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MGI Digital Technology Société Anonyme (ALMDG) Fair Value & Analysis

Technology · FR · Market cap €65.3M

MD MGI Digital Technology Société Anonyme ALMDG · PA
Price€10.00
Fair Value€18.52
Upside+85.2%
Quality40/100
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Expensive Growth
Thin margins · 10.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 40/100
Evidence: High Range €13.89 – €23.15 Share as image

Fair value as of: Jul 19, 2026

From 17 valuation models · updated 22 days ago

Share price −7.2% over the past month.

Below-average quality, screening 85% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€13.89). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

€47.90 €8.20 Fair Value €18.52 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €8.20 – €47.90 · fair‑value band €13.89 – €23.15 · the €10.00 price screens below the €18.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

MGI Digital Technology Société Anonyme (ALMDG) currently trades at €10.00, while our model-based Fair Value estimate is €18.52, implying the stock looks roughly 85.2% undervalued today. The Quality Score stands at 40/100 (below-average 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.

Over the trailing twelve months, MGI Digital Technology Société Anonyme generated revenue of €66.9M at a net margin of 10.0%. Revenue declined 32.2% year over year. It earns a return on equity of 4.5%. The balance sheet holds a net cash position of €7.3M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €13.89 (bear case) to €23.15 (bull case); at €10.00, the current price sits below 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 36% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 85%, ALMDG 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
Residual Income €16.11 €15.28 €12.21 76
ROIC Compounder €6.45 €7.08 €7.59 72
Gordon GGM €0.7300 €1.22 €1.58 70
All 17 models by family
DCF Models
Owner Earnings €4.18 €7.04 €12.03 31
Earnings-Based
Graham-Dodd €7.41 €51.66 €72.49 54
Lynch FV €26.69 €38.12 €49.56 50
PEG = 1.0 €26.69 €38.12 €49.56 46
EPV €6.45 €7.08 €7.59 59
Dividend Discount
Gordon GGM €0.7300 €1.22 €1.58 70
DDM Multi-Stage €0.7300 €1.15 €1.31 61
Multiples
P/E Multiple €16.34 €21.79 €27.23 63
P/S Multiple €13.89 €18.52 €23.15 58
P/B Multiple €13.89 €18.52 €23.15 55
EV/EBIT €12.21 €15.88 €19.54 53
EV/EBITDA €16.75 €21.94 €27.12 54
EV/Revenue €8.62 €11.80 €14.98 43
Asset-Based
NCAV (Graham) €11.93 €15.99 €23.86 50
Economic Profit
Residual Income €16.11 €15.28 €12.21 76
ROIC Compounder €6.45 €7.08 €7.59 72
Growth Earnings
Growth-Adj P/E €34.39 €49.13 €63.86 68

Widest divergence: Growth Earnings (€49.13) versus Dividend Discount (€1.15). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €66.9M
Revenue growth (YoY) -32.2%
Net margin 10.0%
Return on equity 4.5%
Free cash flow −€6.4M FY2025
P/E ratio 9.8
More key figures
Operating margin 12.8%
EPS (TTM) €1.09
EPS growth (YoY) -57.9%
Net cash €7.3M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 41 · Market factors (momentum, volatility) 36

Profitability 29
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 71
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

MGI Digital Technology Société Anonyme engages in manufacturing of digital printing and finishing presses in France and internationally.

Full company description

MGI Digital Technology Société Anonyme engages in manufacturing of digital printing and finishing presses in France and internationally. The company's products include AlphaJET, a factory 4.0 solution for the printing and packaging sector; JETvarnish 3D Evo, a solution for offset and digital printers; JETvarnish 3D, a digital selective varnishing and hot foil stamping solution; JETVARNISH 3DS, a selective varnish and hot foil stamping finishing solution; JETvarnish 3D One that uses one type of coating to produce 2D or 3D tactile coatings in fixed or variable data; JETvarnish 3D Web, a first digital reel-to-reel finishing press; and JETvarnish 3D Web 400, a digital finishing, selective varnish, hot foil stamping & variable data in a single pass. It also provides PressCard Pro, an industrial lamination presses for various plastic, synthetic and paper substrates; PunchCard Pro, a hydraulic and semi-automatic cutting unit; and MGI Connect, which provides online service to get the most out of the MGI equipment. It also serves commercial printing, edition, packaging, web to print, photo prints, subcontracting, adhesive labels, film and sleeves markets. MGI Digital Technology Société Anonyme was incorporated in 1982 and is headquartered in Fresnes, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MGI Digital Technology Société Anonyme reported revenue of €58.1M in FY2025 versus €38.8M in FY2021, a compound +10.6%/yr. Reported net income was €6.7M in FY2025, compounding +5.0%/yr from FY2021.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€58.1M
Latest YoY
−14.1%
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.
+7.6%
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.
+10.6%
Avg. growth/yr (22Y) 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.
+12.6%
Revenue +10.6%/yr
FY21 €38.8M
FY22 €46.6M
FY23 €48.0M
FY24 €67.6M
FY25 €58.1M
Net income +5.0%/yr
FY21 €5.5M
FY22 €7.3M
FY23 €8.2M
FY24 €11.0M
FY25 €6.7M

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Cite: Fair Value Calculator (2026). "MGI Digital Technology Société Anonyme Fair Value". https://www.fairvalue-calculator.com/stock/ALMDG

Peer Group

Computer Hardware · 215 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 40 · Bottom 25%
Fair Value upside +85% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -32% · Bottom 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than 75% of peers
P/B 0.52× · Cheaper than 75% of peers
P/S (TTM) 1.13× · Pricier than median
EV/EBITDA 6.8× · Cheaper 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 100 · sector 0
FUTURE 0 · sector 57
PAST 18 · sector 26
HEALTH 92 · sector 97
DIVIDEND 0 · sector 44

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is MGI Digital Technology Société Anonyme (ALMDG) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €18.52 versus a price of €10.00, about +85% (undervalued).
What is the fair value of ALMDG?
Our model-based fair value for MGI Digital Technology Société Anonyme is €18.52 (as of Jul 19, 2026), built from audited fundamentals. The current price is €10.00.
What is the quality score of ALMDG?
MGI Digital Technology Société Anonyme has a Quality Score of 40/100. 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 MGI Digital Technology Société Anonyme (ALMDG)?
MGI Digital Technology Société Anonyme reported trailing-twelve-month revenue of about €66.9M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ALMDG?
The net profit margin of MGI Digital Technology Société Anonyme is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. 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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