Vaziva Sa (ALVAZ) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Vaziva Sa stock €6.90, price €23.80, that is 71.0% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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
51‑month range €18.00 – €50.50 · fair‑value band €6.35 – €8.02 · the €23.80 price screens above the €6.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Vaziva issues vacation, gift, and lunch vouchers on a managed Mastercard payment card for social and economic committees, human resources, companies and local authorities. The company was incorporated in 2016 and is based in Paris, France.
Stock analysis
Vaziva Sa (ALVAZ) currently trades at €23.80, while our model-based Fair Value estimate is €6.90, 71% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of €33.81 per share, and 2 of the 6 models we run sit above the €23.80 price.
Bear case: the Asset-Based group reads lowest at €1.97, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €6.35 (bear) to €8.02 (bull), the price of €23.80 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 65/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Vaziva Sa reported revenue of €64.7M in FY2025 versus €6.0M in FY2021, a compound +81.0%/yr. Reported net income was €2.2M in FY2025, compounding +141.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €66.4M Micro · P/E ratio 29.0 · P/S ratio 1.01 · EPS (TTM) €0.8200 · Net margin 2.5% · Return on equity 14.8% · Return on assets (EBIT) 3.0% (5-year average) · Operating margin 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −1% fair-value upside, at −71%, ALVAZ screens richer than that median.
Fair Value models
Bear€6.35Fair Value €6.90Bull€8.02
Price €23.80 · Downside -71.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.7032 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+60.0%
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.
+65.4%
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.
+72.6%
Start year 2020 (pandemic)
Revenue growth 6 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.
+80.8%
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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.
≈ +63.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+63.3%
Dividend (yield on the price)0.0%
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.6% → 3%
⚠ Approximate: the rate leans on 2025, which sits 536% 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.Credit Services · 283 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−71.0% · Bottom 25%
Profitability
Return on equity (12 months)14.8% · Above median
Return on assets7.0% · Top 25%
Net margin (12 months)2.5% · Bottom 25%
Operating margin (12 months)4.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)2.5% · Below median
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (12 months)29.0× · Priciest 25%
P/B3.19× · Priciest 25%
P/S (12 months)1.01× · Cheapest 25%
EV/EBITDA23.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 59
FUTURE (revenue growth)13· sector 57
PAST (return on equity)59· sector 39
HEALTH (low debt)99· sector 54
DIVIDEND (yield)0· sector 64
VALUE 0: the price sits above our fair-value range.
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). "Vaziva Sa Fair Value". https://www.fairvalue-calculator.com/stock/ALVAZ
Frequently asked questions
Is Vaziva Sa (ALVAZ) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €6.90 versus a price of €23.80, about 71% lower (overvalued).
What is the fair value of ALVAZ?
Our model-based fair value for Vaziva Sa is €6.90 (as of Nov 9, 2026), built from audited fundamentals. The current price: €23.80.
What is the quality score of ALVAZ?
Vaziva Sa has a Quality Score of 65/100. 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 Vaziva Sa (ALVAZ)?
Our model-based price target is the fair value of €6.90 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario €6.35, optimistic scenario €8.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Vaziva Sa stock forecast for 2026?
Our models put fair value at €6.90, about 71% lower versus a price of €23.80 (overvalued). Cautious scenario €6.35, optimistic scenario €8.02. The calculation is refreshed regularly with new filings.
What is the revenue of Vaziva Sa (ALVAZ)?
Vaziva Sa reported trailing-twelve-month revenue of about €65.6M (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Vaziva Sa (ALVAZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vaziva Sa it is €6.90 per share (as of Nov 9, 2026), against a price of €23.80. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Vaziva Sa stock overvalued or undervalued in 2026?
As of Nov 9, 2026, ALVAZ trades above its calculated fair value: price €23.80, fair value €6.90, a gap of about −71% (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 ALVAZ?
No. The price is what the market pays today (€23.80); the fair value is what the company's own numbers justify (€6.90). For Vaziva Sa the two are €16.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vaziva Sa worth?
The market values Vaziva Sa at about €66.4M (market capitalisation, as of Nov 9, 2026). Per share that is €23.80; our models calculate a fair value of €6.90 per share.
What do the bullish and bearish scenarios say about ALVAZ?
Our models span a range for Vaziva Sa: cautious scenario €6.35, base €6.90, optimistic €8.02 per share (as of Nov 9, 2026, price €23.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALVAZ?
Vaziva Sa trades at a price-to-earnings ratio of 29.0 (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 €6.90 is built from several models across several years. Other multiples: P/B 3.2, P/S 1.0, EV/EBITDA 23.4.
How solid is the balance sheet of Vaziva Sa (ALVAZ)?
Balance-sheet figures for Vaziva Sa (as of Nov 9, 2026): return on equity 14.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is ALVAZ from its 52-week high?
Vaziva Sa trades at €23.80, about 45% below its 52-week high of €43.00 and 7% above the low of €22.20 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €6.90 is for.
Which stocks are comparable to Vaziva Sa?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Vaziva Sa stock attractive at the current price?
The data as of Nov 9, 2026: price €23.80, calculated fair value €6.90 (−71%), Quality Score 65/100, from 6 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 ALVAZ calculated?
We run Vaziva Sa through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €6.90 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. Vaziva 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 Vaziva Sa (ALVAZ)?
The closing price on Nov 9, 2026 was €23.80. Our model-based fair value is €6.90, about 71% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vaziva Sa right now?
The price sits above even our optimistic bull case (€8.02). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Vaziva Sa
How large is the market capitalisation of Vaziva Sa (ALVAZ)?
The market capitalisation of Vaziva Sa is €66.4M. 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 Vaziva Sa (ALVAZ)?
The price-to-sales ratio of Vaziva Sa is 1.01 (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 Vaziva Sa (ALVAZ)?
Earnings per share at Vaziva Sa are €0.8200 (price ÷ EPS = P/E 29.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vaziva Sa (ALVAZ)?
The net margin of Vaziva Sa is 2.5% (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 Vaziva Sa (ALVAZ)?
The return on equity (ROE) of Vaziva Sa is 14.8% (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 Vaziva Sa (ALVAZ)?
On an EBIT basis the return on assets of Vaziva Sa is 3.0% (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 Vaziva Sa (ALVAZ)?
The operating margin of Vaziva Sa is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vaziva Sa (ALVAZ)?
Revenue at Vaziva Sa is growing +2.5% versus a year earlier (3y avg +65.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Vaziva Sa (ALVAZ) generate?
The free cash flow of Vaziva Sa is −€916K (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Vaziva Sa (ALVAZ) hold?
Vaziva Sa holds more cash than debt, €4.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 9, 2026