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Netmedia Group S.A. (ALNMG) Fair Value & Analysis

Communication Services · FR · Market cap €2.0M

NG Netmedia Group S.A. ALNMG · PA
Price€0.4680
Fair Value€1.19
Upside+155.0%
Quality33/100
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Strengths

Trades 155% below our fair value of €1.19

Risks

!Expensive Growth
!Loss-making · -6.2% net margin
!Moderate debt · negative free cash flow
!Mixed vs. peers (6/12)
Expensive Growth
Loss-making · -6.2% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 22/100
Evidence: Low Range €0.8000 – €1.59 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 8 days ago

Share price +4.0% over the past month.

Below-average quality, screening 155% undervalued on our models.

What runs behind every stock

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

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What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€0.8000). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€0.8000 to €1.59) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€27.20 €0.4320 Fair Value €1.19 Jun 2021 Aug 2026

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 €0.4320 – €27.20 · fair‑value band €0.8000 – €1.59 · the €0.4680 price screens below the €1.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Netmedia Group S.A. (ALNMG) currently trades at €0.4680, while our model-based Fair Value estimate is €1.19, implying the stock looks roughly 155.0% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Communication Services 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: low), always confirm before acting.

Over the trailing twelve months, Netmedia Group S.A. generated revenue of €16.4M at a net margin of -6.2%. Revenue declined 24.7% year over year. It earns a return on equity of -80.4%. Net debt stands at €3.7M. Fundamentals as of Aug 13, 2026

Our scenario range runs from €0.8000 (bear case) to €1.59 (bull case); at €0.4680, 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 66% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at 155%, ALNMG 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
ROIC Compounder €0.8600 €1.10 €1.34 72
EPV €0.8400 €1.01 €1.15 59
EV/EBITDA €2.37 €3.36 €4.35 54
All 6 models by family
Earnings-Based
EPV €0.8400 €1.01 €1.15 59
Multiples
EV/EBIT €2.08 €2.97 €3.86 53
EV/EBITDA €2.37 €3.36 €4.35 54
EV/Revenue €1.43 €2.30 €3.17 43
Asset-Based
NCAV (Graham) €0.3100 €0.4100 €0.6200 50
Economic Profit
ROIC Compounder €0.8600 €1.10 €1.34 72

Widest divergence: Multiples (€2.97) versus Asset-Based (€0.4100). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €16.4M
Revenue growth (YoY) -24.7%
Net margin -6.2%
Return on equity -80.4%
Free cash flow −€3.2M FY2025
Operating margin 8.3%
More key figures
EPS (TTM) €-0.2500
Net debt €3.7M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 33 · Market factors (momentum, volatility) 19

Profitability 31
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 0
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

NetMedia Group société anonyme imagines, optimizes, organizes, and deploys communication devices in digital platforms, social media, brand content, marketing activations, and print and video. It also provides consulting services.

Full company description

NetMedia Group société anonyme imagines, optimizes, organizes, and deploys communication devices in digital platforms, social media, brand content, marketing activations, and print and video. It also provides consulting services. The company was formerly known as Makheia Group Société anonyme and changed its name to NetMedia Group société anonyme in March 2023. NetMedia Group société anonyme is headquartered in Boulogne-Billancourt, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Netmedia Group S.A. reported revenue of €16.4M in FY2025 versus €9.7M in FY2021, a compound +13.9%/yr. Reported net income was −€1.0M in FY2025.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€16.4M
Latest YoY
−19.2%
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.
+50.0%
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.
+10.8%
Avg. growth/yr (16Y) 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.
−3.1%
Revenue +13.9%/yr
FY21 €9.7M
FY22 €4.9M
FY23 €23.2M
FY24 €20.3M
FY25 €16.4M
Net income
FY21 −€340K
FY22 −€124K
FY23 −€4.7M
FY24 −€1.7M
FY25 −€1.0M

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Cite: Fair Value Calculator (2026). "Netmedia Group S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ALNMG

Peer Group

Advertising Agencies · 205 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 33 · Bottom 25%
Fair Value upside +155% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) -6% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -25% · Bottom 25%
Debt / equity 1.38× · Higher than 75% of peers

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/B 0.90× · Cheaper than median
P/S (TTM) 0.15× · Cheaper than 75% of peers
EV/EBITDA 4.9× · Cheaper than median
PEG 7.01× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 21
FUTURE0 · sector 3
PAST0 · sector 5
HEALTH31 · sector 99
DIVIDEND0 · sector 56

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 (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $303.76 $252.45 -17%
Publicis Groupe S.A PUB €99.98 €146.36 +46%
Omnicom Group OMC $85.51 $99.84 +17%
Focus Media Information Technology Co 002027 ¥5.29 ¥5.71 +8%
The Trade Desk, Inc TTD $13.49 $29.07 +115%
JCDecaux SE DEC €24.00 €20.99 -13%
Easy Click Worldwide Network Technology Co 301171 ¥37.40 ¥5.62 -85%
Affle (India) Limited AFFLE ₹1,711 ₹591.41 -65%
Mobvista Inc 1860 HK$11.04 HK$6.43 -42%
Guangdong Advertising Group 002400 ¥6.48 ¥1.14 -82%

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Frequently asked questions

Is Netmedia Group S.A. (ALNMG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €1.19 versus a price of €0.4680, about +155% (undervalued).
What is the fair value of ALNMG?
Our model-based fair value for Netmedia Group S.A. is €1.19 (as of Aug 13, 2026), built from audited fundamentals. The current price: €0.4680.
What is the quality score of ALNMG?
Netmedia Group S.A. has a Quality Score of 33/100. 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 Netmedia Group S.A. (ALNMG)?
Netmedia Group S.A. reported trailing-twelve-month revenue of about €16.4M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ALNMG?
The net profit margin of Netmedia Group S.A. is about -6.2%, meaning it is currently running at a net loss. 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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