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H2 Core AG (M5S) Fair Value & Analysis

Financial Services · DE · Market cap €905K

HC H2 Core AG M5S · XETRA
Price€0.0825
Fair Value€0.0256
Upside-68.9%
Quality36/100
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Evidence: Low Range €0.0256 – €0.0333 📤 Share as image

Fair value as of: Jul 20, 2026

From 6 valuation models · updated yesterday

Fair value updated Jul 20, 2026, revised from €0.0100 to €0.0256 (+156.3%) since Jun 26, 2026. Share price −65.6% over the past month.

Price vs Fair Value (12 months)

€0.8600 €0.0765 Fair Value €0.0256 Jul 2025 Jul 2026

12‑month range €0.0765 – €0.8600 · fair‑value band €0.0256 – €0.0333 · the €0.0825 price screens above the €0.0256 fair value. As of Jul 20, 2026.

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Analysis

H2 Core AG (M5S) currently trades at €0.0825, while our model-based Fair Value estimate is €0.0256, implying the stock looks roughly 68.9% overvalued today. We read business quality at 36/100 (below-average quality), in the Financial Services 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: low).

Trailing-twelve-month revenue stands at €1.0M. Revenue grew 48.1% year over year. Fundamentals as of Jul 20, 2026

Our scenario range runs from €0.0256 (bear case) to €0.0333 (bull case); at €0.0825, the current price sits above that range. For context, the median of 10 Financial Services peers we cover trades at 53% fair-value upside, at -69%, M5S screens richer than that median.

Key figures & financial health

Revenue (TTM) €1.0M
Revenue growth (YoY) +48.1%
Net margin -239%
Return on equity -108%
Free cash flow €54.3K FY2023
Operating margin -63.1%
More key figures
EPS (TTM) €-0.0500

Figures from reported company fundamentals (EODHD) · as of Jul 20, 2026. TTM = trailing twelve months.

About the company

H2 Core AG, an investment company, engages in acquiring, managing, and selling investments in corporations and partnerships in Germany. The company was formerly known as MARNA Beteiligungen AG and changed its name to H2 Core AG in June 2024. H2 Core AG was founded in 2006 and is based in Heidelberg, Germany.

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

H2 Core AG reported revenue of €80.5K in FY2023 versus €18.6K in FY2019, a compound +44.1%/yr. Reported net income was −€301K in FY2023.

Revenue +44.1%/yr
FY19 €18.6K
FY20 €7.3K
FY21 €168K
FY22 €106K
FY23 €80.5K
Net income
FY19 −€355K
FY20 −€78.7K
FY21 €29.0K
FY22 −€87.3K
FY23 −€301K

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Cite: Fair Value Calculator (2026). "H2 Core AG Fair Value". https://www.fairvalue-calculator.com/stock/M5S

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Frequently asked questions

Is H2 Core AG (M5S) undervalued?
As of Jul 20, 2026, our model estimates a fair value of €0.0256 versus a price of €0.0825, about −69% (overvalued). Model-based estimate, not financial advice.
What is the fair value of M5S?
Our model-based fair value for H2 Core AG is €0.0256 (as of Jul 20, 2026), built from audited fundamentals. The current price is €0.0825.
What is the quality score of M5S?
H2 Core AG has a Quality Score of 36/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of H2 Core AG (M5S)?
H2 Core AG reported trailing-twelve-month revenue of about €1.0M (latest available figure, as of Jul 20, 2026).

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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.