As of April 28, 2026, Jungheinrich AG's estimated intrinsic value ranges from $25.73 to $154.20 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $154.20 | +519.3% |
| Discounted Cash Flow (5Y) | $108.13 | +334.3% |
| Dividend Discount Model (Multi-Stage) | $67.54 | +171.2% |
| Dividend Discount Model (Stable) | $25.73 | +3.3% |
| Earnings Power Value | $76.07 | +205.5% |
Is Jungheinrich AG (JUN3.DE) undervalued or overvalued?
With the current market price at $24.90, the stock appears to be significantly undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate Jungheinrich AG's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 2.8% | 3.3% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.65 | 0.86 |
| Cost of equity | 6.1% | 9.0% |
| Cost of debt | 4.0% | 4.5% |
| Tax rate | 24.4% | 26.4% |
| Debt/Equity ratio | 1.02 | 1.02 |
| After-tax WACC | 4.5% | 6.1% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $108 | $15,816M | 92.5% |
| 10-Year Growth | $154 | $21,454M | 85.9% |
| 5-Year EBITDA | $25 | $5,599M | 78.8% |
| 10-Year EBITDA | $47 | $8,339M | 63.8% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $621M |
| Discount Rate (WACC) | 6.1% - 4.5% |
| Enterprise Value | $10,125M - $13,663M |
| Net Debt | $2,585M |
| Equity Value | $7,540M - $11,078M |
| Outstanding Shares | 122M |
| Fair Value | $62 - $91 |
| Selected Fair Value | $76.07 |
| Metric | Value |
|---|---|
| Market Capitalization | $3047M |
| Enterprise Value | $5632M |
| Trailing P/E | 29.41 |
| Forward P/E | 14.23 |
| Trailing EV/EBITDA | 7.45 |
| Current Dividend Yield | 271.40% |
| Dividend Growth Rate (5Y) | 17.12% |
| Debt-to-Equity Ratio | 1.09 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $46.26 |
| Discounted Cash Flow (5Y) | 25% | $27.03 |
| Dividend Discount Model (Multi-Stage) | 20% | $13.51 |
| Dividend Discount Model (Stable) | 15% | $3.86 |
| Earnings Power Value | 10% | $7.61 |
| Weighted Average | 100% | $98.27 |
Based on our comprehensive valuation analysis, Jungheinrich AG's intrinsic value is $98.27, which is approximately 294.6% above the current market price of $24.90.
Key investment considerations:
Given these factors, we believe Jungheinrich AG is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.