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Tractial S.A (ALTRA) Fair Value & Analysis

Technology · FR · Market cap €14.3M

TS Tractial S.A ALTRA · PA
Price€2.00
Fair Value€1.50
Upside-25.0%
Quality90/100
Evidence: Low Range €1.12 – €1.87

Fair value as of: Jun 24, 2026

From 4 valuation models · updated 5 days ago

Share price −23.0% over the past month.

Price vs Fair Value (12 months)

€5.23 €1.64 Fair Value €1.50 Jul 2025 Jun 2026

12‑month range €1.64 – €5.23 · fair‑value band €1.12 – €1.87 · the €2.00 price screens above the €1.50 fair value. As of Jun 24, 2026.

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Analysis

Tractial S.A (ALTRA) currently trades at €2.00, while our model-based Fair Value estimate is €1.50 — implying the stock looks roughly 25.0% overvalued today. We read business quality at 90/100 (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: low).

Over the trailing twelve months, Tractial S.A generated revenue of €2.5M at a net margin of -4.3%. Revenue grew 58.4% year over year. It earns a return on equity of -6.8%. The stock trades on a trailing P/E of 15.1. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €2.5M
Revenue growth (YoY) +58.4%
Net margin -4.3%
Return on equity -6.8%
Free cash flow −€1.2M FY2024
P/E ratio 15.1
More key figures
Operating margin -30.4%
EPS (TTM) €0.1700
Net debt €504K FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Tractial S.A. provides payment solution services in France. Its products include StarPass, a payment solution used in gaming; Toneo First, a prepaid payment card; PayDuo, a mobile payment application; and Payment.net, an online payment processing platform. Tractial S.A. was formerly known as BD Multimedia SA and changed its name to Tractial S.A. in August 2025. Tractial S.A. was incorporated in 1986 and is based in Paris, France.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Tractial S.A reported revenue of €2.5M in FY2024 versus €1.7M in FY2020, a compound +10.2%/yr. Reported net income was −€107K in FY2024.

Revenue +10.2%/yr
FY20 €1.7M
FY21 €1.4M
FY22 €2.0M
FY23 €2.0M
FY24 €2.5M
Net income
FY20 −€364K
FY21 €29.0K
FY22 −€556K
FY23 −€1.3M
FY24 −€107K

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Frequently asked questions

Is Tractial S.A (ALTRA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €1.50 versus a price of €2.00 — about −25% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ALTRA?
Our 21-model fair value for Tractial S.A is €1.50 (as of Jun 24, 2026), built from audited fundamentals. The current price is €2.00.
What is the quality score of ALTRA?
Tractial S.A has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tractial S.A (ALTRA)?
Tractial S.A reported trailing-twelve-month revenue of about €2.5M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ALTRA?
The net profit margin of Tractial S.A is about -4.3%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.