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DonkeyRepublic Holding (DONKEY) Fair Value & Analysis

Industrials · DK · Market cap 334M DKK

DH DonkeyRepublic Holding DONKEY · CO
Pricekr 8.30
Fair Valuekr 0.7480
Upside-91.0%
Quality29/100
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Expensive Growth
Loss-making · -6.3% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 32/100
Evidence: Low Range kr 0.7480 – kr 1.16 Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 22 days ago

Share price −0.6% over the past month.

Below-average quality, and screening another 91% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 1.16). The favourable scenario is already priced in.
  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

kr 13.50 kr 4.62 Fair Value kr 0.7480 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 4.62 – kr 13.50 · fair‑value band kr 0.7480 – kr 1.16 · the kr 8.30 price screens above the kr 0.7480 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

DonkeyRepublic Holding (DONKEY) currently trades at kr 8.30, while our model-based Fair Value estimate is kr 0.7480, implying the stock looks roughly 91.0% overvalued today. The Quality Score stands at 29/100 (below-average 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: low).

Over the trailing twelve months, DonkeyRepublic Holding generated revenue of 175M DKK at a net margin of -6.3%. Revenue grew 5.6% year over year. It earns a return on equity of -13.4%. Net debt stands at 42.5M DKK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 0.7480 (bear case) to kr 1.16 (bull case); at kr 8.30, the current price sits above 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 8% below its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -21% fair-value upside, at -91%, DONKEY screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (kr 0.4600 to kr 5.12). Read the values as a conservative anchor, not as a price target.
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
ROIC Compounder kr 0.3500 kr 0.4600 kr 0.5500 72
EPV kr 0.3500 kr 0.4600 kr 0.5500 59
EV/EBITDA kr 3.73 kr 5.12 kr 6.51 54
All 6 models by family
Earnings-Based
EPV kr 0.3500 kr 0.4600 kr 0.5500 59
Multiples
EV/EBIT kr 1.02 kr 1.50 kr 1.98 53
EV/EBITDA kr 3.73 kr 5.12 kr 6.51 54
EV/Revenue kr 0.6000 kr 1.05 kr 1.49 43
Asset-Based
NCAV (Graham) kr 1.00 kr 1.33 kr 1.99 50
Economic Profit
ROIC Compounder kr 0.3500 kr 0.4600 kr 0.5500 72

Widest divergence: Multiples (kr 1.50) versus Earnings-Based (kr 0.4600). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 175M DKK
Revenue growth (YoY) +5.6%
Net margin -6.3%
Return on equity -13.4%
Free cash flow −601K DKK FY2025
Operating margin 14.8%
More key figures
EPS (TTM) kr -0.4100
EPS growth (YoY) -51.7%
Net debt 42.5M DKK FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 32 · Market factors (momentum, volatility) 56

Profitability 23
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 0
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

DonkeyRepublic Holding A/S provides bike sharing solutions in Europe. The company develops a platform which enables the bike rental services. It offers pedal bikes and electric bikes. DonkeyRepublic Holding A/S was founded in 2014 and is headquartered in Copenhagen, Denmark.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DonkeyRepublic Holding reported revenue of kr 166M in FY2025 versus kr 37.4M in FY2021, a compound +45.1%/yr. Reported net income was −kr 11.0M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
166M DKK
Latest YoY
+13.1%
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.
+34.6%
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.
+50.3%
Avg. growth/yr (7Y) 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.
+80.0%
Revenue +45.1%/yr
FY21 kr 37.4M
FY22 kr 68.0M
FY23 kr 115M
FY24 kr 147M
FY25 kr 166M
Net income
FY21 −kr 24.3M
FY22 −kr 43.2M
FY23 −kr 23.1M
FY24 −kr 9.8M
FY25 −kr 11.0M

DONKEY screens 91% overvalued. Compare with United Rentals, Inc →

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Cite: Fair Value Calculator (2026). "DonkeyRepublic Holding Fair Value". https://www.fairvalue-calculator.com/stock/DONKEY

Peer Group

Rental & Leasing Services · 97 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 29 · Bottom 25%
Fair Value upside −91% · Bottom 25%
Return on assets 2% · Below median
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 15% · Above median
Revenue growth 6% · Above median
Debt / equity 0.56× · Lower than median

Valuation Multiples vs Rental & Leasing Services median · lower = cheaper

P/B 0.64× · Cheaper than median
P/S (TTM) 0.30× · Cheaper than median
EV/EBITDA 3.7× · Cheaper than median

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 0 · sector 49
FUTURE 28 · sector 16
PAST 0 · sector 26
HEALTH 72 · sector 70
DIVIDEND 0 · sector 34

VALUE 0: the price sits above our fair-value range.

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 Rental & Leasing Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
United Rentals, Inc URI $1,045 $449.86 -57%
Sunbelt Rentals Holdings SUNB $73.41 $65.76 -10%
AerCap Holdings AER $146.97 $301.51 +105%
U-Haul Holding UHAL $67.35 $7.21 -89%
Ryder System, Inc R $273.06 $111.57 -59%
Ayvens AYV €11.57 €24.73 +114%
Localiza Rent a Car S.A RENT3 R$40.35 R$37.01 -8%
Element Fleet Management Corp EFN C$29.83 C$15.06 -50%
BOC Aviation Limited 2588 HK$77.40 HK$18.61 -76%
GATX Corporation GATX $178.48 $140.90 -21%

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Frequently asked questions

Is DonkeyRepublic Holding (DONKEY) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 0.7480 versus a price of kr 8.30, about −91% (overvalued).
What is the fair value of DONKEY?
Our model-based fair value for DonkeyRepublic Holding is kr 0.7480 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 8.30.
What is the quality score of DONKEY?
DonkeyRepublic Holding has a Quality Score of 29/100. 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 DonkeyRepublic Holding (DONKEY)?
DonkeyRepublic Holding reported trailing-twelve-month revenue of about 175M DKK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of DONKEY?
The net profit margin of DonkeyRepublic Holding is about -6.3%, meaning it is currently running at a net loss. 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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