EN DE

Desarrollos Especiales de Sistemas de Anclaje, S.A (DESA) Fair Value & Analysis

Industrials · ES · Market cap €39.5M

DE Desarrollos Especiales de Sistemas de Anclaje, S.A DESA · MC
Price€24.20
Fair Value€23.97
Upside-1.0%
Quality67/100
Watch Desarrollos Especiales de Sistemas de Anclaje, S.A for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 8.2% net margin
Low debt · negative free cash flow
Ranks above peers (10/14)
Moderate moat 54/100
Evidence: Medium Range €20.27 – €46.66 Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 19 days ago

Share price −0.8% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€20.27 to €46.66) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€25.00 €6.53 Fair Value €23.97 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €6.53 – €25.00 · fair‑value band €20.27 – €46.66 · the €24.20 price screens above the €23.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

Desarrollos Especiales de Sistemas de Anclaje, S.A (DESA) currently trades at €24.20, while our model-based Fair Value estimate is €23.97, implying the stock looks roughly 1.0% fairly valued today. We read business quality at 67/100 (solid quality), in the Industrials 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: medium).

Over the trailing twelve months, Desarrollos Especiales de Sistemas de Anclaje, S.A generated revenue of €48.6M at a net margin of 8.1%. Revenue grew 3.3% year over year. It earns a return on equity of 17.8%. Net debt stands at €7.1M. Fundamentals as of Jul 17, 2026

Our scenario range runs from €20.27 (bear case) to €46.66 (bull case); at €24.20, the current price sits within that range. The share trades near its 52-week high and 71% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -1%, DESA 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 BearBaseBull Evidence
Highest evidence
Residual Income €12.00 €15.02 €32.74 76
ROIC Compounder €14.17 €16.13 €18.03 72
Growth-Adj P/E €23.23 €33.18 €43.14 68
All 13 models by family
DCF Models
Owner Earnings €15.89 €19.88 €26.55 31
Earnings-Based
Graham-Dodd €14.88 €20.03 €23.16 54
EPV €14.15 €15.87 €17.27 59
Multiples
P/E Multiple €32.83 €43.78 €54.72 63
P/S Multiple €27.91 €37.21 €46.51 58
P/B Multiple €27.91 €37.21 €46.51 55
EV/EBIT €34.13 €45.58 €57.02 53
EV/EBITDA €30.19 €40.33 €50.46 54
EV/Revenue €22.94 €32.86 €42.78 43
Asset-Based
NCAV (Graham) €6.30 €8.44 €12.60 50
Economic Profit
Residual Income €12.00 €15.02 €32.74 76
ROIC Compounder €14.17 €16.13 €18.03 72
Growth Earnings
Growth-Adj P/E €23.23 €33.18 €43.14 68

Widest divergence: Multiples (€37.21) versus Asset-Based (€8.44). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €48.7M
Revenue growth (YoY) -2.1%
Net margin 8.2%
Return on equity 18.7%
Free cash flow −€151K FY2025
P/E ratio 10.1
More key figures
Operating margin 11.6%
EPS (TTM) €2.19
EPS growth (YoY) +3.2%
Net debt €7.1M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 58 · Market factors (momentum, volatility) 75

Profitability 68
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 85
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

Desarrollos Especiales de Sistemas de Anclaje, S.A. manufactures and sells anchors and fixings in Spain and internationally. It offers metallic and chemical anchors; plastic fasteners; foams and applicator guns, putties, MS polymer, silicones, adhesives, and guns, PVC adhesives, and butyl belts; and rivets.

Full company description

Desarrollos Especiales de Sistemas de Anclaje, S.A. manufactures and sells anchors and fixings in Spain and internationally. It offers metallic and chemical anchors; plastic fasteners; foams and applicator guns, putties, MS polymer, silicones, adhesives, and guns, PVC adhesives, and butyl belts; and rivets. The company also offers screws, metric thread screws, and threaded eyelets and hooks; flanges, clamps and tapes, suspension and restraint, rails and accessories, radiators and WC mounts, ribbons and weather strips, and trapdoors. In addition, it provides tools and consumables, and agricultural pruning equipment. The company's products are used for industrial, construction, and agricultural sectors. It offers its products under the Desa, Construsim, Simes, Agrifast, and Salki brand names. Desarrollos Especiales de Sistemas de Anclaje, S.A. was founded in 1950 and is based in Barcelona, Spain.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Desarrollos Especiales de Sistemas de Anclaje, S.A reported revenue of €49.0M in FY2025 versus €48.1M in FY2021, a compound +0.4%/yr. Reported net income was €3.9M in FY2025, compounding +0.9%/yr from FY2021.

Growth Quality 27/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€49.0M
Latest YoY
+2.2%
Avg. growth/yr (3Y)
−1.0%
Revenue +0.4%/yr
FY21 €48.1M
FY22 €50.4M
FY23 €47.7M
FY24 €47.9M
FY25 €49.0M
Net income +0.9%/yr
FY21 €3.8M
FY22 €2.8M
FY23 €2.1M
FY24 €2.4M
FY25 €3.9M

Watch DESA: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Desarrollos Especiales de Sistemas de Anclaje, S.A Fair Value". https://www.fairvalue-calculator.com/stock/DESA.MC

Peer Group

Tools & Accessories · 120 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 67 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth -2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 2.03× · Pricier than median
P/S (TTM) 0.94× · Cheaper than median
EV/EBITDA 8.8× · Cheaper than median
PEG 136.31× · Pricier than 75% of peers

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 32 · sector 5
FUTURE 0 · sector 13
PAST 75 · sector 28
HEALTH 98 · sector 96
DIVIDEND 0 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

Compare Desarrollos Especiales de Sistemas de Anclaje, S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Desarrollos Especiales de Sistemas de Anclaje, S.A (DESA) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €23.97 versus a price of €24.20, about −1% (fairly valued).
What is the fair value of DESA?
Our model-based fair value for Desarrollos Especiales de Sistemas de Anclaje, S.A is €23.97 (as of Jul 17, 2026), built from audited fundamentals. The current price is €24.20.
What is the quality score of DESA?
Desarrollos Especiales de Sistemas de Anclaje, S.A has a Quality Score of 67/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Desarrollos Especiales de Sistemas de Anclaje, S.A (DESA)?
Desarrollos Especiales de Sistemas de Anclaje, S.A reported trailing-twelve-month revenue of about €48.6M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of DESA?
The net profit margin of Desarrollos Especiales de Sistemas de Anclaje, S.A is about 8.1%, meaning it keeps roughly 8.1% of revenue as net income. 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.

14 days Pro free · no card

Track Desarrollos Especiales de Sistemas de Anclaje, S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.