Mare Nostrum (ALMAR) Fair Value & Analysis
Industrials · FR · Market cap €4.1M · ISIN FR0013400835
Strengths
Risks
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 15 days ago
Fair value updated Aug 13, 2026, revised from €0.5151 to €0.5052 (−1.9%) since Jul 16, 2026. Share price +10.0% over the past month.
A solid business, but trading 22% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (€0.5684). The favourable scenario is already priced in.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range €0.2020 – €3.42 · fair‑value band €0.4134 – €0.5684 · the €0.6140 price screens above the €0.5052 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Mare Nostrum (ALMAR) currently trades at €0.6140, while our model-based Fair Value estimate is €0.5052, implying the stock looks roughly 17.7% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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: medium).
Over the trailing twelve months, Mare Nostrum generated revenue of €110M at a net margin of 21.3%. Revenue grew 0.1% year over year. The stock trades on a trailing P/E of 0.3. Fundamentals as of Aug 13, 2026
Our scenario range runs from €0.4134 (bear case) to €0.5684 (bull case); at €0.6140, 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 49% below its 52-week high and 112% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 22% fair-value upside, at -18%, ALMAR 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.
All 16 models by family
Widest divergence: Growth Earnings (€0.9658) versus Asset-Based (€0.0013). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 45
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Mare Nostrum SA provides human resources management services worldwide. It offers temporary work, recruitment, and training services, as well as wage portage and professional mobility services. Mare Nostrum SA was incorporated in 2004 and is headquartered in Grenoble, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mare Nostrum reported revenue of €110M in FY2025 versus €156M in FY2021, a compound −8.4%/yr. Reported net income was €23.4M in FY2025.
ALMAR screens 18% overvalued. Compare with Adecco Group →
Peer Group
Staffing & Employment Services · 84 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.
Valuation Multiples vs Staffing & Employment Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adecco Group ADEN | CHF 24.16 | CHF 24.08 | -0% |
| Korn Ferry, KFY | $83.30 | $114.56 | +38% |
| Robert Half Inc RHI | $44.54 | $20.51 | -54% |
| TriNet Group TNET | $69.61 | $97.07 | +39% |
| ManpowerGroup Inc MAN | $61.96 | $23.19 | -63% |
| Insperity, Inc NSP | $51.91 | $17.34 | -67% |
| FESCO Group 600861 | ¥13.02 | ¥45.46 | +249% |
| Grupa Pracuj S.A GPP | 53.50 PLN | 65.45 PLN | +22% |
| Barrett Business Services, Inc BBSI | $32.95 | $38.11 | +16% |
| Maharah for Human Resources Company 1831 | 5.36 SAR | 6.87 SAR | +28% |
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Frequently asked questions
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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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