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FORTEC Elektronik AG (FEV) Fair Value & Analysis

Technology · DE · Market cap €41.6M

FE FORTEC Elektronik AG FEV · XETRA
Price€11.30
Fair Value€11.52
Upside+2.0%
Quality56/100
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Weak Growth
Thin margins · 0.8% net margin
Low debt · generates free cash flow
3.16% dividend yield
Trails peers (5/15)
Narrow moat 24/100
Evidence: High Range €8.33 – €11.52 Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Share price −8.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from €8.33 (bear) to €11.52 (bull), base €11.52. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€26.46 €10.01 Fair Value €11.52 Nov 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €10.01 – €26.46 · fair‑value band €8.33 – €11.52 · the €11.30 price screens below the €11.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

FORTEC Elektronik AG (FEV) currently trades at €11.30, while our model-based Fair Value estimate is €11.52, implying the stock looks roughly 2.0% fairly valued today. The Quality Score stands at 56/100 (solid quality), in the Technology 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: high), always confirm before acting.

Over the trailing twelve months, FORTEC Elektronik AG generated revenue of €81.7M at a net margin of 1.6%. Revenue grew 0.8% year over year. It earns a return on equity of 2.3%. The balance sheet holds a net cash position of €12.0M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €8.33 (bear case) to €11.52 (bull case); at €11.30, the current price sits within 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 31% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 2%, FEV 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 BearBaseBull Evidence
Highest evidence
Growth DCF €8.48 €9.14 €9.90 80
Residual Income €11.18 €10.56 €7.59 76
Rev-Margin DCF €9.58 €11.63 €13.82 74
All 24 models by family
DCF Models
FCF DCF €8.44 €9.15 €10.02 38
Owner Earnings €12.94 €14.84 €17.14 31
5Y Revenue Exit €9.58 €11.59 €14.12 39
5Y EBITDA Exit €13.02 €17.56 €22.74 41
5Y P/E Exit €9.88 €12.12 €14.38 38
10Y Revenue Exit €8.91 €10.41 €12.20 36
10Y EBITDA Exit €10.84 €13.82 €17.40 37
10Y P/E Exit €9.18 €10.71 €12.36 35
Earnings-Based
Graham-Dodd €2.82 €5.70 €7.17 54
EPV €8.48 €8.81 €9.08 59
Dividend Discount
Gordon GGM €5.92 €7.79 €9.38 70
DDM Multi-Stage €5.92 €7.66 €9.30 61
Multiples
P/E Multiple €6.22 €8.29 €10.37 63
P/S Multiple €5.29 €7.05 €8.81 58
P/B Multiple €5.29 €7.05 €8.81 55
EV/EBIT €13.43 €16.00 €18.57 53
EV/EBITDA €18.62 €22.92 €27.22 54
EV/Revenue €10.92 €13.14 €15.37 43
Asset-Based
NCAV (Graham) €8.63 €11.57 €17.26 50
Growth DCF
Growth DCF €8.48 €9.14 €9.90 80
Rev-Margin DCF €9.58 €11.63 €13.82 74
Economic Profit
Residual Income €11.18 €10.56 €7.59 76
ROIC Compounder €8.48 €8.81 €9.08 72
Growth Earnings
Growth-Adj P/E €4.53 €6.47 €8.42 68

Widest divergence: DCF Models (€11.59) versus Earnings-Based (€5.70). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €81.7M
Revenue growth (YoY) +0.8%
Net margin 1.6%
Return on equity 2.3%
Free cash flow €1.2M FY2025
P/E ratio 28.3
More key figures
Operating margin -0.5%
EPS (TTM) €0.4000
Dividend yield 3.5%
EPS growth (YoY) -51.3%
Net cash €12.0M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 40

Profitability 43
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
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

FORTEC Elektronik AG, together with its subsidiaries, manufactures and sells components and systems in the areas of display and embedded computer technology, and power supplies in Germany and internationally. It operates in two segments, Data Visualisation and Power Supplies.

Full company description

FORTEC Elektronik AG, together with its subsidiaries, manufactures and sells components and systems in the areas of display and embedded computer technology, and power supplies in Germany and internationally. It operates in two segments, Data Visualisation and Power Supplies. The company offers standard kits; support services in the area of hardware and software for the sale of standard devices; and product solutions with access to TFT controller, as well as optical bonding technology. It also provides power supplies and DC/DC convertors. The company serves rail traffic and signal technology, medtech and communication technology, automation and robotics, medicine, measurement and control technology, and security technology markets. FORTEC Elektronik AG was founded in 1984 and is based in Germering, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FORTEC Elektronik AG reported revenue of €79.7M in FY2025 versus €77.4M in FY2021, a compound +0.7%/yr. Reported net income was €1.3M in FY2025, compounding −23.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€79.7M
Latest YoY
−15.7%
Avg. growth/yr (3Y)
−3.6%
Avg. growth/yr (5Y)
−1.9%
Avg. growth/yr (21Y)
+4.3%
Revenue +0.7%/yr
FY21 €77.4M
FY22 €89.0M
FY23 €106M
FY24 €94.5M
FY25 €79.7M
Net income −23.2%/yr
FY21 €3.9M
FY22 €6.3M
FY23 €7.6M
FY24 €5.3M
FY25 €1.3M

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Cite: Fair Value Calculator (2026). "FORTEC Elektronik AG Fair Value". https://www.fairvalue-calculator.com/stock/FEV

Peer Group

Electronics & Computer Distribution · 151 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 56 · Above median
Fair Value upside +2% · Above median
Return on equity (TTM) 1% · Bottom 25%
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 71.1× · Pricier than 75% of peers
P/B 0.86× · Cheaper than median
P/S (TTM) 0.60× · Pricier than median
P/FCF 41.7× · Pricier than 75% of peers
EV/EBITDA 12.0× · Pricier than median
PEG 6.26× · 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 36 · sector 14
FUTURE 0 · sector 57
PAST 4 · sector 36
HEALTH 99 · sector 98
DIVIDEND 63 · sector 39

Insider activity: 40/100

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is FORTEC Elektronik AG (FEV) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €11.52 versus a price of €11.30, about +2% (fairly valued).
What is the fair value of FEV?
Our model-based fair value for FORTEC Elektronik AG is €11.52 (as of Jul 15, 2026), built from audited fundamentals. The current price is €11.30.
What is the quality score of FEV?
FORTEC Elektronik AG has a Quality Score of 56/100. 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 FORTEC Elektronik AG (FEV)?
FORTEC Elektronik AG reported trailing-twelve-month revenue of about €81.7M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of FEV?
The net profit margin of FORTEC Elektronik AG is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does FORTEC Elektronik AG pay a dividend?
FORTEC Elektronik AG currently shows a dividend yield of about 3.52% relative to its recent price (as of Jul 15, 2026).

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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