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Voyageurs du Monde SA (ALVDM) Fair Value & Analysis

Consumer Cyclical · FR · Market cap €796M

VD Voyageurs du Monde SA ALVDM · PA
Price€178.50
Fair Value€201.87
Upside+13.1%
Quality56/100
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Healthy Growth
Thin margins · 6.2% net margin
Low debt · generates free cash flow
3.77% dividend yield
Ranks above peers (9/14)
Moderate moat 60/100
Evidence: High Range €151.40 – €251.81 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 22 days ago

Share price +0.8% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • Our model range runs from €151.40 (bear) to €251.81 (bull), base €201.87. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€178.50 €66.53 Fair Value €201.87 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €66.53 – €178.50 · fair‑value band €151.40 – €251.81 · the €178.50 price screens below the €201.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Voyageurs du Monde SA (ALVDM) currently trades at €178.50, while our model-based Fair Value estimate is €201.87, implying the stock looks roughly 13.1% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Voyageurs du Monde SA generated revenue of €785M at a net margin of 6.2%. Revenue grew 4.8% year over year. It earns a return on equity of 26.2%. The balance sheet holds a net cash position of €219M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €151.40 (bear case) to €251.81 (bull case); at €178.50, the current price sits within 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 1% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at 13%, ALVDM 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 €166.42 €243.33 €357.51 80
Residual Income €60.33 €77.57 €219.01 76
Rev-Margin DCF €174.28 €272.18 €402.92 74
All 26 models by family
DCF Models
FCF DCF €169.21 €259.27 €403.23 38
Owner Earnings €155.02 €234.46 €361.44 31
5Y Revenue Exit €174.28 €275.45 €415.56 39
5Y EBITDA Exit €179.63 €286.82 €423.91 41
5Y P/E Exit €197.06 €323.84 €472.77 38
10Y Revenue Exit €166.72 €257.87 €402.80 36
10Y EBITDA Exit €173.88 €265.61 €409.37 37
10Y P/E Exit €184.58 €290.84 €447.85 35
Earnings-Based
Graham-Dodd €73.41 €378.08 €522.67 54
Lynch FV €103.22 €147.46 €191.70 50
PEG = 1.0 €103.22 €147.46 €191.70 46
EPV €133.00 €144.49 €154.06 59
Dividend Discount
Gordon GGM €38.69 €69.71 €95.96 70
DDM Multi-Stage €38.69 €63.68 €74.47 61
Multiples
P/E Multiple €178.12 €237.49 €296.86 63
P/S Multiple €137.64 €183.51 €229.39 58
P/B Multiple €137.64 €183.51 €229.39 55
EV/EBIT €241.78 €306.11 €370.44 53
EV/EBITDA €197.28 €246.77 €296.26 54
EV/Revenue €178.89 €234.64 €290.39 43
Asset-Based
NCAV (Graham) €25.78 €34.55 €51.56 50
Growth DCF
Growth DCF €166.42 €243.33 €357.51 80
Rev-Margin DCF €174.28 €272.18 €402.92 74
Economic Profit
Residual Income €60.33 €77.57 €219.01 76
ROIC Compounder €134.35 €147.46 €159.31 72
Growth Earnings
Growth-Adj P/E €158.98 €227.12 €295.25 68

Widest divergence: DCF Models (€265.61) versus Asset-Based (€34.55). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €785M
Revenue growth (YoY) +4.8%
Net margin 6.2%
Return on equity 26.2%
Free cash flow €49.0M FY2025
P/E ratio 15.7
More key figures
Operating margin 12.3%
EPS (TTM) €11.34
Dividend yield 3.8%
EPS growth (YoY) -11.8%
Net cash €219M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 70

Profitability 63
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 14
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

Voyageurs du Monde SA operates as a travel agency in France and internationally. It organizes honeymoons, family holidays, romantic weekend trips, summer holidays, cruise tours, world tours, diving, and trips to Japan, Italy, Egypt, Australia, South Africa, Indonesia, the United States, Brazil, and Greece.

Full company description

Voyageurs du Monde SA operates as a travel agency in France and internationally. It organizes honeymoons, family holidays, romantic weekend trips, summer holidays, cruise tours, world tours, diving, and trips to Japan, Italy, Egypt, Australia, South Africa, Indonesia, the United States, Brazil, and Greece. The company was incorporated in 1979 and is based in Paris, France. Voyageurs du Monde SA is a subsidiary of Avantage SA.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Voyageurs du Monde SA reported revenue of €785M in FY2025 versus €152M in FY2021, a compound +50.8%/yr. Reported net income was €48.4M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€785M
Latest YoY
+6.8%
Avg. growth/yr (3Y)
+16.4%
Avg. growth/yr (5Y)
+46.3%
Avg. growth/yr (21Y)
+8.7%
Revenue +50.8%/yr
FY21 €152M
FY22 €497M
FY23 €694M
FY24 €735M
FY25 €785M
Net income
FY21 −€333K
FY22 €29.9M
FY23 €44.1M
FY24 €47.5M
FY25 €48.4M

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Cite: Fair Value Calculator (2026). "Voyageurs du Monde SA Fair Value". https://www.fairvalue-calculator.com/stock/ALVDM

Peer Group

Travel Services · 90 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 56 · Above median
Fair Value upside +13% · Above median
Return on equity (TTM) 26% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 5% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Travel Services median · lower = cheaper

P/E (TTM) 15.7× · Cheaper than median
P/B 3.98× · Pricier than 75% of peers
P/S (TTM) 1.17× · Pricier than median
P/FCF 18.8× · Pricier than 75% of peers
EV/EBITDA 9.6× · 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 51 · sector 22
FUTURE 24 · sector 25
PAST 100 · sector 36
HEALTH 99 · sector 97
DIVIDEND 75 · sector 36

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 Travel Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Booking Holdings BKNG $182.80 $152.94 -16%
Airbnb, Inc ABNB $148.62 $57.47 -61%
Royal Caribbean Cruises Ltd RCL $286.96 $215.19 -25%
Viking Holdings VIK $100.69 $43.51 -57%
Carnival Corporation CCL $26.41 $31.36 +19%
Expedia Group EXPE $268.77 $248.63 -7%
Trip.com Group TCOM $42.45 $88.82 +109%
Norwegian Cruise Line Holdings NCLH $19.46 $20.28 +4%
Global Business Travel Group GBTG $9.40 $4.17 -56%
Travel + Leisure Co TNL $73.27 $27.29 -63%

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Frequently asked questions

Is Voyageurs du Monde SA (ALVDM) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €201.87 versus a price of €178.50, about +13% (undervalued).
What is the fair value of ALVDM?
Our model-based fair value for Voyageurs du Monde SA is €201.87 (as of Jul 18, 2026), built from audited fundamentals. The current price is €178.50.
What is the quality score of ALVDM?
Voyageurs du Monde SA has a Quality Score of 56/100. 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 Voyageurs du Monde SA (ALVDM)?
Voyageurs du Monde SA reported trailing-twelve-month revenue of about €785M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ALVDM?
The net profit margin of Voyageurs du Monde SA is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Voyageurs du Monde SA pay a dividend?
Voyageurs du Monde SA currently shows a dividend yield of about 4.59% relative to its recent price (as of Jul 18, 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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