Piscines Desjoyaux SA (ALPDX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Piscines Desjoyaux SA €8.80, price €11.25, upside -21.8%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €9.37 – €23.58 · fair‑value band €7.78 – €8.80 · the €11.25 price screens above the €8.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Piscines Desjoyaux SA designs, manufactures, and markets swimming pools and related products worldwide. It provides private family swimming pools that include basic ready-to-install kits and equipped luxury swimming pools; and swimming pool equipment and services. The company was founded in 1966 and is headquartered in La Fouillouse, France.
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Piscines Desjoyaux SA designs, manufactures, and markets swimming pools and related products worldwide. It provides private family swimming pools that include basic ready-to-install kits and equipped luxury swimming pools; and swimming pool equipment and services. The company was founded in 1966 and is headquartered in La Fouillouse, France. Piscines Desjoyaux SA operates as a subsidiary of Desjoyaux Finance SAS.
Stock analysis
Piscines Desjoyaux SA (ALPDX) currently trades at €11.25, while our model-based Fair Value estimate is €8.80, implying the stock looks roughly 27.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €14.32 per share, and 6 of the 14 models we run sit above the €11.25 price.
Bear case: the Earnings-Based group reads lowest at €7.60, and 8 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: €7.78 (bear) to €8.80 (bull), the price of €11.25 sits above 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 51/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Piscines Desjoyaux SA reported revenue of €97.7M in FY2025 versus €161M in FY2021, a compound −11.7%/yr. Reported net income was €6.0M in FY2025, compounding −30.4%/yr from FY2021.
Key figures
Market cap €113M · P/E ratio 19.7 · P/S ratio 1.21 · EPS (TTM) €0.5700 · Dividend yield 5.9% · Net margin 6.1% · Return on equity 4.7% · Return on assets (EBIT) 12.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 38% fair-value upside, at −22%, ALPDX screens richer than that median.
Fair Value models
Bear €7.78Fair Value €8.80Bull €8.80
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.6%
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.
−15.3%
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.
−3.2%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 25 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.
−4.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.6%
Dividend (yield on the price)5.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−16% vs 6%, slowing
Profit margin 2020 to 2025 ⓘ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.18% → 8%
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.Leisure · 189 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−22% · Below median
Profitability
Return on equity (TTM)5% · Below median
Return on assets3% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)−4% · Below median
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)5.9% · Top 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Leisure median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Piscines Desjoyaux SA Fair Value". https://www.fairvalue-calculator.com/stock/ALPDX
Frequently asked questions
Is Piscines Desjoyaux SA (ALPDX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €8.80 versus a price of €11.25, about −22% upside (overvalued).
What is the fair value of ALPDX?
Our model-based fair value for Piscines Desjoyaux SA is €8.80 (as of Sep 23, 2026), built from audited fundamentals. The current price: €11.25.
What is the quality score of ALPDX?
Piscines Desjoyaux SA has a Quality Score of 51/100. 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 Piscines Desjoyaux SA (ALPDX)?
Our model-based price target is the fair value of €8.80 (as of Sep 23, 2026) from 14 valuation models. Cautious scenario €7.78, optimistic scenario €8.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Piscines Desjoyaux SA stock forecast for 2026?
Our models put fair value at €8.80, about −22% upside versus a price of €11.25 (overvalued). Cautious scenario €7.78, optimistic scenario €8.80. The calculation is refreshed regularly with new filings.
What is the revenue of Piscines Desjoyaux SA (ALPDX)?
Piscines Desjoyaux SA reported trailing-twelve-month revenue of about €94.8M (latest available figure, as of Sep 23, 2026).
Does Piscines Desjoyaux SA pay a dividend?
Piscines Desjoyaux SA currently shows a dividend yield of about 5.87% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Piscines Desjoyaux SA (ALPDX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Piscines Desjoyaux SA it is €8.80 per share (as of Sep 23, 2026), against a price of €11.25. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Piscines Desjoyaux SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALPDX trades above its calculated fair value: price €11.25, fair value €8.80, a gap of about −22% (overvalued). 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 ALPDX?
No. The price is what the market pays today (€11.25); the fair value is what the company's own numbers justify (€8.80). For Piscines Desjoyaux SA the two are €2.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Piscines Desjoyaux SA worth?
The market values Piscines Desjoyaux SA at about €113M (market capitalisation, as of Sep 23, 2026). Per share that is €11.25; our models calculate a fair value of €8.80 per share.
What do the bullish and bearish scenarios say about ALPDX?
Our models span a range for Piscines Desjoyaux SA: cautious scenario €7.78, base €8.80, optimistic €8.80 per share (as of Sep 23, 2026, price €11.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALPDX?
Piscines Desjoyaux SA trades at a price-to-earnings ratio of 19.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €8.80 is built from several models across several years. Other multiples: P/B 1.1, P/S 1.4, EV/EBITDA 7.2.
How solid is the balance sheet of Piscines Desjoyaux SA (ALPDX)?
Balance-sheet figures for Piscines Desjoyaux SA (as of Sep 23, 2026): return on equity 4.7%, debt of 0.24 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is ALPDX from its 52-week high?
Piscines Desjoyaux SA trades at €11.25, about 15% below its 52-week high of €13.21 and 13% above the low of €10.00 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €8.80 is for.
Which stocks are comparable to Piscines Desjoyaux SA?
From the same area (Consumer Cyclical) we also value ANTA Sports Products Limited, Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, 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 Piscines Desjoyaux SA stock attractive at the current price?
The data as of Sep 23, 2026: price €11.25, calculated fair value €8.80 (−22%), Quality Score 51/100, from 14 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 ALPDX calculated?
We run Piscines Desjoyaux SA through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €8.80, 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 14.1 % above its aggregate fair value. Piscines Desjoyaux SA itself currently trades above fair value. 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 Piscines Desjoyaux SA (ALPDX)?
The closing price on Sep 23, 2026 was €11.25. Our model-based fair value is €8.80, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Piscines Desjoyaux SA right now?
The price sits above even our optimistic bull case (€8.80). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€7.78 to €8.80), unusually little disagreement for a valuation.
Where does the earnings growth of Piscines Desjoyaux SA (ALPDX) come from?
Earnings per share at Piscines Desjoyaux SA grew +13.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.1 %, EBIT margin +5.1 %, tax rate +1.1 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Piscines Desjoyaux SA
How large is the market capitalisation of Piscines Desjoyaux SA (ALPDX)?
The market capitalisation of Piscines Desjoyaux SA is €113M. 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 Piscines Desjoyaux SA (ALPDX)?
The price-to-sales ratio of Piscines Desjoyaux SA is 1.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Piscines Desjoyaux SA (ALPDX)?
Earnings per share at Piscines Desjoyaux SA are €0.5700 (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Piscines Desjoyaux SA (ALPDX)?
The dividend yield of Piscines Desjoyaux SA is 5.9% (payout 116%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Piscines Desjoyaux SA (ALPDX)?
The net margin of Piscines Desjoyaux SA is 6.1% (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 Piscines Desjoyaux SA (ALPDX)?
The return on equity (ROE) of Piscines Desjoyaux SA is 4.7% (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 Piscines Desjoyaux SA (ALPDX)?
On an EBIT basis the return on assets of Piscines Desjoyaux SA is 12.5% (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 Piscines Desjoyaux SA (ALPDX)?
The operating margin of Piscines Desjoyaux SA is −4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Piscines Desjoyaux SA (ALPDX)?
Revenue at Piscines Desjoyaux SA is growing −7.2% versus a year earlier (3y avg −15.3%). 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 Piscines Desjoyaux SA (ALPDX)?
Earnings per share at Piscines Desjoyaux SA are growing −24.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Piscines Desjoyaux SA (ALPDX) generate?
The free cash flow of Piscines Desjoyaux SA is −€3.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Piscines Desjoyaux SA (ALPDX) hold?
Piscines Desjoyaux SA holds more cash than debt, €14.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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