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UmweltBank AG (UBK) Fair Value & Analysis

Financial Services · DE · Market cap €150M · ISIN DE0005570808

UA UmweltBank AG UBK · XETRA
Price€3.86
Fair Value€4.39
Upside+13.9%
Quality28/100
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Strengths

Trades 12% below our fair value of €4.39
Solidly profitable · 13.0% net margin

Risks

!Expensive Growth (revenue 5y +12.5 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (6/12)
!Narrow moat 27/100
Expensive Growth (revenue 5y +12.5 %/yr)
Solidly profitable · 13.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 27/100
Evidence: High Range €3.29 – €5.49 Share as image

Fair value as of: Aug 27, 2026

From 6 valuation models · updated 2 days ago

Share price −6.8% over the past month.

Below-average quality, trading 12% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from €3.29 (bear) to €5.49 (bull), base €4.39. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 28/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€21.36 €3.33 Fair Value €4.39 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range €3.33 – €21.36 · fair‑value band €3.29 – €5.49 · the €3.86 price screens below the €4.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

UmweltBank AG (UBK) currently trades at €3.86, while our model-based Fair Value estimate is €4.39, implying the stock looks roughly 13.9% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, UmweltBank AG generated revenue of €78.3M at a net margin of 18.2%. Revenue grew 27.1% year over year. It earns a return on equity of 7.8%. Net debt stands at €1.8B. Fundamentals as of Aug 27, 2026

Our scenario range runs from €3.29 (bear case) to €5.49 (bull case); at €3.86, the current price sits within 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 27% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -7% fair-value upside, at 14%, UBK screens cheaper 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.

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
Highest evidence
Residual Income €4.82 €4.79 €4.16 76
Gordon GGM €1.98 €3.32 €4.30 70
P/E Multiple €3.36 €4.48 €5.60 63
All 6 models by family
Dividend Discount
Gordon GGM €1.98 €3.32 €4.30 70
DDM Multi-Stage €1.98 €3.14 €3.57 61
Multiples
P/E Multiple €3.36 €4.48 €5.60 63
P/B Multiple €4.39 €5.86 €7.32 55
Asset-Based
NCAV (Graham) €3.44 €4.61 €6.88 50
Economic Profit
Residual Income €4.82 €4.79 €4.16 76

Widest divergence: Economic Profit (€4.79) versus Dividend Discount (€3.14). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 11.3
P/S ratio 1.08 P/E × margin
EPS (TTM) €0.3400 price ÷ EPS = P/E 11.3
Net margin 9.5% FY2025
Return on equity 2.9% TTM
Return on assets (EBIT) 0.1% avg 5y
More key figures
Profitability
Operating margin -19.4% TTM
Growth
Revenue (TTM) €94.2M TTM
Revenue growth (YoY) +240% 3y avg +12.0%
Balance sheet & cash flow
Free cash flow −€384M FY2025
Net debt €1.8B FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 23 · Market factors (momentum, volatility) 40

Profitability 20
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 2
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 15
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

UmweltBank AG provides various banking products and services in Germany. It offers checking, saving, and call and term deposit accounts. The company also provides finance for environmental projects, energy and infrastructure projects, photovoltaic, and wind power, as well as ETF and online bank services, and credit cards.

Full company description

UmweltBank AG provides various banking products and services in Germany. It offers checking, saving, and call and term deposit accounts. The company also provides finance for environmental projects, energy and infrastructure projects, photovoltaic, and wind power, as well as ETF and online bank services, and credit cards. In addition, it is involved in securities business; and real estate that includes real estate, rental accommodation projects, commercial real estate, investor projects, nursing care properties, educational facilities, and student resident projects. UmweltBank AG was incorporated in 1994 and is headquartered in Nuremberg, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

UmweltBank AG reported revenue of €150M in FY2025 versus €81.4M in FY2021, a compound +16.4%/yr. Reported net income was €14.3M in FY2025, compounding −7.4%/yr from FY2021.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€150M
Latest YoY
+33.7%
Avg. revenue growth/yr (3Y) 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.
+12.0%
Avg. revenue growth/yr (5Y) 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.
+12.5%
Avg. revenue growth/yr (26Y) 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.
+12.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−14.6% (-14.6 + 0.0)
Revenue +16.4%/yr
FY21 €81.4M
FY22 €107M
FY23 €107M
FY24 €112M
FY25 €150M
Net income −7.4%/yr
FY21 €19.4M
FY22 €19.5M
FY23 €729K
FY24 €734K
FY25 €14.3M

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Cite: Fair Value Calculator (2026). "UmweltBank AG Fair Value". https://www.fairvalue-calculator.com/stock/UBK

Peer Group

Banks - Regional · 1089 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.

Quality Score 26 · Bottom 25%
Fair Value upside +14% · Above median
Return on equity (TTM) 3% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 13% · Bottom 25%
Operating margin (TTM) -19% · Bottom 25%
Revenue growth 240% · Top 25%
Dividend yield (TTM) 7.3% · Top 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than median
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 1.84× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE52 · sector 34
FUTURE100 · sector 44
PAST11 · sector 41
HEALTH84 · sector 85
DIVIDEND100 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD -46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.78 €5.66 -17%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €83.42 €77.62 -7%
Mizuho Financial Group MFG $10.45 $9.83 -6%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 -42%
The PNC Financial Services Group PNC $244.67 $192.40 -21%
CaixaBank, S.A CABK €13.10 €8.85 -32%

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Frequently asked questions

Is UmweltBank AG (UBK) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of €4.39 versus a price of €3.86, about +14% (undervalued).
What is the fair value of UBK?
Our model-based fair value for UmweltBank AG is €4.39 (as of Aug 27, 2026), built from audited fundamentals. The current price: €3.86.
What is the quality score of UBK?
UmweltBank AG has a Quality Score of 28/100. 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 revenue of UmweltBank AG (UBK)?
UmweltBank AG reported trailing-twelve-month revenue of about €78.3M (latest available figure, as of Aug 27, 2026).
What is the net profit margin of UBK?
The net profit margin of UmweltBank AG is about 18.2%, meaning it keeps roughly 18.2% of revenue as net income. Based on the latest reported figures.

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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