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Poujoulat SA (ALPJT) Fair Value & Analysis

Industrials · FR · Market cap €42.2M

PS Poujoulat SA ALPJT · PA
Price€6.68
Fair Value€4.47
Upside-33.1%
Quality46/100
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Mixed Growth
Loss-making · -0.6% net margin
Moderate debt · generates free cash flow
2.22% dividend yield
Trails peers (4/13)
Narrow moat 20/100
Evidence: High Range €3.35 – €7.38 Share as image

Fair value as of: Jul 15, 2026

From 23 valuation models · updated 26 days ago

Share price +23.7% over the past month.

Below-average quality, and screening another 33% overvalued on our models.

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€3.35 to €7.38) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€31.14 €5.30 Fair Value €4.47 Jun 2021 Aug 2026

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 €5.30 – €31.14 · fair‑value band €3.35 – €7.38 · the €6.68 price screens above the €4.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Poujoulat SA (ALPJT) currently trades at €6.68, while our model-based Fair Value estimate is €4.47, implying the stock looks roughly 33.1% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Industrials 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: high).

Over the trailing twelve months, Poujoulat SA generated revenue of €344M at a net margin of -0.6%. Revenue declined 3.3% year over year. It earns a return on equity of -1.6%. Net debt stands at €106M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €3.35 (bear case) to €7.38 (bull case); at €6.68, 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 29% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at -33%, ALPJT 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
Growth DCF €3.84 €8.07 €13.04 80
Residual Income €10.46 €9.64 €6.21 76
Rev-Margin DCF €2.66 €6.41 74
All 23 models by family
DCF Models
FCF DCF €3.83 €8.74 €14.90 38
5Y Revenue Exit €2.45 €6.03 39
5Y EBITDA Exit €7.81 €18.04 €29.94 41
5Y P/E Exit €0.5400 €2.59 38
10Y Revenue Exit €1.18 €4.11 €7.72 36
10Y EBITDA Exit €5.84 €13.36 €23.31 37
10Y P/E Exit €0.7300 €2.97 €5.47 35
Earnings-Based
Graham-Dodd €1.45 €4.56 €6.07 54
Lynch FV €1.00 €1.42 €1.85 50
PEG = 1.0 €1.00 €1.42 €1.85 46
Dividend Discount
Gordon GGM €1.36 €2.28 €2.97 70
DDM Multi-Stage €1.36 €2.06 €2.46 61
Multiples
P/E Multiple €3.35 €4.47 €5.59 63
P/S Multiple €2.72 €3.62 €4.53 58
P/B Multiple €2.72 €3.62 €4.53 55
EV/EBIT €0.7800 €3.14 53
EV/EBITDA €13.52 €20.91 €28.30 54
EV/Revenue €0.7300 43
Asset-Based
NCAV (Graham) €8.37 €11.22 €16.74 50
Growth DCF
Growth DCF €3.84 €8.07 €13.04 80
Rev-Margin DCF €2.66 €6.41 74
Economic Profit
Residual Income €10.46 €9.64 €6.21 76
Growth Earnings
Growth-Adj P/E €2.78 €3.98 €5.17 68

Widest divergence: Asset-Based (€11.22) versus Earnings-Based (€1.42). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €344M
Revenue growth (YoY) -3.3%
Net margin -0.6%
Return on equity -1.6%
Free cash flow €11.7M FY2025
Operating margin -2.5%
More key figures
EPS (TTM) €-0.2800
Dividend yield 2.2%
EPS growth (YoY) -40.1%
Net debt €106M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 34

Profitability 48
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 72
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

Poujoulat SA offers metal chimneys flues for individual homes, collective housing, and new built and renovation industry in France and internationally.

Full company description

Poujoulat SA offers metal chimneys flues for individual homes, collective housing, and new built and renovation industry in France and internationally. It offers chimney flues, roof outlets, tubing conduits, connecting ducts, hot air recovery and distribution, smoke extractor, filtration, interview, ventilation, home automation, personalization, and heat pump and air conditioning cover products for detached houses. The company also provides double-wall insulated ducts, single-wall ducts, silent, sealed boiler ducts, collective gas systems, and smoke extractors and maintenance products for collective, tertiary, and industry. The company also exports its products. The company was formerly known as Poujoulat Etablissements SA and changed its name to Poujoulat SA in August 2008. Poujoulat SA was founded in 1950 and is headquartered in Saint-Symphorien, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Poujoulat SA reported revenue of €349M in FY2025 versus €245M in FY2021, a compound +9.2%/yr. Reported net income was €1.7M in FY2025, compounding −28.9%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€349M
Latest YoY
−0.9%
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.
+4.9%
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.
+7.6%
Avg. growth/yr (24Y) 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.
+0.5%
Revenue +9.2%/yr
FY21 €245M
FY22 €302M
FY23 €402M
FY24 €352M
FY25 €349M
Net income −28.9%/yr
FY21 €6.5M
FY22 €14.0M
FY23 €24.6M
FY24 €9.2M
FY25 €1.7M
Character of growth · EPS growth decomposed (2014-2025) +13.2 % p.a.
Revenue per share +6.9 pp

of which total revenue +6.8 pp · buybacks/dilution +0.1 pp

EBIT margin +3.9 pp
Tax rate +1.6 pp
Residual (interest, one-offs) +0.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ALPJT screens 33% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Poujoulat SA Fair Value". https://www.fairvalue-calculator.com/stock/ALPJT

Peer Group

Building Products & Equipment · 247 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 46 · Below median
Fair Value upside −33% · Below median
Return on assets 0% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.56× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/B 0.37× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 4.2× · Pricier than median
EV/EBITDA 7.5× · Cheaper than median

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 0 · sector 3
FUTURE 0 · sector 9
PAST 0 · sector 23
HEALTH 72 · sector 94
DIVIDEND 44 · sector 28

VALUE 0: the price sits above our fair-value range.

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is Poujoulat SA (ALPJT) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €4.47 versus a price of €6.68, about −33% (overvalued).
What is the fair value of ALPJT?
Our model-based fair value for Poujoulat SA is €4.47 (as of Jul 15, 2026), built from audited fundamentals. The current price is €6.68.
What is the quality score of ALPJT?
Poujoulat SA has a Quality Score of 46/100. 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 Poujoulat SA (ALPJT)?
Poujoulat SA reported trailing-twelve-month revenue of about €344M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of ALPJT?
The net profit margin of Poujoulat SA is about -0.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Poujoulat SA pay a dividend?
Poujoulat SA currently shows a dividend yield of about 1.71% relative to its recent price (as of Jul 15, 2026).

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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