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Fielmann Group (FIE) Fair Value & Analysis

Healthcare · DE · Market cap €3.8B

FG Fielmann Group FIE · XETRA
Price€42.70
Fair Value€53.39
Upside+25.0%
Quality94/100
Evidence: High Range €40.04 – €66.73

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Share price −4.3% over the past month.

Price vs Fair Value (12 months)

€58.26 €39.91 Fair Value €53.39 Jul 2025 Jun 2026

12‑month range €39.91 – €58.26 · fair‑value band €40.04 – €66.73 · the €42.70 price screens below the €53.39 fair value. As of Jun 24, 2026.

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Analysis

Fielmann Group (FIE) currently trades at €42.70, while our model-based Fair Value estimate is €53.39 — implying the stock looks roughly 25.0% undervalued today. We read business quality at 94/100 (high quality), in the Healthcare 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, Fielmann Group generated revenue of €2.4B at a net margin of 8.4%. Revenue grew 1.3% year over year. It earns a return on equity of 21.5%. Net debt stands at €662M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €2.4B
Revenue growth (YoY) +1.3%
Net margin 8.4%
Return on equity 21.5%
Free cash flow €352M FY2025
P/E ratio 18.3
More key figures
Operating margin 14.8%
EPS (TTM) €2.44
Dividend yield 3.2%
EPS growth (YoY) +1.5%
Net debt €662M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Fielmann Group AG engages in vision care and audiology business in Germany, Switzerland, Austria, Spain, North America, and internationally. The company manufactures and sells visual aids mainly glasses, eyewear frames and lenses, sunglasses, contact lenses, ready-made reading glasses, hearing systems and its accessories, as well as personal protective equipment. It also offers its products under the fielmann, Optika Clarus, Optica & Audiologia Universitaria, Medical optica audicion, Shopko Optical, and SVS VISION brand names. The company sells its products through digital sales, retail stores, as well as Befitting, an optical e-commerce platform. The company was formerly known as Fielmann Aktiengesellschaft and changed its name to Fielmann Group AG in July 2023. Fielmann Group AG was founded in 1972 and is headquartered in Hamburg, Germany. Fielmann Group AG operates as a subsidiary of Korva SE.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fielmann Group reported revenue of €2.4B in FY2025 versus €1.7B in FY2021, a compound +9.8%/yr. Reported net income was €204M in FY2025, compounding +10.5%/yr from FY2021.

Revenue +9.8%/yr
FY21 €1.7B
FY22 €1.8B
FY23 €2.0B
FY24 €2.3B
FY25 €2.4B
Net income +10.5%/yr
FY21 €137M
FY22 €104M
FY23 €128M
FY24 €152M
FY25 €204M

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HOYA Corporation HOCPY $168.16 $96.16 -43%
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Frequently asked questions

Is Fielmann Group (FIE) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €53.39 versus a price of €42.70 — about +25% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FIE?
Our 21-model fair value for Fielmann Group is €53.39 (as of Jun 24, 2026), built from audited fundamentals. The current price is €42.70.
What is the quality score of FIE?
Fielmann Group has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Fielmann Group (FIE)?
Fielmann Group reported trailing-twelve-month revenue of about €2.4B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of FIE?
The net profit margin of Fielmann Group is about 8.4%, meaning it keeps roughly 8.4% of revenue as net income. Based on the latest reported figures.
Does Fielmann Group pay a dividend?
Fielmann Group currently shows a dividend yield of about 3.15% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.