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FNP Technologies SA (MLFNP) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of FNP Technologies SA stock €0.06, price €0.07, that is 20.0% below the price, quality 36 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology FR · ISIN FR0013230067

FT FNP Technologies SA logo Thin data Nov 10, 2026

FNP Technologies SA

MLFNP · PA
Expensive, weak quality

Our calculation puts a fair price 20% below what the stock costs today.

Mixed Growth (revenue 5y +5.8 %/yr in EUR)
Thin margins · 1.5% net margin (TTM)
Fair value €0.0560 · Overvalued
Quality 36/100
Trails peers (1/9)
Narrow moat 14/100 · thin data
Thin data
Estimate⚠ 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

€0.9400 €0.0600 Fair Value €0.0560 Feb 2019 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range €0.0600 – €0.9400 · fair‑value band €0.0480 – €0.0640 · the €0.0700 price screens above the €0.0560 fair value. As of Nov 10, 2026.

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Company profile

FNP Technologies SA provides software development, computer networks, and training and assistance services to the hotel industry.

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It offers FlipNpik, a collaborative social network to promote local businesses; and MAST, a software for reservation and billing management, multi-channel distribution, and decision support. The company was formerly known as Multimicrocloud SA and changed its name to FNP Technologies SA in July 2021.

FNP Technologies SA was founded in 1986 and is based in Valbonne, France.

Stock analysis

FNP Technologies SA (MLFNP) currently trades at €0.0700, while our estimate is €0.0560, 20% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: €0.0480 (bear) to €0.0640 (bull), the price of €0.0700 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 36/100 (below-average quality), in the Technology sector.

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

FNP Technologies SA reported revenue of €47.1K in FY2022 versus €23.4K in FY2018, a compound +19.0%/yr. Reported net income was −€4.1M in FY2022.

Key figures

Market cap €3.2M Micro · P/S ratio 10.6 · Net margin 1.5% · Return on equity 0.1% · Return on assets (EBIT) −26.1% (5-year average) · Operating margin −0.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 7% fair-value upside, at −20%, MLFNP screens richer than that median.

Fair Value

Bear €0.0480 Fair Value €0.0560 Bull €0.0640
Price €0.0700 · Downside -20.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 36/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 30
Are margins and returns getting better?
Financial strength 48
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 43
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 80
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
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−26.1%
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.
+108.8%
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.
+5.8%
Profit margin (trend) ⓘ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.
100.0% (2017) → −9,019.9% (2022)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed

MLFNP screens overvalued: fair value 20% below the price. Compare with SAP SE →

Compare FNP Technologies SA with another stock

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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.Software - Application · 723 stocks

Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −20.0% · Below median
Profitability
Return on equity (12 months) 0.1% · Below median
Return on assets −124.5% · Bottom 25%
Net margin (12 months) 1.5% · Below median
Operating margin (12 months) −0.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B 1.16× · Cheapest 25%
P/S (12 months) 12.39× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)7 · sector 25
FUTURE (revenue growth)0 · sector 40
PAST (return on equity)0 · sector 9
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 29

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $237.60 $463.72 +95% vs MLFNP
Salesforce, Inc CRM $218.01 $342.73 +57% vs MLFNP
Uber Technologies, Inc UBER $70.68 $101.28 +43% vs MLFNP
Intuit Inc INTU $342.64 $459.14 +34% vs MLFNP
ServiceNow, Inc NOW $102.76 $109.57 +7% vs MLFNP
SAP SE SAP €210.95 €173.59 −18% vs MLFNP
Cadence Design Systems, Inc CDNS $329.26 $225.48 −32% vs MLFNP
Automatic Data Processing, Inc ADP $306.36 $192.37 −37% vs MLFNP
Shopify Inc SHOP $149.26 $64.96 −56% vs MLFNP
Snowflake Inc SNOW $301.22 $73.81 −76% vs MLFNP

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FNP Technologies SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "FNP Technologies SA Fair Value". https://www.fairvalue-calculator.com/stock/MLFNP

Frequently asked questions

Is FNP Technologies SA (MLFNP) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €0.0560 versus a price of €0.0700, about 20% lower (overvalued).
What is the fair value of MLFNP?
Our estimate for FNP Technologies SA is €0.0560 (as of Nov 10, 2026), built from audited fundamentals. The current price: €0.0700.
What is the quality score of MLFNP?
FNP Technologies SA has a Quality Score of 36/100. 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 FNP Technologies SA (MLFNP)?
Our calculated price target is the estimate of €0.0560 (as of Nov 10, 2026). Cautious scenario €0.0480, optimistic scenario €0.0640. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the FNP Technologies SA stock forecast for 2026?
Our estimate puts fair value at €0.0560, about 20% lower versus a price of €0.0700 (overvalued). Cautious scenario €0.0480, optimistic scenario €0.0640. The calculation is refreshed regularly with new filings.
What is the intrinsic value of FNP Technologies SA (MLFNP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FNP Technologies SA it is €0.0560 per share (as of Nov 10, 2026), against a price of €0.0700.
Is FNP Technologies SA stock overvalued or undervalued in 2026?
As of Nov 10, 2026, MLFNP trades above its calculated fair value: price €0.0700, fair value €0.0560, a gap of about −20% (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 MLFNP?
No. The price is what the market pays today (€0.0700); the fair value is what the company's own numbers justify (€0.0560). For FNP Technologies SA the two are €0.0140 per share apart. That gap is exactly why we show both numbers side by side.
How much is FNP Technologies SA worth?
The market values FNP Technologies SA at about €3.2M (market capitalisation, as of Nov 10, 2026). Per share that is €0.0700; our models calculate a fair value of €0.0560 per share.
What do the bullish and bearish scenarios say about MLFNP?
Our models span a range for FNP Technologies SA: cautious scenario €0.0480, base €0.0560, optimistic €0.0640 per share (as of Nov 10, 2026, price €0.0700). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of FNP Technologies SA (MLFNP)?
Balance-sheet figures for FNP Technologies SA (as of Nov 10, 2026): return on equity 0.1%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is MLFNP from its 52-week high?
FNP Technologies SA trades at €0.0700, about 59% below its 52-week high of €0.1700 and 17% above the low of €0.0600 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0560 is for.
Which stocks are comparable to FNP Technologies 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 FNP Technologies SA stock attractive at the current price?
The data as of Nov 10, 2026: price €0.0700, calculated fair value €0.0560 (−20%), Quality Score 36/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. FNP Technologies 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 FNP Technologies SA (MLFNP)?
The closing price on Nov 11, 2026 was €0.0700. Our estimate is €0.0560, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FNP Technologies SA right now?
The price sits above even our optimistic bull case (€0.0640). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of FNP Technologies SA

How large is the market capitalisation of FNP Technologies SA (MLFNP)?
The market capitalisation of FNP Technologies SA is €3.2M. 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 FNP Technologies SA (MLFNP)?
The price-to-sales ratio of FNP Technologies SA is 10.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of FNP Technologies SA (MLFNP)?
The net margin of FNP Technologies SA is 1.5% (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 FNP Technologies SA (MLFNP)?
The return on equity (ROE) of FNP Technologies SA is 0.1% (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 FNP Technologies SA (MLFNP)?
On an EBIT basis the return on assets of FNP Technologies SA is −26.1% (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 FNP Technologies SA (MLFNP)?
The operating margin of FNP Technologies SA is −0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
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