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Bilendi SA (ALBLD) Fair Value & Analysis

Communication Services · FR · Market cap €74.0M

BS Bilendi SA ALBLD · PA
Price€13.14
Fair Value€10.93
Upside-16.8%
Quality41/100
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Healthy Growth
Thin margins · 3.3% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Narrow moat 34/100
Evidence: High Range €7.01 – €13.72 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from €10.85 to €10.93 (+0.7%) since Jun 24, 2026. Share price −17.3% over the past month.

Below-average quality, and screening another 17% overvalued on our models.

What matters now

  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (€7.01 to €13.72) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€30.30 €10.62 Fair Value €10.93 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €10.62 – €30.30 · fair‑value band €7.01 – €13.72 · the €13.14 price screens above the €10.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Bilendi SA (ALBLD) currently trades at €13.14, while our model-based Fair Value estimate is €10.93, implying the stock looks roughly 16.8% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Communication 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: high).

Over the trailing twelve months, Bilendi SA generated revenue of €91.5M at a net margin of 3.3%. Revenue grew 42.2% year over year. It earns a return on equity of 7.0%. Net debt stands at €48.1M. Fundamentals as of Jul 12, 2026

Our scenario range runs from €7.01 (bear case) to €13.72 (bull case); at €13.14, 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 46% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at -17%, ALBLD 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 €1.33 €7.14 €15.17 80
Residual Income €6.71 €6.75 €6.33 76
Rev-Margin DCF €1.76 €9.63 €20.12 74
All 26 models by family
DCF Models
FCF DCF €1.60 €8.53 €18.96 38
Owner Earnings €8.46 €19.97 €37.26 31
5Y Revenue Exit €1.76 €9.85 €20.98 39
5Y EBITDA Exit €17.62 €43.51 €77.21 41
5Y P/E Exit €1.18 €8.61 €17.22 38
10Y Revenue Exit €1.22 €8.23 €19.24 36
10Y EBITDA Exit €10.61 €29.68 €60.64 37
10Y P/E Exit €1.16 €7.44 €16.47 35
Earnings-Based
Graham-Dodd €4.39 €22.63 €31.28 54
Lynch FV €6.18 €8.83 €11.48 50
PEG = 1.0 €6.18 €8.83 €11.48 46
EPV €0.5900 59
Dividend Discount
Gordon GGM €1.12 €1.87 €2.43 70
DDM Multi-Stage €1.12 €1.77 €2.01 61
Multiples
P/E Multiple €10.65 €14.21 €17.76 63
P/S Multiple €8.23 €10.98 €13.72 58
P/B Multiple €8.23 €10.98 €13.72 55
EV/EBIT €5.61 €10.42 €15.23 53
EV/EBITDA €31.71 €45.22 €58.73 54
EV/Revenue €2.13 €6.81 €11.50 43
Asset-Based
NCAV (Graham) €4.62 €6.19 €9.24 50
Growth DCF
Growth DCF €1.33 €7.14 €15.17 80
Rev-Margin DCF €1.76 €9.63 €20.12 74
Economic Profit
Residual Income €6.71 €6.75 €6.33 76
ROIC Compounder €0.5900 72
Growth Earnings
Growth-Adj P/E €9.51 €13.59 €17.67 68

Widest divergence: Growth Earnings (€13.59) versus Dividend Discount (€1.77). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €91.5M
Revenue growth (YoY) +42.2%
Net margin 3.3%
Return on equity 7.0%
Free cash flow €5.0M FY2025
P/E ratio 22.5
More key figures
Operating margin 0.9%
EPS (TTM) €0.6200
EPS growth (YoY) -72.5%
Net debt €48.1M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 32

Profitability 30
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 71
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

Bilendi SA provides services for market research and customer engagement and loyalty services in France, United Kingdom, Germany, Switzerland, Spain, Italy, Morocco, Denmark, Sweden, Finland, Belgium, the Netherlands, and Mauritius. Its market research services comprising translation, scripting, sampling, quality check, coding, and data processing.

Full company description

Bilendi SA provides services for market research and customer engagement and loyalty services in France, United Kingdom, Germany, Switzerland, Spain, Italy, Morocco, Denmark, Sweden, Finland, Belgium, the Netherlands, and Mauritius. Its market research services comprising translation, scripting, sampling, quality check, coding, and data processing. The company offers Bilendi Discuss, an AI-powered qualitative research platform with built-in Bilendi Artificial Research Intelligence AI assistant, including in-house algorithms and ChatGPT; and Niche recruitment, that leverages social media to access and interview niche targets in Europe and around the world; AI for quantitative projects. In addition, it offers loyalty and CRM consulting, technologies, data and insights, digital marketing, and rewards and incentives services. The company was formerly known as Maximiles SA and changed its name to Bilendi SA. Bilendi SA was incorporated in 1999 and is headquartered in Paris, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bilendi SA reported revenue of €91.5M in FY2025 versus €44.1M in FY2021, a compound +20.1%/yr. Reported net income was €3.0M in FY2025, compounding −11.2%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€91.5M
Latest YoY
+42.2%
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.
+14.2%
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.
+21.8%
Avg. growth/yr (22Y) 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.
+15.4%
Revenue +20.1%/yr
FY21 €44.1M
FY22 €61.5M
FY23 €62.7M
FY24 €64.4M
FY25 €91.5M
Net income −11.2%/yr
FY21 €4.8M
FY22 €3.9M
FY23 €2.8M
FY24 €4.5M
FY25 €3.0M

ALBLD screens 17% overvalued. Compare with AppLovin Corporation →

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

Peer Group

Advertising Agencies · 199 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 41 · Bottom 25%
Fair Value upside −17% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 1% · Below median
Revenue growth 42% · Top 25%
Debt / equity 1.19× · Higher than 75% of peers

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 25.8× · Pricier than median
P/B 2.00× · Pricier than median
P/S (TTM) 0.93× · Pricier than median
P/FCF 17.2× · Pricier than 75% of peers
EV/EBITDA 6.1× · 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 11 · sector 19
FUTURE 100 · sector 8
PAST 28 · sector 7
HEALTH 41 · sector 98
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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Mobvista Inc 1860 HK$11.15 HK$6.43 -42%

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Frequently asked questions

Is Bilendi SA (ALBLD) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €10.93 versus a price of €13.14, about −17% (overvalued).
What is the fair value of ALBLD?
Our model-based fair value for Bilendi SA is €10.93 (as of Jul 12, 2026), built from audited fundamentals. The current price is €13.14.
What is the quality score of ALBLD?
Bilendi SA has a Quality Score of 41/100. 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 Bilendi SA (ALBLD)?
Bilendi SA reported trailing-twelve-month revenue of about €91.5M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ALBLD?
The net profit margin of Bilendi SA is about 3.3%, meaning it keeps roughly 3.3% 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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