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There (FFC) Fair Value & Analysis

Other · DE · Market cap €1.2B

T There FFC · BE
Price€10.09
Fair Value€4.86
Upside-51.8%
Quality52/100
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Weak Growth
Thin margins · 0.0% net margin
generates free cash flow
10.33% dividend yield
Ranks above peers (6/10)
Moderate moat 49/100
Evidence: Medium Range €3.64 – €6.07 Share as image

Fair value as of: Jul 16, 2026

From 14 valuation models · updated 25 days ago

Share price +1.1% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€6.07). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€14.66 €8.83 Fair Value €4.86 Apr 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €8.83 – €14.66 · fair‑value band €3.64 – €6.07 · the €10.09 price screens above the €4.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

There (FFC) currently trades at €10.09, while our model-based Fair Value estimate is €4.86, implying the stock looks roughly 51.8% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Other 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: medium).

Net debt stands at €1.4B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €3.64 (bear case) to €6.07 (bull case); at €10.09, 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 9% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Other peers we cover trades at -22% fair-value upside, at -52%, FFC 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income €8.23 €7.67 €5.68 76
Growth DCF €16.79 €21.28 €28.25 72
Growth-Adj P/E €2.60 €3.71 €4.82 68
All 14 models by family
DCF Models
FCF DCF €16.28 €21.02 €28.98 38
5Y Revenue Exit €7.63 €8.18 €8.92 39
5Y P/E Exit €9.27 €11.01 €13.15 38
10Y Revenue Exit €11.38 €12.11 €12.66 36
10Y P/E Exit €12.29 €13.71 €14.93 35
Earnings-Based
Graham-Dodd €1.94 €2.37 €2.67 54
Multiples
P/E Multiple €3.64 €4.86 €6.07 63
P/S Multiple €0.2400 €0.3200 €0.3900 58
P/B Multiple €3.64 €4.86 €6.07 55
EV/Revenue €0.8900 €0.9900 €1.08 43
Asset-Based
NCAV (Graham) €6.17 €8.27 €12.35 50
Growth DCF
Growth DCF €16.79 €21.28 €28.25 72
Economic Profit
Residual Income €8.23 €7.67 €5.68 76
Growth Earnings
Growth-Adj P/E €2.60 €3.71 €4.82 68

Widest divergence: Growth DCF (€21.28) versus Multiples (€0.9900). Highest evidence: Residual Income (76).

Key figures & financial health

Free cash flow €228M FY2025
Dividend yield 10.3%
Net debt €1.4B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 53

Profitability 37
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 5
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

There is no Profile data available for FFC.BE.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €25.0M in FY2025 versus €248M in FY2021, a compound −43.7%/yr. Reported net income was €33.9M in FY2025, compounding −38.5%/yr from FY2021.

Growth Quality 36/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€25.0M
Latest YoY
−56.7%
Avg. growth/yr (7Y)
−11.2%
Revenue −43.7%/yr
FY21 €248M
FY22 €39.1M
FY23 €125M
FY24 €57.6M
FY25 €25.0M
Net income −38.5%/yr
FY21 €237M
FY22 €29.2M
FY23 €117M
FY24 €57.9M
FY25 €33.9M

FFC screens 52% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "There Fair Value". https://www.fairvalue-calculator.com/stock/FFC

Peer Group

Other · 390 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 52 · Below median
Fair Value upside −52% · Below median
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Top 25%
Dividend yield (TTM) 10.3% · Top 25%

Valuation Multiples vs Other median · lower = cheaper

P/B 0.94× · Pricier than median
P/FCF 6.1× · 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 0 · sector 8
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 97
DIVIDEND 100 · sector 0

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.

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540719 540719 ₹1,788 ₹850.02 -52%
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Frequently asked questions

Is There (FFC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €4.86 versus a price of €10.09, about −52% (overvalued).
What is the fair value of FFC?
Our model-based fair value for There is €4.86 (as of Jul 16, 2026), built from audited fundamentals. The current price is €10.09.
What is the quality score of FFC?
There has a Quality Score of 52/100. 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 net profit margin of FFC?
The net profit margin of There is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does There pay a dividend?
There currently shows a dividend yield of about 10.33% relative to its recent price (as of Jul 16, 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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