Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a cyclical company: EV/EBITDA comparison and Discounted cash flow.
ACCE opinionTAKKT AG (TTK.DE)
Fair value
Not available
ACCE price target
€3.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Price used: €2.76 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
33
out of 100
1-year return
-43.6%
Dividend yield
0.00%
TAKKT AG in four questions
Plain answers, details below
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Overview
ACCE thesis
TAKKT AG distributes packaging, hygiene and business supplies to small and mid-sized commercial customers through catalog and e-commerce channels in Europe and North America, under brands such as Hagemeyer and Gastro Hero. Its edge rests on a 38.4% gross margin, which points to a high-service, high-touch model where customers buy small quantities and value fast delivery and broad range over price. Revenue is shrinking at 5.0% and operating margin is slightly negative at -0.8%, so the earnings base is currently thin and the investment case depends on whether volume stabilizes and cost cuts restore profitability. At a forward P/E of 8.8 and a market capitalization of about 168M EUR, the stock is priced for continued decline, which makes the balance between a cheap entry and a deteriorating top line the central question for a deeper look at the filings, debt position and restructuring progress.