SMT Scharf AG makes railway track-maintenance and infrastructure machinery, the kind of equipment rail operators buy to renew and service their networks. The business is small, with a market cap of about 31M EUR, and its gross margin of 40.2% shows the product side still earns decent unit economics even though operating margin is negative at -9.4%. The attraction is the forward multiple: at 11.6x forward earnings, the market is pricing in a recovery that trailing numbers do not yet show. Against that, revenue fell 30.0% and ROE is -3.2%, so the thesis rests on whether order flow from rail capex programmes returns to support volumes, and a deeper look should start there.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €6.40 | first publication | €5.65 |
Answered from SMT Scharf AG fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| S188.DE SMT Scharf AG | €5.65 | - | - | - | -3.2% | 43 | 36 |
| MLCFD.PA Compagnie de Chemins de Fer Départementaux Société Anonyme | €1150.00 | - | - | 30.4x | 5.1% | 64 | 49 |
| CY1K.DE SBF AG | €2.31 | €3 | 8% below | 231.0x | 0.4% | 51 | 33 |
| SWVL Swvl Holdings Corp Class A Common Shares | $3.75 | $1 | 175% above | 123.7x | 24.0% | 49 | 53 |
| ALGIR.PA Signaux Girod S.A. | €15.60 | €24 | 35% below | - | -1.2% | 35 | 50 |
| RAIL.ST Railcare Group AB (publ) | kr 29.80 | kr 45 | 34% below | 14.3x | 16.4% | 58 | 57 |
| RAIL FreightCar America Inc. Common Stock | $4.23 | $9 | 51% below | - | -8.8% | 13 | 25 |
Where S188.DE ranks against its sector peers on each metric.