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Klassik Radio AG (KA8) Fair Value & Analysis

Communication Services · DE · Market cap €14.5M

KR Klassik Radio AG KA8 · XETRA
Price€3.00
Fair Value€5.50
Upside+83.3%
Quality78/100
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Mixed Growth
Thin margins · 10.0% net margin
Low debt · generates free cash flow
5.67% dividend yield
Ranks above peers (10/14)
Wide moat 68/100
Evidence: High Range €3.69 – €6.82 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €2.67 to €5.50 (+106.0%) since Jun 24, 2026.

A strong business, screening 83% undervalued on our models.

What matters now

  • The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (€3.69). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (€3.69 to €6.82) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€4.85 €2.70 Fair Value €5.50 Jun 2021 Aug 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 €2.70 – €4.85 · fair‑value band €3.69 – €6.82 · the €3.00 price screens below the €5.50 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

Klassik Radio AG (KA8) currently trades at €3.00, while our model-based Fair Value estimate is €5.50, implying the stock looks roughly 83.3% undervalued today. The Quality Score stands at 78/100 (high quality), in the Communication Services 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, Klassik Radio AG generated revenue of €20.0M at a net margin of 2.5%. Revenue grew 8.0% year over year. It earns a return on equity of 11.8%. The stock trades on a trailing P/E of 27.5. Fundamentals as of Jul 16, 2026

Our scenario range runs from €3.69 (bear case) to €6.82 (bull case); at €3.00, the current price sits below 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 24% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at 83%, KA8 screens cheaper 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 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
Highest evidence
Growth DCF €2.03 €2.65 €3.36 80
Residual Income €2.55 €3.78 €33.58 76
Rev-Margin DCF €2.32 €3.58 €5.02 74
All 26 models by family
DCF Models
FCF DCF €2.02 €2.74 €3.61 38
Owner Earnings €4.92 €6.72 €8.93 31
5Y Revenue Exit €2.32 €3.58 €5.16 39
5Y EBITDA Exit €2.92 €4.69 €6.73 41
5Y P/E Exit €4.59 €7.77 €11.10 38
10Y Revenue Exit €2.11 €3.10 €4.41 36
10Y EBITDA Exit €2.49 €3.76 €5.42 37
10Y P/E Exit €3.39 €5.58 €8.24 35
Earnings-Based
Graham-Dodd €3.03 €9.07 €12.02 54
Lynch FV €1.92 €2.74 €3.57 50
PEG = 1.0 €1.92 €2.74 €3.57 46
EPV €1.95 €2.17 €2.35 59
Dividend Discount
Gordon GGM €1.05 €1.75 €2.27 70
DDM Multi-Stage €1.05 €1.54 €1.88 61
Multiples
P/E Multiple €7.36 €9.81 €12.27 63
P/S Multiple €5.69 €7.58 €9.48 58
P/B Multiple €2.64 €3.52 €4.40 55
EV/EBIT €3.53 €4.67 €5.80 53
EV/EBITDA €4.11 €5.44 €6.76 54
EV/Revenue €2.71 €3.81 €4.92 43
Asset-Based
NCAV (Graham) €0.5000 €0.6700 €1.01 50
Growth DCF
Growth DCF €2.03 €2.65 €3.36 80
Rev-Margin DCF €2.32 €3.58 €5.02 74
Economic Profit
Residual Income €2.55 €3.78 €33.58 76
ROIC Compounder €2.04 €2.37 €2.71 72
Growth Earnings
Growth-Adj P/E €5.98 €8.54 €11.10 68

Widest divergence: Growth Earnings (€8.54) versus Asset-Based (€0.6700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €21.6M
Revenue growth (YoY) +12.8%
Net margin 10.0%
Return on equity 52.0%
Free cash flow €1.1M FY2025
P/E ratio 6.7
More key figures
Operating margin 17.3%
EPS (TTM) €0.4500
Dividend yield 5.7%
EPS growth (YoY) +107%
Net cash €895K FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 74 · Market factors (momentum, volatility) 50

Profitability 89
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 34
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

Klassik Radio AG engages in radio broadcasting business in Germany. The company operates as a radio station that streams classical hits, film music, and new classics forms, as well as current news about business, stock exchange, media and culture, and other topics.

Full company description

Klassik Radio AG engages in radio broadcasting business in Germany. The company operates as a radio station that streams classical hits, film music, and new classics forms, as well as current news about business, stock exchange, media and culture, and other topics. It is also involved in radio advertising; digital online audio advertising; acquisition of advertising contracts; and online radio shop, as well as production and distribution of concerts, owned produced music, and book and audiobook. The company was founded in 1986 and is based in Augsburg, Germany. Klassik Radio AG operates as a subsidiary of UK Media Invest GmbH.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Klassik Radio AG reported revenue of €21.6M in FY2025 versus €15.0M in FY2021, a compound +9.5%/yr. Reported net income was €2.2M in FY2025, compounding +12.2%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€21.6M
Latest YoY
+11.2%
Avg. 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.
+7.7%
Avg. 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.
+8.0%
Avg. growth/yr (21Y) 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.
+8.9%
Revenue +9.5%/yr
FY21 €15.0M
FY22 €17.3M
FY23 €19.8M
FY24 €19.4M
FY25 €21.6M
Net income +12.2%/yr
FY21 €1.4M
FY22 €544K
FY23 €638K
FY24 €586K
FY25 €2.2M

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Cite: Fair Value Calculator (2026). "Klassik Radio AG Fair Value". https://www.fairvalue-calculator.com/stock/KA8

Peer Group

Broadcasting · 69 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 78 · Top 25%
Fair Value upside +83% · Top 25%
Return on equity (TTM) 52% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 5.7% · Above median
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 6.7× · Cheaper than 75% of peers
P/B 3.45× · Pricier than 75% of peers
P/S (TTM) 0.78× · Pricier than median
P/FCF 15.0× · Pricier than 75% of peers
EV/EBITDA 6.9× · 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 100 · sector 36
FUTURE 64 · sector 0
PAST 100 · sector 3
HEALTH 96 · sector 96
DIVIDEND 100 · sector 47

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.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $183.71 $78.52 -57%
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Zee Entertainment Enterprises Limited ZEEL ₹92.61 ₹53.22 -43%

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Frequently asked questions

Is Klassik Radio AG (KA8) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €5.50 versus a price of €3.00, about +83% (undervalued).
What is the fair value of KA8?
Our model-based fair value for Klassik Radio AG is €5.50 (as of Jul 16, 2026), built from audited fundamentals. The current price is €3.00.
What is the quality score of KA8?
Klassik Radio AG has a Quality Score of 78/100. 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 revenue of Klassik Radio AG (KA8)?
Klassik Radio AG reported trailing-twelve-month revenue of about €20.0M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of KA8?
The net profit margin of Klassik Radio AG is about 2.5%, meaning it keeps roughly 2.5% 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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