AS Tallink Grupp (TALLINK) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of AS Tallink Grupp €1.02, price €0.64, upside +59.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €0.3520 – €0.6420 · fair‑value band €0.7466 – €1.02 · the €0.6420 price screens below the €1.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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AS Tallink Grupp, together with its subsidiaries, provides marine transportation services in the Baltic Sea. The company operates through Estonia-Finland Routes, Estonia-Sweden Routes, Finland-Sweden Routes, and Other segments.
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AS Tallink Grupp, together with its subsidiaries, provides marine transportation services in the Baltic Sea. The company operates through Estonia-Finland Routes, Estonia-Sweden Routes, Finland-Sweden Routes, and Other segments. It offers mini-cruise, passenger transport, and ro-ro cargo services on routes between Estonia, Finland, and Sweden under the Tallink Silja Line brand. The company also operates hotels in Tallinn and Riga; Burger King franchise in the Baltics and restaurants of the fast-food chain in Estonia, Latvia, and Lithuania; and international travel retail business with various retail outlets on board its vessels and on shore. In addition, it operates a fleet of 11 vessels that include cruise ferries and ro-pax ferries. The company was founded in 1989 and is based in Tallinn, Estonia.
Stock analysis
AS Tallink Grupp (TALLINK) currently trades at €0.6420, while our model-based Fair Value estimate is €1.02, implying the stock looks roughly 37.1% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of €0.6800 per share, and 10 of the 24 models we run sit above the €0.6420 price.
Bear case: the Growth Earnings group reads lowest at €0.3700, and 14 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: €0.7466 (bear) to €1.02 (bull), the price of €0.6420 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
AS Tallink Grupp reported revenue of €765M in FY2025 versus €477M in FY2021, a compound +12.5%/yr. Reported net income was €17.3M in FY2025.
Key figures
Market cap €480M · P/E ratio 16.1 · P/S ratio 0.36 · EPS (TTM) €0.0400 · Dividend yield 9.3% · Net margin 2.3% · Return on equity 3.9% · Return on assets (EBIT) 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at 59%, TALLINK screens richer than that median.
Fair Value models
Bear €0.7466Fair Value €1.02Bull €1.02
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.6%
Start year 2020 (pandemic). Over 10 years: −2.1% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−11.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.4%
Dividend (yield on the price)9.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−20% vs −10%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−21% → 6%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.8%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −2.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Marine Shipping · 236 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+59% · Top 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets3% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)−12% · Bottom 25%
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)9.3% · Top 25%
Balance sheet
Debt / equity0.42× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Cite: Fair Value Calculator (2026). "AS Tallink Grupp Fair Value". https://www.fairvalue-calculator.com/stock/TALLINK
Frequently asked questions
Is AS Tallink Grupp (TALLINK) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €1.02 versus a price of €0.6420, about +59% upside (undervalued).
What is the fair value of TALLINK?
Our model-based fair value for AS Tallink Grupp is €1.02 (as of Sep 23, 2026), built from audited fundamentals. The current price: €0.6420.
What is the quality score of TALLINK?
AS Tallink Grupp has a Quality Score of 53/100. 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 price target for AS Tallink Grupp (TALLINK)?
Our model-based price target is the fair value of €1.02 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario €0.7466, optimistic scenario €1.02. It is a calculation from audited fundamentals, not an analyst target.
What is the AS Tallink Grupp stock forecast for 2026?
Our models put fair value at €1.02, about +59% upside versus a price of €0.6420 (undervalued). Cautious scenario €0.7466, optimistic scenario €1.02. The calculation is refreshed regularly with new filings.
What is the revenue of AS Tallink Grupp (TALLINK)?
AS Tallink Grupp reported trailing-twelve-month revenue of about €777M (latest available figure, as of Sep 23, 2026).
Does AS Tallink Grupp pay a dividend?
AS Tallink Grupp currently shows a dividend yield of about 9.35% relative to its recent price (as of Sep 23, 2026).
What growth is priced into AS Tallink Grupp (TALLINK)?
For today's price to be fair in a discounted-cash-flow model, AS Tallink Grupp would have to grow free cash flow by -0.1 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of TALLINK use?
Our models discount AS Tallink Grupp at 9.9 %: a base by market capitalisation (small), damped by beta 0.28, country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AS Tallink Grupp that is -0.1 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has AS Tallink Grupp (TALLINK) delivered so far?
Over the past 5 years revenue at AS Tallink Grupp grew +11.6 % a year. The price currently implies -0.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AS Tallink Grupp (TALLINK) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into AS Tallink Grupp (-0.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AS Tallink Grupp (TALLINK)?
The free-cash-flow yield on the price is 15.34 %: that much free cash flow AS Tallink Grupp produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AS Tallink Grupp (TALLINK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AS Tallink Grupp it is €1.02 per share (as of Sep 23, 2026), against a price of €0.6420. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is AS Tallink Grupp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TALLINK trades below its calculated fair value: price €0.6420, fair value €1.02, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TALLINK?
No. The price is what the market pays today (€0.6420); the fair value is what the company's own numbers justify (€1.02). For AS Tallink Grupp the two are €0.3790 per share apart. That gap is exactly why we show both numbers side by side.
How much is AS Tallink Grupp worth?
The market values AS Tallink Grupp at about €480M (market capitalisation, as of Sep 23, 2026). Per share that is €0.6420; our models calculate a fair value of €1.02 per share.
What do the bullish and bearish scenarios say about TALLINK?
Our models span a range for AS Tallink Grupp: cautious scenario €0.7466, base €1.02, optimistic €1.02 per share (as of Sep 23, 2026, price €0.6420). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TALLINK?
AS Tallink Grupp trades at a price-to-earnings ratio of 16.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €1.02 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.7, EV/EBITDA 7.2.
How solid is the balance sheet of AS Tallink Grupp (TALLINK)?
Balance-sheet figures for AS Tallink Grupp (as of Sep 23, 2026): return on equity 3.9%, debt of 0.42 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is TALLINK from its 52-week high?
AS Tallink Grupp trades at €0.6420, at its 52-week high of €0.6420 and 20% above the low of €0.5368 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €1.02 is for.
Which stocks are comparable to AS Tallink Grupp?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AS Tallink Grupp stock attractive at the current price?
The data as of Sep 23, 2026: price €0.6420, calculated fair value €1.02 (+59%), Quality Score 53/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TALLINK calculated?
We run AS Tallink Grupp through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €1.02, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. AS Tallink Grupp currently trades 59 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AS Tallink Grupp (TALLINK)?
The closing price on Sep 23, 2026 was €0.6420. Our model-based fair value is €1.02, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AS Tallink Grupp right now?
The price is below even our cautious bear case (€0.7466). The market is more pessimistic than our downside scenario. 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 quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of AS Tallink Grupp (TALLINK) come from?
Earnings per share at AS Tallink Grupp grew −0.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.9 %, EBIT margin +1.4 %, tax rate −0.4 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of AS Tallink Grupp
How large is the market capitalisation of AS Tallink Grupp (TALLINK)?
The market capitalisation of AS Tallink Grupp is €480M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AS Tallink Grupp (TALLINK)?
The price-to-sales ratio of AS Tallink Grupp is 0.36 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AS Tallink Grupp (TALLINK)?
Earnings per share at AS Tallink Grupp are €0.0400 (price ÷ EPS = P/E 16.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AS Tallink Grupp (TALLINK)?
The dividend yield of AS Tallink Grupp is 9.3% (payout 150%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AS Tallink Grupp (TALLINK)?
The net margin of AS Tallink Grupp is 2.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AS Tallink Grupp (TALLINK)?
The return on equity (ROE) of AS Tallink Grupp is 3.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AS Tallink Grupp (TALLINK)?
On an EBIT basis the return on assets of AS Tallink Grupp is 3.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AS Tallink Grupp (TALLINK)?
The operating margin of AS Tallink Grupp is −11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AS Tallink Grupp (TALLINK)?
Revenue at AS Tallink Grupp is growing +8.8% versus a year earlier (3y avg −0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AS Tallink Grupp (TALLINK)?
Earnings per share at AS Tallink Grupp are growing +10.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AS Tallink Grupp (TALLINK) carry?
The net debt of AS Tallink Grupp is €432M (fiscal year 2025, ≈ 5.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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