Alan Allman Associates SA (AAA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Alan Allman Associates SA stock €2.36, price €1.89, upside +24.9%, quality 48 out of 100. Rating: undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range €1.42 – €20.84 · fair‑value band €2.36 – €3.86 · the €1.89 price screens below the €2.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Alan Allman Associates, together with its subsidiaries, engages in the provision of consulting services in Canada, France, Belgium, Luxembourg, Switzerland, and Singapore.
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The company offers technology consulting in the areas, including cybersecurity, cloud, data management, digitalization of tools and processes, etc.; strategy and management consulting comprising risk management, commercial intelligence, market finance, process management, change management, etc.; and industrial transformation consulting, such as purchasing and supply chain issues, relocation, cost reduction, project management, materials, process consulting, etc.
The company was incorporated in 1954 and is based in Issy-les-Moulineaux, France. Alan Allman Associates operates as a subsidiary of CAMAHËAL Finance S.A.
Stock analysis
Alan Allman Associates SA (AAA) currently trades at €1.89, while our model-based Fair Value estimate is €2.36, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €3.99 per share, and 9 of the 12 models we run sit above the €1.89 price.
Bear case: the Earnings-Based group reads lowest at €0.3300, and 3 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €2.36 (bear) to €3.86 (bull), the price of €1.89 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Alan Allman Associates SA reported revenue of €330M in FY2025 versus €177M in FY2021, a compound +16.9%/yr. Reported net income was −€9.4M in FY2025.
Key figures
Market cap €86.0M Micro · P/E ratio 47.3 · P/S ratio 0.27 · EPS (TTM) €0.0400 · Dividend yield 2.4% · Net margin 0.6% · Return on equity 4.7% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 56% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at 25%, AAA screens cheaper than that median.
Fair Value models
Bear€2.36Fair Value €2.36Bull€3.86
Price €1.89 · Upside +24.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.0343 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−11.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
Start year 2020 (pandemic). Over 10 years: +6.2% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.4% (2020) → 4.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +2.2% a year for the price.
Compare Alan Allman Associates SA with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Consulting Services · 74 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Bottom 25%
Fair Value upside+24.9% · Above median
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets−3.0% · Bottom 25%
Net margin (12 months)0.6% · Bottom 25%
Operating margin (12 months)6.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)−7.5% · Below median
Dividend yield (12 months)2.4% · Below median
Balance sheet
Debt / equity2.37× · Highest 25%
Valuation Multiplesvs Consulting Services median · lower = cheaper
P/E (12 months)47.3× · Priciest 25%
P/B2.16× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Alan Allman Associates SA Fair Value". https://www.fairvalue-calculator.com/stock/AAA.PA
Frequently asked questions
Is Alan Allman Associates SA (AAA) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €2.36 versus a price of €1.89, about +25% upside (undervalued).
What is the fair value of AAA?
Our model-based fair value for Alan Allman Associates SA is €2.36 (as of Nov 9, 2026), built from audited fundamentals. The current price: €1.89.
What is the quality score of AAA?
Alan Allman Associates SA has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Alan Allman Associates SA (AAA)?
Our model-based price target is the fair value of €2.36 (as of Nov 9, 2026) from 13 valuation models. Cautious scenario €2.36, optimistic scenario €3.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Alan Allman Associates SA stock forecast for 2026?
Our models put fair value at €2.36, about +25% upside versus a price of €1.89 (undervalued). Cautious scenario €2.36, optimistic scenario €3.86. The calculation is refreshed regularly with new filings.
What is the revenue of Alan Allman Associates SA (AAA)?
Alan Allman Associates SA reported trailing-twelve-month revenue of about €318M (latest available figure, as of Nov 9, 2026).
Does Alan Allman Associates SA pay a dividend?
Alan Allman Associates SA currently shows a dividend yield of 2.44% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Alan Allman Associates SA (AAA)?
Alan Allman Associates SA has a dividend yield of 2.4%.
What growth is priced into Alan Allman Associates SA (AAA)?
For today's price to be fair in a discounted-cash-flow model, Alan Allman Associates SA would have to grow free cash flow by +4.5 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.7 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of AAA use?
Our models discount Alan Allman Associates SA at 13.3 %: a base by market capitalisation (micro), country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Alan Allman Associates SA that is +4.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Alan Allman Associates SA (AAA) delivered so far?
Over the past 5 years revenue at Alan Allman Associates SA grew +18.7 % a year. The price currently implies free-cash-flow growth of +4.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Alan Allman Associates SA (AAA) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Alan Allman Associates SA (+4.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Alan Allman Associates SA (AAA)?
The free-cash-flow yield on the price is 27.44 %: that much free cash flow Alan Allman Associates SA produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Alan Allman Associates SA (AAA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alan Allman Associates SA it is €2.36 per share (as of Nov 9, 2026), against a price of €1.89. It is the blended result of 13 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit).
Is Alan Allman Associates SA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, AAA trades below its calculated fair value: price €1.89, fair value €2.36, a gap of about +25% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AAA?
No. The price is what the market pays today (€1.89); the fair value is what the company's own numbers justify (€2.36). For Alan Allman Associates SA the two are €0.4700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alan Allman Associates SA worth?
The market values Alan Allman Associates SA at about €86.0M (market capitalisation, as of Nov 9, 2026). Per share that is €1.89; our models calculate a fair value of €2.36 per share.
What do the bullish and bearish scenarios say about AAA?
Our models span a range for Alan Allman Associates SA: cautious scenario €2.36, base €2.36, optimistic €3.86 per share (as of Nov 9, 2026, price €1.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AAA?
Alan Allman Associates SA trades at a price-to-earnings ratio of 47.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.36 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2023), reported earnings: 38.3. Other multiples: PEG 3.8, P/B 2.2, P/S 0.3, EV/EBITDA 13.5.
What is the PEG ratio of AAA?
The PEG ratio of Alan Allman Associates SA is 3.81 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Alan Allman Associates SA (AAA)?
Balance-sheet figures for Alan Allman Associates SA (as of Nov 9, 2026): return on equity 4.7%, debt of 2.37 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is AAA from its 52-week high?
Alan Allman Associates SA trades at €1.89, about 56% below its 52-week high of €4.25 and 33% above the low of €1.42 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €2.36 is for.
Which stocks are comparable to Alan Allman Associates SA?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Bureau Veritas SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Alan Allman Associates SA stock attractive at the current price?
The data as of Nov 9, 2026: price €1.89, calculated fair value €2.36 (+25%), Quality Score 48/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AAA calculated?
We run Alan Allman Associates SA through 13 models from 5 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €2.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Alan Allman Associates SA currently trades 20% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Alan Allman Associates SA (AAA)?
The closing price on Nov 6, 2026 was €1.89. Our model-based fair value is €2.36, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alan Allman Associates SA right now?
The price is below even our cautious bear case (€2.36). The market is more pessimistic than our downside scenario. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Alan Allman Associates SA
How large is the market capitalisation of Alan Allman Associates SA (AAA)?
The market capitalisation of Alan Allman Associates SA is €86.0M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Alan Allman Associates SA (AAA)?
The price-to-sales ratio of Alan Allman Associates SA is 0.27 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Alan Allman Associates SA (AAA)?
Earnings per share at Alan Allman Associates SA are €0.0400 (price ÷ EPS = P/E 47.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alan Allman Associates SA (AAA)?
The dividend yield of Alan Allman Associates SA is 2.4% (payout 115%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Alan Allman Associates SA (AAA)?
The net margin of Alan Allman Associates SA is 0.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Alan Allman Associates SA (AAA)?
The return on equity (ROE) of Alan Allman Associates SA is 4.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Alan Allman Associates SA (AAA)?
On an EBIT basis the return on assets of Alan Allman Associates SA is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Alan Allman Associates SA (AAA)?
The operating margin of Alan Allman Associates SA is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alan Allman Associates SA (AAA)?
Revenue at Alan Allman Associates SA is growing −7.5% versus a year earlier (3y avg +1.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Alan Allman Associates SA (AAA)?
Earnings per share at Alan Allman Associates SA are growing −72.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Alan Allman Associates SA (AAA) carry?
The net debt of Alan Allman Associates SA is €164M (fiscal year 2025, ≈ 6.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026