Fleury Michon (ALFLE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fleury Michon stock €38.99, price €23.90, upside +63.1%, quality 54 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €14.33 – €27.52 · fair‑value band €38.17 – €41.40 · the €23.90 price screens below the €38.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Fleury Michon SA produces and sells food products in France and internationally.
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It offers prepared meals; vegetable slices; roasts, pastrami, and pan-fried meats; chicken and turkey breast; halal products; ingredients for cooking; pork ham; surimi; pasta, risotto, and stir-fried products; gratins and parmentiers; pisces; meats and poultry; chesse; and wooden trays.
The company was founded in 1905 and is based in Pouzauges, France.
Stock analysis
Fleury Michon (ALFLE) currently trades at €23.90, while our model-based Fair Value estimate is €38.99, implying the stock looks roughly 39% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €55.29 per share, and 11 of the 14 models we run sit above the €23.90 price.
Bear case: the Asset-Based group reads lowest at €17.22, and 3 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €38.17 (bear) to €41.40 (bull), the price of €23.90 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 54/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Fleury Michon reported revenue of €836M in FY2025 versus €706M in FY2021, a compound +4.3%/yr. Reported net income was €13.6M in FY2025, compounding +35.7%/yr from FY2021.
Key figures
Market cap €98.9M Micro · P/E ratio 6.5 · P/S ratio 0.12 · EPS (TTM) €3.67 · Dividend yield 5.6% · Net margin 1.8% · Return on equity 4.2% · Return on assets (EBIT) 1.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 63%, ALFLE screens cheaper than that median.
Fair Value models
Bear€38.17Fair Value €38.99Bull€41.40
Price €23.90 · Upside +63.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€1.99 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.6%
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.
+1.7%
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.
+2.6%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 23 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.
+1.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +32.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +26.4%
Dividend (yield on the price)5.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 26.4% / −2.8%
Profit margin 2020 to 2025 ⓘ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% → 2%
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.96 per share, median 3.72 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
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.Packaged Foods · 625 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+63.1% · Top 25%
Profitability
Return on equity (12 months)4.2% · Below median
Return on assets2.1% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)3.5% · Below median
Dividend yield (12 months)5.6% · Top 25%
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Fleury Michon Fair Value". https://www.fairvalue-calculator.com/stock/ALFLE
Frequently asked questions
Is Fleury Michon (ALFLE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €38.99 versus a price of €23.90, about +63% upside (undervalued).
What is the fair value of ALFLE?
Our model-based fair value for Fleury Michon is €38.99 (as of Nov 8, 2026), built from audited fundamentals. The current price: €23.90.
What is the quality score of ALFLE?
Fleury Michon has a Quality Score of 54/100. 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 Fleury Michon (ALFLE)?
Our model-based price target is the fair value of €38.99 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario €38.17, optimistic scenario €41.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Fleury Michon stock forecast for 2026?
Our models put fair value at €38.99, about +63% upside versus a price of €23.90 (undervalued). Cautious scenario €38.17, optimistic scenario €41.40. The calculation is refreshed regularly with new filings.
What is the revenue of Fleury Michon (ALFLE)?
Fleury Michon reported trailing-twelve-month revenue of about €851M (latest available figure, as of Nov 8, 2026).
Does Fleury Michon pay a dividend?
Fleury Michon currently shows a dividend yield of 5.65% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Fleury Michon (ALFLE) and when is the ex-dividend date?
Fleury Michon pays a dividend of €1.35 per share a year, a dividend yield of 5.6%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since at least 2000. The payout ratio is 36.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Fleury Michon (ALFLE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fleury Michon it is €38.99 per share (as of Nov 8, 2026), against a price of €23.90. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Fleury Michon stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ALFLE trades below its calculated fair value: price €23.90, fair value €38.99, a gap of about +63% (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 ALFLE?
No. The price is what the market pays today (€23.90); the fair value is what the company's own numbers justify (€38.99). For Fleury Michon the two are €15.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fleury Michon worth?
The market values Fleury Michon at about €98.9M (market capitalisation, as of Nov 8, 2026). Per share that is €23.90; our models calculate a fair value of €38.99 per share.
What do the bullish and bearish scenarios say about ALFLE?
Our models span a range for Fleury Michon: cautious scenario €38.17, base €38.99, optimistic €41.40 per share (as of Nov 8, 2026, price €23.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALFLE?
Fleury Michon trades at a price-to-earnings ratio of 6.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €38.99 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 13.7. Other multiples: PEG 2.1, P/B 0.5, P/S 0.1, EV/EBITDA 0.7.
What is the PEG ratio of ALFLE?
The PEG ratio of Fleury Michon is 2.10 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fleury Michon (ALFLE)?
Balance-sheet figures for Fleury Michon (as of Nov 8, 2026): return on equity 4.2%, debt of 0.67 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is ALFLE from its 52-week high?
Fleury Michon trades at €23.90, about 6% below its 52-week high of €25.35 and 17% above the low of €20.51 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €38.99 is for.
Which stocks are comparable to Fleury Michon?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Fleury Michon stock attractive at the current price?
The data as of Nov 8, 2026: price €23.90, calculated fair value €38.99 (+63%), Quality Score 54/100, from 14 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 ALFLE calculated?
We run Fleury Michon through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €38.99 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Fleury Michon currently trades 39% 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 Fleury Michon (ALFLE)?
The closing price on Nov 6, 2026 was €23.90. Our model-based fair value is €38.99, about +63% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fleury Michon right now?
The price is below even our cautious bear case (€38.17). The market is more pessimistic than our downside scenario. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (€38.17 to €41.40), unusually little disagreement for a valuation.
Where does the earnings growth of Fleury Michon (ALFLE) come from?
Earnings per share at Fleury Michon grew +3.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.8 %, EBIT margin −8.5 %, tax rate +4.5 %, residual (interest, one-offs) +7.0 %. 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 Fleury Michon
How large is the market capitalisation of Fleury Michon (ALFLE)?
The market capitalisation of Fleury Michon is €98.9M. 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 Fleury Michon (ALFLE)?
The price-to-sales ratio of Fleury Michon 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 Fleury Michon (ALFLE)?
Earnings per share at Fleury Michon are €3.67 (price ÷ EPS = P/E 6.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fleury Michon (ALFLE)?
The dividend yield of Fleury Michon is 5.6% (payout 36.8%). 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 Fleury Michon (ALFLE)?
The net margin of Fleury Michon is 1.8% (last twelve months). 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 Fleury Michon (ALFLE)?
The return on equity (ROE) of Fleury Michon is 4.2% (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 Fleury Michon (ALFLE)?
On an EBIT basis the return on assets of Fleury Michon is 1.8% (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 Fleury Michon (ALFLE)?
The operating margin of Fleury Michon is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fleury Michon (ALFLE)?
Revenue at Fleury Michon is growing +3.5% versus a year earlier (3y avg +1.7%). 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 Fleury Michon (ALFLE)?
Earnings per share at Fleury Michon are growing −88.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Fleury Michon (ALFLE) generate?
The free cash flow of Fleury Michon is −€16.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fleury Michon (ALFLE) carry?
The net debt of Fleury Michon is €9.5M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026