EN DE

R. STAHL AG (RSL2) Fair Value & Analysis

Industrials · DE · Market cap €90.8M

RS R. STAHL AG RSL2 · XETRA
Price€13.70
Fair Value€9.64
Upside-29.6%
Quality48/100
Watch R. STAHL AG for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 1.6% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (7/14)
Narrow moat 35/100
Evidence: High Range €7.23 – €12.05 Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from €17.42 to €9.64 (−44.7%) since Jun 24, 2026. Share price −2.8% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€12.05). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€27.60 €10.40 Fair Value €9.64 Mar 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €10.40 – €27.60 · fair‑value band €7.23 – €12.05 · the €13.70 price screens above the €9.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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

Analysis

R. STAHL AG (RSL2) currently trades at €13.70, while our model-based Fair Value estimate is €9.64, implying the stock looks roughly 29.6% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials 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: high).

Over the trailing twelve months, R. STAHL AG generated revenue of €317M at a net margin of 1.6%. Revenue declined 0.2% year over year. It earns a return on equity of 7.0%. Net debt stands at €48.3M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €7.23 (bear case) to €12.05 (bull case); at €13.70, the current price sits above 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 about 35% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -30%, RSL2 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 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 €2.39 €4.02 €6.46 80
Residual Income €7.76 €7.25 €5.55 76
Rev-Margin DCF €7.47 €14.25 €22.44 74
All 24 models by family
DCF Models
FCF DCF €2.25 €3.98 €6.79 38
Owner Earnings €12.15 €16.21 €22.77 31
5Y Revenue Exit €7.47 €14.13 €23.67 39
5Y EBITDA Exit €20.70 €36.69 €57.42 41
5Y P/E Exit €1.64 €4.19 €7.20 38
10Y Revenue Exit €4.57 €9.40 €15.03 36
10Y EBITDA Exit €11.91 €22.15 €34.12 37
10Y P/E Exit €1.87 €3.78 €5.71 35
Earnings-Based
Graham-Dodd €3.12 €5.46 €6.70 54
EPV €7.94 €9.51 €10.78 59
Dividend Discount
Gordon GGM €0.2400 €0.2900 €0.3400 70
DDM Multi-Stage €0.2400 €0.3000 €0.3600 61
Multiples
P/E Multiple €7.23 €9.64 €12.05 63
P/S Multiple €5.85 €7.81 €9.76 58
P/B Multiple €5.85 €7.81 €9.76 55
EV/EBIT €20.80 €29.44 €38.08 53
EV/EBITDA €43.30 €59.45 €75.59 54
EV/Revenue €13.37 €21.30 €29.24 43
Asset-Based
NCAV (Graham) €5.86 €7.85 €11.72 50
Growth DCF
Growth DCF €2.39 €4.02 €6.46 80
Rev-Margin DCF €7.47 €14.25 €22.44 74
Economic Profit
Residual Income €7.76 €7.25 €5.55 76
ROIC Compounder €7.94 €9.51 €10.78 72
Growth Earnings
Growth-Adj P/E €5.11 €7.30 €9.48 68

Widest divergence: Multiples (€9.64) versus Dividend Discount (€0.2900). Highest evidence: Growth DCF (80).

Notify me when RSL2 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) €317M
Revenue growth (YoY) -0.2%
Net margin 1.6%
Return on equity 7.0%
Free cash flow €6.3M FY2025
P/E ratio 17.4
More key figures
Operating margin 2.9%
EPS (TTM) €0.8100
EPS growth (YoY) +42.8%
Net debt €48.3M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 44

Profitability 39
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 74
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

R. STAHL AG, together with its subsidiaries, develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide.

Full company description

R. STAHL AG, together with its subsidiaries, develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosive environments worldwide. It offers luminaires, including linear luminaires, tubular light fittings, emergency luminaires, floodlights, pendant light fittings, wall and ceiling mounted bulkhead light fittings, helideck systems, and hand lamps; junction and terminal boxes; and control boxes, such as temperature controllers and limiters, control equipment for panel mounting, control stations for industrial, and thermostats. The company provides control systems and distribution boards comprising lighting and heating circuit distribution boards, load disconnect switches, motor protection circuit breakers, safety switches, uninterrupted power supply products, machine controls, and battery boxes, as well as direct-on-line motor, star delta, and soft starters. In addition, it offers health management information systems (HMIS) which includes barcode readers, radio frequency identification readers, panel personal computer/thin clients, KVM classic, operator interfaces, panel-mount devices, ethernet extender, configurable software, and HMI finder; mobile solutions and mobile devices; and CCTV systems and cameras. Further, the company provides automation interfaces and solutions for safety barriers, isolators, remote I/O, fieldbus technology, ethernet-APL filed switches, grounding systems and monitoring devices, Ex p products, and network technology products. Additionally, it offers cable glands, components, and enclosures products; visual and audible signaling devices, and control devices; and plugs and sockets, and connectors. The company serves its products to oil and gas, chemical, marine and shipbuilding, pharmaceutical, machine, food and beverage, and other industries. R. STAHL AG was founded in 1876 and is headquartered in Waldenburg, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

R. STAHL AG reported revenue of €313M in FY2025 versus €247M in FY2021, a compound +6.1%/yr. Reported net income was €3.0M in FY2025.

Growth Quality 58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€313M
Latest YoY
−8.8%
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.
+4.6%
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.
+5.0%
Avg. growth/yr (25Y) 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.
−1.4%
Revenue +6.1%/yr
FY21 €247M
FY22 €273M
FY23 €330M
FY24 €343M
FY25 €313M
Net income
FY21 −€4.9M
FY22 €1.9M
FY23 €195K
FY24 €5.8M
FY25 €3.0M
Character of growth · EPS growth decomposed (2014-2025) −9.5 % p.a.
Revenue per share +0.5 pp

of which total revenue +1.1 pp · buybacks/dilution −0.6 pp

EBIT margin +2.2 pp
Tax rate +2.5 pp
Residual (interest, one-offs) −14.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

RSL2 screens 30% overvalued. Compare with GE Vernova Inc →

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). "R. STAHL AG Fair Value". https://www.fairvalue-calculator.com/stock/RSL2

Peer Group

Specialty Industrial Machinery · 808 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 48 · Below median
Fair Value upside −30% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth -0% · Below median
Debt / equity 0.61× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than 75% of peers
P/B 1.39× · Cheaper than median
P/S (TTM) 0.33× · Cheaper than 75% of peers
P/FCF 16.6× · Pricier than 75% of peers
EV/EBITDA 5.1× · Cheaper than 75% of peers
PEG 6.80× · Pricier than 75% of peers

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 0 · sector 0
FUTURE 0 · sector 23
PAST 28 · sector 28
HEALTH 70 · sector 96
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

Compare R. STAHL AG with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials 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 R. STAHL AG (RSL2) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €9.64 versus a price of €13.70, about −30% (overvalued).
What is the fair value of RSL2?
Our model-based fair value for R. STAHL AG is €9.64 (as of Jul 13, 2026), built from audited fundamentals. The current price is €13.70.
What is the quality score of RSL2?
R. STAHL AG has a Quality Score of 48/100. 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 revenue of R. STAHL AG (RSL2)?
R. STAHL AG reported trailing-twelve-month revenue of about €317M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of RSL2?
The net profit margin of R. STAHL AG is about 1.6%, meaning it keeps roughly 1.6% 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.

14 days Pro free · no card

Track R. STAHL AG 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.