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Spineguard (ALSGD) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Spineguard stock €0.02, price €0.09, that is 79.3% below the price, quality 35 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Healthcare FR · ISIN FR0011464452

S Spineguard logo Thin data Nov 4, 2026

Spineguard

ALSGD · PA
Very expensive, weak quality

Our calculation puts a fair price 79% below what the stock costs today.

Low debt
Revenue last quarter 32% below a year ago.
Fair value €0.0180 · Strongly overvalued
Quality 35/100
Weak Growth (revenue 5y −5.0 %/yr in EUR)
Loss-making · -71.6% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 13/100 · thin data
Thin data
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

€1.33 €0.0768 Fair Value €0.0180 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range €0.0768 – €1.33 · the €0.0868 price screens above the €0.0180 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

SpineGuard SA provides designs, develops, and markets medical devices for spine in France and internationally.

Show moreShow less

The company offers PediGuard drilling instruments comprising straight, curved, cannulated, psifguard, and threaded PediGuard products; and DSG smart screw that allows for one step screw placement treatment.

It also provides DSG (Dynamic Surgical Guidance) Connect app that allows collection and visualization of the signal measured at the tip of DSG Connect devices during pedicle drilling, as well as DSG for orthopedic robots and dental implantology products.

SpineGuard SA was incorporated in 2009 and is headquartered in Vincennes, France.

Stock analysis

Spineguard (ALSGD) currently trades at €0.0868, while our model-based Fair Value estimate is €0.0180, 79% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Quality & growth

The Quality Score stands at 35/100 (below-average quality), in the Healthcare sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Spineguard reported revenue of €3.8M in FY2025 versus €4.4M in FY2021, a compound −3.9%/yr. Reported net income was −€2.1M in FY2025.

Key figures

Market cap €8.4M Micro · P/S ratio 2.75 · EPS (TTM) €−0.0200 · Net margin −71.6% · Return on equity −50.4% · Return on assets (EBIT) −23.8% (5-year average) · Operating margin −81.2% · Revenue (TTM) €3.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −15% fair-value upside, at −79%, ALSGD screens richer than that median.

Fair Value models

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) n/a €0.0100 €0.0100 52
All 1 models by family
Asset-Based
NCAV (Graham) n/a €0.0100 €0.0100 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 35/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 18
How much profit the company makes from its sales and capital
Quality Growth 52
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 68
Debt, balance sheet and risk of trouble
Investment 95
Does it invest with discipline instead of growing at any price?
Low Volatility 45
How calm the share price moves, does not count
Price momentum 27
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.2%
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.
−12.5%
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.
−5.0%
Start year 2020 (pandemic). Over 10 years: −4.9% a year
Revenue growth 15 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.
+2.3%
Profit margin (trend) ⓘ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.
−37.8% (2020) → −44.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

ALSGD screens overvalued: fair value 79% below the price. Compare with Abbott Laboratories, →

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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.Medical Devices · 318 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside −79.3% · Bottom 25%
Profitability
Return on assets −24.6% · Bottom 25%
Net margin (12 months) −71.6% · Bottom 25%
Operating margin (12 months) −81.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −31.6% · Bottom 25%
Balance sheet
Debt / equity 0.14× · Above median

Valuation Multiplesvs Medical Devices median · lower = cheaper

P/B 1.54× · Cheaper than median
P/S (12 months) 2.74× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 6
FUTURE (revenue growth)0 · sector 36
PAST (return on equity)0 · sector 17
HEALTH (low debt)93 · sector 98
DIVIDEND (yield)0 · sector 34

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

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 Medical Devices stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Stryker Corporation SYK $325.87 $358.46 +10% vs ALSGD
Boston Scientific Corporation BSX $42.75 $47.03 +10% vs ALSGD
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥184.15 ¥202.57 +10% vs ALSGD
DexCom, Inc DXCM $79.41 $87.35 +10% vs ALSGD
GE HealthCare Technologies Inc GEHC $82.38 $69.92 −15% vs ALSGD
Edwards Lifesciences Corporation EW $102.14 $81.94 −20% vs ALSGD
Siemens Healthineers AG SHL €44.66 €34.51 −23% vs ALSGD
Abbott Laboratories, ABT $109.93 $75.28 −32% vs ALSGD
Medtronic plc MDT $101.80 $65.61 −36% vs ALSGD
Koninklijke Philips N.V PHIA €27.33 €15.23 −44% vs ALSGD

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Spineguard: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Spineguard Fair Value". https://www.fairvalue-calculator.com/stock/ALSGD

Frequently asked questions

Is Spineguard (ALSGD) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €0.0180 versus a price of €0.0868, about 79% lower (overvalued).
What is the fair value of ALSGD?
Our model-based fair value for Spineguard is €0.0180 (as of Nov 4, 2026), built from audited fundamentals. The current price: €0.0868.
What is the quality score of ALSGD?
Spineguard has a Quality Score of 35/100. 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 Spineguard (ALSGD)?
Our model-based price target is the fair value of €0.0180 (as of Nov 4, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Spineguard stock forecast for 2026?
Our models put fair value at €0.0180, about 79% lower versus a price of €0.0868 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Spineguard (ALSGD)?
Spineguard reported trailing-twelve-month revenue of about €3.1M (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Spineguard (ALSGD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Spineguard it is €0.0180 per share (as of Nov 4, 2026), against a price of €0.0868. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Spineguard stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ALSGD trades above its calculated fair value: price €0.0868, fair value €0.0180, a gap of about −79% (overvalued). 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 ALSGD?
No. The price is what the market pays today (€0.0868); the fair value is what the company's own numbers justify (€0.0180). For Spineguard the two are €0.0688 per share apart. That gap is exactly why we show both numbers side by side.
How much is Spineguard worth?
The market values Spineguard at about €8.4M (market capitalisation, as of Nov 4, 2026). Per share that is €0.0868; our models calculate a fair value of €0.0180 per share.
How solid is the balance sheet of Spineguard (ALSGD)?
Balance-sheet figures for Spineguard (as of Nov 4, 2026): return on equity −50.4%, debt of 0.14 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is ALSGD from its 52-week high?
Spineguard trades at €0.0868, about 43% below its 52-week high of €0.1517 and 7% above the low of €0.0811 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €0.0180 is for.
Which stocks are comparable to Spineguard?
From the same area (Healthcare) we also value Abbott Laboratories,, Medtronic plc, Stryker Corporation, Boston Scientific Corporation, 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 Spineguard stock attractive at the current price?
The data as of Nov 4, 2026: price €0.0868, calculated fair value €0.0180 (−79%), Quality Score 35/100, from 1 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 ALSGD calculated?
We run Spineguard through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of €0.0180 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Spineguard itself currently trades above fair value. 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 Spineguard (ALSGD)?
The closing price on Nov 6, 2026 was €0.0868. Our model-based fair value is €0.0180, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Spineguard right now?
Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Spineguard

How large is the market capitalisation of Spineguard (ALSGD)?
The market capitalisation of Spineguard is €8.4M. 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 Spineguard (ALSGD)?
The price-to-sales ratio of Spineguard is 2.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Spineguard (ALSGD)?
Earnings per share at Spineguard are €−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Spineguard (ALSGD)?
The net margin of Spineguard is −71.6% (last twelve months). 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 Spineguard (ALSGD)?
The return on equity (ROE) of Spineguard is −50.4% (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 Spineguard (ALSGD)?
On an EBIT basis the return on assets of Spineguard is −23.8% (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 Spineguard (ALSGD)?
The operating margin of Spineguard is −81.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Spineguard (ALSGD)?
Revenue at Spineguard is growing −31.6% versus a year earlier (3y avg −12.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Spineguard (ALSGD) generate?
The free cash flow of Spineguard is −€1.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Spineguard (ALSGD) hold?
Spineguard holds more cash than debt, €265K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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