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HF Company (ALHF) Fair Value & Analysis

Technology · FR · Market cap €11.8M

HC HF Company ALHF · PA
Price€4.10
Fair Value€4.51
Upside+10.0%
Quality61/100
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Weak Growth
Low debt · generates free cash flow
13.22% dividend yield
Mixed vs. peers (7/12)
Narrow moat 25/100
Evidence: High Range €3.75 – €5.79 Share as image

Fair value as of: Jul 15, 2026

From 17 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from €4.52 to €4.51 (−0.2%) since Jul 14, 2026. Share price −5.1% over the past month.

A solid business, screening 10% undervalued on our models.

What matters now

  • Our model range runs from €3.75 (bear) to €5.79 (bull), base €4.51. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€4.59 €2.70 Fair Value €4.51 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €2.70 – €4.59 · fair‑value band €3.75 – €5.79 · the €4.10 price screens below the €4.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

HF Company (ALHF) currently trades at €4.10, while our model-based Fair Value estimate is €4.51, implying the stock looks roughly 10.0% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at €369K. It earns a return on equity of 4.7%. The balance sheet holds a net cash position of €1.1M. The stock trades on a trailing P/E of 16.2. Fundamentals as of Jul 15, 2026

Our scenario range runs from €3.75 (bear case) to €5.79 (bull case); at €4.10, 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 18% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 10%, ALHF 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 €1.09 €1.26 €1.50 80
Residual Income €3.84 €3.85 €3.42 76
Gordon GGM €13.94 €14.90 €16.31 70
All 17 models by family
DCF Models
FCF DCF €1.08 €1.25 €1.53 38
Owner Earnings €2.73 €3.33 €4.31 31
5Y Revenue Exit €0.8300 €0.9300 €1.08 39
5Y P/E Exit €2.71 €4.17 €5.91 38
10Y Revenue Exit €0.9400 €1.02 €1.09 36
10Y P/E Exit €1.92 €2.73 €3.51 35
Earnings-Based
Graham-Dodd €2.00 €2.44 €2.75 54
Dividend Discount
Gordon GGM €13.94 €14.90 €16.31 70
DDM Multi-Stage €13.94 €16.14 €18.87 61
Multiples
P/E Multiple €4.41 €5.88 €7.35 63
P/S Multiple €0.2400 €0.3200 €0.4100 58
P/B Multiple €3.75 €5.00 €6.25 55
EV/Revenue €0.6300 €0.7300 €0.8300 43
Asset-Based
NCAV (Graham) €2.71 €3.64 €5.43 50
Growth DCF
Growth DCF €1.09 €1.26 €1.50 80
Economic Profit
Residual Income €3.84 €3.85 €3.42 76
Growth Earnings
Growth-Adj P/E €3.12 €4.46 €5.79 68

Widest divergence: Dividend Discount (€14.90) versus Multiples (€0.7300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €369K
Revenue growth (YoY) -97.7%
Net margin 226%
Return on equity 4.7%
Free cash flow €264K FY2025
P/E ratio 16.2
More key figures
Operating margin -1,191%
EPS (TTM) €0.2900
Dividend yield 12.0%
EPS growth (YoY) -81.7%
Net cash €1.1M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 60

Profitability 35
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 86
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

HF Company SA, a technology solutions integrator, engages in the design and distribution of products and services for the home digital life market in Asia, Europe, and the United States.

Full company description

HF Company SA, a technology solutions integrator, engages in the design and distribution of products and services for the home digital life market in Asia, Europe, and the United States. It develops and distributes a range of consumer xDSL products, such as ADSL filters and VDSL master filters, as well as equipment for professional xDSL networks; operates an independent laboratory for conformity, interoperability, and coexistence testing of equipment deployed by telecommunications operators in internet and domestic access networks; and offers smartgrid products and services. HF Company SA was founded in 1988 and is headquartered in Tours, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HF Company reported revenue of €369K in FY2025 versus €24.1M in FY2021, a compound −64.8%/yr. Reported net income was €835K in FY2025, compounding +4.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€369K
Latest YoY
−88.4%
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.
−61.4%
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.
−58.3%
Avg. growth/yr (19Y) 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.
−26.7%
Revenue −64.8%/yr
FY21 €24.1M
FY22 €6.4M
FY23 €5.5M
FY24 €3.2M
FY25 €369K
Net income +4.6%/yr
FY21 €698K
FY22 €532K
FY23 −€2.3M
FY24 −€1.6M
FY25 €835K

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Cite: Fair Value Calculator (2026). "HF Company Fair Value". https://www.fairvalue-calculator.com/stock/ALHF

Peer Group

Communication Equipment · 286 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 61 · Above median
Fair Value upside +10% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets -4% · Bottom 25%
Revenue growth -98% · Bottom 25%
Dividend yield (TTM) 13.2% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 14.3× · Cheaper than 75% of peers
P/B 0.89× · Cheaper than median
P/S (TTM) 37.01× · Pricier than 75% of peers
P/FCF 51.7× · Pricier than 75% of peers
PEG 4.17× · Pricier than 75% of peers

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 47 · sector 0
FUTURE 0 · sector 30
PAST 19 · sector 15
HEALTH 100 · sector 98
DIVIDEND 100 · sector 25

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 Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is HF Company (ALHF) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €4.51 versus a price of €4.10, about +10% (undervalued).
What is the fair value of ALHF?
Our model-based fair value for HF Company is €4.51 (as of Jul 15, 2026), built from audited fundamentals. The current price is €4.10.
What is the quality score of ALHF?
HF Company has a Quality Score of 61/100. 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 HF Company (ALHF)?
HF Company reported trailing-twelve-month revenue of about €369K (latest available figure, as of Jul 15, 2026).
Does HF Company pay a dividend?
HF Company currently shows a dividend yield of about 11.96% relative to its recent price (as of Jul 15, 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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