MUNIC S.A (ALMUN) Fair Value & Analysis
Technology · FR · Market cap €4.3M
Fair value as of: Jul 15, 2026
From 10 valuation models · updated 26 days ago
Fair value updated Jul 15, 2026, revised from €0.3931 to €0.3909 (−0.6%) since Jun 25, 2026. Share price −9.3% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from €0.2886 (bear) to €0.4932 (bull), base €0.3909. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 50/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range €0.4040 – €4.49 · fair‑value band €0.2886 – €0.4932 · the €0.4300 price screens above the €0.3909 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
MUNIC S.A (ALMUN) currently trades at €0.4300, while our model-based Fair Value estimate is €0.3909, implying the stock looks roughly 9.1% fairly valued today. The Quality Score stands at 50/100 (solid quality), in the Technology 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, MUNIC S.A generated revenue of €14.0M at a net margin of 1.7%. Revenue grew 42.1% year over year. It earns a return on equity of 2.1%. Net debt stands at €1.3M. Fundamentals as of Jul 15, 2026
Our scenario range runs from €0.2886 (bear case) to €0.4932 (bull case); at €0.4300, the current price sits within 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 62% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -9%, ALMUN 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.
All 10 models by family
Widest divergence: Asset-Based (€0.8200) versus Growth DCF (€0.4700). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 21
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
MUNIC S.A. operates as a vehicle data collection, processing, and monetization company in Europe and North America. Its product portfolio includes Munic Max, a hardwired telematics device; Munic V6, 2G, 3G and 4G, and catM OBD dongles; C4 Dongle V8, V8+, and DoIP; C4Max and C4Flex V8; C4RMax and C4RFlex V8; UDK4IoT; Munic V6+ and V7+, an 4G cat 4 and WiFi …
Full company description
MUNIC S.A. operates as a vehicle data collection, processing, and monetization company in Europe and North America. Its product portfolio includes Munic Max, a hardwired telematics device; Munic V6, 2G, 3G and 4G, and catM OBD dongles; C4 Dongle V8, V8+, and DoIP; C4Max and C4Flex V8; C4RMax and C4RFlex V8; UDK4IoT; Munic V6+ and V7+, an 4G cat 4 and WiFi hotspot OBD dongles. The company also operates Munic.io, a car data, edge computing, and application platform, which includes processing and telematics application development and aggregation platform; and offers catalogue of application and technical module for various verticals of connected vehicles. In addition, it provides car dealership, insurance, fleet, affinity marketing, remote diagnostic, leasing, OEM, vehicle inspection, and driver service solutions. The company was founded in 2002 and is headquartered in Villejuif, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MUNIC S.A reported revenue of €11.2M in FY2025 versus €19.3M in FY2021, a compound −12.7%/yr. Reported net income was −€229K in FY2025.
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Peer Group
Software - Infrastructure · 371 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 Software - Infrastructure 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.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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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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