Fountaine Pajo (ALFPC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fountaine Pajo stock €242, price €80.80, upside +200.0%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 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 8, 2026.
How to read this chart
60‑month range €72.80 – €135.12 · fair‑value band €169.68 – €305.39 · the €80.80 price screens below the €242.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Fountaine Pajot SA designs, develops, produces, and sells sailing catamarans, motor catamarans, and monohull for recreational boating markets internationally. It offers sailing catamarans and motor yachts under the Fountaine Pajot brand name; and sailboats under the Dufour brand name.
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The company was founded in 1976 and is based in Aigrefeuille, France. S.A. Fountaine Pajot SA operates as a subsidiary of La Compagnie Du Catamaran SAS.
Stock analysis
Fountaine Pajo (ALFPC) currently trades at €80.80, while our model-based Fair Value estimate is €242.40, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €391.98 per share, and 13 of the 16 models we run sit above the €80.80 price.
Bear case: the Asset-Based group reads lowest at €24.85, and 3 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: €169.68 (bear) to €305.39 (bull), the price of €80.80 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 47/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Fountaine Pajo reported revenue of €323M in FY2025 versus €202M in FY2021, a compound +12.4%/yr. Reported net income was €29.9M in FY2025, compounding +26.7%/yr from FY2021.
Key figures
Market cap €135M Micro · P/E ratio 26.0 · P/S ratio 2.41 · EPS (TTM) €3.11 · Dividend yield 3.1% · Net margin 9.3% · Return on equity 11.3% · Return on assets (EBIT) 10.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 47% fair-value upside, at 200%, ALFPC screens cheaper than that median.
Fair Value models
Bear€169.68Fair Value €242.40Bull€305.39
Price €80.80 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 12 months old). Earnings retained since then (€0.5900 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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−8.0%
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.
+13.7%
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.
+13.3%
Start year 2020 (pandemic). Over 10 years: +17.8% a year
Revenue growth 22 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.
+10.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +13.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.9%
Dividend (yield on the price)3.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.22.1% vs 24.1%, steady
Profit margin 2020 to 2025 ⓘ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.7% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 88% above its own trend.
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.Recreational Vehicles · 32 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)11.3% · Above median
Return on assets9.3% · Top 25%
Net margin (12 months)6.5% · Top 25%
Operating margin (12 months)1.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−12.3% · Bottom 25%
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Recreational Vehicles median · lower = cheaper
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). "Fountaine Pajo Fair Value". https://www.fairvalue-calculator.com/stock/ALFPC
Frequently asked questions
Is Fountaine Pajo (ALFPC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €242.40 versus a price of €80.80, about +200% upside (undervalued).
What is the fair value of ALFPC?
Our model-based fair value for Fountaine Pajo is €242.40 (as of Nov 8, 2026), built from audited fundamentals. The current price: €80.80.
What is the quality score of ALFPC?
Fountaine Pajo has a Quality Score of 47/100. 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 Fountaine Pajo (ALFPC)?
Our model-based price target is the fair value of €242.40 (as of Nov 8, 2026) from 16 valuation models. Cautious scenario €169.68, optimistic scenario €305.39. It is a calculation from audited fundamentals, not an analyst target.
What is the Fountaine Pajo stock forecast for 2026?
Our models put fair value at €242.40, about +200% upside versus a price of €80.80 (undervalued). Cautious scenario €169.68, optimistic scenario €305.39. The calculation is refreshed regularly with new filings.
What is the revenue of Fountaine Pajo (ALFPC)?
Fountaine Pajo reported trailing-twelve-month revenue of about €306M (latest available figure, as of Nov 8, 2026).
Does Fountaine Pajo pay a dividend?
Fountaine Pajo currently shows a dividend yield of 3.12% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Fountaine Pajo (ALFPC) and when is the ex-dividend date?
Fountaine Pajo pays a dividend of €2.52 per share a year, a dividend yield of 3.1%. The last ex-dividend date was Apr 22, 2026. A dividend has been paid every year since 2013. The payout ratio is 87.6% of earnings (on adjusted earnings, reported 81.0%). Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Fountaine Pajo (ALFPC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fountaine Pajo it is €242.40 per share (as of Nov 8, 2026), against a price of €80.80. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Fountaine Pajo stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ALFPC trades below its calculated fair value: price €80.80, fair value €242.40, a gap of about +200% (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 ALFPC?
No. The price is what the market pays today (€80.80); the fair value is what the company's own numbers justify (€242.40). For Fountaine Pajo the two are €161.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fountaine Pajo worth?
The market values Fountaine Pajo at about €135M (market capitalisation, as of Nov 8, 2026). Per share that is €80.80; our models calculate a fair value of €242.40 per share.
What do the bullish and bearish scenarios say about ALFPC?
Our models span a range for Fountaine Pajo: cautious scenario €169.68, base €242.40, optimistic €305.39 per share (as of Nov 8, 2026, price €80.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALFPC?
Fountaine Pajo trades at a price-to-earnings ratio of 26.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €242.40 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 4.9 (reported for FY2025: 4.5). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 15.2. Other multiples: P/B 1.1, P/S 0.5, EV/EBITDA 2.2.
How solid is the balance sheet of Fountaine Pajo (ALFPC)?
Balance-sheet figures for Fountaine Pajo (as of Nov 8, 2026): return on equity 11.3%, debt of 0.24 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ALFPC from its 52-week high?
Fountaine Pajo trades at €80.80, about 27% below its 52-week high of €110.09 and 11% above the low of €72.80 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €242.40 is for.
Which stocks are comparable to Fountaine Pajo?
From the same area (Consumer Cyclical) we also value Zhejiang Cfmoto Power Co, Brunswick Corporation, BRP Inc, THOR Industries, Inc, 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 Fountaine Pajo stock attractive at the current price?
The data as of Nov 8, 2026: price €80.80, calculated fair value €242.40 (+200%), Quality Score 47/100, from 16 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 ALFPC calculated?
We run Fountaine Pajo through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €242.40 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. Fountaine Pajo currently trades 67% 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 Fountaine Pajo (ALFPC)?
The closing price on Nov 6, 2026 was €80.80. Our model-based fair value is €242.40, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fountaine Pajo right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€169.68). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Fountaine Pajo (ALFPC) come from?
Earnings per share at Fountaine Pajo grew +25.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +20.0 %, EBIT margin −0.9 %, tax rate +1.0 %, residual (interest, one-offs) +4.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fountaine Pajo
How large is the market capitalisation of Fountaine Pajo (ALFPC)?
The market capitalisation of Fountaine Pajo is €135M. 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 Fountaine Pajo (ALFPC)?
The price-to-sales ratio of Fountaine Pajo is 2.41 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fountaine Pajo (ALFPC)?
Earnings per share at Fountaine Pajo are €3.11 (price ÷ EPS = P/E 26.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fountaine Pajo (ALFPC)?
The dividend yield of Fountaine Pajo is 3.1% (payout 87.6%, on adjusted earnings, reported 81.0%). 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 Fountaine Pajo (ALFPC)?
The net margin of Fountaine Pajo is 9.3% (fiscal year 2025). 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 Fountaine Pajo (ALFPC)?
The return on equity (ROE) of Fountaine Pajo is 11.3% (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 Fountaine Pajo (ALFPC)?
On an EBIT basis the return on assets of Fountaine Pajo is 10.5% (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 Fountaine Pajo (ALFPC)?
The operating margin of Fountaine Pajo is 1.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fountaine Pajo (ALFPC)?
Revenue at Fountaine Pajo is growing −12.3% versus a year earlier (3y avg +13.7%). 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 Fountaine Pajo (ALFPC)?
Earnings per share at Fountaine Pajo are growing −66.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fountaine Pajo (ALFPC) generate?
The free cash flow of Fountaine Pajo is −€13.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Fountaine Pajo (ALFPC) hold?
Fountaine Pajo holds more cash than debt, €86.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026