LAMDA Development S.A (LAMDA) Fair Value & Analysis
Real Estate · GR · Market cap €1.1B
Fair value as of: Jul 26, 2026
From 7 valuation models · updated 15 days ago
Share price −1.2% over the past month.
Below-average quality, and screening another 22% overvalued on our models.
What matters now
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.
How to read this chart
60‑month range €5.16 – €8.43 · fair‑value band €4.97 – €7.26 · the €6.40 price screens above the €4.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.
Analysis
LAMDA Development S.A (LAMDA) currently trades at €6.40, while our model-based Fair Value estimate is €4.97, implying the stock looks roughly 22.3% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Real Estate 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).
Over the trailing twelve months, LAMDA Development S.A generated revenue of €565M at a net margin of 16.0%. Revenue declined 57.4% year over year. It earns a return on equity of 7.2%. Net debt stands at €712M. Fundamentals as of Jul 26, 2026
Our scenario range runs from €4.97 (bear case) to €7.26 (bull case); at €6.40, 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 20% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -22%, LAMDA 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.
All 7 models by family
Widest divergence: Economic Profit (€5.95) versus Multiples (€5.10). Highest evidence: Residual Income (61).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 51
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
LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, and project management in commercial real estate market in Greece, Serbia, Romania, and Montenegro.
Full company description
LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, and project management in commercial real estate market in Greece, Serbia, Romania, and Montenegro. Its development portfolio includes three shopping and leisure centers, including the Mall Athens and Golden Hall in Athens, as well as Mediterranean Cosmos in Thessaloniki; office complex in Greece and Romania; and Flisvos Marina in Faliro, as well as the metropolitan redevelopment of Hellinikon Airport area. The company was founded in 1977 and is based in Marousi, Greece.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
LAMDA Development S.A reported revenue of €567M in FY2025 versus €79.7M in FY2021, a compound +63.3%/yr. Reported net income was €90.5M in FY2025, compounding −17.1%/yr from FY2021.
LAMDA screens 22% overvalued. Compare with DLF Limited →
Peer Group
Real Estate - Development · 588 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.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DLF Limited DLF | ₹657.75 | ₹159.49 | -76% |
| Lodha Developers Limited LODHA | ₹1,188 | ₹583.43 | -51% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 6,125 IDR | 1,330 IDR | -78% |
| Oberoi Realty Limited OBEROIRLTY | ₹1,925 | ₹1,183 | -39% |
| Godrej Properties Limited GODREJPROP | ₹2,102 | ₹1,044 | -50% |
| PT Jaya Real Property, Tbk., JRPT | 1,080 IDR | 1,674 IDR | +55% |
| PT Bumi Serpong Damai Tbk, BSDE | 555.00 IDR | 1,388 IDR | +150% |
| PT Sentul City Tbk, BKSL | 64.00 IDR | 84.16 IDR | +32% |
| PT Ciputra Development Tbk, CTRA | 555.00 IDR | 1,388 IDR | +150% |
| PT Duta Pertiwi Tbk DUTI | 4,100 IDR | 6,239 IDR | +52% |
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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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