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There (FNI) Fair Value & Analysis

Other · DE · Market cap €8.3B

T There FNI · BE
Price€0.4466
Fair Value€1.96
Upside+338.9%
Quality39/100
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Evidence: Low Range €1.47 – €2.45

Fair value as of: Jun 24, 2026

From 16 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from €1.15 to €1.96 (+70.4%) since Jun 23, 2026. Share price −5.2% over the past month.

Price vs Fair Value (12 months)

€0.6055 €0.4136 Fair Value €1.96 Jun 2025 Jun 2026

12‑month range €0.4136 – €0.6055 · fair‑value band €1.47 – €2.45 · the €0.4466 price screens below the €1.96 fair value. As of Jun 24, 2026.

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Analysis

There (FNI) currently trades at €0.4466, while our model-based Fair Value estimate is €1.96 — implying the stock looks roughly 338.9% undervalued today. We read business quality at 39/100 (below-average quality), in the Other 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: low) — always confirm before acting.

Net debt stands at €184B. Fundamentals as of Jun 24, 2026

About the company

There is no Profile data available for FNI.BE.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €173B in FY2025 versus €161B in FY2021, a compound +1.8%/yr. Reported net income was −€23.4B in FY2025.

Revenue +1.8%/yr
FY21 €161B
FY22 €182B
FY23 €198B
FY24 €192B
FY25 €173B
Net income
FY21 €10.1B
FY22 −€832M
FY23 €1.4B
FY24 −€4.3B
FY25 −€23.4B

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Frequently asked questions

Is There (FNI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €1.96 versus a price of €0.4466 — about +339% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FNI?
Our model-based fair value for There is €1.96 (as of Jun 24, 2026), built from audited fundamentals. The current price is €0.4466.
What is the quality score of FNI?
There has a Quality Score of 39/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of FNI?
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.

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.