KAP AG (IUR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of KAP AG €2.14, price €1.03, upside +107.8%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €1.03 – €22.58 · fair‑value band €2.07 – €4.75 · the €1.03 price screens below the €2.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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KAP AG, provides flexible films in Germany, Rest of Europe, North/South America, Asia and Pacific, and internationally. It operates through three segments: Flexible Films, Engineered Products, and Surface Technologies.
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KAP AG, provides flexible films in Germany, Rest of Europe, North/South America, Asia and Pacific, and internationally. It operates through three segments: Flexible Films, Engineered Products, and Surface Technologies. The Flexible Films segment produce and distribute flexible films for various applications, such as solutions for technical waterproofing, high-tech screens, event flooring, outdoor laminates, and high-quality, design-oriented membranes for pool, and swimming pool construction. The Engineered Products segment develops, produces, and sells technical textiles that are used in industrial and automotive, agricultural, hoses in construction industry; air springs in road and rail transport; reinforcement of flexible pipelines in the oil and gas industry; the sealing of insulin packages in the pharmaceutical industry; bulletproof vests for the security traffic, and bulletproof vests for the security industry, as well as reinforcement elements in rubber products such as conveyor belts and brake membranes, and carrier materials for coated end products. The Surface Technologies segment provides surface treatments for metallic materials, such as aluminum, magnesium, die-casting and steel used by furniture industry, food industry, mechanical engineering, electrical engineering industry and the automotive sector. It is also involved in the development and manufacture of membranes, tarpaulins, reinforced pool liners, and high-end projection screens. The company was formerly known as KAP Beteiligungs-AG and changed its name to KAP AG in July 2018. KAP AG was incorporated in 2010 and is headquartered in Fulda, Germany.
Stock analysis
KAP AG (IUR) currently trades at €1.03, while our model-based Fair Value estimate is €2.14, implying the stock looks roughly 51.9% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: €2.07 (bear) to €4.75 (bull), the price of €1.03 sits below 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 35/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
KAP AG reported revenue of €241M in FY2025 versus €346M in FY2021, a compound −8.6%/yr. Reported net income was −€67.5M in FY2025.
Key figures
Market cap €15.0M · P/S ratio 0.06 · EPS (TTM) €−8.69 · Net margin −28.0% · Return on equity −81.4% · Return on assets (EBIT) −6.0% · Operating margin 0.2% · Revenue (TTM) €241M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 87% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 108%, IUR screens cheaper than that median.
Fair Value models
Bear €2.07Fair Value €2.14Bull €4.75
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.4%
Revenue growth 3 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.
−17.7%
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.
−5.6%
Start year 2020 (pandemic). Over 10 years: −4.3% a year
Revenue growth 18 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.
−3.9%
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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.
1.0% (2020) → −26.6% (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
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.Conglomerates · 377 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+108% · Top 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)−28% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth−6% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Conglomerates 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). "KAP AG Fair Value". https://www.fairvalue-calculator.com/stock/IUR
Frequently asked questions
Is KAP AG (IUR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €2.14 versus a price of €1.03, about +108% upside (undervalued).
What is the fair value of IUR?
Our model-based fair value for KAP AG is €2.14 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.03.
What is the quality score of IUR?
KAP AG has a Quality Score of 35/100. 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 KAP AG (IUR)?
Our model-based price target is the fair value of €2.14 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario €2.07, optimistic scenario €4.75. It is a calculation from audited fundamentals, not an analyst target.
What is the KAP AG stock forecast for 2026?
Our models put fair value at €2.14, about +108% upside versus a price of €1.03 (undervalued). Cautious scenario €2.07, optimistic scenario €4.75. The calculation is refreshed regularly with new filings.
What is the revenue of KAP AG (IUR)?
KAP AG reported trailing-twelve-month revenue of about €241M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of KAP AG (IUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KAP AG it is €2.14 per share (as of Sep 23, 2026), against a price of €1.03. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is KAP AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IUR trades below its calculated fair value: price €1.03, fair value €2.14, a gap of about +108% (undervalued). 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 IUR?
No. The price is what the market pays today (€1.03); the fair value is what the company's own numbers justify (€2.14). For KAP AG the two are €1.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is KAP AG worth?
The market values KAP AG at about €15.0M (market capitalisation, as of Sep 23, 2026). Per share that is €1.03; our models calculate a fair value of €2.14 per share.
What do the bullish and bearish scenarios say about IUR?
Our models span a range for KAP AG: cautious scenario €2.07, base €2.14, optimistic €4.75 per share (as of Sep 23, 2026, price €1.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of IUR?
The PEG ratio of KAP AG is 9.02 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of KAP AG (IUR)?
Balance-sheet figures for KAP AG (as of Sep 23, 2026): return on equity −81.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is IUR from its 52-week high?
KAP AG trades at €1.03, about 87% below its 52-week high of €8.15 and at the low of €1.03 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €2.14 is for.
Which stocks are comparable to KAP AG?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 KAP AG stock attractive at the current price?
The data as of Sep 23, 2026: price €1.03, calculated fair value €2.14 (+108%), Quality Score 35/100, from 2 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 IUR calculated?
We run KAP AG through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €2.14, 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 14.0 % above its aggregate fair value. KAP AG currently trades 108 % below its own fair value, and the market average says nothing about that. 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 KAP AG (IUR)?
The closing price on Sep 24, 2026 was €1.03. Our model-based fair value is €2.14, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KAP AG right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€2.07). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (€2.07 to €4.75) leaves room in how you read the outcome.
Key figures of KAP AG
How large is the market capitalisation of KAP AG (IUR)?
The market capitalisation of KAP AG is €15.0M. 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 KAP AG (IUR)?
The price-to-sales ratio of KAP AG is 0.06 (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 KAP AG (IUR)?
Earnings per share at KAP AG are €−8.69. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of KAP AG (IUR)?
The net margin of KAP AG is −28.0% (fiscal year 2025). 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 KAP AG (IUR)?
The return on equity (ROE) of KAP AG is −81.4% (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 KAP AG (IUR)?
On an EBIT basis the return on assets of KAP AG is −6.0% (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 KAP AG (IUR)?
The operating margin of KAP AG is 0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KAP AG (IUR)?
Revenue at KAP AG is growing −6.3% versus a year earlier (3y avg −17.7%). 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 KAP AG (IUR)?
Earnings per share at KAP AG are growing −81.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KAP AG (IUR) generate?
The free cash flow of KAP AG is −€21.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does KAP AG (IUR) carry?
The net debt of KAP AG is €71.3M (fiscal year 2025). 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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