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Option NV (OPTI) Fair Value & Analysis

Technology · BE · Market cap €15.2M

ON Option NV OPTI · BR
Price€5.40
Fair Value€0.8100
Upside-85.0%
Quality95/100
Evidence: Low Range €0.6000 – €1.01

Fair value as of: Jun 24, 2026

From 2 valuation models · updated 5 days ago

Share price −21.2% over the past month.

Price vs Fair Value (12 months)

€13.36 €4.01 Fair Value €0.8100 Jun 2025 Jun 2026

12‑month range €4.01 – €13.36 · fair‑value band €0.6000 – €1.01 · the €5.40 price screens above the €0.8100 fair value. As of Jun 24, 2026.

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Analysis

Option NV (OPTI) currently trades at €5.40, while our model-based Fair Value estimate is €0.8100 — implying the stock looks roughly 85.0% overvalued today. We read business quality at 95/100 (high quality), in the Technology 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, Option NV generated revenue of €12.4M at a net margin of -36.7%. Revenue declined 2.3% year over year. Net debt stands at €2.7M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €12.4M
Revenue growth (YoY) -2.3%
Net margin -36.7%
Return on equity -1,185%
Free cash flow −€1.1M FY2025
Operating margin -18.0%
More key figures
Net debt €2.7M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Option NV provides IoT technology, smart LED lighting, and integration services in Belgium and internationally. It operates through Solutions; Lighting; and Services. The company offers reliable, secure and green IoT engineering network services. It also produces and develops energy-efficient public lighting technology. In addition, the company is involved in cloud and infrastructure services. It serves public and private data center environments and small and medium-sized businesses. The company was formerly known as Crescent NV and change its name to Option NV in May 2018. Option NV was incorporated in 1980 and is based in Leuven, Belgium.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Option NV reported revenue of €9.2M in FY2025 versus €16.2M in FY2021, a compound −13.2%/yr. Reported net income was −€2.2M in FY2025.

Revenue −13.2%/yr
FY21 €16.2M
FY22 €15.7M
FY23 €11.4M
FY24 €12.6M
FY25 €9.2M
Net income
FY21 −€5.6M
FY22 −€2.1M
FY23 −€7.0M
FY24 −€3.0M
FY25 −€2.2M

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6 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Frequently asked questions

Is Option NV (OPTI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €0.8100 versus a price of €5.40 — about −85% (overvalued). Model-based estimate, not financial advice.
What is the fair value of OPTI?
Our 21-model fair value for Option NV is €0.8100 (as of Jun 24, 2026), built from audited fundamentals. The current price is €5.40.
What is the quality score of OPTI?
Option NV has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Option NV (OPTI)?
Option NV reported trailing-twelve-month revenue of about €12.4M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of OPTI?
The net profit margin of Option NV is about -36.7%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.