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Mare Group (MARE) Fair Value & Analysis

Industrials · IT · Market cap €79.8M

MG Mare Group MARE · MI
Price€4.14
Fair Value€1.59
Upside-61.6%
Quality34/100
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Evidence: Low Range €1.19 – €2.37

Fair value as of: Jul 4, 2026

From 1 valuation models · updated today

Share price +7.8% over the past month.

Price vs Fair Value (12 months)

€4.28 €3.19 Fair Value €1.59 Jul 2025 Jul 2026

12‑month range €3.19 – €4.28 · fair‑value band €1.19 – €2.37 · the €4.14 price screens above the €1.59 fair value. As of Jul 4, 2026.

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Analysis

Mare Group (MARE) currently trades at €4.14, while our model-based Fair Value estimate is €1.59 — implying the stock looks roughly 61.6% overvalued today. We read business quality at 34/100 (below-average quality), in the Industrials 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).

Over the trailing twelve months, Mare Group generated revenue of €59.1M at a net margin of -14.7%. Revenue grew 42.6% year over year. It earns a return on equity of -22.1%. Net debt stands at €57.0M. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) €59.1M
Revenue growth (YoY) +42.6%
Net margin -14.7%
Return on equity -22.1%
Free cash flow −€16.2M FY2025
Operating margin -19.3%
More key figures
EPS (TTM) €-0.4500
Dividend yield 0.7%
Net debt €57.0M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Mare Group S.p.A., together with its subsidiaries, provides digital engineering services in Italy and Europe. The company offers applied engineering services, including manufacturing engineering, product design, engineering analysis and simulation, and predictive diagnostics for aerospace, automotive, manufacturing, and railway industries. It also provides digital services, such as business application, artificial intelligence, hyperautomation, smart data, ERP, business intelligence, and extended reality, as well as IT on Misura, software consulting and development, cloud services, IT security and management, cyber security, and software design. In addition, the company offers digital products comprising SolveUp, a remote assistance operations solution; Marker, a market analysis software; DriveMyJob, a cloud-based job management system for SMEs; VideoSop, a system for authoring and managing video guides on the production line; Ergoky, a solution that combines hardware and software …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mare Group reported revenue of €59.1M in FY2025 versus €18.4M in FY2021, a compound +33.9%/yr. Reported net income was −€8.7M in FY2025.

Revenue +33.9%/yr
FY21 €18.4M
FY22 €25.3M
FY23 €27.4M
FY24 €31.7M
FY25 €59.1M
Net income
FY21 €2.1M
FY22 €3.7M
FY23 €2.4M
FY24 €1.8M
FY25 −€8.7M

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6 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

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China State Construction Engineering Corporation 601668 ¥4.65 ¥17.35 +273%
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Hyundai Engineering & Construction Co 000720 127,800 KRW 55,602 KRW -56%
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Frequently asked questions

Is Mare Group (MARE) undervalued?
As of Jul 4, 2026, our model estimates a fair value of €1.59 versus a price of €4.14 — about −62% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MARE?
Our model-based fair value for Mare Group is €1.59 (as of Jul 4, 2026), built from audited fundamentals. The current price is €4.14.
What is the quality score of MARE?
Mare Group has a Quality Score of 34/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mare Group (MARE)?
Mare Group reported trailing-twelve-month revenue of about €59.1M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of MARE?
The net profit margin of Mare Group is about -14.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Mare Group pay a dividend?
Mare Group currently shows a dividend yield of about 0.72% relative to its recent price (as of Jul 4, 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.

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