DF Deutsche Forfait AG (DFTK) Fair Value & Analysis

Financial Services · DE · Market cap €17.8M

Below-average quality, screening 46% undervalued on our models.

What matters 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 (€1.87). The market is more pessimistic than our downside scenario.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €0.9550 – €8.15 · fair‑value band €1.87 – €3.02 · the €1.62 price screens below the €2.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

DF Deutsche Forfait AG (DFTK) currently trades at €1.62, while our model-based Fair Value estimate is €2.37, implying the stock looks roughly 46.3% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Financial Services 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, DF Deutsche Forfait AG generated revenue of €11.9M at a net margin of -16.8%. Revenue declined 1.4% year over year. It earns a return on equity of -6.7%. The balance sheet holds a net cash position of €11.0M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €1.87 (bear case) to €3.02 (bull case); at €1.62, 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. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 46%, DFTK 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.

Widest divergence: Asset-Based (€1.63) versus Asset-Based (€1.63). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

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Peer Group

Capital Markets · 423 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.

Valuation Multiples vs Capital Markets median · lower = cheaper

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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.