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Deezer S.A (DEEZR) Fair Value & Analysis

Communication Services · FR · Market cap €130M

DS Deezer S.A DEEZR · PA
Price€1.15
Fair Value€1.28
Upside+11.6%
Quality50/100
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Mixed Growth
Thin margins · 1.6% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 25/100
Evidence: High Range €0.9605 – €1.54 Share as image

Fair value as of: Jul 14, 2026

From 21 valuation models · updated 27 days ago

Share price +13.9% over the past month.

A solid business, screening 12% undervalued on our models.

What matters now

  • Our model range runs from €0.9605 (bear) to €1.54 (bull), base €1.28. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€10.50 €0.9500 Fair Value €1.28 Jul 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 €0.9500 – €10.50 · fair‑value band €0.9605 – €1.54 · the €1.15 price screens below the €1.28 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

Deezer S.A (DEEZR) currently trades at €1.15, while our model-based Fair Value estimate is €1.28, implying the stock looks roughly 11.6% undervalued today. The Quality Score stands at 50/100 (solid 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, Deezer S.A generated revenue of €534M at a net margin of 1.6%. Revenue declined 2.5% year over year. The balance sheet holds a net cash position of €38.5M. The stock trades on a trailing P/E of 22.5. Fundamentals as of Jul 14, 2026

Our scenario range runs from €0.9605 (bear case) to €1.54 (bull case); at €1.15, 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 17% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at 12%, DEEZR 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 €1.59 €2.23 €3.12 80
Rev-Margin DCF €1.36 €1.91 €2.65 74
ROIC Compounder €0.9400 €0.9900 €1.03 72
All 21 models by family
DCF Models
FCF DCF €1.63 €2.39 €3.55 38
Owner Earnings €1.41 €2.03 €2.97 31
5Y Revenue Exit €1.36 €1.92 €2.67 39
5Y EBITDA Exit €1.60 €2.42 €3.47 41
5Y P/E Exit €1.58 €2.39 €3.34 38
10Y Revenue Exit €1.43 €1.96 €2.77 36
10Y EBITDA Exit €1.59 €2.28 €3.37 37
10Y P/E Exit €1.58 €2.27 €3.27 35
Earnings-Based
Graham-Dodd €0.4700 €2.48 €3.43 54
Lynch FV €0.6800 €0.9700 €1.27 50
PEG = 1.0 €0.6800 €0.9700 €1.27 46
EPV €0.9400 €0.9900 €1.03 59
Multiples
P/E Multiple €1.13 €1.51 €1.89 63
P/S Multiple €0.8700 €1.17 €1.46 58
EV/EBIT €1.42 €1.72 €2.02 53
EV/EBITDA €1.67 €2.06 €2.44 54
EV/Revenue €1.20 €1.49 €1.79 43
Growth DCF
Growth DCF €1.59 €2.23 €3.12 80
Rev-Margin DCF €1.36 €1.91 €2.65 74
Economic Profit
ROIC Compounder €0.9400 €0.9900 €1.03 72
Growth Earnings
Growth-Adj P/E €1.03 €1.48 €1.92 68

Widest divergence: DCF Models (€2.27) versus Earnings-Based (€0.9700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €534M
Revenue growth (YoY) -2.5%
Net margin 1.6%
Free cash flow €14.0M FY2025
P/E ratio 21.0
Operating margin 1.4%
More key figures
EPS (TTM) €0.0500
Net cash €38.5M FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 48

Profitability 64
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 0
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

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€534M
Latest YoY
−1.4%
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.
+5.8%
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.
+7.1%
Avg. growth/yr (13Y) 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.
+17.8%
Revenue +7.5%/yr
FY21 €400M
FY22 €451M
FY23 €485M
FY24 €542M
FY25 €534M
Net income
FY21 −€123M
FY22 −€168M
FY23 −€57.7M
FY24 −€25.9M
FY25 €8.5M

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

Peer Group

Entertainment · 265 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 50 · Above median
Fair Value upside +12% · Above median
Return on assets -0% · Below median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 1% · Above median
Revenue growth -3% · Below median

Valuation Multiples vs Entertainment median · lower = cheaper

P/E (TTM) 21.0× · Pricier than median
P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 10.7× · Pricier than median
EV/EBITDA 55.9× · Pricier 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 49 · sector 6
FUTURE 0 · sector 10
PAST 0 · sector 0
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is Deezer S.A (DEEZR) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €1.28 versus a price of €1.15, about +12% (undervalued).
What is the fair value of DEEZR?
Our model-based fair value for Deezer S.A is €1.28 (as of Jul 14, 2026), built from audited fundamentals. The current price is €1.15.
What is the quality score of DEEZR?
Deezer S.A has a Quality Score of 50/100. 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 Deezer S.A (DEEZR)?
Deezer S.A reported trailing-twelve-month revenue of about €534M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of DEEZR?
The net profit margin of Deezer S.A is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. 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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