Frigoglass S.A.I.C. (FRIGO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Frigoglass S.A.I.C. stock €0.07, price €0.36, that is 80.7% below the price, quality 51 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range €0.1720 – €1.00 · fair‑value band €0.0500 – €0.1000 · the €0.3620 price screens above the €0.0700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Frigoglass S.A.I.C., together with its subsidiaries, manufactures, trades in, and distributes commercial refrigeration units and packaging materials for the beverage industry. The company operates through Ice Cold Merchandise Operations and Glass Operations segments.
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It also offers glass containers and bottles, plastic crates, metal crowns, and other containers primarily for soft drinks, beer, food, spirits, cosmetics, and pharmaceutical industries.
In addition, the company provides integrated, standard and post warranty, repair call management, rebranding and refurbishment, one-to-one placement, spare parts management, preventive maintenance, and technical training services.
It operates in east Europe, west Europe, Africa, the Middle East, and Asia. Frigoglass S.A.I.C. was founded in 1996 and is based in Athens, Greece.
Stock analysis
Frigoglass S.A.I.C. (FRIGO) currently trades at €0.3620, while our model-based Fair Value estimate is €0.0700, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €0.0650 per share, and 0 of the 11 models we run sit above the €0.3620 price.
Bear case: the Asset-Based group reads lowest at €0.0200, and 11 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: €0.0500 (bear) to €0.1000 (bull), the price of €0.3620 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Frigoglass S.A.I.C. reported revenue of €18.9M in FY2025 versus €333M in FY2020, a compound −43.7%/yr. Reported net income was −€651K in FY2025.
Key figures
Market cap €44.1M Micro · P/E ratio 36.2 · P/S ratio 0.98 · EPS (TTM) €0.0100 · Net margin 2.8% · Return on equity 11.0% · Return on assets (EBIT) −11.2% (5-year average) · Operating margin 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −81%, FRIGO screens richer than that median.
Fair Value models
Bear€0.0500Fair Value €0.0700Bull€0.1000
Price €0.3620 · Downside -80.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.0086 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.29/100
Revenue growth is weak, negative or inconsistent.
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−43.7%
Start year 2020 (pandemic). Over 10 years: −27.2% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−11.2%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.9% (2020) → −1.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+41.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +38.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−80.8% · Bottom 25%
Profitability
Return on equity (12 months)11.0% · Above median
Return on assets−2.4% · Bottom 25%
Net margin (12 months)2.8% · Below median
Operating margin (12 months)6.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)762.6% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Frigoglass S.A.I.C. Fair Value". https://www.fairvalue-calculator.com/stock/FRIGO
Frequently asked questions
Is Frigoglass S.A.I.C. (FRIGO) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €0.0700 versus a price of €0.3620, about 81% lower (overvalued).
What is the fair value of FRIGO?
Our model-based fair value for Frigoglass S.A.I.C. is €0.0700 (as of Nov 9, 2026), built from audited fundamentals. The current price: €0.3620.
What is the quality score of FRIGO?
Frigoglass S.A.I.C. has a Quality Score of 51/100. 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 price target for Frigoglass S.A.I.C. (FRIGO)?
Our model-based price target is the fair value of €0.0700 (as of Nov 9, 2026) from 11 valuation models. Cautious scenario €0.0500, optimistic scenario €0.1000. It is a calculation from audited fundamentals, not an analyst target.
What is the Frigoglass S.A.I.C. stock forecast for 2026?
Our models put fair value at €0.0700, about 81% lower versus a price of €0.3620 (overvalued). Cautious scenario €0.0500, optimistic scenario €0.1000. The calculation is refreshed regularly with new filings.
What is the revenue of Frigoglass S.A.I.C. (FRIGO)?
Frigoglass S.A.I.C. reported trailing-twelve-month revenue of about €45.3M (latest available figure, as of Nov 9, 2026).
What growth is priced into Frigoglass S.A.I.C. (FRIGO)?
For today's price to be fair in a discounted-cash-flow model, Frigoglass S.A.I.C. would have to grow free cash flow by +41.1 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -43.7 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of FRIGO use?
Our models discount Frigoglass S.A.I.C. at 10.9 %: a base by market capitalisation (nano), damped by beta 0.45, country premium for Greece. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Frigoglass S.A.I.C. that is +41.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Frigoglass S.A.I.C. (FRIGO) delivered so far?
Over the past 5 years revenue at Frigoglass S.A.I.C. grew -43.7 % a year. The price currently implies free-cash-flow growth of +41.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Frigoglass S.A.I.C. (FRIGO) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Frigoglass S.A.I.C. (+41.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Frigoglass S.A.I.C. (FRIGO)?
The free-cash-flow yield on the price is 1.23 %: that much free cash flow Frigoglass S.A.I.C. produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Frigoglass S.A.I.C. (FRIGO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Frigoglass S.A.I.C. it is €0.0700 per share (as of Nov 9, 2026), against a price of €0.3620. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Frigoglass S.A.I.C. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, FRIGO trades above its calculated fair value: price €0.3620, fair value €0.0700, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FRIGO?
No. The price is what the market pays today (€0.3620); the fair value is what the company's own numbers justify (€0.0700). For Frigoglass S.A.I.C. the two are €0.2920 per share apart. That gap is exactly why we show both numbers side by side.
How much is Frigoglass S.A.I.C. worth?
The market values Frigoglass S.A.I.C. at about €44.1M (market capitalisation, as of Nov 9, 2026). Per share that is €0.3620; our models calculate a fair value of €0.0700 per share.
What do the bullish and bearish scenarios say about FRIGO?
Our models span a range for Frigoglass S.A.I.C.: cautious scenario €0.0500, base €0.0700, optimistic €0.1000 per share (as of Nov 9, 2026, price €0.3620). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FRIGO?
Frigoglass S.A.I.C. trades at a price-to-earnings ratio of 36.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.0700 is built from several models across several years. Other multiples: PEG 21.4, P/B 4.5, P/S 1.0, EV/EBITDA 13.9.
What is the PEG ratio of FRIGO?
The PEG ratio of Frigoglass S.A.I.C. is 21.39 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Frigoglass S.A.I.C. (FRIGO)?
Balance-sheet figures for Frigoglass S.A.I.C. (as of Nov 9, 2026): return on equity 11.0%, debt of 0.15 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is FRIGO from its 52-week high?
Frigoglass S.A.I.C. trades at €0.3620, about 27% below its 52-week high of €0.4940 and 21% above the low of €0.3000 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0700 is for.
Which stocks are comparable to Frigoglass S.A.I.C.?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Frigoglass S.A.I.C. stock attractive at the current price?
The data as of Nov 9, 2026: price €0.3620, calculated fair value €0.0700 (−81%), Quality Score 51/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FRIGO calculated?
We run Frigoglass S.A.I.C. through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of €0.0700 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Frigoglass S.A.I.C. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Frigoglass S.A.I.C. (FRIGO)?
The closing price on Nov 9, 2026 was €0.3620. Our model-based fair value is €0.0700, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Frigoglass S.A.I.C. right now?
The price sits above even our optimistic bull case (€0.1000). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€0.0500 to €0.1000) leaves room in how you read the outcome.
Key figures of Frigoglass S.A.I.C.
How large is the market capitalisation of Frigoglass S.A.I.C. (FRIGO)?
The market capitalisation of Frigoglass S.A.I.C. is €44.1M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Frigoglass S.A.I.C. (FRIGO)?
The price-to-sales ratio of Frigoglass S.A.I.C. is 0.98 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Frigoglass S.A.I.C. (FRIGO)?
Earnings per share at Frigoglass S.A.I.C. are €0.0100 (price ÷ EPS = P/E 36.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Frigoglass S.A.I.C. (FRIGO)?
The net margin of Frigoglass S.A.I.C. is 2.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Frigoglass S.A.I.C. (FRIGO)?
The return on equity (ROE) of Frigoglass S.A.I.C. is 11.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Frigoglass S.A.I.C. (FRIGO)?
On an EBIT basis the return on assets of Frigoglass S.A.I.C. is −11.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Frigoglass S.A.I.C. (FRIGO)?
The operating margin of Frigoglass S.A.I.C. is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Frigoglass S.A.I.C. (FRIGO)?
Revenue at Frigoglass S.A.I.C. is growing +763% versus a year earlier (3y avg −63.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Frigoglass S.A.I.C. (FRIGO)?
Earnings per share at Frigoglass S.A.I.C. are growing −72.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Frigoglass S.A.I.C. (FRIGO) carry?
The net debt of Frigoglass S.A.I.C. is €1.6M (fiscal year 2025, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026