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Frauenthal Holding (FKA) Fair Value & Analysis

Industrials · AT · Market cap €187M

FH Frauenthal Holding FKA · VI
Price€21.80
Fair Value€22.92
Upside+5.1%
Quality59/100
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Weak Growth
Loss-making · -4.6% net margin
Low debt · generates free cash flow
Trails peers (5/14)
Narrow moat 26/100
Evidence: High Range €16.67 – €29.17 Share as image

Fair value as of: Jul 16, 2026

From 15 valuation models · updated 24 days ago

Fair value updated Jul 16, 2026, revised from €31.30 to €22.92 (−26.8%) since Jun 24, 2026. Share price −5.2% 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 €16.67 (bear) to €29.17 (bull), base €22.92. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€26.93 €17.55 Fair Value €22.92 May 2021 Aug 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 €17.55 – €26.93 · fair‑value band €16.67 – €29.17 · the €21.80 price screens below the €22.92 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

Frauenthal Holding (FKA) currently trades at €21.80, while our model-based Fair Value estimate is €22.92, implying the stock looks roughly 5.1% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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, Frauenthal Holding generated revenue of €797M at a net margin of -4.5%. Revenue declined 9.3% year over year. It earns a return on equity of 3.5%. Net debt stands at €18.0M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €16.67 (bear case) to €29.17 (bull case); at €21.80, 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 8% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 5%, FKA 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 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
Growth DCF €22.80 €27.52 €34.54 80
Rev-Margin DCF €18.60 €24.45 €31.80 74
ROIC Compounder €8.20 €8.83 €9.34 72
All 15 models by family
DCF Models
FCF DCF €22.31 €27.34 €35.42 38
5Y Revenue Exit €18.60 €23.90 €31.58 39
5Y EBITDA Exit €34.89 €52.05 €74.75 41
10Y Revenue Exit €20.02 €23.67 €27.41 36
10Y EBITDA Exit €28.74 €38.53 €49.03 37
Earnings-Based
EPV €8.20 €8.83 €9.34 59
Dividend Discount
Gordon GGM €2.08 €2.23 €2.44 70
DDM Multi-Stage €2.08 €2.41 €2.82 61
Multiples
EV/EBIT €21.69 €27.94 €34.19 53
EV/EBITDA €53.47 €70.31 €87.15 54
EV/Revenue €16.33 €22.06 €27.79 43
Asset-Based
NCAV (Graham) €7.97 €10.68 €15.94 50
Growth DCF
Growth DCF €22.80 €27.52 €34.54 80
Rev-Margin DCF €18.60 €24.45 €31.80 74
Economic Profit
ROIC Compounder €8.20 €8.83 €9.34 72

Widest divergence: Multiples (€27.94) versus Dividend Discount (€2.23). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €790M
Revenue growth (YoY) -9.3%
Net margin -4.6%
Return on equity 3.5%
Free cash flow €23.2M FY2025
P/E ratio 31.8
More key figures
Operating margin 0.2%
EPS (TTM) €0.6800
EPS growth (YoY) -21.6%
Net debt €18.0M FY2024

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 50

Profitability 40
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

Frauenthal Holding AG engages in the wholesale of plumbing, heating, and electrical supplies through showrooms, cash and carry stores, and online in Austria and internationally. It operates through Frauenthal Automotive and Frauenthal Trade segments.

Full company description

Frauenthal Holding AG engages in the wholesale of plumbing, heating, and electrical supplies through showrooms, cash and carry stores, and online in Austria and internationally. It operates through Frauenthal Automotive and Frauenthal Trade segments. The company distributes pipeline and valve systems for civil engineering and industry; and bathroom solutions, including ceramics, taps, mirrors, and furniture. It also engages in the renovation of bathrooms; commissioning and maintenance of air conditioning systems and heat pumps; sale of heat pumps and storage products; and installation and sale of photovoltaic systems. In addition, the company manufactures steel, aluminium, and metal components for vehicle bodies, chassis, and brake systems; and produces aluminium, steel, and special steel air tanks. Further, it offers logistics, consulting, and assembly services. The company serves the plumbing, electrical, architecture, and property development industries, as well as construction project managers and municipalities; OEMs and OEM suppliers; passenger vehicle, commercial vehicle, and trailer manufacturers; dealers; and rail, agriculture, and system manufacturers. The company was founded in 1921 and is based in Vienna, Austria. Frauenthal Holding AG is a subsidiary of FT Holding GmbH.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Frauenthal Holding reported revenue of €790M in FY2025 versus €1.0B in FY2021, a compound −6.3%/yr. Reported net income was −€36.2M in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€790M
Latest YoY
−2.1%
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.
−11.4%
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.
−2.0%
Avg. growth/yr (10Y) 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.
+0.0%
Revenue −6.3%/yr
FY21 €1.0B
FY22 €1.1B
FY23 €1.1B
FY24 €807M
FY25 €790M
Net income
FY21 €14.1M
FY22 €48.5M
FY23 €14.4M
FY24 −€5.1M
FY25 −€36.2M

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

Peer Group

Industrial Distribution · 102 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 59 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -9% · Bottom 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 31.8× · Pricier than median
P/B 1.57× · Pricier than median
P/S (TTM) 0.27× · Cheaper than median
P/FCF 9.3× · Pricier than median
EV/EBITDA 7.1× · Cheaper than median
PEG 1.66× · Pricier 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 40 · sector 19
FUTURE 0 · sector 19
PAST 14 · sector 37
HEALTH 94 · sector 90
DIVIDEND 0 · sector 31

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,376 $625.61 -55%
Fastenal Company FAST $45.49 $20.64 -55%
Ferguson Enterprises Inc FERG $232.02 $151.92 -35%
WESCO International, Inc WCC $326.71 $213.01 -35%
Watsco, Inc WSO $385.16 $268.10 -30%
Toromont Industries Ltd TIH C$232.22 C$127.90 -45%
Applied Industrial Technologies, Inc AIT $329.35 $191.65 -42%
Finning International Inc FTT C$102.50 C$76.38 -25%
Addtech AB ADDTB kr 329.20 kr 156.35 -53%
Core & Main, Inc CNM $44.66 $49.47 +11%

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Frequently asked questions

Is Frauenthal Holding (FKA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €22.92 versus a price of €21.80, about +5% (fairly valued).
What is the fair value of FKA?
Our model-based fair value for Frauenthal Holding is €22.92 (as of Jul 16, 2026), built from audited fundamentals. The current price is €21.80.
What is the quality score of FKA?
Frauenthal Holding has a Quality Score of 59/100. 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 Frauenthal Holding (FKA)?
Frauenthal Holding reported trailing-twelve-month revenue of about €797M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FKA?
The net profit margin of Frauenthal Holding is about -4.5%, 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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