Deezer S.A. (DEEZR) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Deezer S.A. stock €1.50, price €1.20, upside +25.0%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €0.9500 – €10.50 · fair‑value band €1.13 – €1.80 · the €1.20 price screens below the €1.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Deezer S.A. provides music, lossless HiFi audio, and industry-defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally. The company operates through three segments: Direct, Partnerships, and Other segments.
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It also offers advertising services, as well as a streaming music service through the website and a mobile application, live radio, podcasts, and ancillary services. The company is based in Paris, France.
Stock analysis
Deezer S.A. (DEEZR) currently trades at €1.20, while our model-based Fair Value estimate is €1.50, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €2.06 per share, and 15 of the 21 models we run sit above the €1.20 price.
Bear case: the Earnings-Based group reads lowest at €0.7850, and 6 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €1.13 (bear) to €1.80 (bull), the price of €1.20 sits inside 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 56/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Deezer S.A. reported revenue of €534M in FY2025 versus €400M in FY2021, a compound +7.5%/yr. Reported net income was €8.5M in FY2025.
Key figures
Market cap €190M Micro · P/E ratio 7.5 · P/S ratio 0.35 · EPS (TTM) €0.1600 · Net margin 4.3% · Return on assets (EBIT) −41.0% (5-year average) · Operating margin 3.9% · Revenue (TTM) €535M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −13% fair-value upside, at 25%, DEEZR screens cheaper than that median.
Fair Value models
Bear€1.13Fair Value €1.50Bull€1.80
Price €1.20 · Upside +25.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.1372 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.4%
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.
+5.8%
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.
+7.1%
Start year 2020 (pandemic)
Revenue growth 13 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.
+17.8%
’12
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’19
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’25
Profit margin (trend) ⓘ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.
−23.3% (2020) → 1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
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).
+2.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +0.7% a year for the price and +3.5% for the forecasts.
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.Entertainment · 221 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+27.1% · Above median
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets3.6% · Above median
Net margin (12 months)4.3% · Above median
Operating margin (12 months)3.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.4% · Below median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Entertainment median · lower = cheaper
P/E (12 months)7.5× · Cheapest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)0.35× · Cheapest 25%
Price / free cash flow (fiscal year)13.3× · Cheaper than median
EV/EBITDA9.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)69· sector 30
FUTURE (revenue growth)2· sector 22
PAST (return on equity)0· sector 5
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 46
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Deezer S.A. Fair Value". https://www.fairvalue-calculator.com/stock/DEEZR
Frequently asked questions
Is Deezer S.A. (DEEZR) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €1.50 versus a price of €1.20, about +25% upside (undervalued).
What is the fair value of DEEZR?
Our model-based fair value for Deezer S.A. is €1.50 (as of Nov 6, 2026), built from audited fundamentals. The current price: €1.20.
What is the quality score of DEEZR?
Deezer S.A. 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 price target for Deezer S.A. (DEEZR)?
Our model-based price target is the fair value of €1.50 (as of Nov 6, 2026) from 21 valuation models. Cautious scenario €1.13, optimistic scenario €1.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Deezer S.A. stock forecast for 2026?
Our models put fair value at €1.50, about +25% upside versus a price of €1.20 (undervalued). Cautious scenario €1.13, optimistic scenario €1.80. The calculation is refreshed regularly with new filings.
What is the revenue of Deezer S.A. (DEEZR)?
Deezer S.A. reported trailing-twelve-month revenue of about €535M (latest available figure, as of Nov 6, 2026).
What growth is priced into Deezer S.A. (DEEZR)?
For today's price to be fair in a discounted-cash-flow model, Deezer S.A. would have to grow free cash flow by +2.9 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of DEEZR use?
Our models discount Deezer S.A. at 13.3 %: a base by market capitalisation (micro), 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 Deezer S.A. that is +2.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Deezer S.A. (DEEZR) delivered so far?
Over the past 5 years revenue at Deezer S.A. grew +7.1 % a year. The price currently implies free-cash-flow growth of +2.9 % per 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 Deezer S.A. (DEEZR) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Deezer S.A. (+2.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Deezer S.A. (DEEZR)?
The free-cash-flow yield on the price is 7.38 %: that much free cash flow Deezer S.A. produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Deezer S.A. (DEEZR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Deezer S.A. it is €1.50 per share (as of Nov 6, 2026), against a price of €1.20. It is the blended result of 21 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Deezer S.A. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DEEZR trades below its calculated fair value: price €1.20, fair value €1.50, a gap of about +25% (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 DEEZR?
No. The price is what the market pays today (€1.20); the fair value is what the company's own numbers justify (€1.50). For Deezer S.A. the two are €0.3000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Deezer S.A. worth?
The market values Deezer S.A. at about €190M (market capitalisation, as of Nov 6, 2026). Per share that is €1.20; our models calculate a fair value of €1.50 per share.
What do the bullish and bearish scenarios say about DEEZR?
Our models span a range for Deezer S.A.: cautious scenario €1.13, base €1.50, optimistic €1.80 per share (as of Nov 6, 2026, price €1.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DEEZR?
Deezer S.A. trades at a price-to-earnings ratio of 7.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €1.50 is built from several models across several years. Other multiples: P/S 0.3, EV/EBITDA 9.0.
How solid is the balance sheet of Deezer S.A. (DEEZR)?
Balance-sheet figures for Deezer S.A. (as of Nov 6, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is DEEZR from its 52-week high?
Deezer S.A. trades at €1.20, about 12% below its 52-week high of €1.36 and 26% above the low of €0.9500 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €1.50 is for.
Which stocks are comparable to Deezer S.A.?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, 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 Deezer S.A. stock attractive at the current price?
The data as of Nov 6, 2026: price €1.20, calculated fair value €1.50 (+25%), Quality Score 56/100, from 21 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 DEEZR calculated?
We run Deezer S.A. through 21 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €1.50 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Deezer S.A. currently trades 20% 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 Deezer S.A. (DEEZR)?
The closing price on Nov 9, 2026 was €1.20. Our model-based fair value is €1.50, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Deezer S.A. right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Deezer S.A.
How large is the market capitalisation of Deezer S.A. (DEEZR)?
The market capitalisation of Deezer S.A. is €190M. 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 Deezer S.A. (DEEZR)?
The price-to-sales ratio of Deezer S.A. is 0.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Deezer S.A. (DEEZR)?
Earnings per share at Deezer S.A. are €0.1600 (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Deezer S.A. (DEEZR)?
The net margin of Deezer S.A. is 4.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Deezer S.A. (DEEZR)?
On an EBIT basis the return on assets of Deezer S.A. is −41.0% (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 Deezer S.A. (DEEZR)?
The operating margin of Deezer S.A. is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Deezer S.A. (DEEZR)?
Revenue at Deezer S.A. is growing +0.4% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Deezer S.A. (DEEZR) hold?
Deezer S.A. holds more cash than debt, €38.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 6, 2026