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Elve S.A (ELBE) Fair Value & Analysis

Consumer Cyclical · GR · Market cap €19.0M

ES Elve S.A ELBE · AT
Price€6.10
Fair Value€4.37
Upside-28.4%
Quality53/100
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Weak Growth
Solidly profitable · 19.5% net margin
Low debt
Ranks above peers (8/13)
Wide moat 67/100
Evidence: Medium Range €4.19 – €6.19 Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 24 days ago

Share price −0.8% over the past month.

A solid business, but screening 28% 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.
  • Our model range runs from €4.19 (bear) to €6.19 (bull), base €4.37. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

€6.30 €3.51 Fair Value €4.37 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €3.51 – €6.30 · fair‑value band €4.19 – €6.19 · the €6.10 price screens above the €4.37 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Elve S.A (ELBE) currently trades at €6.10, while our model-based Fair Value estimate is €4.37, implying the stock looks roughly 28.4% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical 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, Elve S.A generated revenue of €15.7M at a net margin of 19.5%. Revenue grew 41.3% year over year. It earns a return on equity of 15.2%. The stock trades on a trailing P/E of 9.4. Fundamentals as of Jul 17, 2026

Our scenario range runs from €4.19 (bear case) to €6.19 (bull case); at €6.10, 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 6% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -28%, ELBE 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
Residual Income €3.82 €3.59 €2.82 76
ROIC Compounder €3.20 €3.45 €3.65 72
Growth-Adj P/E €2.95 €4.22 €5.48 68
All 13 models by family
DCF Models
Owner Earnings €4.27 €5.09 €6.41 31
Earnings-Based
Graham-Dodd €1.73 €2.11 €2.37 54
EPV €3.20 €3.45 €3.65 59
Multiples
P/E Multiple €4.19 €5.58 €6.98 63
P/S Multiple €3.23 €4.31 €5.39 58
P/B Multiple €3.23 €4.31 €5.39 55
EV/EBIT €7.31 €9.38 €11.45 53
EV/EBITDA €7.02 €8.99 €10.96 54
EV/Revenue €4.84 €6.45 €8.05 43
Asset-Based
NCAV (Graham) €2.85 €3.81 €5.69 50
Economic Profit
Residual Income €3.82 €3.59 €2.82 76
ROIC Compounder €3.20 €3.45 €3.65 72
Growth Earnings
Growth-Adj P/E €2.95 €4.22 €5.48 68

Widest divergence: Multiples (€5.58) versus Earnings-Based (€2.11). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €15.7M
Revenue growth (YoY) +41.3%
Net margin 19.5%
Return on equity 15.2%
P/E ratio 9.4
Operating margin 32.8%
More key figures
EPS (TTM) €0.6110
EPS growth (YoY) +90.8%

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 48 · Market factors (momentum, volatility) 64

Profitability 31
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 80
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

Elve S.A. designs, manufactures, and sells ready-made garments in France and internationally. The company offers uniform clothing for business premises, such as museums, banks, restaurants, casinos, hotels, and other organizations; T-shirts, hoodies, and polos for customer service sectors, including supermarket and store employees, large corporations, gas …

Full company description

Elve S.A. designs, manufactures, and sells ready-made garments in France and internationally. The company offers uniform clothing for business premises, such as museums, banks, restaurants, casinos, hotels, and other organizations; T-shirts, hoodies, and polos for customer service sectors, including supermarket and store employees, large corporations, gas stations, and telecommunication stores; labor clothing, such as sleeves, work pants, waterproof clothes, overalls, safety shoes, reflective clothing, gloves, hats, and accessories; and safety suits and personal protective clothing, including bulletproof vests, and clothing bags, as well as isothermal and flammable clothes for police, military, and armed forces. It also invests in and owns 5 solar energy parks with a total capacity of 5.2 MW. Elve S.A. was founded in 1971 and is headquartered in Kavala, Greece.

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

Revenue & earnings trend

FY2018 – FY2022 · reported fiscal years

Elve S.A reported revenue of €14.7M in FY2022 versus €24.5M in FY2018, a compound −12.0%/yr. Reported net income was €839K in FY2022, compounding +13.8%/yr from FY2018.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2022)
€14.7M
Latest YoY
−49.9%
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.
−19.1%
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.
−11.6%
Avg. growth/yr (8Y) 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.
−3.0%
Revenue −12.0%/yr
FY18 €24.5M
FY19 €27.8M
FY20 €34.0M
FY21 €29.4M
FY22 €14.7M
Net income +13.8%/yr
FY18 €500K
FY19 €888K
FY20 €2.0M
FY21 €1.8M
FY22 €839K

ELBE screens 28% overvalued. Compare with H & M Hennes & Mauritz AB →

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

Peer Group

Apparel Manufacturing · 212 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 · Below median
Fair Value upside −28% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth 41% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 9.4× · Cheaper than 75% of peers
P/B 1.17× · Cheaper than median
P/S (TTM) 1.40× · Pricier than median
EV/EBITDA 4.6× · Cheaper 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 0 · sector 32
FUTURE 100 · sector 4
PAST 61 · sector 21
HEALTH 97 · sector 98
DIVIDEND 0 · sector 49

VALUE 0: the price sits above our fair-value range.

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Elve S.A (ELBE) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €4.37 versus a price of €6.10, about −28% (overvalued).
What is the fair value of ELBE?
Our model-based fair value for Elve S.A is €4.37 (as of Jul 17, 2026), built from audited fundamentals. The current price is €6.10.
What is the quality score of ELBE?
Elve S.A 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 Elve S.A (ELBE)?
Elve S.A reported trailing-twelve-month revenue of about €15.7M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of ELBE?
The net profit margin of Elve S.A is about 19.5%, meaning it keeps roughly 19.5% 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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