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Ikonisys S.A (ALIKO) Fair Value & Analysis

Healthcare · FR · Market cap €23.7M

IS Ikonisys S.A ALIKO · PA
Price€1.46
Fair Value€0.6000
Upside-58.9%
Quality32/100
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Mixed Growth
Loss-making · -193.9% net margin
Low debt · negative free cash flow
Trails peers (1/10)
Narrow moat 10/100
Evidence: Low Range €0.4500 – €0.9000 Share as image

Fair value as of: Jul 22, 2026

From 1 valuation models · updated 20 days ago

Fair value updated Jul 22, 2026, revised from €4.05 to €0.6000 (−85.2%) since Jun 25, 2026. Share price −2.7% over the past month.

Below-average quality, and screening another 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.9000). The favourable scenario is already priced in.
  • Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€0.4500 to €0.9000) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€4.59 €1.15 Fair Value €0.6000 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range €1.15 – €4.59 · fair‑value band €0.4500 – €0.9000 · the €1.46 price screens above the €0.6000 fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Ikonisys S.A (ALIKO) currently trades at €1.46, while our model-based Fair Value estimate is €0.6000, implying the stock looks roughly 58.9% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Healthcare 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: low).

Trailing-twelve-month revenue stands at €1.5M. Revenue grew 155.8% year over year. It earns a return on equity of -16.4%. Net debt stands at €4.1M. Fundamentals as of Jul 22, 2026

Our scenario range runs from €0.4500 (bear case) to €0.9000 (bull case); at €1.46, 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 21% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -22% fair-value upside, at -59%, ALIKO 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
NCAV (Graham) €0.4500 €0.6000 €0.9000 50
All 1 models by family
Asset-Based
NCAV (Graham) €0.4500 €0.6000 €0.9000 50

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Key figures & financial health

Revenue (TTM) €1.5M
Revenue growth (YoY) +156%
Net margin -194%
Return on equity -16.4%
Free cash flow −€1.4M FY2024
Operating margin -116%
More key figures
EPS (TTM) €-0.2300
Net debt €4.1M FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 31 · Market factors (momentum, volatility) 44

Profitability 1
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 15
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

Ikonisys S.A., a cell-based diagnostics company, develops, produces, and markets medical diagnostic products for early and accurate detection of cancer diseases in the United States and Europe.

Full company description

Ikonisys S.A., a cell-based diagnostics company, develops, produces, and markets medical diagnostic products for early and accurate detection of cancer diseases in the United States and Europe. It offers Ikoniscope Robotic Microscopes, including Ikoniscope20 that provides automated slide handling, slide scanning, and real-time image capture and analysis; and Ikoniscope20max that automates the fluorescence microscopy solution. The company also provides oncoFISH bladder that allows scanning and analysis of cells from a voided urine sample; oncoFISH her2, a microscopy application for the determination of the HER2 status of tissue sections from breast tissue biopsies; oncoFISH anaplastic lymphoma kinase (ALK), a microscopy application for the FISH based detection of gene rearrangements commonly associated with non-small cell lung carcinoma; oncoFISH PTEN, a microscopy application for the FISH based detection of deletions of the PTEN gene, which is prostate tissue biopsies; circulating tumor cells for characterization of individual tumor cells and ctDNA for global tumor genotype information; Ikonisoft explorer, a FISH scanning application for analysis of cell suspension deposited on a slide that has been hybridized with desired combination of FISH probes; and IkoniWAN Gateway, a validated remote access solution for Ikoniscope digital microscopy systems. In addition, it offers liquid biopsy/CTC bladder cancer detection and breast cancer early diagnostics products; CYTOfast vial solution for any type of cellular analysis; CYTOfast kit urine, a three day cytological urine test solution; CYTOfast PLUS, a liquid-phase processor that prepares thin-layer cytological samples from liquid-phase specimen; and Ikonisys intelligent application, a software designed to automatically quantify, qualify, and present cells for review and streamlining the diagnostic process. Ikonisys S.A. was incorporated in 2021 and is headquartered in Paris, France.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Ikonisys S.A reported revenue of €1.0M in FY2024 versus €99.8K in FY2020, a compound +78.4%/yr. Reported net income was −€3.2M in FY2024.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€1.0M
Latest YoY
+125.4%
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.
+40.4%
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.
+71.4%
Revenue +78.4%/yr
FY20 €99.8K
FY21 €365K
FY22 €935K
FY23 €449K
FY24 €1.0M
Net income
FY20 −€1.6M
FY21 −€571K
FY22 −€2.4M
FY23 −€2.3M
FY24 −€3.2M

ALIKO screens 59% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Ikonisys S.A Fair Value". https://www.fairvalue-calculator.com/stock/ALIKO

Peer Group

Medical Devices · 350 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 31 · Bottom 25%
Fair Value upside −59% · Below median
Return on assets -6% · Below median
Net margin (TTM) -194% · Bottom 25%
Operating margin (TTM) -116% · Bottom 25%
Revenue growth 156% · Top 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 1.92× · Pricier than median
P/S (TTM) 18.60× · 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 0 · sector 0
FUTURE 100 · sector 29
PAST 0 · sector 8
HEALTH 86 · sector 97
DIVIDEND 0 · sector 38

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

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Ikonisys S.A (ALIKO) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of €0.6000 versus a price of €1.46, about −59% (overvalued).
What is the fair value of ALIKO?
Our model-based fair value for Ikonisys S.A is €0.6000 (as of Jul 22, 2026), built from audited fundamentals. The current price is €1.46.
What is the quality score of ALIKO?
Ikonisys S.A has a Quality Score of 32/100. 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 Ikonisys S.A (ALIKO)?
Ikonisys S.A reported trailing-twelve-month revenue of about €1.5M (latest available figure, as of Jul 22, 2026).
What is the net profit margin of ALIKO?
The net profit margin of Ikonisys S.A is about -193.9%, meaning it is currently running at a net loss. 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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