Sapmer (ALMER) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Sapmer stock €10.53, price €4.82, upside +118.5%, quality 29 out of 100. Rating: strongly undervalued. Calculated from audited financials with 3 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range €4.02 – €16.80 · fair‑value band €6.44 – €18.05 · the €4.82 price screens below the €10.53 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. As of Nov 4, 2026.
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Sapmer SA operates as a fishing company in France. The company offers Patagonian toothfish, saint paul rock lobster, and tropical tuna products. It serves wholesalers, hotels/restaurants, and individuals. Sapmer SA was founded in 1947 and is headquartered in Le Port, France.
Stock analysis
Sapmer (ALMER) currently trades at €4.82, while our model-based Fair Value estimate is €10.53, implying the stock looks roughly 54% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €13.23 per share, and 2 of the 3 models we run sit above the €4.82 price.
Bear case: the Asset-Based group reads lowest at €2.67, and 1 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: €6.44 (bear) to €18.05 (bull), the price of €4.82 sits below 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 29/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sapmer reported revenue of €93.9M in FY2025 versus €148M in FY2021, a compound −10.7%/yr. Reported net income was −€18.3M in FY2025.
Key figures
Market cap €29.4M Micro · P/S ratio 0.34 · EPS (TTM) €−3.07 · Net margin −19.4% · Return on equity −58.5% · Return on assets (EBIT) −6.7% (5-year average) · Operating margin 13.6% · Revenue (TTM) €85.1M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 118%, ALMER screens cheaper than that median.
Fair Value models
Bear€6.44Fair Value €10.53Bull€18.05
Price €4.82 · Upside +118.5%
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.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.6%
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.
−16.8%
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.
−3.6%
Start year 2020 (pandemic). Over 10 years: +0.7% a year
Revenue growth 18 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.
+6.6%
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Profit margin (trend) ⓘ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.
−19.0% (2020) → −22.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Packaged Foods · 625 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside+118.5% · Top 25%
Profitability
Return on assets−18.2% · Bottom 25%
Net margin (12 months)−39.0% · Bottom 25%
Operating margin (12 months)13.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−46.8% · Bottom 25%
Balance sheet
Debt / equity1.29× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sapmer Fair Value". https://www.fairvalue-calculator.com/stock/ALMER
Frequently asked questions
Is Sapmer (ALMER) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €10.53 versus a price of €4.82, about +118% upside (undervalued).
What is the fair value of ALMER?
Our model-based fair value for Sapmer is €10.53 (as of Nov 4, 2026), built from audited fundamentals. The current price: €4.82.
What is the quality score of ALMER?
Sapmer has a Quality Score of 29/100. 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 Sapmer (ALMER)?
Our model-based price target is the fair value of €10.53 (as of Nov 4, 2026) from 3 valuation models. Cautious scenario €6.44, optimistic scenario €18.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Sapmer stock forecast for 2026?
Our models put fair value at €10.53, about +118% upside versus a price of €4.82 (undervalued). Cautious scenario €6.44, optimistic scenario €18.05. The calculation is refreshed regularly with new filings.
What is the revenue of Sapmer (ALMER)?
Sapmer reported trailing-twelve-month revenue of about €85.1M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Sapmer (ALMER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sapmer it is €10.53 per share (as of Nov 4, 2026), against a price of €4.82. It is the blended result of 3 valuation models in 3 families (DCF Models, Multiples, Asset-Based).
Is Sapmer stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ALMER trades below its calculated fair value: price €4.82, fair value €10.53, a gap of about +118% (undervalued). 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 ALMER?
No. The price is what the market pays today (€4.82); the fair value is what the company's own numbers justify (€10.53). For Sapmer the two are €5.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sapmer worth?
The market values Sapmer at about €29.4M (market capitalisation, as of Nov 4, 2026). Per share that is €4.82; our models calculate a fair value of €10.53 per share.
What do the bullish and bearish scenarios say about ALMER?
Our models span a range for Sapmer: cautious scenario €6.44, base €10.53, optimistic €18.05 per share (as of Nov 4, 2026, price €4.82). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sapmer (ALMER)?
Balance-sheet figures for Sapmer (as of Nov 4, 2026): return on equity −58.5%, debt of 1.29 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is ALMER from its 52-week high?
Sapmer trades at €4.82, about 20% below its 52-week high of €6.00 and 20% above the low of €4.02 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €10.53 is for.
Which stocks are comparable to Sapmer?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Sapmer stock attractive at the current price?
The data as of Nov 4, 2026: price €4.82, calculated fair value €10.53 (+118%), Quality Score 29/100, from 3 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 ALMER calculated?
We run Sapmer through 3 models from 3 families: DCF Models, Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of €10.53 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. Sapmer currently trades 54% below its own fair value, and the market average says nothing about that. 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 Sapmer (ALMER)?
The closing price on Nov 9, 2026 was €4.82. Our model-based fair value is €10.53, about +118% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sapmer right now?
The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€6.44). The market is more pessimistic than our downside scenario. The model range is unusually wide (€6.44 to €18.05). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Sapmer
How large is the market capitalisation of Sapmer (ALMER)?
The market capitalisation of Sapmer is €29.4M. 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 Sapmer (ALMER)?
The price-to-sales ratio of Sapmer is 0.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sapmer (ALMER)?
Earnings per share at Sapmer are €−3.07. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sapmer (ALMER)?
The net margin of Sapmer is −19.4% (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 Sapmer (ALMER)?
The return on equity (ROE) of Sapmer is −58.5% (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 Sapmer (ALMER)?
On an EBIT basis the return on assets of Sapmer is −6.7% (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 Sapmer (ALMER)?
The operating margin of Sapmer is 13.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sapmer (ALMER)?
Revenue at Sapmer is growing −46.8% versus a year earlier (3y avg −16.8%). 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 Sapmer (ALMER)?
Earnings per share at Sapmer are growing −88.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sapmer (ALMER) generate?
The free cash flow of Sapmer is −€2.0M (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 Sapmer (ALMER) carry?
The net debt of Sapmer is €37.1M (fiscal year 2025). 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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Thin data
Nov 4, 2026