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Witbe S.A (ALWIT) Fair Value & Analysis

Communication Services · FR · Market cap €12.7M

WS Witbe S.A ALWIT · PA
Price€3.10
Fair Value€3.92
Upside+26.5%
Quality49/100
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Expensive Growth
Loss-making · -3.5% net margin
Low debt · generates free cash flow
Trails peers (2/11)
Narrow moat 14/100
Evidence: High Range €3.39 – €4.38 Share as image

Fair value as of: Jul 14, 2026

From 15 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from €4.00 to €3.92 (−1.9%) since Jun 25, 2026.

Below-average quality, screening 27% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€3.39). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€9.73 €1.35 Fair Value €3.92 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €1.35 – €9.73 · fair‑value band €3.39 – €4.38 · the €3.10 price screens below the €3.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Witbe S.A (ALWIT) currently trades at €3.10, while our model-based Fair Value estimate is €3.92, implying the stock looks roughly 26.5% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Communication Services 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, Witbe S.A generated revenue of €19.6M at a net margin of -3.5%. Revenue grew 0.7% year over year. It earns a return on equity of -13.0%. Net debt stands at €1.9M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €3.39 (bear case) to €4.38 (bull case); at €3.10, the current price sits below 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 5% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at 27%, ALWIT 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 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 €1.31 €1.68 €2.23 80
Rev-Margin DCF €4.49 €7.51 €11.11 74
ROIC Compounder €24.14 €27.22 €29.77 72
All 15 models by family
DCF Models
FCF DCF €1.27 €1.66 €2.30 38
5Y Revenue Exit €4.49 €7.46 €11.79 39
5Y EBITDA Exit €21.70 €37.19 €57.68 41
10Y Revenue Exit €2.77 €4.58 €6.57 36
10Y EBITDA Exit €11.87 €20.28 €29.54 37
Earnings-Based
EPV €24.14 €27.07 €29.44 59
Dividend Discount
Gordon GGM €0.0100 €0.0100 €0.0200 70
DDM Multi-Stage €0.0100 €0.0200 €0.0200 61
Multiples
EV/EBIT €50.97 €68.04 €85.11 53
EV/EBITDA €46.91 €62.63 €78.35 54
EV/Revenue €8.08 €11.65 €15.22 43
Asset-Based
NCAV (Graham) €0.6600 €0.8800 €1.32 50
Growth DCF
Growth DCF €1.31 €1.68 €2.23 80
Rev-Margin DCF €4.49 €7.51 €11.11 74
Economic Profit
ROIC Compounder €24.14 €27.22 €29.77 72

Widest divergence: Multiples (€62.63) versus Dividend Discount (€0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €19.6M
Revenue growth (YoY) +0.7%
Net margin -3.5%
Return on equity -13.0%
Free cash flow €862K FY2025
Operating margin -3.2%
More key figures
EPS (TTM) €-0.1700
EPS growth (YoY) -69.3%
Net debt €1.9M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 52 · Market factors (momentum, volatility) 77

Profitability 36
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 81
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

Witbe S.A. provides digital services in France, Europe, the Middle East, Africa, Asia, the United States, and internationally. The company offers Witbe Suite software, including Remote Eye Controller for testing devices that is a lot less landlocked; Smartgate for analyzing data; and Workbench for programing scenarios.

Full company description

Witbe S.A. provides digital services in France, Europe, the Middle East, Africa, Asia, the United States, and internationally. The company offers Witbe Suite software, including Remote Eye Controller for testing devices that is a lot less landlocked; Smartgate for analyzing data; and Workbench for programing scenarios. It also offers WitboxOne, a streaming video testing and monitoring device; Witbox+ for testing up to four 4K or mobile devices simultaneously; WitboxNet for web testing; Witbe Cloud Devices, which offers secure access to testing and monitoring technology on a real, physical device without getting any wires involved; and Witbe Cloud OnDemand that provides access to specific testing and monitoring technology for a brief amount of time. In addition, the company provides mobile and smart TV automation, remote device access, QA test automation, video service and ad monitoring, and VoD asset checking solutions. Witbe S.A. was incorporated in 2000 and is headquartered in Nanterre, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Witbe S.A reported revenue of €19.6M in FY2025 versus €19.1M in FY2021, a compound +0.6%/yr. Reported net income was −€682K in FY2025.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€19.6M
Latest YoY
−12.1%
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.
−9.2%
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.
+6.3%
Avg. growth/yr (11Y) 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.
+2.2%
Revenue +0.6%/yr
FY21 €19.1M
FY22 €26.1M
FY23 €23.2M
FY24 €22.2M
FY25 €19.6M
Net income
FY21 €2.1M
FY22 €753K
FY23 −€1.5M
FY24 −€1.1M
FY25 −€682K

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Cite: Fair Value Calculator (2026). "Witbe S.A Fair Value". https://www.fairvalue-calculator.com/stock/ALWIT

Peer Group

Internet Content & Information · 151 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 49 · Below median
Fair Value upside +27% · Top 25%
Return on assets -13% · Bottom 25%
Net margin (TTM) -3% · Below median
Operating margin (TTM) -3% · Below median
Revenue growth 1% · Below median
Debt / equity 0.35× · Higher than 75% of peers

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/B 2.72× · Pricier than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 17.1× · 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 69 · sector 0
FUTURE 4 · sector 31
PAST 0 · sector 10
HEALTH 82 · sector 99
DIVIDEND 0 · sector 43

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 Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Baidu, Inc BIDU $113.30 $451.51 +299%
Reddit, Inc RDDT $195.34 $39.59 -80%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
REA Group REA A$149.14 A$88.53 -41%

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Frequently asked questions

Is Witbe S.A (ALWIT) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €3.92 versus a price of €3.10, about +27% (undervalued).
What is the fair value of ALWIT?
Our model-based fair value for Witbe S.A is €3.92 (as of Jul 14, 2026), built from audited fundamentals. The current price is €3.10.
What is the quality score of ALWIT?
Witbe S.A has a Quality Score of 49/100. 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 Witbe S.A (ALWIT)?
Witbe S.A reported trailing-twelve-month revenue of about €19.6M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of ALWIT?
The net profit margin of Witbe S.A is about -3.5%, 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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