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Alfio Bardolla Training Group (ABTG) Fair Value & Analysis

Consumer Defensive · IT · Market cap €7.7M

AB Alfio Bardolla Training Group ABTG · MI
Price€1.29
Fair Value€3.87
Upside+200.0%
Quality74/100
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Mixed Growth
Loss-making · -0.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 20/100
Evidence: High Range €2.34 – €6.85 Share as image

Fair value as of: Jul 24, 2026

From 25 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from €4.00 to €3.87 (−3.3%) since Jun 25, 2026. Share price −7.2% over the past month.

A solid business, screening 200% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (€2.34). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (€2.34 to €6.85). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

€3.85 €1.27 Fair Value €3.87 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range €1.27 – €3.85 · fair‑value band €2.34 – €6.85 · the €1.29 price screens below the €3.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Alfio Bardolla Training Group (ABTG) currently trades at €1.29, while our model-based Fair Value estimate is €3.87, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Alfio Bardolla Training Group generated revenue of €19.7M at a net margin of -0.6%. Revenue declined 15.6% year over year. It earns a return on equity of -4.1%. The balance sheet holds a net cash position of €1.8M. Fundamentals as of Jul 24, 2026

Our scenario range runs from €2.34 (bear case) to €6.85 (bull case); at €1.29, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at 200%, ABTG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF €0.7700 €1.06 €1.51 80
Residual Income €0.9400 €1.22 €3.06 76
ROIC Compounder €1.71 €2.30 €2.74 72
All 25 models by family
DCF Models
FCF DCF €0.8000 €1.00 €1.59 38
Owner Earnings €4.17 €7.90 €14.41 31
5Y Revenue Exit €2.03 €3.63 €7.01 39
5Y EBITDA Exit €3.95 €7.51 €14.51 41
5Y P/E Exit €2.42 €5.52 €9.82 38
10Y Revenue Exit €1.49 €3.57 €5.09 36
10Y EBITDA Exit €2.77 €7.10 €15.05 37
10Y P/E Exit €1.81 €4.29 €8.53 35
Earnings-Based
Graham-Dodd €1.24 €8.63 €12.11 54
Lynch FV €4.46 €6.37 €8.28 50
PEG = 1.0 €4.46 €6.37 €8.28 46
EPV €1.43 €1.57 €1.67 59
Dividend Discount
Gordon GGM €0.5400 €0.9000 €1.17 70
DDM Multi-Stage €0.5400 €0.8500 €0.9700 61
Multiples
P/E Multiple €3.00 €4.00 €5.00 63
P/S Multiple €2.32 €3.09 €3.87 58
P/B Multiple €2.32 €3.09 €3.87 55
EV/EBIT €3.61 €4.72 €5.82 53
EV/EBITDA €5.67 €7.46 €9.25 54
EV/Revenue €2.54 €3.49 €4.45 43
Asset-Based
NCAV (Graham) €0.4500 €0.6000 €0.9000 50
Growth DCF
Growth DCF €0.7700 €1.06 €1.51 80
Economic Profit
Residual Income €0.9400 €1.22 €3.06 76
ROIC Compounder €1.71 €2.30 €2.74 72
Growth Earnings
Growth-Adj P/E €5.92 €8.45 €10.99 68

Widest divergence: Growth Earnings (€8.45) versus Asset-Based (€0.6000). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €19.7M
Revenue growth (YoY) -15.6%
Net margin -0.6%
Return on equity -4.1%
Free cash flow €215K FY2024
Operating margin -10.0%
More key figures
EPS (TTM) €-0.0200
EPS growth (YoY) -16.6%
Net cash €1.8M FY2023

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 75 · Market factors (momentum, volatility) 29

Profitability 71
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 91
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Alfio Bardolla Training Group S.p.A. operates as a personal financial training company in Italy. The company offers training courses in real estate, such as investing in real estate, real estate auctions, real estate excerpts, airbnb business, investing in Dubai, real estate marketing, and NPLs; real estate coaching services; and Real Estate Pro, a tool to …

Full company description

Alfio Bardolla Training Group S.p.A. operates as a personal financial training company in Italy. The company offers training courses in real estate, such as investing in real estate, real estate auctions, real estate excerpts, airbnb business, investing in Dubai, real estate marketing, and NPLs; real estate coaching services; and Real Estate Pro, a tool to find apartments at a discount or auction. It also provides training courses in trading, including forex trading, crypto trading, commodity spread trading, options trading, ETFs, and scalping; and forex trading diary, options trading diary, crypto trading diary, and commodity trading diary. In addition, the company offers business training courses comprising business revolution and second in command; and business and mindset coaching services. Further, it provides money mindset, color negotiation, and philosophy of money; Passion Money Planner; books related to mindset; and experiences. The company was founded in 2012 and is based in Milan, Italy.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Alfio Bardolla Training Group reported revenue of €45.9M in FY2024 versus €9.4M in FY2020, a compound +48.5%/yr. Reported net income was €930K in FY2024, compounding +7.0%/yr from FY2020.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€45.9M
Latest YoY
+136.9%
Avg. growth/yr (3Y) 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.
+49.5%
Avg. growth/yr (5Y) 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.
+31.9%
Avg. growth/yr (9Y) 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.
+31.9%
Revenue +48.5%/yr
FY20 €9.4M
FY21 €13.7M
FY22 €15.0M
FY23 €19.4M
FY24 €45.9M
Net income +7.0%/yr
FY20 €709K
FY21 €824K
FY22 −€619K
FY23 €496K
FY24 €930K

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Cite: Fair Value Calculator (2026). "Alfio Bardolla Training Group Fair Value". https://www.fairvalue-calculator.com/stock/ABTG

Peer Group

Education & Training Services · 148 stocks

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.

Quality Score 74 · Top 25%
Fair Value upside +200% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) -10% · Bottom 25%
Revenue growth -16% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/B 1.92× · Pricier than median
P/S (TTM) 0.45× · Cheaper than median
P/FCF 41.3× · Pricier than 75% of peers
EV/EBITDA 6.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 0 · sector 24
PAST 0 · sector 18
HEALTH 97 · sector 95
DIVIDEND 0 · sector 66

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDUN 966.48 MXN 897.37 MXN -7%
TAL Education Group TAL $10.24 $15.60 +52%
Laureate Education, Inc LAUR $36.45 $41.45 +14%
Physicswallah Limited PWL ₹131.59 ₹14.81 -89%
Grand Canyon Education, Inc LOPE $149.00 $152.01 +2%
Covista Inc CVSA $116.22 $135.45 +17%
Stride, Inc LRN $83.39 $139.45 +67%
Universal Technical Institute, Inc UTI $40.33 $21.35 -47%
Perdoceo Education Corporation PRDO $31.66 $41.45 +31%
Strategic Education, Inc STRA $84.18 $105.48 +25%

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Frequently asked questions

Is Alfio Bardolla Training Group (ABTG) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of €3.87 versus a price of €1.29, about +200% (undervalued).
What is the fair value of ABTG?
Our model-based fair value for Alfio Bardolla Training Group is €3.87 (as of Jul 24, 2026), built from audited fundamentals. The current price is €1.29.
What is the quality score of ABTG?
Alfio Bardolla Training Group has a Quality Score of 74/100. 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 revenue of Alfio Bardolla Training Group (ABTG)?
Alfio Bardolla Training Group reported trailing-twelve-month revenue of about €19.7M (latest available figure, as of Jul 24, 2026).
What is the net profit margin of ABTG?
The net profit margin of Alfio Bardolla Training Group is about -0.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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