TOUAX (ALTOU) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of TOUAX €5.00, price €3.58, upside +39.7%, quality 52 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 23, 2026.
How to read this chart
60‑month range €3.16 – €8.30 · fair‑value band €4.40 – €6.45 · the €3.58 price screens below the €5.00 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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Touax SCA engages in the provision of leasing, management, and sale of standard and flexible mobile equipment used for the transport of goods in Europe, Africa, Asia, North America, South America, and internationally. The company operates through three segments: Freight Railcars, River Barges, and Containers.
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Touax SCA engages in the provision of leasing, management, and sale of standard and flexible mobile equipment used for the transport of goods in Europe, Africa, Asia, North America, South America, and internationally. The company operates through three segments: Freight Railcars, River Barges, and Containers. Its fleet consists of various railcars, such as intermodal railcars used to transport standard containers used for maritime transport or swap bodies; flatbed railcars used to transport semi-trailers; car-carrying railcars, used to transport automobiles or large-capacity vehicles, such as pickup trucks by rail; coil cars, which are specially designed to transport large coils of steel, cables, wires, and other similar coiled materials; sliding-door cars; and hopper and powder cars used to transport bulk materials. The company is also involved in construction and sale of modular buildings; leasing and related services; railcar maintenance; and asset management; as well as sale of components used in railcars. As of December 31, 2025, the company owned and managed a container fleet of 305,135 twenty-foot equivalent units. Touax SCA was founded in 1853 and is headquartered in La Défense, France.
Stock analysis
TOUAX (ALTOU) currently trades at €3.58, while our model-based Fair Value estimate is €5.00, implying the stock looks roughly 28.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €8.37 per share, and 19 of the 22 models we run sit above the €3.58 price.
Bear case: the Dividend Discount group reads lowest at €1.44, and 3 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: €4.40 (bear) to €6.45 (bull), the price of €3.58 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 52/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TOUAX reported revenue of €182M in FY2025 versus €167M in FY2021, a compound +2.2%/yr. Reported net income was €1.7M in FY2025, compounding −39.2%/yr from FY2021.
Key figures
Market cap €28.0M · P/E ratio 14.3 · P/S ratio 0.13 · EPS (TTM) €0.2500 · Dividend yield 2.8% · Net margin 0.9% · Return on equity 1.2% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 40%, ALTOU screens cheaper than that median.
Fair Value models
Bear €4.40Fair Value €5.00Bull €6.45
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 (€0.1101 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.1%
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.
−4.7%
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.
+2.2%
Start year 2020 (pandemic). Over 10 years: −6.3% a year
Revenue growth 23 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.
+0.9%
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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.
−25.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.1%
Dividend (yield on the price)2.8%
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.14% → 20%
⚠ Revenue per share shrinking 7.4%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+44.5%
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 +41.4% 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.Rental & Leasing Services · 95 stocks
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). "TOUAX Fair Value". https://www.fairvalue-calculator.com/stock/ALTOU
Frequently asked questions
Is TOUAX (ALTOU) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €5.00 versus a price of €3.58, about +40% upside (undervalued).
What is the fair value of ALTOU?
Our model-based fair value for TOUAX is €5.00 (as of Sep 23, 2026), built from audited fundamentals. The current price: €3.58.
What is the quality score of ALTOU?
TOUAX has a Quality Score of 52/100. 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 TOUAX (ALTOU)?
Our model-based price target is the fair value of €5.00 (as of Sep 23, 2026) from 22 valuation models. Cautious scenario €4.40, optimistic scenario €6.45. It is a calculation from audited fundamentals, not an analyst target.
What is the TOUAX stock forecast for 2026?
Our models put fair value at €5.00, about +40% upside versus a price of €3.58 (undervalued). Cautious scenario €4.40, optimistic scenario €6.45. The calculation is refreshed regularly with new filings.
What is the revenue of TOUAX (ALTOU)?
TOUAX reported trailing-twelve-month revenue of about €182M (latest available figure, as of Sep 23, 2026).
Does TOUAX pay a dividend?
TOUAX currently shows a dividend yield of about 2.79% relative to its recent price (as of Sep 23, 2026).
What growth is priced into TOUAX (ALTOU)?
For today's price to be fair in a discounted-cash-flow model, TOUAX would have to grow free cash flow by +44.5 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.2 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ALTOU use?
Our models discount TOUAX at 10.5 %: a base by market capitalisation (nano), damped by beta 1.08, 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 TOUAX that is +44.5 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has TOUAX (ALTOU) delivered so far?
Over the past 5 years revenue at TOUAX grew +2.2 % a year. The price currently implies +44.5 % 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 TOUAX (ALTOU) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into TOUAX (+44.5 % 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 TOUAX (ALTOU)?
The free-cash-flow yield on the price is 13.19 %: that much free cash flow TOUAX produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TOUAX (ALTOU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TOUAX it is €5.00 per share (as of Sep 23, 2026), against a price of €3.58. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is TOUAX stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALTOU trades below its calculated fair value: price €3.58, fair value €5.00, a gap of about +40% (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 ALTOU?
No. The price is what the market pays today (€3.58); the fair value is what the company's own numbers justify (€5.00). For TOUAX the two are €1.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is TOUAX worth?
The market values TOUAX at about €28.0M (market capitalisation, as of Sep 23, 2026). Per share that is €3.58; our models calculate a fair value of €5.00 per share.
What do the bullish and bearish scenarios say about ALTOU?
Our models span a range for TOUAX: cautious scenario €4.40, base €5.00, optimistic €6.45 per share (as of Sep 23, 2026, price €3.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALTOU?
TOUAX trades at a price-to-earnings ratio of 14.3 (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 €5.00 is built from several models across several years. Other multiples: PEG 0.9, P/B 0.5, P/S 0.2, EV/EBITDA 5.1.
What is the PEG ratio of ALTOU?
The PEG ratio of TOUAX is 0.85 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TOUAX (ALTOU)?
Balance-sheet figures for TOUAX (as of Sep 23, 2026): return on equity 1.2%, debt of 3.92 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is ALTOU from its 52-week high?
TOUAX trades at €3.58, about 26% below its 52-week high of €4.84 and 4% above the low of €3.45 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €5.00 is for.
Which stocks are comparable to TOUAX?
From the same area (Industrials) we also value United Rentals, Inc, Sunbelt Rentals Holdings, AerCap Holdings, U-Haul Holding, 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 TOUAX stock attractive at the current price?
The data as of Sep 23, 2026: price €3.58, calculated fair value €5.00 (+40%), Quality Score 52/100, from 22 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 ALTOU calculated?
We run TOUAX through 22 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 €5.00, 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 13.0 % above its aggregate fair value. TOUAX currently trades 40 % 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 TOUAX (ALTOU)?
The closing price on Sep 24, 2026 was €3.58. Our model-based fair value is €5.00, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TOUAX right now?
The price is below even our cautious bear case (€4.40). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of TOUAX
How large is the market capitalisation of TOUAX (ALTOU)?
The market capitalisation of TOUAX is €28.0M. 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 TOUAX (ALTOU)?
The price-to-sales ratio of TOUAX is 0.13 (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 TOUAX (ALTOU)?
Earnings per share at TOUAX are €0.2500 (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TOUAX (ALTOU)?
The dividend yield of TOUAX is 2.8% (payout 40.0%). 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 TOUAX (ALTOU)?
The net margin of TOUAX is 0.9% (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 TOUAX (ALTOU)?
The return on equity (ROE) of TOUAX is 1.2% (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 TOUAX (ALTOU)?
On an EBIT basis the return on assets of TOUAX is 5.2% (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 TOUAX (ALTOU)?
The operating margin of TOUAX is 7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TOUAX (ALTOU)?
Revenue at TOUAX is growing −16.4% versus a year earlier (3y avg −4.7%). 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 TOUAX (ALTOU)?
Earnings per share at TOUAX are growing −35.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TOUAX (ALTOU) carry?
The net debt of TOUAX is €326M (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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