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INDUS Holding (INH) Fair Value & Analysis

Industrials · DE · Market cap €808M

IH INDUS Holding INH · XETRA
Price€27.00
Fair Value€43.87
Upside+62.5%
Quality95/100
Evidence: High Range €32.90 – €54.84

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from €38.63 to €43.87 (+13.6%) since Jun 24, 2026. Share price −10.4% over the past month.

Price vs Fair Value (12 months)

€33.32 €21.25 Fair Value €43.87 Jul 2025 Jun 2026

12‑month range €21.25 – €33.32 · fair‑value band €32.90 – €54.84 · the €27.00 price screens below the €43.87 fair value. As of Jun 26, 2026.

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Analysis

INDUS Holding (INH) currently trades at €27.00, while our model-based Fair Value estimate is €43.87 — implying the stock looks roughly 62.5% undervalued today. We read business quality at 95/100 (high 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, INDUS Holding generated revenue of €1.8B at a net margin of 3.9%. Revenue grew 9.8% year over year. It earns a return on equity of 9.5%. Net debt stands at €544M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €1.8B
Revenue growth (YoY) +9.8%
Net margin 3.9%
Return on equity 9.5%
Free cash flow €102M FY2025
P/E ratio 11.4
More key figures
Operating margin 8.1%
EPS (TTM) €2.64
EPS growth (YoY) +0.5%
Net debt €544M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring. The firm typically invests in middle market and mature companies. It primarily makes long-term investments in medium-sized manufacturing companies in energy and environmental technology; infrastructure and logistics technology, intelligent logistic infrastructure; automation, measurement and control technology; medical engineering; life science; construction and safety technology; industry; digitalization; green tech; medical equipment for the ageing society; innovative construction technology; and public and private security sectors. The firm acquires small and medium-sized companies based in Germany, Switzerland, Austria, …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

INDUS Holding reported revenue of €1.7B in FY2025 versus €1.7B in FY2021, a compound −0.1%/yr. Reported net income was €69.0M in FY2025, compounding +10.2%/yr from FY2021.

Revenue −0.1%/yr
FY21 €1.7B
FY22 €1.8B
FY23 €1.8B
FY24 €1.7B
FY25 €1.7B
Net income +10.2%/yr
FY21 €46.8M
FY22 €72.9M
FY23 €55.4M
FY24 €53.7M
FY25 €69.0M

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Frequently asked questions

Is INDUS Holding (INH) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €43.87 versus a price of €27.00 — about +62% (undervalued). Model-based estimate, not financial advice.
What is the fair value of INH?
Our 21-model fair value for INDUS Holding is €43.87 (as of Jun 26, 2026), built from audited fundamentals. The current price is €27.00.
What is the quality score of INH?
INDUS Holding has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of INDUS Holding (INH)?
INDUS Holding reported trailing-twelve-month revenue of about €1.8B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of INH?
The net profit margin of INDUS Holding is about 3.9%, meaning it keeps roughly 3.9% 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.