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MBK (MBK) Fair Value & Analysis

Financial Services · DE · Market cap €108M

M MBK MBK · XETRA
Price€11.00
Fair Value€22.00
Upside+100.0%
Quality90/100
Evidence: Medium Range €16.50 – €27.50

Fair value as of: Jun 26, 2026

From 23 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from €24.90 to €22.00 (−11.6%) since Jun 25, 2026. Share price −20.9% over the past month.

Price vs Fair Value (12 months)

€20.00 €11.00 Fair Value €22.00 Jun 2025 Jun 2026

12‑month range €11.00 – €20.00 · fair‑value band €16.50 – €27.50 · the €11.00 price screens below the €22.00 fair value. As of Jun 26, 2026.

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Analysis

MBK (MBK) currently trades at €11.00, while our model-based Fair Value estimate is €22.00 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 90/100 (high quality), in the Financial 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: medium) — always confirm before acting.

Over the trailing twelve months, MBK generated revenue of €118M at a net margin of 12.4%. Revenue grew 1.5% year over year. It earns a return on equity of 4.3%. Net debt stands at €34.7M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €118M
Revenue growth (YoY) +1.5%
Net margin 12.4%
Return on equity 4.3%
Free cash flow €2.7M FY2022
P/E ratio 8.7
More key figures
Operating margin 26.9%
EPS (TTM) €1.59
EPS growth (YoY) +12.0%
Net debt €34.7M FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Merkur PrivatBank KgaA offers various private banking products and services in Germany. The company provides business, private, and securities accounts; fixed deposits; wealth management services; master cards; and SME, real estate, and developer financing, as well as lease refinancing. It also offers online and mobile banking services. The company was founded in 1923 and is based in Munich, Germany.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MBK reported revenue of €105M in FY2025 versus €82.7M in FY2021, a compound +6.3%/yr. Reported net income was €14.9M in FY2025, compounding +12.9%/yr from FY2021.

Revenue +6.3%/yr
FY21 €82.7M
FY22 €98.8M
FY23 €119M
FY24 €222M
FY25 €105M
Net income +12.9%/yr
FY21 €9.2M
FY22 €9.9M
FY23 €10.5M
FY24 €11.6M
FY25 €14.9M

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Frequently asked questions

Is MBK (MBK) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €22.00 versus a price of €11.00 — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MBK?
Our 21-model fair value for MBK is €22.00 (as of Jun 26, 2026), built from audited fundamentals. The current price is €11.00.
What is the quality score of MBK?
MBK has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of MBK (MBK)?
MBK reported trailing-twelve-month revenue of about €118M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MBK?
The net profit margin of MBK is about 12.4%, meaning it keeps roughly 12.4% 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.

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