Reworld Media (ALREW) fair value: what the stock is really worth
As of Jun 29, 2026: fair value of Reworld Media €10.38, price €1.93, upside +438.4%, quality 41 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 24, 2026.
How to read this chart
60‑month range €1.20 – €7.71 · fair‑value band €5.46 – €17.81 · the €1.93 price screens below the €10.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Reworld Media engages in the thematic media business in France. The company offers various content, products, and services to audiences, as well as multi-media and multi-format brands. It also provides brand marketing, such as OTC or event-based advertising services; and performance marketing, including affiliation or programmatic advertising solutions.
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Reworld Media engages in the thematic media business in France. The company offers various content, products, and services to audiences, as well as multi-media and multi-format brands. It also provides brand marketing, such as OTC or event-based advertising services; and performance marketing, including affiliation or programmatic advertising solutions. The company serves advertisers and general public through print, web, social media, TV, podcasts, and events. Reworld Media was incorporated in 2001 and is headquartered in Boulogne-Billancourt, France.
Stock analysis
Reworld Media (ALREW) currently trades at €1.93, while our model-based Fair Value estimate is €10.38, implying the stock looks roughly 81.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €13.70 per share, and 24 of the 26 models we run sit above the €1.93 price.
Bear case: the Asset-Based group reads lowest at €2.66, and 2 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: €5.46 (bear) to €17.81 (bull), the price of €1.93 sits below 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 41/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Reworld Media reported revenue of €529M in FY2025 versus €470M in FY2021, a compound +3.0%/yr. Reported net income was €16.9M in FY2025, compounding −18.7%/yr from FY2021.
Key figures
Market cap €136M · P/E ratio 8.5 · P/S ratio 0.27 · EPS (TTM) €0.2258 · Dividend yield 1.0% · Net margin 3.2% · Return on equity 14.4% · Return on assets (EBIT) 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 0% fair-value upside, at 438%, ALREW screens cheaper than that median.
Fair Value models
Bear €5.46Fair Value €10.38Bull €17.81
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.2117 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.0%
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.
+1.5%
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.
+4.5%
Start year 2020 (pandemic). Over 10 years: +24.3% a year
Revenue growth 16 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.
+85.8%
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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. Basis: EBIT basis.
−7.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.8%
Dividend (yield on the price)1.0%
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.−14.4% vs 8.4%, slowing
Profit margin 2018 to 2024 ⓘ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.5% → 9%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +5.9% a year for the price.
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.Publishing · 101 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)14.4% · Top 25%
Return on assets4.6% · Above median
Net margin (TTM)3.2% · Below median
Operating margin (TTM)10.5% · Above median
Growth and dividend
Revenue growth0.6% · Above median
Dividend yield (TTM)1.0% · Bottom 25%
Balance sheet
Debt / equity0.77× · Highest 25%
Valuation Multiplesvs Publishing median · lower = cheaper
P/E (TTM)8.5× · Cheapest 25%
P/B0.60× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Reworld Media Fair Value". https://www.fairvalue-calculator.com/stock/ALREW
Frequently asked questions
Is Reworld Media (ALREW) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €10.38 versus the last price from Jun 29, 2026 of €1.93, about +438% upside (undervalued).
What is the fair value of ALREW?
Our model-based fair value for Reworld Media is €10.38 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jun 29, 2026): €1.93.
What is the quality score of ALREW?
Reworld Media has a Quality Score of 41/100. 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 Reworld Media (ALREW)?
Our model-based price target is the fair value of €10.38 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario €5.46, optimistic scenario €17.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Reworld Media stock forecast for 2026?
Our models put fair value at €10.38, about +438% upside versus the last price from Jun 29, 2026 of €1.93 (undervalued). Cautious scenario €5.46, optimistic scenario €17.81. The calculation is refreshed regularly with new filings.
What is the revenue of Reworld Media (ALREW)?
Reworld Media reported trailing-twelve-month revenue of about €529M (latest available figure, as of Sep 24, 2026).
Does Reworld Media pay a dividend?
Reworld Media currently shows a dividend yield of about 0.98% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Reworld Media (ALREW)?
For today's price to be fair in a discounted-cash-flow model, Reworld Media would have to grow free cash flow by +8.3 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ALREW use?
Our models discount Reworld Media at 12.0 %: a base by market capitalisation (micro), damped by beta 0.62, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Reworld Media that is +8.3 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Reworld Media (ALREW) delivered so far?
Over the past 5 years revenue at Reworld Media grew +4.5 % a year. The price currently implies +8.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Reworld Media (ALREW) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Reworld Media (+8.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Reworld Media (ALREW)?
The free-cash-flow yield on the price is 20.44 %: that much free cash flow Reworld Media produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Reworld Media (ALREW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reworld Media it is €10.38 per share (as of Sep 24, 2026), against a price of €1.93. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Reworld Media stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ALREW trades below its calculated fair value: price €1.93, fair value €10.38, a gap of about +438% (undervalued). 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 ALREW?
No. The price is what the market pays today (€1.93); the fair value is what the company's own numbers justify (€10.38). For Reworld Media the two are €8.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reworld Media worth?
The market values Reworld Media at about €136M (market capitalisation, as of Sep 24, 2026). Per share that is €1.93; our models calculate a fair value of €10.38 per share.
What do the bullish and bearish scenarios say about ALREW?
Our models span a range for Reworld Media: cautious scenario €5.46, base €10.38, optimistic €17.81 per share (as of Sep 24, 2026, price €1.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALREW?
Reworld Media trades at a price-to-earnings ratio of 8.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €10.38 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 4.1 (reported 8.5). Other multiples: P/B 0.6, P/S 0.3, EV/EBITDA 4.8.
How solid is the balance sheet of Reworld Media (ALREW)?
Balance-sheet figures for Reworld Media (as of Sep 24, 2026): return on equity 14.4%, debt of 0.77 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is ALREW from its 52-week high?
Reworld Media trades at €1.93, about 12% below its 52-week high of €2.18 and 37% above the low of €1.41 (as of Jun 29, 2026). Distance from the high says nothing about value: that is what the fair value of €10.38 is for.
Which stocks are comparable to Reworld Media?
From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China South Publishing & Media Group, 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 Reworld Media stock attractive at the current price?
The data as of Sep 24, 2026: price €1.93, calculated fair value €10.38 (+438%), Quality Score 41/100, from 26 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 ALREW calculated?
We run Reworld Media through 26 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 €10.38, 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 14.5 % above its aggregate fair value. Reworld Media currently trades 81 % below its own fair value, and the market average says nothing about that. 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 Reworld Media (ALREW)?
The latest price we hold is from Jun 29, 2026 and stands at €1.93. Our model-based fair value is €10.38, about +438% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reworld Media right now?
The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€5.46). The market is more pessimistic than our downside scenario. The model range is unusually wide (€5.46 to €17.81). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Reworld Media
How large is the market capitalisation of Reworld Media (ALREW)?
The market capitalisation of Reworld Media is €136M. 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 Reworld Media (ALREW)?
The price-to-sales ratio of Reworld Media is 0.27 (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 Reworld Media (ALREW)?
Earnings per share at Reworld Media are €0.2258 (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reworld Media (ALREW)?
The dividend yield of Reworld Media is 1.0% (payout 8.4%). 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 Reworld Media (ALREW)?
The net margin of Reworld Media is 3.2% (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 Reworld Media (ALREW)?
The return on equity (ROE) of Reworld Media is 14.4% (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 Reworld Media (ALREW)?
On an EBIT basis the return on assets of Reworld Media is 9.0% (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 Reworld Media (ALREW)?
The operating margin of Reworld Media is 10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reworld Media (ALREW)?
Revenue at Reworld Media is growing +0.6% versus a year earlier (3y avg +1.5%). 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 Reworld Media (ALREW)?
Earnings per share at Reworld Media are growing −49.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Reworld Media (ALREW) carry?
The net debt of Reworld Media is €126M (fiscal year 2025, ≈ 4.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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