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Audacia SA (ALAUD) Fair Value & Analysis

Financial Services · FR · Market cap €30.9M

AS Audacia SA ALAUD · PA
Price€4.04
Fair Value€2.32
Upside-42.6%
Quality52/100
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Expensive Growth
Thin margins · 1.6% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Moderate moat 45/100
Evidence: Medium Range €1.74 – €2.91 Share as image

Fair value as of: Jul 19, 2026

From 12 valuation models · updated 22 days ago

Share price −7.3% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€2.91). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€6.35 €2.51 Fair Value €2.32 Oct 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

58‑month range €2.51 – €6.35 · fair‑value band €1.74 – €2.91 · the €4.04 price screens above the €2.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Audacia SA (ALAUD) currently trades at €4.04, while our model-based Fair Value estimate is €2.32, implying the stock looks roughly 42.6% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Financial Services 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: medium).

Over the trailing twelve months, Audacia SA generated revenue of €15.8M at a net margin of 1.6%. Revenue grew 25.5% year over year. It earns a return on equity of 10.1%. The balance sheet holds a net cash position of €4.8M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €1.74 (bear case) to €2.91 (bull case); at €4.04, 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 33% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -43%, ALAUD 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
Growth DCF €0.9400 €1.03 €1.17 80
Residual Income €1.60 €1.74 €1.97 76
Gordon GGM €5.33 €8.93 €11.59 70
All 12 models by family
DCF Models
Owner Earnings €4.65 €8.12 €14.02 31
5Y P/E Exit €2.08 €3.72 €5.82 38
10Y P/E Exit €1.62 €2.83 €4.92 35
Earnings-Based
Graham-Dodd €1.45 €9.59 €13.43 54
Lynch FV €2.80 €4.00 €5.20 50
Dividend Discount
Gordon GGM €5.33 €8.93 €11.59 70
DDM Multi-Stage €5.33 €8.47 €9.61 61
Multiples
P/E Multiple €2.08 €2.77 €3.46 63
P/B Multiple €2.05 €2.73 €3.42 55
Asset-Based
NCAV (Graham) €0.9800 €1.31 €1.95 50
Growth DCF
Growth DCF €0.9400 €1.03 €1.17 80
Economic Profit
Residual Income €1.60 €1.74 €1.97 76

Widest divergence: Dividend Discount (€8.47) versus Growth DCF (€1.03). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €15.8M
Revenue growth (YoY) +25.5%
Net margin 1.6%
Return on equity 10.1%
Free cash flow €91.1K FY2025
P/E ratio 106.5
More key figures
Operating margin 13.7%
EPS (TTM) €0.0400
EPS growth (YoY) +697%
Net cash €4.8M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 51 · Market factors (momentum, volatility) 50

Profitability 56
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 42
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

Audacia SA is a venture capital and private equity firm specializing in startups, growth capital, emerging growth, mature, SMEs family businesses, mezzanine and real estate investments.

Full company description

Audacia SA is a venture capital and private equity firm specializing in startups, growth capital, emerging growth, mature, SMEs family businesses, mezzanine and real estate investments. The firm prefers to invest in all sectors, with a focus on consumer goods, hotel and catering, industrials, Business-to-Business and Business-to-Consumer services, quantum communication, quantum computing, innovative physics and quantum sensors. It typically invests in France. The firm seeks to invest between "2 million ($2.16 million) and "10 million ($10.82 million) in the form of convertible bonds and can make equity investment between "0.5 million ($0.54 million) and "10 million ($10.82 million). The firm generally targets companies with sale revenues between "5 million ($5.41 million) and "250 million ($270.39 million). Audacia SA was founded in 2006 and is based in Paris, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Audacia SA reported revenue of €21.1M in FY2025 versus €8.1M in FY2021, a compound +26.9%/yr. Reported net income was €1.5M in FY2025, compounding −19.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€21.1M
Latest YoY
+61.7%
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.
+29.2%
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.
+14.3%
Avg. growth/yr (7Y) 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.
+3.5%
Revenue +26.9%/yr
FY21 €8.1M
FY22 €9.8M
FY23 €10.8M
FY24 €13.0M
FY25 €21.1M
Net income −19.0%/yr
FY21 €3.5M
FY22 €275K
FY23 €264K
FY24 €900K
FY25 €1.5M

ALAUD screens 43% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "Audacia SA Fair Value". https://www.fairvalue-calculator.com/stock/ALAUD

Peer Group

Asset Management · 971 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 52 · Below median
Fair Value upside −43% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 14% · Below median
Revenue growth 26% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 109.8× · Pricier than 75% of peers
P/B 2.60× · Pricier than 75% of peers
P/S (TTM) 2.26× · Cheaper than median
P/FCF 392.1× · Pricier than 75% of peers
EV/EBITDA 14.5× · 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 0 · sector 37
FUTURE 100 · sector 6
PAST 40 · sector 26
HEALTH 100 · sector 95
DIVIDEND 0 · sector 69

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

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Audacia SA (ALAUD) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €2.32 versus a price of €4.04, about −43% (overvalued).
What is the fair value of ALAUD?
Our model-based fair value for Audacia SA is €2.32 (as of Jul 19, 2026), built from audited fundamentals. The current price is €4.04.
What is the quality score of ALAUD?
Audacia SA has a Quality Score of 52/100. 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 Audacia SA (ALAUD)?
Audacia SA reported trailing-twelve-month revenue of about €15.8M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ALAUD?
The net profit margin of Audacia SA is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. 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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