EN DE

There (QC1) Fair Value & Analysis

Other · DE · Market cap €5.1B

T There QC1 · BE
Price€12.99
Fair Value€13.12
Upside+1.0%
Quality34/100
Watch There for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 0.0% net margin
Moderate debt · negative free cash flow
6.46% dividend yield
Ranks above peers (7/10)
Narrow moat 41/100
Evidence: Low Range €9.79 – €19.58 Share as image

Fair value as of: Jul 25, 2026

From 1 valuation models · updated 16 days ago

Fair value updated Jul 25, 2026, revised from €13.96 to €13.12 (−6.0%) since Jun 25, 2026. Share price +9.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€9.79 to €19.58) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€35.92 €7.61 Fair Value €13.12 Apr 2021 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

60‑month range €7.61 – €35.92 · fair‑value band €9.79 – €19.58 · the €12.99 price screens below the €13.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

There (QC1) currently trades at €12.99, while our model-based Fair Value estimate is €13.12, implying the stock looks roughly 1.0% fairly valued today. The Quality Score stands at 34/100 (below-average quality), in the Other 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: low), always confirm before acting.

Net debt stands at €6.3B. Fundamentals as of Jul 25, 2026

Our scenario range runs from €9.79 (bear case) to €19.58 (bull case); at €12.99, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Other peers we cover trades at -22% fair-value upside, at 1%, QC1 screens cheaper 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 BearBaseBull Evidence
Highest evidence
NCAV (Graham) €10.42 €13.96 €20.83 50
All 1 models by family
Asset-Based
NCAV (Graham) €10.42 €13.96 €20.83 50

Key figures & financial health

Free cash flow −€248M FY2025
Dividend yield 6.5%
Net debt €6.3B FY2025

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 28 · Market factors (momentum, volatility) 72

Profitability 7
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 39
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 QC1.BE.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

There reported revenue of €2.1B in FY2025 versus €1.4B in FY2021, a compound +11.2%/yr. Reported net income was −€177M in FY2025.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€2.1B
Latest YoY
−20.2%
Avg. growth/yr (3Y)
+11.6%
Avg. growth/yr (5Y)
+12.2%
Avg. growth/yr (9Y)
+4.1%
Revenue +11.2%/yr
FY21 €1.4B
FY22 €1.5B
FY23 €3.6B
FY24 €2.6B
FY25 €2.1B
Net income
FY21 €596M
FY22 €650M
FY23 −€79.0M
FY24 −€1.1B
FY25 −€177M

Watch QC1: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "There Fair Value". https://www.fairvalue-calculator.com/stock/QC1

Peer Group

Other · 390 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 28 · Bottom 25%
Fair Value upside +1% · Above median
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Top 25%
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 1.01× · Higher than 75% of peers

Valuation Multiples vs Other median · lower = cheaper

P/B 0.72× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 35 · sector 8
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 50 · sector 97
DIVIDEND 100 · sector 0

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
Federal Home Loan Mortgage Corporation FREJO $15.84 $52.77 +233%
533278 533278 ₹438.60 ₹720.31 +64%
Nestl?? India Limited 500790 ₹1,459 ₹191.93 -87%
540376 540376 ₹3,993 ₹1,806 -55%
540777 540777 ₹567.55 ₹142.69 -75%
Lupin Limited 500257 ₹2,476 ₹1,983 -20%
540719 540719 ₹1,788 ₹850.02 -52%
524804 524804 ₹1,620 ₹1,268 -22%
540716 540716 ₹1,612 ₹1,224 -24%
Eicher Motors Limited 505200 ₹7,340 ₹6,859 -7%

Compare There with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is There (QC1) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of €13.12 versus a price of €12.99, about +1% (fairly valued).
What is the fair value of QC1?
Our model-based fair value for There is €13.12 (as of Jul 25, 2026), built from audited fundamentals. The current price is €12.99.
What is the quality score of QC1?
There has a Quality Score of 34/100. 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 QC1?
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.
Does There pay a dividend?
There currently shows a dividend yield of about 6.46% relative to its recent price (as of Jul 25, 2026).

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.

14 days Pro free · no card

Track There and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.