Phoenix Spree Deutschland Ltd (PSDL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Phoenix Spree Deutschland Ltd stock £0.69, price £1.34, that is 48.5% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range £1.25 – £4.00 · fair‑value band £0.5800 – £0.8000 · the £1.34 price screens above the £0.6900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Phoenix Spree Deutschland Limited is a public limited company incorporated in Jersey, Channel Islands under the Companies (Jersey) Law 1991 (as amended).
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The Company has a listing on the Official List of the Financial Conduct Authority and was originally admitted to the premium segment of the Main Market of the London Stock Exchange on 15 June 2015.
Following shareholder approval at the EGM of the Company held on 12 March 2025 (the 2025 EGM), the Group has new objective to realise the value of its existing assets through a carefully managed Portfolio realisation, resulting in a managed sell down of firm portfolio over time, with a view to returning available cash to shareholders.
The Group is primarily invested in the residential market in Berlin, supplemented with selective investments in commercial property. The majority of commercial property within the Portfolio is located within residential and mixed-use properties.
Phoenix Spree Deutschland Limited was incorporated in 2007 in Jersey.
Stock analysis
Phoenix Spree Deutschland Ltd (PSDL) currently trades at £1.34, while our model-based Fair Value estimate is £0.6900, 49% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at medium.
Scenario range: £0.5800 (bear) to £0.8000 (bull), the price of £1.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2014: revenue and profit before it include the divested business. Growth is measured afresh from 2014.
Phoenix Spree Deutschland Ltd reported revenue of €5.2M in FY2025 versus €25.8M in FY2021, a compound −33.1%/yr. Reported net income was −€6.4M in FY2025.
Key figures
Market cap £123M Micro · P/S ratio 5.12 · EPS (TTM) £−0.0300 · Net margin −13.9% · Return on equity −1.3% · Return on assets (EBIT) −4.7% (5-year average) · Operating margin 21.1% · Revenue growth (YoY) −6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −49%, PSDL screens richer than that median.
Fair Value models
Bear£0.5800Fair Value £0.6900Bull£0.8000
Price £1.34 · Downside -48.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2014: revenue and profit before it include the divested business. Growth is measured afresh from 2014.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−41.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−26.3%
Start year 2020 (pandemic). Over 10 years: −8.1% a year
Revenue growth 11 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
9.8% (2019) → −262.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+52.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +49.0% a year for the price.
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Peer Groupⓘ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.Real Estate Services · 472 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−48.5% · Bottom 25%
Profitability
Return on assets−1.1% · Bottom 25%
Net margin (12 months)−13.9% · Bottom 25%
Operating margin (12 months)21.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)−6.8% · Bottom 25%
Balance sheet
Debt / equity1.06× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Phoenix Spree Deutschland Ltd Fair Value". https://www.fairvalue-calculator.com/stock/PSDL
Frequently asked questions
Is Phoenix Spree Deutschland Ltd (PSDL) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £0.6900 versus a price of £1.34, about 49% lower (overvalued).
What is the fair value of PSDL?
Our model-based fair value for Phoenix Spree Deutschland Ltd is £0.6900 (as of Nov 8, 2026), built from audited fundamentals. The current price: £1.34.
What is the quality score of PSDL?
Phoenix Spree Deutschland Ltd has a Quality Score of 63/100. 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 price target for Phoenix Spree Deutschland Ltd (PSDL)?
Our model-based price target is the fair value of £0.6900 (as of Nov 8, 2026) from 2 valuation models. Cautious scenario £0.5800, optimistic scenario £0.8000. It is a calculation from audited fundamentals, not an analyst target.
What is the Phoenix Spree Deutschland Ltd stock forecast for 2026?
Our models put fair value at £0.6900, about 49% lower versus a price of £1.34 (overvalued). Cautious scenario £0.5800, optimistic scenario £0.8000. The calculation is refreshed regularly with new filings.
What growth is priced into Phoenix Spree Deutschland Ltd (PSDL)?
For today's price to be fair in a discounted-cash-flow model, Phoenix Spree Deutschland Ltd would have to grow free cash flow by +52.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -26.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of PSDL use?
Our models discount Phoenix Spree Deutschland Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.39, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Phoenix Spree Deutschland Ltd that is +52.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Phoenix Spree Deutschland Ltd (PSDL) delivered so far?
Over the past 5 years revenue at Phoenix Spree Deutschland Ltd grew -26.3 % a year. The price currently implies free-cash-flow growth of +52.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Phoenix Spree Deutschland Ltd (PSDL) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Phoenix Spree Deutschland Ltd (+52.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Phoenix Spree Deutschland Ltd (PSDL)?
The free-cash-flow yield on the price is 2.21 %: that much free cash flow Phoenix Spree Deutschland Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Phoenix Spree Deutschland Ltd (PSDL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Phoenix Spree Deutschland Ltd it is £0.6900 per share (as of Nov 8, 2026), against a price of £1.34. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Phoenix Spree Deutschland Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PSDL trades above its calculated fair value: price £1.34, fair value £0.6900, a gap of about −49% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PSDL?
No. The price is what the market pays today (£1.34); the fair value is what the company's own numbers justify (£0.6900). For Phoenix Spree Deutschland Ltd the two are £0.6500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Phoenix Spree Deutschland Ltd worth?
The market values Phoenix Spree Deutschland Ltd at about £123M (market capitalisation, as of Nov 8, 2026). Per share that is £1.34; our models calculate a fair value of £0.6900 per share.
What do the bullish and bearish scenarios say about PSDL?
Our models span a range for Phoenix Spree Deutschland Ltd: cautious scenario £0.5800, base £0.6900, optimistic £0.8000 per share (as of Nov 8, 2026, price £1.34). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Phoenix Spree Deutschland Ltd (PSDL)?
Balance-sheet figures for Phoenix Spree Deutschland Ltd (as of Nov 8, 2026): return on equity −1.3%, debt of 1.06 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is PSDL from its 52-week high?
Phoenix Spree Deutschland Ltd trades at £1.34, about 26% below its 52-week high of £1.82 and 6% above the low of £1.27 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.6900 is for.
Which stocks are comparable to Phoenix Spree Deutschland Ltd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Phoenix Spree Deutschland Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price £1.34, calculated fair value £0.6900 (−49%), Quality Score 63/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PSDL calculated?
We run Phoenix Spree Deutschland Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of £0.6900 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Phoenix Spree Deutschland Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Phoenix Spree Deutschland Ltd (PSDL)?
The closing price on Nov 6, 2026 was £1.34. Our model-based fair value is £0.6900, about 49% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Phoenix Spree Deutschland Ltd right now?
The price sits above even our optimistic bull case (£0.8000). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Phoenix Spree Deutschland Ltd
How large is the market capitalisation of Phoenix Spree Deutschland Ltd (PSDL)?
The market capitalisation of Phoenix Spree Deutschland Ltd is £123M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Phoenix Spree Deutschland Ltd (PSDL)?
The price-to-sales ratio of Phoenix Spree Deutschland Ltd is 5.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Phoenix Spree Deutschland Ltd (PSDL)?
Earnings per share at Phoenix Spree Deutschland Ltd are £−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Phoenix Spree Deutschland Ltd (PSDL)?
The net margin of Phoenix Spree Deutschland Ltd is −13.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Phoenix Spree Deutschland Ltd (PSDL)?
The return on equity (ROE) of Phoenix Spree Deutschland Ltd is −1.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Phoenix Spree Deutschland Ltd (PSDL)?
On an EBIT basis the return on assets of Phoenix Spree Deutschland Ltd is −4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Phoenix Spree Deutschland Ltd (PSDL)?
The operating margin of Phoenix Spree Deutschland Ltd is 21.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Phoenix Spree Deutschland Ltd (PSDL)?
Revenue at Phoenix Spree Deutschland Ltd is growing −6.8% versus a year earlier (3y avg −41.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Phoenix Spree Deutschland Ltd (PSDL)?
Earnings per share at Phoenix Spree Deutschland Ltd are growing −10.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Phoenix Spree Deutschland Ltd (PSDL) hold?
Phoenix Spree Deutschland Ltd holds more cash than debt, €34.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026