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Stradim Espace Finances SA (ALSAS) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Stradim Espace Finances SA €9.40, price €3.92, upside +139.8%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Real Estate · FR · ISIN FR0000074775

SE Broad data Sep 23, 2026

Stradim Espace Finances SA

ALSAS · PA

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value €9.40 · Strongly undervalued (+140%)
!Quality 42/100
!Weak Growth (revenue 5y +1.7 %/yr)
!Thin margins · 1.5% net margin (TTM)
!High debt · negative free cash flow
!Trails peers (5/13)
!Narrow moat 31/100
!Weak on future: 8 out of 100
!Weak on past: 19 out of 100
!Weak on balance sheet: 17 out of 100

What runs behind every stock

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

Price vs Fair Value

€7.55 €3.92 Fair Value €9.40 Mar 2019 Sep 2026

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 €3.92 – €7.55 · fair‑value band €6.31 – €12.95 · the €3.92 price screens below the €9.40 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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Company profile

Stradim Espace Finances SA develops real estate properties in France. It designs, builds, and markets new homes and apartments; operates and leases business premises and offices; and buys land. The company was incorporated in 1990 and is headquartered in Entzheim, France. Stradim Espace Finances SA operates as a subsidiary of AST Groupe.

Stock analysis

Stradim Espace Finances SA (ALSAS) currently trades at €3.92, while our model-based Fair Value estimate is €9.40, implying the stock looks roughly 58.3% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of €10.24 per share, and 7 of the 9 models we run sit above the €3.92 price.

Bear case: the Dividend Discount group reads lowest at €1.18, and 2 of the 9 models stay below the price. Evidence for this calculation is high.

Scenario range: €6.31 (bear) to €12.95 (bull), the price of €3.92 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 42/100 (below-average quality), in the Real Estate sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Stradim Espace Finances SA reported revenue of €113M in FY2025 versus €141M in FY2021, a compound −5.4%/yr. Reported net income was €1.7M in FY2025, compounding −18.7%/yr from FY2021.

Key figures

Market cap €14.8M · P/E ratio 8.0 · P/S ratio 0.12 · EPS (TTM) €0.4900 · Dividend yield 2.1% · Net margin 1.5% · Return on equity 4.8% · Return on assets (EBIT) 2.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 140%, ALSAS screens cheaper than that median.

Fair Value models

Bear €6.31 Fair Value €9.40 Bull €12.95
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 (€0.3598 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. 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.
Highest evidence
Residual Income €8.20 €8.11 €7.34 76
Gordon GGM €0.7900 €1.47 €2.35 66
DDM Multi-Stage €0.7900 €1.18 €1.59 66
All 9 models by family
Dividend Discount
Gordon GGM €0.7900 €1.47 €2.35 66
DDM Multi-Stage €0.7900 €1.18 €1.59 66
Multiples
P/S Multiple €6.31 €8.41 €10.51 58
P/B Multiple €6.31 €8.41 €10.51 55
EV/EBIT €16.38 €26.03 €35.68 64
EV/EBITDA €10.56 €18.27 €25.98 65
EV/Revenue €3.40 €10.24 €17.08 49
Asset-Based
NCAV (Graham) €5.53 €7.41 €11.06 54
Economic Profit
Residual Income €8.20 €8.11 €7.34 76

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Quality Score breakdown

Overall quality 42/100

Of which business quality 37 · Market factors (momentum, volatility) 26

Profitability 21
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 92
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−4.2%
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.
−11.0%
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.
+1.7%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
Revenue growth 20 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.
+4.4%
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.
+5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.7%
Dividend (yield on the price)2.1%
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.−10% vs 3%, 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.3% → 5%
Start year 2020 (pandemic)

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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.Real Estate Services · 547 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 42 · Bottom 25%
Fair Value upside +140% · Top 25%
Profitability
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Growth and dividend
Revenue growth 2% · Below median
Dividend yield (TTM) 2.1% · Below median
Balance sheet
Debt / equity 1.65× · Highest 25%

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/E (TTM) 8.0× · Cheaper than median
P/B 0.44× · Cheaper than median
P/S (TTM) 0.15× · Cheapest 25%
EV/EBITDA 14.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 38
FUTURE (revenue growth)8 · sector 12
PAST (return on equity)19 · sector 16
HEALTH (low debt)17 · sector 83
DIVIDEND (yield)42 · sector 65

Context: sector, industry, market

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 Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 236,000 VND 25,731 VND −89%
CBRE Group CBRE $141.05 $89.43 −37%
Vonovia SE VNA €17.09 €36.67 +115%
Cellnex Telecom, S.A CLNX €25.33 €23.78 −6%
KE Holdings 2423 HK$42.78 HK$17.18 −60%
Jones Lang LaSalle Incorporated JLL $324.06 $530.17 +64%
Swire Properties Limited 1972 HK$24.40 HK$13.50 −45%
CoStar Group CSGP $28.77 $6.17 −79%
China Resources Mixc Lifestyle Services Limited 1209 HK$37.44 HK$56.43 +51%
CapitaLand Investment Limited 9CI 2.62 SGD 0.5000 SGD −81%

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Cite: Fair Value Calculator (2026). "Stradim Espace Finances SA Fair Value". https://www.fairvalue-calculator.com/stock/ALSAS

Frequently asked questions

Is Stradim Espace Finances SA (ALSAS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €9.40 versus a price of €3.92, about +140% upside (undervalued).
What is the fair value of ALSAS?
Our model-based fair value for Stradim Espace Finances SA is €9.40 (as of Sep 23, 2026), built from audited fundamentals. The current price: €3.92.
What is the quality score of ALSAS?
Stradim Espace Finances SA has a Quality Score of 42/100. 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 Stradim Espace Finances SA (ALSAS)?
Our model-based price target is the fair value of €9.40 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario €6.31, optimistic scenario €12.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Stradim Espace Finances SA stock forecast for 2026?
Our models put fair value at €9.40, about +140% upside versus a price of €3.92 (undervalued). Cautious scenario €6.31, optimistic scenario €12.95. The calculation is refreshed regularly with new filings.
What is the revenue of Stradim Espace Finances SA (ALSAS)?
Stradim Espace Finances SA reported trailing-twelve-month revenue of about €113M (latest available figure, as of Sep 23, 2026).
Does Stradim Espace Finances SA pay a dividend?
Stradim Espace Finances SA currently shows a dividend yield of about 2.10% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Stradim Espace Finances SA (ALSAS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Stradim Espace Finances SA it is €9.40 per share (as of Sep 23, 2026), against a price of €3.92. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Stradim Espace Finances SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALSAS trades below its calculated fair value: price €3.92, fair value €9.40, a gap of about +140% (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 ALSAS?
No. The price is what the market pays today (€3.92); the fair value is what the company's own numbers justify (€9.40). For Stradim Espace Finances SA the two are €5.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Stradim Espace Finances SA worth?
The market values Stradim Espace Finances SA at about €14.8M (market capitalisation, as of Sep 23, 2026). Per share that is €3.92; our models calculate a fair value of €9.40 per share.
What do the bullish and bearish scenarios say about ALSAS?
Our models span a range for Stradim Espace Finances SA: cautious scenario €6.31, base €9.40, optimistic €12.95 per share (as of Sep 23, 2026, price €3.92). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALSAS?
Stradim Espace Finances SA trades at a price-to-earnings ratio of 8.0 (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 €9.40 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.1, EV/EBITDA 14.1.
How solid is the balance sheet of Stradim Espace Finances SA (ALSAS)?
Balance-sheet figures for Stradim Espace Finances SA (as of Sep 23, 2026): return on equity 4.8%, debt of 1.65 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is ALSAS from its 52-week high?
Stradim Espace Finances SA trades at €3.92, about 31% below its 52-week high of €5.70 and at the low of €3.92 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €9.40 is for.
Which stocks are comparable to Stradim Espace Finances SA?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Stradim Espace Finances SA stock attractive at the current price?
The data as of Sep 23, 2026: price €3.92, calculated fair value €9.40 (+140%), Quality Score 42/100, from 9 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 ALSAS calculated?
We run Stradim Espace Finances SA through 9 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 €9.40, 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 14.0 % above its aggregate fair value. Stradim Espace Finances SA currently trades 140 % 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 Stradim Espace Finances SA (ALSAS)?
The closing price on Sep 24, 2026 was €3.92. Our model-based fair value is €9.40, about +140% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Stradim Espace Finances SA right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€6.31). The market is more pessimistic than our downside scenario. A fairly wide model range (€6.31 to €12.95) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Stradim Espace Finances SA (ALSAS) come from?
Earnings per share at Stradim Espace Finances SA grew +5.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.4 %, EBIT margin +2.9 %, tax rate +1.1 %, residual (interest, one-offs) −4.2 %. 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 Stradim Espace Finances SA

How large is the market capitalisation of Stradim Espace Finances SA (ALSAS)?
The market capitalisation of Stradim Espace Finances SA is €14.8M. 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 Stradim Espace Finances SA (ALSAS)?
The price-to-sales ratio of Stradim Espace Finances SA is 0.12 (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 Stradim Espace Finances SA (ALSAS)?
Earnings per share at Stradim Espace Finances SA are €0.4900 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Stradim Espace Finances SA (ALSAS)?
The dividend yield of Stradim Espace Finances SA is 2.1% (payout 16.8%). 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 Stradim Espace Finances SA (ALSAS)?
The net margin of Stradim Espace Finances SA is 1.5% (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 Stradim Espace Finances SA (ALSAS)?
The return on equity (ROE) of Stradim Espace Finances SA is 4.8% (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 Stradim Espace Finances SA (ALSAS)?
On an EBIT basis the return on assets of Stradim Espace Finances SA is 2.1% (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 Stradim Espace Finances SA (ALSAS)?
The operating margin of Stradim Espace Finances SA is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Stradim Espace Finances SA (ALSAS)?
Revenue at Stradim Espace Finances SA is growing +1.5% versus a year earlier (3y avg −11.0%). 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 Stradim Espace Finances SA (ALSAS)?
Earnings per share at Stradim Espace Finances SA are growing +13.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Stradim Espace Finances SA (ALSAS) generate?
The free cash flow of Stradim Espace Finances SA is −€8.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Stradim Espace Finances SA (ALSAS) carry?
The net debt of Stradim Espace Finances SA is €46.1M (fiscal year 2025). 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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