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Ming Le Sports AG (ML2) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €246K

ML Ming Le Sports AG ML2 · F
Price€0.1000
Fair Value€0.2480
Upside+148.0%
Quality37/100
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Strengths

Trades 148% below our fair value of €0.2480

Risks

!Weak Growth
!Thin margins · 0.0% net margin
!negative free cash flow
!Trails peers (2/7)
Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (2/7)
Narrow moat 5/100
Evidence: Low Range €0.1680 – €0.3040 Share as image

Fair value as of: Aug 20, 2026

From 1 valuation models · updated 2 days ago

Share price +9,900.0% over the past month.

Below-average quality, screening 148% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€0.1680). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€0.1680 to €0.3040) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€3.00 €0.0005 Fair Value €0.2480 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range €0.0005 – €3.00 · fair‑value band €0.1680 – €0.3040 · the €0.1000 price screens below the €0.2480 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Ming Le Sports AG (ML2) currently trades at €0.1000, while our model-based Fair Value estimate is €0.2480, implying the stock looks roughly 148.0% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at €2.1K. It earns a return on equity of -30.4%. Fundamentals as of Aug 20, 2026

Our scenario range runs from €0.1680 (bear case) to €0.3040 (bull case); at €0.1000, 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. For context, the median of 10 Consumer Cyclical peers we cover trades at 27% fair-value upside, at 148%, ML2 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
NCAV (Graham) €0.1500 €0.2000 €0.2900 50
All 1 models by family
Asset-Based
NCAV (Graham) €0.1500 €0.2000 €0.2900 50

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Key figures & financial health

Revenue (TTM) €2.1K
Revenue growth (YoY) -94.8%
Return on equity -30.4%
Free cash flow −€217K FY2025
Operating margin -3,968%
EPS (TTM) €-0.1000
More key figures
EPS growth (YoY) -81.0%

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 38 · Market factors (momentum, volatility) 13

Profitability 0
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Ming Le Sports AG engages in research, development, manufacturing, sale, distribution, and marketing of footwear, clothing, accessories, and sporting goods. It offers sports shoes, sportswear, and accessories. The company was founded in 2000 and is based in Mühltal, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ming Le Sports AG reported revenue of €2.1K in FY2025 versus €0 in FY2021. Reported net income was −€322K in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Revenue
FY21 €0
FY22 €0
FY23 €0
FY24 €0
FY25 €2.1K
Net income
FY21 −€213K
FY22 −€586K
FY23 €121K
FY24 −€209K
FY25 −€322K

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Cite: Fair Value Calculator (2026). "Ming Le Sports AG Fair Value". https://www.fairvalue-calculator.com/stock/ML2

Peer Group

Apparel Manufacturing · 215 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 38 · Bottom 25%
Fair Value upside +150% · Top 25%
Return on assets -19% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth -95% · Bottom 25%

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/B 0.32× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 26
FUTURE0 · sector 2
PAST0 · sector 19
HEALTH0 · sector 98
DIVIDEND0 · sector 51

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

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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LPP SA LPP 22,220 PLN 17,754 PLN -20%
Bosideng International Holdings 3998 HK$4.65 HK$5.92 +27%
Youngor Fashion Co 600177 ¥7.91 ¥5.59 -29%
Page Industries Limited PAGEIND ₹38,295 ₹12,395 -68%
Hla Group 600398 ¥6.07 ¥9.92 +63%
Youngone Corporation 111770 85,200 KRW 188,736 KRW +122%
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Youngone Holdings 009970 188,300 KRW 697,038 KRW +270%
Wiselink Co 8932 105.00 TWD 37.95 TWD -64%

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Frequently asked questions

Is Ming Le Sports AG (ML2) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €0.2480 versus a price of €0.1000, about +148% (undervalued).
What is the fair value of ML2?
Our model-based fair value for Ming Le Sports AG is €0.2480 (as of Aug 20, 2026), built from audited fundamentals. The current price: €0.1000.
What is the quality score of ML2?
Ming Le Sports AG has a Quality Score of 37/100. 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 Ming Le Sports AG (ML2)?
Ming Le Sports AG reported trailing-twelve-month revenue of about €2.1K (latest available figure, as of Aug 20, 2026).
What is the net profit margin of ML2?
The net profit margin of Ming Le Sports AG is about 0.0%, meaning it keeps roughly 0.0% 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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