed (2014-2025) +1.4 % p.a.
Revenue per share +4.1 pp

of which total revenue +4.3 pp · buybacks/dilution −0.2 pp

EBIT margin −2.7 pp
Tax rate +0.2 pp
Residual (interest, one-offs) −0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

DAM screens 25% overvalued. Compare with Delta Electronics, Inc →

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

Peer Group

Electronic Components · 625 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 48 · Below median
Fair Value upside −25% · Above median
Return on assets -1% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -4% · Below median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.80× · Cheaper than 75% of peers
P/S (TTM) 0.55× · Cheaper than median
EV/EBITDA 25.9× · Pricier 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 1 · sector 0
FUTURE 0 · sector 32
PAST 0 · sector 24
HEALTH 99 · sector 95
DIVIDEND 18 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is DAM overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €20.96 versus a price of €27.80, about −25% (overvalued).
What is the fair value of DAM?
Our model-based fair value for DAM is €20.96 (as of Jul 14, 2026), built from audited fundamentals. The current price is €27.80.
What is the quality score of DAM?
DAM has a Quality Score of 48/100. 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 DAM?
DAM reported trailing-twelve-month revenue of about €211M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of DAM?
The net profit margin of DAM is about -1.2%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does DAM pay a dividend?
DAM currently shows a dividend yield of about 0.83% relative to its recent price (as of Jul 14, 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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