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Spielvereinigung Unterhaching Fußball GmbH & Co (S6P) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €3.4M

SU Spielvereinigung Unterhaching Fußball GmbH & Co S6P · F
Price€0.8620
Fair Value€1.60
Upside+85.6%
Quality44/100
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Strengths

Trades 86% below our fair value of €1.60

Risks

!Mixed Growth
!Thin margins · 1.2% net margin
!Trails peers (3/9)
!Narrow moat 13/100
Mixed Growth
Thin margins · 1.2% net margin
Trails peers (3/9)
Narrow moat 13/100
Evidence: Medium Range €1.12 – €2.08 Share as image

Fair value as of: Aug 20, 2026

From 10 valuation models · updated yesterday

Share price +4.5% over the past month.

Below-average quality, screening 86% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€1.12). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (€1.12 to €2.08) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€8.15 €0.5500 Fair Value €1.60 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range €0.5500 – €8.15 · fair‑value band €1.12 – €2.08 · the €0.8620 price screens below the €1.60 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Spielvereinigung Unterhaching Fußball GmbH & Co (S6P) currently trades at €0.8620, while our model-based Fair Value estimate is €1.60, implying the stock looks roughly 85.6% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Cyclical 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: medium), always confirm before acting.

Over the trailing twelve months, Spielvereinigung Unterhaching Fußball GmbH & Co generated revenue of €11.3M at a net margin of 1.2%. The stock trades on a trailing P/E of 28.7. Fundamentals as of Aug 20, 2026

Our scenario range runs from €1.12 (bear case) to €2.08 (bull case); at €0.8620, the current price sits below 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 76% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 86%, S6P 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
ROIC Compounder €1.33 €1.48 €1.61 72
Growth-Adj P/E €1.12 €1.60 €2.08 68
P/E Multiple €0.5700 €0.7600 €0.9400 63
All 10 models by family
Earnings-Based
Graham-Dodd €0.2300 €1.63 €2.29 54
Lynch FV €0.8400 €1.20 €1.56 50
PEG = 1.0 €0.8400 €1.20 €1.56 46
EPV €1.33 €1.48 €1.61 59
Multiples
P/E Multiple €0.5700 €0.7600 €0.9400 63
P/S Multiple €0.4400 €0.5800 €0.7300 58
EV/EBIT €3.14 €4.18 €5.22 53
EV/Revenue €2.12 €3.02 €3.92 43
Economic Profit
ROIC Compounder €1.33 €1.48 €1.61 72
Growth Earnings
Growth-Adj P/E €1.12 €1.60 €2.08 68

Widest divergence: Growth Earnings (€1.60) versus Multiples (€0.7600). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €11.3M
Net margin 1.2%
Return on equity -731%
P/E ratio 28.7
Operating margin -146%
EPS (TTM) €0.0300
More key figures
Net debt €674K FY2022

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 36

Profitability 26
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 80
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

Spielvereinigung Unterhaching Fußball GmbH & Co. KGaA operates a football club in Germany. It also manages youth performance centers and football schools. The company was founded in 1925 and is headquartered in Unterhaching, Germany.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Spielvereinigung Unterhaching Fußball GmbH & Co reported revenue of €11.6M in FY2024 versus €4.0M in FY2020, a compound +30.7%/yr. Reported net income was €138K in FY2024.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€11.6M
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.
+22.9%
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.
+29.3%
Revenue +30.7%/yr
FY20 €4.0M
FY21 €6.2M
FY22 €8.7M
FY23 €2.1M
FY24 €11.6M
Net income
FY20 −€6.7M
FY21 −€3.9M
FY22 €1.2M
FY23 −€6.8M
FY24 €138K

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Cite: Fair Value Calculator (2026). "Spielvereinigung Unterhaching Fußball GmbH & Co Fair Value". https://www.fairvalue-calculator.com/stock/S6P

Peer Group

Leisure · 191 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 44 · Below median
Fair Value upside +88% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -146% · Bottom 25%
Revenue growth 0% · Below median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 28.7× · Pricier than median
P/S (TTM) 0.35× · Cheaper than 75% of peers
EV/EBITDA 5.5× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 20
FUTURE0 · sector 16
PAST0 · sector 20
HEALTH0 · sector 94
DIVIDEND0 · sector 54

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

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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Pop Mart International Group 9992 HK$151.00 HK$227.30 +51%
Amer Sports, Inc AS $33.03 $16.16 -51%
Hasbro, Inc HAS $94.89 $81.97 -14%
Life Time Group LTH $45.40 $15.61 -66%
Ninebot Limited 689009 ¥44.94 ¥39.73 -12%
Li Ning Company 2331 HK$14.59 HK$29.45 +102%
Asmodee Group ASMDEEB kr 158.70 kr 96.65 -39%
Smartfit Escola de Ginástica e Dança S.A SMFT3 R$17.25 R$22.90 +33%
Songcheng Performance Development Co 300144 ¥6.17 ¥6.85 +11%

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Frequently asked questions

Is Spielvereinigung Unterhaching Fußball GmbH & Co (S6P) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of €1.60 versus a price of €0.8620, about +86% (undervalued).
What is the fair value of S6P?
Our model-based fair value for Spielvereinigung Unterhaching Fußball GmbH & Co is €1.60 (as of Aug 20, 2026), built from audited fundamentals. The current price: €0.8620.
What is the quality score of S6P?
Spielvereinigung Unterhaching Fußball GmbH & Co has a Quality Score of 44/100. 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 Spielvereinigung Unterhaching Fußball GmbH & Co (S6P)?
Spielvereinigung Unterhaching Fußball GmbH & Co reported trailing-twelve-month revenue of about €11.3M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of S6P?
The net profit margin of Spielvereinigung Unterhaching Fußball GmbH & Co is about 1.2%, meaning it keeps roughly 1.2% 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.

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