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SEMCO Technologies Société anonyme (ALSEM) Fair Value & Analysis

Technology · FR · Market cap €423M

ST SEMCO Technologies Société anonyme ALSEM · PA
Price€43.90
Fair Value€14.53
Upside-66.9%
Quality84/100
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Mixed Growth
Highly profitable · 26.3% net margin
Low debt · generates free cash flow
1.02% dividend yield
Mixed vs. peers (7/14)
Wide moat 93/100
Evidence: Medium Range €9.09 – €28.45 Share as image

Fair value as of: Jul 17, 2026

From 25 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from €11.55 to €14.53 (+25.8%) since Jul 14, 2026. Share price −6.4% over the past month.

A strong business, but screening 67% overvalued on our models.

What matters now

  • A high-quality business (quality 84/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (€28.45). The favourable scenario is already priced in.
  • The model range is unusually wide (€9.09 to €28.45). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (13 months)

€58.09 €19.86 Fair Value €14.53 Jul 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 17, 2026.

How to read this chart

13‑month range €19.86 – €58.09 · fair‑value band €9.09 – €28.45 · the €43.90 price screens above the €14.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 17, 2026.

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Analysis

SEMCO Technologies Société anonyme (ALSEM) currently trades at €43.90, while our model-based Fair Value estimate is €14.53, implying the stock looks roughly 66.9% overvalued today. The Quality Score stands at 84/100 (high quality), in the Technology 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: medium).

Over the trailing twelve months, SEMCO Technologies Société anonyme generated revenue of €31.4M at a net margin of 21.2%. It earns a return on equity of 41.6%. The balance sheet holds a net cash position of €7.1M. The stock trades on a trailing P/E of 55.1. Fundamentals as of Jul 17, 2026

Our scenario range runs from €9.09 (bear case) to €28.45 (bull case); at €43.90, the current price sits above 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 23% below its 52-week high and 124% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -67%, ALSEM 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 BearBaseBull Evidence
Highest evidence
Growth DCF €5.03 €6.36 €7.93 80
Residual Income €5.42 €7.05 €37.77 76
Rev-Margin DCF €5.65 €8.30 €11.12 74
All 25 models by family
DCF Models
FCF DCF €4.95 €6.42 €8.22 38
Owner Earnings €8.71 €11.46 €14.86 31
5Y Revenue Exit €5.65 €8.25 €11.45 39
5Y EBITDA Exit €9.55 €15.16 €21.45 41
5Y P/E Exit €9.99 €15.95 €21.90 38
10Y Revenue Exit €5.17 €7.29 €9.91 36
10Y EBITDA Exit €7.53 €11.55 €16.55 37
10Y P/E Exit €7.79 €12.04 €16.85 35
Earnings-Based
Graham-Dodd €6.69 €15.54 €19.97 54
PEG = 1.0 €2.64 €3.77 €4.90 46
EPV €8.85 €9.96 €10.88 59
Dividend Discount
Gordon GGM €4.54 €7.00 €9.41 70
DDM Multi-Stage €4.54 €6.33 €8.05 61
Multiples
P/E Multiple €14.75 €19.67 €24.59 63
P/S Multiple €6.23 €8.31 €10.38 58
P/B Multiple €5.11 €6.82 €8.52 55
EV/EBIT €19.00 €25.09 €31.18 53
EV/EBITDA €14.59 €19.22 €23.84 54
EV/Revenue €6.53 €9.02 €11.51 43
Asset-Based
NCAV (Graham) €1.14 €1.52 €2.27 50
Growth DCF
Growth DCF €5.03 €6.36 €7.93 80
Rev-Margin DCF €5.65 €8.30 €11.12 74
Economic Profit
Residual Income €5.42 €7.05 €37.77 76
ROIC Compounder €9.02 €10.34 €11.55 72
Growth Earnings
Growth-Adj P/E €11.17 €15.96 €20.74 68

Widest divergence: Growth Earnings (€15.96) versus Asset-Based (€1.52). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €38.4M
Net margin 26.3%
Return on equity 56.2%
Free cash flow €4.9M FY2025
P/E ratio 42.0
Operating margin 35.2%
More key figures
EPS (TTM) €0.9800
Dividend yield 1.0%
Net cash €7.1M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 84/100

Of which business quality 80 · Market factors (momentum, volatility) 57

Profitability 95
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 73
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

SEMCO Technologies Société anonyme designs, manufactures, and markets components for the manufacturing of semiconductor devices in France and internationally. The company offers electrostatic chucks and associated components for wafers. It serves OEMs, semiconductor fabs, foundries, and laboratories.

Full company description

SEMCO Technologies Société anonyme designs, manufactures, and markets components for the manufacturing of semiconductor devices in France and internationally. The company offers electrostatic chucks and associated components for wafers. It serves OEMs, semiconductor fabs, foundries, and laboratories. SEMCO Technologies Société anonyme was founded in 1986 and is headquartered in Castries, France. SEMCO Technologies Société anonyme operates as a subsidiary of ECM Technologies SA.

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

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

SEMCO Technologies Société anonyme reported revenue of €34.1M in FY2025 versus €33.8M in FY2023, a compound +0.4%/yr. Reported net income was €10.1M in FY2025, compounding +12.9%/yr from FY2023.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€34.1M
Latest YoY
+6.5%
Revenue +0.4%/yr
FY23 €33.8M
FY24 €32.0M
FY25 €34.1M
Net income +12.9%/yr
FY23 €7.9M
FY24 €6.7M
FY25 €10.1M

ALSEM screens 67% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "SEMCO Technologies Société anonyme Fair Value". https://www.fairvalue-calculator.com/stock/ALSEM

Peer Group

Semiconductor Equipment & Materials · 211 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 84 · Top 25%
Fair Value upside −67% · Below median
Return on equity (TTM) 56% · Top 25%
Return on assets 24% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 1.0% · Above median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 42.0× · Cheaper than median
P/B 20.96× · Pricier than 75% of peers
P/S (TTM) 12.72× · Pricier than 75% of peers
P/FCF 99.3× · Pricier than 75% of peers
EV/EBITDA 33.2× · Pricier 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 0
FUTURE 0 · sector 58
PAST 100 · sector 30
HEALTH 94 · sector 96
DIVIDEND 20 · sector 16

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

Insider activity: 45/100

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is SEMCO Technologies Société anonyme (ALSEM) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €14.53 versus a price of €43.90, about −67% (overvalued).
What is the fair value of ALSEM?
Our model-based fair value for SEMCO Technologies Société anonyme is €14.53 (as of Jul 17, 2026), built from audited fundamentals. The current price is €43.90.
What is the quality score of ALSEM?
SEMCO Technologies Société anonyme has a Quality Score of 84/100. 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 SEMCO Technologies Société anonyme (ALSEM)?
SEMCO Technologies Société anonyme reported trailing-twelve-month revenue of about €31.4M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of ALSEM?
The net profit margin of SEMCO Technologies Société anonyme is about 21.2%, meaning it keeps roughly 21.2% of revenue as net income. Based on the latest reported figures.
Does SEMCO Technologies Société anonyme pay a dividend?
SEMCO Technologies Société anonyme currently shows a dividend yield of about 1.02% relative to its recent price (as of Jul 17, 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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