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Agfa-Gevaert is a digital and materials turnaround opportunity, with growth potential in ZIRFON, but carrying legacy risks.

Published
17 Oct 25
Updated
21 Nov 25
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RecMag's Fair Value
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1Y
-6.7%
7D
-20.4%

Author's Valuation

€5.3988.4% undervalued intrinsic discount

RecMag's Fair Value

Shared on 21 Nov 25

AGFB shares have historically experienced significant price fluctuations, reflecting trading volume and market dynamics. Restructuring accelerates, raising targeted savings to €75M.

Shared on 13 Nov 25

Q3 2025, Revenue declined by 7.1 % year‑on‑year (‑4.7 % ex‑FX) to €257 m, driven by a sharp drop in the Radiology Solutions division. Adjusted EBITDA fell to €5 m (2.0 % of revenue) despite cost control measures.

Shared on 20 Oct 25

Agfa-Gevaert is unlocking hidden value by redeveloping surplus areas of its historic, roughly 25-hectare (250,000 m² / 2,690,977 ft²) Mortsel site , located just outside Antwerp, a walkable global city known for one of Europe’s largest ports and its world-renowned diamond trade. Even redeveloping as little as 1% (2,500 m² / 26,909.8 ft²) of the property could represent a multimillion-euro prime real estate opportunity , with potential for large-scale apartment or mixed-use projects — all while Agfa maintains its headquarters, R&D, and key production lines fully operational.

Shared on 19 Oct 25

The old ship’s new engines are revving up, steering through a necessary overhaul. Agfa 3Q 2025: November 12, 2025 – notable.