EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

DF Deutsche Forfait AG (DFTK) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of DF Deutsche Forfait AG €2.36, price €1.62, upside +46.1%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Financial Services · DE · ISIN DE000A2AA204

DD Thin data Sep 23, 2026

DF Deutsche Forfait AG

DFTK · XETRA

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value €2.36 · Undervalued (+46%)
!Quality 37/100
!Mixed Growth (revenue YoY +7.9 %/yr)
!Loss-making · -16.8% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (3/12)
!Narrow moat 15/100
!Evidence only low, so the estimate is less certain
Watch DF Deutsche Forfait AG for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

€8.15 €0.9550 Fair Value €2.36 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range €0.9550 – €8.15 · fair‑value band €1.93 – €3.02 · the €1.62 price screens below the €2.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

Follow DF Deutsche Forfait in your weekly email

Every Wednesday you see whether DF Deutsche Forfait is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

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

Company profile

DF Deutsche Forfait AG, provides foreign trade finance and related services for exporters, importers, and other financial companies in Iran, Europe, Germany, and the Czech Republic. It operates through three segments: Trade Finance, Food and Beverage, and Health and Pharma.

Show more

DF Deutsche Forfait AG, provides foreign trade finance and related services for exporters, importers, and other financial companies in Iran, Europe, Germany, and the Czech Republic. It operates through three segments: Trade Finance, Food and Beverage, and Health and Pharma. The company offers agenting, consulting, and services for payments, marketing compliance services, debt collection and payment services, and factoring and forfaiting services. It also involved in the production and distribution of food and beverages in the hospitality sector; installation, management, and operation of bars and restaurants; and beer production and distribution, as well as the production and marketing of non-alcoholic beverages. In addition, the company engages in activities related to healthcare/medical and pharmaceutical industries; plasma production and processing; and logistics and distribution. Additionally, it is involved in the collection of foreign trade receivables; project financing; and purchase commitments activities. DF Deutsche Forfait AG was founded in 2000 and is headquartered in Cologne, Germany.

Stock analysis

DF Deutsche Forfait AG (DFTK) currently trades at €1.62, while our model-based Fair Value estimate is €2.36, implying the stock looks roughly 31.6% undervalued today.

Show more

Valuation

Bull case: the Growth DCF group reads highest at a median of €2.16 per share, and 3 of the 3 models we run sit above the €1.62 price.

Bear case: the Asset-Based group reads lowest at €1.63, and 0 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: €1.93 (bear) to €3.02 (bull), the price of €1.62 sits below 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 37/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

DF Deutsche Forfait AG reported revenue of €11.3M in FY2025 versus €10.0M in FY2021, a compound +3.2%/yr. Reported net income was −€2.0M in FY2025.

Key figures

Market cap €19.2M · P/S ratio 1.50 · EPS (TTM) €−0.1700 · Net margin −17.6% · Return on equity −6.7% · Return on assets (EBIT) 11.3% · Operating margin −32.2% · Revenue (TTM) €11.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).

What moves the price

The share trades about 80% below its 52-week high and 69% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at 46%, DFTK screens cheaper than that median.

Fair Value models

Bear €1.93 Fair Value €2.36 Bull €3.02
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. 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 ⓘ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.
Highest evidence
Growth DCF €1.84 €2.16 €2.61 80
Rev-Margin DCF €1.91 €2.40 €2.97 74
NCAV (Graham) €1.21 €1.63 €2.43 54
All 3 models by family
Asset-Based
NCAV (Graham) €1.21 €1.63 €2.43 54
Growth DCF
Growth DCF €1.84 €2.16 €2.61 80
Rev-Margin DCF €1.91 €2.40 €2.97 74

Open the full fair value analysis →

Notify me when DFTK reaches fair value

Put DFTK on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 37/100

Of which business quality 40 · Market factors (momentum, volatility) 32

Profitability 6
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Profit margin (trend) ⓘ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.
42.4% (2020) → 9.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less 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).
−4.4%
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 −6.5% a year for the price.

Watch DFTK, get fair value alerts →

Compare DF Deutsche Forfait AG with another stock

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

Free, no sign-up

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.Capital Markets · 458 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside +48% · Above median
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −17% · Bottom 25%
Operating margin (TTM) −32% · Bottom 25%
Growth and dividend
Revenue growth −1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.25× · Above median

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 0.75× · Cheaper than median
P/S (TTM) 1.82× · Cheaper than median
P/FCF 43.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)95 · sector 28
FUTURE (revenue growth)0 · sector 85
PAST (return on equity)0 · sector 30
HEALTH (low debt)87 · sector 94
DIVIDEND (yield)0 · sector 41

Context: sector, industry, market

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 Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $200.18 $312.73 +56%
The Goldman Sachs Group GS $949.49 $756.89 −20%
The Charles Schwab Corporation SCHW $99.50 $117.26 +18%
Interactive Brokers Group IBKR $91.88 $23.37 −75%
Robinhood Markets, Inc HOOD $122.70 $47.73 −61%
Macquarie Group MQG A$242.55 A$80.51 −67%
CITIC Securities Company 600030 ¥26.79 ¥18.35 −32%
Guotai Haitong Securities Co 601211 ¥17.67 ¥19.29 +9%
East Money Information Co 300059 ¥18.77 ¥4.94 −74%
CSC Financial Co 601066 ¥23.67 ¥39.83 +68%

Explore undervalued stocks

More undervalued Financial Services stocks →

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

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
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.

DF Deutsche Forfait AG · Fair Value
€2.36 +32%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "DF Deutsche Forfait AG Fair Value". https://www.fairvalue-calculator.com/stock/DFTK

Frequently asked questions

Is DF Deutsche Forfait AG (DFTK) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €2.36 versus a price of €1.62, about +46% upside (undervalued).
What is the fair value of DFTK?
Our model-based fair value for DF Deutsche Forfait AG is €2.36 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.62.
What is the quality score of DFTK?
DF Deutsche Forfait AG has a Quality Score of 37/100. 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 DF Deutsche Forfait AG (DFTK)?
Our model-based price target is the fair value of €2.36 (as of Sep 23, 2026) from 3 valuation models. Cautious scenario €1.93, optimistic scenario €3.02. It is a calculation from audited fundamentals, not an analyst target.
What is the DF Deutsche Forfait AG stock forecast for 2026?
Our models put fair value at €2.36, about +46% upside versus a price of €1.62 (undervalued). Cautious scenario €1.93, optimistic scenario €3.02. The calculation is refreshed regularly with new filings.
What is the revenue of DF Deutsche Forfait AG (DFTK)?
DF Deutsche Forfait AG reported trailing-twelve-month revenue of about €11.9M (latest available figure, as of Sep 23, 2026).
What growth is priced into DF Deutsche Forfait AG (DFTK)?
For today's price to be fair in a discounted-cash-flow model, DF Deutsche Forfait AG would have to grow free cash flow by -4.4 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of DFTK use?
Our models discount DF Deutsche Forfait AG at 8.4 %: a base by market capitalisation (nano), damped by beta 0.52, 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 DF Deutsche Forfait AG that is -4.4 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has DF Deutsche Forfait AG (DFTK) delivered so far?
Over the past 5 years revenue at DF Deutsche Forfait AG grew +4.9 % a year. The price currently implies -4.4 % 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 DF Deutsche Forfait AG (DFTK) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into DF Deutsche Forfait AG (-4.4 % 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 DF Deutsche Forfait AG (DFTK)?
The free-cash-flow yield on the price is 2.60 %: that much free cash flow DF Deutsche Forfait AG produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DF Deutsche Forfait AG (DFTK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DF Deutsche Forfait AG it is €2.36 per share (as of Sep 23, 2026), against a price of €1.62. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is DF Deutsche Forfait AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, DFTK trades below its calculated fair value: price €1.62, fair value €2.36, a gap of about +46% (undervalued). 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 DFTK?
No. The price is what the market pays today (€1.62); the fair value is what the company's own numbers justify (€2.36). For DF Deutsche Forfait AG the two are €0.7450 per share apart. That gap is exactly why we show both numbers side by side.
How much is DF Deutsche Forfait AG worth?
The market values DF Deutsche Forfait AG at about €19.2M (market capitalisation, as of Sep 23, 2026). Per share that is €1.62; our models calculate a fair value of €2.36 per share.
What do the bullish and bearish scenarios say about DFTK?
Our models span a range for DF Deutsche Forfait AG: cautious scenario €1.93, base €2.36, optimistic €3.02 per share (as of Sep 23, 2026, price €1.62). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DF Deutsche Forfait AG (DFTK)?
Balance-sheet figures for DF Deutsche Forfait AG (as of Sep 23, 2026): return on equity −6.7%, debt of 0.25 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is DFTK from its 52-week high?
DF Deutsche Forfait AG trades at €1.62, about 80% below its 52-week high of €8.15 and 69% above the low of €0.9550 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €2.36 is for.
Which stocks are comparable to DF Deutsche Forfait AG?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 DF Deutsche Forfait AG stock attractive at the current price?
The data as of Sep 23, 2026: price €1.62, calculated fair value €2.36 (+46%), Quality Score 37/100, from 3 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 DFTK calculated?
We run DF Deutsche Forfait AG through 3 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 €2.36, 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 13.0 % above its aggregate fair value. DF Deutsche Forfait AG currently trades 46 % below its own fair value, and the market average says nothing about that. 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 DF Deutsche Forfait AG (DFTK)?
The closing price on Sep 24, 2026 was €1.62. Our model-based fair value is €2.36, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DF Deutsche Forfait AG right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€1.93). 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of DF Deutsche Forfait AG

How large is the market capitalisation of DF Deutsche Forfait AG (DFTK)?
The market capitalisation of DF Deutsche Forfait AG is €19.2M. 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 DF Deutsche Forfait AG (DFTK)?
The price-to-sales ratio of DF Deutsche Forfait AG is 1.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DF Deutsche Forfait AG (DFTK)?
Earnings per share at DF Deutsche Forfait AG are €−0.1700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DF Deutsche Forfait AG (DFTK)?
The net margin of DF Deutsche Forfait AG is −17.6% (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 DF Deutsche Forfait AG (DFTK)?
The return on equity (ROE) of DF Deutsche Forfait AG is −6.7% (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 DF Deutsche Forfait AG (DFTK)?
On an EBIT basis the return on assets of DF Deutsche Forfait AG is 11.3% (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 DF Deutsche Forfait AG (DFTK)?
The operating margin of DF Deutsche Forfait AG is −32.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DF Deutsche Forfait AG (DFTK)?
Revenue at DF Deutsche Forfait AG is growing −1.4% versus a year earlier (3y avg +0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DF Deutsche Forfait AG (DFTK)?
Earnings per share at DF Deutsche Forfait AG are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does DF Deutsche Forfait AG (DFTK) hold?
DF Deutsche Forfait AG holds more cash than debt, €11.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch DF Deutsche Forfait AG in the live analysis

One click puts DF Deutsche Forfait AG on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.