Antin IP SA (ANTIN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Antin IP SA stock €12.15, price €7.58, upside +60.3%, quality 86 out of 100. Rating: strongly 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 8, 2026.
How to read this chart
60‑month range €6.90 – €26.97 · fair‑value band €6.06 – €17.36 · the €7.58 price screens below the €12.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Antin Infrastructure Partners S.A. is a private equity firm specializing in infrastructure investments.
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The firm does not invest in projects which involve technological or commercial risk associated with developing a clientele in a competitive market or invest alongside partners which could represent counterparty risk.
It seeks to invest in main infrastructure sectors including transportation, energy, digital, social infrastructure, environment, and telecommunication.
The firm focuses on toll roads, tunnels, highways, tramways, bridges; airports; ports; urban rail, bus lines; car parks in transport; Motorway Service Areas (MSAs); gas storage; LNG terminals; transmission (pipelines, high-voltage electricity transmission); distribution; buildings and public works, generation (non-merchant); water infrastructure (pipelines & sewage units); waste management in energy and environment; and GSM towers; ADSL networks; broadcast networks; cable networks; and satellites in Telecommunication.
It typically to invests in non-listed companies based in continental Europe including United Kingdom and North America.
It seeks to invest between "600 million ($643.62 million) to "1000 million ($1072.70 million) in flagship, between "50 million ($53.63 million) to "300 million ($321.81 million) in mid cap, between "20 million ($21.45 million) to "200 million ($214.54 million) in nextgen.
The firm may take minority or majority stake allowing representation to the board of directors. It essentially invests in equity and may invest alone or co-invest through a consortium.
Antin Infrastructure Partners S.A. was founded in 2007 and is based in Paris, France with additional offices in London, United Kingdom, Luxembourg, Luxembourg, Singapore, Singapore, Seoul, South Korea and New York, New York.
Stock analysis
Antin IP SA (ANTIN) currently trades at €7.58, while our model-based Fair Value estimate is €12.15, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of €14.79 per share, and 10 of the 13 models we run sit above the €7.58 price.
Bear case: the Asset-Based group reads lowest at €1.37, and 3 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: €6.06 (bear) to €17.36 (bull), the price of €7.58 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 86/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Antin IP SA reported revenue of €292M in FY2025 versus €181M in FY2021, a compound +12.8%/yr. Reported net income was €111M in FY2025, compounding +36.1%/yr from FY2021.
Key figures
Market cap €1.4B Small · P/E ratio 13.3 · P/S ratio 4.79 · EPS (TTM) €0.5700 · Dividend yield 8.3% · Net margin 35.9% · Return on equity 21.5% · Return on assets (EBIT) 15.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 60%, ANTIN screens cheaper than that median.
Fair Value models
Bear€6.06Fair Value €12.15Bull€17.36
Price €7.58 · Upside +60.3%
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.
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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.2%
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.
+10.9%
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.
+10.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+21.0%
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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.
+25.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.1%
Dividend (yield on the price)8.3%
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.69% → 49%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−2.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −4.4% a year for the price and +1.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (81 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
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.Asset Management · 588 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score86 · Top 25%
Fair Value upside+60.3% · Above median
Profitability
Return on equity (12 months)21.5% · Top 25%
Return on assets18.5% · Top 25%
Net margin (12 months)35.9% · Above median
Operating margin (12 months)44.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)−6.5% · Below median
Dividend yield (12 months)8.3% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)13.3× · Pricier than median
P/B2.84× · Priciest 25%
P/S (12 months)4.79× · Pricier than median
Price / free cash flow (fiscal year)11.0× · Cheaper than median
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). "Antin IP SA Fair Value". https://www.fairvalue-calculator.com/stock/ANTIN
Frequently asked questions
Is Antin IP SA (ANTIN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €12.15 versus a price of €7.58, about +60% upside (undervalued).
What is the fair value of ANTIN?
Our model-based fair value for Antin IP SA is €12.15 (as of Nov 8, 2026), built from audited fundamentals. The current price: €7.58.
What is the quality score of ANTIN?
Antin IP SA has a Quality Score of 86/100. 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 Antin IP SA (ANTIN)?
Our model-based price target is the fair value of €12.15 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario €6.06, optimistic scenario €17.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Antin IP SA stock forecast for 2026?
Our models put fair value at €12.15, about +60% upside versus a price of €7.58 (undervalued). Cautious scenario €6.06, optimistic scenario €17.36. The calculation is refreshed regularly with new filings.
What is the revenue of Antin IP SA (ANTIN)?
Antin IP SA reported trailing-twelve-month revenue of about €283M (latest available figure, as of Nov 8, 2026).
Does Antin IP SA pay a dividend?
Antin IP SA currently shows a dividend yield of 8.31% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Antin IP SA (ANTIN) and when is the ex-dividend date?
Antin IP SA pays a dividend of €0.63 per share a year, a dividend yield of 8.3%. The last ex-dividend date was Oct 20, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 111% of earnings. Free cash flow covers the dividend 1.09 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into Antin IP SA (ANTIN)?
For today's price to be fair in a discounted-cash-flow model, Antin IP SA would have to grow free cash flow by -2.3 % per year for five years (discount rate 12.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ANTIN use?
Our models discount Antin IP SA at 12.2 %: a base by market capitalisation (small), damped by beta 1.13, 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 Antin IP SA that is -2.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.2 %) and the same formula as our fair value.
How much growth has Antin IP SA (ANTIN) delivered so far?
Over the past 5 years revenue at Antin IP SA grew +10.2 % a year. The price currently implies free-cash-flow growth of -2.3 % 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 Antin IP SA (ANTIN) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Antin IP SA (-2.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Antin IP SA (ANTIN)?
The free-cash-flow yield on the price is 9.06 %: that much free cash flow Antin IP SA produces per unit of market value. When it exceeds the discount rate of our models (12.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Antin IP SA (ANTIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Antin IP SA it is €12.15 per share (as of Nov 8, 2026), against a price of €7.58. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Antin IP SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ANTIN trades below its calculated fair value: price €7.58, fair value €12.15, a gap of about +60% (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 ANTIN?
No. The price is what the market pays today (€7.58); the fair value is what the company's own numbers justify (€12.15). For Antin IP SA the two are €4.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Antin IP SA worth?
The market values Antin IP SA at about €1.4B (market capitalisation, as of Nov 8, 2026). Per share that is €7.58; our models calculate a fair value of €12.15 per share.
What do the bullish and bearish scenarios say about ANTIN?
Our models span a range for Antin IP SA: cautious scenario €6.06, base €12.15, optimistic €17.36 per share (as of Nov 8, 2026, price €7.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANTIN?
Antin IP SA trades at a price-to-earnings ratio of 13.3 (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 €12.15 is built from several models across several years. Other multiples: P/B 2.8, P/S 4.8, EV/EBITDA 7.2.
How solid is the balance sheet of Antin IP SA (ANTIN)?
Balance-sheet figures for Antin IP SA (as of Nov 8, 2026): return on equity 21.5%. They feed the Quality Score of 86/100, which measures business quality independently of the share price.
How far is ANTIN from its 52-week high?
Antin IP SA trades at €7.58, about 28% below its 52-week high of €10.60 and 10% above the low of €6.90 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €12.15 is for.
Which stocks are comparable to Antin IP SA?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 Antin IP SA stock attractive at the current price?
The data as of Nov 8, 2026: price €7.58, calculated fair value €12.15 (+60%), Quality Score 86/100, 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 ANTIN calculated?
We run Antin IP SA through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of €12.15 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 13.0% above its aggregate fair value. Antin IP SA currently trades 38% 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 Antin IP SA (ANTIN)?
The closing price on Nov 6, 2026 was €7.58. Our model-based fair value is €12.15, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Antin IP SA right now?
The rarer combination: high quality (86/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (€6.06 to €17.36). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Antin IP SA
How large is the market capitalisation of Antin IP SA (ANTIN)?
The market capitalisation of Antin IP SA is €1.4B. 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 Antin IP SA (ANTIN)?
The price-to-sales ratio of Antin IP SA is 4.79 (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 Antin IP SA (ANTIN)?
Earnings per share at Antin IP SA are €0.5700 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Antin IP SA (ANTIN)?
The dividend yield of Antin IP SA is 8.3% (payout 111%). 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 Antin IP SA (ANTIN)?
The net margin of Antin IP SA is 35.9% (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 Antin IP SA (ANTIN)?
The return on equity (ROE) of Antin IP SA is 21.5% (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 Antin IP SA (ANTIN)?
On an EBIT basis the return on assets of Antin IP SA is 15.5% (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 Antin IP SA (ANTIN)?
The operating margin of Antin IP SA is 44.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Antin IP SA (ANTIN)?
Revenue at Antin IP SA is growing −6.5% versus a year earlier (3y avg +10.9%). 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 Antin IP SA (ANTIN)?
Earnings per share at Antin IP SA are growing −10.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Antin IP SA (ANTIN) hold?
Antin IP SA holds more cash than debt, €301M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026