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Cheops Technology France SA (MLCHE) fair value: what the stock is really worth

As of Nov 4, 2026: fair value (intrinsic value) of Cheops Technology France SA stock €71.10, price €57.00, upside +24.7%, quality 60 out of 100. Rating: undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Technology FR · ISIN FR0010447086

CT Cheops Technology France SA logo Thin data Nov 8, 2026

Cheops Technology France SA

MLCHE · PA
Undervalued, but sideways

The stock costs 20% less than our calculation considers fair.

Fair value €71.10 · Undervalued
Quality 60/100
Low debt
Mixed Growth (revenue 5y +8.0 %/yr in EUR)
Thin margins · 4.6% net margin (TTM)
Mixed vs. peers (7/12)
Moderate moat 53/100 · thin data
Thin data
⚠ Thinly traded
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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

€77.71 €35.66 Fair Value €71.10 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 €35.66 – €77.71 · fair‑value band €49.77 – €92.43 · the €57.00 price screens below the €71.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Cheops Technology France provides cloud computing services. The company offers data management, digital workspace, IT transformation, and consulting solutions. It also provides networking, unified communications, and security services, as well as offers hyper com, a tool for business communication.

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In addition, the company provides hyper wifi, a wireless network infrastructure; and Hyper Tom to provide users with a single and unified communications tool for everyday use. Further, it provides systems migration, cloud and other modern applications, and research, and development tools.

Additionally, the company offers cloud and managed services, which includes healthcare data hosting and manages services, as well as provides hyper x range, a service appliance; and iCod, a managed cloud for sensitive applications.

Cheops Technology France was incorporated in 1998 and is headquartered in Bordeaux, France.

Stock analysis

Cheops Technology France SA (MLCHE) currently trades at €57.00, while our model-based Fair Value estimate is €71.10, implying the stock looks roughly 20% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €81.64 per share, and 7 of the 14 models we run sit above the €57.00 price.

Bear case: the Economic Profit group reads lowest at €30.11, and 7 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: €49.77 (bear) to €92.43 (bull), the price of €57.00 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 60/100 (solid quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Cheops Technology France SA reported revenue of €164M in FY2025 versus €119M in FY2021, a compound +8.5%/yr. Reported net income was €7.6M in FY2025, compounding +7.2%/yr from FY2021.

Key figures

Market cap €131M Micro · P/E ratio 17.3 · P/S ratio 0.80 · EPS (TTM) €3.29 · Net margin 4.6% · Return on equity 23.7% · Return on assets (EBIT) 11.9% (5-year average) · Operating margin 5.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).

What moves the price

The share trades about 8% below its 52-week high and 12% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 25%, MLCHE screens cheaper than that median.

Fair Value models

Bear €49.77 Fair Value €71.10 Bull €92.43
Price €57.00 · Upside +24.7%
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 12 months old). Earnings retained since then (€3.29 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.
Best data coverage
EPV €27.53 €31.02 €33.89 74
ROIC Compounder €30.06 €37.33 €45.77 72
Residual Income €17.31 €22.89 €36.83 69
All 14 models by family
Earnings-Based
Graham-Dodd €22.37 €98.31 €134.54 64
Lynch FV €25.40 €36.29 €47.17 61
PEG = 1.0 €25.40 €36.29 €47.17 57
EPV €27.53 €31.02 €33.89 74
Multiples
P/E Multiple €69.09 €92.12 €115.15 63
P/S Multiple €41.95 €55.93 €69.91 58
P/B Multiple €53.37 €71.15 €88.94 55
EV/EBIT €85.82 €114.46 €143.11 66
EV/EBITDA €72.28 €96.41 €120.54 67
EV/Revenue €43.33 €61.95 €80.57 53
Asset-Based
NCAV (Graham) €4.51 €6.83 €8.54 54
Economic Profit
Residual Income €17.31 €22.89 €36.83 69
ROIC Compounder €30.06 €37.33 €45.77 72
Growth Earnings
Growth-Adj P/E €49.77 €71.10 €92.43 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 60/100

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

Profitability 61
How much profit the company makes from its sales and capital
Quality Growth 35
Are margins and returns getting better?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 49
Does it invest with discipline instead of growing at any price?
Low Volatility 88
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 40
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. 47/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.3%
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.
+8.5%
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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 21 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.
+19.6%
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.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.9%
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.9.9% vs 10.2%, 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.6% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)

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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.Information Technology Services · 479 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 60 · Above median
Fair Value upside +24.7% · Above median
Profitability
Return on equity (12 months) 23.7% · Top 25%
Return on assets 7.5% · Above median
Net margin (12 months) 4.6% · Above median
Operating margin (12 months) 5.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.27× · Highest 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (12 months) 17.3× · Cheaper than median
P/B 3.67× · Pricier than median
P/S (12 months) 0.80× · Cheaper than median
EV/EBITDA 12.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)66 · sector 41
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)95 · sector 36
HEALTH (low debt)87 · sector 98
DIVIDEND (yield)0 · sector 40

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

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Cheops Technology France SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Cheops Technology France SA Fair Value". https://www.fairvalue-calculator.com/stock/MLCHE

Frequently asked questions

Is Cheops Technology France SA (MLCHE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €71.10 versus a price of €57.00, about +25% upside (undervalued).
What is the fair value of MLCHE?
Our model-based fair value for Cheops Technology France SA is €71.10 (as of Nov 8, 2026), built from audited fundamentals. The current price: €57.00.
What is the quality score of MLCHE?
Cheops Technology France SA has a Quality Score of 60/100. 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 Cheops Technology France SA (MLCHE)?
Our model-based price target is the fair value of €71.10 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario €49.77, optimistic scenario €92.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Cheops Technology France SA stock forecast for 2026?
Our models put fair value at €71.10, about +25% upside versus a price of €57.00 (undervalued). Cautious scenario €49.77, optimistic scenario €92.43. The calculation is refreshed regularly with new filings.
What is the revenue of Cheops Technology France SA (MLCHE)?
Cheops Technology France SA reported trailing-twelve-month revenue of about €164M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Cheops Technology France SA (MLCHE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cheops Technology France SA it is €71.10 per share (as of Nov 8, 2026), against a price of €57.00. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Cheops Technology France SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, MLCHE trades below its calculated fair value: price €57.00, fair value €71.10, a gap of about +25% (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 MLCHE?
No. The price is what the market pays today (€57.00); the fair value is what the company's own numbers justify (€71.10). For Cheops Technology France SA the two are €14.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cheops Technology France SA worth?
The market values Cheops Technology France SA at about €131M (market capitalisation, as of Nov 8, 2026). Per share that is €57.00; our models calculate a fair value of €71.10 per share.
What do the bullish and bearish scenarios say about MLCHE?
Our models span a range for Cheops Technology France SA: cautious scenario €49.77, base €71.10, optimistic €92.43 per share (as of Nov 8, 2026, price €57.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MLCHE?
Cheops Technology France SA trades at a price-to-earnings ratio of 17.3 (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 €71.10 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 19.7. Other multiples: P/B 3.7, P/S 0.8, EV/EBITDA 12.1.
How solid is the balance sheet of Cheops Technology France SA (MLCHE)?
Balance-sheet figures for Cheops Technology France SA (as of Nov 8, 2026): return on equity 23.7%, debt of 0.27 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is MLCHE from its 52-week high?
Cheops Technology France SA trades at €57.00, about 8% below its 52-week high of €62.00 and 12% above the low of €51.00 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of €71.10 is for.
Which stocks are comparable to Cheops Technology France 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 Cheops Technology France SA stock attractive at the current price?
The data as of Nov 8, 2026: price €57.00, calculated fair value €71.10 (+25%), Quality Score 60/100, from 14 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 MLCHE calculated?
We run Cheops Technology France SA through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €71.10 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. Cheops Technology France SA currently trades 20% 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 Cheops Technology France SA (MLCHE)?
The closing price on Nov 4, 2026 was €57.00. Our model-based fair value is €71.10, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cheops Technology France SA right now?
Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€49.77 to €92.43) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Cheops Technology France SA

How large is the market capitalisation of Cheops Technology France SA (MLCHE)?
The market capitalisation of Cheops Technology France SA is €131M. 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 Cheops Technology France SA (MLCHE)?
The price-to-sales ratio of Cheops Technology France SA is 0.80 (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 Cheops Technology France SA (MLCHE)?
Earnings per share at Cheops Technology France SA are €3.29 (price ÷ EPS = P/E 17.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cheops Technology France SA (MLCHE)?
The net margin of Cheops Technology France SA is 4.6% (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 Cheops Technology France SA (MLCHE)?
The return on equity (ROE) of Cheops Technology France SA is 23.7% (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 Cheops Technology France SA (MLCHE)?
On an EBIT basis the return on assets of Cheops Technology France SA is 11.9% (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 Cheops Technology France SA (MLCHE)?
The operating margin of Cheops Technology France SA is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does Cheops Technology France SA (MLCHE) carry?
The net debt of Cheops Technology France SA is €277K (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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