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mwb fairtrade Wertpapierhandelsbank AG (MWB0) Fair Value & Analysis

Financial Services · DE · Market cap €85.6M

MF mwb fairtrade Wertpapierhandelsbank AG MWB0 · XETRA
Price€11.20
Fair Value€12.88
Upside+15.0%
Quality77/100
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Weak Growth
Highly profitable · 24.2% net margin
negative free cash flow
6.96% dividend yield
Ranks above peers (11/12)
Wide moat 90/100
Evidence: High Range €9.66 – €16.10 Share as image

Fair value as of: Jul 15, 2026

From 8 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from €4.17 to €12.88 (+208.9%) since Jun 26, 2026. Share price −2.6% over the past month.

A strong business, screening 15% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from €9.66 (bear) to €16.10 (bull), base €12.88. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 77/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€16.44 €2.05 Fair Value €12.88 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €2.05 – €16.44 · fair‑value band €9.66 – €16.10 · the €11.20 price screens below the €12.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

mwb fairtrade Wertpapierhandelsbank AG (MWB0) currently trades at €11.20, while our model-based Fair Value estimate is €12.88, implying the stock looks roughly 15.0% undervalued today. The Quality Score stands at 77/100 (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: high), always confirm before acting.

Over the trailing twelve months, mwb fairtrade Wertpapierhandelsbank AG generated revenue of €40.9M at a net margin of 18.0%. Revenue grew 46.6% year over year. It earns a return on equity of 31.0%. The balance sheet holds a net cash position of €10.5M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €9.66 (bear case) to €16.10 (bull case); at €11.20, the current price sits within 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 near its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at 15%, MWB0 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
Residual Income €9.49 €14.57 €137.44 76
Gordon GGM €1.96 €3.28 €4.26 70
P/E Multiple €15.68 €20.90 €26.13 63
All 8 models by family
Earnings-Based
Graham-Dodd €10.93 €60.71 €84.28 54
Lynch FV €16.95 €24.21 €31.48 50
Dividend Discount
Gordon GGM €1.96 €3.28 €4.26 70
DDM Multi-Stage €1.96 €3.11 €3.53 61
Multiples
P/E Multiple €15.68 €20.90 €26.13 63
P/B Multiple €4.51 €6.01 €7.52 55
Asset-Based
NCAV (Graham) €2.15 €2.88 €4.29 50
Economic Profit
Residual Income €9.49 €14.57 €137.44 76

Widest divergence: Earnings-Based (€24.21) versus Asset-Based (€2.88). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €40.9M
Revenue growth (YoY) +46.6%
Net margin 18.0%
Return on equity 31.0%
Free cash flow −€7.2M FY2008
P/E ratio 6.8
More key figures
Operating margin 23.3%
EPS (TTM) €1.54
Dividend yield 2.8%
Net cash €10.5M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 77/100

Of which business quality 71 · Market factors (momentum, volatility) 72

Profitability 89
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 73
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

mwb fairtrade Wertpapierhandelsbank AG operates as a securities trading bank in Germany. The company provides order book management and trading of equities, fixed-income securities, and open-ended investment funds, as well as proprietary trading, acting as a lead broker and specialist on several German stock exchanges; and equity and debt capital market …

Full company description

mwb fairtrade Wertpapierhandelsbank AG operates as a securities trading bank in Germany. The company provides order book management and trading of equities, fixed-income securities, and open-ended investment funds, as well as proprietary trading, acting as a lead broker and specialist on several German stock exchanges; and equity and debt capital market advisory, sales order execution, support for institutional clients, and designated sponsoring services for issuers. mwb fairtrade Wertpapierhandelsbank AG was founded in 1993 and is headquartered in Gräfelfing, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

mwb fairtrade Wertpapierhandelsbank AG reported revenue of €50.3M in FY2025 versus €53.5M in FY2021, a compound −1.5%/yr. Reported net income was €12.0M in FY2025, compounding −0.9%/yr from FY2021.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€50.3M
Latest YoY
+52.6%
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.
+22.7%
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.
−0.2%
Avg. growth/yr (23Y) 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.
+11.2%
Revenue −1.5%/yr
FY21 €53.5M
FY22 €27.3M
FY23 €23.5M
FY24 €33.0M
FY25 €50.3M
Net income −0.9%/yr
FY21 €12.4M
FY22 €1.4M
FY23 −€469K
FY24 €3.5M
FY25 €12.0M
Character of growth · EPS growth decomposed (2015-2025) +15.5 % p.a.
Revenue per share +11.0 pp

of which total revenue +11.3 pp · buybacks/dilution −0.3 pp

EBIT margin +10.0 pp
Tax rate −4.0 pp
Residual (interest, one-offs) −1.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "mwb fairtrade Wertpapierhandelsbank AG Fair Value". https://www.fairvalue-calculator.com/stock/MWB0

Peer Group

Capital Markets · 423 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 76 · Top 25%
Fair Value upside +15% · Above median
Return on equity (TTM) 44% · Top 25%
Return on assets 21% · Top 25%
Net margin (TTM) 24% · Above median
Operating margin (TTM) 29% · Above median
Revenue growth 45% · Above median
Dividend yield (TTM) 7.0% · Top 25%

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 5.1× · Cheaper than 75% of peers
P/B 3.09× · Pricier than 75% of peers
P/S (TTM) 2.00× · Cheaper than median
EV/EBITDA 5.2× · Cheaper than median

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.

VALUE 53 · sector 9
FUTURE 100 · sector 96
PAST 100 · sector 30
HEALTH 0 · sector 93
DIVIDEND 100 · sector 36

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

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NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
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Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is mwb fairtrade Wertpapierhandelsbank AG (MWB0) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €12.88 versus a price of €11.20, about +15% (undervalued).
What is the fair value of MWB0?
Our model-based fair value for mwb fairtrade Wertpapierhandelsbank AG is €12.88 (as of Jul 15, 2026), built from audited fundamentals. The current price is €11.20.
What is the quality score of MWB0?
mwb fairtrade Wertpapierhandelsbank AG has a Quality Score of 77/100. 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 mwb fairtrade Wertpapierhandelsbank AG (MWB0)?
mwb fairtrade Wertpapierhandelsbank AG reported trailing-twelve-month revenue of about €40.9M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of MWB0?
The net profit margin of mwb fairtrade Wertpapierhandelsbank AG is about 18.0%, meaning it keeps roughly 18.0% of revenue as net income. Based on the latest reported figures.
Does mwb fairtrade Wertpapierhandelsbank AG pay a dividend?
mwb fairtrade Wertpapierhandelsbank AG currently shows a dividend yield of about 2.80% relative to its recent price (as of Jul 15, 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.

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