ISPD Network S.A. (ALISP) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of ISPD Network S.A. €0.84, price €1.70, upside -50.4%, 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 €1.32 – €5.30 · fair‑value band €0.8200 – €0.8600 · the €1.70 price screens above the €0.8400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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ISPD Network, S.A. engages in performance and brand marketing activities in Spain, Europe, the United States, and Latin America.
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ISPD Network, S.A. engages in performance and brand marketing activities in Spain, Europe, the United States, and Latin America. The company provides online advertising and marketing services, as well as direct marketing services; consultancy and advisory services related to commercial communication companies; advertising and marketing services, online advertising, and e-commerce operation services; promotional services on the internet; and research, distribution, and provision of services in the fields of advertising and marketing on the internet. It is involved in creation, management, and development of internet portals and internet access service; and optimizes and improves the presence of brands, manufacturers, and distributors on digital platforms; and tools and services to plan, buy, measure, and deliver digital media, as well as engages in purchase and sale, exchange, provision of space for advertising and consultancy; publicity; and other related services. The company was formerly known as Antevenio, S.A. and changed its name to ISPD Network, S.A. in November 2021. ISPD Network, S.A. was incorporated in 1997 and is based in Madrid, Spain. ISPD Network, S.A. operates as a subsidiary of ISP Digital.
Stock analysis
ISPD Network S.A. (ALISP) currently trades at €1.70, while our model-based Fair Value estimate is €0.8400, implying the stock looks roughly 101.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €6.92 per share, and 10 of the 23 models we run sit above the €1.70 price.
Bear case: the Asset-Based group reads lowest at €0.1600, and 13 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: €0.8200 (bear) to €0.8600 (bull), the price of €1.70 sits above 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 Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ISPD Network S.A. reported revenue of €143M in FY2025 versus €106M in FY2021, a compound +7.9%/yr. Reported net income was €305K in FY2025, compounding −51.0%/yr from FY2021.
Key figures
Market cap €24.9M · P/E ratio 84.8 · P/S ratio 0.18 · EPS (TTM) €0.0200 · Net margin 0.2% · Return on equity 8.9% · Return on assets (EBIT) 4.6% · Operating margin 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 20% fair-value upside, at −50%, ALISP screens richer than that median.
Fair Value models
Bear €0.8200Fair Value €0.8400Bull €0.8600
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.0147 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.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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.1%
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.
+10.6%
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.
+21.4%
Start year 2020 (pandemic). Over 10 years: +20.1% a year
Revenue growth 20 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.
+17.3%
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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.
−43.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−43.5%
Dividend (yield on the price)0.0%
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.−44% vs −24%, slowing
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% → 0%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−25.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −27.0% a year for the 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.Advertising Agencies · 198 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−50% · Below median
Profitability
Return on equity (TTM)9% · Above median
Return on assets0% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)4% · Above median
Growth and dividend
Revenue growth−5% · Below median
Balance sheet
Debt / equity0.95× · Highest 25%
Valuation Multiplesvs Advertising Agencies median · lower = cheaper
P/E (TTM)84.8× · Priciest 25%
P/B7.86× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)0.20× · Cheapest 25%
P/FCF3.3× · Cheaper than median
EV/EBITDA7.5× · Cheaper than median
PEG0.19× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)0· sector 11
PAST (return on equity)36· sector 8
HEALTH (low debt)52· sector 98
DIVIDEND (yield)0· sector 59
VALUE 0: the price sits above our fair-value range.
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Is ISPD Network S.A. (ALISP) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €0.8400 versus a price of €1.70, about −50% upside (overvalued).
What is the fair value of ALISP?
Our model-based fair value for ISPD Network S.A. is €0.8400 (as of Sep 23, 2026), built from audited fundamentals. The current price: €1.70.
What is the quality score of ALISP?
ISPD Network S.A. 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 ISPD Network S.A. (ALISP)?
Our model-based price target is the fair value of €0.8400 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario €0.8200, optimistic scenario €0.8600. It is a calculation from audited fundamentals, not an analyst target.
What is the ISPD Network S.A. stock forecast for 2026?
Our models put fair value at €0.8400, about −50% upside versus a price of €1.70 (overvalued). Cautious scenario €0.8200, optimistic scenario €0.8600. The calculation is refreshed regularly with new filings.
What is the revenue of ISPD Network S.A. (ALISP)?
ISPD Network S.A. reported trailing-twelve-month revenue of about €144M (latest available figure, as of Sep 23, 2026).
What growth is priced into ISPD Network S.A. (ALISP)?
For today's price to be fair in a discounted-cash-flow model, ISPD Network S.A. would have to grow free cash flow by -25.4 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ALISP use?
Our models discount ISPD Network S.A. at 9.0 %: a base by market capitalisation (nano), damped by beta 0.22, 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 ISPD Network S.A. that is -25.4 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has ISPD Network S.A. (ALISP) delivered so far?
Over the past 5 years revenue at ISPD Network S.A. grew +21.4 % a year. The price currently implies -25.4 % 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 ISPD Network S.A. (ALISP) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into ISPD Network S.A. (-25.4 % 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 ISPD Network S.A. (ALISP)?
The free-cash-flow yield on the price is 34.59 %: that much free cash flow ISPD Network S.A. produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ISPD Network S.A. (ALISP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ISPD Network S.A. it is €0.8400 per share (as of Sep 23, 2026), against a price of €1.70. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is ISPD Network S.A. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALISP trades above its calculated fair value: price €1.70, fair value €0.8400, a gap of about −50% (overvalued). 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 ALISP?
No. The price is what the market pays today (€1.70); the fair value is what the company's own numbers justify (€0.8400). For ISPD Network S.A. the two are €0.8550 per share apart. That gap is exactly why we show both numbers side by side.
How much is ISPD Network S.A. worth?
The market values ISPD Network S.A. at about €24.9M (market capitalisation, as of Sep 23, 2026). Per share that is €1.70; our models calculate a fair value of €0.8400 per share.
What do the bullish and bearish scenarios say about ALISP?
Our models span a range for ISPD Network S.A.: cautious scenario €0.8200, base €0.8400, optimistic €0.8600 per share (as of Sep 23, 2026, price €1.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALISP?
ISPD Network S.A. trades at a price-to-earnings ratio of 84.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €0.8400 is built from several models across several years. Other multiples: PEG 0.2, P/B 7.9, P/S 0.2, EV/EBITDA 7.5.
What is the PEG ratio of ALISP?
The PEG ratio of ISPD Network S.A. is 0.19 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of ISPD Network S.A. (ALISP)?
Balance-sheet figures for ISPD Network S.A. (as of Sep 23, 2026): return on equity 8.9%, debt of 0.95 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is ALISP from its 52-week high?
ISPD Network S.A. trades at €1.70, about 22% below its 52-week high of €2.18 and 28% above the low of €1.32 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €0.8400 is for.
Which stocks are comparable to ISPD Network S.A.?
From the same area (Communication Services) we also value AppLovin Corporation, Publicis Groupe S.A, Omnicom Group, Focus Media Information Technology Co, 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 ISPD Network S.A. stock attractive at the current price?
The data as of Sep 23, 2026: price €1.70, calculated fair value €0.8400 (−50%), Quality Score 56/100, from 23 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 ALISP calculated?
We run ISPD Network S.A. through 23 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 €0.8400, 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. ISPD Network S.A. itself currently trades above fair value. 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 ISPD Network S.A. (ALISP)?
The closing price on Sep 24, 2026 was €1.70. Our model-based fair value is €0.8400, about −50% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ISPD Network S.A. right now?
The price sits above even our optimistic bull case (€0.8600). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€0.8200 to €0.8600), unusually little disagreement for a valuation.
Where does the earnings growth of ISPD Network S.A. (ALISP) come from?
Earnings per share at ISPD Network S.A. grew −5.9 % a year from 2015 to 2025. Broken into its drivers: revenue per share +16.7 %, EBIT margin −15.1 %, tax rate −4.6 %, residual (interest, one-offs) −0.5 %. 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 ISPD Network S.A.
How large is the market capitalisation of ISPD Network S.A. (ALISP)?
The market capitalisation of ISPD Network S.A. is €24.9M. 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 ISPD Network S.A. (ALISP)?
The price-to-sales ratio of ISPD Network S.A. is 0.18 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ISPD Network S.A. (ALISP)?
Earnings per share at ISPD Network S.A. are €0.0200 (price ÷ EPS = P/E 84.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ISPD Network S.A. (ALISP)?
The net margin of ISPD Network S.A. is 0.2% (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 ISPD Network S.A. (ALISP)?
The return on equity (ROE) of ISPD Network S.A. is 8.9% (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 ISPD Network S.A. (ALISP)?
On an EBIT basis the return on assets of ISPD Network S.A. is 4.6% (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 ISPD Network S.A. (ALISP)?
The operating margin of ISPD Network S.A. is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ISPD Network S.A. (ALISP)?
Revenue at ISPD Network S.A. is growing −5.4% versus a year earlier (3y avg +10.6%). 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 ISPD Network S.A. (ALISP)?
Earnings per share at ISPD Network S.A. are growing −27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ISPD Network S.A. (ALISP) carry?
The net debt of ISPD Network S.A. is €1.9M (fiscal year 2025, ≈ 0.2 yrs of FCF). 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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