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Warteck Invest AG (WARN) Fair Value & Analysis

Real Estate · CH · Market cap CHF 603M

WI Warteck Invest AG WARN · SW
PriceCHF 1,920
Fair ValueCHF 830.21
Upside-56.8%
Quality48/100
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Mixed Growth
Highly profitable · 100.4% net margin
Moderate debt · generates free cash flow
3.68% dividend yield
Trails peers (5/14)
Moderate moat 58/100
Evidence: High Range CHF 622.66 – CHF 1,038 Share as image

Fair value as of: Jul 11, 2026

From 16 valuation models · updated 29 days ago

Share price −1.8% over the past month.

Below-average quality, and screening another 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 1,038). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

CHF 2,069 CHF 1,528 Fair Value CHF 830.21 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range CHF 1,528 – CHF 2,069 · fair‑value band CHF 622.66 – CHF 1,038 · the CHF 1,920 price screens above the CHF 830.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

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Analysis

Warteck Invest AG (WARN) currently trades at CHF 1,920, while our model-based Fair Value estimate is CHF 830.21, implying the stock looks roughly 56.8% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Real Estate 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: high).

Trailing-twelve-month revenue stands at CHF 44.5M. Revenue grew 0.2% year over year. It earns a return on equity of 12.2%. Net debt stands at CHF 441M. Fundamentals as of Jul 11, 2026

Our scenario range runs from CHF 622.66 (bear case) to CHF 1,038 (bull case); at CHF 1,920, 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 5% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -57%, WARN 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF CHF 244.72 80
Residual Income CHF 1,385 CHF 1,462 CHF 1,554 76
Rev-Margin DCF CHF 136.68 CHF 535.02 74
All 16 models by family
DCF Models
FCF DCF CHF 310.32 38
5Y Revenue Exit CHF 130.83 CHF 572.79 39
5Y EBITDA Exit CHF 78.94 CHF 680.92 CHF 1,365 41
10Y Revenue Exit CHF 37.46 CHF 414.78 36
10Y EBITDA Exit CHF 380.32 CHF 950.43 37
Dividend Discount
Gordon GGM CHF 543.84 CHF 963.45 CHF 1,349 70
DDM Multi-Stage CHF 543.84 CHF 790.25 CHF 1,019 61
Multiples
P/S Multiple CHF 732.54 CHF 976.72 CHF 1,221 58
P/B Multiple CHF 1,841 CHF 2,454 CHF 3,068 55
EV/EBIT CHF 874.07 CHF 1,465 CHF 2,056 53
EV/EBITDA CHF 478.52 CHF 937.39 CHF 1,396 54
EV/Revenue CHF 153.76 CHF 469.31 43
Asset-Based
NCAV (Graham) CHF 873.85 CHF 1,171 CHF 1,748 50
Growth DCF
Growth DCF CHF 244.72 80
Rev-Margin DCF CHF 136.68 CHF 535.02 74
Economic Profit
Residual Income CHF 1,385 CHF 1,462 CHF 1,554 76

Widest divergence: Economic Profit (CHF 1,462) versus DCF Models (CHF 130.83). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 44.5M
Revenue growth (YoY) +0.2%
Net margin 100%
Return on equity 12.2%
Free cash flow CHF 22.1M FY2025
P/E ratio 13.5
More key figures
Operating margin 75.4%
EPS (TTM) CHF 144.32
EPS growth (YoY) +65.3%
Net debt CHF 441M FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 59

Profitability 37
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 0
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.

About the company

Warteck Invest AG engages in the rental of real estate properties in Switzerland. The company operates in residential properties, mixed-use properties, and development projects, as well as commercial properties, such as office and retail properties. Its portfolio consists of 57 properties in 11 cantons.

Full company description

Warteck Invest AG engages in the rental of real estate properties in Switzerland. The company operates in residential properties, mixed-use properties, and development projects, as well as commercial properties, such as office and retail properties. Its portfolio consists of 57 properties in 11 cantons. Warteck Invest AG was founded in 1856 and is headquartered in Basel, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Warteck Invest AG reported revenue of CHF 46.5M in FY2025 versus CHF 36.1M in FY2021, a compound +6.5%/yr. Reported net income was CHF 44.7M in FY2025, compounding +13.0%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 46.5M
Latest YoY
+5.7%
Avg. growth/yr (3Y)
+8.3%
Avg. growth/yr (5Y)
+5.4%
Avg. growth/yr (16Y)
+3.5%
Revenue +6.5%/yr
FY21 CHF 36.1M
FY22 CHF 36.6M
FY23 CHF 41.3M
FY24 CHF 44.0M
FY25 CHF 46.5M
Net income +13.0%/yr
FY21 CHF 27.4M
FY22 CHF 21.8M
FY23 CHF 16.0M
FY24 CHF 23.1M
FY25 CHF 44.7M

WARN screens 57% overvalued. Compare with Vingroup Joint Stock Company →

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Cite: Fair Value Calculator (2026). "Warteck Invest AG Fair Value". https://www.fairvalue-calculator.com/stock/WARN

Peer Group

Real Estate Services · 521 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 49 · Below median
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 2% · Above median
Net margin (TTM) 100% · Top 25%
Operating margin (TTM) 75% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.54× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 13.5× · Pricier than median
P/B 1.38× · Pricier than median
P/S (TTM) 16.77× · Pricier than 75% of peers
P/FCF 33.7× · Pricier than 75% of peers
EV/EBITDA 29.7× · Pricier 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.

VALUE 0 · sector 37
FUTURE 1 · sector 10
PAST 34 · sector 16
HEALTH 73 · sector 85
DIVIDEND 74 · sector 49

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Warteck Invest AG (WARN) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of CHF 830.21 versus a price of CHF 1,920, about −57% (overvalued).
What is the fair value of WARN?
Our model-based fair value for Warteck Invest AG is CHF 830.21 (as of Jul 11, 2026), built from audited fundamentals. The current price is CHF 1,920.
What is the quality score of WARN?
Warteck Invest AG has a Quality Score of 48/100. 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 Warteck Invest AG (WARN)?
Warteck Invest AG reported trailing-twelve-month revenue of about CHF 44.5M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of WARN?
The net profit margin of Warteck Invest AG is about 100.4%, meaning it keeps roughly 100.4% 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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