DLSI (ALDLS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of DLSI €19.55, price €10.00, upside +95.5%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €7.43 – €14.39 · fair‑value band €15.83 – €23.28 · the €10.00 price screens below the €19.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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DLSI provides employment solutions in France, Germany, Switzerland, Luxembourg, and rest of the European Union. The company operates a network of employment agencies for the wood and tertiary industries. It offers its services under the DLSI, PEMSA GROUP, EMO DLSI, and TERCIO brands. DLSI was incorporated in 1992 and is headquartered in Forbach, France.
Stock analysis
DLSI (ALDLS) currently trades at €10.00, while our model-based Fair Value estimate is €19.55, implying the stock looks roughly 48.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €40.99 per share, and 13 of the 15 models we run sit above the €10.00 price.
Bear case: the Dividend Discount group reads lowest at €4.99, and 2 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: €15.83 (bear) to €23.28 (bull), the price of €10.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DLSI reported revenue of €214M in FY2025 versus €195M in FY2021, a compound +2.4%/yr. Reported net income was −€1.1M in FY2025.
Key figures
Market cap €25.4M · P/S ratio 0.12 · EPS (TTM) €−0.4400 · Dividend yield 3.8% · Net margin −0.5% · Return on equity −1.9% · Return on assets (EBIT) 3.6% · Operating margin 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 96%, ALDLS screens cheaper than that median.
Fair Value models
Bear €15.83Fair Value €19.55Bull €23.28
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Start year 2020 (pandemic). Over 10 years: +1.2% a year
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
1.1% (2020) → 1.0% (2025)
What shareholders gained per year ⓘ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
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Staffing & Employment Services · 85 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "DLSI Fair Value". https://www.fairvalue-calculator.com/stock/ALDLS
Frequently asked questions
Is DLSI (ALDLS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €19.55 versus a price of €10.00, about +96% upside (undervalued).
What is the fair value of ALDLS?
Our model-based fair value for DLSI is €19.55 (as of Sep 23, 2026), built from audited fundamentals. The current price: €10.00.
What is the quality score of ALDLS?
DLSI has a Quality Score of 56/100. 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 price target for DLSI (ALDLS)?
Our model-based price target is the fair value of €19.55 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario €15.83, optimistic scenario €23.28. It is a calculation from audited fundamentals, not an analyst target.
What is the DLSI stock forecast for 2026?
Our models put fair value at €19.55, about +96% upside versus a price of €10.00 (undervalued). Cautious scenario €15.83, optimistic scenario €23.28. The calculation is refreshed regularly with new filings.
What is the revenue of DLSI (ALDLS)?
DLSI reported trailing-twelve-month revenue of about €214M (latest available figure, as of Sep 23, 2026).
Does DLSI pay a dividend?
DLSI currently shows a dividend yield of about 3.84% relative to its recent price (as of Sep 23, 2026).
What growth is priced into DLSI (ALDLS)?
For today's price to be fair in a discounted-cash-flow model, DLSI would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ALDLS use?
Our models discount DLSI at 9.9 %: a base by market capitalisation (nano), damped by beta 0.85, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For DLSI that is less than minus 40 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has DLSI (ALDLS) delivered so far?
Over the past 5 years revenue at DLSI grew +5.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of DLSI (ALDLS) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into DLSI (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DLSI (ALDLS)?
The free-cash-flow yield on the price is 30.97 %: that much free cash flow DLSI produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DLSI (ALDLS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DLSI it is €19.55 per share (as of Sep 23, 2026), against a price of €10.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is DLSI stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALDLS trades below its calculated fair value: price €10.00, fair value €19.55, a gap of about +96% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ALDLS?
No. The price is what the market pays today (€10.00); the fair value is what the company's own numbers justify (€19.55). For DLSI the two are €9.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is DLSI worth?
The market values DLSI at about €25.4M (market capitalisation, as of Sep 23, 2026). Per share that is €10.00; our models calculate a fair value of €19.55 per share.
What do the bullish and bearish scenarios say about ALDLS?
Our models span a range for DLSI: cautious scenario €15.83, base €19.55, optimistic €23.28 per share (as of Sep 23, 2026, price €10.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of DLSI (ALDLS)?
Balance-sheet figures for DLSI (as of Sep 23, 2026): return on equity −1.9%, debt of 0.07 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is ALDLS from its 52-week high?
DLSI trades at €10.00, about 15% below its 52-week high of €11.70 and 16% above the low of €8.60 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €19.55 is for.
Which stocks are comparable to DLSI?
From the same area (Industrials) we also value Adecco Group, Korn Ferry,, Robert Half Inc, TriNet Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DLSI stock attractive at the current price?
The data as of Sep 23, 2026: price €10.00, calculated fair value €19.55 (+96%), Quality Score 56/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ALDLS calculated?
We run DLSI through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €19.55, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. DLSI currently trades 96 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DLSI (ALDLS)?
The closing price on Sep 24, 2026 was €10.00. Our model-based fair value is €19.55, about +96% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DLSI right now?
The price is below even our cautious bear case (€15.83). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of DLSI (ALDLS) come from?
Earnings per share at DLSI grew −10.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.2 %, EBIT margin −12.4 %, tax rate −1.4 %, residual (interest, one-offs) +2.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of DLSI
How large is the market capitalisation of DLSI (ALDLS)?
The market capitalisation of DLSI is €25.4M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DLSI (ALDLS)?
The price-to-sales ratio of DLSI is 0.12 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DLSI (ALDLS)?
Earnings per share at DLSI are €−0.4400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DLSI (ALDLS)?
The dividend yield of DLSI is 3.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DLSI (ALDLS)?
The net margin of DLSI is −0.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DLSI (ALDLS)?
The return on equity (ROE) of DLSI is −1.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DLSI (ALDLS)?
On an EBIT basis the return on assets of DLSI is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DLSI (ALDLS)?
The operating margin of DLSI is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DLSI (ALDLS)?
Revenue at DLSI is growing +2.3% versus a year earlier (3y avg +2.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DLSI (ALDLS)?
Earnings per share at DLSI are growing −32.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does DLSI (ALDLS) hold?
DLSI holds more cash than debt, €11.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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