Demire Deutsche Mittelstand Real Estate AG (DMRE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Demire Deutsche Mittelstand Real Estate AG €0.32, price €0.38, upside -14.9%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 €0.2820 – €4.41 · fair‑value band €0.1023 – €0.6932 · the €0.3800 price screens above the €0.3235 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany. It operates through Core Portfolio and Fair Value REIT segments. The company's property portfolio includes office, retail, hotel, and logistic properties.
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DEMIRE Deutsche Mittelstand Real Estate AG engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany. It operates through Core Portfolio and Fair Value REIT segments. The company's property portfolio includes office, retail, hotel, and logistic properties. It also engages in the real estate investment activities. The company was formerly known as MAGNAT Real Estate AG and changed its name to DEMIRE Deutsche Mittelstand Real Estate AG in June 2013. DEMIRE Deutsche Mittelstand Real Estate AG was founded in 2006 and is headquartered in Langen, Germany. DEMIRE Deutsche Mittelstand Real Estate AG is a subsidiary of AEPF III 15 S.à r.l.
Stock analysis
Demire Deutsche Mittelstand Real Estate AG (DMRE) currently trades at €0.3800, while our model-based Fair Value estimate is €0.3235, implying the stock looks roughly 17.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €1.68 per share, and 4 of the 4 models we run sit above the €0.3800 price.
Bear case: the Asset-Based group reads lowest at €0.8200, and 0 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: €0.1023 (bear) to €0.6932 (bull), the price of €0.3800 sits inside 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 32/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Demire Deutsche Mittelstand Real Estate AG reported revenue of €118M in FY2025 versus €207M in FY2021, a compound −13.0%/yr. Reported net income was −€88.5M in FY2025.
Key figures
Market cap €41.0M · P/S ratio 0.42 · EPS (TTM) €−0.7700 · Net margin −74.9% · Return on equity −44.2% · Return on assets (EBIT) 0.9% · Operating margin 7.5% · Revenue (TTM) €97.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −15%, DMRE screens cheaper than that median.
Fair Value models
Bear €0.1023Fair Value €0.3235Bull €0.6932
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.
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.9/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−38.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−9.8%
Start year 2020 (pandemic). Over 10 years: +10.0% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+34.6%
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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.
100.8% (2019) → −13.0% (2024)
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
A lot of optimism in the price
The price assumes more 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).
+71.1%
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 +67.5% a year for the price.
Compare Demire Deutsche Mittelstand Real Estate AG with another stock
Price, fair value, quality and upside side by side.
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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.Real Estate Services · 546 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−15% · Below median
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−84% · Bottom 25%
Operating margin (TTM)7% · Below median
Growth and dividend
Revenue growth158% · Top 25%
Balance sheet
Debt / equity3.32× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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). "Demire Deutsche Mittelstand Real Estate AG Fair Value". https://www.fairvalue-calculator.com/stock/DMRE
Frequently asked questions
Is Demire Deutsche Mittelstand Real Estate AG (DMRE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.3235 versus a price of €0.3800, about −15% upside (overvalued).
What is the fair value of DMRE?
Our model-based fair value for Demire Deutsche Mittelstand Real Estate AG is €0.3235 (as of Sep 23, 2026), built from audited fundamentals. The current price: €0.3800.
What is the quality score of DMRE?
Demire Deutsche Mittelstand Real Estate AG has a Quality Score of 32/100. 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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Our model-based price target is the fair value of €0.3235 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario €0.1023, optimistic scenario €0.6932. It is a calculation from audited fundamentals, not an analyst target.
What is the Demire Deutsche Mittelstand Real Estate AG stock forecast for 2026?
Our models put fair value at €0.3235, about −15% upside versus a price of €0.3800 (overvalued). Cautious scenario €0.1023, optimistic scenario €0.6932. The calculation is refreshed regularly with new filings.
What is the revenue of Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Demire Deutsche Mittelstand Real Estate AG reported trailing-twelve-month revenue of about €97.0M (latest available figure, as of Sep 23, 2026).
What growth is priced into Demire Deutsche Mittelstand Real Estate AG (DMRE)?
For today's price to be fair in a discounted-cash-flow model, Demire Deutsche Mittelstand Real Estate AG would have to grow free cash flow by +71.1 % 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 -9.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of DMRE use?
Our models discount Demire Deutsche Mittelstand Real Estate AG at 8.4 %: a base by market capitalisation (nano), damped by beta 0.55, 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 Demire Deutsche Mittelstand Real Estate AG that is +71.1 % 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 Demire Deutsche Mittelstand Real Estate AG (DMRE) delivered so far?
Over the past 5 years revenue at Demire Deutsche Mittelstand Real Estate AG grew -9.8 % a year. The price currently implies +71.1 % 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 Demire Deutsche Mittelstand Real Estate AG (DMRE) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Demire Deutsche Mittelstand Real Estate AG (+71.1 % 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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The free-cash-flow yield on the price is 2.47 %: that much free cash flow Demire Deutsche Mittelstand Real Estate 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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Demire Deutsche Mittelstand Real Estate AG it is €0.3235 per share (as of Sep 23, 2026), against a price of €0.3800. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Demire Deutsche Mittelstand Real Estate AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, DMRE trades above its calculated fair value: price €0.3800, fair value €0.3235, a gap of about −15% (overvalued). 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 DMRE?
No. The price is what the market pays today (€0.3800); the fair value is what the company's own numbers justify (€0.3235). For Demire Deutsche Mittelstand Real Estate AG the two are €0.0565 per share apart. That gap is exactly why we show both numbers side by side.
How much is Demire Deutsche Mittelstand Real Estate AG worth?
The market values Demire Deutsche Mittelstand Real Estate AG at about €41.0M (market capitalisation, as of Sep 23, 2026). Per share that is €0.3800; our models calculate a fair value of €0.3235 per share.
What do the bullish and bearish scenarios say about DMRE?
Our models span a range for Demire Deutsche Mittelstand Real Estate AG: cautious scenario €0.1023, base €0.3235, optimistic €0.6932 per share (as of Sep 23, 2026, price €0.3800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Balance-sheet figures for Demire Deutsche Mittelstand Real Estate AG (as of Sep 23, 2026): return on equity −44.2%, debt of 3.32 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is DMRE from its 52-week high?
Demire Deutsche Mittelstand Real Estate AG trades at €0.3800, about 42% below its 52-week high of €0.6600 and 35% above the low of €0.2820 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €0.3235 is for.
Which stocks are comparable to Demire Deutsche Mittelstand Real Estate AG?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Demire Deutsche Mittelstand Real Estate AG stock attractive at the current price?
The data as of Sep 23, 2026: price €0.3800, calculated fair value €0.3235 (−15%), Quality Score 32/100, from 4 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 DMRE calculated?
We run Demire Deutsche Mittelstand Real Estate AG through 4 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 €0.3235, 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 14.1 % above its aggregate fair value. Demire Deutsche Mittelstand Real Estate AG itself currently trades above fair value. 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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The closing price on Sep 23, 2026 was €0.3800. Our model-based fair value is €0.3235, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Demire Deutsche Mittelstand Real Estate AG right now?
The model range is unusually wide (€0.1023 to €0.6932). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Demire Deutsche Mittelstand Real Estate AG
How large is the market capitalisation of Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The market capitalisation of Demire Deutsche Mittelstand Real Estate AG is €41.0M. 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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The price-to-sales ratio of Demire Deutsche Mittelstand Real Estate AG is 0.42 (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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Earnings per share at Demire Deutsche Mittelstand Real Estate AG are €−0.7700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The net margin of Demire Deutsche Mittelstand Real Estate AG is −74.9% (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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The return on equity (ROE) of Demire Deutsche Mittelstand Real Estate AG is −44.2% (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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
On an EBIT basis the return on assets of Demire Deutsche Mittelstand Real Estate AG is 0.9% (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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
The operating margin of Demire Deutsche Mittelstand Real Estate AG is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Revenue at Demire Deutsche Mittelstand Real Estate AG is growing +158% versus a year earlier (3y avg −1.0%). 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 Demire Deutsche Mittelstand Real Estate AG (DMRE)?
Earnings per share at Demire Deutsche Mittelstand Real Estate AG are growing −12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Demire Deutsche Mittelstand Real Estate AG (DMRE) carry?
The net debt of Demire Deutsche Mittelstand Real Estate AG is €457M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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