Herige SA (ALHRG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Herige SA stock €25.93, price €18.45, upside +40.5%, quality 28 out of 100. Rating: undervalued. Calculated from audited financials with 2 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 €17.70 – €43.13 · fair‑value band €17.20 – €34.65 · the €18.45 price screens below the €25.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Herige engages in the production of ready-mixed and industrial precast concrete in France. The company also offers a multi-material range of joinery, shutters, entrance doors, garage doors, and gates, as well as landscaping products, blocks, and curbs.
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In addition, it is involved in timber construction activities. The company was formerly known as VM Matériaux and changed its name to Herige in May 2015. Herige was founded in 1907 and is headquartered in Montaigu-Vendée, France.
Stock analysis
Herige SA (ALHRG) currently trades at €18.45, while our model-based Fair Value estimate is €25.93, implying the stock looks roughly 29% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: €17.20 (bear) to €34.65 (bull), the price of €18.45 sits inside 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 28/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Herige SA reported revenue of €379M in FY2025 versus €712M in FY2021, a compound −14.6%/yr. Reported net income was −€7.8M in FY2025.
Key figures
Market cap €50.4M Micro · P/S ratio 0.13 · EPS (TTM) €−2.14 · Dividend yield 10.7% · Net margin −1.6% · Return on equity −4.3% · Return on assets (EBIT) 1.1% (5-year average) · Operating margin −0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 41%, ALHRG screens cheaper than that median.
Fair Value models
Bear€17.20Fair Value €25.93Bull€34.65
Price €18.45 · Upside +40.5%
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.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.
Best data coverage
EV/EBITDA€20.23€30.50€40.7766
NCAV (Graham)€1.50€2.27€2.8454
All 2 models by family
Multiples
EV/EBITDA€20.23€30.50€40.7766
Asset-Based
NCAV (Graham)€1.50€2.27€2.8454
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−27.8%
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.
−21.8%
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.
−8.8%
Start year 2020 (pandemic). Over 10 years: −3.0% a year
Revenue growth 19 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.
−1.5%
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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.
2.4% (2020) → −2.2% (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
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.Building Materials · 257 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+40.5% · Top 25%
Profitability
Return on assets−2.6% · Bottom 25%
Net margin (12 months)−1.6% · Bottom 25%
Operating margin (12 months)−0.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)1.0% · Below median
Dividend yield (12 months)10.7% · Top 25%
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Building Materials 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). "Herige SA Fair Value". https://www.fairvalue-calculator.com/stock/ALHRG
Frequently asked questions
Is Herige SA (ALHRG) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €25.93 versus a price of €18.45, about +41% upside (undervalued).
What is the fair value of ALHRG?
Our model-based fair value for Herige SA is €25.93 (as of Nov 9, 2026), built from audited fundamentals. The current price: €18.45.
What is the quality score of ALHRG?
Herige SA has a Quality Score of 28/100. 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 Herige SA (ALHRG)?
Our model-based price target is the fair value of €25.93 (as of Nov 9, 2026) from 2 valuation models. Cautious scenario €17.20, optimistic scenario €34.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Herige SA stock forecast for 2026?
Our models put fair value at €25.93, about +41% upside versus a price of €18.45 (undervalued). Cautious scenario €17.20, optimistic scenario €34.65. The calculation is refreshed regularly with new filings.
What is the revenue of Herige SA (ALHRG)?
Herige SA reported trailing-twelve-month revenue of about €382M (latest available figure, as of Nov 9, 2026).
Does Herige SA pay a dividend?
Herige SA currently shows a dividend yield of 10.70% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Herige SA (ALHRG)?
Herige SA has a dividend yield of 10.7%.
What is the intrinsic value of Herige SA (ALHRG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Herige SA it is €25.93 per share (as of Nov 9, 2026), against a price of €18.45. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Herige SA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, ALHRG trades below its calculated fair value: price €18.45, fair value €25.93, a gap of about +41% (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 ALHRG?
No. The price is what the market pays today (€18.45); the fair value is what the company's own numbers justify (€25.93). For Herige SA the two are €7.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Herige SA worth?
The market values Herige SA at about €50.4M (market capitalisation, as of Nov 9, 2026). Per share that is €18.45; our models calculate a fair value of €25.93 per share.
What do the bullish and bearish scenarios say about ALHRG?
Our models span a range for Herige SA: cautious scenario €17.20, base €25.93, optimistic €34.65 per share (as of Nov 9, 2026, price €18.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ALHRG?
The PEG ratio of Herige SA is 1.92 (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 Herige SA (ALHRG)?
Balance-sheet figures for Herige SA (as of Nov 9, 2026): return on equity −4.3%, debt of 0.48 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is ALHRG from its 52-week high?
Herige SA trades at €18.45, about 18% below its 52-week high of €22.40 and 4% above the low of €17.70 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €25.93 is for.
Which stocks are comparable to Herige SA?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Herige SA stock attractive at the current price?
The data as of Nov 9, 2026: price €18.45, calculated fair value €25.93 (+41%), Quality Score 28/100, from 2 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 ALHRG calculated?
We run Herige SA through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of €25.93 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. Herige SA currently trades 29% 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 Herige SA (ALHRG)?
The closing price on Nov 6, 2026 was €18.45. Our model-based fair value is €25.93, about +41% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Herige SA right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (€17.20 to €34.65) leaves room in how you read the outcome.
Key figures of Herige SA
How large is the market capitalisation of Herige SA (ALHRG)?
The market capitalisation of Herige SA is €50.4M. 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 Herige SA (ALHRG)?
The price-to-sales ratio of Herige SA is 0.13 (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 Herige SA (ALHRG)?
Earnings per share at Herige SA are €−2.14. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Herige SA (ALHRG)?
The dividend yield of Herige SA is 10.7%. 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 Herige SA (ALHRG)?
The net margin of Herige SA is −1.6% (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 Herige SA (ALHRG)?
The return on equity (ROE) of Herige SA is −4.3% (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 Herige SA (ALHRG)?
On an EBIT basis the return on assets of Herige SA is 1.1% (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 Herige SA (ALHRG)?
The operating margin of Herige SA is −0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Herige SA (ALHRG)?
Revenue at Herige SA is growing +1.0% versus a year earlier (3y avg −21.8%). 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 Herige SA (ALHRG)?
Earnings per share at Herige SA are growing +152% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Herige SA (ALHRG) generate?
The free cash flow of Herige SA is −€19.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Herige SA (ALHRG) carry?
The net debt of Herige SA is €29.4M (fiscal year 2025). 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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Thin data
Nov 9, 2026