Wacker Neuson SE (WAC) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Wacker Neuson SE €23.84, price €23.95, upside -0.5%, quality 64 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 27, 2026.
How to read this chart
60‑month range €11.02 – €24.94 · fair‑value band €17.88 – €29.79 · the €23.95 price screens above the €23.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Wacker Neuson SE manufactures and distributes light and compact equipment in Germany, Austria, the United States, and internationally. It operates in three segments: Light Equipment, Compact Equipment, and Services.
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Wacker Neuson SE manufactures and distributes light and compact equipment in Germany, Austria, the United States, and internationally. It operates in three segments: Light Equipment, Compact Equipment, and Services. The company provides battery-powered rammers, vibratory plates and rollers for soil compaction, internal vibrators for concrete compaction, and mini excavators, as well as charging solutions. It also offers compact equipment, including track and wheeled excavators, wheel loaders, tele wheel loaders, skid steer loaders, telehandlers, wheel and track dumpers, and backhoe loaders, as well as related product attachments and accessories. In addition, the company provides repair and maintenance services; spare parts; used equipment, financing, telematics, training, e-business, and rental solutions; and digital service solutions. Further, it offers demolition and lighting products, pumps, heaters, generators, farm loaders, articulated wheels, and interchangeable batteries and chargers. Additionally, the company is involved in the sale of third-party machines, including resale of trade-ins. It distributes its products and services under the Wacker Neuson, Kramer, Weidemann, Enar, BatteryOne, and Sequello brand names. The company serves construction, gardening and landscaping, agricultural, municipal, recycling, railway, and manufacturing industries. Wacker Neuson SE was founded in 1848 and is headquartered in Munich, Germany.
Stock analysis
Wacker Neuson SE (WAC) currently trades at €23.95, while our model-based Fair Value estimate is €23.84, so the stock looks roughly fairly valued today (gap 0.5%).
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Valuation
Bull case: the DCF Models group reads highest at a median of €35.04 per share, and 13 of the 26 models we run sit above the €23.95 price.
Bear case: the Dividend Discount group reads lowest at €7.66, and 13 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €17.88 (bear) to €29.79 (bull), the price of €23.95 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 64/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Wacker Neuson SE reported revenue of €2.2B in FY2025 versus €1.9B in FY2021, a compound +4.4%/yr. Reported net income was €77.2M in FY2025, compounding −13.5%/yr from FY2021.
Key figures
Market cap €1.6B · P/E ratio 16.1 · P/S ratio 0.56 · EPS (TTM) €1.49 · Dividend yield 2.9% · Net margin 3.5% · Return on equity 6.6% · Return on assets (EBIT) 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 0%, WAC screens richer than that median.
Fair Value models
Bear €17.88Fair Value €23.84Bull €29.79
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 (€0.5887 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.7%
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.
−0.5%
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.
+6.6%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 20 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.
+7.7%
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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.
+0.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)2.9%
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.−2.1% vs 1.9%, 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.4% → 5%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than 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).
−2.4%
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.
+7.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −4.4% a year for the price and +5.3% 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.Farm & Heavy Construction Machinery · 149 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−0.5% · Below median
Profitability
Return on equity (TTM)6.6% · Below median
Return on assets3.6% · Above median
Net margin (TTM)4.4% · Below median
Operating margin (TTM)6.5% · Below median
Growth and dividend
Revenue growth19.8% · Above median
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Wacker Neuson SE Fair Value". https://www.fairvalue-calculator.com/stock/WAC
Frequently asked questions
Is Wacker Neuson SE (WAC) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of €23.84 versus a price of €23.95, about −0% upside (fairly valued).
What is the fair value of WAC?
Our model-based fair value for Wacker Neuson SE is €23.84 (as of Sep 27, 2026), built from audited fundamentals. The current price: €23.95.
What is the quality score of WAC?
Wacker Neuson SE has a Quality Score of 64/100. 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 Wacker Neuson SE (WAC)?
Our model-based price target is the fair value of €23.84 (as of Sep 27, 2026) from 26 valuation models. Cautious scenario €17.88, optimistic scenario €29.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Wacker Neuson SE stock forecast for 2026?
Our models put fair value at €23.84, about −0% upside versus a price of €23.95 (fairly valued). Cautious scenario €17.88, optimistic scenario €29.79. The calculation is refreshed regularly with new filings.
What is the revenue of Wacker Neuson SE (WAC)?
Wacker Neuson SE reported trailing-twelve-month revenue of about €2.3B (latest available figure, as of Sep 27, 2026).
Does Wacker Neuson SE pay a dividend?
Wacker Neuson SE currently shows a dividend yield of about 2.92% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Wacker Neuson SE (WAC)?
For today's price to be fair in a discounted-cash-flow model, Wacker Neuson SE would have to grow free cash flow by -2.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.6 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of WAC use?
Our models discount Wacker Neuson SE at 11.6 %: a base by market capitalisation (small), damped by beta 1.22, country premium for Germany. 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 Wacker Neuson SE that is -2.4 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Wacker Neuson SE (WAC) delivered so far?
Over the past 5 years revenue at Wacker Neuson SE grew +6.6 % a year. The price currently implies -2.4 % 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 Wacker Neuson SE (WAC) growing?
The median revenue growth in the sector is +5.4 % a year. That is the yardstick for the growth priced into Wacker Neuson SE (-2.4 % 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 Wacker Neuson SE (WAC)?
The free-cash-flow yield on the price is 13.18 %: that much free cash flow Wacker Neuson SE produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wacker Neuson SE (WAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wacker Neuson SE it is €23.84 per share (as of Sep 27, 2026), against a price of €23.95. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Wacker Neuson SE stock overvalued or undervalued in 2026?
As of Sep 27, 2026, WAC trades above its calculated fair value: price €23.95, fair value €23.84, a gap of about −0% (fairly valued). 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 WAC?
No. The price is what the market pays today (€23.95); the fair value is what the company's own numbers justify (€23.84). For Wacker Neuson SE the two are €0.1100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wacker Neuson SE worth?
The market values Wacker Neuson SE at about €1.6B (market capitalisation, as of Sep 27, 2026). Per share that is €23.95; our models calculate a fair value of €23.84 per share.
What do the bullish and bearish scenarios say about WAC?
Our models span a range for Wacker Neuson SE: cautious scenario €17.88, base €23.84, optimistic €29.79 per share (as of Sep 27, 2026, price €23.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WAC?
Wacker Neuson SE trades at a price-to-earnings ratio of 16.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €23.84 is built from several models across several years. Other multiples: PEG 0.4, P/B 1.1, P/S 0.7, EV/EBITDA 8.7.
What is the PEG ratio of WAC?
The PEG ratio of Wacker Neuson SE is 0.39 (P/E divided by earnings growth, as of Sep 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Wacker Neuson SE (WAC)?
Balance-sheet figures for Wacker Neuson SE (as of Sep 27, 2026): return on equity 6.6%, debt of 0.07 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is WAC from its 52-week high?
Wacker Neuson SE trades at €23.95, about 4% below its 52-week high of €24.85 and 43% above the low of €16.70 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of €23.84 is for.
Which stocks are comparable to Wacker Neuson SE?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Wacker Neuson SE stock attractive at the current price?
The data as of Sep 27, 2026: price €23.95, calculated fair value €23.84 (−0%), Quality Score 64/100, 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 WAC calculated?
We run Wacker Neuson SE 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 €23.84, 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 15.9 % above its aggregate fair value. Wacker Neuson SE itself currently trades above fair value. 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 Wacker Neuson SE (WAC)?
The closing price on Sep 28, 2026 was €23.95. Our model-based fair value is €23.84, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wacker Neuson SE right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Wacker Neuson SE (WAC) come from?
Earnings per share at Wacker Neuson SE grew +5.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.9 %, EBIT margin −1.1 %, tax rate +0.3 %, residual (interest, one-offs) −0.6 %. 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 Wacker Neuson SE
How large is the market capitalisation of Wacker Neuson SE (WAC)?
The market capitalisation of Wacker Neuson SE is €1.6B. 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 Wacker Neuson SE (WAC)?
The price-to-sales ratio of Wacker Neuson SE is 0.56 (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 Wacker Neuson SE (WAC)?
Earnings per share at Wacker Neuson SE are €1.49 (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 Wacker Neuson SE (WAC)?
The dividend yield of Wacker Neuson SE is 2.9% (payout 47.0%). 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 Wacker Neuson SE (WAC)?
The net margin of Wacker Neuson SE is 3.5% (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 Wacker Neuson SE (WAC)?
The return on equity (ROE) of Wacker Neuson SE is 6.6% (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 Wacker Neuson SE (WAC)?
On an EBIT basis the return on assets of Wacker Neuson SE is 7.0% (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 Wacker Neuson SE (WAC)?
The operating margin of Wacker Neuson SE is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wacker Neuson SE (WAC)?
Revenue at Wacker Neuson SE is growing +19.8% versus a year earlier (3y avg −0.5%). 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 Wacker Neuson SE (WAC)?
Earnings per share at Wacker Neuson SE are growing +583% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wacker Neuson SE (WAC) carry?
The net debt of Wacker Neuson SE is €306M (fiscal year 2025, ≈ 1.4 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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