Lagardere SCA (MMB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lagardere SCA stock €31.26, price €18.34, upside +70.4%, quality 58 out of 100. Rating: strongly undervalued. Calculated from audited financials with 23 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 €12.18 – €21.37 · fair‑value band €21.06 – €39.07 · the €18.34 price screens below the €31.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Lagardere SA engages in content publishing, production, and broadcasting of media, entertainment, and the distribution of products and services in France, the United Kingdom, the United States, Canada, Spain, Latin America, and internationally.
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It operates through three segments: Lagardère Publishing, Lagardère Travel Retail, and Lagardère Live.
The Lagardère Publishing segment includes book publishing, covering areas, such as education, general literature, illustrated books, textbooks, extra-curricular works, partworks, dictionaries, children and young adult titles, paperbacks, travel guides, board games, and premium stationery in English, French, and Spanish.
The Lagardère Travel Retail segment is involved in retail activities in transit areas and concessions in travel essentials, duty free and fashion, and food services.
It operates stores under its own international brands, including Relay, Hubiz, 1Minute, Hub Convenience, Discover, Tech2go, Aelia Duty Free, The Fashion Gallery, The Fashion Place, Eye Love, Bread&Co., So! Coffee, Trib's, Vino Volo, FIX, Beercode, Natoo, and Marché, as well as local identity store names such as Bottega dei Sapori, The Belgian Chocolate House, Sawa, Extime Duty Free, and Icons.
It also operates stores under franchises or licenses with retail partners that include Hermès, Victoria's Secret, LEGO, Fnac, iStore, Miniso, Nespresso, Costa Coffee, Burger King, EL&N, Panda Express, Pierre Hermé, Eric Kayser, and Paul.
The Lagardère Live segment comprises Lagardère News under Le Journal du Dimanche, Le JDNews, Le JDMag, and the Elle brand; Lagardère Radio; Lagardère Live Entertainment; and the Lagardère Paris Racing sports club.
The company was formerly known as Lagardère SCA and changed its name to Lagardere SA in June 2021. Lagardere SA was founded in 1826 and is headquartered in Paris, France. Lagardere SA operates as a subsidiary of Louis Hachette Group S.A.
Stock analysis
Lagardere SCA (MMB) currently trades at €18.34, while our model-based Fair Value estimate is €31.26, implying the stock looks roughly 41% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €67.88 per share, and 19 of the 23 models we run sit above the €18.34 price.
Bear case: the Dividend Discount group reads lowest at €6.54, and 4 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: €21.06 (bear) to €39.07 (bull), the price of €18.34 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 58/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lagardere SCA reported revenue of €9.4B in FY2025 versus €5.2B in FY2021, a compound +16.2%/yr. Reported net income was €203M in FY2025.
Key figures
Market cap €2.6B Mid · P/E ratio 12.5 · P/S ratio 0.35 · EPS (TTM) €1.47 · Dividend yield 3.7% · Net margin 2.2% · Return on equity 27.8% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −5% fair-value upside, at 70%, MMB screens cheaper than that median.
Fair Value models
Bear€21.06Fair Value €31.26Bull€39.07
Price €18.34 · Upside +70.4%
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 (€0.6860 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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.7%
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.
+10.5%
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.
+16.0%
Start year 2020 (pandemic). Over 10 years: +2.4% 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.
−1.3%
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What shareholders gained per year (last 3 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 3 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.
+13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.0%
Dividend (yield on the price)3.7%
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.−10% → 7%
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).
−17.9%
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 −19.6% a year for the price.
News mood ⓘNews mood, the average tone of recent news (63 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.Very negative
AI conclusion: The business shows resilience in travel retail alongside publishing growth efforts, yet lacks a durable moat amid high leverage and thin evidence overall.
Main risk: Ongoing macroeconomic and geopolitical pressures limit expansion across the wider group, primarily hitting publishing growth and travel retail operations.
Lagardère combines publishing through Hachette with travel retail operations that have shown resilience in recent results. Hachette Livre just updated its international governance to accelerate global growth. Will these changes unlock more expansion in publishing than ongoing macroeconomic and geopolitical pressures limit across the wider group?
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.Specialty Retail · 203 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Below median
Fair Value upside+70.4% · Top 25%
Profitability
Return on equity (12 months)27.8% · Top 25%
Return on assets2.6% · Below median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)5.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)1.7% · Below median
Dividend yield (12 months)3.7% · Above median
Balance sheet
Debt / equity1.96× · Highest 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
P/E (12 months)12.5× · Cheaper than median
P/B2.95× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Lagardere SCA Fair Value". https://www.fairvalue-calculator.com/stock/MMB
Frequently asked questions
Is Lagardere SCA (MMB) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of €31.26 versus a price of €18.34, about +70% upside (undervalued).
What is the fair value of MMB?
Our model-based fair value for Lagardere SCA is €31.26 (as of Nov 9, 2026), built from audited fundamentals. The current price: €18.34.
What is the quality score of MMB?
Lagardere SCA has a Quality Score of 58/100. 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 Lagardere SCA (MMB)?
Our model-based price target is the fair value of €31.26 (as of Nov 9, 2026) from 23 valuation models. Cautious scenario €21.06, optimistic scenario €39.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Lagardere SCA stock forecast for 2026?
Our models put fair value at €31.26, about +70% upside versus a price of €18.34 (undervalued). Cautious scenario €21.06, optimistic scenario €39.07. The calculation is refreshed regularly with new filings.
What is the revenue of Lagardere SCA (MMB)?
Lagardere SCA reported trailing-twelve-month revenue of about €9.5B (latest available figure, as of Nov 9, 2026).
Does Lagardere SCA pay a dividend?
Lagardere SCA currently shows a dividend yield of 3.65% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Lagardere SCA (MMB) and when is the ex-dividend date?
Lagardere SCA pays a dividend of €0.67 per share a year, a dividend yield of 3.7%. The last ex-dividend date was May 6, 2026. A dividend has been paid every year since 2022. The payout ratio is 45.6% of earnings. Free cash flow covers the dividend 10.24 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 Lagardere SCA (MMB)?
For today's price to be fair in a discounted-cash-flow model, Lagardere SCA would have to grow free cash flow by -17.9 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of MMB use?
Our models discount Lagardere SCA at 9.8 %: a base by market capitalisation (mid), damped by beta 0.82, 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 Lagardere SCA that is -17.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Lagardere SCA (MMB) delivered so far?
Over the past 5 years revenue at Lagardere SCA grew +16.0 % a year. The price currently implies free-cash-flow growth of -17.9 % 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 Lagardere SCA (MMB) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Lagardere SCA (-17.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lagardere SCA (MMB)?
The free-cash-flow yield on the price is 37.46 %: that much free cash flow Lagardere SCA produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lagardere SCA (MMB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lagardere SCA it is €31.26 per share (as of Nov 9, 2026), against a price of €18.34. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Lagardere SCA stock overvalued or undervalued in 2026?
As of Nov 9, 2026, MMB trades below its calculated fair value: price €18.34, fair value €31.26, a gap of about +70% (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 MMB?
No. The price is what the market pays today (€18.34); the fair value is what the company's own numbers justify (€31.26). For Lagardere SCA the two are €12.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lagardere SCA worth?
The market values Lagardere SCA at about €2.6B (market capitalisation, as of Nov 9, 2026). Per share that is €18.34; our models calculate a fair value of €31.26 per share.
What do the bullish and bearish scenarios say about MMB?
Our models span a range for Lagardere SCA: cautious scenario €21.06, base €31.26, optimistic €39.07 per share (as of Nov 9, 2026, price €18.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MMB?
Lagardere SCA trades at a price-to-earnings ratio of 12.5 (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 €31.26 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 17.6. Other multiples: PEG 2.5, P/B 3.0, P/S 0.3, EV/EBITDA 4.9.
What is the PEG ratio of MMB?
The PEG ratio of Lagardere SCA is 2.55 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Lagardere SCA (MMB)?
Balance-sheet figures for Lagardere SCA (as of Nov 9, 2026): return on equity 27.8%, debt of 1.96 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is MMB from its 52-week high?
Lagardere SCA trades at €18.34, about 10% below its 52-week high of €20.35 and 10% above the low of €16.67 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €31.26 is for.
Which stocks are comparable to Lagardere SCA?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 Lagardere SCA stock attractive at the current price?
The data as of Nov 9, 2026: price €18.34, calculated fair value €31.26 (+70%), Quality Score 58/100, from 23 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 MMB calculated?
We run Lagardere SCA through 23 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €31.26 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. Lagardere SCA currently trades 41% 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 Lagardere SCA (MMB)?
The closing price on Nov 6, 2026 was €18.34. Our model-based fair value is €31.26, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lagardere SCA right now?
The price is below even our cautious bear case (€21.06). The market is more pessimistic than our downside scenario. Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€21.06 to €39.07) leaves room in how you read the outcome.
Where does the earnings growth of Lagardere SCA (MMB) come from?
Earnings per share at Lagardere SCA grew +5.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.8 %, EBIT margin +9.1 %, tax rate +0.4 %, residual (interest, one-offs) −4.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lagardere SCA
How large is the market capitalisation of Lagardere SCA (MMB)?
The market capitalisation of Lagardere SCA is €2.6B. 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 Lagardere SCA (MMB)?
The price-to-sales ratio of Lagardere SCA is 0.35 (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 Lagardere SCA (MMB)?
Earnings per share at Lagardere SCA are €1.47 (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lagardere SCA (MMB)?
The dividend yield of Lagardere SCA is 3.7% (payout 45.6%). 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 Lagardere SCA (MMB)?
The net margin of Lagardere SCA is 2.2% (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 Lagardere SCA (MMB)?
The return on equity (ROE) of Lagardere SCA is 27.8% (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 Lagardere SCA (MMB)?
On an EBIT basis the return on assets of Lagardere SCA is 5.7% (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 Lagardere SCA (MMB)?
The operating margin of Lagardere SCA is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lagardere SCA (MMB)?
Revenue at Lagardere SCA is growing +1.7% versus a year earlier (3y avg +10.5%). 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 Lagardere SCA (MMB)?
Earnings per share at Lagardere SCA are growing +23.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lagardere SCA (MMB) carry?
The net debt of Lagardere SCA is €4.5B (fiscal year 2025, ≈ 4.6 yrs of FCF). 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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Broad data
Nov 9, 2026