Prologue (ALPRG) Fair Value & Analysis
Technology · FR · Market cap €29.7M
Strengths
Risks
Fair value as of: Aug 13, 2026
From 11 valuation models · updated 12 days ago
Fair value updated Aug 13, 2026, revised from €1.60 to €1.01 (−36.8%) since Jul 17, 2026. Share price +13.9% over the past month.
A solid business, trading 67% below our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (€0.4739). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (€0.4739 to €1.31). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
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 €0.1600 – €0.4390 · fair‑value band €0.4739 – €1.31 · the €0.3370 price screens below the €1.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Prologue (ALPRG) currently trades at €0.3370, while our model-based Fair Value estimate is €1.01, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Technology 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: medium), always confirm before acting.
Over the trailing twelve months, Prologue generated revenue of €65.0M at a net margin of 15.1%. Revenue declined 53.8% year over year. It earns a return on equity of 37.7%. The balance sheet holds a net cash position of €12.8M. Fundamentals as of Aug 13, 2026
Our scenario range runs from €0.4739 (bear case) to €1.31 (bull case); at €0.3370, 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 14% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -34% fair-value upside, at 200%, ALPRG 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 11 models by family
Widest divergence: Growth Earnings (€2.19) versus Asset-Based (€0.1600). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 70
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Prologue S.A., a technology company, engages in the provision of software publishing and IT services for large and medium-sized businesses in France, Spain, the United States, and Latin America.
Full company description
Prologue S.A., a technology company, engages in the provision of software publishing and IT services for large and medium-sized businesses in France, Spain, the United States, and Latin America. It offers IT solutions in the areas of cloud computing, cybersecurity, IT infrastructure, connectivity, and artificial intelligence; UseITCloud solution, a multi-cloud management platform to deploy applications on the virtual infrastructure; and MPDD, a document exchange platform. The company also provides Adiict, a collaborative platform for the printing and publishing sector; O2i Engineering for added value services; M2i for in-person and remote IT, and digital and training management training courses; and managed cloud services, telecommunications, IP telephony, and cyber security. In addition, the company offers construction and integration of cloud infrastructures; secure telecom networks; unified communications systems; cyber security solutions; and development of software solutions. The company was founded in 1986 and is based in Gennevilliers, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Prologue reported revenue of €65.0M in FY2025 versus €94.3M in FY2021, a compound −8.9%/yr. Reported net income was €9.8M in FY2025.
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Peer Group
Software - Application · 724 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 - Application 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: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAP | €182.50 | €169.59 | -7% |
| Shopify Inc SHOP | C$209.78 | C$28.76 | -86% |
| Uber Technologies, Inc UBER | $75.36 | $43.66 | -42% |
| Salesforce, Inc CRM | $193.32 | $249.28 | +29% |
| ServiceNow, Inc NOW | $124.94 | $43.73 | -65% |
| Cadence Design Systems, Inc CDNS | $323.13 | $112.57 | -65% |
| Snowflake Inc SNOW | $332.26 | $42.27 | -87% |
| Adobe Inc ADBE | $275.30 | $454.04 | +65% |
| Automatic Data Processing, Inc ADP | $269.33 | $177.51 | -34% |
| Intuit Inc INTU | $334.71 | $363.46 | +9% |
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Frequently asked questions
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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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