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Aton (ALTAO) Fair Value & Analysis

Healthcare · FR · Market cap €12.1M

A Aton ALTAO · PA
Price€0.0116
Fair Value€0.0100
Upside-13.8%
Quality30/100
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Mixed Growth
Loss-making · -17.6% net margin
High debt · generates free cash flow
Trails peers (3/10)
Narrow moat 3/100
Evidence: Medium Share as image

Fair value as of: Jun 23, 2026

From 9 valuation models · updated 48 days ago

Share price +9.4% over the past month.

Below-average quality, and screening another 14% overvalued on our models.

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Price vs Fair Value (5 years)

€0.2170 €0.0052 Fair Value €0.0100 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

60‑month range €0.0052 – €0.2170 · the €0.0116 price screens above the €0.0100 fair value. Dashed = 300-day average. As of Jun 23, 2026.

Full chart & analysis →

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Analysis

Aton (ALTAO) currently trades at €0.0116, while our model-based Fair Value estimate is €0.0100, implying the stock looks roughly 13.8% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Healthcare 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, Aton generated revenue of €657K at a net margin of -17.6%. Revenue grew 17.6% year over year. Net debt stands at €2.7M. Fundamentals as of Jun 23, 2026

The share trades about 60% below its 52-week high and 132% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -14%, ALTAO screens cheaper than that median.

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Key figures & financial health

Revenue (TTM) €657K
Revenue growth (YoY) +17.6%
Net margin -17.6%
Free cash flow €142K FY2025
Operating margin -170%
Net debt €2.7M FY2025

Figures from reported company fundamentals · as of Jun 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 33 · Market factors (momentum, volatility) 54

Profitability 3
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 23
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

Aton operates as a bioscience company in France. It engages in drug development, preclinical and clinical services, production of monoclonal antibodies, laboratory equipment production, and designing and manufacturing of medical devices, as well as provision of human tissues. The company also offers medical devices for surgeons, powered by Stemcis.

Full company description

Aton operates as a bioscience company in France. It engages in drug development, preclinical and clinical services, production of monoclonal antibodies, laboratory equipment production, and designing and manufacturing of medical devices, as well as provision of human tissues. The company also offers medical devices for surgeons, powered by Stemcis. The company was founded in 1998 and is headquartered in Strasbourg, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aton reported revenue of €661K in FY2025 versus €147K in FY2021, a compound +45.6%/yr. Reported net income was −€962K in FY2025.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€661K
Latest YoY
+7.7%
Avg. growth/yr (5Y) 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.
+34.4%
Avg. growth/yr (16Y) 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.
−10.9%
Revenue +45.6%/yr
FY21 €147K
FY22 €1.6K
FY23 €384K
FY24 €614K
FY25 €661K
Net income
FY21 €297K
FY22 −€564K
FY23 −€18.8M
FY24 −€1.1M
FY25 −€962K

ALTAO screens 14% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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

Peer Group

Biotechnology · 601 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 30 · Bottom 25%
Fair Value upside −14% · Above median
Return on assets -10% · Below median
Net margin (TTM) -18% · Bottom 25%
Operating margin (TTM) -170% · Bottom 25%
Revenue growth 18% · Above median
Debt / equity 28.05× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/S (TTM) 21.27× · Pricier than 75% of peers
P/FCF 98.4× · Pricier than 75% of peers

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 15 · sector 0
FUTURE 88 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 98
DIVIDEND 0 · sector 23

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jun 23, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Aton (ALTAO) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of €0.0100 versus a price of €0.0116, about −14% (overvalued).
What is the fair value of ALTAO?
Our model-based fair value for Aton is €0.0100 (as of Jun 23, 2026), built from audited fundamentals. The current price is €0.0116.
What is the quality score of ALTAO?
Aton has a Quality Score of 30/100. 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 Aton (ALTAO)?
Aton reported trailing-twelve-month revenue of about €657K (latest available figure, as of Jun 23, 2026).
What is the net profit margin of ALTAO?
The net profit margin of Aton is about -17.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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