EN DE
Watch Keyrus SA for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Keyrus SA (ALKEY) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Keyrus SA stock €3.96, price €7.62, that is 48.0% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Technology FR · ISIN FR0004029411

KS Keyrus SA logo Thin data Nov 8, 2026

Keyrus SA

ALKEY · PA
Very expensive, weak quality

Our calculation puts a fair price 48% below what the stock costs today.

Quality 41/100
Expensive Growth (revenue 5y +4.9 %/yr in EUR)
Loss over the last twelve months · -2.6% net margin (TTM) · fiscal year 2025 1.0%
Moderate debt
Fair value €3.96 · Strongly overvalued
Negative free cash flow
Trails peers (1/11)
Narrow moat 16/100
Thin data
⚠ Small free float
Watch Keyrus SA for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€12.00 €3.14 Fair Value €3.96 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range €3.14 – €12.00 · fair‑value band €2.80 – €5.36 · the €7.62 price screens above the €3.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

Follow Keyrus in your weekly email

Every Wednesday you see whether Keyrus is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Keyrus S.A., a consultancy company, engages in the development of data and digital solutions for performance management worldwide.

Show moreShow less

It provides data advisory and consulting services, such as data and AI strategies, roadmap and scoping study, architecture and technology consulting, decision intelligence, and data governance; and data and analytic solutions, including data platforms, visualization and storytelling, quality and governance, and mesh and fabric, as well as cloud data management.

The company also offers artificial intelligence (AI) literacy and understanding, strategy and prioritization, testing and development, production and scale-up, modeling and evaluation, and governance services; enterprise performance management services, such as performance analytics, consolidation and regulatory reporting, and profitability and cost management as well as planning, budgeting, and forecasting; and digital and multi-experience services, including digital strategy consulting, customer data platform, marketing automation, and omnichannel commerce.

It provides its offerings under the Keyrus Life Science, Absys Cyborg, Younicorns, Vision.bi, and CMG Consulting Group brands. The company was founded in 1996 and is headquartered in Levallois-Perret, France.

Stock analysis

Keyrus SA (ALKEY) currently trades at €7.62, while our model-based Fair Value estimate is €3.96, 48% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of €5.82 per share, and 1 of the 9 models we run sit above the €7.62 price.

Bear case: the Earnings-Based group reads lowest at €1.20, and 8 of the 9 models stay below the price. Data coverage for this calculation is low.

Scenario range: €2.80 (bear) to €5.36 (bull), the price of €7.62 sits above 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 41/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Keyrus SA reported revenue of €332M in FY2025 versus €289M in FY2021, a compound +3.5%/yr. Reported net income was €3.3M in FY2025, compounding −4.6%/yr from FY2021.

Key figures

Market cap €121M Micro · P/S ratio 0.37 · EPS (TTM) €−0.5200 · Net margin −2.6% · Return on equity −11.8% · Return on assets (EBIT) 2.5% (5-year average) · Operating margin 2.4% · Revenue (TTM) €332M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 17% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −48%, ALKEY screens richer than that median.

Fair Value models

Bear €2.80 Fair Value €3.96 Bull €5.36
Price €7.62 · Downside -48.0%
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
Owner Earnings €2.80 €3.96 €5.36 77
Residual Income €2.42 €2.38 €2.46 71
Growth-Adj P/E €3.43 €4.90 €6.37 67
All 9 models by family
DCF Models
Owner Earnings €2.80 €3.96 €5.36 77
Earnings-Based
Graham-Dodd €1.41 €4.07 €5.36 65
Lynch FV €0.8400 €1.20 €1.56 61
PEG = 1.0 €0.8400 €1.20 €1.56 57
Multiples
P/E Multiple €4.36 €5.82 €7.27 63
P/S Multiple €2.65 €3.53 €4.41 58
EV/EBITDA €5.00 €7.81 €10.63 66
Economic Profit
Residual Income €2.42 €2.38 €2.46 71
Growth Earnings
Growth-Adj P/E €3.43 €4.90 €6.37 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 31
How much profit the company makes from its sales and capital
Quality Growth 44
Are margins and returns getting better?
Cashflow 14
Do the profits arrive as real cash?
Financial strength 19
Debt, balance sheet and risk of trouble
Investment 82
Does it invest with discipline instead of growing at any price?
Low Volatility 71
How calm the share price moves, does not count
Price momentum 40
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 29
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−6.5%
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.
−1.9%
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.
+4.9%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 18 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.
+6.1%
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.
−3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)0.0%
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.−3.7% vs −1.3%, 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.2% → 1%
Pace: the 5-year rate starts in 2020 (pandemic)

ALKEY screens overvalued: fair value 48% below the price. Compare with International Business Machines Corporation →

Compare Keyrus SA with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Information Technology Services · 479 stocks

Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −47.9% · Bottom 25%
Profitability
Return on assets 1.0% · Below median
Net margin (12 months) −2.6% · Bottom 25%
Operating margin (12 months) 2.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) −0.1% · Below median
Balance sheet
Debt / equity 1.02× · Highest 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/B 2.21× · 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.
P/S (12 months) 0.36× · Cheapest 25%
EV/EBITDA 16.4× · Pricier than median
PEG 2.74× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 41
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)0 · sector 36
HEALTH (low debt)49 · sector 98
DIVIDEND (yield)0 · sector 40

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cognizant Technology Solutions Corporation CTSH $64.72 $139.68 +116% vs ALKEY
Wipro Limited WIPRO ₹198.00 ₹287.86 +45% vs ALKEY
Infosys Limited INFY ₹1,181 ₹1,655 +40% vs ALKEY
Accenture plc ACN $260.50 $332.90 +28% vs ALKEY
Tata Consultancy Services Limited TCS ₹2,499 ₹2,993 +20% vs ALKEY
HCL Technologies Limited HCLTECH ₹1,440 ₹1,602 +11% vs ALKEY
Amadeus IT Group AMS €60.52 €66.57 +10% vs ALKEY
CDW Corporation CDW $157.00 $165.54 +5% vs ALKEY
Broadridge Financial Solutions, Inc BR $190.40 $161.18 −15% vs ALKEY
International Business Machines Corporation IBM $245.00 $185.39 −24% vs ALKEY

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

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.

Keyrus SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Keyrus SA Fair Value". https://www.fairvalue-calculator.com/stock/ALKEY

Frequently asked questions

Is Keyrus SA (ALKEY) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €3.96 versus a price of €7.62, about 48% lower (overvalued).
What is the fair value of ALKEY?
Our model-based fair value for Keyrus SA is €3.96 (as of Nov 8, 2026), built from audited fundamentals. The current price: €7.62.
What is the quality score of ALKEY?
Keyrus SA has a Quality Score of 41/100. 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 Keyrus SA (ALKEY)?
Our model-based price target is the fair value of €3.96 (as of Nov 8, 2026) from 9 valuation models. Cautious scenario €2.80, optimistic scenario €5.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Keyrus SA stock forecast for 2026?
Our models put fair value at €3.96, about 48% lower versus a price of €7.62 (overvalued). Cautious scenario €2.80, optimistic scenario €5.36. The calculation is refreshed regularly with new filings.
What is the revenue of Keyrus SA (ALKEY)?
Keyrus SA reported trailing-twelve-month revenue of about €332M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Keyrus SA (ALKEY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Keyrus SA it is €3.96 per share (as of Nov 8, 2026), against a price of €7.62. It is the blended result of 9 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Economic Profit, Growth Earnings).
Is Keyrus SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ALKEY trades above its calculated fair value: price €7.62, fair value €3.96, a gap of about −48% (overvalued). 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 ALKEY?
No. The price is what the market pays today (€7.62); the fair value is what the company's own numbers justify (€3.96). For Keyrus SA the two are €3.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Keyrus SA worth?
The market values Keyrus SA at about €121M (market capitalisation, as of Nov 8, 2026). Per share that is €7.62; our models calculate a fair value of €3.96 per share.
What do the bullish and bearish scenarios say about ALKEY?
Our models span a range for Keyrus SA: cautious scenario €2.80, base €3.96, optimistic €5.36 per share (as of Nov 8, 2026, price €7.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of ALKEY?
The PEG ratio of Keyrus SA is 2.74 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Keyrus SA (ALKEY)?
Balance-sheet figures for Keyrus SA (as of Nov 8, 2026): return on equity −11.8%, debt of 1.02 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is ALKEY from its 52-week high?
Keyrus SA trades at €7.62, about 17% below its 52-week high of €9.14 and 11% above the low of €6.84 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €3.96 is for.
Which stocks are comparable to Keyrus SA?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Keyrus SA stock attractive at the current price?
The data as of Nov 8, 2026: price €7.62, calculated fair value €3.96 (−48%), Quality Score 41/100, from 9 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 ALKEY calculated?
We run Keyrus SA through 9 models from 5 families: DCF Models, Earnings-Based, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €3.96 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. Keyrus SA itself currently trades above fair value. 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 Keyrus SA (ALKEY)?
The closing price on Nov 9, 2026 was €7.62. Our model-based fair value is €3.96, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Keyrus SA right now?
The price sits above even our optimistic bull case (€5.36). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 (€2.80 to €5.36) leaves room in how you read the outcome.
Where does the earnings growth of Keyrus SA (ALKEY) come from?
Earnings per share at Keyrus SA grew −4.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.4 %, EBIT margin −3.4 %, tax rate −4.3 %, residual (interest, one-offs) −3.1 %. 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 Keyrus SA

How large is the market capitalisation of Keyrus SA (ALKEY)?
The market capitalisation of Keyrus SA is €121M. 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 Keyrus SA (ALKEY)?
The price-to-sales ratio of Keyrus SA is 0.37 (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 Keyrus SA (ALKEY)?
Earnings per share at Keyrus SA are €−0.5200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Keyrus SA (ALKEY)?
The net margin of Keyrus SA is −2.6% (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 Keyrus SA (ALKEY)?
The return on equity (ROE) of Keyrus SA is −11.8% (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 Keyrus SA (ALKEY)?
On an EBIT basis the return on assets of Keyrus SA is 2.5% (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 Keyrus SA (ALKEY)?
The operating margin of Keyrus SA is 2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Keyrus SA (ALKEY)?
Revenue at Keyrus SA is growing −0.1% versus a year earlier (3y avg −1.9%). 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 Keyrus SA (ALKEY)?
Earnings per share at Keyrus SA are growing +428% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Keyrus SA (ALKEY) generate?
The free cash flow of Keyrus SA is −€3.0M (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 Keyrus SA (ALKEY) carry?
The net debt of Keyrus SA is €54.9M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Keyrus SA in the live analysis

One click puts Keyrus SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.