Smartbroker Holding (SB1) Fair Value & Analysis
Financial Services · DE · Market cap €151M
Fair value as of: Jul 16, 2026
From 3 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from €11.11 to €2.85 (−74.3%) since Jun 26, 2026. Share price −0.9% over the past month.
A solid business, but screening 68% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€3.97). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range €5.70 – €29.00 · fair‑value band €2.22 – €3.97 · the €8.90 price screens above the €2.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Smartbroker Holding (SB1) currently trades at €8.90, while our model-based Fair Value estimate is €2.85, implying the stock looks roughly 68.0% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services 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: low).
Over the trailing twelve months, Smartbroker Holding generated revenue of €59.4M at a net margin of -7.5%. Revenue grew 26.7% year over year. It earns a return on equity of -9.8%. The balance sheet holds a net cash position of €16.9M. Fundamentals as of Jul 16, 2026
Our scenario range runs from €2.22 (bear case) to €3.97 (bull case); at €8.90, 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -53% fair-value upside, at -68%, SB1 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.
All 3 models by family
Widest divergence: Growth DCF (€2.75) versus Asset-Based (€1.55). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 24
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
Smartbroker Holding AG operates as online broker in Germany. The company offers various products of traditional brokering with neo brokering conditions. It also operates through various stock market portals, including wallstreet-online.de, boersenNews.de, FinanzNachrichten.de, and ARIVA.de. In addition, the company hosts and operates the finance community.
Full company description
Smartbroker Holding AG operates as online broker in Germany. The company offers various products of traditional brokering with neo brokering conditions. It also operates through various stock market portals, including wallstreet-online.de, boersenNews.de, FinanzNachrichten.de, and ARIVA.de. In addition, the company hosts and operates the finance community. Smartbroker Holding AG was formerly known as wallstreet:online AG. The company was founded in 1998 and is based in Berlin, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Smartbroker Holding reported revenue of €68.3M in FY2025 versus €48.8M in FY2021, a compound +8.7%/yr. Reported net income was −€10.6M in FY2025.
SB1 screens 68% overvalued. Compare with S&P Global Inc →
Peer Group
Financial Data & Stock Exchanges · 54 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 Financial Data & Stock Exchanges 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.
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.
Similar stocks
10 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| S&P Global Inc SPGI | $450.84 | $196.36 | -56% |
| CME Group CME | $245.05 | $145.51 | -41% |
| Moody's Corporation MCO | $504.46 | $194.82 | -61% |
| Intercontinental Exchange, Inc ICE | $139.65 | $75.95 | -46% |
| Deutsche Börse AG DB1 | €260.90 | €142.42 | -45% |
| Nasdaq, Inc NDAQ | $88.08 | $41.12 | -53% |
| MSCI Inc MSCI | $604.71 | $214.91 | -64% |
| Coinbase Global, Inc COIN | $160.49 | $57.05 | -64% |
| Cboe Global Markets, Inc CBOE | $273.41 | $136.64 | -50% |
| Hithink RoyalFlush Information Network Co 300033 | ¥215.56 | ¥55.36 | -74% |
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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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