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Münchener Tierpark Hellabrunn AG (MTP) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €75.0M

MT Münchener Tierpark Hellabrunn AG MTP · MU
Price€250.00
Fair Value€50.78
Upside-79.7%
Quality48/100
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Risks

!Trades 80% ABOVE our fair value of €50.78
!Mixed Growth
!Loss-making · -5.7% net margin
!Trails peers (0/9)
Mixed Growth
Loss-making · -5.7% net margin
Trails peers (0/9)
Narrow moat 14/100
Evidence: Low Range €39.61 – €61.95 Share as image

Fair value as of: Aug 20, 2026

From 5 valuation models · updated yesterday

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€61.95). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€290.00 €240.00 Fair Value €50.78 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 €240.00 – €290.00 · fair‑value band €39.61 – €61.95 · the €250.00 price screens above the €50.78 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Münchener Tierpark Hellabrunn AG (MTP) currently trades at €250.00, while our model-based Fair Value estimate is €50.78, implying the stock looks roughly 79.7% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical 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, Münchener Tierpark Hellabrunn AG generated revenue of €17.5M at a net margin of -5.7%. It earns a return on equity of -1.3%. Fundamentals as of Aug 20, 2026

Our scenario range runs from €39.61 (bear case) to €61.95 (bull case); at €250.00, 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 9% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at -80%, MTP screens richer 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
ROIC Compounder €22.06 €23.98 €25.53 67
EPV €22.06 €23.98 €25.53 59
EV/EBIT €39.61 €50.78 €61.95 53
All 5 models by family
Earnings-Based
EPV €22.06 €23.98 €25.53 59
Multiples
EV/EBIT €39.61 €50.78 €61.95 53
EV/Revenue €28.69 €38.37 €48.05 43
Asset-Based
NCAV (Graham) €21.84 €29.27 €43.69 50
Economic Profit
ROIC Compounder €22.06 €23.98 €25.53 67

Widest divergence: Multiples (€38.37) versus Earnings-Based (€23.98). Highest evidence: ROIC Compounder (67).

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Key figures & financial health

Revenue (TTM) €17.5M
Net margin -5.7%
Return on equity -1.3%
Operating margin -22.5%
EPS (TTM) €-4.45

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 48

Profitability 9
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 28
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

Münchener Tierpark Hellabrunn AG operates Hellabrunn zoo in Germany. The company was founded in 1911 and is based in Munich, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Münchener Tierpark Hellabrunn AG reported revenue of €17.9M in FY2025 versus €10.1M in FY2021, a compound +15.4%/yr. Reported net income was −€1.3M in FY2025.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€17.9M
Latest YoY
+2.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.7%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.5%
Revenue +15.4%/yr
FY21 €10.1M
FY22 €17.9M
FY23 €17.7M
FY24 €17.5M
FY25 €17.9M
Net income
FY21 €0
FY22 −€835K
FY23 −€515K
FY24 −€988K
FY25 −€1.3M

MTP screens 80% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "Münchener Tierpark Hellabrunn AG Fair Value". https://www.fairvalue-calculator.com/stock/MTP

Peer Group

Leisure · 191 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 48 · Below median
Fair Value upside −80% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -23% · Bottom 25%
Revenue growth 0% · Below median

Valuation Multiples vs Leisure median · lower = cheaper

P/B 6.68× · Pricier than 75% of peers
P/S (TTM) 5.01× · Pricier than 75% of peers

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 Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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ANTA Sports Products Limited 2020 HK$72.80 HK$119.82 +65%
Pop Mart International Group 9992 HK$151.00 HK$227.30 +51%
Amer Sports, Inc AS $33.03 $16.16 -51%
Hasbro, Inc HAS $94.89 $81.97 -14%
Life Time Group LTH $45.40 $15.61 -66%
Ninebot Limited 689009 ¥44.94 ¥39.73 -12%
Li Ning Company 2331 HK$14.59 HK$29.45 +102%
Asmodee Group ASMDEEB kr 158.70 kr 96.65 -39%
Smartfit Escola de Ginástica e Dança S.A SMFT3 R$17.25 R$22.90 +33%
Songcheng Performance Development Co 300144 ¥6.17 ¥6.85 +11%

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Frequently asked questions

Is Münchener Tierpark Hellabrunn AG (MTP) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €50.78 versus a price of €250.00, about −80% (overvalued).
What is the fair value of MTP?
Our model-based fair value for Münchener Tierpark Hellabrunn AG is €50.78 (as of Aug 20, 2026), built from audited fundamentals. The current price: €250.00.
What is the quality score of MTP?
Münchener Tierpark Hellabrunn AG has a Quality Score of 48/100. 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 Münchener Tierpark Hellabrunn AG (MTP)?
Münchener Tierpark Hellabrunn AG reported trailing-twelve-month revenue of about €17.5M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of MTP?
The net profit margin of Münchener Tierpark Hellabrunn AG is about -5.7%, meaning it is currently running at a net loss. 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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