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Data-driven stock valuation

ISPD Network S.A. (ALISP) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of ISPD Network S.A. stock €0.84, price €0.90, that is 7.1% below the price, quality 55 out of 100. Rating: fairly valued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.

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Communication Services FR · Home Spain · ISIN ES0109429037

IN ISPD Network S.A. logo Some data Nov 3, 2026

ISPD Network S.A.

ALISP · PA
Fairly valued, sideways

The stock costs about what our calculation considers fair.

Revenue last quarter +18% vs. a year ago.
Fair value €0.8400 · Fairly valued
Quality 55/100
Mixed Growth (revenue 5y +21.4 %/yr in EUR)
Thin margins · 0.0% net margin (TTM)
Moderate debt
Some data
Negative free cash flow over the last twelve months
Trails peers (3/10)
Narrow moat 17/100 · thin data
⚠ Thinly traded⚠ Small free float
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€4.98 €0.8300 Fair Value €0.8400 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range €0.8300 – €4.98 · fair‑value band €0.8200 – €0.8600 · the €0.9040 price screens above the €0.8400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

ISPD Network, S.A. engages in performance and brand marketing activities in Spain, Europe, the United States, and Latin America.

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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 €0.9040, while our model-based Fair Value estimate is €0.8400, so the stock looks roughly fairly valued today (gap 7.6%).

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Valuation

Bull case: the DCF Models group reads highest at a median of €6.37 per share, and 11 of the 22 models we run sit above the €0.9040 price.

Bear case: the Multiples group reads lowest at €0.3500, and 11 of the 22 models stay below the price. Data coverage for this calculation is medium.

Scenario range: €0.8200 (bear) to €0.8600 (bull), the price of €0.9040 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 55/100 (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 €13.3M Micro · P/E ratio 71.0 · P/S ratio 0.15 · Net margin 0.0% · Return on equity −6.9% · Return on assets (EBIT) 4.6% (5-year average) · Operating margin −2.6% · Revenue (TTM) €154M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at −7%, ALISP screens richer than that median.

Fair Value models

Bear €0.8200 Fair Value €0.8400 Bull €0.8600
Price €0.9040 · Downside -7.1%
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. 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.
Best data coverage
5Y EBITDA Exit €4.12 €5.65 €7.43 76
FCF DCF €9.70 €17.40 €36.80 75
Growth DCF €9.45 €18.47 €32.72 75
All 22 models by family
DCF Models
FCF DCF €9.70 €17.40 €36.80 75
Owner Earnings €2.01 €3.37 €5.99 74
5Y Revenue Exit €3.56 €4.42 €5.29 74
5Y EBITDA Exit €4.12 €5.65 €7.43 76
5Y P/E Exit €3.63 €4.56 €5.48 72
10Y Revenue Exit €5.44 €7.08 €9.18 68
10Y EBITDA Exit €5.83 €8.02 €11.11 69
10Y P/E Exit €5.49 €7.18 €9.36 65
Earnings-Based
Graham-Dodd €0.1400 €0.8200 €1.15 63
Lynch FV €0.2300 €0.3300 €0.4300 61
PEG = 1.0 €0.2300 €0.3300 €0.4300 57
EPV €0.8200 €0.8400 €0.8600 74
Multiples
P/E Multiple €0.3400 €0.4600 €0.5700 63
P/S Multiple €0.2600 €0.3500 €0.4400 58
EV/EBIT €0.1800 €0.2800 €0.3800 65
EV/EBITDA €0.9600 €1.32 €1.68 67
EV/Revenue €0.1000 €0.2000 €0.3000 51
Growth DCF
Growth DCF €9.45 €18.47 €32.72 75
Rev-Margin DCF €3.56 €4.53 €5.86 74
Economic Profit
Residual Income €0.2100 €0.2200 €0.2600 71
ROIC Compounder €0.8200 €0.8400 €0.8600 72
Growth Earnings
Growth-Adj P/E €0.3500 €0.5000 €0.6500 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 55/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 55
How much profit the company makes from its sales and capital
Quality Growth 34
Are margins and returns getting better?
Cashflow 63
Do the profits arrive as real cash?
Financial strength 20
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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%
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.−43.5% vs −23.6%, 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%
Pace: the 5-year rate starts in 2020 (pandemic)

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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 · 170 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside −7.1% · Below median
Profitability
Return on assets 0.4% · Below median
Net margin (12 months) 0.0% · Below median
Operating margin (12 months) −2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY) 18.1% · Top 25%
Balance sheet
Debt / equity 0.95× · Highest 25%

Valuation Multiplesvs Advertising Agencies median · lower = cheaper

P/E (12 months) 71.0× · Priciest 25%
PEG 0.19× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)24 · sector 38
FUTURE (revenue growth)91 · sector 15
PAST (return on equity)0 · sector 7
HEALTH (low debt)52 · sector 98
DIVIDEND (yield)0 · sector 53

Context: sector, industry, market

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

Similar stocks

10 more Advertising Agencies stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
The Trade Desk, Inc TTD $12.93 $38.79 +200% vs ALISP
Publicis Groupe S.A PUB €102.95 €145.63 +41% vs ALISP
Omnicom Group OMC $86.37 $113.06 +31% vs ALISP
AppLovin Corporation APP $391.22 $430.34 +10% vs ALISP
Focus Media Information Technology Co 002027 ¥5.55 ¥6.11 +10% vs ALISP
Magnite, Inc MGNI $27.39 $30.13 +10% vs ALISP
JCDecaux SE DEC €26.66 €20.99 −21% vs ALISP
Easy Click Worldwide Network Technology Co 301171 ¥34.54 ¥11.05 −68% vs ALISP
Leo Group 002131 ¥4.26 ¥1.06 −75% vs ALISP
Stagwell Inc STGW $11.64 $2.62 −77% vs ALISP

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ISPD Network S.A.: fair value per Fair Value Calculator

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

Frequently asked questions

Is ISPD Network S.A. (ALISP) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €0.8400 versus a price of €0.9040, about 7% lower (fairly valued).
What is the fair value of ALISP?
Our model-based fair value for ISPD Network S.A. is €0.8400 (as of Nov 3, 2026), built from audited fundamentals. The current price: €0.9040.
What is the quality score of ALISP?
ISPD Network S.A. has a Quality Score of 55/100. 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 Nov 3, 2026) from 22 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 7% lower versus a price of €0.9040 (fairly valued). 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 €154M (latest available figure, as of Nov 3, 2026).
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 Nov 3, 2026), against a price of €0.9040. It is the blended result of 22 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is ISPD Network S.A. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, ALISP trades above its calculated fair value: price €0.9040, fair value €0.8400, a gap of about −7% (fairly valued). 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 (€0.9040); the fair value is what the company's own numbers justify (€0.8400). For ISPD Network S.A. the two are €0.0640 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 €13.3M (market capitalisation, as of Nov 3, 2026). Per share that is €0.9040; 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 Nov 3, 2026, price €0.9040). 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 71.0 (as of Nov 3, 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. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 13.9. Other multiples: PEG 0.2.
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 Nov 3, 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 Nov 3, 2026): return on equity −6.9%, debt of 0.95 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is ALISP from its 52-week high?
ISPD Network S.A. trades at €0.9040, about 59% below its 52-week high of €2.18 and 9% above the low of €0.8300 (as of Nov 6, 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 Nov 3, 2026: price €0.9040, calculated fair value €0.8400 (−7%), Quality Score 55/100, from 22 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 22 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €0.8400 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. 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 Nov 6, 2026 was €0.9040. Our model-based fair value is €0.8400, about 7% lower (fairly valued). 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. The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 €13.3M. 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 0.15 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of ISPD Network S.A. (ALISP)?
The net margin of ISPD Network S.A. is 0.0% (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 ISPD Network S.A. (ALISP)?
The return on equity (ROE) of ISPD Network S.A. is −6.9% (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 −2.6% (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 +18.1% 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 free cash flow does ISPD Network S.A. (ALISP) generate?
The free cash flow of ISPD Network S.A. is €8.6M (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 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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