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Adeunis Société anonyme (ALARF) Fair Value & Analysis

Technology · FR · Market cap €3.8M

AS Adeunis Société anonyme ALARF · PA
Price€0.8400
Fair Value€1.02
Upside+21.4%
Quality30/100
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Weak Growth
Loss-making · -63.2% net margin
Negative equity (buybacks among others) · generates free cash flow
Trails peers (3/10)
Narrow moat 10/100
Evidence: Low Range €0.6715 – €1.37 Share as image

Fair value as of: Jul 13, 2026

From 6 valuation models · updated 28 days ago

Share price −1.8% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • A fairly wide model range (€0.6715 to €1.37) 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.
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Price vs Fair Value (5 years)

€2.64 €0.1668 Fair Value €1.02 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €0.1668 – €2.64 · fair‑value band €0.6715 – €1.37 · the €0.8400 price screens below the €1.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Adeunis Société anonyme (ALARF) currently trades at €0.8400, while our model-based Fair Value estimate is €1.02, implying the stock looks roughly 21.4% undervalued today. The Quality Score stands at 30/100 (below-average quality), in the Technology 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: low), always confirm before acting.

Over the trailing twelve months, Adeunis Société anonyme generated revenue of €4.4M at a net margin of -63.2%. Revenue declined 22.3% year over year. Fundamentals as of Jul 13, 2026

Our scenario range runs from €0.6715 (bear case) to €1.37 (bull case); at €0.8400, the current price sits within 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 7% below its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 21%, ALARF 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 €0.6100 €0.8000 €1.07 80
Rev-Margin DCF €0.6500 €1.03 €1.50 74
EV/Revenue €0.7900 €1.20 €1.61 43
All 6 models by family
DCF Models
FCF DCF €0.5900 €0.7900 €1.11 38
5Y Revenue Exit €0.6500 €1.01 €1.54 39
10Y Revenue Exit €0.6000 €0.8300 €1.08 36
Multiples
EV/Revenue €0.7900 €1.20 €1.61 43
Growth DCF
Growth DCF €0.6100 €0.8000 €1.07 80
Rev-Margin DCF €0.6500 €1.03 €1.50 74

Widest divergence: Multiples (€1.20) versus Growth DCF (€0.8000). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €4.4M
Revenue growth (YoY) -22.3%
Net margin -63.2%
Return on equity -102%
Free cash flow €480K FY2023
Operating margin -71.4%
More key figures
EPS (TTM) €-0.6000
EPS growth (YoY) -91.3%
Net debt €766K FY2026

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 33 · Market factors (momentum, volatility) 71

Profitability 22
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 86
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.

About the company

Adeunis Société anonyme designs, manufactures, and markets products and solutions for Internet of Things (IoT) business and connected objects in France.

Full company description

Adeunis Société anonyme designs, manufactures, and markets products and solutions for Internet of Things (IoT) business and connected objects in France. The company offers wireless sensors and cellular IoT sensors; cellular connectivity solutions for IoT projects; near field communication (NFC) configurators for IoT sensors; device management solutions for cellular IoT sensors; and IoT solutions for smart buildings comprises office buildings, collective housing, health establishment, industrial buildings, schools, commercial buildings, and accommodation and catering. It also provides on-site radio mapping, on-site deployment, training, data processing, sensor maintenance, and data decoding services; and sensors setup services. In addition, the company assists in private and public networks; and KARE/KARE+, a device management platform that allows to maintain in operational conditions. It is also involved in exporting activities. The company is headquartered in Crolles, France. As of December 15, 2023, Adeunis Société anonyme operates as a subsidiary of Webdyn S.A.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Adeunis Société anonyme reported revenue of €4.4M in FY2026 versus €6.2M in FY2022, a compound −8.2%/yr. Reported net income was −€2.8M in FY2026.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
€4.4M
Latest YoY
−27.6%
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.
−7.1%
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.
−3.8%
Avg. growth/yr (11Y) 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.
−6.3%
Revenue −8.2%/yr
FY22 €6.2M
FY23 €5.5M
FY24 €4.8M
FY25 €6.0M
FY26 €4.4M
Net income
FY22 −€397K
FY23 −€623K
FY24 −€1.9M
FY25 −€956K
FY26 −€2.8M

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Cite: Fair Value Calculator (2026). "Adeunis Société anonyme Fair Value". https://www.fairvalue-calculator.com/stock/ALARF

Peer Group

Communication Equipment · 286 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 30 · Bottom 25%
Fair Value upside +21% · Top 25%
Return on assets -34% · Bottom 25%
Net margin (TTM) -63% · Bottom 25%
Operating margin (TTM) -71% · Bottom 25%
Revenue growth -22% · Bottom 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/S (TTM) 1.01× · Cheaper than median
P/FCF 9.2× · 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.

VALUE 62 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 15
HEALTH 100 · sector 98
DIVIDEND 0 · sector 25

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

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

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Adeunis Société anonyme (ALARF) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €1.02 versus a price of €0.8400, about +21% (undervalued).
What is the fair value of ALARF?
Our model-based fair value for Adeunis Société anonyme is €1.02 (as of Jul 13, 2026), built from audited fundamentals. The current price is €0.8400.
What is the quality score of ALARF?
Adeunis Société anonyme has a Quality Score of 30/100. 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 Adeunis Société anonyme (ALARF)?
Adeunis Société anonyme reported trailing-twelve-month revenue of about €4.4M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of ALARF?
The net profit margin of Adeunis Société anonyme is about -63.2%, 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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