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Baikowski SA (ALBKK) Fair Value & Analysis

Basic Materials · FR · Market cap €87.3M

BS Baikowski SA ALBKK · PA
Price€24.20
Fair Value€17.39
Upside-28.1%
Quality64/100
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Healthy Growth
Thin margins · 7.4% net margin
Low debt · generates free cash flow
1.20% dividend yield
Mixed vs. peers (7/14)
Narrow moat 34/100
Evidence: High Range €12.22 – €21.74 Share as image

Fair value as of: Jul 20, 2026

From 25 valuation models · updated 21 days ago

Share price −3.2% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€21.74). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€32.51 €11.30 Fair Value €17.39 Jun 2021 Aug 2026

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

How to read this chart

60‑month range €11.30 – €32.51 · fair‑value band €12.22 – €21.74 · the €24.20 price screens above the €17.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Baikowski SA (ALBKK) currently trades at €24.20, while our model-based Fair Value estimate is €17.39, implying the stock looks roughly 28.1% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials 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: high).

Over the trailing twelve months, Baikowski SA generated revenue of €50.7M at a net margin of 7.4%. Revenue grew 10.6% year over year. It earns a return on equity of 8.2%. Net debt stands at €8.4M. Fundamentals as of Jul 20, 2026

Our scenario range runs from €12.22 (bear case) to €21.74 (bull case); at €24.20, 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 26% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -28%, ALBKK 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 €11.57 €15.17 €19.29 80
Residual Income €9.46 €9.74 €9.74 76
Rev-Margin DCF €8.89 €12.83 €17.30 74
All 25 models by family
DCF Models
FCF DCF €11.50 €15.60 €20.56 38
5Y Revenue Exit €8.89 €12.65 €17.22 39
5Y EBITDA Exit €11.79 €17.94 €24.90 41
5Y P/E Exit €11.36 €17.15 €23.04 38
10Y Revenue Exit €9.79 €13.11 €17.20 36
10Y EBITDA Exit €11.52 €16.22 €22.10 37
10Y P/E Exit €11.29 €15.75 €20.91 35
Earnings-Based
Graham-Dodd €6.96 €19.40 €25.51 54
Lynch FV €3.90 €5.57 €7.25 50
PEG = 1.0 €3.90 €5.57 €7.25 46
EPV €4.28 €4.82 €5.26 59
Dividend Discount
Gordon GGM €2.09 €3.50 €4.55 70
DDM Multi-Stage €2.09 €3.01 €3.77 61
Multiples
P/E Multiple €13.04 €17.39 €21.74 63
P/S Multiple €13.04 €17.39 €21.74 58
P/B Multiple €13.04 €17.39 €21.74 55
EV/EBIT €8.42 €11.29 €14.16 53
EV/EBITDA €13.74 €18.38 €23.02 54
EV/Revenue €7.28 €10.47 €13.67 43
Asset-Based
NCAV (Graham) €6.30 €8.45 €12.61 50
Growth DCF
Growth DCF €11.57 €15.17 €19.29 80
Rev-Margin DCF €8.89 €12.83 €17.30 74
Economic Profit
Residual Income €9.46 €9.74 €9.74 76
ROIC Compounder €4.28 €4.82 €5.26 72
Growth Earnings
Growth-Adj P/E €10.62 €15.17 €19.72 68

Widest divergence: Multiples (€17.39) versus Dividend Discount (€3.01). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €50.7M
Revenue growth (YoY) +10.6%
Net margin 7.4%
Return on equity 8.2%
Free cash flow €5.3M FY2025
P/E ratio 29.2
More key figures
Operating margin -4.2%
EPS (TTM) €1.02
Dividend yield 1.2%
EPS growth (YoY) +114%
Net debt €8.4M FY2025

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 56

Profitability 39
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 82
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

Baikowski SA, together with its subsidiaries, produces and sells specialty chemicals in France, rest of Europe, the Americas, Asia, and internationally.

Full company description

Baikowski SA, together with its subsidiaries, produces and sells specialty chemicals in France, rest of Europe, the Americas, Asia, and internationally. The company offers ultra-pure alumina powders and formulations, spinel, ZTA/ATZ, YAG, mullite, polishing solutions, nanodispersions, and ready-to-use solutions for technical ceramics, precision polishing, crystals, additives, and coatings applications. It serves the energy, electronics, automotive, aerospace and defense, medical, and watches and phones industries. Baikowski SA was founded in 1904 and is headquartered in Poisy, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Baikowski SA reported revenue of €50.7M in FY2025 versus €44.9M in FY2021, a compound +3.1%/yr. Reported net income was €3.8M in FY2025, compounding −13.7%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€50.7M
Latest YoY
+6.3%
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.
−1.5%
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.
+7.3%
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.
+2.4%
Revenue +3.1%/yr
FY21 €44.9M
FY22 €53.0M
FY23 €36.0M
FY24 €47.7M
FY25 €50.7M
Net income −13.7%/yr
FY21 €6.8M
FY22 €6.5M
FY23 €938K
FY24 €3.8M
FY25 €3.8M

ALBKK screens 28% overvalued. Compare with BASF SE →

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

Peer Group

Chemicals · 333 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 64 · Top 25%
Fair Value upside −28% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 23.3× · Cheaper than median
P/B 2.18× · Pricier than median
P/S (TTM) 1.99× · Pricier than median
P/FCF 19.1× · Pricier than 75% of peers
EV/EBITDA 15.1× · 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 0
FUTURE 53 · sector 20
PAST 33 · sector 19
HEALTH 91 · sector 94
DIVIDEND 24 · sector 27

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

Insider activity: 40/100

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Baikowski SA (ALBKK) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of €17.39 versus a price of €24.20, about −28% (overvalued).
What is the fair value of ALBKK?
Our model-based fair value for Baikowski SA is €17.39 (as of Jul 20, 2026), built from audited fundamentals. The current price is €24.20.
What is the quality score of ALBKK?
Baikowski SA has a Quality Score of 64/100. 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 Baikowski SA (ALBKK)?
Baikowski SA reported trailing-twelve-month revenue of about €50.7M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of ALBKK?
The net profit margin of Baikowski SA is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does Baikowski SA pay a dividend?
Baikowski SA currently shows a dividend yield of about 1.17% relative to its recent price (as of Jul 20, 2026).

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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