Phoenix Vega Mezz PLC (PVMEZZ) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Phoenix Vega Mezz PLC stock €0.06, price €0.05, upside +23.3%, quality 60 out of 100. Rating: undervalued. Calculated from audited financials with 3 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range €0.0205 – €0.0759 · fair‑value band €0.0503 – €0.0705 · the €0.0490 price screens below the €0.0604 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Phoenix Vega Mezz Plc holds and manages mezzanine and junior notes of phoenix and vega portfolio. The company was incorporated in 2021 and is headquartered in Nicosia, Cyprus.
Stock analysis
Phoenix Vega Mezz PLC (PVMEZZ) currently trades at €0.0490, while our model-based Fair Value estimate is €0.0604, implying the stock looks roughly 19% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €0.0550 per share, and 1 of the 3 models we run sit above the €0.0490 price.
Bear case: the Asset-Based group reads lowest at €0.0100, and 2 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: €0.0503 (bear) to €0.0705 (bull), the price of €0.0490 sits below 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 60/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Phoenix Vega Mezz PLC reported revenue of €12.2M in FY2025 versus €9.4M in FY2022, a compound +8.9%/yr. Reported net income was −€10.6M in FY2025.
Key figures
Market cap €61.3M Micro · EPS (TTM) €−0.0400 · Dividend yield 4.1% · Net margin −87.5% · Return on equity −93.6% · Return on assets (EBIT) 21.9% (4-year average) · Operating margin 101% · Revenue (TTM) −€54.7M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 23%, PVMEZZ screens cheaper than that median.
Fair Value models
Bear€0.0503Fair Value €0.0604Bull€0.0705
Price €0.0490 · Upside +23.3%
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
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+31.4%
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.
+8.9%
’22
’23
’24
’25
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.
53.4% (2022) → −77.2% (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
Little optimism in the price
The price assumes less 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).
+0.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −1.4% a year for the price.
Price, fair value, quality and upside side by side.
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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.Asset Management · 587 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Below median
Fair Value upside+23.3% · Above median
Profitability
Return on assets−14.6% · Bottom 25%
Net margin (12 months)−87.5% · Bottom 25%
Operating margin (12 months)100.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−90.8% · Bottom 25%
Dividend yield (12 months)4.1% · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/B0.94× · Pricier than median
Price / free cash flow (fiscal year)9.2× · Cheaper than median
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Is Phoenix Vega Mezz PLC (PVMEZZ) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €0.0604 versus a price of €0.0490, about +23% upside (undervalued).
What is the fair value of PVMEZZ?
Our model-based fair value for Phoenix Vega Mezz PLC is €0.0604 (as of Nov 5, 2026), built from audited fundamentals. The current price: €0.0490.
What is the quality score of PVMEZZ?
Phoenix Vega Mezz PLC has a Quality Score of 60/100. 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 Vega Mezz PLC (PVMEZZ)?
Our model-based price target is the fair value of €0.0604 (as of Nov 5, 2026) from 3 valuation models. Cautious scenario €0.0503, optimistic scenario €0.0705. It is a calculation from audited fundamentals, not an analyst target.
What is the Phoenix Vega Mezz PLC stock forecast for 2026?
Our models put fair value at €0.0604, about +23% upside versus a price of €0.0490 (undervalued). Cautious scenario €0.0503, optimistic scenario €0.0705. The calculation is refreshed regularly with new filings.
Does Phoenix Vega Mezz PLC pay a dividend?
Phoenix Vega Mezz PLC currently shows a dividend yield of 4.08% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Phoenix Vega Mezz PLC (PVMEZZ) and when is the ex-dividend date?
Phoenix Vega Mezz PLC pays a dividend of €0.002 per share a year, a dividend yield of 4.1%. The last ex-dividend date was Oct 14, 2026. A dividend has been paid every year since at least 2022. Free cash flow covers the dividend 2.97 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Phoenix Vega Mezz PLC (PVMEZZ)?
For today's price to be fair in a discounted-cash-flow model, Phoenix Vega Mezz PLC would have to grow free cash flow by +0.8 % per year for five years (discount rate 15.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +8.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of PVMEZZ use?
Our models discount Phoenix Vega Mezz PLC at 15.4 %: a base by market capitalisation (micro), country premium for Greece. 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 Vega Mezz PLC that is +0.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (15.4 %) and the same formula as our fair value.
How much growth has Phoenix Vega Mezz PLC (PVMEZZ) delivered so far?
Over the past 3 years revenue at Phoenix Vega Mezz PLC grew +8.9 % a year. The price currently implies free-cash-flow growth of +0.8 % 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 Vega Mezz PLC (PVMEZZ) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Phoenix Vega Mezz PLC (+0.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Phoenix Vega Mezz PLC (PVMEZZ)?
The free-cash-flow yield on the price is 12.13 %: that much free cash flow Phoenix Vega Mezz PLC produces per unit of market value. When it exceeds the discount rate of our models (15.4 %), 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 Vega Mezz PLC (PVMEZZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Phoenix Vega Mezz PLC it is €0.0604 per share (as of Nov 5, 2026), against a price of €0.0490. It is the blended result of 3 valuation models in 2 families (Asset-Based, Growth DCF).
Is Phoenix Vega Mezz PLC stock overvalued or undervalued in 2026?
As of Nov 5, 2026, PVMEZZ trades below its calculated fair value: price €0.0490, fair value €0.0604, a gap of about +23% (undervalued). 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 PVMEZZ?
No. The price is what the market pays today (€0.0490); the fair value is what the company's own numbers justify (€0.0604). For Phoenix Vega Mezz PLC the two are €0.0114 per share apart. That gap is exactly why we show both numbers side by side.
How much is Phoenix Vega Mezz PLC worth?
The market values Phoenix Vega Mezz PLC at about €61.3M (market capitalisation, as of Nov 5, 2026). Per share that is €0.0490; our models calculate a fair value of €0.0604 per share.
What do the bullish and bearish scenarios say about PVMEZZ?
Our models span a range for Phoenix Vega Mezz PLC: cautious scenario €0.0503, base €0.0604, optimistic €0.0705 per share (as of Nov 5, 2026, price €0.0490). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Phoenix Vega Mezz PLC (PVMEZZ)?
Balance-sheet figures for Phoenix Vega Mezz PLC (as of Nov 5, 2026): return on equity −93.6%. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is PVMEZZ from its 52-week high?
Phoenix Vega Mezz PLC trades at €0.0490, about 31% below its 52-week high of €0.0708 and 12% above the low of €0.0438 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0604 is for.
Which stocks are comparable to Phoenix Vega Mezz PLC?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Vega Mezz PLC stock attractive at the current price?
The data as of Nov 5, 2026: price €0.0490, calculated fair value €0.0604 (+23%), Quality Score 60/100, from 3 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 PVMEZZ calculated?
We run Phoenix Vega Mezz PLC through 3 models from 2 families: Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of €0.0604 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 Vega Mezz PLC currently trades 19% below its own fair value, and the market average says nothing about that. 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 Vega Mezz PLC (PVMEZZ)?
The closing price on Nov 6, 2026 was €0.0490. Our model-based fair value is €0.0604, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Phoenix Vega Mezz PLC right now?
The price is below even our cautious bear case (€0.0503). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Phoenix Vega Mezz PLC
How large is the market capitalisation of Phoenix Vega Mezz PLC (PVMEZZ)?
The market capitalisation of Phoenix Vega Mezz PLC is €61.3M. 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 are the earnings per share of Phoenix Vega Mezz PLC (PVMEZZ)?
Earnings per share at Phoenix Vega Mezz PLC are €−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Phoenix Vega Mezz PLC (PVMEZZ)?
The dividend yield of Phoenix Vega Mezz PLC is 4.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Phoenix Vega Mezz PLC (PVMEZZ)?
The net margin of Phoenix Vega Mezz PLC is −87.5% (fiscal year 2025). 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 Vega Mezz PLC (PVMEZZ)?
The return on equity (ROE) of Phoenix Vega Mezz PLC is −93.6% (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 Vega Mezz PLC (PVMEZZ)?
On an EBIT basis the return on assets of Phoenix Vega Mezz PLC is 21.9% (avg 4y). 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 Vega Mezz PLC (PVMEZZ)?
The operating margin of Phoenix Vega Mezz PLC is 101% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Phoenix Vega Mezz PLC (PVMEZZ) generate?
Phoenix Vega Mezz PLC generates revenue of −€54.7M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Phoenix Vega Mezz PLC (PVMEZZ)?
Revenue at Phoenix Vega Mezz PLC is growing −90.8% versus a year earlier (3y avg +8.9%). 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 Vega Mezz PLC (PVMEZZ)?
Earnings per share at Phoenix Vega Mezz PLC are growing −92.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Nov 5, 2026