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There (PA8) Fair Value & Analysis

Other · DE · Market cap €97.3M

T There PA8 · STU
Price€0.0600
Fair Value€0.0300
Upside-50.0%
Quality62/100
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Risks

!Trades 50% ABOVE our fair value of €0.0300
!Mixed Growth
!Thin margins · 0.0% net margin
!High debt · generates free cash flow
Mixed Growth
Thin margins · 0.0% net margin
High debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 41/100
Evidence: Medium Range €0.0300 – €0.0300 Share as image

Fair value as of: Aug 20, 2026

From 10 valuation models · updated yesterday

Share price −0.8% over the past month.

A solid business, but screening 50% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (€0.0300). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€7.83 €0.0002 Fair Value €0.0300 Apr 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 €0.0002 – €7.83 · the €0.0600 price screens above the €0.0300 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

There (PA8) currently trades at €0.0600, while our model-based Fair Value estimate is €0.0300, implying the stock looks roughly 50.0% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Other 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: medium).

The share trades about 78% below its 52-week high, currently above its 200-day average. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at -50%, PA8 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
Growth DCF €0.0200 €0.0400 €0.0700 80
Rev-Margin DCF €0.0100 €0.0200 €0.0500 74
EV/EBITDA €0.0100 €0.0100 €0.0200 54
All 10 models by family
DCF Models
FCF DCF €0.0300 €0.0400 €0.0800 38
5Y Revenue Exit €0.0100 €0.0200 €0.0400 39
5Y EBITDA Exit €0.0200 €0.0300 €0.0500 41
10Y Revenue Exit €0.0200 €0.0300 €0.0400 36
10Y EBITDA Exit €0.0200 €0.0400 €0.0700 37
Multiples
EV/EBIT €0.0100 €0.0100 53
EV/EBITDA €0.0100 €0.0100 €0.0200 54
EV/Revenue €0.0100 €0.0100 43
Growth DCF
Growth DCF €0.0200 €0.0400 €0.0700 80
Rev-Margin DCF €0.0100 €0.0200 €0.0500 74

Widest divergence: DCF Models (€0.0300) versus Multiples (€0.0100). Highest evidence: Growth DCF (80).

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Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 35

Profitability 37
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 90
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

There is no Profile data available for PA8.SG.

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

Revenue & earnings trend

FY2018 – FY2022 · reported fiscal years

There reported revenue of €33.2M in FY2022 versus €2.8M in FY2018, a compound +86.2%/yr. Reported net income was −€579K in FY2022.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2022)
€33.2M
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.
+60.8%
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.
+41.7%
Avg. growth/yr (6Y) 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.
+40.8%
Revenue +86.2%/yr
FY18 €2.8M
FY19 €8.0M
FY20 €19.7M
FY21 €7.1M
FY22 €33.2M
Net income
FY18 −€9.9M
FY19 −€7.0M
FY20 €2.2M
FY21 −€21.8M
FY22 −€579K

PA8 screens 50% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "There Fair Value". https://www.fairvalue-calculator.com/stock/PA8

Peer Group

Other · 384 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 62 · Top 25%
Fair Value upside −50% · Below median
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Top 25%
Debt / equity 2.79× · Higher than 75% of peers

Valuation Multiples vs Other median · lower = cheaper

P/B 17.17× · Pricier than 75% of peers
P/FCF 26.1× · Pricier than 75% of peers
EV/EBITDA 28.2× · 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

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Frequently asked questions

Is There (PA8) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €0.0300 versus a price of €0.0600, about −50% (overvalued).
What is the fair value of PA8?
Our model-based fair value for There is €0.0300 (as of Aug 20, 2026), built from audited fundamentals. The current price: €0.0600.
What is the quality score of PA8?
There has a Quality Score of 62/100. 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 net profit margin of PA8?
The net profit margin of There is about 0.0%, meaning it keeps roughly 0.0% 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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