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Neurosoft Software Production (NRST) Fair Value & Analysis

Technology · IT · Market cap €16.8M

NS Neurosoft Software Production NRST · MI
Price€0.6400
Fair Value€1.30
Upside+103.1%
Quality57/100
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Mixed Growth
Thin margins · 3.4% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 40/100
Evidence: High Range €0.9600 – €1.63 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from €0.9300 to €1.30 (+39.8%) since Aug 8, 2026. Share price −0.8% over the past month.

A solid business, screening 103% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (€0.9600). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€1.52 €0.4600 Fair Value €1.30 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €0.4600 – €1.52 · fair‑value band €0.9600 – €1.63 · the €0.6400 price screens below the €1.30 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Neurosoft Software Production (NRST) currently trades at €0.6400, while our model-based Fair Value estimate is €1.30, implying the stock looks roughly 103.1% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Technology 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, Neurosoft Software Production generated revenue of €34.7M at a net margin of 3.4%. Revenue declined 13.6% year over year. It earns a return on equity of 13.4%. The balance sheet holds a net cash position of €2.9M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €0.9600 (bear case) to €1.63 (bull case); at €0.6400, 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. The share trades about 27% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 103%, NRST 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
Growth DCF €0.8500 €1.37 €2.06 80
Rev-Margin DCF €0.7900 €1.33 €2.08 74
ROIC Compounder €0.5700 €0.7100 €0.8700 72
All 24 models by family
DCF Models
FCF DCF €0.8800 €1.39 €2.42 38
Owner Earnings €0.7900 €1.33 €2.17 31
5Y Revenue Exit €0.7900 €1.35 €2.13 39
5Y EBITDA Exit €1.54 €2.99 €4.91 41
5Y P/E Exit €0.9400 €1.67 €2.55 38
10Y Revenue Exit €0.7900 €1.30 €2.12 36
10Y EBITDA Exit €1.25 €2.36 €4.24 37
10Y P/E Exit €0.9000 €1.51 €2.44 35
Earnings-Based
Graham-Dodd €0.3200 €1.81 €2.51 54
Lynch FV €0.5100 €0.7300 €0.9400 50
PEG = 1.0 €0.5100 €0.7300 €0.9400 46
EPV €0.5200 €0.5700 €0.6100 59
Multiples
P/E Multiple €0.9800 €1.30 €1.63 63
P/S Multiple €0.5900 €0.7900 €0.9900 58
P/B Multiple €0.5900 €0.7900 €0.9900 55
EV/EBIT €1.40 €1.85 €2.29 53
EV/EBITDA €2.12 €2.80 €3.48 54
EV/Revenue €0.7500 €1.04 €1.32 43
Asset-Based
NCAV (Graham) €0.1900 €0.2500 €0.3700 50
Growth DCF
Growth DCF €0.8500 €1.37 €2.06 80
Rev-Margin DCF €0.7900 €1.33 €2.08 74
Economic Profit
Residual Income €0.3100 €0.3500 €0.4900 61
ROIC Compounder €0.5700 €0.7100 €0.8700 72
Growth Earnings
Growth-Adj P/E €0.8700 €1.25 €1.62 68

Widest divergence: DCF Models (€1.39) versus Asset-Based (€0.2500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €34.7M
Revenue growth (YoY) -13.6%
Net margin 3.4%
Return on equity 13.4%
Free cash flow €2.0M FY2025
P/E ratio 12.8
More key figures
Operating margin 8.8%
EPS (TTM) €0.0500
EPS growth (YoY) -22.0%
Net cash €2.9M FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 60 · Market factors (momentum, volatility) 47

Profitability 57
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 46
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

Neurosoft Software Production S.A., an ICT company, provides managed and integrated services in Greece and internationally. It operates through Cyber Security Operations, Infrastructure & Cloud Operations, and Field Services Operations segments.

Full company description

Neurosoft Software Production S.A., an ICT company, provides managed and integrated services in Greece and internationally. It operates through Cyber Security Operations, Infrastructure & Cloud Operations, and Field Services Operations segments. The company offers offensive cybersecurity services, such as applications security, cloud security, infrastructure security assessment, ATM, kiosk, thin client, red and purple teaming, ransomware simulation, assume breach, workstation defense evaluation, password cracking, and vulnerability assessment; defensive cybersecurity services, including SOCaaS, managed detection and response, incident response, digital forensics analysis, cyber threat intelligence, and OT security service; and advisory services comprising CISOaaS, security awareness, compliance readiness, risk assessments, tabletop exercises, ransomware readiness assessment, and third party risk management services. It also provides infrastructure services, which includes architecture and design, infrastructure deployment, secure network connectivity, data center and cloud, security platforms, communication and collaboration, and business continuity and disaster recovery services; network management, infrastructure management, IT and cloud operations, security solutions management, patch and configuration management, observability and performance optimization, infrastructure lifecycle management operation services; and security services, such as zero trust network architecture, critical infrastructure and OT, Identity, Information, AI, SDLC security, and secure digital workplace. In addition, the company offers rollout, preventive, corrective, and logistic and warehousing field services. Neurosoft Software Production S.A. was founded in 1994 and is headquartered in Athens, Greece.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Neurosoft Software Production reported revenue of €34.7M in FY2025 versus €15.8M in FY2021, a compound +21.8%/yr. Reported net income was €1.2M in FY2025, compounding +7.3%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€34.7M
Latest YoY
−8.4%
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.
+14.7%
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.
+18.7%
Avg. growth/yr (19Y) 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%
Revenue +21.8%/yr
FY21 €15.8M
FY22 €23.0M
FY23 €27.3M
FY24 €37.9M
FY25 €34.7M
Net income +7.3%/yr
FY21 €898K
FY22 €1.3M
FY23 €1.3M
FY24 €1.7M
FY25 €1.2M

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Cite: Fair Value Calculator (2026). "Neurosoft Software Production Fair Value". https://www.fairvalue-calculator.com/stock/NRST

Peer Group

Information Technology Services · 490 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 57 · Above median
Fair Value upside +103% · Top 25%
Return on equity (TTM) 13% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth -14% · Bottom 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than 75% of peers
P/B 2.04× · Pricier than median
P/S (TTM) 0.56× · Cheaper than median
P/FCF 9.6× · Pricier than median
EV/EBITDA 8.3× · 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 100 · sector 33
FUTURE 0 · sector 30
PAST 53 · sector 35
HEALTH 100 · sector 97
DIVIDEND 0 · sector 40

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.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.98 $175.76 -26%
Accenture plc ACNN 2,460 MXN 300.07 MXN -88%
Tata Consultancy Services Limited TCS ₹2,350 ₹3,473 +48%
Infosys Limited INFY ₹1,176 ₹1,998 +70%
HCL Technologies Limited HCLTECH ₹1,365 ₹1,722 +26%
Wipro Limited WIPRO ₹183.94 ₹314.26 +71%
Tech Mahindra Limited TECHM ₹1,625 ₹1,521 -6%
Samsung SDS Co 018260 235,500 KRW 235,321 KRW -0%
Persistent Systems Limited PERSISTENT ₹5,474 ₹3,259 -40%
Hyundai Autoever Corporation 307950 433,000 KRW 186,323 KRW -57%

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Frequently asked questions

Is Neurosoft Software Production (NRST) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €1.30 versus a price of €0.6400, about +103% (undervalued).
What is the fair value of NRST?
Our model-based fair value for Neurosoft Software Production is €1.30 (as of Aug 13, 2026), built from audited fundamentals. The current price is €0.6400.
What is the quality score of NRST?
Neurosoft Software Production has a Quality Score of 57/100. 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 Neurosoft Software Production (NRST)?
Neurosoft Software Production reported trailing-twelve-month revenue of about €34.7M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of NRST?
The net profit margin of Neurosoft Software Production is about 3.4%, meaning it keeps roughly 3.4% 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.

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