RealTech AG (RTC) Fair Value & Analysis

Technology · DE · Market cap €6.2M

A solid business, but screening 58% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (€0.4800). The favourable scenario is already priced in.
• Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
• The models converge in a tight band (€0.4700 to €0.4800), unusually little disagreement for a valuation.

Price vs Fair Value (5 years)

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 €0.6800 – €4.14 · fair‑value band €0.4700 – €0.4800 · the €1.13 price screens above the €0.4800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

RealTech AG (RTC) currently trades at €1.13, while our model-based Fair Value estimate is €0.4800, implying the stock looks roughly 57.5% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Technology 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, RealTech AG generated revenue of €11.2M at a net margin of 0.3%. Revenue grew 16.9% year over year. It earns a return on equity of 0.5%. The balance sheet holds a net cash position of €2.0M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €0.4700 (bear case) to €0.4800 (bull case); at €1.13, 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 22% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -58%, RTC screens richer 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.

Widest divergence: DCF Models (€0.9900) versus Earnings-Based (€0.0500). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

RealTech AG, together with its subsidiaries, provides SAP software and solutions in Germany and the Asia Pacific. The company offers SmartChange to automate SAP transports from request to import; Interface Manager to design, operate, and optimize SAP interfaces; SmartITSM for intelligent management of complex IT structures; SmartCMDB for digitization and …

Full company description

RealTech AG, together with its subsidiaries, provides SAP software and solutions in Germany and the Asia Pacific. The company offers SmartChange to automate SAP transports from request to import; Interface Manager to design, operate, and optimize SAP interfaces; SmartITSM for intelligent management of complex IT structures; SmartCMDB for digitization and automation of central service processes; theGuard!, a product suite of ITSM and SAP solutions; and managed services for SAP. It also provides SAP Solution Manager, an intelligent platform for application lifecycle management; SAP ChaRM, a component that manages changes in SAP and non-SAP systems; SAP Transport Management that transports changes, such as adaptations to program code, system configurations, or changes to database objects through various SAP system landscapes; SAP Cloud Transport Management, a cloud-based service that enables the controlled transport of software artifacts; SAP-ITSM Integration, an automated connection of SAP systems with IT service management platforms comprising ServiceNow, Jira, or SmartITSM; and SAP Cloud ALM, a cloud-based ALM platform for the implementation, operation, and development of SAP solutions. In addition, the company SAP Business Technology Platform, a platform-as-a-service solution that provides companies a central development and operating environment; SAP Basis that acts as middleware that connects hardware, operating systems, and SAP applications; SAP Customizing that configures system and code changes; SAP Advanced Business Application Programming to develop customized applications, extensions, and interfaces; SAP Business AI that brings AI into the workflow; and SAP Clean Core, a strategy where the standard core of an SAP system remains unchanged and individual requirements are implemented via upgradeable mechanisms. Further, it provides ticket system; help desk; CMDB; and asset management. The company was founded in 1994 and is based in Leimen, Germany.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RealTech AG reported revenue of €11.2M in FY2025 versus €9.9M in FY2021, a compound +3.3%/yr. Reported net income was €29.8K in FY2025, compounding −55.6%/yr from FY2021.

RTC screens 58% overvalued. Compare with International Business Machines Corporation →

Peer Group

Information Technology Services · 477 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.

Valuation Multiples vs Information Technology Services median · lower = cheaper

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: 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.

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

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Frequently asked questions

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.