Beta Systems Software Aktiengesellschaft (SPT6) Fair Value & Analysis
Technology · DE · Market cap €162M
Strengths
Risks
Fair value as of: Aug 20, 2026
From 5 valuation models · updated yesterday
Share price −5.1% over the past month.
A solid business, but screening 63% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€12.03). 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 (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 €11.98 – €73.87 · fair‑value band €6.93 – €12.03 · the €25.80 price screens above the €9.48 fair value. Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Beta Systems Software Aktiengesellschaft (SPT6) currently trades at €25.80, while our model-based Fair Value estimate is €9.48, implying the stock looks roughly 63.3% overvalued today. The Quality Score stands at 53/100 (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: low).
Trailing-twelve-month revenue stands at €65.2M. Revenue grew 19.8% year over year. It earns a return on equity of -9.0%. Net debt stands at €5.4M. Fundamentals as of Aug 20, 2026
Our scenario range runs from €6.93 (bear case) to €12.03 (bull case); at €25.80, 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 7% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at -63%, SPT6 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 5 models by family
Widest divergence: Multiples (€10.63) versus Asset-Based (€3.34). Highest evidence: ROIC Compounder (67).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 74
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
Beta Systems Software Aktiengesellschaft is a publicly owned investment manager. The firm provides its services to Institutional and private investors. The firm invests in the listed companies of the German-speaking areas. The firm employs long-term investment approach. Beta Systems Software Aktiengesellschaftis based in Heidelberg, Germany.
Full company description
Beta Systems Software Aktiengesellschaft is a publicly owned investment manager. The firm provides its services to Institutional and private investors. The firm invests in the listed companies of the German-speaking areas. The firm employs long-term investment approach. Beta Systems Software Aktiengesellschaftis based in Heidelberg, Germany. Beta Systems Software Aktiengesellschaft operates as a subsidiary of Deutsche Balaton AG.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2025 · reported fiscal years
Beta Systems Software Aktiengesellschaft reported revenue of €29.1M in FY2025 versus €19.4M in FY2020, a compound +8.5%/yr. Reported net income was −€58.5M in FY2025.
SPT6 screens 63% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 375 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 Software - Infrastructure 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.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $506.06 | $365.74 | -28% |
| Oracle Corporation ORAC | C$7.22 | C$2.34 | -68% |
| Fortinet, Inc FTNT | $152.85 | $61.46 | -60% |
| Synopsys, Inc 1SNPS | €347.50 | €90.31 | -74% |
| Block, Inc XYZ | A$111.01 | A$70.69 | -36% |
| Range Intelligent Computing Technology Group 300442 | ¥67.70 | ¥30.89 | -54% |
| Oracle Financial Services Software Limited OFSS | ₹11,679 | ₹6,897 | -41% |
| 360 Security Technology Inc 601360 | ¥9.58 | ¥1.05 | -89% |
| One97 Communications Limited PAYTM | ₹1,546 | ₹241.68 | -84% |
| PT GoTo Gojek Tokopedia Tbk GOTO | 50.00 IDR | 20.41 IDR | -59% |
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Frequently asked questions
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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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