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PAL Next AG (PAL) Fair Value & Analysis

Communication Services · DE · Market cap €33.3M

PN PAL Next AG PAL · XETRA
Price€0.9700
Fair Value€1.71
Upside+76.3%
Quality95/100
Evidence: Medium Range €1.20 – €2.21

Fair value as of: Jun 24, 2026

From 12 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from €11.17 to €1.71 (−84.7%) since Jun 23, 2026. Share price −3.6% over the past month.

Price vs Fair Value (12 months)

€1.65 €0.9236 Fair Value €1.71 Jun 2025 Jun 2026

12‑month range €0.9236 – €1.65 · fair‑value band €1.20 – €2.21 · the €0.9700 price screens below the €1.71 fair value. As of Jun 24, 2026.

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Analysis

PAL Next AG (PAL) currently trades at €0.9700, while our model-based Fair Value estimate is €1.71 — implying the stock looks roughly 76.3% undervalued today. We read business quality at 95/100 (high quality), in the Communication 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: medium) — always confirm before acting.

Over the trailing twelve months, PAL Next AG generated revenue of €23.2M at a net margin of -3.9%. It earns a return on equity of -28.9%. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €23.2M
Revenue growth (YoY) +593%
Net margin -3.9%
Return on equity -28.9%
Free cash flow €11.2M FY2025
Operating margin 2.9%
More key figures
EPS (TTM) €-0.1100
Net cash €888K FY2025

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

About the company

PAL Next AG engages in the production of own films and series in Germany. It is also involved in the technology-enabled content development. The company was formerly known as Pantaflix AG and changed its name to PAL Next AG in August 2024. PAL Next AG was founded in 2009 and is based in Munich, Germany. PAL Next AG operates as a subsidiary of Blackmars Capital Gmbh.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PAL Next AG reported revenue of €23.0M in FY2025 versus €42.6M in FY2021, a compound −14.3%/yr. Reported net income was −€909K in FY2025.

Revenue −14.3%/yr
FY21 €42.6M
FY22 €19.7M
FY23 €35.4M
FY24 €4.2M
FY25 €23.0M
Net income
FY21 −€2.1M
FY22 −€7.9M
FY23 −€3.6M
FY24 −€3.4M
FY25 −€909K

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Similar stocks

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

Stock Price Fair Value vs Fair Value
Netflix, Inc NFC €64.57 €57.58 -11%
The Walt Disney Company DIS C$11.30 C$7.43 -34%
Warner Bros. Discovery, Inc WBD $26.23 $4.82 -82%
Universal Music Group UMG €18.23 €14.73 -19%
TKO Group TKO $206.43 $174.49 -15%
Live Nation Entertainment, Inc LYV $170.56 $46.89 -73%

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Frequently asked questions

Is PAL Next AG (PAL) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €1.71 versus a price of €0.9700 — about +76% (undervalued). Model-based estimate, not financial advice.
What is the fair value of PAL?
Our 21-model fair value for PAL Next AG is €1.71 (as of Jun 24, 2026), built from audited fundamentals. The current price is €0.9700.
What is the quality score of PAL?
PAL Next AG has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PAL Next AG (PAL)?
PAL Next AG reported trailing-twelve-month revenue of about €23.2M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of PAL?
The net profit margin of PAL Next AG is about -3.9%, 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.