The Discounted Cash Flow (DCF) valuation of EQS Group AG (EQS.DE) is 14.11 EUR. With the latest stock price at 39.80 EUR, the upside of EQS Group AG based on DCF is -64.5%.

Is EQS.DE a buy or a sell?

Based on the latest price of 39.80 EUR and our DCF valuation, EQS Group AG (EQS.DE) is a sell. Selling EQS.DE stocks now will result in a potential gain of 64.5%.

	Range	Selected
WACC / Discount Rate	5.1% - 7.2%	6.2%
Long-term Growth Rate	3.0% - 4.9%	3.9%
Fair Price	6.23 - 146.11	14.11
Upside	-84.4% - 267.1%	-64.5%

39.80 EUR

Stock Price

14.11 EUR

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

EQS.DE DCF Valuation: Revenue & Expenses Forecast

(EUR in millions)		Projections

	12-2022	12-2023	12-2024	12-2025	12-2026	12-2027

Revenue	61	74	91	109	128	145
% Growth	22%	20%	24%	20%	17%	13%

Cost of goods sold	(45)	(52)	(61)	(69)	(77)	(83)
% of Revenue	74%	70%	67%	63%	60%	57%

Selling, G&A expenses	(11)	(14)	(17)	(20)	(24)	(27)
% of Revenue	19%	19%	19%	19%	19%	19%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(10)	(12)	(15)	(17)	(20)	(23)
% of Revenue	16%	16%	16%	16%	16%	16%

Tax expense	2	1	0	(1)	(2)	(3)
Tax rate	-38%	30%	30%	30%	30%	30%

Net profit	(3)	(3)	(1)	1	5	8
% Margin	-5%	-3%	-1%	1%	4%	6%