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There (HVP) Fair Value & Analysis

Other · DE · Market cap €4.5B

T There HVP · BE
Price€0.2800
Fair Value€0.0300
Upside-89.3%
Quality59/100
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Mixed Growth
Thin margins · 0.0% net margin
Moderate debt · generates free cash flow
Ranks above peers (8/11)
Moderate moat 49/100
Evidence: Medium Range €0.0100 – €0.0400 Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €0.1000 to €0.0300 (−70.0%) since Jun 24, 2026.

A solid business, but screening 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.0400). The favourable scenario is already priced in.
  • The model range is unusually wide (€0.0100 to €0.0400). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€2.14 €0.2500 Fair Value €0.0300 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 €0.2500 – €2.14 · fair‑value band €0.0100 – €0.0400 · the €0.2800 price screens above the €0.0300 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 (HVP) currently trades at €0.2800, while our model-based Fair Value estimate is €0.0300, implying the stock looks roughly 89.3% overvalued today. The Quality Score stands at 59/100 (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 €67.1B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €0.0100 (bear case) to €0.0400 (bull case); at €0.2800, 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 32% below its 52-week high, currently below its 200-day average. For context, the median of 10 Other peers we cover trades at -22% fair-value upside, at -89%, HVP 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
Growth DCF €3.92 €8.78 €16.77 80
Residual Income €3.80 €3.49 €2.28 76
Rev-Margin DCF €1.21 €3.46 €6.45 74
All 25 models by family
DCF Models
FCF DCF €4.02 €9.49 €18.92 38
5Y Revenue Exit €1.21 €3.46 €6.42 39
5Y EBITDA Exit €1.61 €4.30 €7.63 41
5Y P/E Exit €0.1300 €0.5800 38
10Y Revenue Exit €2.04 €4.51 €8.16 36
10Y EBITDA Exit €2.38 €5.12 €9.16 37
10Y P/E Exit €1.08 €2.09 €3.28 35
Earnings-Based
Graham-Dodd €0.0500 €0.2500 €0.3500 54
Lynch FV €0.0700 €0.1000 €0.1300 50
PEG = 1.0 €0.0700 €0.1000 €0.1300 46
EPV €0.3700 €0.8400 €1.24 59
Dividend Discount
Gordon GGM €0.1900 €0.3900 €0.5800 70
DDM Multi-Stage €0.1900 €0.3300 €0.4100 61
Multiples
P/E Multiple €0.0900 €0.1300 €0.1600 63
P/S Multiple €0.0900 €0.1300 €0.1600 58
P/B Multiple €0.0900 €0.1300 €0.1600 55
EV/EBIT €1.74 €3.18 €4.63 53
EV/EBITDA €0.6800 €1.77 €2.86 54
EV/Revenue €0.9100 €1.96 43
Asset-Based
NCAV (Graham) €2.89 €3.87 €5.77 50
Growth DCF
Growth DCF €3.92 €8.78 €16.77 80
Rev-Margin DCF €1.21 €3.46 €6.45 74
Economic Profit
Residual Income €3.80 €3.49 €2.28 76
ROIC Compounder €0.3700 €0.8400 €1.24 72
Growth Earnings
Growth-Adj P/E €0.0900 €0.1300 €0.1700 68

Widest divergence: DCF Models (€4.30) versus Earnings-Based (€0.1000). Highest evidence: Growth DCF (80).

Quality Score breakdown

Overall quality 59/100

Of which business quality 55 · Market factors (momentum, volatility) 39

Profitability 11
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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

There is no Profile data available for HVP.BE.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

There reported revenue of €37.8B in FY2024 versus €34.4B in FY2020, a compound +2.4%/yr. Reported net income was €120M in FY2024, compounding −69.4%/yr from FY2020.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€37.8B
Latest YoY
+10.3%
Avg. growth/yr (3Y)
+7.2%
Avg. growth/yr (5Y)
+15.3%
Avg. growth/yr (8Y)
+11.1%
Revenue +2.4%/yr
FY20 €34.4B
FY21 €30.7B
FY22 €27.3B
FY23 €34.3B
FY24 €37.8B
Net income −69.4%/yr
FY20 €13.6B
FY21 €9.8B
FY22 €8.8B
FY23 €2.9B
FY24 €120M

HVP screens 89% 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/HVP

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 59 · Above median
Fair Value upside −89% · Bottom 25%
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Top 25%
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Other median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/FCF 0.6× · Pricier than 75% of peers
EV/EBITDA 3.2× · Cheaper 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 0 · sector 8
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 73 · sector 97
DIVIDEND 0 · 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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10 more Other stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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540777 540777 ₹567.55 ₹142.69 -75%
Lupin Limited 500257 ₹2,476 ₹1,983 -20%
540719 540719 ₹1,788 ₹850.02 -52%
524804 524804 ₹1,620 ₹1,268 -22%
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Eicher Motors Limited 505200 ₹7,340 ₹6,859 -7%

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Frequently asked questions

Is There (HVP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €0.0300 versus a price of €0.2800, about −89% (overvalued).
What is the fair value of HVP?
Our model-based fair value for There is €0.0300 (as of Jul 16, 2026), built from audited fundamentals. The current price is €0.2800.
What is the quality score of HVP?
There 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 net profit margin of HVP?
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.

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