Trifork Holding AG (TRIFOR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Trifork Holding AG DKK 114, price DKK 103, upside +10.5%, quality 58 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 24, 2026.
How to read this chart
60‑month range kr 70.20 – kr 260.22 · fair‑value band kr 79.70 – kr 148.00 · the kr 103.00 price screens below the kr 113.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Trifork Group AG provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally. The company operates through the Products, Services, and Labs segments. Its Products segment develops software, as well as operates IT systems, including conferences.
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Trifork Group AG provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally. The company operates through the Products, Services, and Labs segments. Its Products segment develops software, as well as operates IT systems, including conferences. The Services segment develops software for private and public customers. Its Labs segment focuses on investments in tech startup companies. The company was formerly known as Trifork Holding AG and changed its name to Trifork Group AG in April 2024. Trifork Group AG was founded in 1996 and is based in Schindellegi, Switzerland.
Stock analysis
Trifork Holding AG (TRIFOR) currently trades at kr 103.00, while our model-based Fair Value estimate is kr 113.85, implying the stock looks roughly 9.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 22.50 per share, and 0 of the 26 models we run sit above the kr 103.00 price.
Bear case: the Growth Earnings group reads lowest at kr 14.10, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 79.70 (bear) to kr 148.00 (bull), the price of kr 103.00 sits inside 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 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Trifork Holding AG reported revenue of €221M in FY2025 versus €159M in FY2021, a compound +8.6%/yr. Reported net income was €10.3M in FY2025, compounding −23.1%/yr from FY2021.
Key figures
Market cap 2.0B DKK (≈ $308M) · P/E ratio 21.1 · P/S ratio 0.98 · EPS (TTM) kr 4.88 · Dividend yield 0.1% · Net margin 4.7% · Return on equity 10.4% · Return on assets (EBIT) 6.8%.
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 about 15% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 53% fair-value upside, at 11%, TRIFOR screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 0.9600 to kr 30.86). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 79.70Fair Value kr 113.85Bull kr 148.00
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 3.58 per share) are deliberately not added.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.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.1%
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.
+6.0%
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.
+11.1%
Start year 2020 (pandemic). Over 10 years: +14.1% a year
Revenue growth 13 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.
+16.6%
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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.
−19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.2%
Dividend (yield on the price)0.1%
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.−19% vs 9%, 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.−24% → 5%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
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).
+4.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +2.6% a year for the price and +5.1% for the forecasts.
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.Information Technology Services · 498 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+11% · Above median
Profitability
Return on equity (TTM)10% · Above median
Return on assets3% · Below median
Net margin (TTM)6% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Trifork Holding AG Fair Value". https://www.fairvalue-calculator.com/stock/TRIFOR
Frequently asked questions
Is Trifork Holding AG (TRIFOR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 113.85 versus a price of kr 103.00, about +11% upside (undervalued).
What is the fair value of TRIFOR?
Our model-based fair value for Trifork Holding AG is kr 113.85 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 103.00.
What is the quality score of TRIFOR?
Trifork Holding AG has a Quality Score of 58/100. 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 Trifork Holding AG (TRIFOR)?
Our model-based price target is the fair value of kr 113.85 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario kr 79.70, optimistic scenario kr 148.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Trifork Holding AG stock forecast for 2026?
Our models put fair value at kr 113.85, about +11% upside versus a price of kr 103.00 (undervalued). Cautious scenario kr 79.70, optimistic scenario kr 148.00. The calculation is refreshed regularly with new filings.
What is the revenue of Trifork Holding AG (TRIFOR)?
Trifork Holding AG reported trailing-twelve-month revenue of about €220M (latest available figure, as of Sep 24, 2026).
Does Trifork Holding AG pay a dividend?
Trifork Holding AG currently shows a dividend yield of about 0.09% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Trifork Holding AG (TRIFOR)?
For today's price to be fair in a discounted-cash-flow model, Trifork Holding AG would have to grow free cash flow by +4.8 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TRIFOR use?
Our models discount Trifork Holding AG at 12.5 %: a base by market capitalisation (micro), damped by beta 1.01, country premium for Denmark. 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 Trifork Holding AG that is +4.8 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Trifork Holding AG (TRIFOR) delivered so far?
Over the past 5 years revenue at Trifork Holding AG grew +11.1 % a year. The price currently implies +4.8 % 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 Trifork Holding AG (TRIFOR) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Trifork Holding AG (+4.8 % 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 Trifork Holding AG (TRIFOR)?
The free-cash-flow yield on the price is 10.18 %: that much free cash flow Trifork Holding AG produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Trifork Holding AG (TRIFOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trifork Holding AG it is kr 113.85 per share (as of Sep 24, 2026), against a price of kr 103.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Trifork Holding AG stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TRIFOR trades below its calculated fair value: price kr 103.00, fair value kr 113.85, a gap of about +11% (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 TRIFOR?
No. The price is what the market pays today (kr 103.00); the fair value is what the company's own numbers justify (kr 113.85). For Trifork Holding AG the two are kr 10.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Trifork Holding AG worth?
The market values Trifork Holding AG at about 2.0B DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 103.00; our models calculate a fair value of kr 113.85 per share.
What do the bullish and bearish scenarios say about TRIFOR?
Our models span a range for Trifork Holding AG: cautious scenario kr 79.70, base kr 113.85, optimistic kr 148.00 per share (as of Sep 24, 2026, price kr 103.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRIFOR?
Trifork Holding AG trades at a price-to-earnings ratio of 21.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 113.85 is built from several models across several years. Other multiples: P/B 2.1, P/S 1.4, EV/EBITDA 13.3.
How solid is the balance sheet of Trifork Holding AG (TRIFOR)?
Balance-sheet figures for Trifork Holding AG (as of Sep 24, 2026): return on equity 10.4%, debt of 0.16 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is TRIFOR from its 52-week high?
Trifork Holding AG trades at kr 103.00, about 15% below its 52-week high of kr 121.00 and 34% above the low of kr 76.70 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 113.85 is for.
Which stocks are comparable to Trifork Holding AG?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Trifork Holding AG stock attractive at the current price?
The data as of Sep 24, 2026: price kr 103.00, calculated fair value kr 113.85 (+11%), Quality Score 58/100, from 26 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 TRIFOR calculated?
We run Trifork Holding AG through 26 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 kr 113.85, 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 13.0 % above its aggregate fair value. Trifork Holding AG currently trades 11 % 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 Trifork Holding AG (TRIFOR)?
The closing price on Sep 24, 2026 was kr 103.00. Our model-based fair value is kr 113.85, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trifork Holding AG right now?
A fairly wide model range (kr 79.70 to kr 148.00) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Trifork Holding AG (TRIFOR) come from?
Earnings per share at Trifork Holding AG grew +12.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.7 %, EBIT margin −4.8 %, tax rate −0.1 %, residual (interest, one-offs) +2.8 %. 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 Trifork Holding AG
How large is the market capitalisation of Trifork Holding AG (TRIFOR)?
The market capitalisation of Trifork Holding AG is 2.0B DKK (≈ $308M). 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 Trifork Holding AG (TRIFOR)?
The price-to-sales ratio of Trifork Holding AG is 0.98 (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 Trifork Holding AG (TRIFOR)?
Earnings per share at Trifork Holding AG are kr 4.88 (price ÷ EPS = P/E 21.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Trifork Holding AG (TRIFOR)?
The dividend yield of Trifork Holding AG is 0.1% (payout 1.8%). 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 Trifork Holding AG (TRIFOR)?
The net margin of Trifork Holding AG is 4.7% (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 Trifork Holding AG (TRIFOR)?
The return on equity (ROE) of Trifork Holding AG is 10.4% (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 Trifork Holding AG (TRIFOR)?
On an EBIT basis the return on assets of Trifork Holding AG is 6.8% (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 Trifork Holding AG (TRIFOR)?
The operating margin of Trifork Holding AG is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trifork Holding AG (TRIFOR)?
Revenue at Trifork Holding AG is growing −2.3% versus a year earlier (3y avg +6.0%). 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 Trifork Holding AG (TRIFOR)?
Earnings per share at Trifork Holding AG are growing +400% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Trifork Holding AG (TRIFOR) carry?
The net debt of Trifork Holding AG is €102M (fiscal year 2025, ≈ 3.7 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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