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Atos Origin SA ADR (AEXAY) Fair Value & Analysis

Technology · US · Market cap $881M · ISIN US04962A1051

AO Atos Origin SA ADR logo Atos Origin SA ADR AEXAY · US
Price$9.08
Fair Value$5.59
Upside-38.4%
Quality26/100
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Risks

!Trades 62% ABOVE our fair value of $5.59
!Weak Growth (revenue 5y −7.2 %/yr)
!Loss-making · -17.6% net margin
!Negative equity (buybacks among others) · negative free cash flow
Weak Growth (revenue 5y −7.2 %/yr)
Loss-making · -17.6% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (3/11)
Narrow moat 13/100
Evidence: Low Range $3.99 – $7.20 Share as image

Fair value as of: Aug 20, 2026

From 7 valuation models · updated 8 days ago

Below-average quality, and trading another 62% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case ($7.20). The favourable scenario is already priced in.
  • Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range ($3.99 to $7.20) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$132,749 $3.41 Fair Value $5.59 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range $3.41 – $132,749 · fair‑value band $3.99 – $7.20 · the $9.08 price screens above the $5.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Atos Origin SA ADR (AEXAY) currently trades at $9.08, while our model-based Fair Value estimate is $5.59, implying the stock looks roughly 38.4% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Atos Origin SA ADR generated revenue of $8.0B at a net margin of -17.6%. Revenue declined 13.7% year over year. Net debt stands at $1.5B. Fundamentals as of Aug 20, 2026

Our scenario range runs from $3.99 (bear case) to $7.20 (bull case); at $9.08, the current price sits above 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 45% below its 52-week high and 135% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 77% fair-value upside, at -38%, AEXAY screens richer 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
ROIC Compounder $13.49 $17.02 $20.08 72
Gordon GGM $1.04 $1.12 $1.24 70
DDM Multi-Stage $1.04 $1.24 $1.49 61
All 7 models by family
Earnings-Based
EPV $13.49 $16.77 $19.49 59
Dividend Discount
Gordon GGM $1.04 $1.12 $1.24 70
DDM Multi-Stage $1.04 $1.24 $1.49 61
Multiples
EV/EBIT $68.24 $94.48 $120.73 53
EV/EBITDA $113.93 $155.40 $196.87 54
EV/Revenue $29.31 $46.37 $63.43 43
Economic Profit
ROIC Compounder $13.49 $17.02 $20.08 72

Widest divergence: Multiples ($94.48) versus Dividend Discount ($1.12). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 0.11 TTM
EPS (TTM) $-17.13
Net margin -17.5% FY2025
Return on equity -31,178% TTM
Return on assets (EBIT) -14.9% avg 5y
Operating margin 0.3% TTM
More key figures
Growth
Revenue (TTM) $8.0B TTM
Revenue growth (YoY) -13.7% 3y avg -12.0%
EPS growth (YoY) +33.7%
Balance sheet & cash flow
Free cash flow −$87.4M FY2025
Net debt $1.5B FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 27 · Market factors (momentum, volatility) 29

Profitability 35
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 10
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Atos SE provides digital transformation solutions and services in France and internationally. It offers cloud and infrastructure services, such as sovereign cloud, multi cloud, private cloud and edge services, modern infrastructure, modern mainframe, and managed edge services, and cloud and modern infrastructure advisory; digital business platforms; digital …

Full company description

Atos SE provides digital transformation solutions and services in France and internationally. It offers cloud and infrastructure services, such as sovereign cloud, multi cloud, private cloud and edge services, modern infrastructure, modern mainframe, and managed edge services, and cloud and modern infrastructure advisory; digital business platforms; digital workplace comprising accessibility services, platforms, intelligent care center, intelligent collaboration, digital workplace advisory, and sustainability. The company also provides integration and value added resell, technology consulting, customized, and maintenance and support services. In addition, it offers advanced computing, cloud solutions, digital security, generative artificial intelligence (AI), security solutions, smart platforms, and transformation acceleration solutions. Further, the company provides decarbonization, cybersecurity products and services, mission-critical systems, advanced computing, and AI and automation services. Additionally, the company provides digital applications such as application services, digital assurance, industry 360 & plm services, intelligent automation, internet of things, and low code solutions; and smart platforms. It serves public sector and defense, manufacturing, financial services and insurance, telecom, media and technology, energy and utilities, retail, transportation and logistics, and healthcare and life science industries. Atos SE was incorporated in 1982 and is headquartered in Bezons, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Atos Origin SA ADR reported revenue of €7.7B in FY2025 versus €10.8B in FY2021, a compound −8.2%/yr. Reported net income was −€1.3B in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$7.7B
Latest YoY
−19.8%
Avg. revenue 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.
−12.0%
Avg. revenue 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.
−7.2%
Avg. revenue growth/yr (24Y) 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.
+3.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −8.2%/yr
FY21 €10.8B
FY22 €11.3B
FY23 €10.7B
FY24 €9.6B
FY25 €7.7B
Net income
FY21 −€3.0B
FY22 −€1.0B
FY23 −€3.4B
FY24 €248M
FY25 −€1.3B

AEXAY screens 38% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Atos Origin SA ADR Fair Value". https://www.fairvalue-calculator.com/stock/AEXAY

Peer Group

Information Technology Services · 493 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 26 · Bottom 25%
Fair Value upside −38% · Below median
Return on assets 1% · Below median
Net margin (TTM) -18% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 1.5% · Below median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/S (TTM) 0.11× · Cheaper than 75% of peers
EV/EBITDA 4.7× · Cheaper than 75% of peers
PEG 1.45× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 33
FUTURE0 · sector 31
PAST0 · sector 35
HEALTH100 · sector 97
DIVIDEND30 · sector 34

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $229.87 $175.76 -24%
Accenture plc ACN $181.38 $334.27 +84%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,111 ₹1,967 +77%
HCL Technologies Limited HCLTECH ₹1,282 ₹1,722 +34%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 -53%
Cognizant Technology Solutions Corporation CTSH $62.09 $132.01 +113%
Capgemini SE CAP €109.50 €222.79 +103%

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Frequently asked questions

Is Atos Origin SA ADR (AEXAY) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of $5.59 versus a price of $9.08, about −38% (overvalued).
What is the fair value of AEXAY?
Our model-based fair value for Atos Origin SA ADR is $5.59 (as of Aug 20, 2026), built from audited fundamentals. The current price: $9.08.
What is the quality score of AEXAY?
Atos Origin SA ADR has a Quality Score of 26/100. 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 Atos Origin SA ADR (AEXAY)?
Atos Origin SA ADR reported trailing-twelve-month revenue of about $8.0B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of AEXAY?
The net profit margin of Atos Origin SA ADR is about -17.6%, 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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