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Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM) Fair Value & Analysis

Basic Materials · PT · Market cap €1.8B

SS Semapa - Sociedade de Investimento e Gestão, SGPS, S.A SEM · LS
Price€22.40
Fair Value€27.50
Upside+22.8%
Quality85/100
Evidence: Medium Range €18.84 – €37.86

Fair value as of: Jun 24, 2026

From 22 valuation models · updated 5 days ago

Share price +1.1% over the past month.

Price vs Fair Value (12 months)

€23.76 €15.78 Fair Value €27.50 Jun 2025 Jun 2026

12‑month range €15.78 – €23.76 · fair‑value band €18.84 – €37.86 · the €22.40 price screens below the €27.50 fair value. As of Jun 24, 2026.

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Analysis

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM) currently trades at €22.40, while our model-based Fair Value estimate is €27.50 — implying the stock looks roughly 22.8% undervalued today. We read business quality at 85/100 (high quality), in the Basic Materials 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, Semapa - Sociedade de Investimento e Gestão, SGPS, S.A generated revenue of €2.0B at a net margin of 30.9%. Revenue declined 34.4% year over year. It earns a return on equity of 5.6%. Net debt stands at €1.0B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €2.0B
Revenue growth (YoY) -34.4%
Net margin 30.9%
Return on equity 5.6%
Free cash flow €282M FY2025
P/E ratio 48.9
More key figures
Operating margin 4.6%
EPS (TTM) €0.4600
Dividend yield 2.7%
EPS growth (YoY) +1,196%
Net debt €1.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A., through its subsidiaries, engages in the production and sale of pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania. It operates through Pulp and Paper, Cement, and Other Businesses segments. The company produces and sells writing and printing thin paper, tissue paper, and moulded fibre packaging; researches, develops, produces, and sells forestry and agricultural products; and produces and sells bleached eucalyptus kraft pulp (BEKP), cork, and pine wood products, as well as electric and thermal energy. It is also involved in the production and sale of cement, ready-mixed concrete, aggregates, mortars, precast concrete, and hydraulic lime. In addition, the company engages in the production of aluminium e-bike frames; and the provision of services related to the recovery of animal by-products and food products containing animal-origin substances to produce…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Semapa - Sociedade de Investimento e Gestão, SGPS, S.A reported revenue of €2.1B in FY2025 versus €2.1B in FY2021, a compound −0.2%/yr. Reported net income was €157M in FY2025, compounding −5.7%/yr from FY2021.

Revenue −0.2%/yr
FY21 €2.1B
FY22 €3.1B
FY23 €2.7B
FY24 €2.1B
FY25 €2.1B
Net income −5.7%/yr
FY21 €198M
FY22 €307M
FY23 €245M
FY24 €233M
FY25 €157M

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6 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Frequently asked questions

Is Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €27.50 versus a price of €22.40 — about +23% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SEM?
Our 21-model fair value for Semapa - Sociedade de Investimento e Gestão, SGPS, S.A is €27.50 (as of Jun 24, 2026), built from audited fundamentals. The current price is €22.40.
What is the quality score of SEM?
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A has a Quality Score of 85/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A (SEM)?
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A reported trailing-twelve-month revenue of about €2.0B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SEM?
The net profit margin of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A is about 30.9%, meaning it keeps roughly 30.9% of revenue as net income. Based on the latest reported figures.
Does Semapa - Sociedade de Investimento e Gestão, SGPS, S.A pay a dividend?
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A currently shows a dividend yield of about 2.70% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.