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Dimand S.A (DIMAND) Fair Value & Analysis

Real Estate · GR · Market cap €236M

DS Dimand S.A DIMAND · AT
Price€12.90
Fair Value€20.92
Upside+62.2%
Quality45/100
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Expensive Growth
Highly profitable · 56.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/11)
Moderate moat 47/100
Evidence: Medium Range €15.69 – €26.15 Share as image

Fair value as of: Jul 26, 2026

From 7 valuation models · updated 15 days ago

Share price −0.8% over the past month.

Below-average quality, screening 62% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€15.69). The market is more pessimistic than our downside scenario.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (4 years)

€15.05 €7.82 Fair Value €20.92 Jul 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

49‑month range €7.82 – €15.05 · fair‑value band €15.69 – €26.15 · the €12.90 price screens below the €20.92 fair value. Dashed = 300-day average. As of Jul 26, 2026.

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Analysis

Dimand S.A (DIMAND) currently trades at €12.90, while our model-based Fair Value estimate is €20.92, implying the stock looks roughly 62.2% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate 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, Dimand S.A generated revenue of €59.9M at a net margin of 56.6%. Revenue grew 174.9% year over year. It earns a return on equity of 16.6%. Net debt stands at €43.8M. Fundamentals as of Jul 26, 2026

Our scenario range runs from €15.69 (bear case) to €26.15 (bull case); at €12.90, 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 4% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 62%, DIMAND 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
Residual Income €10.32 €12.64 €26.77 61
P/S Multiple €15.69 €20.92 €26.15 58
P/B Multiple €16.62 €22.16 €27.71 55
All 7 models by family
Multiples
P/S Multiple €15.69 €20.92 €26.15 58
P/B Multiple €16.62 €22.16 €27.71 55
EV/EBIT €1.25 €1.95 €2.65 53
EV/EBITDA €1.27 €1.98 €2.69 54
EV/Revenue €0.3100 €0.8000 €1.30 43
Asset-Based
NCAV (Graham) €5.54 €7.43 €11.08 50
Economic Profit
Residual Income €10.32 €12.64 €26.77 61

Widest divergence: Economic Profit (€12.64) versus Multiples (€1.98). Highest evidence: Residual Income (61).

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Key figures & financial health

Revenue (TTM) €59.9M
Revenue growth (YoY) +175%
Net margin 56.6%
Return on equity 16.6%
Free cash flow −€19.0M FY2025
P/E ratio 7.0
More key figures
Operating margin -2.3%
EPS (TTM) €1.82
EPS growth (YoY) -3.1%
Net debt €43.8M FY2025

Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 70

Profitability 47
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 78
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

Dimand S.A. develops and sells real estate properties in Greece. It develops offices, residences, hotels, tourist complexes, warehouses/logistics centers, and mixed-use urban regeneration projects. The company also provides project and construction management, retail expansion management, technical advisory, and facility management services. Dimand S.A.

Full company description

Dimand S.A. develops and sells real estate properties in Greece. It develops offices, residences, hotels, tourist complexes, warehouses/logistics centers, and mixed-use urban regeneration projects. The company also provides project and construction management, retail expansion management, technical advisory, and facility management services. Dimand S.A. was founded in 2002 and is based in Maroussi, Greece.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dimand S.A reported revenue of €59.9M in FY2025 versus €6.9M in FY2021, a compound +71.9%/yr. Reported net income was €33.9M in FY2025, compounding +58.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€59.9M
Latest YoY
+110.6%
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.
+78.0%
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.
+50.2%
Revenue +71.9%/yr
FY21 €6.9M
FY22 €10.6M
FY23 €9.4M
FY24 €28.4M
FY25 €59.9M
Net income +58.9%/yr
FY21 €5.3M
FY22 −€7.8M
FY23 €13.2M
FY24 €37.0M
FY25 €33.9M

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Cite: Fair Value Calculator (2026). "Dimand S.A Fair Value". https://www.fairvalue-calculator.com/stock/DIMAND

Peer Group

Real Estate - Development · 588 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 46 · Below median
Fair Value upside +62% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 57% · Top 25%
Operating margin (TTM) -2% · Below median
Revenue growth 175% · Top 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 7.0× · Cheaper than 75% of peers
P/B 1.32× · Pricier than 75% of peers
P/S (TTM) 4.56× · 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 100 · sector 48
FUTURE 100 · sector 0
PAST 66 · sector 10
HEALTH 84 · sector 84
DIVIDEND 0 · sector 38

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Dimand S.A (DIMAND) overvalued or undervalued?
As of Jul 26, 2026, our model estimates a fair value of €20.92 versus a price of €12.90, about +62% (undervalued).
What is the fair value of DIMAND?
Our model-based fair value for Dimand S.A is €20.92 (as of Jul 26, 2026), built from audited fundamentals. The current price is €12.90.
What is the quality score of DIMAND?
Dimand S.A has a Quality Score of 45/100. 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 Dimand S.A (DIMAND)?
Dimand S.A reported trailing-twelve-month revenue of about €59.9M (latest available figure, as of Jul 26, 2026).
What is the net profit margin of DIMAND?
The net profit margin of Dimand S.A is about 56.6%, meaning it keeps roughly 56.6% 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.

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