Coheris SA (COH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Coheris SA stock €11.28, price €7.40, upside +52.4%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 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 €1.71 – €15.25 · fair‑value band €8.01 – €15.00 · the €7.40 price screens below the €11.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
Follow Coheris in your weekly email
Every Wednesday you see whether Coheris 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.
Coheris SA provides customer relationship management (CRM) and analytical solutions in France and internationally. The company offers AI workplace solutions comprising Sinequa.
Show moreShow less
Sinequa For life sciences, Sinequa For legal, Sinequa For private equity, and Sinequa For manufacturing; customer engagement solutions, including Coheris CRM Solution, marketing automation solution, geomarketing solution, sales force CRM solution, merchandising solution, and last mile logistics; and unified commerce solutions, such as order management system solution, web-to-store solution, digital in-store solution, payment solution, clienteling solution, loyalty programs and promotions, store management, and searchandising and emerchandising.
It also provides translation; economic monitoring; risk, fraud and AML/CFT compliance and open source intelligence; and 360 crisis management, safety, and cybersecurity solutions.
In addition, the company investigation, tactical surveillance, forensics, mobile laboratories, criminal analysis solution, sovereign OSINT solutions, multimodal geolocation platform, judicial interception, and criminal surveillance.
Further, it provides ArgonOS, a platform for decisions; Sinequa, a platform that analyzes documents, images, videos, and audio to extract entities, dates, locations, and concepts; and Chaps Agents, a platform for creating, deploying, orchestrating, and governing enterprise AI agents.
It serves defense and security, manufacturing and energy, life sciences, private equity, financial services, retail, and other sectors. The company was incorporated in 1994 is headquartered in Suresnes, France. Coheris SA is a subsidiary of ChapsVision S.A.S.
Stock analysis
Coheris SA (COH) currently trades at €7.40, while our model-based Fair Value estimate is €11.28, implying the stock looks roughly 34% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of €13.27 per share, and 16 of the 24 models we run sit above the €7.40 price.
Bear case: the Asset-Based group reads lowest at €1.49, and 8 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €8.01 (bear) to €15.00 (bull), the price of €7.40 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 65/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Coheris SA reported revenue of €16.3M in FY2025 versus €12.4M in FY2021, a compound +7.1%/yr. Reported net income was €3.1M in FY2025, compounding +32.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap €42.1M Micro · P/E ratio 15.4 · P/S ratio 2.79 · EPS (TTM) €0.4800 · Dividend yield 1.1% · Net margin 17.9% · Return on equity 12.9% · Return on assets (EBIT) 6.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 52%, COH screens cheaper than that median.
Fair Value models
Bear€8.01Fair Value €11.28Bull€15.00
Price €7.40 · Upside +52.4%
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 (€0.3430 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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.1%
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.
+5.6%
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.
+7.4%
Start year 2020 (pandemic). Over 10 years: +1.9% 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.
−2.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+26.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.5%
Dividend (yield on the price)1.1%
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.25.5% vs 13.7%, picking up
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.−18% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−4.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −6.4% a year for the price.
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.Software - Application · 628 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+52.4% · Top 25%
Profitability
Return on equity (12 months)12.9% · Above median
Return on assets7.9% · Above median
Net margin (12 months)17.9% · Top 25%
Operating margin (12 months)23.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.6% · Below median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Software - Application 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). "Coheris SA Fair Value". https://www.fairvalue-calculator.com/stock/COH.PA
Frequently asked questions
Is Coheris SA (COH) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €11.28 versus a price of €7.40, about +52% upside (undervalued).
What is the fair value of COH?
Our model-based fair value for Coheris SA is €11.28 (as of Nov 9, 2026), built from audited fundamentals. The current price: €7.40.
What is the quality score of COH?
Coheris 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 Coheris SA (COH)?
Our model-based price target is the fair value of €11.28 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario €8.01, optimistic scenario €15.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Coheris SA stock forecast for 2026?
Our models put fair value at €11.28, about +52% upside versus a price of €7.40 (undervalued). Cautious scenario €8.01, optimistic scenario €15.00. The calculation is refreshed regularly with new filings.
What is the revenue of Coheris SA (COH)?
Coheris SA reported trailing-twelve-month revenue of about €16.8M (latest available figure, as of Nov 9, 2026).
Does Coheris SA pay a dividend?
Coheris SA currently shows a dividend yield of 1.08% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Coheris SA (COH) and when is the ex-dividend date?
Coheris SA pays a dividend of €0.08 per share a year, a dividend yield of 1.1%. The last ex-dividend date was Jun 19, 2026. The payout ratio is 16.7% of earnings. Free cash flow covers the dividend 9.30 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Coheris SA (COH)?
For today's price to be fair in a discounted-cash-flow model, Coheris SA would have to grow free cash flow by -4.4 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of COH use?
Our models discount Coheris SA at 9.0 %: a base by market capitalisation (nano), damped by beta 0.37, 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 Coheris SA that is -4.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Coheris SA (COH) delivered so far?
Over the past 5 years revenue at Coheris SA grew +7.4 % a year. The price currently implies free-cash-flow growth of -4.4 % 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 Coheris SA (COH) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Coheris SA (-4.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Coheris SA (COH)?
The free-cash-flow yield on the price is 10.05 %: that much free cash flow Coheris SA produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Coheris SA (COH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Coheris SA it is €11.28 per share (as of Nov 9, 2026), against a price of €7.40. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Coheris SA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, COH trades below its calculated fair value: price €7.40, fair value €11.28, a gap of about +52% (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 COH?
No. The price is what the market pays today (€7.40); the fair value is what the company's own numbers justify (€11.28). For Coheris SA the two are €3.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Coheris SA worth?
The market values Coheris SA at about €42.1M (market capitalisation, as of Nov 9, 2026). Per share that is €7.40; our models calculate a fair value of €11.28 per share.
What do the bullish and bearish scenarios say about COH?
Our models span a range for Coheris SA: cautious scenario €8.01, base €11.28, optimistic €15.00 per share (as of Nov 9, 2026, price €7.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of COH?
Coheris SA trades at a price-to-earnings ratio of 15.4 (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 €11.28 is built from several models across several years. Other multiples: P/B 2.0, P/S 2.8, EV/EBITDA 15.1.
How solid is the balance sheet of Coheris SA (COH)?
Balance-sheet figures for Coheris SA (as of Nov 9, 2026): return on equity 12.9%, 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 COH from its 52-week high?
Coheris SA trades at €7.40, about 51% below its 52-week high of €15.25 and at the low of €7.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €11.28 is for.
Which stocks are comparable to Coheris SA?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Coheris SA stock attractive at the current price?
The data as of Nov 9, 2026: price €7.40, calculated fair value €11.28 (+52%), Quality Score 65/100, from 24 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 COH calculated?
We run Coheris SA through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €11.28 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. Coheris SA currently trades 34% 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 Coheris SA (COH)?
The closing price on Nov 6, 2026 was €7.40. Our model-based fair value is €11.28, about +52% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Coheris SA right now?
The price is below even our cautious bear case (€8.01). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€8.01 to €15.00) leaves room in how you read the outcome.
Key figures of Coheris SA
How large is the market capitalisation of Coheris SA (COH)?
The market capitalisation of Coheris SA is €42.1M. 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 Coheris SA (COH)?
The price-to-sales ratio of Coheris SA is 2.79 (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 Coheris SA (COH)?
Earnings per share at Coheris SA are €0.4800 (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Coheris SA (COH)?
The dividend yield of Coheris SA is 1.1% (payout 16.7%). 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 Coheris SA (COH)?
The net margin of Coheris SA is 17.9% (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 Coheris SA (COH)?
The return on equity (ROE) of Coheris SA is 12.9% (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 Coheris SA (COH)?
On an EBIT basis the return on assets of Coheris SA is 6.4% (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 Coheris SA (COH)?
The operating margin of Coheris SA is 23.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Coheris SA (COH)?
Revenue at Coheris SA is growing +6.6% versus a year earlier (3y avg +5.6%). 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 Coheris SA (COH)?
Earnings per share at Coheris SA are growing −2.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Coheris SA (COH) carry?
The net debt of Coheris SA is €3.9M (fiscal year 2025, ≈ 0.9 yrs of FCF). 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 Coheris SA in the live analysis
One click puts Coheris SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 9, 2026