As of June 21, 2025, Nabaltec AG's estimated intrinsic value ranges from $17.32 to $51.14 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $33.39 | +121.9% |
| Discounted Cash Flow (5Y) | $33.67 | +123.7% |
| Dividend Discount Model (Multi-Stage) | $17.62 | +17.1% |
| Dividend Discount Model (Stable) | $17.32 | +15.1% |
| Earnings Power Value | $51.14 | +239.8% |
Is Nabaltec AG (NTG.DE) undervalued or overvalued?
With the current market price at $15.05, 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 Nabaltec 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 | 0.81 | 0.97 |
| Cost of equity | 6.9% | 9.7% |
| Cost of debt | 4.0% | 4.5% |
| Tax rate | 21.3% | 28.9% |
| Debt/Equity ratio | 0.67 | 0.67 |
| After-tax WACC | 5.4% | 7.1% |
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 | $34 | $294M | 77.7% |
| 10-Year Growth | $33 | $292M | 58.7% |
| 5-Year EBITDA | $31 | $272M | 75.9% |
| 10-Year EBITDA | $33 | $285M | 57.7% |
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 | $27M |
| Discount Rate (WACC) | 7.1% - 5.4% |
| Enterprise Value | $388M - $508M |
| Net Debt | $(2)M |
| Equity Value | $390M - $510M |
| Outstanding Shares | 9M |
| Fair Value | $44 - $58 |
| Selected Fair Value | $51.14 |
| Metric | Value |
|---|---|
| Market Capitalization | $132M |
| Enterprise Value | $130M |
| Trailing P/E | 9.72 |
| Forward P/E | 8.79 |
| Trailing EV/EBITDA | 6.40 |
| Current Dividend Yield | 183.01% |
| Dividend Growth Rate (5Y) | 16.89% |
| Debt-to-Equity Ratio | 0.67 |
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% | $10.02 |
| Discounted Cash Flow (5Y) | 25% | $8.42 |
| Dividend Discount Model (Multi-Stage) | 20% | $3.52 |
| Dividend Discount Model (Stable) | 15% | $2.60 |
| Earnings Power Value | 10% | $5.11 |
| Weighted Average | 100% | $29.67 |
Based on our comprehensive valuation analysis, Nabaltec AG's weighted average intrinsic value is $29.67, which is approximately 97.2% above the current market price of $15.05.
Key investment considerations:
Given these factors, we believe Nabaltec AG is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.