Industrials · DE · Market cap €4.5B · ISIN DE0006219934
What is There really worth?
TThereJUN3 · HA
Price€26.42
Fair Value€26.58
Upside+0.6%
Quality61/100
A solid business, currently priced close to our fair value of €26.58.
As of Aug 27, 2026, the fair value of There is €26.58 per share against a price of €26.42, so the fair value sits 1% above the price. A model estimate blended from multiple valuation models, recalculated regularly.
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Strengths
✓Low debt · generates free cash flow
Risks
!Mixed Growth (revenue 5y +5.8 %/yr)
!Thin margins · 0.0% net margin
!Moderate moat 60/100
!Evidence only low, so the estimate is less certain
For context
·2.36% dividend yield
Evidence: LowRange €19.93 – €33.22
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 10 days ago
Fair value updated Aug 27, 2026, revised from €26.66 to €26.58 (−0.3%) since Aug 13, 2026.
69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range €18.64 – €41.86 · fair‑value band €19.93 – €33.22 · the €26.42 price screens below the €26.58 fair value. Dashed = 300-day average. As of Aug 27, 2026.
There (JUN3) currently trades at €26.42, while our model-based Fair Value estimate is €26.58, implying the stock looks roughly 0.6% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of €43.12 per share, and 18 of the 24 models we run sit above the €26.42 price. Bear case: the Asset-Based group reads lowest at €9.60, and 6 of the 24 models stay below the price. Evidence for this calculation is low.
Net debt stands at €186M. Fundamentals as of Aug 27, 2026
Our scenario range runs from €19.93 (bear case) to €33.22 (bull case); at €26.42, the current price sits within 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 37% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at 1%, JUN3 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
ModelBear ⓘ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
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Key figures & financial health
Dividend yield2.4%
Net margin5.4%FY2024
Return on assets (EBIT)5.7%avg 5y
Free cash flow€440MFY2024
Net debt€186MFY2023 · ≈ 0.4 yrs of FCF
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality61/100
Of which business quality 58
· Market factors (momentum, volatility) 25
Profitability43
Margins and returns on capital today
Quality Growth40
Are margins and returns improving?
Cashflow64
Earnings quality: real cash, not paper profit
Fin. Strength58
Balance sheet, leverage, solvency risk
Investment69
Disciplined investing over empire-building
Low Volatility49
Calm price path (market factor)
Momentum16
Price trend over the last 3–12 months (market factor)
52W Momentum10
Distance to the 52-week high (market factor)
Net Issuance82
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
There is no Profile data available for JUN3.HA.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
There reported revenue of €5.4B in FY2024 versus €3.8B in FY2020, a compound +9.1%/yr. Reported net income was €289M in FY2024, compounding +17.6%/yr from FY2020.
Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€5.4B
Latest YoY
−2.8%
Avg. revenue growth/yr (3Y) ⓘ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.
+8.3%
Avg. revenue growth/yr (5Y) ⓘ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.
+5.8%
Avg. revenue growth/yr (8Y) ⓘ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.
+7.2%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.5% · in EUR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+11.1%
Dividend yield2.4%
Operating margin (EBIT) ⓘ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.6.5% (2019) → 7.9% (2024) · rising
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As of Aug 27, 2026, our model estimates a fair value of €26.58 versus a price of €26.42, about +1% upside (fairly valued).
What is the fair value of JUN3?
Our model-based fair value for There is €26.58 (as of Aug 27, 2026), built from audited fundamentals. The current price: €26.42.
What is the quality score of JUN3?
There has a Quality Score of 61/100. 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 There (JUN3)?
Our model-based price target is the fair value of €26.58 (as of Aug 27, 2026) from 24 valuation models. Cautious scenario €19.93, optimistic scenario €33.22. It is a calculation from audited fundamentals, not an analyst target.
What is the There stock forecast for 2026?
Our models put fair value at €26.58, about +1% upside versus a price of €26.42 (fairly valued). Cautious scenario €19.93, optimistic scenario €33.22. The calculation is refreshed regularly with new filings.
What is the net profit margin of JUN3?
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.
Does There pay a dividend?
There currently shows a dividend yield of about 2.36% relative to its recent price (as of Aug 27, 2026).
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