There (MOH) Fair Value & Analysis
Consumer Cyclical · DE · Market cap €358B · ISIN FR0000121014
What is There really worth?
A solid business, but trading 47% above our fair value of €299.13.
As of Aug 30, 2026, the fair value of There is €299.13 per share against a price of €438.45, so the fair value sits 32% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 23 valuation models · updated 7 days ago
Fair value updated Aug 30, 2026, revised from €269.92 to €299.13 (+10.8%) since Aug 13, 2026.
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What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (€384.39). The favourable scenario is already priced in.
- A fairly wide model range (€198.57 to €384.39) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range €426.84 – €838.51 · fair‑value band €198.57 – €384.39 · the €438.45 price screens above the €299.13 fair value. Dashed = 300-day average. As of Aug 30, 2026.
Analysis
There (MOH) currently trades at €438.45, while our model-based Fair Value estimate is €299.13, implying the stock looks roughly 46.6% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of €285.45 per share, and 0 of the 23 models we run sit above the €438.45 price. Bear case: the Asset-Based group reads lowest at €55.43, and 23 of the 23 models stay below the price. Evidence for this calculation is high.
Net debt stands at €11.6B. Fundamentals as of Aug 30, 2026
Our scenario range runs from €198.57 (bear case) to €384.39 (bull case); at €438.45, the current price sits above 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 31% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −32%, MOH screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 23 models by family
Widest divergence: DCF Models (€285.45) versus Asset-Based (€55.43). Highest evidence: FCF DCF (80).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 31
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
There is no Profile data available for MOH.HA.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
There reported revenue of €80.8B in FY2025 versus €64.2B in FY2021, a compound +5.9%/yr. Reported net income was €10.9B in FY2025, compounding −2.5%/yr from FY2021.
MOH screens 47% overvalued. Compare with Hermès International Société en commandite par actions →
Strength profile in five axes (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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hermès International Société en commandite par actions RMS | €1,598 | €950.24 | −41% |
| Compagnie Financière Richemont SA CFR | CHF 192.15 | CHF 119.49 | −38% |
| Christian Dior SE DIO | €423.60 | €1,095 | +159% |
| Titan Company TITAN | ₹5,106 | ₹972.23 | −81% |
| Tapestry, Inc TPR | $153.74 | $19.95 | −87% |
| Chow Tai Fook Jewellery Group 1929 | HK$12.31 | HK$11.51 | −6% |
| The Swatch Group UHRN | CHF 36.35 | CHF 8.46 | −77% |
| Prada S.p.A 1913 | HK$40.86 | HK$64.71 | +58% |
| Pandora A/S PNDORA | kr 783.00 | kr 1,424 | +82% |
| Laopu Gold Co 6181 | HK$385.00 | HK$654.83 | +70% |
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