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WINFARM Société anonyme (ALWF) Fair Value & Analysis

Industrials · FR · Market cap €7.9M

WS WINFARM Société anonyme ALWF · PA
Price€3.99
Fair Value€3.13
Upside-21.5%
Quality53/100
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Mixed Growth
Loss-making · -0.6% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 22/100
Evidence: Medium Range €1.93 – €4.33 Share as image

Fair value as of: Jul 19, 2026

From 10 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from €24.19 to €3.13 (−87.0%) since Jun 25, 2026. Share price +3.4% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€1.93 to €4.33) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€38.50 €3.30 Fair Value €3.13 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €3.30 – €38.50 · fair‑value band €1.93 – €4.33 · the €3.99 price screens above the €3.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

WINFARM Société anonyme (ALWF) currently trades at €3.99, while our model-based Fair Value estimate is €3.13, implying the stock looks roughly 21.5% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials 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, WINFARM Société anonyme generated revenue of €147M at a net margin of -0.6%. Revenue grew 6.0% year over year. It earns a return on equity of -5.3%. Net debt stands at €25.7M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €1.93 (bear case) to €4.33 (bull case); at €3.99, 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 24% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at -21%, ALWF screens richer 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 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
Highest evidence
Growth DCF €22.07 €32.85 €45.65 80
Rev-Margin DCF €5.09 €7.78 €11.19 74
EV/EBITDA €19.18 €28.45 €37.71 54
All 10 models by family
DCF Models
FCF DCF €22.09 €34.72 €50.75 38
Owner Earnings €5.57 €11.41 €18.81 31
5Y Revenue Exit €5.09 €7.10 €8.91 39
5Y EBITDA Exit €18.59 €32.59 €48.69 41
10Y Revenue Exit €12.34 €15.94 €19.72 36
10Y EBITDA Exit €19.76 €31.14 €45.88 37
Multiples
EV/EBITDA €19.18 €28.45 €37.71 54
Asset-Based
NCAV (Graham) €3.85 €5.16 €7.70 50
Growth DCF
Growth DCF €22.07 €32.85 €45.65 80
Rev-Margin DCF €5.09 €7.78 €11.19 74

Widest divergence: Multiples (€28.45) versus Asset-Based (€5.16). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €147M
Revenue growth (YoY) +6.0%
Net margin -0.6%
Return on equity -5.3%
Free cash flow €7.3M FY2025
Operating margin -0.1%
More key figures
EPS (TTM) €-0.4200
Net debt €25.7M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 41

Profitability 25
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
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

WINFARM Société anonyme engages in the provision of consulting, services, and supplies of equipment and solutions to the agricultural and livestock industry worldwide.

Full company description

WINFARM Société anonyme engages in the provision of consulting, services, and supplies of equipment and solutions to the agricultural and livestock industry worldwide. The company is also involved in the design and manufactures of food supplements and hygiene products for livestock; sale of agricultural supplies under the VITAL CONCEPT brand for the mixed crop-livestock market; and operates Bel Orient farm. In addition, it provides technical advice services; and training courses for professionals in agriculture, industry, construction, service sector, and local authorities. The company was founded in 1990 and is headquartered in Loudéac, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WINFARM Société anonyme reported revenue of €146M in FY2025 versus €108M in FY2021, a compound +7.9%/yr. Reported net income was −€831K in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€146M
Latest YoY
+6.1%
Avg. growth/yr (3Y) 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.
+3.8%
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.
+8.2%
Avg. growth/yr (7Y) 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.
+8.9%
Revenue +7.9%/yr
FY21 €108M
FY22 €131M
FY23 €138M
FY24 €138M
FY25 €146M
Net income
FY21 €1.4M
FY22 €600K
FY23 −€3.1M
FY24 −€3.8M
FY25 −€831K

ALWF screens 21% overvalued. Compare with Caterpillar Inc →

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Cite: Fair Value Calculator (2026). "WINFARM Société anonyme Fair Value". https://www.fairvalue-calculator.com/stock/ALWF

Peer Group

Farm & Heavy Construction Machinery · 148 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 53 · Above median
Fair Value upside −22% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 6% · Below median
Debt / equity 1.35× · Higher than 75% of peers

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/B 0.59× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 1.3× · Cheaper than median
EV/EBITDA 6.5× · Cheaper 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 5 · sector 22
FUTURE 30 · sector 30
PAST 0 · sector 32
HEALTH 32 · sector 93
DIVIDEND 0 · sector 40

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is WINFARM Société anonyme (ALWF) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €3.13 versus a price of €3.99, about −21% (overvalued).
What is the fair value of ALWF?
Our model-based fair value for WINFARM Société anonyme is €3.13 (as of Jul 19, 2026), built from audited fundamentals. The current price is €3.99.
What is the quality score of ALWF?
WINFARM Société anonyme has a Quality Score of 53/100. 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 WINFARM Société anonyme (ALWF)?
WINFARM Société anonyme reported trailing-twelve-month revenue of about €147M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of ALWF?
The net profit margin of WINFARM Société anonyme is about -0.6%, 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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